Old National Bancorp operates as the bank holding company for Old National Bank that provides various financial services to individual and commercial customers in the United States. The company accepts deposit accounts, including noninterest-bearing demand, interest-bearing checking, negotiable order of withdrawal, savings and money market, and time deposits; and offers loans, such as home equity lines of credit, residential real estate loans, consumer loans, commercial loans, commercial real estate loans, letters of credit, and lease financing. It also provides debit and automated teller machine cards, telephone access, online banking, and other electronic and mobile banking services; cash management, private banking, brokerage, trust, investment advisory, and other traditional banking services; wealth management, investment, and foreign currency services; and treasury management, merchant, health savings, and capital markets services, as well as community development lending and equity investment solutions. As of December 31, 2020, the company operated a total of 162 banking centers located primarily in the states of Indiana, Kentucky, Michigan, Minnesota, and Wisconsin. Old National Bancorp was founded in 1834 and is headquartered in Evansville, Indiana.
IPO Year:
Exchange: NASDAQ
Website: oldnational.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 6/3/2024 | $20.00 | Outperform | Hovde Group |
| 3/8/2024 | $20.00 | Overweight | Barclays |
| 12/1/2023 | $17.00 | Buy | Citigroup |
| 7/10/2023 | $14.50 → $15.50 | Neutral → Buy | UBS |
| 3/15/2023 | $16.00 | Neutral | UBS |
| 5/13/2022 | $19.00 | Equal-Weight → Overweight | Stephens |
| 1/19/2022 | $20.00 → $21.00 | Sector Perform | RBC Capital |
| 12/20/2021 | $22.00 | Mkt Perform → Outperform | Keefe Bruyette |
| 10/20/2021 | $18.00 → $19.00 | Sector Perform | RBC Capital |
| 8/17/2021 | $18.00 → $20.00 | Neutral → Overweight | Piper Sandler |
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EVANSVILLE, Ind., Nov. 13, 2024 (GLOBE NEWSWIRE) -- Old National Bancorp (the "Company" or "Old National") today announced that its Board of Directors declared a quarterly cash dividend of $0.14 per share on the Company's outstanding shares of common stock. This quarterly cash dividend will be payable on December 16, 2024, to shareholders of record as of the close of business on December 5, 2024. In addition, the 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
EVANSVILLE, Ind., Nov. 13, 2024 (GLOBE NEWSWIRE) -- (NASDAQ:ONB) – Old National Bancorp ("Old National") is expanding upon its long-standing commitment as a leader in the financial education space with two new, engaging digital initiatives: a Real-Life Finance Podcast, and a Smart Money Half-Minute video series. The Real-Life Finance Podcast is a complement to Old National's popular Real-Life Finance eLearning education platform and in-person workshops. Hosted by Old National Financial Empowerment Director Ben Joergens, each episode focuses on everyday financial solutions that empower listeners to build the financial future they richly deserve. The debut episode, featuring former NBA
EVANSVILLE, Ind., Nov. 08, 2024 (GLOBE NEWSWIRE) -- Old National Bancorp's ("Old National") information security team has been named a Top 50 Information Security Team Award winner in the 2024 OnCon Icon Awards. The award was presented on Oct. 22 during the OnCon Icon Awards virtual presentation. The OnCon Icon Awards recognize the top information security teams worldwide through peer and community voting. Teams are rated according to their impact on their organization, thought leadership contributions to the technology community, innovation, and demonstrated leadership."Old National takes great pride in ensuring that our clients' financial information remains safe and secure," said Old N
EVANSVILLE, Ind., Oct. 28, 2024 (GLOBE NEWSWIRE) -- Old National Bancorp ("Old National") and Axletree Solutions today announced an innovative collaboration whereby Axletree will host Old National Bank's Swift architecture, providing a new level of highly-secure transaction messaging. This will ensure end-to-end control and complete transparency of banking transactions via Swift (Society for Worldwide Interbank Financial Telecommunication). Axletree Solutions, a "Software as a Service" provider specializing in connectivity and integration, is Old National's Swift Service Bureau, providing the bank with access to Swift without the internal burden and costs of managing the requisite Swift t
EVANSVILLE, Ind., Oct. 22, 2024 (GLOBE NEWSWIRE) -- Old National Bancorp (NASDAQ:ONB) reports 3Q24 net income applicable to common shares of $139.8 million, diluted EPS of $0.44; $147.2 million and $0.46 on an adjusted1 basis, respectively. CEO COMMENTARY: "Old National's strong 3rd quarter was driven by a focus on our fundamentals: continuing to grow deposits and loans, effectively managing both credit and capital, and creating positive operating leverage through disciplined expense management," said Chairman and CEO Jim Ryan. "As a result of our ability to execute on this fundamental strategy, we find ourselves well positioned to continue to in
