Old National vs Voya Financial
Old National Bancorp operates a Midwest-focused commercial and retail bank that's grown through strategic acquisitions into one of the larger regional players in the Great Lakes market, while Voya Financial provides retirement savings plans, insurance, and investment management to institutional and individual clients. Both serve the long-term financial security needs of Americans, but Old National does it through deposit and lending relationships while Voya does it through retirement plan administration and asset management. Old National vs Voya Financial compares a traditional bank building scale through M&A against a financial wellness company monetizing the defined contribution retirement market.
Old National Bancorp operates a Midwest-focused commercial and retail bank that's grown through strategic acquisitions into one of the larger regional players in the Great Lakes market, while Voya Fin...
Investment Analysis
Old National
ONB
Pros
- Old National Bancorp exceeded Q3 2025 EPS forecasts by 5.36% and revenue by 1.2%, demonstrating recent strong financial performance.
- Completed the Bremer Bank systems conversion, which enhances operational efficiency and supports scalable growth.
- Loan production increased by 20% from the previous quarter and annualized deposit growth reached 4.8%, indicating robust lending and funding momentum.
Considerations
- Despite recent growth, the stock trades near fair value, suggesting limited upside relative to current price levels.
- Market capitalization is moderate at around $8.2 billion, which may limit large institutional investor interest compared to bigger banks.
- Q4 2025 net interest income is expected to be stable or slightly improving, indicating potential limited immediate growth catalyst in interest income.
Voya Financial
VOYA
Pros
- Voya Financial completed the acquisition of OneAmerica’s retirement plan business, significantly expanding its participant base to nearly 8 million.
- Ranks as the 48th largest institutional investment manager worldwide, reflecting scale and prominence in asset management.
- Offers a diverse product mix including 401(k)s, HSAs, life and disability insurance, which supports recurring revenue streams across different financial service segments.
Considerations
- Exposure to retirement plan products makes Voya sensitive to interest rate fluctuations and market volatility affecting asset values.
- Integration risks related to recent acquisitions pose execution challenges and potential short-term margin pressure.
- The competitive retirement and insurance industries are highly regulated and subject to changing legislation, adding regulatory uncertainty.
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Explore BasketBuy ONB or VOYA in Nemo
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