Old National Bank (ONB)
NASDAQFinancialsBanks - RegionalSnapshot 2026-09-04
$26.04+0.23%
Close 2026-09-04 · 1-day change
NASDAQFinancialsBanks - RegionalSnapshot 2026-09-04
QuarterlyIQ Insights · ONB
How strong the business is — where it ranks within its sector on capital efficiency and cash generation, and how well management has been executing.
How this business ranks within financials on a research-validated quality screen. As of 2026-09-04.
The screen ranks ONB against its sector on four durable signals: share dilution, return on capital, free-cash-flow yield, and FCF margin. Historically the highest-quality names tended toward better typical outcomes and fewer bad years over multi-year holds (strongest at three years, modest at one), and that pattern showed up even before the price moved. It characterizes business quality, not price direction.
Each leg is a sector-relative percentile (higher is better); 3 of 4 legs were available for this name. The composite is built from these four; the raw value follows each percentile for context.
A forward quality tilt, not a price prediction, and context for your own research rather than a recommendation. Not investment advice.
How management runs the business: capital, margins, balance sheet, and how reliably they guide and deliver.
Each factor is a parallel diagnostic with a clear read of what it shows and how names like it have historically fared. Never aggregated into a single score.
Operating income rose in 2 of the last 3 quarter-over-quarter moves. Historically, Financials names rated strong grew net income 67% of the time over the next year (vs 56% for the rest of the cohort, n=7680).
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
A guidance track record builds as the company issues and delivers on guidance.
Priorities management has stated in recent disclosures, with status and evidence drawn from earnings calls, filings, and press releases.
Focus on growing loans organically, emphasizing high-quality commercial loan production and expanding the commercial loan pipeline.
Stated as a priority in 4 of last 4 quarters. Total loans grew from $48.8 billion in 2025-Q4 to $50.8 billion in 2026-Q2, an 8.3% annualized increase driven by strong commercial loan production. Management consistently emphasized this growth focus and the trajectory is delivering.
“Loan growth driven by strong high quality commercial loan production; total loans up $1.0 billion or 8.3% annualized.”
“Loan growth driven by strong high quality commercial loan production; total loans up $970.9 million or 8.0% annualized.”
“Loan growth driven by strong commercial loan production; total loans up 0.6% annualized, 3.1% excluding Bremer loans.”
“Focus on loan growth with strong commercial production emphasized.”
Continue to control noninterest expenses and improve operational efficiency as reflected in efficiency ratio metrics.
Stated as a priority in 4 of last 4 quarters. Adjusted efficiency ratio improved from 48.1% in 2025-Q3 to a record 45.2% in 2026-Q2, reflecting disciplined expense management. Adjusted noninterest expense remained controlled around $354-$360 million. Management's focus on cost discipline is delivering.
“Disciplined expense management drives record adjusted efficiency ratio of 45.2%.”
Sustain and increase quarterly cash dividends to shareholders as part of capital allocation strategy.
Stated as a priority in 3 recent quarters. The Board declared and maintained a quarterly cash dividend of $0.145 per share in 2026-Q2 and 2026-Q3, up slightly from $0.14 in 2026-Q1. Management is delivering on its commitment to sustain and grow dividends.
“Board declared quarterly cash dividend of $0.145 per share payable September 15, 2026.”
Execute capital allocation strategy through share repurchases and managing debt issuance to optimize capital structure.
Stated as a priority in 3 of last 4 quarters. The company repurchased $107 million of common stock in 2026-Q2 and issued $450 million of subordinated notes in 2026-Q1, reflecting active capital allocation management. The trajectory shows ongoing execution of capital strategy.
Manage director retirements and succession to maintain strong governance and leadership continuity.
Stated as a priority in 2 of last 4 quarters. Management disclosed director retirements and emphasized governance continuity. While no quantitative metrics apply, the company is maintaining focus on smooth leadership transitions.
“Director retirements due to age and other professional commitments announced.”
Over the trailing year it converted 0.78x of net income into operating cash flow. Historically, Financials names rated fragile grew net income 52% of the time over the next year (vs 61% for the rest of the cohort, n=6844).
Most sensitive to the broad stock market.
Not enough signal to read sensitivity to the US dollar, Fed net liquidity, real (inflation-adjusted) rates, long-term interest rates (low R² over the window).
23 material management or governance events in the past 24 months, led by capital-allocation actions. Historically, Financials names rated volatile grew net income 59% of the time over the next year (vs 56% for the rest of the cohort, n=2797).
Not investment advice. As of 2026-09-04.
“Adjusted noninterest expense decreased to $354.0 million; efficiency ratio 45.7%.”
“Disciplined expense management drives adjusted efficiency ratio lower to 48.1%.”
“Focus on disciplined expense management and improving efficiency ratio.”
“Board declared quarterly cash dividend of $0.145 per share payable June 15, 2026.”
“Dividend per share was $0.14 in 2026-Q1.”
“Repurchased $107 million of common stock during the quarter.”
“Issued $450 million of subordinated notes during the quarter.”
“Repurchased 3.9 million shares of common stock during the quarter.”
“Focus on governance continuity and director transitions.”