Western Alliance [WAL] vs Old National Bancorp [ONB] Detailed Stock Comparison

Western Alliance

NYSE

Old National Bancorp

NASDAQ

TLDR: Quick Comparison Summary

Based on 18 vital metrics comparison: Western Alliance wins in 10 metrics, Old National Bancorp wins in 8 metrics, with 0 ties. Western Alliance appears stronger overall.

View Metrics Details

Vital Metrics Comparison

Metric	Western Alliance	Old National Bancorp	Better
P/E Ratio (TTM)	11.45	13.52	Western Alliance
Price-to-Book Ratio	1.39	1.13	Old National Bancorp
Debt-to-Equity Ratio	0.93	0.97	Western Alliance
PEG Ratio	0.61	-1.67	Old National Bancorp
Profit Margin (TTM)	27.12%	29.98%	Old National Bancorp
Operating Margin (TTM)	40.78%	35.30%	Western Alliance
EBITDA Margin (TTM)	40.78%	35.30%	Western Alliance
Return on Equity	12.42%	8.00%	Western Alliance
Return on Assets (TTM)	1.02%	0.92%	Western Alliance
Free Cash Flow (TTM)	$-2.83B	$592.02M	Old National Bancorp
Dividend Yield	1.56%	3.25%	Old National Bancorp
1-Year Return	6.13%	16.04%	Old National Bancorp
Price-to-Sales Ratio (TTM)	3.08	4.70	Western Alliance
Enterprise Value	$13.79B	$14.53B	Old National Bancorp
EV/Revenue Ratio	4.42	7.67	Western Alliance
Revenue per Share (TTM)	$29	$6	Western Alliance
Earnings per Share (Diluted)	$7.61	$1.68	Western Alliance
Beta (Stock Volatility)	1.32	0.85	Old National Bancorp

Performance

Key Stats

Valuation

Financials

Short Interest

Dividends

Western Alliance vs Old National Bancorp Stock Performance Analysis

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Performance Comparison

Short-term Returns

Stock	1D	1W	1M	3M	6M	YTD
Western Alliance	6.97%	5.55%	6.19%	20.63%	1.31%	5.10%
Old National Bancorp	5.87%	6.57%	1.84%	9.49%	-2.36%	7.32%

Long-term Returns

Stock	1Y	3Y	5Y	10Y	15Y	20Y
Western Alliance	6.13%	10.05%	139.90%	187.75%	1,236.35%	192.38%
Old National Bancorp	16.04%	32.25%	58.11%	65.96%	135.68%	3.56%

Performance Comparison

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Western Alliance (WAL): View Full Stock Overview

Old National Bancorp (ONB): View Full Stock Overview

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Key Performance Metrics Available:

Daily, weekly, monthly, and yearly returns
52-week high and low prices
Market capitalization and valuation ratios
Financial health and profitability metrics
Dividend history and yield information

Performance & Financial Health Analysis: Western Alliance vs Old National Bancorp

Metric	WAL	ONB
Market Information
Market Cap i	$9.62B	$8.90B
Market Cap Category	Mid cap	Mid cap
10 Day Avg. Volume i	1,002,720	2,439,372
90 Day Avg. Volume i	1,099,770	3,070,597
Last Close	$87.13	$22.72
52 Week Range	$57.05 - $98.10	$16.83 - $24.49
% from 52W High	-11.18%	-7.23%
All-Time High	$124.93 (Jan 10, 2022)	$28.49 (Dec 21, 1998)
% from All-Time High	-30.26%	-20.25%
Growth Metrics
Quarterly Revenue Growth	0.10%	0.22%
Quarterly Earnings Growth	0.19%	0.03%
Financial Health
Profit Margin (TTM) i	0.27%	0.30%
Operating Margin (TTM) i	0.41%	0.35%
Return on Equity (TTM) i	0.12%	0.08%
Debt to Equity (MRQ) i	0.93	0.97
Cash & Liquidity
Book Value per Share (MRQ)	$62.57	$20.15
Cash per Share (MRQ)	$29.45	$5.07
Operating Cash Flow (TTM) i	$-3,701,400,064	$538.16M
Levered Free Cash Flow (TTM) i	$774.90M	$523.05M
Dividends
Last 12-Month Dividend Yield i	1.56%	3.25%
Last 12-Month Dividend i	$1.13	$0.70

