Old National Bancorp: Compounder Mispriced As An M&A Story
Seeking Alpha rated Old National Bancorp a Buy with a $30 price target, citing Q2 record efficiency of 45.2%, 13% YoY revenue growth, and a raised loan growth outlook of 6%-8% YoY supported by a $5.6B pipeline.
Why it matters — ONB watchers would note the article's argument that the bank is transitioning from an M&A story to a durable organic growth model, with tangible book value compounding 14% YoY and $163M returned to shareholders.