Despite Pleas From 'Joliet's Hometown Bank For Over 50 Years,' City Council Changes Banking Institution
The Joliet City Council has voted to switch its primary banking institution from Old National Bank (which acquired First Midwest Bank) to JP Morgan Chase, despite pleas from Old National Bank about its long-standing community presence. Finance director Kevin Sing recommended the change, citing that JP Morgan Chase's proposal would generate over $227,000 more in interest and incur no banking fees, saving the city at least $50,000 annually. The new five-year agreement is expected to result in significant financial benefits for Joliet taxpayers.
Old National Bancorp Highlights Q2 2026 Financial Strength
Old National Bancorp (ONB) released an investor presentation for Q2 2026, showcasing strong financial performance with adjusted returns on assets and tangible common equity of 1.39% and 19.9% respectively, and robust capital levels. The bank emphasizes its strategic focus on being a top-quartile "basic bank" supported by disciplined risk management and core deposits. Analysts currently rate ONB stock as a "Buy" with a $29.00 price target, and TipRanks' AI Analyst assesses it as "Outperform" due to strong fundamentals and a positive earnings outlook.
Old National Bancorp (ONB) COO surrenders 2,335 shares for tax withholding
Old National Bancorp's President and COO, Timothy M. Burke Jr., surrendered 2,335 shares of common stock on August 1, 2026, at $26.64 per share. This transaction was performed to satisfy tax withholding obligations related to the vesting of a restricted stock award. Following this surrender, Burke Jr. directly holds 54,084 shares of ONB common stock.
Old National Bank pledged $10.5 million in corporate giving last year
Old National Bank, which succeeded First Midwest Bank, committed $10.5 million to corporate giving in the past year, as detailed in its newly released 2022 Environmental, Social and Governance (ESG) report. The financial institution, headquartered in Evansville, serves communities across Northwest Indiana, supporting over 1,700 nonprofits and accumulating over 65,000 volunteer hours from its employees. The report also covers the bank's governance, ethics, client services, and commitment to diversity, equity, and inclusion.
ONB Maintained by Truist Securities -- Price Target Raised to $2
Truist Securities has maintained a 'Buy' rating for Old National Bancorp (ONB) and raised its price target from $28.00 to $29.00, reflecting a positive outlook despite the stock being considered 15.8% overvalued by GuruFocus. ONB has a GF Score™ of 67/100, indicating solid overall performance with strengths in profitability and growth, but a weaker financial strength. Investors are advised to consider the overvaluation carefully alongside the positive analyst sentiment.
Old National Bancorp (ONB) Could Be 10% Undervalued After Strong Q2 Earnings
Old National Bancorp (ONB) recently reported strong Q2 2026 earnings, leading to a share price increase and indicating it might be 10% undervalued. The bank's fair value is estimated at $29.27, higher than its current $26.49, supported by its Bremer Bank partnership and growth in its Midwest/South footprint. However, its concentration in the Midwest and commercial real estate risk could pose challenges to this valuation.
Old National Bancorp Stock 12‑Month Price Target Raised to $29.73, Implies 13% Upside
Old National Bancorp's average 12-month price target has increased from $29.55 to $29.73, based on estimates from 11 analysts. This new target suggests a 13% potential upside from its July 22nd closing price. The consensus analyst rating for ONB remains a "Buy" with 8 Buys and 4 Holds among 12 analysts.
Old National Bancorp Releases Q2 2026 Financial Results
Old National Bancorp (ONB) reported adjusted earnings of $0.65 per share for the second quarter of 2026, slightly surpassing Wall Street estimates of $0.64 per share. The company achieved $740.1 million in revenue, a 13.1% increase year-over-year, and maintained a net interest margin of 3.5%. This performance demonstrates the bank's ability to exceed expectations amidst competitive banking conditions.
