Old Natl Bancorp Ind Stock Price, News & Analysis

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.

Old National Bancorp (NASDAQ: ONB) reported a net income of $51.7 million for Q2 2020, translating to a diluted EPS of $0.32. Adjusted net income rose to $55.1 million, or $0.33 per share. The bank's strong loan production was highlighted by aiding over 9,400 clients in securing Paycheck Protection Program funding, impacting nearly 160,000 employees. The bank maintained robust credit quality metrics with net charge-offs at only 0.02%. Total loans stood at $13.7 billion, including $1.46 billion in PPP loans, while total deposits increased to $16.3 billion.

Old National Bancorp (NASDAQ: ONB) and Infosys (NYSE: INFY) have announced a strategic partnership aimed at accelerating ONB's digital transformation. This collaboration focuses on modernizing technology infrastructure to enhance client and employee experiences. Key goals include improving operational efficiency, promoting innovation, and streamlining processes. Infosys will also hire American workers in Indiana, supporting local talent development. This initiative aligns with ONB's objectives of becoming a top-performing independent bank and deepening client relationships.

Old National Bancorp (NASDAQ: ONB) will announce its Q2 2020 financial results on July 20, 2020, before market opening. A conference call will follow at 8:00 a.m. Central to discuss results, strategic developments, and financial outlook. The call will be archived for 12 months, with audio replay available from July 20 through August 2. Old National Bancorp, based in Indiana, holds $20.7 billion in assets and has been recognized as a World’s Most Ethical Company for nine years. The company operates across Indiana, Kentucky, Michigan, Wisconsin, and Minnesota.