Welcome to our dedicated page for Old National Bancorp news (Ticker: ONB), a resource for investors and traders seeking the latest updates and insights on Old National Bancorp stock.
Old National Bancorp (NASDAQ: ONB) is the largest financial services holding company headquartered in Indiana, with approximately $53 billion in assets and $29 billion in assets under management as of Q1 2024. Founded in Evansville in 1834, Old National Bank (ONB) has a rich history in community banking, focusing on building long-term, valued partnerships in regions including Indiana, Illinois, Kentucky, and Michigan. ONB provides a comprehensive suite of services encompassing retail and commercial banking, wealth management, investments, and brokerage. Additionally, ONB owns Old National Insurance, one of the top 100 brokers in the U.S.
Recently, Old National has expanded its footprint through strategic acquisitions, including the recent merger with CapStar Financial Holdings, Inc., enhancing its presence in high-growth markets like Nashville, Tennessee. This acquisition, slated for completion in Q3 2024, brings ONB's total assets to approximately $53 billion. The company continually strives to improve its service offerings and operational efficiency, evident from its partnerships with leading alternative investment platforms like Proteus, enhancing investment options for high-net-worth clients.
ONB's financial health remains strong, with Q1 2024 net income applicable to common shares reported at $116.3 million, or $0.40 per diluted common share. Excluding notable transactions, the adjusted net income stands at $130.8 million, or $0.45 per diluted share. The company boasts stable low-cost deposits, strong credit quality, and disciplined expense management. Its resilience is further underscored by its effective handling of various operational and environmental challenges, including the FDIC special assessment and the integration costs associated with its mergers.
Old National is committed to maintaining robust community banking services, providing tailored financial solutions, and fostering regional economic growth. Investors can access comprehensive financial data and updates via the company’s Investor Relations page.
Infosys (NSE: INFY) (BSE: INFY) (NYSE: INFY) and Old National Bank (NASDAQ: ONB) have expanded their strategic collaboration to accelerate the bank's operational and technological transformation. The partnership, which began in 2020, has enabled Old National to modernize its digital landscape using a self-funding model, resulting in improved stability, resiliency, and client experience.
The expanded collaboration will leverage Infosys' services, solutions, and platforms for operations transformation and process digitization powered by automation and GenAI. Jim Ryan, Chairman & CEO of Old National Bank, emphasized their commitment to exceptional client and team member experiences, while Dennis Gada, EVP and Global Head of Banking and Financial Services at Infosys, highlighted the cultural and strategic alignment between the two companies.
Old National Bancorp (NASDAQ: ONB) achieved record-breaking participation in its 3rd annual Better Together Days, a two-day volunteer initiative held on Sept. 18-19, 2024. The event saw 2,433 team members contribute 7,600 hours to 196 organizations across nine states. This volunteer blitz, which included virtual opportunities, allowed employees to serve communities in Illinois, Indiana, Iowa, Kentucky, Michigan, Minnesota, North Carolina, Tennessee, and Wisconsin.
Kathy Schoettlin, Chief Brand & Culture Officer, emphasized the importance of this initiative in maintaining the bank's community-focused mission. Old National, the sixth largest commercial bank in the Midwest with $53 billion in assets and $30 billion in assets under management, ranks among the top 30 banking companies in the United States. The company was also recognized as one of 'The Civic 50' by Points of Light in 2024 for its community engagement.
Old National Bancorp (NASDAQ: ONB) announced that its Chairman and CEO Jim Ryan will present at the 2024 Barclays Global Financial Services Conference in New York on September 10, 2024, at 2:00 p.m. ET. The presentation will be accessible via live webcast through the company's Investor Relations website, with a replay available for 90 days after the event.
Old National Bank, the sixth largest commercial bank in the Midwest, serves clients primarily in the Midwest and Southeast. With $53 billion in assets and $30 billion in assets under management, Old National ranks among the top 30 banking companies in the United States. Founded in 1834, the bank focuses on building long-term partnerships with clients and supporting local communities. Old National offers comprehensive services in consumer and commercial banking, wealth management, and capital markets.
