Old National Bancorp
Old National Bancorp operates as the bank holding company for Old National Bank that provides consumer and commercial banking services in the United States. It accepts deposit accounts, such as noninterest-bearing demand, interest-bearing checking and negotiable order of withdrawal, savings and money market, and time deposits. The company also offers loans, including home equity lines of credit, … Read more
Old National Bancorp (ONB) - Net Assets
Latest net assets as of December 2025: $8.49 Billion USD
Based on the latest financial reports, Old National Bancorp (ONB) has net assets worth $8.49 Billion USD as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($72.15 Billion) and total liabilities ($63.66 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $8.49 Billion |
| % of Total Assets | 11.77% |
| Annual Growth Rate | 11.4% |
| 5-Year Change | 182.03% |
| 10-Year Change | 368.18% |
| Growth Volatility | 14.76 |
Old National Bancorp - Net Assets Trend (1989–2025)
This chart illustrates how Old National Bancorp's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Old National Bancorp (1989–2025)
The table below shows the annual net assets of Old National Bancorp from 1989 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $8.49 Billion | +33.98% |
| 2024-12-31 | $6.34 Billion | +13.98% |
| 2023-12-31 | $5.56 Billion | +8.47% |
| 2022-12-31 | $5.13 Billion | +70.27% |
| 2021-12-31 | $3.01 Billion | +1.32% |
| 2020-12-31 | $2.97 Billion | +4.21% |
| 2019-12-31 | $2.85 Billion | +6.06% |
| 2018-12-31 | $2.69 Billion | +24.84% |
| 2017-12-31 | $2.15 Billion | +18.74% |
| 2016-12-31 | $1.81 Billion | +21.68% |
| 2015-12-31 | $1.49 Billion | +1.74% |
| 2014-12-31 | $1.47 Billion | +26.07% |
| 2013-12-31 | $1.16 Billion | -2.67% |
| 2012-12-31 | $1.19 Billion | +15.58% |
| 2011-12-31 | $1.03 Billion | +17.61% |
| 2010-12-31 | $878.80 Million | +4.15% |
| 2009-12-31 | $843.83 Million | +15.46% |
| 2008-12-31 | $730.87 Million | +11.94% |
| 2007-12-31 | $652.88 Million | +1.64% |
| 2006-12-31 | $642.37 Million | -1.16% |
| 2005-12-31 | $649.90 Million | -7.58% |
| 2004-12-31 | $703.21 Million | -1.72% |
| 2003-12-31 | $715.49 Million | -19.67% |
| 2002-12-31 | $890.71 Million | +29.23% |
| 2001-12-31 | $689.24 Million | +1.91% |
| 2000-12-31 | $676.34 Million | +15.61% |
| 1999-12-31 | $585.00 Million | +12.59% |
| 1998-12-31 | $519.60 Million | +9.30% |
| 1997-12-31 | $475.40 Million | +3.69% |
| 1996-12-31 | $458.50 Million | +7.10% |
| 1995-12-31 | $428.10 Million | +17.00% |
| 1994-12-31 | $365.90 Million | +15.94% |
| 1993-12-31 | $315.60 Million | +21.06% |
| 1992-12-31 | $260.70 Million | +27.36% |
| 1991-12-31 | $204.70 Million | +3.38% |
| 1990-12-31 | $198.00 Million | +13.60% |
| 1989-12-31 | $174.30 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Old National Bancorp's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 100.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $8.97 Billion | 105.63% |
| Other Comprehensive Income | $-478.67 Million | -5.63% |
| Total Equity | $8.49 Billion | 100.00% |
Old National Bancorp Competitors by Market Cap
The table below lists competitors of Old National Bancorp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Wayfair Inc
NYSE:W
|
$8.32 Billion |
|
Inspur Electronic Info Industr
SHE:000977
|
$8.33 Billion |
|
Hindustan Aeronautics Limited
NSE:HAL
|
$8.34 Billion |
|
InCapta Inc
PINK:INCT
|
$8.34 Billion |
|
Popular Inc
NASDAQ:BPOP
|
$8.29 Billion |
|
Harmony Gold Mining Company Limited
NYSE:HMY
|
$8.29 Billion |
|
INVESCO Ltd.
