Old National Bancorp (ONB) financial statements
Old National Bancorp reported revenue of $2.5B in fiscal 2025, up 38.2% a year over 9 years.
Net income was $669M.
Free cash flow was $637M, and the company returned $225M in dividends and $72M in net buybacks.
The diluted share count rose 185% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Old National Bancorp's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $137M | $122M | $127M | $131M | $118M | $126M | $1.7B | $1.8B | $1.9B | $2.5B |
| Interest expense | $44M | $58M | $94M | $126M | $67M | $42M | $126M | $704M | — | — |
| Pre-tax income | $200M | $169M | $209M | $290M | $256M | $339M | $545M | $751M | $680M | $841M |
| Income tax | $66M | $73M | $18M | $52M | $29M | $61M | $116M | $169M | $141M | $172M |
| Net income | $134M | $96M | $191M | $238M | $226M | $278M | $428M | $582M | $539M | $669M |
| EPS (diluted) | $1.05 | $0.69 | $1.22 | $1.38 | $1.36 | $1.67 | $1.50 | $1.94 | $1.68 | $1.79 |
| Diluted shares | 128M | 139M | 157M | 173M | 166M | 166M | 277M | 292M | 311M | 365M |
| Net margin | 97.8% | 78.2% | 149.8% | 182.1% | 191.2% | 220.9% | 24.8% | 31.7% | 28.6% | 26.5% |
Balance sheet
Fiscal years, from Old National Bancorp's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $256M | $290M | $317M | $276M | $590M | $822M | $728M | $1.2B | $1.2B | $1.8B |
| Property, plant and equipment | $430M | $458M | $486M | $491M | $464M | $476M | $557M | $565M | $589M | $691M |
| Goodwill | $655M | $828M | $1.0B | $1.0B | $1.0B | $1.0B | $2.0B | $2.0B | $2.2B | $2.4B |
| Total assets | $14.9B | $17.5B | $19.7B | $20.4B | $23.0B | $24.5B | $46.8B | $49.1B | $53.6B | $72.2B |
| Long-term debt | $1.4B | $1.6B | $1.6B | — | — | — | — | — | — | — |
| Total liabilities | $13.0B | $15.4B | $17.0B | $17.6B | $20.0B | $21.4B | $41.6B | $43.5B | $47.2B | $63.7B |
| Shareholders' equity | $1.8B | $2.2B | $2.7B | $2.9B | $3.0B | $3.0B | $5.1B | $5.6B | $6.3B | $8.5B |
| Net debt | $1.1B | $1.3B | $1.3B | -$276M | -$590M | -$822M | -$728M | -$1.2B | -$1.2B | -$1.8B |
Cash flow
Fiscal years, from Old National Bancorp's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $25M | $250M | $234M | $234M | $220M | $330M | $814M | $516M | $622M | $681M |
| Capital spending | $225M | $37M | $33M | $37M | $31M | $49M | $38M | $38M | $30M | $44M |
| Free cash flow | -$200M | $213M | $201M | $196M | $189M | $282M | $777M | $478M | $592M | $637M |
| Stock-based compensation | $7M | $6M | $8M | $8M | $8M | $7M | $29M | $28M | $32M | $38M |
| Dividends paid | $68M | $73M | $82M | $89M | $93M | $93M | $178M | $180M | $191M | $225M |
| Share buybacks (net) | -$2M | -$3M | -$2M | -$102M | -$82M | -$4M | -$71M | -$44M | -$9M | -$72M |
| Free cash flow margin | -145.6% | 173.8% | 157.8% | 150.1% | 159.5% | 224.2% | 44.9% | 26.0% | 31.4% | 25.2% |
| Dividends per share | $0.53 | $0.52 | $0.52 | $0.52 | $0.56 | $0.56 | $0.64 | $0.62 | $0.61 | $0.62 |
Questions
What was Old National Bancorp's revenue in 2025?
$2.5B in fiscal 2025, from its 10-K filing.
How much free cash flow does Old National Bancorp generate?
$637M in fiscal 2025 (operating cash flow minus capital spending).
From Old National Bancorp's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.