ONB vs OPBK

Old National Bancorp vs OP Bancorp — Valuation Comparison 2026

By CirclFi Research Team · Updated 2026-06-03 · Data from SEC EDGAR, FRED & GDELT

Quick Summary — OPBK scores higher on quality with 9.6/10 vs ONB's 8.9/10. ONB trades at $23.85 while OPBK trades at $14.12. Both analyzed daily using SEC EDGAR data across 13 institutional models.

ONB

Banks - Regional
Old National Bancorp
Quality
8.9
out of 10
Value Trap
18
SAFE
Price
$23.85
Last close
Models
11/13
Active
VS

OPBK

Banks - Regional
OP Bancorp
Quality
9.6
out of 10
Value Trap
16
SAFE
Price
$14.12
Last close
Models
11/13
Active
ONB
Quality Score 8.9/10 — top tier
Limited to 2/13 visible models
OPBK
Earnings Power Value sees +116.7% upside
Limited to 2/13 visible models

ONB vs OPBK — Fair Value Comparison

ONB
$0$9$19$28 Price$23.85 Bayesian …$11.60 (-51.4%) Earnings …$15.89 (-33.4%)
OPBK
$0$12$24$36 Price$14.12 Bayesian …$22.76 (+61.2%) Earnings …$30.60 (+116.7%)
Market Price Model 1 Model 2

Model-by-Model Comparison

ModelType ONB Fair ValueONB Upside OPBK Fair ValueOPBK Upside
Bayesian DCF Intrinsic $11.60 -51.4% $22.76 +61.2%
Earnings Power Value Intrinsic $15.89 -33.4% $30.60 +116.7%
EROIC Spread Intrinsic $•••.•• ••.•% $•••.•• ••.•%
First Chicago Scenario $•••.•• ••.•% $•••.•• ••.•%
Markov DDM Intrinsic $•••.•• ••.•% $•••.•• ••.•%
ML-RIV Intrinsic $•••.•• ••.•% $•••.•• ••.•%
Regime Cross-Sectional Relative $•••.•• ••.•% $•••.•• ••.•%
Sentiment SOTP Hybrid $•••.•• ••.•% $•••.•• ••.•%
CUCE Ensemble Ensemble $•••.•• ••.•% $•••.•• ••.•%
FTNN Topology Relative $•••.•• ••.•% $•••.•• ••.•%
RCMH-DCF Intrinsic $•••.•• ••.•% $•••.•• ••.•%

ONB vs OPBK — Which Stock Is More Undervalued in 2026?

OPBK scores higher with a 9.6/10 quality rating vs ONB's 8.9/10. Both stocks are analyzed daily using SEC EDGAR filings across 13 independent models.

How Do ONB and OPBK Valuations Compare?

At $23.85, ONB trades +51.4% above its Bayesian DCF fair value of $11.60, while OPBK at $14.12 trades +61.2% below its estimate of $22.76. OPBK shows a wider gap between price and intrinsic value.

Quality of Company: ONB vs OPBK

ONB earns a Quality of Company score of 8.9/10 compared to OPBK's 9.6/10. The scores are closely matched, indicating similar fundamental quality profiles. The QOC score synthesizes 32 signals spanning profitability margins, revenue growth, free cash flow, capital allocation, and leverage.

Value Trap Risk: ONB vs OPBK

ONB carries a SAFE value trap risk (18/100) while OPBK shows SAFE risk (16/100). Both companies show manageable value trap risk, suggesting their current valuations are not artificially depressed by fundamental deterioration.

Both in Banks - Regional

Both ONB and OPBK operate in Banks - Regional, which has 329 stocks tracked by CirclFi. Same-industry comparisons provide the most direct insight into relative valuation since both companies face similar regulatory environments, market dynamics, and competitive pressures. Both companies are analyzed with models spanning intrinsic (Bayesian DCF, EPV), scenario-based (First Chicago), regime-switching (Markov DDM, RCMH-DCF), machine learning (ML-RIV, FTNN), and ensemble methods (CUCE).

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