Old National Receives BauerFinancial 5-Star Rating
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.
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Rhea-AI Summary
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.
Positive
- 5-Star rating from BauerFinancial, indicating superior financial strength.
- Approximately $53 billion in assets, ranking among the top 30 U.S. banking companies.
- Recognized as one of “The Civic 50” by Points of Light for community involvement.
Negative
- None.
Details
News Market Reaction – ONB
The recorded move for ONB in the trading session of this news was +0.74%.
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AI-generated analysis. How Rhea-AI works. Not financial advice.
EVANSVILLE, Ind., June 20, 2024 (GLOBE NEWSWIRE) -- (NASDAQ: ONB) – Old National Bancorp (“Old National”) has received a 5-Star “Superior” rating from BauerFinancial.
“Old National is pleased to once again receive the highest star rating from BauerFinancial,” said Jim Ryan, Old National Chairman and CEO. “This award, based on independent research, recognizes the strength and stability of Old National and our ability to consistently exceed our clients’ expectations.”
Since 1983, BauerFinancial has used a 5-Star scale to analyze and grade banks in the United States. Institutions cannot opt out of or pay for a BauerFinancial rating.
BauerFinancial rates banks quarterly. Analysis includes profitability/loss trend, the market versus book value of the investment portfolio, community reinvestment rating, liquidity, historical data and more.
To learn more about Old National’s long history of strength and stability, go to oldnational.com/about-us/our-company.
ABOUT OLD NATIONAL
Old National Bancorp (NASDAQ: ONB) is the holding company of Old National Bank. The sixth largest commercial bank headquartered in the Midwest, Old National proudly serves clients in the Midwest and Southeast. With approximately
Investor Relations:
Lynell Durchholz
(812) 464-1366
lynell.durchholz@oldnational.com
Media Relations:
Rick Vach
(904) 535-9489
rick.vach@oldnational.com
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