OLD NATIONAL BANCORP /IN/
In the published model solve dated 2026-Q2, anchored at $26.99, OLD NATIONAL BANCORP /IN/ (ONB) is priced for 11.8% return on equity. boothcheck publishes no house fair value, target price, or buy/sell rating; individual model outputs and user-controlled scenarios are analytical inputs, not Boothcheck targets. The narrative was composed June 27, 2026 from SEC EDGAR filings.
At $24.76 Old National trades above the methods, not below them. The supported range runs from about $10 to $15 with a base near $13, and the price sits above the top of that band. The market is paying a premium for the post-Bremer earnings power the bank just demonstrated. The demonstrated quarter is genuinely strong. Q1 2026 brought $0.59 diluted EPS ($0.61 adjusted), a return on average tangible common equity of 18.4%, an efficiency ratio of 45.7%, and 8% annualized loan growth. Management i
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418 institutional managers reported holding ONB in 13F filings for the quarter ended 2026-03-31. Together they hold about 95% of the company; the top 10 hold 61%. 65 opened new positions that quarter. Held by BlackRock, Vanguard Group, FMR (Fidelity), among others. On the short side, 21.8M shares were sold short as of the 2026-06-15 count, about 6% of shares outstanding (6.1 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
ONB's share count grew 133.6% over the past five years even with $300.67M spent on repurchases. It pays a dividend, and has paid one every year in our records (17 and counting); the current rate is $0.56 a share annually. Cash returned over the past three years: $566.32M in dividends and $185.25M in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
Open-market insider buys at ONB over the trailing three years: 2023: 2 buys totaling $0k. 21 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
ONB's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-08-03 | +9.4% | -16.3% |
| 2023-11-02 | -0.1% | +18.1% |
| 2024-02-23 | +0.8% | +1.0% |
| 2024-05-02 | +0.8% | -0.2% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
ONB's latest 8-K filings: 2026-08-05 (items 7.01, 9.01); 2026-07-22 (items 2.02, 9.01); 2026-05-18 (items 5.07); 2026-05-13 (items 8.01, 9.01); 2026-05-06 (items 7.01, 9.01).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: June 27, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.