Old Natl Bancorp Ind Financials

ONB

Source SEC Filings (10-K/10-Q) Updated Mar 31, 2026 Currency USD FYE December

This page shows Old Natl Bancorp Ind (ONB) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 18 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI ONB FY2025 2026-04-29

Old National’s balance-sheet growth is substantial, but returns on assets and funding efficiency have thinned as the institution scales.

Over the recent filings, assets expanded from $49.1B to $72.2B. At the same time, asset returns eased from 1.2% to 0.9%, which means the bigger balance sheet is producing more dollars of profit but less profit per dollar deployed.

In the latest year, operating cash flow of $681M was very close to net income of $669M, so reported earnings largely showed up in cash. Because capital spending was only $44M, free cash flow stayed close to operating cash flow, making funding structure and balance-sheet management more informative than plant spending when judging cash use.

Over the same stretch, interest expense climbed from $704M to $1.21B. Net income moved from $582M to $669M, suggesting much of the benefit from growth was absorbed by the cost of carrying a larger, still leveraged balance sheet rather than dropping cleanly to profit.

Financial Health Signals

Financial Profile 29/100

Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →

Health score ≠ stock price. This rates the quality of Old Natl Bancorp Ind's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Growth

Old Natl Bancorp Ind's revenue surged 25.7% year-over-year to $3.3B, reflecting rapid business expansion. This strong growth earns a score of 70/100.

Leverage

Old Natl Bancorp Ind has elevated debt relative to equity (D/E of 7.49), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 0/100, reflecting increased financial risk.

Cash Flow

Old Natl Bancorp Ind converts 19.5% of revenue into free cash flow ($637.4M). This strong cash generation earns a score of 77/100.

Returns

Old Natl Bancorp Ind's ROE of 7.9% shows moderate profitability relative to equity, earning a score of 30/100. This is down from 8.5% the prior year.

Piotroski F-Score Weak

3/9

Old Natl Bancorp Ind passes 3 of 9 financial strength tests. 3 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.

Earnings Quality Cash-Backed

1.02x

For every $1 of reported earnings, Old Natl Bancorp Ind generates $1.02 in operating cash flow ($681.5M OCF vs $669.3M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Earnings & Revenue

Revenue

$3.3B

YoY+25.7%

5Y CAGR+94.2%

10Y CAGR+23.4%

Old Natl Bancorp Ind generated $3.3B in revenue in fiscal year 2025. This represents an increase of 25.7% from the prior year.

EBITDA

N/A

Net Income

$669.3M

YoY+24.1%

5Y CAGR+24.2%

10Y CAGR+19.1%

Old Natl Bancorp Ind reported $669.3M in net income in fiscal year 2025. This represents an increase of 24.1% from the prior year.

EPS (Diluted)

N/A

Cash & Balance Sheet

Free Cash Flow

$637.4M

YoY+7.7%

5Y CAGR+27.5%

10Y CAGR+32.5%

Old Natl Bancorp Ind generated $637.4M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 7.7% from the prior year.

Cash & Debt

$1.8B

YoY+48.7%

5Y CAGR+25.4%

10Y CAGR+23.6%

Old Natl Bancorp Ind held $1.8B in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share

$0.56

YoY+0.0%

5Y CAGR+0.0%

10Y CAGR+1.6%

Old Natl Bancorp Ind paid $0.56 per share in dividends in fiscal year 2025. This represents an increase of 0.0% from the prior year.

Shares Outstanding

390M

YoY+22.2%

5Y CAGR+18.7%

10Y CAGR+13.0%

Old Natl Bancorp Ind had 390M shares outstanding in fiscal year 2025. This represents an increase of 22.2% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

20.5%

YoY-0.3pp

5Y CAGR-170.7pp

10Y CAGR-8.8pp

Old Natl Bancorp Ind's net profit margin was 20.5% in fiscal year 2025, showing the share of revenue converted to profit. This is down 0.3 percentage points from the prior year.

