Old National Bancorp Announces Quarterly Dividends
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 13 2025
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Source: Newsfilter
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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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Old National Bank Risk Analysis and Alternative Investment
- Low Net Interest Margin: Old National Bank's net interest margin averaged only 3.5% over the past two years, significantly below industry standards, indicating poor loan profitability that limits the bank's flexibility and profit potential.
- Weak EPS Growth: While Old National Bank's revenue has grown at an impressive annualized rate of 26.7%, its earnings per share (EPS) have only increased at a meager 5.8% compounded annual growth rate, suggesting a decline in profitability per share during expansion, which may undermine investor confidence.
- Slow Tangible Book Value Growth: The bank's tangible book value per share (TBVPS) grew by just 4% over the last five years, but recently accelerated to 11.9% over the past two years, increasing from $11.15 to $13.96, indicating an improvement in asset foundation.
- Market Performance and Valuation: Despite Old National Bank's stock outperforming the S&P 500 by 5.1% over the past six months, trading at a forward price-to-book ratio of 1.1, there appears to be no significant investment opportunity, prompting analysts to recommend seeking more promising alternatives.
See More
Banking Sector Faces Disruption from Fintech
- Banking Sector Growth: The banking industry has posted an 11.3% gain over the past six months, outperforming the S&P 500 by 6.3 percentage points, indicating improved net interest margins and robust credit growth, but future competition from fintech is expected to intensify.
- Concerns on Old National Bank: Old National Bank's net interest margin stands at 3.5%, significantly below industry averages, and its five-year annual earnings per share growth of 5.8% suggests insufficient profitability, which may deter long-term investment interest.
- NBT Bancorp's Lackluster Growth: NBT Bancorp has experienced only 9.3% annual sales growth, below typical banking standards, and its estimated net interest income growth of 6.7% for the next 12 months indicates a slowdown in demand, potentially leading to further market share loss.
- Arbor Realty Trust's Capital Management Issues: Arbor Realty Trust has seen a decline in earnings per share over the past two years, with an annual tangible book value per share decrease of 5.1%, highlighting challenges in capital management during the current economic cycle, which could undermine investor confidence.
See More
Old National Bancorp Q1 2026 Earnings Exceed Expectations
- Earnings Beat: Old National Bancorp reported Q1 2026 GAAP earnings per share of $0.59, with adjusted EPS at $0.61, exceeding analyst expectations and demonstrating robust loan growth and effective funding management in a competitive market.
- Capital Return Strategy: The company repurchased 3.9 million shares during the quarter and plans to continue buybacks under existing authorization, indicating a strong commitment to shareholder returns while asserting that acquisitions are not necessary for growth objectives.
- Loan and Deposit Growth: Total loans grew at an annualized rate of 8% in Q1, led by a 16.9% annualized increase in commercial and industrial loans, while total deposits increased by 4.2% annualized, reflecting strong performance in the core deposit franchise.
- Stable Outlook: Management maintained its full-year 2026 guidance, expecting earnings per share growth of over 15%, and emphasized that the company's profitability and expense control will remain peer-leading in a stable interest rate environment.
See More
Old National Bancorp Set to Report Earnings
- 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.
See More
Inflation Data Exceeds Expectations, Triggering Market Volatility
- 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.
See More
Old National Bancorp Reports Record Q4 2025 Earnings with Adjusted EPS of $0.62
- 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.
See More
Old National Bank Risk Analysis and Alternative Investment
- Low Net Interest Margin: Old National Bank's net interest margin averaged only 3.5% over the past two years, significantly below industry standards, indicating poor loan profitability that limits the bank's flexibility and profit potential.
- Weak EPS Growth: While Old National Bank's revenue has grown at an impressive annualized rate of 26.7%, its earnings per share (EPS) have only increased at a meager 5.8% compounded annual growth rate, suggesting a decline in profitability per share during expansion, which may undermine investor confidence.
- Slow Tangible Book Value Growth: The bank's tangible book value per share (TBVPS) grew by just 4% over the last five years, but recently accelerated to 11.9% over the past two years, increasing from $11.15 to $13.96, indicating an improvement in asset foundation.
- Market Performance and Valuation: Despite Old National Bank's stock outperforming the S&P 500 by 5.1% over the past six months, trading at a forward price-to-book ratio of 1.1, there appears to be no significant investment opportunity, prompting analysts to recommend seeking more promising alternatives.
See More
Banking Sector Faces Disruption from Fintech
- Banking Sector Growth: The banking industry has posted an 11.3% gain over the past six months, outperforming the S&P 500 by 6.3 percentage points, indicating improved net interest margins and robust credit growth, but future competition from fintech is expected to intensify.
- Concerns on Old National Bank: Old National Bank's net interest margin stands at 3.5%, significantly below industry averages, and its five-year annual earnings per share growth of 5.8% suggests insufficient profitability, which may deter long-term investment interest.
- NBT Bancorp's Lackluster Growth: NBT Bancorp has experienced only 9.3% annual sales growth, below typical banking standards, and its estimated net interest income growth of 6.7% for the next 12 months indicates a slowdown in demand, potentially leading to further market share loss.
- Arbor Realty Trust's Capital Management Issues: Arbor Realty Trust has seen a decline in earnings per share over the past two years, with an annual tangible book value per share decrease of 5.1%, highlighting challenges in capital management during the current economic cycle, which could undermine investor confidence.
See More
Old National Bancorp Q1 2026 Earnings Exceed Expectations
- Earnings Beat: Old National Bancorp reported Q1 2026 GAAP earnings per share of $0.59, with adjusted EPS at $0.61, exceeding analyst expectations and demonstrating robust loan growth and effective funding management in a competitive market.
- Capital Return Strategy: The company repurchased 3.9 million shares during the quarter and plans to continue buybacks under existing authorization, indicating a strong commitment to shareholder returns while asserting that acquisitions are not necessary for growth objectives.
- Loan and Deposit Growth: Total loans grew at an annualized rate of 8% in Q1, led by a 16.9% annualized increase in commercial and industrial loans, while total deposits increased by 4.2% annualized, reflecting strong performance in the core deposit franchise.
- Stable Outlook: Management maintained its full-year 2026 guidance, expecting earnings per share growth of over 15%, and emphasized that the company's profitability and expense control will remain peer-leading in a stable interest rate environment.
See More
Old National Bancorp Set to Report Earnings
- 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.
See More
Inflation Data Exceeds Expectations, Triggering Market Volatility
- 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.
See More
Old National Bancorp Reports Record Q4 2025 Earnings with Adjusted EPS of $0.62
- 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.
See More
