Old National Bancorp

Old National Bancorp operates as a financial holding company. It engages in the provision of financial and banking solutions. The firm's Community Banking segment provides commercial, real estate and consumer loans, time deposits, checking and savings accounts, cash management, brokerage, trust and investment advisory services. The company was founded in 1982 and is headquartered in Evansville, IN.

Earnings data Q1 2021

Earnings data Q2 2021

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Earnings data Q4 2024

Old National Bancorp reports strong Q4 earnings and growth strategies

Old National Bancorp's Q4 performance reflects strong earnings growth and operational efficiency, supported by stable credit conditions and improved capital ratios.
While facing challenges such as declining average deposits and an expected slowdown in pipeline growth, the company remains focused on maintaining financial strength.
Opportunities lie in expanding the loan portfolio, retaining deposits through special pricing, and pursuing strategic investments for future growth.
Overall, Old National Bancorp's cautious approach amidst economic uncertainties positions it well to navigate challenges and capitalize on growth opportunities.

Old National Bancorp posts strong Q1 earnings and growth outlook

Old National Bancorp (ONB) reported strong Q1 earnings with robust financial performance and stable deposit balances, reflecting efficient fund management.
Despite challenges such as a slight decline in net interest margin and the need for cost optimization, ONB's strong credit quality and liquidity provide a solid foundation for growth.
Opportunities lie in disciplined loan growth, anticipated net interest income expansion, and contractual accretion, positioning ONB for continued success in 2023.
Overall, ONB's performance, strengths, and proactive approach to challenges indicate a resilient financial institution with a focus on sustainable growth and profitability.

Old National Bancorp reports robust Q2 performance amidst challenges

Old National Bancorp's Q2 performance reflects strong profitability and stable credit quality, underpinned by disciplined growth strategies and expense management.
While facing challenges in optimizing revenue streams and addressing regulatory concerns, the company remains confident in its ability to navigate market dynamics.
Opportunities lie in anticipated loan growth, technological investments, and sustained focus on disciplined growth and expense management for future success.

Old National Bancorp reports strong Q3 performance and strategic focus

Old National Bancorp's Q3 performance reflects solid financial health, with strong EPS, deposit growth, and stable credit quality. The company's focus on expense management and strategic growth initiatives positions it well for future stability and profitability.
While facing challenges such as a decline in the loan pipeline, Old National Bancorp has opportunities to drive revenue growth through new lending opportunities and disciplined deposit pricing. Managing credit risk and balancing expenses with growth will be critical moving forward.
With a clear strategic focus on operational efficiency and sustainable growth, Old National Bancorp aims to navigate market challenges and capitalize on emerging opportunities to enhance shareholder value and drive long-term success.

Old National Bancorp posts record results, eyes growth through CapStar partnership

Old National Bancorp's Q4 2023 performance reflects resilience and strategic growth, supported by disciplined loan growth and strong credit quality.
The company's partnership with CapStar Bank signals a strategic move towards market expansion and revenue diversification, bolstering future growth prospects.
While facing challenges in revenue generation and expense management, Old National Bancorp remains well-positioned to leverage opportunities for growth and operational efficiency.

Old National Bancorp exceeds Q1 earnings estimates, eyes growth

Old National Bancorp (ONB) reported robust Q1 2024 earnings, demonstrating strong financial performance and strategic growth initiatives.
While facing challenges in leadership transitions and deposit cost management, ONB remains focused on sustainable growth and operational excellence.
Opportunities lie in market expansion, strategic partnerships, and prudent risk management, positioning ONB for continued success and value creation.

Old National Bancorp exceeds Q2 earnings, eyes disciplined growth

Old National Bancorp delivered a strong performance in Q2 2024, surpassing earnings expectations and showcasing financial stability post-CapStar integration.
While facing challenges in deposit costs and margin accretion, the bank's focus on disciplined growth and credit quality positions it well for future opportunities.
Management's strategic emphasis on organic growth and clean credit underscores a commitment to sustainable financial strength and value creation.

Old National Bancorp reports solid Q3 results amidst growth opportunities

Old National Bancorp's Q3 performance showcased strength in organic growth and prudent financial management.
While facing challenges in credit metrics, the company's focus on efficiency and growth strategies bodes well for the future.
Opportunities in M&A, fee income, and capital management could drive further value creation for investors.
Investors should monitor credit quality closely while considering the company's solid performance and growth prospects.

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The average of price targets set by Wall Street analysts indicates a potential upside of 31.8% in Old National Bancorp (ONB). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.