Return on Equity

7.9%

YoY-0.6pp

5Y CAGR+0.3pp

10Y CAGR+0.1pp

Old Natl Bancorp Ind's ROE was 7.9% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 0.6 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

$71.8M

YoY+708.2%

5Y CAGR-2.7%

10Y CAGR-2.1%

Old Natl Bancorp Ind spent $71.8M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 708.2% from the prior year.

Capital Expenditures

$44.1M

YoY+45.6%

5Y CAGR+7.4%

10Y CAGR-6.4%

Old Natl Bancorp Ind invested $44.1M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 45.6% from the prior year.

ONB Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$3.3B+25.7%	$2.6B+17.9%	$2.2B+51.8%	$1.5B+1057.7%	$125.6M+6.1%	$118.4M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$749.0M+24.2%	$603.1M+10.4%	$546.4M-5.1%	$575.6M+102.6%	$284.1M-3.2%	$293.6M
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$1.2B+13.2%	$1.1B+52.2%	$703.7M+457.3%	$126.3M+198.9%	$42.2M-37.1%	$67.2M
Income Tax	$172.1M+21.9%	$141.3M-16.6%	$169.3M+45.4%	$116.4M+89.9%	$61.3M+110.4%	$29.1M
Net Income	$669.3M+24.1%	$539.2M-7.4%	$582.0M+35.9%	$428.3M+54.3%	$277.5M+22.6%	$226.4M
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Revenue	$877.4M-2.2%	$897.3M-2.2%	$917.2M+11.2%	$825.0M+30.9%	$630.4M-4.8%	$662.1M-2.6%	$679.9M+2.5%	$663.7M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$184.1M-1.7%	$187.3M-11.4%	$211.3M+4.6%	$202.1M+36.3%	$148.3M+1.2%	$146.6M-0.6%	$147.5M-7.3%	$159.2M
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$304.8M-3.7%	$316.5M-7.6%	$342.6M+10.4%	$310.2M+27.8%	$242.8M-9.4%	$267.9M-7.0%	$288.2M+4.7%	$275.2M
Income Tax	$61.6M+12.2%	$54.9M+9.7%	$50.0M+65.1%	$30.3M-17.9%	$36.9M+14.5%	$32.2M-21.9%	$41.3M+17.1%	$35.3M
Net Income	$233.7M+7.9%	$216.6M+18.7%	$182.6M+45.6%	$125.4M-13.3%	$144.7M-6.0%	$153.9M+7.0%	$143.8M+18.6%	$121.2M
EPS (Diluted)	$0.59	N/A	N/A	N/A	N/A	N/A	N/A	N/A

ONB Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$72.2B+34.7%	$53.6B+9.1%	$49.1B+5.0%	$46.8B+91.2%	$24.5B+6.5%	$23.0B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$1.8B+48.7%	$1.2B+4.5%	$1.2B+61.3%	$728.4M-11.4%	$822.0M+39.4%	$589.7M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$2.4B+11.5%	$2.2B+8.8%	$2.0B0.0%	$2.0B+92.7%	$1.0B0.0%	$1.0B
Total Liabilities	$63.7B+34.8%	$47.2B+8.5%	$43.5B+4.5%	$41.6B+94.2%	$21.4B+7.3%	$20.0B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$8.5B+34.0%	$6.3B+14.0%	$5.6B+8.5%	$5.1B+70.3%	$3.0B+1.3%	$3.0B
Retained Earnings	$2.4B+22.5%	$2.0B+21.5%	$1.6B+33.0%	$1.2B+25.8%	$968.0M+23.5%	$783.9M