Old National Bancorp stock hits 52-week high at $26.73
Old National Bancorp (ONB) stock has reached a new 52-week high of $26.73, trading at $26.72 with a market cap of $10.31 billion. The stock is considered undervalued by InvestingPro, having shown strong performance with a 15.88% rise over the past year and a 19.7% year-to-date return, alongside a 2.2% dividend yield and consistent dividend payments for 44 years. Recent corporate developments include shareholder approval of all proposals, a quarterly cash dividend of $0.145 per share, new coverage from Raymond James with a "Market Perform" rating, and the appointment of Shane Print as President of Commercial & Industrial Banking.
ONB|Old National Bancorp|Price:26.210|Chg%:+0.040
Old National Bancorp (ONB) stock is currently priced at $26.210, showing a slight increase. The company's fundamentals are considered healthy with high growth potential, and its valuation is deemed fairly valued within the Banking Services industry. Analysts maintain a "Buy" rating for ONB, with a target price of $28.545, suggesting an 8.91% upside.
Regional Banks Stocks Q1 Results: Benchmarking Old National Bank (NASDAQ:ONB)
This article analyzes the Q1 earnings results for several regional banks, focusing on Old National Bank (NASDAQ:ONB) and benchmarking its performance against peers like UMB Financial (NASDAQ:UMBF), BankUnited (NYSE:BKU), Western Alliance Bancorporation (NYSE:WAL), and KeyCorp (NYSE:KEY). It highlights the challenges and opportunities for regional banks and provides a brief market update discussing shifts from AI/crypto fears to geopolitical risks.
Old National Bancorp Announces Schedule for Second-Quarter Earnings Release and Conference Call
Old National Bancorp (NASDAQ: ONB) has announced the schedule for its second-quarter 2026 earnings release and conference call. The earnings will be released on Wednesday, July 22, 2026, at approximately 7:00 A.M. ET, followed by a conference call at 10:00 A.M. ET. Old National Bancorp, with approximately $73 billion in assets, is the fifth-largest commercial bank headquartered in the Midwest.
UBS resumed coverage on Old National Bancorp with a new price target
UBS has resumed coverage on Old National Bancorp (ONB) with a new price target, as reported by Quantisnow. This alert, including the analyst rating, was quickly distributed to Quantisnow Plus members. The article also mentions "Beagle by Alamere Labs" as a tool for market research and real-time alerts on various financial events for ONB.
OLD National Bancorp IN Boosts Holdings in Carnival Corporation $CCL
OLD National Bancorp IN increased its stake in Carnival Corporation by 11.3% in the first quarter, now holding 446,501 shares valued at $11.6 million. Carnival reported strong Q2 earnings, beating expectations with $0.41 per share, driven by solid bookings and cost control, despite a slight revenue miss and a lowered fiscal 2026 outlook. Analysts maintain a "Moderate Buy" rating with an average target price near $35.13, even as insider selling and geopolitical concerns present mixed signals for investors.
Price to earnings forward of Old National Bancorp – NASDAQ:ONB
This page provides financial information for Old National Bancorp (NASDAQ: ONB), specifically its forward price to earnings ratio. The content indicates that the company's financial data is provided by ICE Data Services and FactSet, with SEC filings from Quartr. It is presented on the TradingView platform.
Ann Arbor’s Old National Bank names community banking executive
Old National Bank, based in Ann Arbor, Michigan, has appointed Heather Brown as its community banking executive for Michigan and Northern Indiana. In her new role, Brown will oversee the bank's operations in banking centers across Michigan and in the Fort Wayne and South Bend markets in Indiana. Her previous experience includes serving as a portfolio manager and holding various leadership positions at a regional bank.
How Investors Are Reacting To Old National Bancorp (ONB) Expanding Its ESOP And Universal Shelf Capacity
Old National Bancorp (ONB) recently expanded its financial flexibility by filing a US$216.9 million shelf registration for its Employee Stock Ownership Plan and a universal shelf registration for various securities. This move allows ONB to raise capital, manage employee ownership, and enhances balance sheet management, supporting its growth and integration efforts. Investors are now evaluating how these changes, alongside a previous share repurchase authorization, will impact the company’s capital management strategies, especially considering its exposure to commercial real estate risk and consistent earnings.
