Old Natl Bancorp Ind Stock Price, News & Analysis

Old National Bancorp has declared a quarterly dividend of $0.14 per share on its common stock, payable on March 15, 2022. Shareholders of record as of March 4, 2022 will receive this dividend, with the ex-date being March 3, 2022. This dividend represents an annualized yield of 3.0% based on its closing price of $18.87 on January 26, 2022. Old National Bancorp, with $24.5 billion in assets, is the largest bank holding company in Indiana and operates in several states, providing extensive banking and wealth management services.

Old National Bancorp (NASDAQ: ONB) reported a net income of $56.2 million for Q4 2021, with diluted EPS of $0.34, showcasing robust commercial loan growth and controlled expenses. Adjusted net income reached $60.9 million or $0.37 per diluted share. For the full year, net income stood at $277.5 million ($1.67 per diluted share), driven by a 6.9% growth in commercial loans. Despite a decrease in net interest income to $146.8 million, the company maintained strong credit quality with a non-performing loans ratio of 0.92%.

Old National Bancorp (NASDAQ: ONB) will announce its fourth-quarter and full-year 2021 financial results on January 18, 2022. A conference call at 9:00 a.m. (Central) will provide insights into these results, including strategic developments and the company's financial outlook. The call will be accessible via a U.S. and international dial-in number, with a replay available from January 18 to February 1. Old National Bancorp, headquartered in Indiana, is a major player in community banking with $24.0 billion in assets and a presence in five states.

Old National Bank has been recognized as the number one Indiana-based lender and the second overall lender in Indiana for the SBA's 2021 fiscal year 7a loan volume rankings. The bank's SBA 7a loan volume doubled to $141 million, a significant increase from $70 million in 2020. Notable growth was reported across several states, with Michigan seeing a 129% increase and Minnesota a 65% increase in loan volume. The bank aims to support small business growth through its dedicated SBA services.

The Board of Directors of Old National Bancorp (ONB) declared a quarterly cash dividend of $0.14 per share, payable on December 15, 2021, to shareholders recorded by December 6, 2021. With an ex-dividend date of December 3, 2021, the annualized yield stands at 3.3% based on the closing price of $17.18 on October 27, 2021. Old National, holding $24.0 billion in assets, is recognized among the top 100 banking companies in the U.S.

Old National Bancorp (NASDAQ: ONB) reported a strong 3Q21 with a net income of $71.7 million and a diluted EPS of $0.43. Adjusted net income remained at $71.8 million, indicating no change in earnings per share. The quarter saw significant commercial loan growth, up $171.7 million, while total loans decreased by $198.7 million primarily due to a drop in PPP loans. Deposits rose 7.3% to $18.2 billion, driven by an increase in noninterest-bearing deposits. The company continues its merger with First Midwest Bank, pending Federal Reserve approval.

Old National Bancorp (NASDAQ: ONB) will announce its third-quarter 2021 financial results on October 19, 2021. A conference call will follow at 9:00 a.m. Central Time to discuss these results and the Company’s financial outlook. Interested parties can access the call via the provided dial-in numbers and a webcast will be available on the Investor Relations page of Old National’s website. Old National, with $23.7 billion in assets, is the largest bank holding company in Indiana and has a long-standing commitment to ethical banking practices.

Old National Bancorp (NASDAQ: ONB) has declared a quarterly cash dividend of $0.14 per share on its outstanding common stock. This dividend will be payable on September 15, 2021, to shareholders of record as of September 1, 2021. The ex-dividend date is August 31, 2021. With a closing price of $16.24 on July 28, 2021, this translates to an annualized dividend yield of 3.4%. Old National is the largest bank holding company in Indiana, boasting $23.7 billion in assets and recognized as a World’s Most Ethical Company.

Old National Bank (ONB) has appointed three key executives to strengthen its Wealth Group, focusing on Investment Management and High-Net-Worth services. Jim Steiner, Joe Colianni, and Eric Holman join from Abbot Downing, which saw its assets under management grow from $26 billion to $48 billion from 2011 to 2020. This strategic hire aligns with ONB's goal to enhance customized client services and expand its geographic reach, notably with new operations in Scottsdale, Arizona. Steiner will serve as Chief Investment Officer, while Colianni and Holman take pivotal leadership roles in high-net-worth advisory and risk management, respectively.