Company Description
Old National Bancorp (NASDAQ: ONB) is a financial services bank holding company and the parent of Old National Bank. Classified in the commercial banking industry within the finance and insurance sector, the company focuses on community-oriented banking and related financial services. According to company disclosures, Old National traces its roots to 1834, reflecting a long operating history in U.S. banking.
Old National Bancorp is headquartered in Evansville, Indiana and is described as the sixth largest commercial bank headquartered in the Midwest. The company states that it serves 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, based on its public communications.
The company’s core activities center on consumer and commercial banking. Old National provides what it describes as extensive services in these areas, which, based on earlier descriptions, include community banking products such as commercial, real estate, and consumer loans, deposit products, and related services. These offerings support individuals, businesses, and organizations within the regions it serves.
In addition to traditional banking, Old National emphasizes its wealth management and capital markets capabilities. The company reports that it offers comprehensive wealth management services and capital markets services to clients. Through its 1834 division, Old National highlights a focus on high and ultra-high net-worth individuals, families, and institutions, providing integrated wealth advisory and investment management services. These services include wealth planning, investment management, trust and fiduciary services, estate planning and administration, private banking, specialized planning services, and institutional services for businesses and nonprofits, such as investment management, retirement plan services, corporate trust services, and philanthropy and endowment services.
Old National Bancorp is a bank holding company organized in Indiana, and its common stock trades on the NASDAQ Global Select Market under the symbol ONB. The company also has listed depositary shares representing interests in its Non-Cumulative Perpetual Preferred Stock, Series A and Series C, which trade under the symbols ONBPP and ONBPO on NASDAQ.
The company describes its approach as focusing on building long-term, highly valued partnerships with clients while strengthening and supporting the communities it serves. This community focus is reflected in initiatives such as its "Better Together Days" volunteer program, during which team members across its Midwest and Southeast footprint participate in organized volunteer activities with community organizations.
Old National has also grown through corporate transactions. In its regulatory filings, the company reports that on May 1, 2025, Bremer Financial Corporation merged with and into Old National Bancorp, with Old National as the surviving corporation. The company has highlighted the impact of this Bremer partnership on its balance sheet, deposits, loans, and capital position, and has referenced merger-related charges and integration activities in its financial results discussions.
Old National’s public financial communications emphasize metrics such as net interest income, net interest margin, pre-provision net revenue, efficiency ratio, loan and deposit growth, and credit quality indicators. The company also discusses the use of non-GAAP financial measures to supplement GAAP results, including adjusted earnings, adjusted efficiency ratio, and return on average tangible common equity, explaining that these are intended to provide additional insight into its underlying operating performance.
Through its combination of community banking, wealth management, and capital markets services, Old National Bancorp positions itself as a regional banking organization with a significant presence in the Midwest and Southeast, a long operating history, and a focus on client relationships and community engagement.