Old National Introduces ‘Team Old National’ PGA TOUR and NCAA Golf Ambassadors
Old National Bank has launched "Team Old National," a golf ambassador program featuring PGA TOUR player Michael Brennan and top-ranked NCAA women's golfer Kiara Romero. This initiative aims to celebrate golf, enhance the bank's visibility, and connect with communities by supporting these elite athletes. The ambassadorships build on Old National's growing engagement in the sport, including its partnership with Hazeltine National Golf Club.
Old National Introduces ‘Team Old National’ PGA TOUR and NCAA Golf Ambassadors
Old National Bank has launched "Team Old National" to highlight golf ambassadors, including PGA TOUR player Michael Brennan and top-ranked amateur Kiara Romero. This initiative aims to increase the bank's visibility and connect with communities through the sport. Old National will support these athletes as they compete in major tournaments, leveraging golf's ability to bring people together.
Old National Bancorp (NASDAQ: ONB) Q1 2026 earnings surge on larger loan book
Old National Bancorp reported a significant surge in Q1 2026 net income, rising to $233.7 million from $144.7 million in Q1 2025, with diluted EPS of $0.59. This growth was primarily driven by a larger loan book, which reached $49.7 billion, and the impact of the Bremer acquisition completed in 2025. Despite higher noninterest expenses and credit provisions, the company maintained strong asset quality and robust capital ratios, with total assets increasing to $73.0 billion and deposits to $55.7 billion.
Old National Bank (NASDAQ:ONB) Misses Q1 CY2026 Revenue Estimates
Old National Bank (ONB) reported its Q1 CY2026 results, missing Wall Street's revenue estimates despite a 45.8% year-on-year sales increase to $702.8 million. The bank's non-GAAP profit was in line with expectations at $0.61 per share, but key metrics like net interest income, net interest margin, and tangible book value per share also fell short of analyst predictions. Despite some positive long-term growth trends, the immediate post-earnings market reaction saw modest stock performance.
How Old National’s Commercial Leadership Shake-Up and Capital Markets Focus Could Shape ONB Investors’ Outlook
Old National Bancorp has reorganized its commercial banking leadership, appointing Chris Doyle as President of Commercial Banking and John C. Thurston as President of Corporate Banking, and is aligning Treasury, FX, FinTech, and service delivery functions to better serve complex clients. This reshuffling, particularly the expanded capital markets and treasury remit, aims to sharpen execution around fee-based growth, integrate Bremer Bank operations, and retain commercial clients, potentially influencing the bank's investment narrative. While the move supports near-term fee income and integration, investors should remain aware of the bank's concentrated exposure to commercial real estate.
Old National Bancorp (ONB) to Release Earnings on Wednesday
Old National Bancorp (NASDAQ: ONB) is set to release its Q1 2026 earnings before the market opens on Wednesday, April 22nd, with analysts expecting $0.61 EPS and revenue of $706.62 million. The company recently announced a quarterly dividend of $0.145, translating to an annual yield of approximately 2.5%. Analysts currently hold a "Moderate Buy" consensus rating with an average target price of $27.50 for ONB shares.
Old National Bancorp tops Q4 profit forecasts despite softer revenue
Old National Bancorp exceeded profit expectations for the fourth quarter despite reporting softer revenue. The bank's prudent expense management and stable credit quality likely contributed to its stronger-than-anticipated earnings. This performance suggests financial resilience amidst a challenging economic environment for regional banks.
Old National Bancorp DP 1/40 NC PPF A declares $0.4375 dividend
Old National Bancorp has declared a quarterly dividend of $0.4375 per share for its Depositary Shares, Series A. Shareholders of record by April 12, 2026, will receive this dividend on April 27, 2026. This announcement pertains specifically to the company's preferred stock.
