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 third quarter 2024 results, with net income applicable to common shares of $139.8 million and diluted EPS of $0.44. On an adjusted basis, net income was $147.2 million with EPS of $0.46. Key highlights include:
- Net interest income on a fully taxable equivalent basis of $397.9 million
- Net interest margin of 3.32%, down 1 basis point
- Period-end total deposits of $40.8 billion, up $0.8 billion
- End-of-period total loans of $36.5 billion, up 2.7% annualized
- Provision for credit losses of $28.5 million
- Efficiency ratio of 53.8%; adjusted efficiency ratio of 51.2%
The company maintained strong credit quality and capital ratios, with a tangible common equity to tangible assets ratio of 7.44%.
Old National Bank has been recognized as one of 59 Leading Disability Employers for 2024 by the National Organization on Disability (NOD). This accolade, announced during National Disability Employment Awareness Month in October, acknowledges companies with outstanding disability inclusion practices and policies. The recognition is based on data from the NOD Employment Tracker™, a free assessment tool that correlates employment practices with improved talent outcomes for people with disabilities.
Beth Sirull, President and CEO of NOD, emphasized that diversity fuels innovation and growth, while inclusive workplaces reduce employee turnover. Corliss Garner, Chief Diversity, Equity and Inclusion Officer at Old National Bank, stated that inviting diversity and activating inclusion are critical to their success and serve as a differentiator for team members, clients, and communities.
Old National Bancorp (NASDAQ: ONB), the holding company of Old National Bank, is the sixth largest commercial bank headquartered in the Midwest, with approximately $53 billion of assets and $30 billion of assets under management. The bank focuses on building long-term partnerships with clients and supporting communities.
Old National Bancorp (NASDAQ: ONB), the holding company of Old National Bank, has announced its schedule for the third-quarter 2024 earnings release and conference call. The earnings release is set for Tuesday, October 22, 2024, at approximately 8:00 A.M. ET, followed by a conference call at 10:00 A.M. ET on the same day.
Investors can access the call via U.S. dial-in (800) 715-9871 or International (646) 307-1963, using access code 1586600. A webcast will be available on Old National's Investor Relations website, with replay options until October 22, 2025. A telephone replay will be accessible until November 5, 2024.
Old National Bancorp, the sixth largest commercial bank headquartered in the Midwest, serves clients primarily in the Midwest and Southeast. With $53 billion in assets and $30 billion in assets under management, it ranks among the top 30 banking companies in the U.S. The company focuses on building long-term partnerships and supporting communities, offering services in consumer and commercial banking, wealth management, and capital markets.
Infosys (NSE: INFY) (BSE: INFY) (NYSE: INFY) and Old National Bank (NASDAQ: ONB) have expanded their strategic collaboration to accelerate the bank's operational and technological transformation. The partnership, which began in 2020, has enabled Old National to modernize its digital landscape using a self-funding model, resulting in improved stability, resiliency, and client experience.
The expanded collaboration will leverage Infosys' services, solutions, and platforms for operations transformation and process digitization powered by automation and GenAI. Jim Ryan, Chairman & CEO of Old National Bank, emphasized their commitment to exceptional client and team member experiences, while Dennis Gada, EVP and Global Head of Banking and Financial Services at Infosys, highlighted the cultural and strategic alignment between the two companies.
Old National Bancorp (NASDAQ: ONB) achieved record-breaking participation in its 3rd annual Better Together Days, a two-day volunteer initiative held on Sept. 18-19, 2024. The event saw 2,433 team members contribute 7,600 hours to 196 organizations across nine states. This volunteer blitz, which included virtual opportunities, allowed employees to serve communities in Illinois, Indiana, Iowa, Kentucky, Michigan, Minnesota, North Carolina, Tennessee, and Wisconsin.
Kathy Schoettlin, Chief Brand & Culture Officer, emphasized the importance of this initiative in maintaining the bank's community-focused mission. Old National, the sixth largest commercial bank in the Midwest with $53 billion in assets and $30 billion in assets under management, ranks among the top 30 banking companies in the United States. The company was also recognized as one of 'The Civic 50' by Points of Light in 2024 for its community engagement.
Old National Bancorp (NASDAQ: ONB) announced that its Chairman and CEO Jim Ryan will present at the 2024 Barclays Global Financial Services Conference in New York on September 10, 2024, at 2:00 p.m. ET. The presentation will be accessible via live webcast through the company's Investor Relations website, with a replay available for 90 days after the event.
Old National Bank, the sixth largest commercial bank in the Midwest, serves clients primarily in the Midwest and Southeast. With $53 billion in assets and $30 billion in assets under management, Old National ranks among the top 30 banking companies in the United States. Founded in 1834, the bank focuses on building long-term partnerships with clients and supporting local communities. Old National offers comprehensive services in consumer and commercial banking, wealth management, and capital markets.
Old National Bancorp (NASDAQ: ONB) has announced quarterly dividends for its shareholders. The company's Board of Directors declared a cash dividend of $0.14 per share on common stock, payable on September 16, 2024, to shareholders of record as of September 5, 2024. Additionally, a quarterly cash dividend of $17.50 per share was declared on the company's 7.0% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series A and C, payable on November 20, 2024, to shareholders of record as of November 5, 2024.
Old National Bancorp, with $53 billion in assets and $30 billion in assets under management, ranks among the top 30 banking companies in the United States. The company focuses on building long-term partnerships with clients and supporting communities, offering services in consumer and commercial banking, wealth management, and capital markets.
Old National Bancorp (NASDAQ: ONB) has received a top score of 100 on the Disability Equality Index, recognizing it as a 'Best Place to Work for Disability Inclusion'. This achievement underscores Old National's commitment to providing opportunities for individuals with disabilities at all levels of the organization.
The Disability Equality Index, a joint initiative of Disability:IN and The American Association of People with Disabilities (AAPD), is the world's most comprehensive benchmarking tool for measuring disability workplace inclusion. In 2024, 542 corporations, including 71 Fortune 100 and 220 Fortune 500 companies, participated in the assessment.
Old National, the sixth largest commercial bank headquartered in the Midwest, serves clients primarily in the Midwest and Southeast. With approximately $53 billion in assets and $30 billion in assets under management, it ranks among the top 30 banking companies in the United States.
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.