Welcome to our dedicated page for Old Natl Bancorp Ind news (Ticker: ONB), a resource for investors and traders seeking the latest updates and insights on Old Natl Bancorp Ind stock.
Overview
Old National Bancorp (NASDAQ: ONB) is a historic financial services holding company that has been serving its communities since its founding in 1834 in Evansville, Indiana. Renowned for its commitment to community banking, Old National has built enduring partnerships with clients across its core markets in Indiana, East Central Illinois, Kentucky, Michigan, and select Southeastern communities. The corporation combines a rich legacy with a modern approach to banking, leveraging a comprehensive suite of services designed to meet the evolving needs of both retail and commercial clients.
Comprehensive Financial Services
At its core, Old National Bancorp provides an integrated range of financial products and services that include:
- Retail and Commercial Banking: Delivering personalized deposit services, loan solutions, and credit facilities that support both individual customers and businesses.
- Wealth Management and Investment Advisory: Offering tailored financial planning, portfolio management, and investment strategies, ensuring clients receive expert guidance that aligns with their long-term financial objectives.
- Capital Markets and Brokerage Services: Facilitating activities in investment banking and brokerage, thereby enabling clients to access capital markets with confidence and expertise.
- Insurance Solutions: Through its affiliated insurance brokerage, Old National extends risk management and insurance services, positioning itself among the top brokers in the market.
The company’s diverse product mix is sustained by a strong commitment to resilient credit quality, disciplined expense management, and an emphasis on nurturing deep client relationships built over generations.
Regional Market Positioning and Community Focus
Old National Bancorp has strategically positioned itself as a major player within its regional footprint. Its operations are not merely transactional; they are built on the principle of developing long-term, highly valued partnerships with communities. This community-centric approach means that the bank continuously emphasizes local market knowledge, responsiveness to regional economic conditions, and a keen focus on fostering economic growth within the areas it serves. This approach reinforces its reputation as a trusted community partner.
Operational Excellence and Digital Transformation
In recent years, Old National has advanced its operational capabilities by embracing innovative technologies and digital solutions. A notable aspect of its strategy is the convergence of traditional banking with modern digital transformation — an effort supported through strategic partnerships with leading technology firms. By integrating advanced process digitization, automation, and digital banking platforms, Old National has enhanced its internal efficiency, improved client experiences, and maintained a competitive edge in a rapidly evolving financial services landscape. This modernization effort further underscores the bank's commitment to balancing its venerable history with contemporary innovations.
Strategic Acquisitions and Organizational Strength
A significant contributor to Old National’s growth and market strength has been its prudent engagement in strategic acquisitions. These acquisitions have not only expanded the bank's geographic footprint but have also enhanced its service offerings, particularly in regions known for vibrant economic activity. The integration of acquired operations has enriched its banking services, broadened its product portfolio, and reinforced its commitment to serving a diverse customer base with a seamless suite of financial solutions.
Expertise and Industry Recognition
Old National Bancorp stands out for its methodical approach to financial services, built on decades of expertise and steadfast customer commitment. Its portfolio, which includes consumer and commercial banking, wealth management, and capital markets services, reflects a deep understanding of industry dynamics and client needs. Through this multifaceted approach, the company has garnered recognition as one of the foremost community-centric financial institutions in its regions of operation. With a foundation built on trust, reliability, and rigorous financial stewardship, Old National continues to be a model of expert financial management and operational excellence.
Commitment to Quality and Client-Centric Services
Consistent with its long-standing tradition, Old National’s commitment is evident in its focus on quality service delivery, strong risk management practices, and an unwavering dedication to maintaining robust credit quality. Its customer-first philosophy is integrated across every operational facet—from originating commercial loans to providing detailed wealth management advice—ensuring that each client receives personalized attention tailored to their unique financial circumstances.
Conclusion
Old National Bancorp exemplifies what it means to blend a storied heritage with strategic operational enhancements. Through its comprehensive suite of services, regional market leadership, and commitment to digital innovation, the company continues to provide enduring value to its clients and communities. The institution’s emphasis on quality banking solutions, combined with its adaptive approach to technology and market trends, positions it as an essential resource within the financial services industry, ensuring that clients benefit from unmatched expertise and a supportive, community-oriented banking experience.
Old National Bancorp (NASDAQ: ONB) has announced its schedule for first-quarter 2025 earnings release and conference call. The earnings will be released on Tuesday, April 22, 2025, at 7:00 A.M. ET, followed by a conference call at 10:00 A.M. ET.
Old National, the sixth largest commercial bank headquartered in the Midwest, manages approximately $54 billion in assets and $30 billion in assets under management, ranking among the top 30 banking companies in the United States. The bank, established in 1834, primarily serves clients in the Midwest and Southeast regions, offering comprehensive services in consumer and commercial banking, wealth management, and capital markets.
Old National Bancorp (NASDAQ: ONB) announced upcoming presentations at two major financial conferences. Chairman and CEO Jim Ryan will present at the Raymond James & Associates 46th Annual Institutional Investors Conference on March 3, 2025, at 1:40 p.m. ET, followed by the 2025 RBC Capital Markets Global Financial Institutions Conference on March 4, 2025, at 10:40 a.m. ET.
The presentations will be accessible via live audio webcast through the Investor Relations section of oldnational.com, with replays available afterward. Old National, ranking as the sixth largest commercial bank in the Midwest with $54 billion in assets and $30 billion in assets under management, serves clients across the Midwest and Southeast regions. Founded in 1834, the bank ranks among the top 30 banking companies in the United States and was recently recognized as one of 'The Civic 50' most community-minded companies by Points of Light in 2024.