Old National Bancorp raises quarterly dividend by 3.6% to $0.145/share
Old National Bancorp (ONB) has announced a 3.6% increase in its quarterly cash dividend, raising it to $0.145 per share. The new dividend will be payable on March 15, 2024, to shareholders of record as of March 1, 2024. This marks the fourteenth consecutive annual dividend increase for the company.
Otto Bremer Trust trims Old National (ONB) stake with share sale
The Otto Bremer Trust, a 10% owner of Old National Bancorp (ONB), has reported an open-market sale of 1,926,782 shares of common stock at $25.95 per share. The transaction, which closed on February 26, 2026, was conducted under an agreement with the company for investment portfolio diversification purposes. Following the sale, the trust now directly holds 41,210,548 shares of ONB.
Old National Bancorp (NASDAQ:ONB) Plans Dividend Increase - $0.15 Per Share
Old National Bancorp (NASDAQ:ONB) has declared a quarterly dividend of $0.145 per share, an increase of 3.6% from its previous dividend, resulting in a 2.3% yield. The dividend is well-covered by earnings, with a payout ratio of 21.4% and analysts forecasting $2.60 in EPS next year. Despite an insider selling 30,000 shares, institutional investors have increased their holdings, owning 83.66% of the company's stock.
OLD NATIONAL BANCORP /IN/ SEC 10-K Report
Old National Bancorp has released its 2025 Form 10-K report, detailing strong financial performance with consolidated assets of $72.2 billion, driven by the acquisition of Bremer Bank. The report highlights strategic initiatives like the Bremer acquisition and focuses on future organic growth, prudent capital deployment, and continued investment in talent and technology. Despite facing economic and regulatory challenges, the company aims to drive tangible book value per share growth and maintain strong credit quality for long-term value creation.
Old National Bancorp Expands Capital Returns, Adjusts Governance
Old National Bancorp (ONB) is revamping its governance and boosting capital returns. The company plans to reduce its board size from 16 to 12 members by May 2026, primarily due to retirements and a shift towards a more agile structure. Additionally, ONB increased its quarterly dividend by 3.6% to $0.145 per share and doubled its share repurchase authorization to $400 million, aiming to enhance shareholder value.
Old National Bancorp Announces Increases to Quarterly Common Stock Dividend and Share Repurchase Program
Old National Bancorp has increased its quarterly cash dividend on common stock by 3.6% to $0.145 per share and approved a new share repurchase program, doubling its size to $400 million. The new repurchase program replaces the previous $200 million program and will be active until February 28, 2027. Additionally, the company declared dividends for its Series A and Series C preferred stocks.
Old National (NASDAQ: ONB) raises dividend and doubles share repurchase plan
Old National Bancorp announced a 3.6% increase in its quarterly cash dividend to $0.145 per share and doubled its share repurchase program to $400 million, replacing the previous $200 million authorization. Additionally, the company will reduce its Board of Directors from 16 to 12 members following the retirement of four directors at the 2026 annual meeting, and amended its By-Laws to allow the Board to set its own size by resolution. These actions signal confidence in the company's financial health and a focus on shareholder returns and governance efficiency.
Bank behind $72B in assets just doubled its stock buyback plan
Old National Bancorp (NASDAQ:ONB) announced increases to its quarterly common stock dividend and significantly expanded its share repurchase program. The common dividend will increase by 3.6% to $0.145 per share, and the share repurchase program has been doubled to $400 million, replacing the previous $200 million program. This new program will run until February 28, 2027, demonstrating the company's commitment to returning capital to shareholders.
Old National Bancorp Announces Increases to Quarterly Common Stock Dividend and Share Repurchase Program
Old National Bancorp announced that its Board of Directors increased the quarterly cash dividend on its common stock by 3.6% to $0.145 per share. The company also approved doubling its share repurchase program to $400 million, replacing the previous $200 million program. These actions reflect the company's commitment to returning value to shareholders.
