Company Overview
Old National Bancorp operates as the bank holding company for Old National Bank, providing a comprehensive suite of consumer and commercial banking services across the United States. The institution accepts various deposit accounts, including noninterest-bearing demand, interest-bearing checking, negotiable order of withdrawal, savings, and money market instruments to fund its lending activities. It operates within the Financial Services sector and specifically within the Banks - Regional industry, positioning it as a domestic-focused financial intermediary. The company employs 4,971 individuals to support its extensive network of banking operations. With a trailing twelve-month revenue of $2.30 billion, the entity demonstrates significant scale within the regional banking landscape, although specific market cap data is not currently available for valuation context. The annual revenue figure of $2.30 billion indicates a substantial operational footprint, suggesting the company is a major player in its specific geographic markets rather than a niche lender. The employee count of 4,971 reflects the labor-intensive nature of traditional banking services and the scale required to manage consumer and commercial portfolios across the country.
Financial Health
The company reported a total revenue of $2.30 billion over the trailing twelve months, generating net income of $653.12 million, while EBITDA figures are not reported in the available data. The substantial gap between the $2.30 billion in revenue and the $653.12 million in net income reveals a cost structure where operating expenses, including interest on deposits, salaries for the 4,971 employees, and overhead, consume a significant portion of gross inflows before reaching the bottom line. While free cash flow and debt-to-equity ratios are not explicitly quantified in the provided facts, the company holds $1.98 billion in cash against total debt of $7.94 billion, indicating a leveraged balance sheet where liabilities exceed liquid assets. The absence of reported free cash flow suggests that cash generation is either integrated into the deposit base or that the metric is not disclosed in the current reporting period. Margins show a gross margin of 0.0%, which is standard for financial institutions as revenue is largely interest-based rather than product-margin based; however, the operating margin stands at 47.6%, indicating efficient internal cost management. The profit margin of 29.1% further demonstrates the company's ability to retain a large share of revenue as net earnings after all expenses. Regarding liquidity, the current ratio is not disclosed in the available facts, so a direct assessment of short-term liquidity via this specific metric is unavailable. Return on Equity is 9.0%, showing how effectively the company generates profits from shareholder capital, while Return on Assets is 1.1%, reflecting the efficiency of the asset base in generating income relative to the total assets held.
Valuation Assessment
The trailing twelve-month P/E ratio is 27.85, whereas the forward P/E is not available, preventing a direct comparison of current versus expected earnings trajectories in this specific dataset. The price-to-book ratio is 1.17, suggesting that the market values the company at a slight premium of 17% over its tangible book value, which is typical for well-managed regional banks with strong capitalization. Alternative valuation metrics such as the price-to-sales ratio and EV/EBITDA are not reported in the available facts, limiting the depth of comparative valuation analysis using these specific multiples. The stock has traded between a 52-week low of $24.40 and a 52-week high of $25.65, indicating a relatively narrow trading range over the past year. The beta of 0.83 implies that the stock's price volatility is lower than the broader market, moving approximately 17% less than the market index during periods of fluctuation. This lower beta suggests a defensive characteristic often found in regional banks, though the specific current price relative to the $24.40 low and $25.65 high requires the exact current share price, which is not provided in the facts to calculate the precise percentage deviation. The high P/E of 27.85 relative to the 0.83 beta indicates that investors are pricing in growth expectations or stability that commands a higher multiple than the average market volatility would suggest. The lack of forward P/E data prevents an assessment of whether the market is anticipating earnings acceleration or deceleration in the upcoming fiscal periods.
Growth & Income
Revenue growth for the trailing twelve months stands at 41.4%, while earnings growth is reported at 17.2% year over year. The fact that earnings growth is significantly slower than revenue growth implies that the company is expanding its top line, likely through new deposit accounts or loan origination, but is currently absorbing some of that top-line expansion through increased operating costs or lower net interest margins rather than passing it all to the bottom line. The company offers a dividend yield of 7.0%, which is a substantial return component for income-focused investors. While the payout ratio is not disclosed in the available facts, the high dividend yield relative to the 9.0% return on equity suggests a significant portion of earnings is distributed to shareholders rather than retained for reinvestment. The absence of a reported payout ratio prevents a definitive conclusion on sustainability, but the 7.0% yield indicates a mature capital distribution policy typical of established regional banks. Overall, the company presents a profile characterized by high dividend income and moderate earnings growth that trails its robust revenue expansion, reflecting a strategy of steady income generation alongside business growth.