Old National Bancorp (ONB) — closed signal from May 26, 2026
Target reached Published before the outcome was known, scored automatically when the window closed on August 24, 2026 — +7% at the close.
Predicted vs. what happened
What happened
Reached its target in 37 days.
The thesis — published May 26, 2026
Old National appears to be a steadier regional bank because it delivers consistent profits and its valuation is not demanding. There are few company-specific headlines, so future gains depend on steady business execution rather than big news. Short-term risks include local credit concerns, rising deposit costs and low trading activity, which limit upside over the next few months.
Primary drivers
- Valuation looks reasonable for a regional bank
- Steady profit delivery supports stability
- Recent news gives little direct boost to the stock
- Credit trends and deposit costs limit near-term upside
How it played out
ONB: target reached in 37 days
Lyra published a short-term thesis for ONB at $24.09, expecting 10% growth. The thesis pointed to a reasonable regional-bank valuation, steady profit delivery, and limited help from recent news. It also identified credit trends, deposit costs, and low trading activity as limits on near-term upside.
The target was reached in 37 days. ONB later peaked at $27.36 on August 4, a 13.6% gain within the window. It ended the period at $25.77, still above the $24.09 publication price but below the peak. The published thesis played out.
What happened during the window
On July 22, 2026, Old National reported second-quarter net income applicable to common shares of $249.4 million and diluted earnings of $0.65 per share. On August 12, 2026, its board declared a quarterly common dividend of $0.145 per share.
Prices are shown split- and dividend-adjusted, matching what public charts show today.
Read the next call before it closes.
This is one signal, scored after the fact. Today’s picks come with the same plain-language thesis — published before anyone knows the outcome.