Columbia Banking System (COLB) vs Old National Bancorp (ONB)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 8, 2026.
Summary
Old National Bancorp (ONB) has outperformed Columbia Banking System (COLB) over the past year, gaining 9.9% versus a gain of 7.9%. Over five years, ONB leads with a +43.2% price change compared with -18.8% for COLB. Old National Bancorp is the larger company by market cap ($9.35 billion vs $7.94 billion), about 1.2 times the size.
On valuation, Old National Bancorp trades at a lower forward P/E (8.5x vs 8.5x for Columbia Banking System). Columbia Banking System offers the higher dividend yield (5.24% vs 2.33%). Columbia Banking System converts more of its revenue into profit, with a net margin of 310.7% versus 26.5%.
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | COLB | ONB |
|---|---|---|
| Share price | $28.08 | $24.44 |
| Market cap | $7.94B | $9.35B |
| 1-day change | -0.64% | +0.06% |
| YTD return | +1.11% | +9.46% |
| 1-year return | +7.90% | +9.85% |
| 5-year return | -18.79% | +43.23% |
| P/E ratio (TTM) | 11.01 | 10.81 |
| Forward P/E | 8.48 | 8.46 |
| EPS (TTM) | $2.55 | $2.26 |
| Dividend yield | 5.24% | 2.33% |
| Annual dividend | $1.47 | $0.57 |
| Revenue (latest FY) | $177.00M | $2.52B |
| Revenue growth (YoY) | +18.79% | +33.89% |
| Net income (latest FY) | $550.00M | $669.26M |
| Net margin | 310.73% | 26.51% |
| 52-week high | $33.68 | $27.36 |
| 52-week low | $23.83 | $19.39 |
| Distance from 52-week high | -16.63% | -10.69% |
| Analyst consensus | buy | buy |
| Avg. price target upside | +19.80% | +21.14% |
| Average volume | 2.89M | 4.28M |
| Shares outstanding | 282.90M | 382.57M |
| Employees | 6,005 | 4,914 |
| Sector | Finance | Finance |
| Industry | Major Banks | Major Banks |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- Columbia Banking System offers a meaningfully higher dividend yield (5.24% vs 2.33%).
- Columbia Banking System is more profitable, keeping 310.7 cents of every revenue dollar as net income versus 26.5 cents for Old National Bancorp.
- Old National Bancorp grew revenue faster in its latest fiscal year (+33.89% vs +18.79%).
About Columbia Banking System
COLB stock →Columbia Banking System, Inc. operates as the bank holding company for Columbia Bank that provides banking, private banking, mortgage, and other financial services in the United States.
Finance · Major Banks · 6,005 employees
About Old National Bancorp
ONB stock →Old National Bancorp operates as the bank holding company for Old National Bank that provides consumer and commercial banking services in the United States. It accepts deposit accounts, such as noninterest-bearing demand, interest-bearing checking and negotiable order of withdrawal, savings and money market, and time deposits.
Finance · Major Banks · 4,914 employees
COLB vs ONB FAQ
Which is bigger, Columbia Banking System or Old National Bancorp?
Old National Bancorp (ONB) is larger, with a market capitalization of $9.35B compared with $7.94B for Columbia Banking System (COLB).
Which stock has performed better over the past year, COLB or ONB?
ONB returned +9.85% over the past 12 months, compared with +7.90% for COLB (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, COLB or ONB?
ONB has the lower trailing P/E at 10.8, versus 11.0 for COLB. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, Columbia Banking System or Old National Bancorp?
Columbia Banking System has the higher yield at 5.24%, compared with 2.33% for Old National Bancorp.
Are Columbia Banking System and Old National Bancorp in the same industry?
Yes. Both are classified in the Major Banks industry within the Finance sector.