Old Natl Bancorp Ind Stock Price, News & Analysis

Old National Bancorp (ONB) reported a strong fourth quarter for 2020, with a net income of $74.1 million and diluted earnings per share (EPS) of $0.44. Adjusted net income was $76.6 million, or $0.46 per share. Full-year net income reached $226.4 million, or $1.36 per share, with adjusted net income of $250.3 million and $1.50 EPS. The bank's net interest income rose to $164.6 million, and its net interest margin improved to 3.26%. Total loans stood at $13.8 billion, with significant growth in commercial loans.

Old National Bancorp (NASDAQ: ONB) will announce its fourth-quarter and full-year 2020 financial results on January 19, 2021, before markets open. A conference call will follow at 9:00 a.m. CST to discuss these results and the company’s financial outlook. The audio webcast, earnings release, and presentation slides will be available on their Investor Relations page. Old National Bancorp, with $22.5 billion in assets, is recognized as one of the top 100 U.S. banking companies and has been named one of the World’s Most Ethical Companies for nine years in a row.

The Board of Directors of Old National Bancorp (NASDAQ: ONB) has declared a quarterly cash dividend of $0.14 per share, payable on December 15, 2020, to shareholders of record on December 1, 2020. The ex-dividend date is November 30, 2020. Based on the closing price of $13.67 on October 28, 2020, this dividend reflects an annualized yield of 4.1%. Old National, headquartered in Indiana, is the largest bank holding company in the state with $22.5 billion in assets.

Old National Bancorp (NASDAQ: ONB) reported a strong 3Q20 with a net income of $77.9 million, or $0.47 per diluted share, exceeding expectations. Adjusted net income was $76.4 million, reflecting effective management strategies. Key highlights include a 3.4% increase in adjusted pre-provision net revenue and a solid credit profile with no provision for credit losses. Total loans rose to $13.98 billion driven by remarkable commercial production, while noninterest income rose to $64.7 million.

Old National Bancorp (NASDAQ: ONB) will release its third-quarter 2020 financial results on October 19, prior to market opening. A conference call is scheduled for 9:00 a.m. (Central) to discuss these results and the company’s financial outlook. The webcast and presentation slides will be available on their Investor Relations page. Old National Bancorp, headquartered in Indiana, has $22.1 billion in assets, ranking among the top 100 U.S. banking companies and recognized as a World’s Most Ethical Company for nine years consecutively.

Old National Bancorp (NASDAQ: ONB) announces its participation in the National Cybersecurity Awareness Month through the #BanksNeverAskThat anti-phishing campaign. The campaign aims to educate consumers on identifying phishing scams, which resulted in $1.9 billion in losses in 2019 alone. Utilizing humor, the initiative highlights that legitimate banks will never request sensitive information via text or email. Old National's leadership emphasizes the importance of safeguarding client finances while providing fraud awareness resources throughout October.

Old National has introduced a new executive leadership role of EVP, Strategic Business Partnerships, filled by Roland Shelton, previously the Executive Business Development Officer. Shelton aims to drive business development opportunities for minority-owned and underrepresented businesses while enhancing community partnerships. He has over 30 years of experience and has previously contributed to significant fundraising campaigns and partnerships, including those with Butler University. Old National, headquartered in Indiana and a top 100 U.S. banking company, emphasizes community-focused services and ethical banking practices.

Old National Bancorp (NASDAQ: ONB) has declared a quarterly cash dividend of $0.14 per share, payable on September 15, 2020, to shareholders recorded by September 1, 2020. The ex-dividend date is August 31, 2020. This dividend yields 3.9% based on the closing price of $14.29 on July 29, 2020.

Old National Bancorp, headquartered in Indiana, ranks among the top 100 U.S. banking companies with assets of $22.1 billion and has been recognized as one of the World’s Most Ethical Companies for nine consecutive years.

Old National Bank has partnered with Bankable and the Mid-States Minority Supplier Development Council to support Minority Business Enterprises (MBEs) in Indiana. This collaboration will provide financing solutions and resources aimed at enhancing the stability and growth of MBEs impacted by COVID-19. Old National is contributing $50,000 to launch the initiative, reinforcing its commitment to economic development and financial empowerment for diverse businesses. The bank's efforts reflect its long-standing focus on community support and engagement in local economic activities.