Old National Bancorp - ONB STOCK NEWS

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.

Old National Bancorp team members, Jeff Boudreau and Cheri Rubocki, were honored by Military Friendly®. Boudreau received the Employee Veteran Leadership award, while Rubocki was named Veteran Champion of the Year in Corporate America. Both employees have shown exceptional dedication to supporting veterans in the civilian workforce. This recognition highlights Old National's commitment to creating sustainable programs for veterans.

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.