Old National Bancorp Announces Quarterly Dividends
Dividend Announcement: Old National Bancorp declared a quarterly cash dividend of $0.14 per share on common stock, payable on September 15, 2025, and a dividend of $17.50 per share on its preferred stock, payable on November 20, 2025.
Company Overview: Old National Bancorp is the sixth largest commercial bank in the Midwest with approximately $71 billion in assets, focusing on long-term client partnerships and community support, recognized as one of "The Civic 50" for its community-minded initiatives.
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- Earnings Preview: Old National Bancorp is set to report earnings this Wednesday, with market expectations for a 46.9% year-on-year revenue growth, a significant improvement from last year's 9.5% increase, indicating strong growth potential for the company.
- Revenue Performance: Last quarter, Old National Bank reported revenues of $714.4 million, up 44.1% year-on-year, although it slightly missed analysts' expectations on net interest income, it achieved a narrow beat on tangible book value per share estimates.
- Market Sentiment: Investor sentiment in the regional banks segment has been positive, with average share prices rising 10.2% over the past month, while Old National Bank's shares increased by 12.9%, reflecting optimism heading into earnings.
- Analyst Expectations: Analysts have generally reaffirmed their estimates for Old National Bank over the past 30 days, with an average price target of $27.36 compared to the current share price of $24.34, indicating a significant upside potential and a positive outlook for its future performance.
- Inflation Impact: January's Producer Price Index (PPI) rose 0.5% month-over-month, surpassing the expected 0.3%, with the core component increasing by 0.8%, indicating limited room for the Federal Reserve to cut interest rates and heightening concerns over potential economic slowdown.
- Rising Credit Risk: A Bank of America strategist highlighted increasing concerns over problem loans that could pressure lenders, prompting investors to reassess credit risk, particularly in private credit and leveraged loan markets, negatively impacting valuations of banks sensitive to economic cycles.
- Regional Bank Declines: The market's reaction led to significant declines in regional banks, with UMB Financial (NASDAQ:UMBF) down 7%, Texas Capital Bank (NASDAQ:TCBI) down 6.8%, Simmons First National (NASDAQ:SFNC) down 6.6%, Pinnacle Financial Partners (NASDAQ:PNFP) down 7.5%, and Old National Bank (NASDAQ:ONB) down 6.7%, reflecting waning investor confidence in the sector.
- Overreaction Opportunity: While the market's response to the news has been severe, the substantial price drops may present good buying opportunities for high-quality stocks, especially amid increasing economic uncertainty, necessitating careful evaluation of potential investment prospects.

- Outstanding Earnings: Old National Bancorp reported an adjusted EPS of $0.62 for Q4 2025, reflecting a 5% quarter-over-quarter increase and a 27% year-over-year rise, showcasing significant improvements in profitability that solidify its competitive position in the industry.
- Loan Growth Outlook: Management anticipates loan growth of 4% to 6% in 2026, a positive outlook that reflects the success of the company's core deposit strategy execution, expected to drive future revenue growth and market share expansion.
- Capital Management Strategy: Despite merger-related charges, Old National Bancorp achieved a 15% increase in tangible book value per share and plans to be more active in share repurchases in 2026, indicating a strong balance between capital returns and organic growth.
- Efficiency Ratio Innovation: The adjusted efficiency ratio dropped to a record low of 46%, demonstrating ongoing improvements in cost control and operational efficiency, which further enhance its profitability and competitive edge in the market.
Quarterly Cash Dividend Declared: Old National Bancorp's Board of Directors announced a quarterly cash dividend of $0.14 per share, payable on December 15, 2025, to shareholders of record by December 5, 2025.
Preferred Stock Dividend Announced: The Board also declared a quarterly cash dividend of $17.50 per share on its 7.0% Fixed Rate Non-Cumulative Perpetual Preferred Stock, payable on February 20, 2026, to shareholders of record by February 5, 2026.
Company Overview: Old National Bancorp, the sixth largest commercial bank in the Midwest, manages approximately $71 billion in assets and focuses on building long-term partnerships while serving clients primarily in the Midwest and Southeast.
Community Recognition: In 2025, Old National was recognized as one of "The Civic 50," highlighting its commitment to community service and being among the most community-minded companies in the U.S.
Earnings Release Date: Old National Bancorp (NASDAQ:ONB) is scheduled to announce its Q3 2025 earnings on October 22, 2025, with expected revenue of $696.71 million and earnings of $0.49 per share.
Revenue and Earnings Estimates: Full year 2025 revenue estimates remain at $2.53 billion, while earnings estimates have decreased from $1.86 to $1.82 per share; 2026 revenue estimates have slightly declined.
Previous Quarter Performance: In Q2 2025, ONB reported revenue of $647.31 million, exceeding expectations, and earnings of $0.34 per share, also surpassing forecasts, despite a 1.50% drop in stock price post-results.
Analyst Recommendations: The average target price for ONB is $26.33, indicating a potential upside of 27.52%, with a consensus recommendation of 2.1, suggesting an "Outperform" status among analysts.

Presentation Announcement: Old National Bancorp's CEO Jim Ryan will present at the 2025 Barclays Global Financial Services Conference on September 8, 2025, at 2:45 p.m. ET, with a live webcast available on their Investor Relations website.
Company Overview: Old National Bancorp, the sixth largest commercial bank in the Midwest, manages approximately $71 billion in assets and has been recognized as one of "The Civic 50" for its community engagement efforts.








