Old National Bancorp (ONB) vs Zions Bancorporation N.A. (ZION)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 9, 2026.
Summary
Old National Bancorp (ONB) has outperformed Zions Bancorporation N.A. (ZION) over the past year, gaining 13.0% versus a gain of 11.8%. Over five years, ONB leads with a +45.0% price change compared with +0.9% for ZION. Old National Bancorp is the larger company by market cap ($9.41 billion vs $9.14 billion), about 1.0 times the size.
On valuation, Old National Bancorp trades at a lower forward P/E (8.5x vs 9.2x for Zions Bancorporation N.A.). Zions Bancorporation N.A. offers the higher dividend yield (2.87% vs 2.32%). Zions Bancorporation N.A. converts more of its revenue into profit, with a net margin of 135.8% 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 | ONB | ZION |
|---|---|---|
| Share price | $24.61 | $62.66 |
| Market cap | $9.41B | $9.14B |
| 1-day change | -0.51% | -0.12% |
| YTD return | +10.85% | +7.16% |
| 1-year return | +12.97% | +11.82% |
| 5-year return | +45.04% | +0.95% |
| P/E ratio (TTM) | 10.89 | 7.98 |
| Forward P/E | 8.52 | 9.19 |
| EPS (TTM) | $2.26 | $7.85 |
| Dividend yield | 2.32% | 2.87% |
| Annual dividend | $0.57 | $1.80 |
| Revenue (latest FY) | $2.52B | $662.00M |
| Revenue growth (YoY) | +33.89% | +3.60% |
| Net income (latest FY) | $669.26M | $899.00M |
| Net margin | 26.51% | 135.80% |
| 52-week high | $27.36 | $73.34 |
| 52-week low | $19.39 | $46.19 |
| Distance from 52-week high | -10.07% | -14.57% |
| Analyst consensus | buy | hold |
| Avg. price target upside | +20.30% | +16.73% |
| Average volume | 4.29M | 1.51M |
| Shares outstanding | 382.57M | 145.95M |
| Employees | 4,914 | 9,039 |
| 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
- Old National Bancorp trades at a higher earnings multiple (10.9x vs 8.0x trailing P/E).
- Zions Bancorporation N.A. is more profitable, keeping 135.8 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 +3.60%).
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
About Zions Bancorporation N.A.
ZION stock →Zions Bancorporation, National Association provides various banking products and related services primarily in the states of Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington, and Wyoming. The company operates through Zions Bank, California Bank & Trust, Amegy Bank, National Bank of Arizona, Nevada State Bank, Vectra Bank Colorado, and The Commerce Bank of Washington segments.
Finance · Major Banks · 9,039 employees
ONB vs ZION FAQ
Which is bigger, Old National Bancorp or Zions Bancorporation N.A.?
Old National Bancorp (ONB) is larger, with a market capitalization of $9.41B compared with $9.14B for Zions Bancorporation N.A. (ZION).
Which stock has performed better over the past year, ONB or ZION?
ONB returned +12.97% over the past 12 months, compared with +11.82% for ZION (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, ONB or ZION?
ZION has the lower trailing P/E at 8.0, versus 10.9 for ONB. 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, Old National Bancorp or Zions Bancorporation N.A.?
Zions Bancorporation N.A. has the higher yield at 2.87%, compared with 2.32% for Old National Bancorp.
Are Old National Bancorp and Zions Bancorporation N.A. in the same industry?
Yes. Both are classified in the Major Banks industry within the Finance sector.