Columbia Banking System vs Old National Bank
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KIRAβs take AI analyst
I put Columbia Banking System and Old National Bank side by side, using each oneβs latest annual report. Here is what stands out:
- Old National Bank is the larger business, with $2.5B of revenue in fiscal 2025 against $2.3B for Columbia Banking System.
- Old National Bank grew revenue faster (33.9%, against 19.3%).
- Investors pay more for each dollar of Old National Bankβs earnings: a P/E of 12.8x against 12.1x for Columbia Banking System.
Who comes out ahead
Of the 5 measures where higher (or lower) is clearly better, how many each company leads.
Columbia Banking System
COLB
2/5
5-year growthShare count change
Old National Bank
ONB
3/5
Revenue growthNet marginReturn on equity
Side by side
Best in the row
| Latest fiscal year | COLB FY25 | ONB FY25 |
|---|---|---|
| Size | ||
| Market cap | $7.4B | $9.1B |
| Revenue | $2.3B | $2.5B |
| Free cash flow | β | β |
| Net income | $550M | $669M |
| Growth | ||
| Revenue growth | 19.3% | 33.9% |
| 5-year growth | 30.6% | 24.8% |
| Share count change | 14.2% | 17.5% |
| Profitability | ||
| Gross margin | β | β |
| Operating margin | β | β |
| Net margin | 23.9% | 26.5% |
| FCF margin | β | β |
| Return on capital | β | β |
| Return on equity | 8.5% | 9.0% |
| Balance sheet | ||
| Net debt | β | β |
| Net debt / EBITDA | β | β |
| Dividends and buybacks | $444M | $297M |
| Valuation & quality | ||
| P/E | 12.1x | 12.8x |
| Piotroski F-score | β | β |
Ten years
Revenue
Operating margin
Free cash flow
Return on capital
Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.