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Company

OLD NATIONAL BANCORP /IN/

Ticker
ONB
Sector
Industry
Report date
October 28, 2026
Valye AI Score

80

Very high visibility
Recent developments
Recent developments summary

Old National Bancorp reported record third quarter 2026 results with increased profit and earnings matching company expectations. The company held strong liquidity as of September 30, 2026, with detailed earnings call transcripts providing operational insights.

Recent developments:
  • Old National Bancorp reported record third quarter 2026 results, highlighting strong financial performance [N1].
  • The Q3 2026 earnings call transcript provides detailed discussion of company operations and financial metrics [N2].
  • Company commentary on the Q3 earnings call emphasized key business drivers and profit growth [N3].
  • Q3 earnings matched company expectations, reflecting consistent execution [N6].
  • Net income for Q3 2026 rose compared to prior periods, indicating profitability improvement [N5].
  • As of September 30, 2026, the company held approximately $1.68 billion in cash and cash equivalents, supporting liquidity [S2].
Overview

Old National Bancorp operates as a regional bank providing a range of financial services including commercial and retail banking. The company’s business model centers on deposit gathering, loan origination, and fee-based financial services. It serves customers primarily in its regional markets with a focus on community banking. The company’s financial performance is regularly reported through SEC filings and earnings calls, with recent results indicating record quarterly earnings and profit growth.

Executive summary

Financial figures (if any) are summarized from the latest available SEC filings and are provided for informational purposes only — not financial advice. Old National Bancorp is a financial institution with publicly available detailed quarterly results and earnings call transcripts for Q3 2026. The company reported record quarterly results and increased profit for Q3 2026. As of September 30, 2026, it held approximately $1.68 billion in cash and cash equivalents and reported net income of about $254 million for the quarter. Risk factors and other disclosures are available in recent SEC filings.

Scenarios for ONB

Bull case model:

The company’s recent record quarterly results and profit increase demonstrate operational strength and effective execution. Strong liquidity and capital levels provide financial flexibility. Detailed earnings call disclosures enhance transparency and investor understanding of business drivers.

Bear case model:

Risks include regional economic downturns impacting loan performance and deposit growth. Limited disclosure on certain current asset and liability details may reduce full visibility into short-term liquidity. Competitive pressures in the banking sector could affect margins and growth potential.

Moat:

Old National Bancorp’s moat is derived from its regional banking presence, customer relationships, and diversified financial services. Its established market position in its operating regions and community banking focus provide competitive advantages. The company’s liquidity and capital position support its ability to serve customers and manage credit risk effectively.

Risks overview
Risks summary
The primary risks relate to regional economic conditions affecting credit quality and the competitive banking environment impacting profitability.
Risks details:

• Economic and Credit Risk: Regional economic conditions and credit quality can impact loan performance and profitability.
• Liquidity and Funding Risk: While cash and equivalents are strong, limited disclosure on other current assets and liabilities may pose liquidity monitoring challenges.
• Competitive Environment: Competition from larger banks and fintech firms may pressure margins and customer retention.

FINAL FORECAST FOR ONB

Final take one line
Old National Bancorp exhibits very high visibility with detailed recent financial disclosures and strong liquidity, supported by extensive earnings call and news coverage.
Final take 12 to 24 month view

Business trends: The company shows record quarterly earnings and profit growth with strong liquidity as of Q3 2026.
Execution milestones: Detailed earnings calls and SEC filings provide transparency into financial performance and risk factors.
Key risks: Regional economic conditions, credit risk, and competitive pressures remain primary challenges.

Valye AI Visibility Research Score

Very high visibility

Visibility score reflects the breadth and consistency of available disclosure across SEC filings, recent public reporting, and baseline business context (research-only; not investment advice).

80
LLM visibility overview
LLM Visibility known facts
  • Old National Bancorp operates as a financial institution providing banking services.
  • The company reported record third quarter 2026 results, indicating strong recent financial performance [N1].
  • Q3 2026 earnings call transcripts and detailed discussions are publicly available, providing insight into company operations and financial metrics [N2][N3].
  • Q3 2026 profit increased compared to prior periods [N5].
  • Q3 2026 earnings matched company expectations [N6].
  • As of September 30, 2026, the company held approximately $1.679 billion in cash and cash equivalents according to its 10-Q filing [S2].
  • Net income for the quarter ending September 30, 2026, was approximately $254 million as reported in the 10-Q filing [S2].
  • The company’s earnings per share data from 2010 is available but not current; no recent EPS disclosed in SEC snapshot [S2].
  • The company’s liquidity snapshot as of September 30, 2026, shows strong cash position but other current asset and liability details are not disclosed [S2].
  • The company has publicly disclosed risk factors in its 10-K and 10-Q filings [S1][S2].
Sources
Sources - Context summary

Generated 2026-10-28

Sources - Earning calls
  • N2
Sources - Other context
Sources - SEC Filings
  • S1 | 2026-02-19 | 10-K
  • S2 | 2026-10-28 | 10-Q
Sources - News headlines
  • N1 | 2026-10-21 | www.nasdaq.com | Old National Bancorp Reports Record Third Quarter 2026 Results | https://www.nasdaq.com/articles/old-national-bancorp-reports-record-third-quarter-2026-results
  • N2 | 2026-10-21 | www.nasdaq.com | Old National (ONB) Q3 2026 Earnings Call Transcript | https://www.nasdaq.com/articles/old-national-onb-q3-2026-earnings-call-transcript
  • N3 | 2026-10-21 | www.nasdaq.com | What Old National Bancorp (ONB) Said on Its Q3 Earnings Call | https://www.nasdaq.com/articles/what-old-national-bancorp-onb-said-its-q3-earnings-call
  • N4 | 2026-10-21 | www.nasdaq.com | Old National Bancorp (ONB) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates | https://www.nasdaq.com/articles/old-national-bancorp-onb-q3-earnings-taking-look-key-metrics-versus-estimates
  • N5 | 2026-10-21 | www.nasdaq.com | Old National Bancorp Q3 Profit Rises | https://www.nasdaq.com/articles/old-national-bancorp-q3-profit-rises
  • N6 | 2026-10-21 | www.nasdaq.com | Old National Bancorp (ONB) Q3 Earnings Match Estimates | https://www.nasdaq.com/articles/old-national-bancorp-onb-q3-earnings-match-estimates
  • N7 | 2026-10-20 | www.nasdaq.com | Countdown to Old National Bancorp (ONB) Q3 Earnings: A Look at Estimates Beyond Revenue and EPS | https://www.nasdaq.com/articles/countdown-old-national-bancorp-onb-q3-earnings-look-estimates-beyond-revenue-and-eps
  • N8 | 2026-10-15 | www.nasdaq.com | Civista Bancshares (CIVB) Reports Next Week: Wall Street Expects Earnings Growth | https://www.nasdaq.com/articles/civista-bancshares-civb-reports-next-week-wall-street-expects-earnings-growth
Important legal disclaimer

This material is for informational purposes only and does not constitute investment, financial, legal or tax advice, or an offer or solicitation to buy or sell any security. The Valye AI Score is a model-based estimate derived from public information and is subject to change without notice. No representation or warranty, express or implied, is made as to the accuracy, completeness or fairness of the information herein. Past performance is not indicative of future results. Investors should conduct their own research and consult a qualified financial adviser before making any investment decisions.

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