Old National Bancorp appoints Joe Chasteen as Chief Revenue Enablement Officer to drive growth and enhance sales processes.
Quiver AI Summary
Old National Bancorp has appointed Joe Chasteen as Chief Revenue Enablement Officer, a new position aimed at enhancing organic growth and revenue generation. With over 27 years of experience in business banking and leadership roles at major financial institutions, Chasteen will focus on developing disciplined sales processes and advancing the use of customer relationship management tools across the organization. His appointment is expected to bring increased rigor and accountability to Old National's sales initiatives. Chasteen holds a degree in Marketing Management from Michigan State University and a Master's in Finance from Walsh College. Old National Bancorp, the sixth-largest commercial bank in the Midwest, has a strong commitment to community and client partnerships, serving clients primarily in the Midwest and Southeast.
Potential Positives
- Appointment of Joe Chasteen as Chief Revenue Enablement Officer signifies a strategic move to enhance organic growth and revenue generation.
- Chasteen's extensive experience in business banking and leadership positions can lead to improved sales processes and better client support, potentially driving higher performance for Old National.
- The creation of a role focused on disciplined sales processes and effective use of technology indicates Old National's commitment to innovation and excellence in service delivery.
- Old National's recognition as one of "The Civic 50" underscores its dedication to community engagement, enhancing brand reputation and potential customer loyalty.
Potential Negatives
- The creation of a new Chief Revenue Enablement Officer position may indicate that the company is struggling with organic growth and revenue generation, necessitating a strategic restructuring in leadership.
- The focus on reinforcing sales processes and the need for increased accountability within sales delivery could suggest prior weaknesses in the company's sales performance and execution.
- The need to advance customer relationship management tools and support sales enablement might imply that the company's current systems are inadequate or outdated, potentially affecting competitiveness.
FAQ
Who is Joe Chasteen?
Joe Chasteen is the newly appointed Chief Revenue Enablement Officer at Old National Bancorp, with over 27 years of banking experience.
What is the role of Chief Revenue Enablement Officer?
This role focuses on organic growth, revenue generation, and reinforcing sales processes within Old National Bancorp.
Why was Joe Chasteen appointed to this position?
His extensive experience in banking and proven leadership in driving sales and building teams made him a strong fit for the role.
What does Old National Bancorp specialize in?
Old National Bancorp specializes in consumer and commercial banking, wealth management, and capital markets services, primarily in the Midwest and Southeast.
What recognition has Old National Bancorp received recently?
In 2025, Old National was named one of "The Civic 50," highlighting its commitment to community and social responsibility.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$ONB Insider Trading Activity
$ONB insiders have traded $ONB stock on the open market 2 times in the past 6 months. Of those trades, 0 have been purchases and 2 have been sales.
Here’s a breakdown of recent trading of $ONB stock by insiders over the last 6 months:
- NICHOLAS J CHULOS (Chief Legal Officer & Corp Sec) has made 0 purchases and 2 sales selling 30,000 shares for an estimated $751,497.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$ONB Revenue
$ONB had revenues of $800.4M in Q4 2025. This is an increase of 36.65% from the same period in the prior year.
You can track ONB financials on Quiver Quantitative's ONB stock page.
