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Old National Bancorp - ONB STOCK NEWS

Welcome to our dedicated news page for Old National Bancorp (Ticker: ONB), a resource for investors and traders seeking the latest updates and insights on Old National Bancorp.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Old National Bancorp's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Old National Bancorp's position in the market.

News
Old National Bancorp Reports First Quarter 2024 Results
Rhea-AI Summary
Old National Bancorp (ONB) reported strong first quarter 2024 results with net income applicable to common shares of $116.3 million and adjusted EPS of $0.45. The CEO highlighted growth in deposit franchise, disciplined loan growth, and successful partnership with CapStar Bank. Key financial metrics include net interest income of $362.7 million, total deposits of $37.7 billion, total loans of $33.6 billion, provision for credit losses of $18.9 million, and an efficiency ratio of 53.4%. The company completed the acquisition of CapStar Financial Holdings, Inc., strengthening its market presence.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.06%
Tags
earnings
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News
Old National Releases 2023 ESG Report
Rhea-AI Summary
Old National Bancorp releases its 2023 Environmental, Social, and Governance (ESG) Report, highlighting strength, stability, and commitment to the community. The report showcases the company's dedication to governance, ethics, client service, team member engagement, diversity, equity, inclusion, community engagement, and sustainability. Chairman & CEO Jim Ryan emphasizes the company's focus on exceeding client, community, and team member expectations through various initiatives.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.34%
Tags
none
-
News
Old National Bancorp Announces Schedule for First-Quarter 2024 Earnings Release and Conference Call
Rhea-AI Summary
Old National Bancorp announces the schedule for its first-quarter 2024 earnings release and conference call. The earnings release is set for April 23, 2024, at 8:00 A.M. ET, followed by a conference call at 10:00 A.M. ET. Investors can access the webcast and replays via Old National's Investor Relations website. Dial-in and access codes are provided for both domestic and international participants.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.8%
Tags
earnings
News
We Remember April 10: Honoring the Victims of Louisville Tragedy
Rhea-AI Summary
Old National announces office closings to honor victims and families, along with blood drive partnership with the American Red Cross.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.8%
Tags
none
-
News
Old National Announces Completion of Merger with CapStar
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.37%
Tags
acquisition
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News
Old National Bancorp to Present at the 2024 RBC Capital Markets Financial Institutions Conference
Rhea-AI Summary
Old National Bancorp (ONB) Chairman and CEO to present at RBC Capital Markets Conference. Investors can access live webcast on oldnational.com.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.55%
Tags
conferences
News
Old National Bancorp Announces Quarterly Dividends and Stock Repurchase Program
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.28%
Tags
buyback dividends
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News
Old National Names Thurston as Corporate Banking Executive
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.53%
Tags
none
-
News
Old National's 4th Quarter and Record Full-Year Results Supported by Strong Deposit Franchise, Stable Credit Quality and Well-Managed Expenses
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.42%
Tags
none
News
Old National, NCRC Announce Addendum to Increase Community Growth Plan to $9.5 Billion
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.8%
Tags
none
Stock ONB logo
Old National Bancorp

Nasdaq:ONB

ONB Rankings

#1163 Ranked by Market Cap
#3885 Ranked by Stock Gains
#1022 Ranked by Dividends

ONB Stock Data

5.01B
289.30M
0.92%
78.18%
4%
Commercial Banking
Finance and Insurance
Link
US
Evansville

About ONB

old national bancorp (nasdaq: onb) is the largest financial services holding company headquartered in indiana and, with $12.1 billion in assets, ranks among the top 100 banking companies in the u.s. since its founding in evansville in 1834, old national bank has focused on community banking by building long-term, highly valued partnerships with clients in its primary footprint of indiana, east central illinois, kentucky and michigan. in addition to providing extensive services in retail and commercial banking, wealth management, investments and brokerage, old national also owns old national insurance, one of the 100 largest brokers in the u.s. for more information and financial data, please visit investor relations at oldnational.com. https://www.linkedin.com/company/old-national-bank