Valuation & Enterprise Metrics Analysis: Western Alliance vs Old National Bancorp

Metric	WAL	ONB
Price Ratios
P/E Ratio (TTM) i	11.45	13.52
Forward P/E i	9.69	11.53
PEG Ratio i	0.61	-1.67
Price to Sales (TTM) i	3.08	4.70
Price to Book (MRQ) i	1.39	1.13
Market Capitalization
Market Capitalization i	$9.62B	$8.90B
Enterprise Value i	$13.79B	$14.53B
Enterprise Value Metrics
Enterprise to Revenue i	4.42	7.67
Enterprise to EBITDA i	N/A	N/A
Risk & Other Metrics
Beta i	1.32	0.85
Book Value per Share (MRQ) i	$62.57	$20.15

Financial Statements Comparison: Western Alliance vs Old National Bancorp

Financial Metrics

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Revenue

EBITDA

Shareholders Equity

Operating Margin

Free Cash Flow

Long Term Debt

Profit Margin

Current Ratio

Operating Cash Flow

Income Statement (MRQ)

Metric (MRQ)	WAL	ONB
Revenue/Sales i	$825.80M	$647.31M
Cost of Goods Sold i	N/A	N/A
Gross Profit i	N/A	N/A
Research & Development i	N/A	N/A
Operating Income (EBIT) i	N/A	N/A
EBITDA i	N/A	N/A
Pre-Tax Income i	$291.30M	$155.71M
Income Tax i	$53.50M	$30.30M
Net Income (Profit) i	$237.80M	$125.41M

Balance Sheet & Liquidity Metrics (MRQ)

Metric (MRQ)	WAL	ONB
Cash & Equivalents i	$3.28B	$1.24B
Total Current Assets i	N/A	N/A
Total Current Liabilities i	N/A	N/A
Long-Term Debt i	$2.67B	$5.16B
Total Shareholders Equity i	$7.22B	$6.53B
Retained Earnings i	$4.98B	$2.06B
Property, Plant & Equipment i	$486.00M	N/A

Cash Flow Statement Comparison (MRQ)

Metric (MRQ)	WAL	ONB
Operating Cash Flow i	$-1.64B	$208.66M
Capital Expenditures i	$-16.60M	$-4.61M
Free Cash Flow i	$-1.67B	$102.41M
Debt Repayment i	$-2.01B	$-297.15M
Common Stock Repurchase i	N/A	$-13.54M

Short Interest & Institutional Ownership Analysis

Metric	WAL	ONB
Shares Short i	4.93M	15.97M
Short Ratio i	4.32	4.66
Short % of Float i	0.05%	0.05%
Average Daily Volume (10 Day) i	1,002,720	2,439,372
Average Daily Volume (90 Day) i	1,099,770	3,070,597
Shares Outstanding i	110.05M	318.98M
Float Shares i	103.16M	388.56M
% Held by Insiders i	0.03%	0.12%
% Held by Institutions i	0.93%	0.93%

Dividend Analysis & Yield Comparison: Western Alliance vs Old National Bancorp

Metric	WAL	ONB
Last 12-Month Dividend i	$1.13	$0.70
Last 12-Month Dividend Yield i	1.56%	3.25%
3-Year Avg Annual Dividend i	$1.35	$0.61
3-Year Avg Dividend Yield i	0.61%	0.79%
3-Year Total Dividends i	$4.04	$1.82
Ex-Dividend Date	Feb 14, 2025	Sep 05, 2025

Western Alliance [WAL] vs Old National Bancorp [ONB] Detailed Stock Comparison