Old National Bank operates banking centers located primarily throughout the Midwestern and Southeastern United States, including Illinois, Indiana, Iowa, Kentucky, Michigan, Minnesota, North Carolina, Tennessee, and Wisconsin. In 2025, Old National Bancorp's revenue was $2.30 billion, an increase of 30.60% compared to the previous year, with earnings of $653.12 million. The company's growth trajectory has been bolstered by strategic acquisitions, most notably the May 2025 Bremer Financial Corporation merger.
Cyborg Score Rationale
According to 11 analysts, the average rating for ONB stock is 'Buy' with a 12-month stock price target of $26.64, an increase of 4.23% from the latest price. The company demonstrates solid fundamentals with substantial revenue growth, strategic acquisition momentum, and analyst confidence despite fair valuation metrics.
Top Insights
On May 1, 2025, Bremer Financial Corporation merged with and into Old National Bancorp, expanding its asset base and geographic footprint.
Old National Bank beat analysts' revenue expectations by 2.2% last quarter, reporting revenues of $713 million, up 44.9% year on year.
Through its 1834 division, the company provides integrated wealth advisory and investment management services for high and ultra-high net-worth individuals, families, and institutions.
The company focuses on building long-term, highly valued partnerships with clients while strengthening communities through initiatives such as its 'Better Together Days' volunteer program.
Named Competitors
U.S. Bancorp — Major regional bank with extensive Midwest operations
Truist Financial — Regional bank with Southeast and broader footprint
KeyBank — Midwest and national regional banking platform
PNC Bank — Large regional bank with Midwest exposure
Recent Developments
(January 2026) Old National Bancorp raises fourth-quarter and full-year 2025 earnings guidance
(November 2025) Company earned 2026 Military Friendly Employer designation
(May 2025) Completion of Bremer Financial Corporation merger
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