Is Old National Bancorp (NASDAQ:ONB) a buy in 2026?
Yes, on balance. The Compass leans toward accumulating Old National Bancorp at current levels.
A 192-year-old Midwest bank quietly built itself into a $70B regional powerhouse, and the market still prices it like a sleepy thrift.
Where ONB is headed
Old National in 2028 looks almost nothing like the Evansville community bank most investors still picture. The CapStar deal closed in 2024, the Bremer Financial merger closed in mid-2025, and the combined balance sheet now sits near $70 billion in assets with a deposit footprint stretching from Minneapolis through Chicago, Indianapolis, Nashville and into the Twin Cities wealth corridor. The +46% revenue jump in the TTM figures is the Bremer numbers landing on the income statement. The real story is what happens once the cost synergies (management guided $120M+ annualised) flow through alongside a normalising rate curve.
Read the full Compass Direction on ONB
The complete destination call, the overlooked angle, milestones, and bull, base, and bear price scenarios (around $23.77).
See the full ONB analysisGet calls like this, free
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Frequently asked questions
Is Old National Bancorp (NASDAQ:ONB) a buy in 2026?
Yes, on balance. The Compass leans toward accumulating Old National Bancorp at current levels. A 192-year-old Midwest bank quietly built itself into a $70B regional powerhouse, and the market still prices it like a sleepy thrift.
What is ONB's Compass Score?
Old National Bancorp scores 83/100 on Alexandria's Compass, placing it in the "True North" tier. Scores blend eight factors and update weekly.
What is the price target for ONB?
Alexandria's full Compass Direction includes bull, base, and bear price scenarios with the valuation math behind each. Read the full breakdown on the ONB page.
Compass verdicts are AI-generated, forward-looking editorial research from publicly available data, not investment advice or a recommendation regarding any security. Scores and verdicts update as the data changes.