LSE:0UAN
|
$8.29 Billion |
|
Sysmex Corporation
PINK:SSMXF
|
$8.29 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Old National Bancorp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 6,340,350,000 to 8,494,788,000, a change of 2,154,438,000 (34.0%).
- Net income of 669,257,000 contributed positively to equity growth.
- Other comprehensive income increased equity by 267,372,000.
- Other factors increased equity by 1,217,809,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $669.26 Million | +7.88% |
| Other Comprehensive Income | $267.37 Million | +3.15% |
| Other Changes | $1.22 Billion | +14.34% |
| Total Change | $- | 33.98% |
Book Value vs Market Value Analysis
This analysis compares Old National Bancorp's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.99x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 4.22x to 0.99x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1989-12-31 | $5.10 | $21.51 | x |
| 1990-12-31 | $5.18 | $21.51 | x |
| 1991-12-31 | $5.32 | $21.51 | x |
| 1992-12-31 | $5.01 | $21.51 | x |
| 1993-12-31 | $5.40 | $21.51 | x |
| 1994-12-31 | $5.60 | $21.51 | x |
| 1995-12-31 | $6.65 | $21.51 | x |
| 1996-12-31 | $7.69 | $21.51 | x |
| 1997-12-31 | $7.83 | $21.51 | x |
| 1998-12-31 | $8.17 | $21.51 | x |
| 1999-12-31 | $7.74 | $21.51 | x |
| 2000-12-31 | $8.56 | $21.51 | x |
| 2001-12-31 | $8.87 | $21.51 | x |
| 2002-12-31 | $10.48 | $21.51 | x |
| 2003-12-31 | $9.45 | $21.51 | x |
| 2004-12-31 | $10.04 | $21.51 | x |
| 2005-12-31 | $9.52 | $21.51 | x |
| 2006-12-31 | $9.69 | $21.51 | x |
| 2007-12-31 | $9.93 | $21.51 | x |
| 2008-12-31 | $11.11 | $21.51 | x |
| 2009-12-31 | $11.82 | $21.51 | x |
| 2010-12-31 | $10.11 | $21.51 | x |
| 2011-12-31 | $10.91 | $21.51 | x |
| 2012-12-31 | $12.34 | $21.51 | x |
| 2013-12-31 | $11.49 | $21.51 | x |
| 2014-12-31 | $13.53 | $21.51 | x |
| 2015-12-31 | $12.83 | $21.51 | x |
| 2016-12-31 | $14.14 | $21.51 | x |
| 2017-12-31 | $15.55 | $21.51 | x |
| 2018-12-31 | $17.18 | $21.51 | x |
| 2019-12-31 | $16.52 | $21.51 | x |
| 2020-12-31 | $17.89 | $21.51 | x |
| 2021-12-31 | $18.15 | $21.51 | x |
| 2022-12-31 | $18.54 | $21.51 | x |
| 2023-12-31 | $19.06 | $21.51 | x |
| 2024-12-31 | $20.39 | $21.51 | x |
| 2025-12-31 | $21.81 | $21.51 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Old National Bancorp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 7.88%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 18.04%
- • Asset Turnover: 0.05x
- • Equity Multiplier: 8.49x
- Recent ROE (7.88%) is below the historical average (10.01%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1989 | 12.74% | 10.50% | 0.10x | 12.53x | $4.77 Million |
| 1990 | 11.62% | 9.20% | 0.09x | 13.35x | $3.20 Million |
| 1991 | 13.24% | 10.86% | 0.09x | 13.17x | $6.63 Million |
| 1992 | 13.89% | 13.68% | 0.08x | 12.25x | $10.13 Million |
| 1993 | 13.47% | 14.97% | 0.08x | 11.77x | $10.94 Million |
| 1994 | 12.57% | 14.81% | 0.07x | 11.35x | $9.41 Million |
| 1995 | 12.59% | 12.98% | 0.09x | 11.27x | $11.09 Million |
