Old National Bancorp (NASDAQ: ONB) is a Midwest-focused regional bank holding company that accepts deposits and originates loans across commercial, small business, and consumer segments. It earns money primarily through net interest income, the spread between interest earned on loans and investments and interest paid on deposits, supplemented by fee-based income from services such as wealth management and treasury management. ONB is listed on the NASDAQ Global Select Market and, based on its 10-K filed February 19, 2026, recently completed a merger with Bremer Financial Corporation, expanding its Midwest footprint. The company serves consumer, small business, and commercial customers, with small business credit handled through a dedicated business banking credit center. As of January 31, 2026, ONB had shares of common stock outstanding, and its common stock held by non-affiliates was valued at a closing price of $21.34 on June 30, 2025.

Revenue model

Net interest income from the spread on loans and deposits, plus fee income from wealth management, treasury management, and other banking services.

Products and services

Commercial loans, small business loans (BBCC channel), consumer loans, deposit accounts (including NOW accounts), wealth management, treasury management, and investment tax credit financing (LIHTC, NMTC, Federal Historic Tax Credit, Renewable Energy tax credits).

Customers and end markets

Consumer banking customers, small businesses, and commercial clients across the Midwest. End markets include residential real estate, commercial real estate, small business credit, and wealth management.

Value-chain role

Deposit-taking and lending intermediary; originates and holds loans, manages deposit funding, and provides fee-based financial services.

Geographic exposure

Midwest United States, with expanded presence following the merger with Bremer Financial Corporation (Minnesota and upper Midwest footprint).

Source: SEC 10-K, filed 2026-02-19

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