Endeavour Capital Advisors Inc. Sells 69,938 Shares of Old National Bancorp $ONB
Endeavour Capital Advisors Inc. reduced its stake in Old National Bancorp (NASDAQ:ONB) by 13.8% in Q3, selling 69,938 shares and retaining 436,823 shares valued at $9.59 million. Additionally, insider Nicholas J. Chulos sold 30,000 shares for $751,500. Analysts currently rate ONB a "Moderate Buy" with an average target price of $27.36, while the bank recently exceeded Q4 EPS expectations.
Old National Bancorp $ONB Shares Sold by Pzena Investment Management LLC
Pzena Investment Management LLC decreased its stake in Old National Bancorp (NASDAQ:ONB) by 2.3% in the third quarter, selling 62,303 shares and now owning 2,633,476 shares valued at $57.8 million. Despite this, several other institutional investors, including Vanguard Group Inc. and Thrivent Financial for Lutherans, significantly increased their holdings. An insider also sold 30,000 shares, reducing their direct ownership by nearly 60%, while analysts have issued generally positive ratings with a consensus target price of $27.36 for ONB.
Short Interest in Old National Bancorp (NASDAQ:ONB) Decreases By 13.8%
Old National Bancorp (NASDAQ:ONB) experienced a 13.8% decrease in short interest as of January 30th, totaling 17,433,745 shares. This represents 4.5% of the stock and a short-interest ratio of 5.1 days. Despite an insider selling a significant portion of their shares, institutional investors have increased their holdings, and analysts maintain a "Moderate Buy" rating with an average target price of $27.36.
Zweig DiMenna Associates LLC Buys New Shares in Old National Bancorp $ONB
Zweig DiMenna Associates LLC has acquired 100,000 shares of Old National Bancorp (NASDAQ:ONB) for approximately $2.195 million in Q3, increasing institutional ownership to 83.66%. This comes despite an insider selling 30,000 shares, reducing internal ownership to 0.87%. Old National Bancorp surpassed quarterly earnings and revenue estimates, maintaining a "Moderate Buy" consensus rating from analysts.
A Look At Old National Bancorp (ONB) Valuation After Its Upgraded SWIFT System Rollout
Old National Bancorp (ONB) recently upgraded its SWIFT system, a move that comes as the company's shares show significant momentum over the past three months and five years. The stock is currently valued at US$24.77, which Simply Wall St's analysis suggests is undervalued by 9.7% with a fair value of $27.42, due to strong performance in fee-based businesses and controlled expenses. While the P/E ratio is higher than peers, indicating some market expectation, the narrative points to future growth in wealth management and trust services.
Rhumbline Advisers Grows Holdings in Old National Bancorp $ONB
Rhumbline Advisers increased its stake in Old National Bancorp ($ONB) by 5.4% in the third quarter, now owning 1,184,426 shares valued at approximately $25.998 million. Old National Bancorp exceeded Q3 earnings expectations with an EPS of $0.62 and revenue of $714.5 million. Analysts currently rate ONB as a "Moderate Buy" with an average target price of $27.36, despite an insider selling 30,000 shares.
Old National Bancorp Adjusts Valuation Amid Mixed Financial Metrics and Growth Indicators
Old National Bancorp has had its valuation and quality scores adjusted due to changes in financial metrics like sales growth and profitability. While some indicators show mixed trends, the company reported positive financial results in June 2025 with a net interest income of USD 514.79 million. Key metrics like P/E ratio, price to book value, EV to EBIT, and strong five-year sales and EBIT growth contribute to its assessment, despite unfavorable trends in ROCE and ROE.
Old National Bancorp $ONB Shares Purchased by Principal Financial Group Inc.
