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Old National Bancorp vs Valley National Bancorp: ONB and VLY compared
Old National Bancorp is the larger company: $713M of revenue in its latest quarter (Q3 2026) against $584M for Valley National Bancorp (Q3 2026). Valley National Bancorp is growing faster (+14% against +1% a year earlier). Old National Bancorp is more profitable, with an operating margin of 45.4% against 41.7%.
Where the money goes: ONB and VLY
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.
Valley National Bancorp (VLY) · Q3 2026
Valley National Bancorp, Q3 2026: revenue $584M (+14% year over year), operating margin 41.7%, net earnings $206M, operating cash flow $382M. The chart follows the revenue to costs, profit and cash.
| Old National Bancorp (ONB) | Valley National Bancorp (VLY) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $713M | $584M |
| Revenue growth, Y/Y | +1% | +14% |
| Operating margin | 45.4% | 41.7% |
| Net earnings | $254M | $206M |
| Net margin | 35.6% | 35.3% |
| Operating cash flow | $379M | $382M |
| Free cash flow | $373M | $378M |
| Market value | $9.9B | $7.8B |
| P/E | 10.6× | 10.6× |
| Analysts’ mean target | $28.90 | $17.04 |
Where the revenue comes from
Old National Bancorp
- Net interest income: $584M (82%)
- Noninterest income: $128M (18%)
Valley National Bancorp
- Net interest income: $505M (87%)
- Noninterest income: $78.7M (13%)
Questions
Which is bigger, Old National Bancorp or Valley National Bancorp?
Old National Bancorp is the larger company: $713M of revenue in its latest quarter (Q3 2026) against $584M for Valley National Bancorp (Q3 2026).
Is Old National Bancorp or Valley National Bancorp growing faster?
Valley National Bancorp is growing faster (+14% against +1% a year earlier).
Which is more profitable, Old National Bancorp or Valley National Bancorp?
Old National Bancorp is more profitable, with an operating margin of 45.4% against 41.7%.
More: Old National Bancorp earnings · how Old National Bancorp makes money · Valley National Bancorp earnings · how Valley National Bancorp makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 28, 2026; 10-Q filed Nov 5, 2026). Fiscal quarters can end on different dates. Not investment advice.