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Old National Valuation Multiples
Discover revenue and EBITDA valuation multiples for Old National and similar public comparables like Halyk Bank, Zions Bank, Banca Popolare di Sondrio, UMB Bank and more.
Old National Overview
About Old National
Old National Bancorp with almost $10 billion in assets following its latest acquisition, Old National Bancorp is a financial services bank holding company headquartered in Indiana. Based in Evansville, Ind., Old National owns multiple financial services operations in Indiana, Illinois, and Kentucky. The company provides a group of similar community banking services, including such products and services as commercial, real estate, and consumer loans; deposits; and brokerage, trust, and investment advisory services.
Founded
1982
HQ
Employees
4.1K
Website
Sectors
Financials (LTM)
EV
$17B
Old National Financials
Old National reported last 12-month revenue of $3B.
In the same LTM period, Old National generated $756M in net income.
Revenue (LTM)
Old National P&L
In the most recent fiscal year, Old National reported revenue of $3B and net income of $669M.
Old National expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $3B | XXX | $3B | XXX | XXX | XXX |
| EBIT Margin | 49% | XXX | 48% | XXX | XXX | XXX |
| Net Profit | $756M | XXX | $669M | XXX | XXX | XXX |
| Net Margin | 28% | XXX | 26% | XXX | XXX | XXX |
| Net Debt | — | — | $5B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Old National Stock Performance
Old National has current market cap of $9B, and enterprise value of $17B.
Market Cap Evolution
Old National's stock price is $23.96.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $17B | $9B | 0.0% | XXX | XXX | XXX | $1.73 |
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Start Free TrialOld National Valuation Multiples
Old National trades at 6.2x EV/Revenue multiple.
EV / Revenue (LTM)
Old National Financial Valuation Multiples
As of April 19, 2026, Old National has market cap of $9B and EV of $17B.
Equity research analysts estimate Old National's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Old National has a P/E ratio of 12.2x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $9B | XXX | $9B | XXX | XXX | XXX |
| EV (current) | $17B | XXX | $17B | XXX | XXX | XXX |
| EV/Revenue | 6.2x | XXX | 6.5x | XXX | XXX | XXX |
| EV/EBIT | 12.8x | XXX | 13.6x | XXX | XXX | XXX |
| P/E | 12.2x | XXX | 13.8x | XXX | XXX | XXX |
| EV/FCF | — | XXX | 26.0x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Old National Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
Old National Margins & Growth Rates
Old National's revenue in the last 12 month grew by 11%.
Old National's revenue per employee in the last FY averaged $0.6M, while opex per employee averaged $0.3M for the same period.
Old National Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 11% | XXX | 14% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.6M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.3M | XXX | XXX | XXX |
| S&M Expenses to Revenue | 3% | XXX | 3% | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 31% | XXX | XXX | XXX |
| Opex to Revenue | 52% | XXX | 53% | XXX | XXX | XXX |
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Old National Public Comps
See public comps and valuation multiples for other Commercial Banking comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Old National | XXX | XXX | XXX | XXX | XXX | XXX |
| Halyk Bank | XXX | XXX | XXX | XXX | XXX | XXX |
| Zions Bank | XXX | XXX | XXX | XXX | XXX | XXX |
| Banca Popolare di Sondrio | XXX | XXX | XXX | XXX | XXX | XXX |
| UMB Bank | XXX | XXX | XXX | XXX | XXX | XXX |
| RHB Bank | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Old National M&A Activity
Old National acquired XXX companies to date.
Last acquisition by Old National was on XXXXXXXX, XXXXX. Old National acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Old National
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialOld National Investment Activity
Old National invested in XXX companies to date.
Old National made its latest investment on XXXXXXXX, XXXXX. Old National invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Old National
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Old National
| When was Old National founded? | Old National was founded in 1982. |
| Where is Old National headquartered? | Old National is headquartered in United States. |
| How many employees does Old National have? | As of today, Old National has over 4K employees. |
| Who is the CEO of Old National? | Old National's CEO is James A. Sandgren. |
| Is Old National publicly listed? | Yes, Old National is a public company listed on Nasdaq. |
| What is the stock symbol of Old National? | Old National trades under ONB ticker. |
| When did Old National go public? | Old National went public in 1984. |
| Who are competitors of Old National? | Old National main competitors are Halyk Bank, Zions Bank, Banca Popolare di Sondrio, UMB Bank. |
| What is the current market cap of Old National? | Old National's current market cap is $9B. |
| What is the current revenue of Old National? | Old National's last 12 months revenue is $3B. |
| What is the current revenue growth of Old National? | Old National revenue growth (NTM/LTM) is 11%. |
| What is the current EV/Revenue multiple of Old National? | Current revenue multiple of Old National is 6.2x. |
| Is Old National profitable? | Yes, Old National is net-income-positive (as of the last 12 months). |
| What is the current net income of Old National? | Old National's last 12 months net income is $756M. |
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