Welcome to our dedicated page for Old Natl Bancorp Ind news (Ticker: ONB), a resource for investors and traders seeking the latest updates and insights on Old Natl Bancorp Ind stock.
Old National Bancorp (NASDAQ: ONB) is the bank holding company for Old National Bank and a regional commercial bank headquartered in Evansville, Indiana. The company describes itself as the sixth largest commercial bank headquartered in the Midwest, serving clients primarily in the Midwest and Southeast. With approximately $71 billion of assets and $38 billion of assets under management, Old National ranks among the top 25 banking companies headquartered in the United States, according to its public statements.
This news page aggregates coverage of ONB, highlighting developments that matter to shareholders, depositors, and other stakeholders. Regular items include quarterly and annual earnings releases, where Old National reports metrics such as net income, net interest income, net interest margin, loan and deposit trends, credit quality indicators, and capital ratios. These earnings updates often reference non-GAAP measures that management uses to evaluate operating performance.
Investors can also follow dividend announcements on both common stock and preferred stock, as disclosed in press releases and corresponding Form 8-K filings. Old National’s news flow further covers corporate actions and strategic developments, such as its partnership and merger with Bremer Financial Corporation, as well as leadership updates and participation in industry conferences.
Because Old National emphasizes community engagement and relationship banking, news items may also feature community initiatives and volunteer programs, including events like its "Better Together Days" volunteer blitz across its Midwest and Southeast footprint. For those tracking the company’s wealth management expansion, updates from its 1834 division provide insight into services for high and ultra-high net-worth clients and institutional relationships.
By reviewing the ONB news feed, users can monitor financial performance, capital actions, strategic transactions, and community-focused activities in one place.
On November 1, 2022, Old National Bancorp will celebrate its merger with First Midwest Bancorp by ringing the closing bell at Nasdaq. CEO Jim Ryan, along with other executives, will represent the company in this symbolic event. Old National, a leading commercial bank in the Midwest with approximately $46 billion in assets, has been recognized as a World’s Most Ethical Company for 11 consecutive years. This event also coincides with the bank's upcoming 188th anniversary.
Old National Bancorp (NASDAQ: ONB) reported a strong financial performance for 3Q22, with net income applicable to common shares reaching $136.1 million and diluted EPS of $0.47. Adjusted net income was $150.4 million with an adjusted EPS of $0.51, marking a nearly 19% year-over-year growth. Total loans increased by 13.2% annualized to $30.5 billion, while net interest income rose 11.6% to $381.5 million. However, noninterest income fell by 9.8% to $80.4 million, reflecting lower wealth management revenues.
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Old National Bancorp (NASDAQ: ONB) has scheduled its third-quarter 2022 earnings release for October 25, 2022, at 8:00 A.M. ET, followed by a conference call at 10:00 A.M. ET. Dial-in numbers are U.S. (844) 200-6205 and International (929) 526-1599, access code 504244. A webcast will be available on Old National’s Investor Relations website, and a replay will be accessible one hour post-call until November 8, 2022. Old National, a leading Midwest bank with $46 billion in assets, emphasizes community banking and ethical practices.
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Old National Bancorp (NASDAQ: ONB) has declared a quarterly cash dividend of $0.14 per share on common stock, payable on September 15, 2022, to shareholders of record by close of business on September 1, 2022.
Additionally, a dividend of $17.50 per share on its 7.0% Fixed Rate Non-Cumulative Perpetual Preferred Stock (Series A and C) has been announced, set for November 20, 2022, to shareholders of record as of November 5, 2022.
Old National Bank has appointed Brent Tischler as the new Community Banking CEO. Tischler brings 24 years of experience in finance and consumer banking, previously serving as EVP at Associated Bank. He has a strong background in consumer and small business banking, strategic planning, and digital enablement. Tischler is an alumnus of Indiana University and the University of Chicago. His leadership is expected to strengthen Old National's presence in the Midwest. The bank, with assets totaling approximately $46 billion, has a long-standing commitment to community banking.
Old National Bank has appointed Rafael A. Sanchez as EVP, Chief Impact Officer, effective July 26, 2022. In this newly created role, Sanchez will spearhead initiatives aimed at the financial advancement of underrepresented communities. He will continue serving as the Indianapolis Market President and engage in regional government relations. A law degree holder from Indiana University, Sanchez has been with ONB since 2018 and previously led Indianapolis Power & Light Co. The bank manages assets totaling approximately $46 billion.
Old National Bancorp (ONB) reported a strong second quarter of 2022, with net income applicable to common shares of $111.0 million and diluted EPS of $0.38. Adjusted net income reached $134.6 million, or $0.46 per share. Highlights include a 17% increase in annualized loan growth, net interest income of $341.8 million, and a net interest margin of 3.33%. The merger with First Midwest Bancorp has positively impacted production, with total loans at $29.6 billion.
However, merger-related charges amounted to $36.6 million, influencing earnings.
Old National Bancorp (NASDAQ: ONB) will release its second-quarter 2022 earnings on July 26, 2022, at approximately 8:00 A.M. ET. A conference call is scheduled for the same day at 10:00 A.M. ET. Participants can join by calling (844) 200-6205 for U.S. callers and (929) 526-1599 for international callers.
For those unable to attend live, a replay will be available shortly after the call. Old National, with approximately $46 billion in assets, ranks among the top 35 U.S. banking companies.