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 announces the promotion of Kendra Vanzo to Senior Executive Vice President. Vanzo, with the company since 1994, has held various leadership positions and has been instrumental in numerous projects. CEO Jim Ryan praised her as a passionate leader who inspires others. Vanzo holds a Bachelor's degree in business administration and an MBA. She is actively involved in her community, serving on several boards and earning multiple awards for her contributions. Old National, based in Indiana, is a top 100 U.S. bank with $23.0 billion in assets.
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Old National Bank has been recognized as one of the World's Most Ethical Companies in 2021 by Ethisphere for the 10th consecutive year. The bank is among five recognized in the banking sector, with 135 honorees across 22 countries. Ethisphere's index shows these companies outperformed large-cap peers by 7.1% from January 2016 to January 2021. The recognition highlights the bank's commitment to high ethical standards, transparency, and integrity in serving clients and communities.
Old National Bancorp (NASDAQ: ONB) has declared a quarterly cash dividend of $0.14 per share, payable on March 15, 2021, to shareholders of record on March 1, 2021. This dividend yields 3.3% based on the closing price of $17.09 on January 27, 2021. Additionally, the company has approved a stock repurchase plan authorizing the buyback of up to $100 million of its common stock through January 31, 2022, aimed at enhancing shareholder value.
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.