Old Natl Bancorp Ind Stock Price, News & Analysis

Old National Bancorp (NASDAQ: ONB) announced its schedule for the first-quarter 2022 earnings release and conference call. The earnings release will occur on April 26, 2022, 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 webcast on Old National's Investor Relations website. The replay of the call will be available for a limited time after completion. Old National is recognized for its ethical practices and ranks among the top 35 banking companies in the U.S., with over $46 billion in assets.

Old National Bancorp (NASDAQ: ONB) announced a quarterly cash dividend of $17.50 per share on its 7.0% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series A and C. The dividend, equivalent to $0.4375 per depositary share, is payable on May 20, 2022 to stockholders of record by May 5, 2022. This reflects the company's continued commitment to returning value to its shareholders.

Old National Bank announced its expansion into the greater Kansas City region with the opening of a new Commercial Banking office. The bank has hired Steve Liggett as Market President and David Robinson as Corporate Relationship Manager, both with extensive local banking experience. This move is part of Old National's strategy to enhance its commercial capabilities and strengthen its presence in the market. With over $46 billion in assets, Old National is recognized as a top banking company in the U.S. and aims to maintain its commitment to community banking.

Old National Bancorp (NASDAQ: ONB) announced that CEO Jim Ryan will participate in a virtual bank mergers and acquisitions panel at the 2022 RBC Capital Markets Financial Institutions Conference on March 9, 2022, at 1:20 p.m. Eastern Time. Interested investors can access the live webcast through the Investor Relations section of oldnational.com, with a replay available afterward. Old National, the largest bank holding company in Indiana, completed a merger with First Midwest Bancorp and manages over $34 billion in assets, recognized as a World’s Most Ethical Company for 10 consecutive years.

Old National Bancorp (NASDAQ: ONB) announced a new stock repurchase program, allowing up to $200 million in buybacks of its common stock. These transactions may occur on the open market or via private negotiations and will be active until January 31, 2023. This strategic move aims to enhance shareholder value as the company continues to solidify its position within the competitive banking sector, boasting over $46 billion in assets after its recent merger with First Midwest Bancorp.

On February 16, 2022, Old National Bancorp and First Midwest Bancorp announced the successful completion of their all-stock merger, forming the sixth-largest commercial bank in the Midwest with over $46 billion in assets. The merger, effective February 15, 2022, allows former First Midwest shareholders to receive 1.1336 shares of Old National stock per share held. The new company will continue under the Old National brand with a dual headquarters in Evansville and Chicago, and an integrated financial services approach aimed at enhancing customer engagement and market reach.

Old National Bancorp (NASDAQ: ONB) announced an $8.3 billion Community Growth Plan to support underserved communities, pending the merger with First Midwest. The Plan includes nearly $5 billion for community lending to low-to-moderate income (LMI) borrowers and $3.3 billion for community development projects over five years. Key commitments include $2 billion for mortgage lending, $3 billion for small business loans, and over $3 billion for community development investments. The combined entity will emerge as a significant banking force in the Midwest, enhancing services across its footprint.