15 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has declined 1.8% per year over the past 5 years.
Net income has grown faster than revenue (24.2% vs -1.8% per year).
Free cash flow has grown 27.5% per year over the past 5 years.
Financial health
Total debt has grown slower than revenue (-21.4% vs -1.8% per year).
Shareholder returns
Dividends have been paid for 15 consecutive years, consuming 33.6% of earnings and 35.3% of free cash flow.
The dividend has grown 19.4% per year over the past 5 years.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
ROE
ROA
FCF
Total debt
Cash
2025
—
$669M
—
—
7.9%
0.9%
$637M
—
$1.8B
2024
—
$539M
—
—
8.5%
1.0%
$592M
—
$1.2B
2023
—
$582M
—
—
10.5%
1.2%
$478M
—
$1.2B
2022
—
$428M
—
—
8.4%
0.9%
$777M
—
$728M
2021
$126M
$278M
0.0%
0.0%
9.2%
1.1%
$282M
—
$822M
2020
$118M
$226M
0.0%
0.0%
7.6%
1.0%
$189M
—
$590M
2019
$131M
$238M
0.0%
0.0%
8.4%
1.2%
$196M
—
$276M
2018
$127M
$191M
0.0%
0.0%
7.1%
1.0%
$201M
—
$317M
2017
$122M
$96M
0.0%
0.0%
4.4%
0.5%
$213M
$249M
$290M
2016
$137M
$134M
0.0%
0.0%
7.4%
0.9%
-$200M
$219M
$256M
2015
—
$117M
—
—
7.8%
1.0%
—
$1.9B
$220M
2014
—
$104M
—
—
7.1%
0.9%
—
$1.5B
$240M
2013
—
$101M
—
—
8.7%
1.1%
$147M
$1.0B
$207M
2012
—
$92M
—
—
7.7%
1.0%
$96M
$827M
$264M
2011
—
$72M
—
—
—
0.8%
$132M
$716M
$223M
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
ROE
ROA
FCF
Total debt
Cash
Sep '26
—
$254M
—
—
3.1%
0.3%
$373M
—
$1.7B
Jun '26
—
$253M
—
—
3.0%
0.3%
$276M
—
$1.8B
Mar '26
—
$234M
—
—
2.7%
0.3%
$193M
—
$1.8B
Dec '25
—
$217M
—
—
2.6%
0.3%
$137M
—
$1.8B
Sep '25
—
$183M
—
—
2.2%
0.3%
$334M
—
$1.7B
Jun '25
—
$125M
—
—
1.5%
0.2%
$64M
—
$1.8B
Mar '25
—
$145M
—
—
2.2%
0.3%
$102M
—
$1.2B
Dec '24
—
$154M
—
—
2.4%
0.3%
$229M
—
$1.2B
Sep '24
—
$144M
—
—
2.3%
0.3%
$116M
—
$1.2B
Jun '24
—
$121M
—
—
2.0%
0.2%
$152M
—
$1.2B
Mar '24
—
$120M
—
—
2.1%
0.2%
$96M
—
$939M
Dec '23
—
$132M
—
—
2.4%
0.3%
$63M
—
$1.2B
Sep '23
—
$148M
—
—
2.8%
0.3%
$218M
—
$1.7B
Jun '23
—
$155M
—
—
2.9%
0.3%
$154M
—
$1.2B
Mar '23
—
$147M
—
—
2.8%
0.3%
$43M
—
$1.1B
Dec '22
—
$201M
—
—
3.9%
0.4%
$118M
—
$728M
Sep '22
—
$140M
—
—
2.8%
0.3%
$237M
—
$802M
Jun '22
—
$115M
—
—
2.3%
0.3%
$270M
—
$798M
Mar '22
—
-$28M
—
—
-0.5%
-0.1%
$151M
—
$2.0B
Dec '21
$31M
$56M
0.0%
0.0%
1.9%
0.2%
$58M
—
$822M
Valuation over time
How the market has priced ONB against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-earnings ratio has risen from 12.7× (Mar '23) to 14.6× (Nov '26).
The dividend yield has fallen from 3.3% (Mar '23) to 2.3% (Nov '26).
Price / earnings (P/E)
P/E
Dividend yield (%)
Dividend yield %
Frequently asked questions
Is ONB growing its revenue and profit?
Over the past 5 years, Old National Bancorp /In/'s revenue has declined 1.8% per year, and net income grown 24.2% per year. These are computed facts, not advice.
How much debt does ONB have?
As of FY2025, Old National Bancorp /In/ reported — of total debt against $1.8B of cash.
What is ONB's profit margin?
In FY2025, gross margin was —, operating margin —, and net margin —.
What is ONB's P/E ratio?
Old National Bancorp /In/'s P/E (TTM) is 10.23 as of the 2026-11-04 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the ONB stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 14.6× as of Nov '26) can differ. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), split-adjusted; price return — dividends not reinvested ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.