Old National Bancorp (NASDAQ: ONB) has announced quarterly dividends for its shareholders. The company's Board of Directors declared a cash dividend of $0.14 per share on common stock, payable on September 16, 2024, to shareholders of record as of September 5, 2024. Additionally, a quarterly cash dividend of $17.50 per share was declared on the company's 7.0% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series A and C, payable on November 20, 2024, to shareholders of record as of November 5, 2024.
Old National Bancorp, with $53 billion in assets and $30 billion in assets under management, ranks among the top 30 banking companies in the United States. The company focuses on building long-term partnerships with clients and supporting communities, offering services in consumer and commercial banking, wealth management, and capital markets.
Old National Bancorp (NASDAQ: ONB) has received a top score of 100 on the Disability Equality Index, recognizing it as a 'Best Place to Work for Disability Inclusion'. This achievement underscores Old National's commitment to providing opportunities for individuals with disabilities at all levels of the organization.
The Disability Equality Index, a joint initiative of Disability:IN and The American Association of People with Disabilities (AAPD), is the world's most comprehensive benchmarking tool for measuring disability workplace inclusion. In 2024, 542 corporations, including 71 Fortune 100 and 220 Fortune 500 companies, participated in the assessment.
Old National, the sixth largest commercial bank headquartered in the Midwest, serves clients primarily in the Midwest and Southeast. With approximately $53 billion in assets and $30 billion in assets under management, it ranks among the top 30 banking companies in the United States.
Old National Bancorp (NASDAQ: ONB) reported strong Q2 2024 results, with net income of $117.2 million and diluted EPS of $0.37. Adjusted figures were $144.1 million and $0.46 respectively. Highlights include:
- Net interest income (FTE) of $394.8 million
- Net interest margin (FTE) of 3.33%, up 5 bps
- Period-end total deposits of $40.0 billion, up $2.3 billion
- End-of-period total loans of $36.2 billion, up $2.6 billion
- Provision for credit losses of $36.2 million
The company successfully closed its CapStar Bank partnership, expanding its presence in Nashville and other Southeastern markets. Credit quality remains strong with net charge-offs at 16 bps of average loans.
Old National Bancorp (NASDAQ: ONB), the holding company of Old National Bank, has announced the schedule for its second-quarter 2024 earnings release and conference call. The earnings release will occur on Tuesday, July 23, 2024, at approximately 8:00 A.M. ET, followed by a conference call at 10:00 A.M. ET. Investors can access the call via dial-in numbers or through the Old National Investor Relations website, where a webcast and replay will be available.
Old National Bancorp, headquartered in Evansville, Indiana, is the sixth largest commercial bank in the Midwest, with approximately $53 billion in assets and $29 billion in assets under management. The bank focuses on building long-term partnerships with clients and supporting the communities it serves. For additional details, visit Old National's Investor Relations website.
Old National Bancorp (NASDAQ: ONB) has been awarded a 5-Star rating from BauerFinancial, a prestigious recognition reflecting the bank's financial strength and stability. The rating is based on independent research and evaluates various metrics such as profitability trends, market versus book value, community reinvestment rating, and liquidity. Old National, the sixth-largest commercial bank in the Midwest, manages approximately $53 billion in assets and focuses on building long-term client relationships. The bank was also recognized as one of “The Civic 50” by Points of Light in 2024 for its community-minded efforts.
Old National Bancorp (NASDAQ: ONB) has been recognized by Points of Light as one of 'The Civic 50' for 2024. This annual list honors the 50 most community-minded companies in the U.S. based on corporate citizenship, social impact, and community engagement. Old National's employees volunteered over 57,000 hours in 2023. The Civic 50 honorees collectively engaged 450,000 employees for 6.5 million volunteer hours and donated over $1.5 billion in financial resources and $2.6 billion in in-kind goods and services. This recognition highlights the company's dedication to leveraging its resources to address community needs and promote employee well-being.
Old National Bancorp announced a quarterly cash dividend of $0.14 per share on its common stock, payable on June 17, 2024, to shareholders of record by June 5, 2024.
The Board also declared a quarterly dividend of $17.50 per share on its 7.0% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series A and C, equivalent to $0.4375 per depositary share, payable on August 20, 2024, to shareholders of record by August 5, 2024.
Old National Bancorp, with $53 billion in assets and $29 billion under management, ranks among the top 30 U.S. banking companies.
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