Filing Flows › Comparisons › ONB vs CFR
Old National Bancorp vs Cullen/Frost Bankers: ONB and CFR compared
Old National Bancorp is the larger company: $713M of revenue in its latest quarter (Q3 2026) against $604M for Cullen/Frost Bankers (Q3 2026). Cullen/Frost Bankers is growing faster (+6% against +1% a year earlier). Old National Bancorp is more profitable, with an operating margin of 45.4% against 35.5%.
Where the money goes: ONB and CFR
Old National Bancorp (ONB) · Q3 2026
Old National Bancorp, Q3 2026: revenue $713M (+1% year over year), operating margin 45.4%, net earnings $254M, operating cash flow $379M. The chart follows the revenue to costs, profit and cash.
Cullen/Frost Bankers (CFR) · Q3 2026
Cullen/Frost Bankers, Q3 2026: revenue $604M (+6% year over year), operating margin 35.5%, net earnings $180M, operating cash flow $293M. The chart follows the revenue to costs, profit and cash.
| Old National Bancorp (ONB) | Cullen/Frost Bankers (CFR) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $713M | $604M |
| Revenue growth, Y/Y | +1% | +6% |
| Operating margin | 45.4% | 35.5% |
| Net earnings | $254M | $180M |
| Net margin | 35.6% | 29.8% |
| Operating cash flow | $379M | $293M |
| Free cash flow | $373M | $249M |
| Market value | $9.9B | $9.6B |
| P/E | 10.6× | 14.4× |
| Analysts’ mean target | $28.90 | $173.57 |
Where the revenue comes from
Old National Bancorp
- Net interest income: $584M (82%)
- Noninterest income: $128M (18%)
Questions
Which is bigger, Old National Bancorp or Cullen/Frost Bankers?
Old National Bancorp is the larger company: $713M of revenue in its latest quarter (Q3 2026) against $604M for Cullen/Frost Bankers (Q3 2026).
Is Old National Bancorp or Cullen/Frost Bankers growing faster?
Cullen/Frost Bankers is growing faster (+6% against +1% a year earlier).
Which is more profitable, Old National Bancorp or Cullen/Frost Bankers?
Old National Bancorp is more profitable, with an operating margin of 45.4% against 35.5%.
More: Old National Bancorp earnings · how Old National Bancorp makes money · Cullen/Frost Bankers earnings · how Cullen/Frost Bankers makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 28, 2026; 10-Q filed Oct 29, 2026). Fiscal quarters can end on different dates. Not investment advice.