| 1996 | 13.13% | 13.83% | 0.08x | 11.70x | $14.35 Million |
| 1997 | 13.22% | 12.98% | 0.09x | 11.92x | $15.38 Million |
| 1998 | 12.36% | 12.47% | 0.08x | 12.35x | $12.24 Million |
| 1999 | 16.64% | 15.00% | 0.08x | 13.82x | $38.86 Million |
| 2000 | 9.85% | 8.34% | 0.08x | 14.00x | $-938.10K |
| 2001 | 14.56% | 12.53% | 0.08x | 14.21x | $29.12 Million |
| 2002 | 15.92% | 16.80% | 0.07x | 12.98x | $43.86 Million |
| 2003 | 9.84% | 10.64% | 0.07x | 13.09x | $-1.14 Million |
| 2004 | 8.97% | 10.87% | 0.07x | 12.65x | $-7.26 Million |
| 2005 | 9.81% | 10.90% | 0.07x | 13.07x | $-1.23 Million |
| 2006 | 12.36% | 13.17% | 0.07x | 12.69x | $15.14 Million |
| 2007 | 11.47% | 12.15% | 0.08x | 12.02x | $9.60 Million |
| 2008 | 8.55% | 11.17% | 0.07x | 10.77x | $-10.61 Million |
| 2009 | 1.63% | 2.72% | 0.06x | 9.49x | $-70.65 Million |
| 2010 | 4.35% | 8.25% | 0.06x | 8.27x | $-49.67 Million |
| 2011 | 7.01% | 14.37% | 0.06x | 8.33x | $-30.90 Million |
| 2012 | 7.67% | 17.27% | 0.06x | 7.99x | $-27.78 Million |
| 2013 | 8.68% | 19.19% | 0.05x | 8.24x | $-15.34 Million |
| 2014 | 7.07% | 17.51% | 0.05x | 7.95x | $-42.90 Million |
| 2015 | 7.83% | 18.92% | 0.05x | 8.04x | $-32.40 Million |
| 2016 | 7.40% | 20.64% | 0.04x | 8.19x | $-47.18 Million |
| 2017 | 4.44% | 14.24% | 0.04x | 8.13x | $-119.71 Million |
| 2018 | 7.10% | 23.46% | 0.04x | 7.34x | $-78.13 Million |
| 2019 | 8.35% | 25.62% | 0.05x | 7.16x | $-47.04 Million |
| 2020 | 7.62% | 25.08% | 0.04x | 7.72x | $-70.86 Million |
| 2021 | 9.21% | 32.54% | 0.03x | 8.12x | $-23.66 Million |
| 2022 | 8.35% | 23.10% | 0.04x | 9.12x | $-84.57 Million |
| 2023 | 10.46% | 22.91% | 0.05x | 8.82x | $25.70 Million |
| 2024 | 8.50% | 18.24% | 0.06x | 8.45x | $-94.85 Million |
| 2025 | 7.88% | 18.04% | 0.05x | 8.49x | $-180.22 Million |
Industry Comparison
This section compares Old National Bancorp's net assets metrics with peer companies in the Banks - Regional industry.
Industry Context
- Industry: Banks - Regional
- Average net assets among peers: $16,924,188,763
- Average return on equity (ROE) among peers: 8.48%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Old National Bancorp (ONB) | $8.49 Billion | 12.74% | 7.49x | $8.32 Billion |
| Ameris Bancorp (ABCB) | $293.77 Million | 7.18% | 9.19x | $4.91 Billion |
| ACNB Corporation (ACNB) | $49.44 Million | 14.38% | 8.56x | $474.47 Million |
| Addiko Bank AG (ADBKF) | $851.70 Million | 0.16% | 5.94x | $210.07 Million |
| Affinity Bancshares Inc (AFBI) | $117.10 Million | 6.09% | 5.76x | $79.30 Million |
| Absa Group Limited (AGRPF) | $85.20 Billion | 14.06% | 10.26x | $6.72 Billion |
| AIB Group plc (AIBGY) | $13.66 Billion | 4.74% | 8.36x | $21.72 Billion |
| Akbank Turk Anonim Sirketi (AKBTY) | $62.92 Billion | 9.95% | 6.60x | $8.60 Billion |
| Alpha Bank SA (ALBKY) | $5.78 Billion | 1.48% | 10.55x | $1.12 Billion |
| Community Capital Bancshares Inc (ALBY) | $18.00 Million | 9.85% | 14.66x | $19.76 Million |
| Alpine Banks of Colorado (ALPIB) | $342.89 Million | 16.92% | 10.27x | $248.47 Million |