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Old National Bancorp ONB Bank Owned Life Insurance

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Other financials

Income statement

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Revenue$732.6M+13.2%
Net income$253.4M+102%
EPS (diluted)$0.65+91.2%

Balance sheet

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Cash & equivalents$1.8B-2.2%
Total debt$234.5M-9.4%
Total equity$8.6B+5.6%
Total assets$74.2B+4.5%

Cash flow

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Operating cash flow$280.2M+284%
CapEx$4.4M-50.2%
Free cash flow$275.9M+330%

Valuation

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Market cap$10.16B+26.1%
Enterprise value$8.63B+32.5%
P/E11.5×-2.7×
P/S3.6×-0.2×

Profitability

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Net margin31.4%+4.4pp
FCF margin33.3%+9.0pp

Returns & leverage

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Return on equity10.6%+2.6pp
Debt / equity0.0×

Where this comes from

Reported directly by Old National Bancorp in its filing.

Tagged under the XBRL concept us-gaap:BankOwnedLifeInsurance.

The source filing: Old National Bancorp’s 10-Q, filed July 29, 2026.

Filed
Jul 29, 2026, 11:02 AM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0000707179-26-000046
(dollars and shares in thousands, except per share data)June 30,2026December 31, 2025
Premises and equipment, net682,065690,824
Goodwill2,429,7562,425,700
Other intangible assets432,671482,286
Company-owned life insurance1,053,3331,051,009
Accrued interest receivable and other assets2,504,3322,526,040
Total assets$74,189,417$72,151,967
Liabilities
Deposits:

Item 1. Financial Statements

FAQ

What is Old National Bancorp's bank owned life insurance?
Old National Bancorp (ONB) reported bank owned life insurance of $1.05B in Q2 2026.
How has Old National Bancorp's bank owned life insurance changed year-over-year?
Old National Bancorp's bank owned life insurance increased by 0.6% year-over-year, from $1.05B to $1.05B.
What is the long-term trend for Old National Bancorp's bank owned life insurance?
Over 5 years (2020 to 2025), Old National Bancorp's bank owned life insurance has grown at a 18.2% compound annual growth rate (CAGR), from $456.11M to $1.05B.
What does bank owned life insurance mean?
Bank Owned Life Insurance (BOLI) is a life insurance policy purchased by a bank on the lives of its key employees. The bank is the beneficiary and uses the policy to offset the costs of employee benefit plans. It serves as a tax-advantaged investment vehicle for the bank's excess capital.

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