Old National Bancorp
ONB · NasdaqNational Commercial Banks · Fiscal year ends Dec 31
Net income was $669M. Operating cash flow of $681M less capital expenditure of $44M left free cash flow of $637M.
Last 5 fiscal years
Revenue and net income
Income statement
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Revenue | $126M | – | – | – | – |
| Net interest incomeBanks | $596M | $1.3B | $1.5B | $1.5B | $2.1B |
| Interest expense | $42M | $126M | $704M | – | – |
| Pre-tax income | $339M | $545M | $751M | $680M | $841M |
| Income tax | $61M | $116M | $169M | $141M | $172M |
| Net income | $278M | $428M | $582M | $539M | $669M |
| Diluted EPS | 1.67 | 1.50 | 1.94 | 1.68 | 1.79 |
| Diluted shares | 166M | 277M | 292M | 311M | 365M |
Balance sheet
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Cash & equivalents | $822M | $728M | $1.2B | $1.2B | $1.8B |
| Goodwill | $1B | $2B | $2B | $2.2B | $2.4B |
| Total assets | $24.5B | $46.8B | $49.1B | $53.6B | $72.2B |
| DepositsBanks | $18.6B | $35B | $37.2B | $40.8B | $55.1B |
| Total liabilities | $21.4B | $41.6B | $43.5B | $47.2B | $63.7B |
| Shareholders' equity | $3B | $5.1B | $5.6B | $6.3B | $8.5B |
Cash flow
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Operating cash flow | $330M | $814M | $516M | $622M | $681M |
| Capital expenditure | $49M | $38M | $38M | $30M | $44M |
| Free cash flow | $282M | $777M | $478M | $592M | $637M |
| Depreciation & amortisation | $27M | $36M | $38M | $38M | $45M |
| Stock-based compensation | $7M | $29M | $28M | $32M | $38M |
| Share buybacks | $4M | $71M | $44M | $9M | $72M |
| Dividends paid | $93M | $178M | $180M | $191M | $225M |
| Dividend per share | 0.56 | 0.56 | 0.56 | 0.56 | 0.56 |
Key ratios
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| EPS growth (YoY) | – | −10.2% | 29.3% | −13.4% | 6.5% |
| Net margin | 220.9% | – | – | – | – |
| Return on equityBlank when equity is negative | 9.2% | 8.4% | 10.5% | 8.5% | 7.9% |
| Free cash flow margin | 224.2% | – | – | – | – |
| Cash conversion (CFO ÷ net income) | 1.19x | 1.90x | 0.89x | 1.15x | 1.02x |
Recent filings
More in National Commercial Banks
Standardised figures from the company's XBRL filings with the SEC (10-K, 10-Q). Line items follow US GAAP tags, so a company's own statement layout may differ and some lines show “–” where the company does not report that item. Ratios are calculated from these figures. For education only; not investment advice or a recommendation.