Old National Bancorp Declares Quarterly Cash Dividends for Common and Preferred Shares

Old National Bancorp declared cash dividends for common and preferred stock, payable in June and August 2026, respectively.

Quiver AI Summary

Old National Bancorp announced a quarterly cash dividend of $0.145 per share on its common stock, payable on June 15, 2026, to shareholders of record by June 5, 2026. The company also declared a quarterly cash dividend of $17.50 per share on its 7.0% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series A and Series C, payable on August 20, 2026, to shareholders of record by August 5, 2026. Old National, the fifth largest commercial bank in the Midwest, focuses on building long-term partnerships with clients and community support, managing approximately $73 billion in assets. The company was recognized in 2025 as one of "The Civic 50," highlighting its community engagement efforts.

Potential Positives

Declaration of a quarterly cash dividend of $0.145 per share, indicating financial stability and returning value to shareholders.
Announcement of a dividend of $17.50 per share on the preferred stock, showing ongoing commitment to preferred shareholders and financial strength.
Recognition as one of "The Civic 50," highlighting Old National's community engagement and commitment to social responsibility.

Potential Negatives

Declaring a lower cash dividend of $0.145 per share may signal to investors that the company's profitability or cash flow is under pressure, potentially leading to negative perceptions about its financial health.
The timing of dividend payments may indicate a cash management strategy that could be interpreted as prioritizing shareholder returns over reinvestment for growth, raising concerns among investors about future expansion capabilities.
While recognized for community involvement, the press release does not address any recent financial challenges or performance metrics, which could leave shareholders anxious about the company’s current standing and future outlook.

FAQ

What is the quarterly cash dividend declared by Old National Bancorp?

Old National Bancorp announced a quarterly cash dividend of $0.145 per share on its common stock.

When will the dividend be payable to shareholders?

The dividend will be payable on June 15, 2026, for shareholders of record as of June 5, 2026.

What is the amount of the preferred stock dividend?

The Board declared a $17.50 per share dividend on Old National's Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series A and C.

When are the preferred stock dividends payable?

The preferred stock dividends will be payable on August 20, 2026, to shareholders of record as of August 5, 2026.

What recognition did Old National receive in 2025?

In 2025, Old National was named one of "The Civic 50," recognizing it as one of the most community-minded companies in the U.S.

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 3 times in the past 6 months. Of those trades, 0 have been purchases and 3 have been sales.

Here’s a breakdown of recent trading of $ONB stock by insiders over the last 6 months:

BREMER TRUST OTTO sold 1,926,782 shares for an estimated $49,999,992
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. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.

$ONB Revenue

$ONB had revenues of $817.3M in Q1 2026. This is an increase of 42.08% from the same period in the prior year.

You can track ONB financials on Quiver Quantitative's ONB stock page.

You can access data on ONB stock through the Quiver Quantitative API.

$ONB Hedge Fund Activity

We have seen 190 institutional investors add shares of $ONB stock to their portfolio, and 184 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

MACQUARIE GROUP LTD removed 10,876,660 shares (-100.0%) from their portfolio in Q4 2025, for an estimated $242,658,284
CHANNING CAPITAL MANAGEMENT, LLC removed 3,364,699 shares (-100.0%) from their portfolio in Q4 2025, for an estimated $75,066,434
MORGAN STANLEY added 2,785,474 shares (+69.8%) to their portfolio in Q4 2025, for an estimated $62,143,924
BLACKROCK, INC. added 2,302,710 shares (+5.4%) to their portfolio in Q1 2026, for an estimated $50,889,891
AMERICAN CENTURY COMPANIES INC removed 2,049,368 shares (-21.3%) from their portfolio in Q4 2025, for an estimated $45,721,400
OLD NATIONAL BANCORP /IN/ removed 1,969,671 shares (-4.4%) from their portfolio in Q1 2026, for an estimated $43,529,729
BOSTON PARTNERS removed 1,883,015 shares (-100.0%) from their portfolio in Q4 2025, for an estimated $42,010,064

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

$ONB Analyst Ratings

Wall Street analysts have issued reports on $ONB in the last several months. We have seen 1 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

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 10 analysts offer price targets for $ONB in the last 6 months, with a median target of $28.0.

Here are some recent targets:

Brian Foran from Truist Securities set a target price of $28.0 on 04/23/2026
Christopher Mcgratty from Keefe, Bruyette & Woods set a target price of $28.0 on 04/23/2026
Brandon Rud from Stephens & Co. set a target price of $29.0 on 04/23/2026
David Chiaverini from Jefferies set a target price of $25.0 on 04/22/2026
Jared Shaw from Barclays set a target price of $30.0 on 04/07/2026
Benjamin Gerlinger from Citigroup set a target price of $29.0 on 02/24/2026
Jon G. Arfstrom from RBC Capital set a target price of $26.0 on 01/22/2026

Full Release

EVANSVILLE, Ind., May 13, 2026 (GLOBE NEWSWIRE) -- Old National Bancorp (the “Company” or “Old National”) today announced that its Board of Directors declared a quarterly cash dividend of $0.145 per share on the Company’s outstanding shares of common stock. This quarterly cash dividend will be payable on June 15, 2026, to shareholders of record as of the close of business on June 5, 2026.

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 August 20, 2026, to shareholders of record as of the close of business on August 5, 2026.

ABOUT OLD NATIONAL
Old National Bancorp is the holding company of Old National Bank. As the fifth largest commercial bank headquartered in the Midwest, Old National proudly serves clients primarily in the Midwest and Southeast. With approximately $73 billion of assets and $39 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]