ONB FY 2025 Earnings Report — Old National Bancorp Revenue & Financial Results | Market Cap Arena

Old National BancorpONB

FY 2025 Earnings

Reported February 19, 2026

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2025	Prior Q	FY 2024	QoQ Change	YoY Change
Revenue	$3.7B	—	$3.0B	—	25.5%
Op. Income	$874M	—	$680M	—	28.5%
Gross Margin	63.6%	—	60.0%	—	3.6pp
Net Margin	18.0%	—	18.2%	—	-0.2pp
EPS (Diluted)	$1.79	—	$1.68	—	6.5%
Free Cash Flow	$637M	—	$592M	—	7.7%

Revenue Flow

Item	Amount
REVENUE	$3.7B
Cost of Revenue	$1.4B
GROSS PROFIT	$2.4B
R&D Expenses	$0
Selling & Marketing	$55M
General & Administrative	$1.0B
SG&A Expenses	$1.1B
Other Expenses	$386M
Operating Expenses	$1.5B
Cost & Expenses	$2.8B
OPERATING INCOME	$874M
Interest Income	$3.3B
Interest Expense	$1.2B
Other Income/Expenses	-$33M
INCOME BEFORE TAX	$841M
Income Tax Expense	$172M
Net Income from Continuing Ops	$669M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$669M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$653M
D&A	$104M
EBIT	$874M
EBITDA	$978M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$3.7B
Cost of Revenue	$1.4B
GROSS PROFIT	$2.4B
R&D Expenses	$0
Selling & Marketing	$55M
General & Administrative	$1.0B
SG&A Expenses	$1.1B
Other Expenses	$386M
Operating Expenses	$1.5B
Cost & Expenses	$2.8B
OPERATING INCOME	$874M
Interest Income	$3.3B
Interest Expense	$1.2B
Other Income/Expenses	-$33M
INCOME BEFORE TAX	$841M
Income Tax Expense	$172M
Net Income from Continuing Ops	$669M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$669M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$653M
D&A	$104M
EBIT	$874M
EBITDA	$978M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$669M
Depreciation & Amortization	$124M
Stock-Based Compensation	$38M
Deferred Income Tax	$0
Other Non-Cash Items	$49M
Change in Working Capital	-$199M
OPERATING CASH FLOW	$681M
Capital Expenditure	-$44M
Acquisitions (Net)	$137M
Purchases of Investments	-$4.6B
Sales/Maturities of Investments	$4.0B
Other Investing Activities	-$1.2B
NET CASH FROM INVESTING	-$1.8B
Net Debt Issuance	$202M
Common Stock Repurchased	-$72M
Common Dividends Paid	-$225M
Other Financing Activities	$1.4B
NET CASH FROM FINANCING	$1.8B
FREE CASH FLOW	$637M
Net Change in Cash	$598M

Balance Sheet

Item	Amount
Cash & Equivalents	$592M
Short-Term Investments	$1.2B
Net Receivables	$48.2B
Inventory	$0
Other Current Assets	$53M
TOTAL CURRENT ASSETS	$50.1B
PP&E (Net)	$691M
Goodwill	$2.4B
Intangible Assets	$482M
Long-Term Investments	$14.9B
Tax Assets	$0
Other Non-Current Assets	$3.6B
TOTAL NON-CURRENT ASSETS	$22.1B
TOTAL ASSETS	$72.2B
Account Payables	$0
Short-Term Debt	$3.0B
Deferred Revenue	$0
Other Current Liabilities	$52.5B
TOTAL CURRENT LIABILITIES	$56.6B
Long-Term Debt	$4.5B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$145M
Other Non-Current Liabilities	$56.0B
TOTAL NON-CURRENT LIABILITIES	$7.1B
TOTAL LIABILITIES	$63.7B
Common Stock	$390M
Additional Paid-In Capital	$5.9B
Retained Earnings	$2.4B
Treasury Stock	$0
Accum. Other Comp. Income	-$479M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$8.5B
Minority Interest	$0
TOTAL EQUITY	$8.5B
TOTAL LIABILITIES & EQUITY	$72.2B
Total Debt	$7.7B
Net Debt	$7.1B