Wall Street Analysts Think Old National Bancorp (ONB) Could Surge 32%: Read This Before Placing a Bet

EVANSVILLE, Ind., July 11, 2022 (GLOBE NEWSWIRE) -- Old National Bancorp (NASDAQ: ONB), the holding company of Old National Bank, today announced the following schedule for its second-quarter 2022 earnings release and conference call:

Old National Bancorp Announces Schedule for Second-Quarter 2022 Earnings Release and Conference Call

UMB Financial

KANSAS CITY, Mo.--(BUSINESS WIRE)--UMB Bank, n.a., a subsidiary of UMB Financial Corporation (Nasdaq: UMBF), is pleased to announce the execution of a definitive agreement to acquire the health savings account (HSA) business of Old National Bank, a wholly owned subsidiary of Old National Bancorp (Nasdaq: ONB).The transaction contemplates the transfer of approximately $500 million in client assets of which approximately $400 million are held in deposit accounts (based on numbers as of March 31,

UMB Healthcare Services Announces Agreement to Acquire HSA Business from Old National Bank

The heavy selling pressure might have exhausted for Old National Bancorp (ONB) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analysts in revising earnings estimates higher indicates that the stock is ripe for a trend reversal.

Down 7% in 4 Weeks, Here's Why You Should You Buy the Dip in Old National Bancorp (ONB)

Old National Bancorp remains well-positioned following its recent acquisition of First Midwest. Inflationary pressures may become a driving force for Old National Bancorp and FMBI.

Old National Bancorp: Old But May Become Gold

EVANSVILLE, Ind., May 03, 2022 (GLOBE NEWSWIRE) -- Old National Bank (NASDAQ: ONB) today announced it has appointed six Market Presidents across its Illinois footprint:

Old National Appoints Six Market Presidents Across Illinois

Old National Bancorp (NASDAQ:ONB ) Q1 2022 Earnings Conference Call April 26, 2022 10:00 AM ET Company Participants Jim Ryan - Chief Executive Officer Brendon Falconer - Chief Financial Officer Mark Sander - President & Chief Operating Officer, First Midwest Bank Jim Sandgren - Chief Executive Officer, Commercial Banking John Moran - Chief Strategy Officer Conference Call Participants Scott Siefers - Piper Sandler Ben Gerlinger - Hovde Group Terry McEvoy - Stephens Chris McGratty - KBW Jon Arfstrom - RBC Capital Markets Operator Good morning. Welcome to the Old National Bancorp First Quarter 2022 Earnings Conference Call.

Old National Bancorp (ONB) CEO Jim Ryan on Q1 2022 Results - Earnings Call Transcript

Old National Bancorp (ONB) delivered earnings and revenue surprises of 17.65% and 7.87%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

Old National Bancorp (ONB) Beats Q1 Earnings and Revenue Estimates

EVANSVILLE, Ind., April 26, 2022 (GLOBE NEWSWIRE) -- Reflective of the CECL Day 1 provision expense and merger related expenses, all as expected,  Old National Bancorp (NASDAQ: ONB) reports 1Q22 net loss applicable to common shares of $29.6 million,  diluted EPS of $(0.13).  Adjusted net income applicable to common shares 1 of $91.6 million, or $0.40 per diluted common share.

Old National's 1st Quarter Driven by Transformative Merger with First Midwest and Strong Commercial Loan Growth

EVANSVILLE, Ind., April 12, 2022 (GLOBE NEWSWIRE) -- Old National Bancorp (NASDAQ: ONB), the holding company of Old National Bank, today announced the following schedule for its first-quarter 2022 earnings release and conference call:

Old National Bancorp Announces Schedule for First-Quarter 2022 Earnings Release and Conference Call

EVANSVILLE, Ind., April 11, 2022 (GLOBE NEWSWIRE) -- Old National Bank (NASDAQ: ONB) today announced it has released its 2021 Environmental, Social and Governance (ESG) Report, which focuses on a wide range of topics, including governance and ethics; client service; team member engagement; diversity, equity and inclusion; community engagement; and sustainability. The report also includes information on Old National's transformational partnership with Chicago-based First Midwest Bank, which was finalized in February 2022, and features highlights on First Midwest's 2021 CSR initiatives.

Old National Releases 2021 ESG Report, Highlighting Commitment to Corporate Social Responsibility

EVANSVILLE, Ind., March 23, 2022 (GLOBE NEWSWIRE) -- Old National Bancorp (“Old National”) (NASDAQ: ONB) today announced that its Board of Directors declared a quarterly cash dividend of $17.50 per share (equivalent to $0.4375 per depositary share or 1/40th interest per share) on Old National's 7.0% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series A (NASDAQ: ONBPP) and Series C (NASDAQ: ONBPO). The dividends are payable on May 20, 2022, to stockholders of record as of the close of business on May 5, 2022.

Old National Bancorp Announces Preferred Stock Quarterly Cash Dividend

EVANSVILLE, Ind. and CHICAGO, March 15, 2022 (GLOBE NEWSWIRE) -- Old National Bank (NASDAQ: ONB) today announced it has been recognized by the Ethisphere Institute, a global leader in defining and advancing the standards of ethical business practices, as one of the 2022 World's Most Ethical Companies. The recognition honors companies demonstrating exceptional leadership and a commitment to business integrity through best-in-class ethics, compliance and governance practices.