Old National Bancorp (NASDAQ: ONB) has announced key financial decisions including dividends and a stock repurchase program. The company declared a quarterly cash dividend of $0.14 per share on common stock, payable March 17, 2025, to shareholders of record as of March 5, 2025.
Additionally, a quarterly cash dividend of $17.50 per share was declared on its Series A and Series C Preferred Stock, payable May 20, 2025. The Board also approved a $200 million stock repurchase program effective until February 28, 2026.
Old National, the sixth largest commercial bank headquartered in the Midwest, manages approximately $54 billion in assets and $30 billion in assets under management, ranking among the top 30 U.S. banking companies.
Old National Bancorp (NASDAQ: ONB) reported strong Q4 2024 results with net income of $149.8 million and diluted EPS of $0.47. Adjusted figures show net income of $156.0 million and EPS of $0.49. Full-year performance included net income of $523.1 million with diluted EPS of $1.68 ($578.1 million and $1.86 adjusted).
Key Q4 highlights include net interest income of $400.0 million, with a net interest margin of 3.30%. Period-end total deposits reached $40.8 billion, while total loans stood at $36.3 billion. Credit quality remained strong with net charge-offs at 21 basis points of average loans.
The company announced the retirement of President and COO Mark Sander, effective June 30, 2025, and appointed Daniel S. Hermann as new Lead Independent Director. Additionally, Old National announced a pending partnership with Bremer Financial
Old National Bancorp (NASDAQ: ONB) has announced its schedule for fourth-quarter and full-year 2024 earnings release and conference call. The earnings will be released on Tuesday, January 21, 2025, at approximately 7:00 A.M. ET, followed by a conference call at 10:00 A.M. ET.
As the sixth largest commercial bank headquartered in the Midwest, Old National serves clients primarily in the Midwest and Southeast regions. The bank manages approximately $54 billion of assets and $31 billion of assets under management, ranking among the top 30 banking companies headquartered in the United States. The company, which traces its roots to 1834, focuses on building long-term partnerships while supporting local communities, offering comprehensive services in consumer and commercial banking, wealth management, and capital markets.
Old National Bancorp (NASDAQ: ONB) has announced the pricing of a public offering of 19,047,619 shares of common stock at $21.00 per share, totaling $400 million. The net proceeds will be approximately $384 million. The company entered into a forward sale agreement with Citigroup's affiliate, with settlement expected within 12 months. The underwriters have an option to purchase additional 2,857,143 shares. Old National plans to use the proceeds for general corporate purposes, including potentially contributing Tier 1 capital to Old National Bank. The offering is expected to close on November 26, 2024.
Old National Bancorp (NASDAQ: ONB) and Bremer Financial announced a definitive merger agreement. Bremer, with $16.2 billion in total assets, will strengthen Old National's presence in the Twin Cities and expand into Minnesota, North Dakota, and Wisconsin markets. The combined organization will have over $70 billion in assets. The transaction, valued at approximately $1,401 million, includes 70 banking centers across three states. Each Bremer share will receive 4.182 ONB shares plus $26.22 in cash. The merger is expected to close in mid-2025, subject to regulatory approvals.
Old National Bank (NASDAQ: ONB) has earned multiple 2025 Military Friendly® designations, including the top Gold Award as a Military Friendly® Employer. The bank was recognized in four categories: Employer, Company, Supplier Diversity Program, and Brand. Over 1,200 companies participated in this year's survey.
The bank's Military Veterans Impact Network (MVIN), comprising approximately 100 team members across the Midwest and Southeast, creates programs for transitioning veterans and provides support through education, resources, and networking opportunities. ONB also offers a mentoring program pairing veterans with Executive Leadership Team members.
Old National, the sixth largest commercial bank headquartered in the Midwest with approximately $54 billion in assets, was recognized for its commitment to creating sustainable benefits for active duty, reserves, guard, veterans, and their spouses.
Old National Bancorp has declared its quarterly dividends. The company will pay a cash dividend of $0.14 per share on common stock, payable December 16, 2024, to shareholders of record as of December 5, 2024. Additionally, a quarterly dividend of $17.50 per share was declared on its Series A and Series C Preferred Stock, payable February 20, 2025, to shareholders of record as of February 5, 2025. Old National, the sixth largest commercial bank in the Midwest, manages approximately $54 billion in assets and $31 billion in assets under management, ranking among the top 30 U.S. banking companies.
Old National Bancorp (NASDAQ: ONB) launches two new digital financial education initiatives: the Real-Life Finance Podcast and Smart Money Half-Minute video series. The podcast, hosted by Financial Empowerment Director Ben Joergens, focuses on everyday financial solutions, while the weekly videos feature young adults sharing financial management advice. The initiatives complement Old National's existing Real-Life Finance eLearning platform, which offers 46 lessons for $4.95 lifetime access, covering topics from Financial Psychology to Home Ownership. Old National Bank, with $54 billion in assets and $31 billion in assets under management, ranks among the top 30 U.S. banking companies.
FAQ
What is the current stock price of Old Natl Bancorp Ind (ONB)?
What is the market cap of Old Natl Bancorp Ind (ONB)?
What are the core services provided by Old National Bancorp?
How does Old National Bancorp demonstrate its commitment to community banking?
In which regions does Old National Bancorp primarily operate?
What role does digital transformation play in Old National Bancorp's strategy?
How has the company expanded its reach through acquisitions?
What distinguishes Old National Bancorp from other regional banks?
How does the company manage risk and ensure credit quality?
What are the benefits of its wealth management and investment services?
