OLD NATIONAL BANCORP /IN/

ONB, ONBPO, ONBPP · National Commercial Banks · 386.4M shares · +14%/yr ↑ shares · EDGAR filings ↗

Net buyback after stock comp: $16M (gross $44M, SBC $28M)

Reference price $25.95 · est. market cap ~$10.0B — last insider sale, 2026-02-26 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)

Grade

C64

Old National Bancorp — Midwest regional with below-median ROE.

Strengths

Strong cash (94th pct) and FCF (91st)
Scale across the Midwest

Risks

ROE 7.9% (26th pct) weak
Integration overhang
CRE/credit exposure

Notable findings

Exec changeRecent 8-K item 5.02 8-K ↗
Strong balance sheetStrong balance sheet — $1.8B cash & investments
Insider sellingInsider selling — 3 open-market sale(s) by 2 insider(s) (cluster of 2 insiders, ~$51M, last 6mo) Form 4 ↗

Quarterly revenue

2021-03-31 · $30M2021-06-30 · $32M2021-09-30 · $32M2021-12-31 · $31M

Last 4 quarters · from SEC filings.

Key metrics

Return on equity

7.9%

Return on assets

0.9%

Revenue growth (QoQ)

-0.9%

Net-income growth

24.1%

Free cash flow

$637M

Tangible book value

$5.6B

Cash & investments

$1.8B

Insider transactions · last 18 months

Date	Insider	Type	Shares	Price
2026-04-01	Putnam Angela L	Tax withheld	4.8K	$22.33
2026-04-01	Putnam Angela L	Grant	7.2K	—
2026-03-31	Evernham Scott J	Other	43	$21.00
2026-03-31	ALAHMAR CHADY M.	Other	86	$21.00
2026-03-31	Ryan James C III	Other	29	$21.00
2026-03-15	Sandgren James A	Grant	35K	—
2026-03-15	Sandgren James A	Tax withheld	17K	$21.51
2026-03-15	Ryan James C III	Grant	186K	—
2026-03-15	Ryan James C III	Tax withheld	89K	$21.51
2026-03-15	Moran John V	Grant	12K	—
2026-03-15	Moran John V	Tax withheld	6.1K	$21.51
2026-03-15	Evernham Scott J	Grant	14K	—
2026-03-15	Evernham Scott J	Tax withheld	6.8K	$21.51
2026-03-15	Chulos Nicholas J	Grant	14K	—
2026-03-15	Chulos Nicholas J	Tax withheld	5.0K	$21.51
2026-03-15	ALAHMAR CHADY M.	Grant	18K	—
2026-03-15	ALAHMAR CHADY M.	Tax withheld	9.7K	$21.51
2026-03-15	Vanzo Kendra L	Grant	19K	—
2026-03-15	Vanzo Kendra L	Tax withheld	8.8K	$21.51
2026-03-15	TISCHLER BRENT R	Grant	17K	—
2026-03-15	TISCHLER BRENT R	Tax withheld	8.8K	$21.51
2026-03-01	BURKE TIMOTHY M JR	Grant	23K	—
2026-03-01	Vanzo Kendra L	Tax withheld	4.7K	$23.10
2026-03-01	Vanzo Kendra L	Grant	9.5K	—
2026-03-01	TISCHLER BRENT R	Tax withheld	4.4K	$23.10
2026-03-01	TISCHLER BRENT R	Grant	7.5K	—
2026-03-01	Sandgren James A	Tax withheld	8.2K	$23.10
2026-03-01	Sandgren James A	Grant	15K	—
2026-03-01	Ryan James C III	Tax withheld	30K	$23.10
2026-03-01	Ryan James C III	Grant	67K	—
2026-03-01	Moran John V	Tax withheld	6.5K	$23.10
2026-03-01	Moran John V	Grant	20K	—
2026-03-01	GOLDFEDER CARRIE S	Tax withheld	3.7K	$23.10
2026-03-01	GOLDFEDER CARRIE S	Grant	10.0K	—
2026-03-01	Evernham Scott J	Tax withheld	5.6K	$23.10
2026-03-01	Evernham Scott J	Grant	11K	—
2026-03-01	Chulos Nicholas J	Tax withheld	5.2K	$23.10
2026-03-01	Chulos Nicholas J	Grant	10K	—
2026-03-01	ALAHMAR CHADY M.	Tax withheld	4.9K	$23.10
2026-03-01	ALAHMAR CHADY M.	Grant	7.8K	—
2026-02-26	Otto Bremer Trust	Sell	1.9M	$25.95
2026-02-03	Chulos Nicholas J	Sell	15K	$25.05
2026-02-03	Chulos Nicholas J	Sell	15K	$25.05
2026-01-01	GOLDFEDER CARRIE S	Tax withheld	2.8K	$22.31
2025-12-31	Evernham Scott J	Other	42	$21.20
2025-12-31	Ryan James C III	Other	28	$21.20
2025-12-31	ALAHMAR CHADY M.	Other	85	$21.20
2025-12-04	Sandgren James A	Gift	4.5K	—
2025-12-04	Ryan James C III	Gift	9.0K	—