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Total Assets	$73.0B+1.2%	$72.2B+1.3%	$71.2B+0.3%	$71.0B+31.7%	$53.9B+0.6%	$53.6B-0.1%	$53.6B+0.9%	$53.1B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$1.8B-3.9%	$1.8B+8.5%	$1.7B-7.0%	$1.8B+45.9%	$1.2B+1.0%	$1.2B+3.1%	$1.2B-3.4%	$1.2B
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$2.4B+0.2%	$2.4B+0.3%	$2.4B+0.4%	$2.4B+10.8%	$2.2B0.0%	$2.2B-0.1%	$2.2B+0.3%	$2.2B
Total Liabilities	$64.5B+1.3%	$63.7B+1.2%	$62.9B+0.1%	$62.9B+32.8%	$47.3B+0.3%	$47.2B0.0%	$47.2B+0.4%	$47.0B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$8.5B+0.2%	$8.5B+2.2%	$8.3B+2.3%	$8.1B+24.4%	$6.5B+3.1%	$6.3B-0.4%	$6.4B+4.8%	$6.1B
Retained Earnings	$2.6B+7.2%	$2.4B+7.0%	$2.3B+5.8%	$2.1B+3.2%	$2.1B+4.8%	$2.0B+5.6%	$1.9B+5.4%	$1.8B

ONB Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$681.5M+9.5%	$622.3M+20.5%	$516.3M-36.6%	$814.4M+146.5%	$330.4M+50.3%	$219.8M
Capital Expenditures	$44.1M+45.6%	$30.3M-21.1%	$38.4M+1.3%	$37.9M-22.2%	$48.7M+57.7%	$30.9M
Free Cash Flow	$637.4M+7.7%	$592.0M+23.9%	$478.0M-38.4%	$776.5M+175.7%	$281.7M+49.1%	$188.9M
Investing Cash Flow	-$1.8B-33.7%	-$1.4B+24.6%	-$1.8B-7.9%	-$1.7B-17.7%	-$1.4B+33.1%	-$2.1B
Financing Cash Flow	$1.8B+118.2%	$802.6M-54.1%	$1.7B+125.0%	$777.5M-41.7%	$1.3B-40.3%	$2.2B
Dividends Paid	$225.1M+17.8%	$191.2M+6.2%	$180.0M+1.4%	$177.6M+91.3%	$92.8M-0.1%	$92.9M
Share Buybacks	$71.8M+708.2%	$8.9M-79.9%	$44.3M-37.8%	$71.2M+1807.9%	$3.7M-95.5%	$82.4M

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Operating Cash Flow	$206.1M+29.5%	$159.2M-53.3%	$341.2M+368.1%	$72.9M-32.6%	$108.2M-54.1%	$235.8M+94.3%	$121.3M-24.6%	$161.0M
Capital Expenditures	$12.9M-41.1%	$21.9M+188.4%	$7.6M-13.8%	$8.8M+51.7%	$5.8M-14.1%	$6.8M+19.2%	$5.7M-39.5%	$9.4M
Free Cash Flow	$193.3M+40.7%	$137.3M-58.8%	$333.6M+420.6%	$64.1M-37.4%	$102.4M-55.3%	$229.0M+98.0%	$115.7M-23.7%	$151.6M
Investing Cash Flow	-$1.1B-55.0%	-$698.8M-54.9%	-$451.1M-8.9%	-$414.4M-53.2%	-$270.6M-130.6%	-$117.3M+60.6%	-$298.0M-56.4%	-$190.5M
Financing Cash Flow	$804.6M+17.8%	$683.1M+4354.0%	-$16.1M-101.8%	$910.3M+422.7%	$174.2M+312.3%	-$82.0M-160.7%	$135.2M-58.1%	$323.1M
Dividends Paid	$60.1M+2.5%	$58.6M-0.4%	$58.9M0.0%	$58.9M+21.0%	$48.7M0.0%	$48.7M0.0%	$48.7M0.0%	$48.7M
Share Buybacks	$104.1M+314.6%	$25.1M-0.4%	$25.2M+216.7%	$8.0M-41.2%	$13.5M+9639.6%	$139K-51.6%	$287K-77.5%	$1.3M

ONB Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	20.5%-0.3pp	20.7%-5.6pp	26.4%-3.1pp	29.4%-191.5pp	220.9%+29.8pp	191.2%
Return on Equity	7.9%-0.6pp	8.5%-2.0pp	10.5%+2.1pp	8.3%-0.9pp	9.2%+1.6pp	7.6%
Return on Assets	0.9%-0.1pp	1.0%-0.2pp	1.2%+0.3pp	0.9%-0.2pp	1.1%+0.1pp	1.0%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	7.49+0.0	7.45-0.4	7.82-0.3	8.12+1.0	7.12+0.4	6.72
FCF Margin	19.5%-3.3pp	22.8%+1.1pp	21.7%-31.7pp	53.4%-170.9pp	224.3%+64.7pp	159.5%