EVANSVILLE, Ind., Oct. 16, 2024 (GLOBE NEWSWIRE) -- Honoring National Disability Employment Awareness Month in October, the National Organization on Disability (NOD) named Old National Bank as one of only 59 Leading Disability Employers for 2024. This recognition formally acknowledges companies with the highest performance in disability inclusion practices and policies, benchmarked against more than 200 participating organizations. In its 10th year, the NOD Leading Disability Employer Seal spotlights the transformative contributions made by business leaders in promoting employment opportunities for individuals with disabilities. It also honors those organizations that prioritize diversity
EVANSVILLE, Ind., Oct. 08, 2024 (GLOBE NEWSWIRE) -- (NASDAQ:ONB) – Old National Bancorp ("Old National"), the holding company of Old National Bank, today announced the following schedule for its third-quarter 2024 earnings release and conference call: Earnings Release:Tuesday, October 22, 2024, at approximately 8:00 A.M. ETConference Call:Tuesday, October 22, 2024, at 10:00 A.M. ETDial-in Numbers:U.S. (800) 715-9871; International: (646) 307-1963; Access code 1586600Webcast:Via Old National's Investor Relations website at oldnational.comWebcast Replay:Available approximately one hour after completion of the call, until midnight ET on October 22, 2025, via Old National's Investor Relati
EVANSVILLE, Indiana , Oct. 8, 2024 /PRNewswire/ -- Infosys (NSE: INFY) (BSE: INFY) (NYSE:INFY), a global leader in next-generation digital services and consulting, and Old National Bank (NASDAQ:ONB), the sixth largest commercial bank headquartered in the Midwest, recently entered into a strategic expansion of their four-year collaboration. This deepening of a highly successful relationship enables Old National to leverage Infosys services, solutions and platforms for operations transformation and process digitization powered by automation and GenAI, and transformation of key business areas. Since 2020, Infosys has helped Old National modernize its digital landscape using a highly efficient,
EVANSVILLE, Ind., Sept. 24, 2024 (GLOBE NEWSWIRE) -- Old National Bancorp ("Old National") set records for team member volunteer participation, hours, and organizations served during its 3rd annual Better Together Days, a two-day volunteer blitz held on Sept. 18-19, 2024, across nine states served by Old National banking centers. The two days, where Old National team members signed-up for four-hour volunteer shifts, provided team members across Old National's Midwest and Southeast footprint with a chance to give back to the communities where they live and work. Virtual volunteer opportunities were also made available. Volunteers served almost 200 nonprofit and other organizations in Illin
EVANSVILLE, Ind., Sept. 04, 2024 (GLOBE NEWSWIRE) -- Old National Bancorp (NASDAQ:ONB) announced today that its Chairman and Chief Executive Officer Jim Ryan will present at the 2024 Barclays Global Financial Services Conference in New York, NY at 2:00 p.m. ET on Tuesday, September 10, 2024. Interested parties can access the live webcast of the presentation through the Investor Relations section of the Company's website at https:/ir.oldnational.com. For those unable to attend the live broadcast, a replay of the presentation will be accessible for 90 days after the presentation date. ABOUT OLD NATIONALOld National Bancorp is the holding company of Old National Bank. As the sixth large
EVANSVILLE, Ind., Feb. 13, 2024 (GLOBE NEWSWIRE) -- (NASDAQ:ONB) – Old National Bank, a wholly-owned banking subsidiary of Old National Bancorp ("Old National"), has announced the appointment of John C. Thurston as Corporate Banking Executive and Senior Vice President of Corporate Banking. With an extensive background in the banking industry spanning more than 30 years, Thurston has a proven track record of developing and implementing business strategies, as well as leading teams to grow relationships and deliver strong financial results. In his new role, Thurston will be responsible for leading and overseeing teams within Old National's Corporate Banking business segment with a focus on
EVANSVILLE, Ind., May 03, 2022 (GLOBE NEWSWIRE) -- Old National Bank (NASDAQ:ONB) today announced it has appointed six Market Presidents across its Illinois footprint: MarketMarket PresidentChicago Metropolitan (City of Chicago)Mike Jamieson, Vice Chairman of Commercial BankingChicago Southside (Southside of Chicago and Southern Suburbs, Parts of Eastern Will County)Bob Kelly, Director of Business BankingNorthern Chicago Suburbs (Lake and McHenry Counties)Connie Lavin, Group Head, Business BankingWestern Chicago Suburbs (DuPage, Kane and DeKalb Counties) and Quad CitiesRick Mahoney, Group Head, Business BankingSouthwest Chicago Suburbs (Grundy and Will Counties)Bob Diedrich, Senior Manager
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Hovde Group resumed coverage of Old National Bancorp with a rating of Outperform and set a new price target of $20.00
Barclays initiated coverage of Old National Bancorp with a rating of Overweight and set a new price target of $20.00
