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.
UMB Financial Corporation (Nasdaq: UMBF) announced an agreement to acquire the health savings account (HSA) business of Old National Bank (Nasdaq: ONB). The deal involves approximately $500 million in client assets, enhancing UMB's direct-to-employer business with around 157,000 accounts across more than 3,000 employer groups. The transaction is part of UMB's strategy for growth in the HSA sector, aiming to leverage synergies from the experienced team transitioning from Old National. The acquisition is pending regulatory approval and expected to close in Q4 2022.
Old National Bancorp (NASDAQ: ONB) has declared a quarterly cash dividend of $0.14 per share on its common stock, payable on June 15, 2022, to shareholders of record by June 1, 2022. Additionally, a cash dividend of $17.50 per share on its 7.0% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series A and C, will be paid on August 20, 2022, to shareholders of record by August 5, 2022. Old National ranks among the top 35 U.S. banking companies, with approximately $46 billion in assets.
Old National Bank (NASDAQ: ONB) has appointed six new Market Presidents across its Illinois locations to enhance community engagement and leadership. The new leaders, including Mike Jamieson and Bob Kelly, will spearhead local brand activation and relationship-building efforts. This follows the completion of Old National's merger with First Midwest Bancorp, positioning them as the sixth largest commercial bank in the Midwest with $46 billion in assets. The appointments reflect the bank's commitment to strengthening its presence and addressing community needs.
Old National Bancorp (NASDAQ: ONB) reported a net loss of $29.6 million for Q1 2022, translating to a diluted EPS of $(0.13). Adjusted net income was $91.6 million, or $0.40 per diluted share, driven by strong commercial loan growth following the merger with First Midwest. Net interest income reached $226.6 million, with a net interest margin of 2.88%. Total loans increased to $28.4 billion, while total deposits rose to $35.6 billion. The company incurred $96.3 million in CECL Day 1 provision expenses and $52.3 million in merger-related charges, impacting overall financial performance.
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.
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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.
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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.