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.
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.
Old National Bancorp (NASDAQ: ONB) reported 2Q21 net income of $62.8 million, or $0.38 per diluted share. Adjusted net income was $67.4 million, or $0.41 per diluted share. Strong commercial loan production yielded over 11% annualized growth, with total commercial loans increasing by $250.2 million. The net interest margin was stable at 2.91%. However, total loans decreased to $13,834.8 million, primarily due to a $403 million drop in PPP loans. The company is set to merge with First Midwest Bank, aiming for enhanced growth and shareholder value.
Old National Bancorp (NASDAQ: ONB) will announce its second-quarter 2021 financial results on July 20, 2021, followed by a conference call at 9:00 a.m. (Eastern). The event will discuss results, strategic developments, and financial outlook. Investors can access the earnings release, presentation slides, and a live audio webcast via the Investor Relations section of Old National's website. Old National ranks as Indiana's largest bank holding company, with assets of $23.7 billion and recognition as a World's Most Ethical Company for a decade.
Old National Bancorp and First Midwest Bancorp have agreed to merge in an all-stock transaction valued at $6.5 billion, creating a leading Midwestern bank with combined assets of $45 billion. Each First Midwest shareholder will receive 1.1336 shares of Old National stock. The merger will result in dual headquarters in Evansville, Indiana, and Chicago, Illinois, with key executives from both banks retaining significant leadership roles. The merger is expected to enhance market position, increase profitability, and drive digital advancements while promoting community engagement.
Old National Bancorp has appointed John Moran as Chief Strategy Officer, rejoining the firm where he previously served as Director of Corporate Development and Strategy from 2017 to 2019. Moran will oversee partnership activities, investor relations, and corporate strategic planning, bringing extensive experience from his prior role as CFO at NBT Bancorp. His background includes over 15 years in investment research. Old National, headquartered in Indiana, has $23.7 billion in assets and has been recognized as a World's Most Ethical Company for ten consecutive years.
The Board of Directors of Old National Bancorp (NASDAQ: ONB) has declared a quarterly cash dividend of $0.14 per share, payable on June 15, 2021, to shareholders of record by June 1, 2021. The ex-dividend date is set for May 28, 2021. Based on the closing price of $19.11 on April 28, 2021, this dividend represents an annualized yield of 2.9%. Old National is recognized as a top 100 banking company in the U.S. with $23.7 billion in assets, emphasizing community banking across several states.
Old National Bancorp (NASDAQ: ONB) reported a strong 1Q21 with a net income of $86.8 million and a diluted EPS of $0.52. Adjusted net income also stood at $86.4 million. Key highlights include record commercial loan production of $718 million and a total loan increase to $13.98 billion. Despite a decrease in net interest income to $148.1 million and a net interest margin drop to 2.94%, the bank showed strong credit quality with non-performing loans decreasing to 1.13%.
Old National Bancorp (NASDAQ: ONB) will announce its first-quarter 2021 financial results on April 19, 2021, before market opening. Following the release, a conference call will occur at 9:00 a.m. Central Time to discuss results and future outlook. The earnings release, audio webcast, and presentation will be available on the company’s Investor Relations page. Old National, established in 1834, has $23.0 billion in assets and is recognized for its ethical standards, serving clients across Indiana, Kentucky, Michigan, Minnesota, and Wisconsin.