Citigroup initiated coverage of Old National Bancorp with a rating of Buy and set a new price target of $17.00
UBS upgraded Old National Bancorp from Neutral to Buy and set a new price target of $15.50 from $14.50 previously
UBS initiated coverage of Old National Bancorp with a rating of Neutral and set a new price target of $16.00
Stephens upgraded Old National Bancorp from Equal-Weight to Overweight and set a new price target of $19.00
RBC Capital reiterated coverage of Old National Bancorp with a rating of Sector Perform and set a new price target of $21.00 from $20.00 previously
Keefe Bruyette upgraded Old National Bancorp from Mkt Perform to Outperform and set a new price target of $22.00
RBC Capital reiterated coverage of Old National Bancorp with a rating of Sector Perform and set a new price target of $19.00 from $18.00 previously
Piper Sandler upgraded Old National Bancorp from Neutral to Overweight and set a new price target of $20.00 from $18.00 previously
EVANSVILLE, Ind., Nov. 13, 2024 (GLOBE NEWSWIRE) -- Old National Bancorp (the "Company" or "Old National") today announced that its Board of Directors declared a quarterly cash dividend of $0.14 per share on the Company's outstanding shares of common stock. This quarterly cash dividend will be payable on December 16, 2024, to shareholders of record as of the close of business on December 5, 2024. In addition, the 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
EVANSVILLE, Ind., Oct. 22, 2024 (GLOBE NEWSWIRE) -- Old National Bancorp (NASDAQ:ONB) reports 3Q24 net income applicable to common shares of $139.8 million, diluted EPS of $0.44; $147.2 million and $0.46 on an adjusted1 basis, respectively. CEO COMMENTARY: "Old National's strong 3rd quarter was driven by a focus on our fundamentals: continuing to grow deposits and loans, effectively managing both credit and capital, and creating positive operating leverage through disciplined expense management," said Chairman and CEO Jim Ryan. "As a result of our ability to execute on this fundamental strategy, we find ourselves well positioned to continue to in
EVANSVILLE, Ind., Oct. 08, 2024 (GLOBE NEWSWIRE) -- (NASDAQ:ONB) – Old National Bancorp ("Old National"), the holding company of Old National Bank, today announced the following schedule for its third-quarter 2024 earnings release and conference call: Earnings Release:Tuesday, October 22, 2024, at approximately 8:00 A.M. ETConference Call:Tuesday, October 22, 2024, at 10:00 A.M. ETDial-in Numbers:U.S. (800) 715-9871; International: (646) 307-1963; Access code 1586600Webcast:Via Old National's Investor Relations website at oldnational.comWebcast Replay:Available approximately one hour after completion of the call, until midnight ET on October 22, 2025, via Old National's Investor Relati
EVANSVILLE, Ind., Aug. 21, 2024 (GLOBE NEWSWIRE) -- (NASDAQ:ONB) – Old National Bancorp (the "Company" or "Old National") today announced that its Board of Directors declared a quarterly cash dividend of $0.14 per share on the Company's outstanding shares of common stock. This quarterly cash dividend will be payable on September 16, 2024, to shareholders of record as of the close of business on September 5, 2024. In addition, the 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
EVANSVILLE, Ind., July 23, 2024 (GLOBE NEWSWIRE) -- Old National Bancorp (NASDAQ:ONB) reports 2Q24 net income applicable to common shares of $117.2 million, diluted EPS of $0.37; $144.1 million and $0.46 on an adjusted1 basis, respectively. CEO COMMENTARY: "Old National's second quarter results exceeded expectations due to better than expected revenue growth and lower expenses," said Chairman and CEO Jim Ryan. "We achieved these outstanding results while also successfully closing on our CapStar Bank partnership and working to complete the associated systems integration. As a result, Old National has meaningfully increased our presence in Nashville, Tenn., while expanding our o
EVANSVILLE, Ind., July 02, 2024 (GLOBE NEWSWIRE) -- (NASDAQ:ONB) – Old National Bancorp ("Old National"), the holding company of Old National Bank, today announced the following schedule for its second-quarter 2024 earnings release and conference call: Earnings Release: Tuesday, July 23, 2024, at approximately 8:00 A.M. ET Conference Call: Tuesday, July 23, 2024, at 10:00 A.M. ET Dial-in Numbers: U.S. (800) 715-9871; International: (646) 307-1963; Access code 2973663 Webcast: Via Old National's Investor Relations website at oldnational.com Webcast Replay: Available approximately one hour after completion of the call, until midnight ET on July 23, 2025, via Old National's Investor
EVANSVILLE, Ind., May 15, 2024 (GLOBE NEWSWIRE) -- Old National Bancorp (the "Company" or "Old National") (NASDAQ:ONB) today announced that its Board of Directors declared a quarterly cash dividend of $0.14 per share on the Company's outstanding shares of common stock. This quarterly cash dividend will be payable on June 17, 2024, to shareholders of record as of the close of business on June 5, 2024. In addition, the 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).
