Old National Bancorp (NASDAQ:ONB) is a prominent financial services company operating primarily in the Midwest. It offers a comprehensive range of banking services, including commercial and consumer banking, wealth management, and insurance. Competing within the Zacks Banks - Midwest industry, ONB stands out for its consistent financial performance.
On October 27, 2025, Cowen & Co. maintained its "Hold" rating for ONB, with the stock priced at $21.05. Notably, TD Cowen raised the price target from $25 to $26, reflecting confidence in the company's financial trajectory.
Old National Bancorp recently reported quarterly earnings of $0.59 per share, surpassing the Zacks Consensus Estimate of $0.56. This represents a +5.36% earnings surprise, marking the company's consistent ability to outperform consensus EPS estimates over the past four quarters. In the previous quarter, ONB reported earnings of $0.53 per share, exceeding expectations by +3.92%.
The company's revenue for the quarter ending September 2025 was $713 million, 2.35% above the Zacks Consensus Estimate. This significant increase from the $492 million reported a year ago underscores Old National Bancorp's strong financial performance and its ability to exceed consensus revenue estimates consistently over the last four quarters.
For the third quarter of 2025, ONB announced a net income applicable to common shares of $178.5 million, with a diluted EPS of $0.46. On an adjusted basis, net income was $231.3 million, translating to a diluted EPS of $0.59. The results included pre-tax charges of $69.3 million related to merger expenses, which were excluded from the adjusted figures.
Old National Bancorp experienced growth in core deposits, driven by both existing and new commercial clients. Period-end total deposits reached $55 billion. The current stock price of ONB is $20.96, reflecting a decrease of 0.43% or $0.09. The stock has fluctuated between $20.96 and $21.20 today, with a market capitalization of approximately $8.21 billion.
