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) reported strong Q2 2024 results, with net income of $117.2 million and diluted EPS of $0.37. Adjusted figures were $144.1 million and $0.46 respectively. Highlights include:
- Net interest income (FTE) of $394.8 million
- Net interest margin (FTE) of 3.33%, up 5 bps
- Period-end total deposits of $40.0 billion, up $2.3 billion
- End-of-period total loans of $36.2 billion, up $2.6 billion
- Provision for credit losses of $36.2 million
The company successfully closed its CapStar Bank partnership, expanding its presence in Nashville and other Southeastern markets. Credit quality remains strong with net charge-offs at 16 bps of average loans.
Old National Bancorp (NASDAQ: ONB), the holding company of Old National Bank, has announced the schedule for its second-quarter 2024 earnings release and conference call. The earnings release will occur on Tuesday, July 23, 2024, at approximately 8:00 A.M. ET, followed by a conference call at 10:00 A.M. ET. Investors can access the call via dial-in numbers or through the Old National Investor Relations website, where a webcast and replay will be available.
Old National Bancorp, headquartered in Evansville, Indiana, is the sixth largest commercial bank in the Midwest, with approximately $53 billion in assets and $29 billion in assets under management. The bank focuses on building long-term partnerships with clients and supporting the communities it serves. For additional details, visit Old National's Investor Relations website.
Old National Bancorp (NASDAQ: ONB) has been awarded a 5-Star rating from BauerFinancial, a prestigious recognition reflecting the bank's financial strength and stability. The rating is based on independent research and evaluates various metrics such as profitability trends, market versus book value, community reinvestment rating, and liquidity. Old National, the sixth-largest commercial bank in the Midwest, manages approximately $53 billion in assets and focuses on building long-term client relationships. The bank was also recognized as one of “The Civic 50” by Points of Light in 2024 for its community-minded efforts.
Old National Bancorp (NASDAQ: ONB) has been recognized by Points of Light as one of 'The Civic 50' for 2024. This annual list honors the 50 most community-minded companies in the U.S. based on corporate citizenship, social impact, and community engagement. Old National's employees volunteered over 57,000 hours in 2023. The Civic 50 honorees collectively engaged 450,000 employees for 6.5 million volunteer hours and donated over $1.5 billion in financial resources and $2.6 billion in in-kind goods and services. This recognition highlights the company's dedication to leveraging its resources to address community needs and promote employee well-being.
Old National Bancorp announced a quarterly cash dividend of $0.14 per share on its common stock, payable on June 17, 2024, to shareholders of record by June 5, 2024.
The Board also declared a quarterly dividend of $17.50 per share on its 7.0% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series A and C, equivalent to $0.4375 per depositary share, payable on August 20, 2024, to shareholders of record by August 5, 2024.
Old National Bancorp, with $53 billion in assets and $29 billion under management, ranks among the top 30 U.S. banking companies.
Old National Bancorp team members, Jeff Boudreau and Cheri Rubocki, were honored by Military Friendly®. Boudreau received the Employee Veteran Leadership award, while Rubocki was named Veteran Champion of the Year in Corporate America. Both employees have shown exceptional dedication to supporting veterans in the civilian workforce. This recognition highlights Old National's commitment to creating sustainable programs for veterans.
FAQ
What is the current stock price of Old Natl Bancorp Ind (ONB)?
What is the market cap of Old Natl Bancorp Ind (ONB)?
