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Old National Bancorp logo

Old National Bancorp

ir.oldnational.com

What Do They Do?

Provides loans, deposit accounts, and wealth and capital markets services to individuals and businesses.

How Do They Make Money?

It earns interest from loans and fees for loan origination, deposit accounts, and other services. Wealth-management fees are billed monthly or quarterly; transaction-based fees apply when transactions occur, while account-maintenance fees are earned over the month.

FY2025 revenue

Who Are Their Customers?

Individuals and commercial clients use Old National’s banking centers, online banking, and mobile services for loans, deposits, wealth management, and business services.

Do Revenues Turn Into Profits?

Yes. It kept 20 cents of every revenue dollar as net income in FY2025 and turned 19 cents into free cash flow.

Net income, FY2025
20% of revenue
▲ +24% vs FY2024 ($539.2M, 21%)
Free cash flow, FY2025
19% of revenue
▲ +8% vs FY2024 ($592M, 23%)

How Are They Changing?

Since the FY2025 annual report
Latest quarter: Q2 FY2026, the three months to Jun 30, 2026
Revenue
▲ +8%
vs $825M in Q2 FY2025
Net income
▲ +102%
vs $125.4M in Q2 FY2025

Growing. Revenue grew 26.0x in 4 years, from $125.6M in FY2021 to $3.3B in FY2025, about 126% a year.

Broader regional footprint The latest report describes expansion through the Midwest and Southeast; the earlier profile described services primarily throughout the Midwest and elsewhere.

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