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 reports news on its role as the holding company of Old National Bank, a regional bank serving clients primarily in the Midwest and Southeast. Coverage centers on consumer and commercial banking, wealth management, capital markets services, quarterly operating results, dividends, share repurchase authorization, and investor presentations.
Company updates also cover community banking themes, including financial education through Real-Life Finance®, Community Reinvestment Act activity, community investment reports, and programs for underserved individuals and neighborhoods. Leadership changes in commercial, corporate, specialty banking and capital markets are recurring corporate-development topics.
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.
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.