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Old Natl Bancorp Ind - ONB STOCK NEWS

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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.

Rhea-AI Summary
Old National Bancorp (ONB) completes merger with CapStar Financial Holdings, Inc., expanding its assets to $52 billion and assets under management to $29 billion. The partnership aims to bring a client- and community-centered banking approach to Southeastern communities.
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Old National Bancorp (ONB) Chairman and CEO to present at RBC Capital Markets Conference. Investors can access live webcast on oldnational.com.
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Old National Bancorp (ONB) declares a quarterly cash dividend of $0.14 per share on common stock and $17.50 per share on preferred stock. Additionally, the company approves a $200 million stock repurchase program.
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Old National Bank appoints John C. Thurston as Corporate Banking Executive and Senior Vice President of Corporate Banking. Thurston brings over 30 years of banking industry experience to lead strategic initiatives, drive new business, and strengthen relationships with corporate clients.
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Old National Bancorp (NASDAQ: ONB) reported strong financial results for 4Q23, with net income applicable to common shares of $128.4 million and diluted EPS of $0.44. Adjusted figures were even higher, with net income of $134.6 million and EPS of $0.46. CEO Jim Ryan highlighted the company's strong performance, with a 17% year-over-year growth in tangible book value per share and a 3.7% average dividend yield for shareholders. The company also announced the retirement of Mike Scudder as Executive Chairman, with Jim Ryan succeeding him. Despite strong financials, the company faced challenges with lower net interest income and margin compression.
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Old National Bancorp announces a $1.2 billion addendum to its $8.3 billion Community Growth Plan, expanding its commitment to historically underserved and economically-disadvantaged individuals, families, and communities. The addendum, developed in collaboration with the National Community Reinvestment Coalition (NCRC), is subject to the closing of the partnership with CapStar Financial Holdings, Inc. The commitments include goals for mortgage lending, small business lending, community development lending and investments, philanthropic activities, and racial equity commitments.
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Proteus (PROT) has been chosen by 1834, a division of Old National Bank, as their alternative investment platform partner, marking a significant milestone in tailoring a custom-made alternative investing platform to cater to the evolving needs of 1834's expanding client base. The collaboration aims to enhance 1834's suite of alternative investment offerings, providing clients with access to a curated selection of investment opportunities including private equity, private credit, private real estate, hedge funds, and real assets. Proteus' innovative, evergreen feeder structure and ability to implement alternative model portfolios were key factors in their selection as a strategic partner. The partnership underscores Proteus' commitment to delivering cutting-edge technology and comprehensive support to its clients, integrating with 1834's existing infrastructure to provide a user-friendly interface for advisors and clients alike.
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Old National Bancorp (ONB) has announced the schedule for its fourth-quarter and full-year 2023 earnings release and conference call, set to take place on Tuesday, January 23, 2024, at 8:00 A.M. ET and 10:00 A.M. ET, respectively. The company has provided dial-in numbers for the conference call, as well as details for accessing the webcast, webcast replay, and telephone replay.
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Carrie Goldfeder, a seasoned credit executive with over 25 years of experience, has joined Old National Bank (NASDAQ: ONB) as Chief Credit Officer. She will oversee credit risk, lead the Credit Administration team, and advance portfolio management capabilities. Goldfeder's prior experience includes roles at Capital One and GE Capital.
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Old National Bancorp (NASDAQ: ONB) declares a quarterly cash dividend of $0.14 per share on common stock and $17.50 per share on preferred stock. The dividends are payable on December 15, 2023, and February 20, 2024, respectively. This announcement indicates the company's commitment to rewarding shareholders and providing consistent returns.
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FAQ

What is the current stock price of Old Natl Bancorp Ind (ONB)?

The current stock price of Old Natl Bancorp Ind (ONB) is $17.97 as of April 4, 2025.

What is the market cap of Old Natl Bancorp Ind (ONB)?

The market cap of Old Natl Bancorp Ind (ONB) is approximately 6.0B.

What are the core services provided by Old National Bancorp?

Old National Bancorp provides a full spectrum of financial services, including retail and commercial banking, wealth management, capital markets solutions, and insurance brokerage services.

How does Old National Bancorp demonstrate its commitment to community banking?

The company emphasizes long-term, value-driven partnerships and tailors its services to meet the unique needs of local communities in its primary markets.

In which regions does Old National Bancorp primarily operate?

Its primary footprint spans Indiana, East Central Illinois, Kentucky, Michigan, and selected Southeastern communities, ensuring a strong regional presence.

What role does digital transformation play in Old National Bancorp's strategy?

Digital transformation is integral to the company’s strategy, enhancing operational efficiency and client experience through advanced automation and digital banking platforms.

How has the company expanded its reach through acquisitions?

Old National Bancorp has strategically engaged in acquisitions that broaden its geographic footprint and diversify its product offerings while integrating new operations into its established framework.

What distinguishes Old National Bancorp from other regional banks?

Its longstanding history, community focus, comprehensive service suite, and continuous innovation in digital technologies set it apart from its peers.

How does the company manage risk and ensure credit quality?

The firm prioritizes strong risk management practices, maintaining resilient credit quality through disciplined lending standards and strategic asset management.

What are the benefits of its wealth management and investment services?

Clients benefit from personalized financial planning, expert investment advice, and a suite of wealth management services designed to align with their long-term financial goals.
Old Natl Bancorp Ind

Nasdaq:ONB

ONB Rankings

ONB Stock Data

5.99B
315.87M
0.83%
96.82%
12.21%
Banks - Regional
National Commercial Banks
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United States
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