Principal Financial Group Inc. increased its stake in Old National Bancorp (ONB) by 5.3% in the third quarter, now owning 786,469 shares valued at $17.26 million. Institutional investors collectively hold 83.66% of the company's stock, with Algebris UK Ltd. acquiring a new $25.6 million position. Old National Bancorp surpassed Q4 earnings estimates with an EPS of $0.62 and maintains a "Moderate Buy" consensus rating from analysts.
Old National Bank, Axletree Solutions Partnership Finalizes Critical Swift Architecture, Achieves ISO 20022 Compliance for 2026
Old National Bank and Axletree Solutions have completed a partnership to implement an updated SWIFT architecture, achieving ISO 20022 compliance ahead of the 2026 mandate. This collaboration has enhanced Old National's international payments processing with real-time tracking, improved security, and increased operational efficiency through Axletree's Symmetree platform. The initiative strengthens Old National's competitive position and provides a scalable foundation for future international growth.
A Look At Old National Bancorp (ONB) Valuation After Creating A New Chief Revenue Enablement Officer Role
Old National Bancorp (ONB) has appointed Joe Chasteen to a new Chief Revenue Enablement Officer role, signaling a focus on organic growth and sales processes. The company's stock has seen a significant return over the past 90 days and five years, with analysts suggesting it is currently undervalued at $25.88 compared to an average target of $27.42. The valuation narrative points to operational efficiencies from acquisitions and improved financial metrics, though risks like rising commercial real estate credit costs or a weak regional economy could impact its future performance.
Old National Names Joe Chasteen Chief Revenue Enablement Officer
Old National Bancorp has appointed Joe Chasteen as its Chief Revenue Enablement Officer, a new strategic leadership role. Chasteen brings over 27 years of banking and enterprise leadership experience to focus on organic growth and revenue generation, including advancing sales processes and CRM tools. He will report to President & Chief Operating Officer Tim Burke, aiming to enhance sales delivery rigor, consistency, and accountability.
Old National Names Joe Chasteen Chief Revenue Enablement Officer
Old National Bancorp has appointed Joe Chasteen as its new Chief Revenue Enablement Officer, a strategic role focused on organic growth and revenue generation. Chasteen brings 27 years of experience in business banking and enterprise leadership from various financial institutions. He will be responsible for establishing and reinforcing the company's sales processes, advancing CRM tools, and leading sales enablement efforts.
Old National Bancorp Appoints Joe Chasteen as Chief Revenue Enablement Officer to Drive Organic Growth
Old National Bancorp has appointed Joe Chasteen as Chief Revenue Enablement Officer, a new strategic leadership role focused on organic growth and revenue generation. Chasteen brings 27 years of banking experience and will be responsible for establishing disciplined sales processes and advancing CRM tools across the organization. This appointment aims to enhance sales performance and accountability for the sixth-largest commercial bank headquartered in the Midwest.
Former Old National Bank CFO acquitted on child molestation charges
Brendon Falconer, former CFO of Old National Bank, has been acquitted on two charges of child molestation after his trial by jury experienced several delays. Falconer was arrested in March 2024 and subsequently placed on administrative leave by Old National Bank, receiving $2.6 million in a mutual separation agreement. The trial, originally scheduled for September 2024, was rescheduled multiple times before concluding in February 2026 with a not-guilty verdict.
Ex-Old National Bank executive found not guilty of child molestation
Brendon Falconer, the former CFO of Old National Bank, was acquitted on two counts of child molesting after a three-day trial in Warrick County. Falconer was arrested in March 2024 following allegations found in the child's diary, and despite recorded conversations where he reportedly admitted to the abuse, he was found not guilty. An order of impending expungement was filed, indicating the case could be removed from his record.
Jury reaches verdict in trial of Old National Bank CFO charged with child molesting
A jury found Brendon Falconer, the former Chief Financial Officer of Old National Bank, not guilty on two counts of child molesting. Falconer was initially charged in 2024 based on allegations from 2014 and 2016, and had partially admitted to the accusations in his arrest affidavit.