2025-11-13	Skillman Rebecca S	Grant	4.8K	$20.79
2025-11-13	REARDON DANIEL C	Grant	4.8K	$20.79
2025-11-13	Ramirez Austin M	Grant	4.8K	$20.79
2025-11-13	Hermann Daniel S	Grant	8.2K	$20.79
2025-11-13	RUDNICK ELLEN A	Grant	4.8K	$20.79
2025-09-30	ALAHMAR CHADY M.	Other	86	$20.85
2025-09-30	Ryan James C III	Other	29	$20.85
2025-09-30	Evernham Scott J	Other	43	$20.85
2025-09-01	TISCHLER BRENT R	Tax withheld	2.1K	$22.89
2025-09-01	Moran John V	Tax withheld	2.1K	$22.89
2025-08-01	BURKE TIMOTHY M JR	Grant	33K	—
2025-06-30	Ryan James C III	Other	26	$20.27
2025-06-30	Ryan James C III	Other	29	$20.27
2025-06-30	Evernham Scott J	Other	44	$20.27
2025-06-30	ALAHMAR CHADY M.	Other	89	$20.27
2025-05-16	Sander Mark G	Sell	60K	$22.11
2025-05-15	Sander Mark G	Sell	7.0K	$22.45
2025-04-01	Putnam Angela L	Tax withheld	7.3K	$21.02
2025-04-01	Putnam Angela L	Grant	6.5K	—
2025-03-31	Evernham Scott J	Other	45	$20.13
2025-03-31	Ryan James C III	Other	30	$20.13
2025-03-31	ALAHMAR CHADY M.	Other	89	$20.13
2025-03-21	Putnam Angela L	Tax withheld	2.6K	$21.20
2025-03-15	Ryan James C III	Tax withheld	85K	$20.96
2025-03-15	Moran John V	Grant	12K	—
2025-03-15	Moran John V	Tax withheld	5.7K	$20.96
2025-03-15	Evernham Scott J	Grant	13K	—
2025-03-15	Evernham Scott J	Tax withheld	6.4K	$20.96
2025-03-15	Chulos Nicholas J	Grant	12K	—
2025-03-15	Chulos Nicholas J	Tax withheld	4.0K	$20.96
2025-03-15	ALAHMAR CHADY M.	Grant	17K	—
2025-03-15	ALAHMAR CHADY M.	Tax withheld	9.3K	$20.96
2025-03-15	Vanzo Kendra L	Grant	17K	—
2025-03-15	Vanzo Kendra L	Tax withheld	8.5K	$20.96
2025-03-15	Sandgren James A	Grant	34K	—
2025-03-15	Sandgren James A	Tax withheld	16K	$20.96
2025-03-15	Sander Mark G	Grant	48K	—
2025-03-15	Sander Mark G	Tax withheld	23K	$20.96
2025-03-15	Ryan James C III	Grant	176K	—
2025-03-02	Moran John V	Tax withheld	1.5K	$23.75
2025-03-02	Chulos Nicholas J	Tax withheld	1.6K	$23.75
2025-03-02	Evernham Scott J	Tax withheld	1.7K	$23.75
2025-03-02	Sander Mark G	Tax withheld	3.8K	$23.75
2025-03-02	Sandgren James A	Tax withheld	2.7K	$23.75
2025-03-02	ALAHMAR CHADY M.	Tax withheld	1.7K	$23.75
2025-03-02	Ryan James C III	Tax withheld	9.2K	$23.75
2025-03-02	Vanzo Kendra L	Tax withheld	1.5K	$23.75
2025-03-01	GOLDFEDER CARRIE S	Tax withheld	2.2K	$23.75
2025-03-01	Evernham Scott J	Tax withheld	7.1K	$23.75
2025-03-01	TISCHLER BRENT R	Tax withheld	4.8K	$23.75
2025-03-01	Chulos Nicholas J	Tax withheld	6.2K	$23.75
2025-03-01	Moran John V	Grant	20K	—
2025-03-01	Moran John V	Tax withheld	5.7K	$23.75
2025-03-01	Chulos Nicholas J	Grant	10K	—
2025-03-01	GOLDFEDER CARRIE S	Grant	10K	—
2025-03-01	Evernham Scott J	Grant	11K	—
2025-03-01	Sander Mark G	Grant	22K	—
2025-03-01	Sander Mark G	Tax withheld	17K	$23.75
2025-03-01	Sandgren James A	Grant	15K	—
2025-03-01	Sandgren James A	Tax withheld	13K	$23.75
2025-03-01	ALAHMAR CHADY M.	Grant	7.9K	—
2025-03-01	ALAHMAR CHADY M.	Tax withheld	5.1K	$23.75
2025-03-01	Ryan James C III	Grant	59K	—
2025-03-01	Ryan James C III	Tax withheld	40K	$23.75
2025-03-01	Vanzo Kendra L	Grant	9.3K	—
2025-03-01	Vanzo Kendra L	Tax withheld	6.7K	$23.75
2025-03-01	TISCHLER BRENT R	Grant	7.6K	—
2025-02-06	Sandgren James A	Gift	2.1K	—
2025-02-05	Ryan James C III	Gift	4.2K	—
2025-01-02	GOLDFEDER CARRIE S	Tax withheld	2.7K	$21.70
2024-12-31	Moran John V	Other	303	$20.61
2024-12-31	Ryan James C III	Other	29	$20.61
2024-12-31	ALAHMAR CHADY M.	Other	87	$20.61
2024-12-31	Evernham Scott J	Other	44	$20.61

