Old National Bancorp announced quarterly cash dividends for common and preferred shares, payable in September and November 2025.
Quiver AI Summary
Old National Bancorp announced a quarterly cash dividend of $0.14 per share on its common stock, which will be paid on September 15, 2025, to shareholders of record by September 5, 2025. Additionally, a dividend of $17.50 per share on its Fixed Rate Non-Cumulative Perpetual Preferred Stock (Series A and Series C) will be distributed on November 20, 2025, to shareholders on record by November 5, 2025. Old National Bancorp, the holding company of Old National Bank, is a major Midwest and Southeast commercial bank with a strong commitment to community engagement, as recognized by being named one of "The Civic 50" by Points of Light in 2025.
Potential Positives
- Declaration of a quarterly cash dividend of $0.14 per share demonstrates financial stability and commitment to returning value to shareholders.
- Additional declaration of a $17.50 dividend on preferred stock signals robust financial health and support for both common and preferred shareholders.
- Recognition as one of "The Civic 50" highlights Old National's dedication to community engagement and corporate social responsibility.
- Old National's ranking among the top 25 banking companies in the U.S. reinforces its strong position in the financial industry and enhances its reputation.
Potential Negatives
- Declaring a cash dividend could indicate concerns about future profitability, as companies may implement dividends to attract or retain investors during uncertain times.
- The specific amounts of dividends declared may suggest limited growth opportunities, potentially reflecting a conservative approach to capital allocation rather than aggressive reinvestment in the business.
- The reliance on preferred stock dividends may raise questions about the company’s overall financial health and ability to meet its obligations to different classes of shareholders.
FAQ
What is the quarterly cash dividend amount declared by Old National Bancorp?
The Board of Directors declared a quarterly cash dividend of $0.14 per share on common stock.
When will the dividends be payable to shareholders?
The dividends will be payable on September 15, 2025, and November 20, 2025, depending on the stock type.
What are the share types for Old National Bancorp's dividends?
The dividends apply to common stock and 7.0% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series A and C.
How does Old National Bancorp rank among U.S. banks?
Old National Bancorp ranks among the top 25 banking companies headquartered in the United States.
What recognition did Old National receive in 2025?
Old National was named one of "The Civic 50" by Points of Light, honoring its community-minded initiatives.
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:
- MARK G SANDER (PRESIDENT AND COO) has made 0 purchases and 2 sales selling 67,343 shares for an estimated $1,491,333.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$ONB Hedge Fund Activity
We have seen 198 institutional investors add shares of $ONB stock to their portfolio, and 180 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- OLD NATIONAL BANCORP /IN/ added 43,136,619 shares (+2525.9%) to their portfolio in Q2 2025, for an estimated $920,535,449
- FMR LLC added 23,428,539 shares (+1235.0%) to their portfolio in Q1 2025, for an estimated $496,450,741
- CITADEL ADVISORS LLC removed 4,022,187 shares (-58.6%) from their portfolio in Q1 2025, for an estimated $85,230,142
- MILLENNIUM MANAGEMENT LLC removed 3,489,966 shares (-72.8%) from their portfolio in Q1 2025, for an estimated $73,952,379
- BALYASNY ASSET MANAGEMENT L.P. added 2,035,492 shares (+889.5%) to their portfolio in Q1 2025, for an estimated $43,132,075
- UBS GROUP AG added 1,830,648 shares (+116.7%) to their portfolio in Q1 2025, for an estimated $38,791,431
- FIRST TRUST ADVISORS LP removed 1,335,946 shares (-34.3%) from their portfolio in Q2 2025, for an estimated $28,509,087
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 6 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- Piper Sandler issued a "Overweight" rating on 07/23/2025
- Truist Securities issued a "Buy" rating on 07/11/2025
- Barclays issued a "Overweight" rating on 07/08/2025
- Citigroup issued a "Buy" rating on 04/23/2025
- Stephens & Co. issued a "Overweight" rating on 04/14/2025
- Raymond James issued a "Strong Buy" rating on 04/02/2025
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 9 analysts offer price targets for $ONB in the last 6 months, with a median target of $27.0.
Here are some recent targets:
- Jon Arfstrom from RBC Capital set a target price of $24.0 on 07/23/2025
- Scott Siefers from Piper Sandler set a target price of $27.0 on 07/23/2025
- Brian Foran from Truist Securities set a target price of $27.0 on 07/11/2025
- Jared Shaw from Barclays set a target price of $28.0 on 07/08/2025
- David Chiaverini from Jefferies set a target price of $24.0 on 05/21/2025
- Ben Gerlinger from Citigroup set a target price of $28.0 on 04/23/2025
- Terry McEvoy from Stephens & Co. set a target price of $27.0 on 04/14/2025
Full Release
EVANSVILLE, Ind., Aug. 13, 2025 (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 15, 2025, to shareholders of record as of the close of business on September 5, 2025.
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 dividends are payable on November 20, 2025, to shareholders of record as of the close of business on November 5, 2025.
ABOUT OLD NATIONAL
Old National Bancorp 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 $71 billion of assets and $38 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 Jillson
(812) 465-7267
[email protected]