Old National Named One of the 2022 World's Most Ethical Companies by Ethisphere for 11th Consecutive Year

KANSAS CITY, Mo., March 10, 2022 (GLOBE NEWSWIRE) -- Old National Bank today announced it is expanding its footprint west of the Mississippi River by opening a Commercial Banking office in the greater Kansas City region. To lead its expansion efforts, Old National has hired two prominent commercial bankers with extensive experience in the market: Steve Liggett, who will serve as Market President, and David Robinson, who will serve as a Corporate Relationship Manager.

Old National Bank Expands Footprint into Kansas City

EVANSVILLE, Ind., March 07, 2022 (GLOBE NEWSWIRE) -- Old National Bancorp (NASDAQ: ONB) today announced that its Chief Executive Officer Jim Ryan will be participating virtually in a bank mergers and acquisitions panel at the 2022 RBC Capital Markets Financial Institutions Conference on Wednesday, March 9, 2022, at 1:20 p.m. Eastern Time.

Old National Bancorp to Present at the 2022 RBC Capital Markets Financial Institutions Conference

EVANSVILLE, Ind., Feb. 17, 2022 (GLOBE NEWSWIRE) -- Old National Bancorp (the “Company” or “Old National”) (NASDAQ: ONB) announced today that its Board of Directors approved a stock repurchase program that authorizes the Company to repurchase up to $200 million of the Company's outstanding shares of common stock. Share repurchases under this program may be made from time to time on the open market, in privately negotiated transactions or through accelerated share repurchase programs in the discretion of, and at prices to be determined by, the Company. The program will be in effect until January 31, 2023.

Old National Bancorp Announces Stock Repurchase Program

The Old National Bancorp (NASDAQ: ONB) stock is trending today. This is why it happened.

Old National Bancorp (ONB) Stock: Why It Is Trending Today

EVANSVILLE, Ind. and CHICAGO, Feb. 16, 2022 (GLOBE NEWSWIRE) -- Old National Bancorp (“Old National”) (NASDAQ: ONB) and First Midwest Bancorp, Inc. (“First Midwest”) jointly announced today they have completed their all-stock merger of equals, announced on June 1, 2021.

Old National and First Midwest Complete Merger of Equals

Corsair Gaming

First Midwest Bancorp

Urban Edge Properties

NEW YORK, Feb. 15, 2022 /PRNewswire/ -- S&P SmallCap 600 constituent Old National Bancorp (NASD:ONB) will replace Urban Edge Properties (NYSE:UE) in the S&P MidCap 400, Urban Edge Properties will replace Old National Bancorp in the S&P SmallCap 600, and Corsair Gaming Inc. (NASD:CRSR) will replace First Midwest Bancorp Inc. (NASD:FMBI) in the S&P SmallCap 600 effective prior to the opening of trading on Friday, February 18. Old National Bancorp is acquiring First Midwest Bancorp in a transaction expected to be completed on or about February 16.

Old National Bancorp Set to Join S&P MidCap 400; Urban Edge Properties & Corsair Gaming to Join S&P SmallCap 600

EVANSVILLE, Ind., Feb. 03, 2022 (GLOBE NEWSWIRE) -- Old National Bancorp (“Old National”) (NASDAQ: ONB) today announced a $8.3 billion Community Growth Plan (“Plan”) that builds on its long-standing commitment to support historically underserved and economically disadvantaged individuals, families and communities throughout its footprint. The Plan was developed in collaboration with the National Community Reinvestment Coalition (NCRC) and its members and is subject to the closing of the First Midwest merger.

Old National Announces $8.3B Community Benefits Agreement to Strengthen Small Businesses and Minority and Underserved Communities

Old National (ONB), First Midwest (FMBI) merger receives the Fed's approval. This will expand the combined companies' commercial banking capabilities, retail footprint and wealth platform.

Old National (ONB), First Midwest (FMBI) Merger Gets Fed Nod

EVANSVILLE, Ind. and CHICAGO, Jan. 27, 2022 (GLOBE NEWSWIRE) -- Old National Bancorp (“Old National”) (NASDAQ: ONB) and First Midwest Bancorp, Inc. (“First Midwest”) (NASDAQ: FMBI), today announced that their merger of equals transaction, announced on June 1, 2021, has received Federal Reserve approval. This follows approvals received last year from the Office of the Comptroller of the Currency and stockholders of both companies.

Old National and First Midwest Receive Final Regulatory Approval for Merger of Equals

EVANSVILLE, Ind., Jan. 27, 2022 (GLOBE NEWSWIRE) -- The Board of Directors of Old National Bancorp (the “Company” or “Old National”) (NASDAQ: ONB) today declared a quarterly cash dividend of $0.14 per share on the Company's outstanding shares of common stock. The dividend is payable March 15, 2022, to shareholders of record on March 4, 2022. For purposes of broker trading, the ex-date of the cash dividend is March 3, 2022. Based on Old National's closing price of $18.87 on January 26, 2022, the quarterly dividend represents an annualized dividend yield of 3.0%.

Old National Bancorp announces quarterly cash dividend

The bank's consumer and commercial loan portfolio offerings will be bolstered by a higher rate environment.

Old National: A Regional Bank With Upside

Old National Bancorp (ONB) CEO Jim Ryan on Q4 2021 - Earnings Conference Call

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