All non-derivative Form 4 activity (SEC), newest first.

Notable events (8-K)

Date	Items
2026-05-18	Shareholder vote	filing ↗
2026-05-13	OtherExhibits	filing ↗
2026-05-06	Reg FDExhibits	filing ↗
2026-04-22	ResultsExhibits	filing ↗
2026-02-19	Exec/director change5.03OtherExhibits	filing ↗
2026-02-09	Reg FDExhibits	filing ↗
2026-01-29	Material agreementDebt obligationExhibits	filing ↗
2026-01-22	OtherExhibits	filing ↗

Recent filings

Form	Filed	Period	Accession
8-K	2026-05-18	2026-05-13	0001628280-26-035975 ↗
8-K	2026-05-13	2026-05-13	0001628280-26-034664 ↗
8-K	2026-05-06	2026-05-06	0001628280-26-031184 ↗
10-Q	2026-04-29	2026-03-31	0000707179-26-000038 ↗
8-K	2026-04-22	2026-04-22	0001628280-26-026389 ↗
10-K	2026-02-19	2025-12-31	0000707179-26-000010 ↗
8-K	2026-02-19	2026-02-17	0001628280-26-009526 ↗
8-K	2026-02-09	2026-02-09	0001628280-26-006449 ↗
8-K	2026-01-29	2026-01-26	0001104659-26-007980 ↗
8-K	2026-01-22	2026-01-22	0001104659-26-005623 ↗
8-K	2026-01-21	2026-01-21	0001628280-26-002789 ↗
8-K	2025-12-03	2025-12-03	0001628280-25-054948 ↗