EVANSVILLE, Ind., April 23, 2024 (GLOBE NEWSWIRE) -- Old National Bancorp (NASDAQ:ONB) reports 1Q24 net income applicable to common shares of $116.3 million, diluted EPS of $0.40; $130.8 million and $0.45 on an adjusted1 basis, respectively. CEO COMMENTARY: "Old National's positive quarterly results were highlighted by continued growth in our granular, peer-leading deposit franchise, disciplined loan growth, a year-over-year tangible book value increase, and stable credit quality," said Chairman and CEO Jim Ryan. "We accomplished these strong results while driving toward a successful close (on April 1) of our partnership with Nashville-based CapStar Bank." FIRST QUARTER HI
EVANSVILLE, Ind., April 04, 2024 (GLOBE NEWSWIRE) -- Old National Bancorp ("Old National"), the holding company of Old National Bank, today announced the following schedule for its first-quarter 2024 earnings release and conference call: Earnings Release:Tuesday, April 23, 2024, at approximately 8:00 A.M. ETConference Call:Tuesday, April 23, 2024, at 10:00 A.M. ETDial-in Numbers:U.S. (800) 715-9871; International: (646) 307-1963; Access code 3992332Webcast:Via Old National's Investor Relations website at oldnational.comWebcast Replay:Available approximately one hour after completion of the call, until midnight ET on April 23, 2025, via Old National's Investor Relations website at oldnation
EVANSVILLE, Ind., Feb. 21, 2024 (GLOBE NEWSWIRE) -- Old National Bancorp (the "Company" or "Old National") (NASDAQ:ONB) today announced that its Board of Directors declared a quarterly cash dividend of $0.14 per share on the Company's outstanding shares of common stock. This quarterly cash dividend will be payable on March 15, 2024, to shareholders of record as of the close of business on March 5, 2024. In addition, the 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:ONBP
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RBC Capital analyst Jon Arfstrom maintains Old National (NASDAQ:ONB) with a Sector Perform and raises the price target from $19 to $22.
Old National (NASDAQ:ONB) reported quarterly earnings of $0.46 per share which beat the analyst consensus estimate of $0.44 by 4.55 percent. This is a 14.81 percent decrease over earnings of $0.54 per share from the same period last year. The company reported quarterly sales of $475.69 million which beat the analyst consensus estimate of $473.79 million by 0.40 percent. This is a 2.56 percent increase over sales of $463.80 million the same period last year.
During the last three months, 4 analysts shared their evaluations of Old National (NASDAQ:ONB), revealing diverse outlooks from bullish to bearish. The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 0 3 1 0 0 Last 30D 0 1 0 0 0 1M Ago 0 0 0 0 0 2M Ago 0 0 0 0 0 3M Ago 0 2 1 0 0 The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $20.25, a high estimate of $22.00, and a low estim
Barclays analyst Jared Shaw maintains Old National (NASDAQ:ONB) with a Overweight and raises the price target from $21 to $22.
Analysts' ratings for Old National (NASDAQ:ONB) over the last quarter vary from bullish to bearish, as provided by 4 analysts. The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 0 3 1 0 0 Last 30D 0 1 0 0 0 1M Ago 0 1 1 0 0 2M Ago 0 1 0 0 0 3M Ago 0 0 0 0 0 Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $19.75, along with a high estimate of $21.00 and a low estimate of $18.00. A 1.25% drop is evident in the current avera
Barclays analyst Jared Shaw maintains Old National (NASDAQ:ONB) with a Overweight and raises the price target from $20 to $21.
Old National (NASDAQ:ONB) reported quarterly earnings of $0.45 per share which beat the analyst consensus estimate of $0.43 by 4.65 percent. This is a 16.67 percent decrease over earnings of $0.54 per share from the same period last year. The company reported quarterly sales of $433.980 million which missed the analyst consensus estimate of $439.914 million by 1.35 percent. This is a 4.02 percent decrease over sales of $452.169 million the same period last year.
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RBC Capital analyst Jon Arfstrom reiterates Old National (NASDAQ:ONB) with a Sector Perform and maintains $18 price target.