Old National BancorpONB
NasdaqGS•Financial Services•Banks - Regional
Understand cash generation quality and how management allocates capital.
Free cash flow was $193.26M in the latest quarter (88.7% increase YoY). FCF margin is 9.5%. Shares outstanding increased by 22.1% year-over-year, indicating dilution (potentially from stock compensation or capital raises). Free cash flow is the lifeblood of a business — it funds dividends, buybacks, debt reduction, and reinvestment without relying on external capital.
Free cash flow, earnings quality, and capital allocation