$ONB Hedge Fund Activity
We have seen 182 institutional investors add shares of $ONB stock to their portfolio, and 202 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- FMR LLC added 4,313,782 shares (+14.2%) to their portfolio in Q3 2025, for an estimated $94,687,514
- CITADEL ADVISORS LLC removed 3,925,500 shares (-69.5%) from their portfolio in Q3 2025, for an estimated $86,164,725
- AMERICAN CENTURY COMPANIES INC removed 3,004,258 shares (-23.8%) from their portfolio in Q3 2025, for an estimated $65,943,463
- BLACKROCK, INC. added 2,806,185 shares (+7.1%) to their portfolio in Q3 2025, for an estimated $61,595,760
- FIRST TRUST ADVISORS LP added 2,672,319 shares (+104.6%) to their portfolio in Q3 2025, for an estimated $58,657,402
- MANUFACTURERS LIFE INSURANCE COMPANY, THE added 2,081,707 shares (+56.1%) to their portfolio in Q3 2025, for an estimated $45,693,468
- NFJ INVESTMENT GROUP, LLC added 1,304,742 shares (+inf%) to their portfolio in Q3 2025, for an estimated $28,639,086
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
$ONB Analyst Ratings
Wall Street analysts have issued reports on $ONB in the last several months. We have seen 3 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- TD Cowen issued a "Buy" rating on 01/22/2026
- Piper Sandler issued a "Overweight" rating on 10/23/2025
- Truist Securities issued a "Buy" rating on 10/23/2025
To track analyst ratings and price targets for $ONB, check out Quiver Quantitative's $ONB forecast page.
$ONB Price Targets
Multiple analysts have issued price targets for $ONB recently. We have seen 6 analysts offer price targets for $ONB in the last 6 months, with a median target of $26.5.
Here are some recent targets:
- Brian Foran from Truist Securities set a target price of $27.0 on 01/26/2026
- Terry McEvoy from Stephens & Co. set a target price of $28.0 on 01/22/2026
- Jon G. Arfstrom from RBC Capital set a target price of $26.0 on 01/22/2026
- Janet Lee from TD Cowen set a target price of $30.0 on 01/22/2026
- Nicholas Holowko from UBS set a target price of $25.0 on 12/15/2025
- Scott Siefers from Piper Sandler set a target price of $26.0 on 10/23/2025
Full Release
EVANSVILLE, Ind., Feb. 06, 2026 (GLOBE NEWSWIRE) -- Old National Bancorp (“Old National”) has appointed Joe Chasteen to the role of Chief Revenue Enablement Officer, a newly-created strategic leadership position focused on organic growth and revenue generation.
Chasteen brings more than 27 years of business banking and enterprise leadership experience to Old National, previously holding senior roles at several large financial institutions across the country. Across those organizations Joe has led large teams spanning multiple regions, building sales strategies, guiding integrations, and supporting the growth of business clients of all sizes.
A core focus of the Chief Revenue Enablement Officer role will be establishing and reinforcing Old National’s enterprise-wide disciplined sales processes, including further advancing the use of customer relationship management tools and leading efforts across sales enablement, data and reporting, market leadership frameworks, and go-to-market execution.
“Joe’s background demonstrates a unique combination of deep banking expertise, proven leadership, and disciplined execution,” said Old National President & Chief Operating Officer Tim Burke. “His track record of building high-performing teams and driving consistent results across organizations, along with his highly collaborative approach, will bring even more rigor, consistency, and accountability to our sales delivery.”
Chasteen holds a B.A. in Marketing Management from Michigan State University and an M.S. in Finance from Walsh College. He resides in Michigan and will office in Troy, Mich., reporting directly to Burke.
ABOUT OLD NATIONAL
Old National Bancorp (NASDAQ: ONB) is the holding company of Old National Bank. As the sixth largest commercial bank headquartered in the Midwest, Old National proudly serves clients primarily in the Midwest and Southeast. With approximately $72 billion of assets and $37 billion of assets under management, Old National ranks among the top 25 banking companies headquartered in the United States. Tracing our roots to 1834, Old National focuses on building long-term, highly valued partnerships with clients while also strengthening and supporting the communities we serve. In addition to providing extensive services in consumer and commercial banking, Old National offers comprehensive wealth management and capital markets services. For more information and financial data, please visit Investor Relations at
oldnational.com
. In 2025, Points of Light named Old National one of "The Civic 50" -- an honor reserved for the 50 most community-minded companies in the United States.
Investor Relations:
Lynell Durchholz
(812) 464-1366
[email protected]
Media Relations:
Rick Vach
(904) 535-9489
[email protected]