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	26.6%+2.5pp	24.1%+4.2pp	19.9%+4.7pp	15.2%-7.8pp	22.9%-0.3pp	23.2%+2.1pp	21.1%+2.9pp	18.3%
Return on Equity	2.8%+0.2pp	2.5%+0.3pp	2.2%+0.7pp	1.5%-0.7pp	2.2%-0.2pp	2.4%+0.2pp	2.3%+0.3pp	2.0%
Return on Assets	0.3%+0.0pp	0.3%+0.0pp	0.3%+0.1pp	0.2%-0.1pp	0.3%-0.0pp	0.3%+0.0pp	0.3%+0.0pp	0.2%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	7.58+0.1	7.49-0.1	7.57-0.2	7.73+0.5	7.25-0.2	7.45+0.0	7.42-0.3	7.74
FCF Margin	22.0%+6.7pp	15.3%-21.1pp	36.4%+28.6pp	7.8%-8.5pp	16.2%-18.4pp	34.6%+17.6pp	17.0%-5.8pp	22.9%

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Frequently Asked Questions

What is Old Natl Bancorp Ind's annual revenue?

Old Natl Bancorp Ind (ONB) reported $3.3B in total revenue for fiscal year 2025. This represents a 25.7% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Old Natl Bancorp Ind's revenue growing?

Old Natl Bancorp Ind (ONB) revenue grew by 25.7% year-over-year, from $2.6B to $3.3B in fiscal year 2025.

Is Old Natl Bancorp Ind profitable?

Yes, Old Natl Bancorp Ind (ONB) reported a net income of $669.3M in fiscal year 2025, with a net profit margin of 20.5%.

What is Old Natl Bancorp Ind's net profit margin?

Old Natl Bancorp Ind (ONB) had a net profit margin of 20.5% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does Old Natl Bancorp Ind pay dividends?

Yes, Old Natl Bancorp Ind (ONB) paid $0.56 per share in dividends during fiscal year 2025.

What is Old Natl Bancorp Ind's return on equity (ROE)?

Old Natl Bancorp Ind (ONB) has a return on equity of 7.9% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Old Natl Bancorp Ind's free cash flow?

Old Natl Bancorp Ind (ONB) generated $637.4M in free cash flow during fiscal year 2025. This represents a 7.7% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Old Natl Bancorp Ind's operating cash flow?

Old Natl Bancorp Ind (ONB) generated $681.5M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Old Natl Bancorp Ind's total assets?

Old Natl Bancorp Ind (ONB) had $72.2B in total assets as of fiscal year 2025, including both current and long-term assets.

What are Old Natl Bancorp Ind's capital expenditures?

Old Natl Bancorp Ind (ONB) invested $44.1M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Does Old Natl Bancorp Ind buy back shares?

Yes, Old Natl Bancorp Ind (ONB) spent $71.8M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does Old Natl Bancorp Ind have outstanding?

Old Natl Bancorp Ind (ONB) had 390M shares outstanding as of fiscal year 2025.

What is Old Natl Bancorp Ind's debt-to-equity ratio?

Old Natl Bancorp Ind (ONB) had a debt-to-equity ratio of 7.49 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Old Natl Bancorp Ind's return on assets (ROA)?

Old Natl Bancorp Ind (ONB) had a return on assets of 0.9% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Old Natl Bancorp Ind's Piotroski F-Score?

Old Natl Bancorp Ind (ONB) has a Piotroski F-Score of 3 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Old Natl Bancorp Ind's earnings high quality?

Old Natl Bancorp Ind (ONB) has an earnings quality ratio of 1.02x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is Old Natl Bancorp Ind?

Old Natl Bancorp Ind (ONB) scores 29 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.