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Electrochemical water splitting is an important process to produce hydrogen and oxygen for energy storage and conversion devices. However, it is often restricted by the oxygen evolution reaction (OER) due to its sluggish kinetics. To overcome the problem, precious metal oxide-based electrocatalysts, such as RuO and IrO, are widely used. The lack of availability and the high cost of precious metals compel researchers to find other resources for the development of cost-effective, environmentally friendly, earth-abundant, nonprecious electrocatalysts for OER. Such catalysts should have high OER performance and good stability in comparison to those of available commercial precious metal-based electrocatalysts. Herein, we report an inexpensive fabrication of bimetallic iron-nickel nanoparticles on FeNi-foil (FeNi@FeNi-foil) as an integrated OER electrode using a one-step calcination process. FeNi@FeNi-foil obtained at 900 °C shows superior OER activity in alkaline solution with an overpotential as low as 283 mV to achieve a current density of 10 mA cm and a small Tafel slope of 53 mV dec. The high performance and durability of the as-prepared nonprecious metal electrode even exceeds those of the available commercial RuO and IrO catalysts, showing great potential in replacing the expensive noble metal-based electrocatalysts for OER.