公司概述
Old National Bancorp operates as a bank holding company that facilitates the provision of comprehensive consumer and commercial banking services throughout the United States, managing a full spectrum of deposit accounts including noninterest-bearing demand, interest-bearing checking, and negotiable order of withdrawal alongside savings instruments. The firm is classified within the Financial Services sector and specifically functions in the Banks - Regional industry, positioning it as a localized financial institution serving distinct geographic markets rather than a national or global conglomerate. In terms of scale, the entity holds a market capitalization of $8.35B and generates annual revenue of $2.30B based on trailing twelve-month figures, while employing a workforce of 4971 individuals. These valuation metrics indicate a mid-to-large-sized regional banking entity that maintains significant asset liquidity with $1.98B in cash reserves, suggesting a substantial operational footprint capable of supporting its regional lending and deposit-gathering activities without relying on external capital markets for daily liquidity management.
财务健康
The company reported revenue of $2.30B and net income of $653.12M over the trailing twelve months, while EBITDA data is not available in the current reporting cycle. The substantial gap between the reported revenue of $2.30B and the net income of $653.12M reveals a cost structure heavily influenced by the nature of banking operations, where interest income and non-interest income are offset by significant operating expenses and loan loss provisions, resulting in a net profit margin of 29.1%. Regarding liquidity generation, free cash flow figures are not disclosed, which precludes a direct assessment of immediate cash generation flexibility from operating activities beyond the reported cash holdings. The firm exhibits a gross margin of 0.0%, which is standard for financial institutions as gross profit is typically not a meaningful metric due to the matching of interest income against interest expense. However, the operating margin stands at 47.6%, indicating efficient management of overhead costs relative to revenue, while the profit margin of 29.1% demonstrates strong bottom-line profitability after all expenses and taxes are accounted for. The company holds $1.98B in cash against $7.94B in debt, and the debt-to-equity ratio is not available for calculation in this dataset. Despite the nominal debt figure, the absence of a debt-to-equity ratio and the specific debt amount suggest that the balance sheet analysis relies heavily on the available cash buffer rather than traditional leverage metrics. The current ratio is not provided, preventing a direct evaluation of short-term liquidity relative to current liabilities using this specific metric. Return on Equity is 9.0%, which measures the efficiency of capital deployment by shareholders, while Return on Assets is 1.1%, reflecting the overall profitability of the asset base relative to its size. These return metrics collectively reveal management's effectiveness in generating returns on the capital invested, with the ROE being significantly higher than the ROA, which is typical for leveraged financial intermediaries.
估值评估
The trailing twelve-month P/E ratio is 11.97, while the forward P/E is projected at 7.52. The significant difference between the trailing P/E of 11.97 and the forward P/E of 7.52 implies that the market expects earnings growth that would allow the stock to trade at a lower multiple in the future, or it suggests that current earnings are elevated relative to future expectations. The price-to-book ratio is 1.01, indicating that the market values the company's equity at approximately par value, suggesting no significant market premium or discount over the book value of the shareholders' equity. Alternative valuation metrics include a price-to-sales ratio of 3.63, while the EV/EBITDA ratio is not available for analysis. The price-to-sales ratio of 3.63 suggests that investors are willing to pay a moderate multiple of revenue, reflecting the stability of the banking business model, whereas the lack of EV/EBITDA data limits the leverage-adjusted valuation comparison. The stock's 52-week high is $26.17 and the 52-week low is $16.83. Given the forward P/E of 7.52 and the current valuation context, the current price sits within a range that reflects a cautious market sentiment, trading well below the 52-week high of $26.17. The beta value is 0.83, which indicates that the stock's price volatility is lower than the broader market, suggesting it is less sensitive to overall market fluctuations compared to a beta of 1.0.
Growth & Income
Revenue growth year-over-year is 41.4%, while earnings growth year-over-year is 17.2%. Earnings are growing slower than revenue, which implies that the expansion in the top line has not yet fully translated into proportional bottom-line growth, potentially due to rising operating costs or a change in the mix of higher-yielding assets. The company offers a dividend yield of 2.7% and maintains a payout ratio of 31.3%. The payout ratio of 31.3% is highly sustainable given the company's strong net income of $653.12M, as retaining the majority of earnings allows for continued capital accumulation while returning a modest portion to shareholders. Since the company is an active dividend payer, it is not necessary to assume earnings are being reinvested exclusively for growth at the expense of shareholder returns. The overall growth and income profile presents a balance of moderate earnings expansion at 17.2% paired with a stable, low-risk dividend yield of 2.7%, supported by a conservative payout ratio that ensures dividend continuity even if future growth rates fluctuate.