Latest news with #ONB
Yahoo
6 days ago
- Business
- Yahoo
Old National Again Named Among the 50 Most Community-Minded U.S. Companies by Points of Light
The Civic 50 EVANSVILLE, Ind., June 04, 2025 (GLOBE NEWSWIRE) -- (NASDAQ: ONB) – For the second consecutive year, Old National Bancorp ('Old National') has been named by Points of Light as one of 'The Civic 50' honorees for 2025. This annual designation is reserved for the 50 most community-minded companies in the nation. A global nonprofit that inspires, equips and mobilizes people to take action that changes the world, Points of Light has recognized the 50 most community-minded companies in the nation every year since 2012. The Civic 50 award is based on employee volunteering, community investment, corporate citizenship and social impact programs. 'Our team members love rolling up their sleeves and making a difference in their communities, as evidenced by the more than 67,000 collective volunteer hours they logged in 2024,' said Jim Ryan, Old National Chairman and CEO. 'Old National is honored to again be recognized by Points of Light as an organization that truly puts our values into action.' Combined, The Civic 50 companies for 2025 have engaged more than 460,000 employees to volunteer more than 6.5 million hours in their communities. That's double the average for U.S. companies not in The Civic 50. 'In an ever-evolving landscape, companies are looking to ensure that they can meet the needs of their communities, customers, and stakeholders,' said Jennifer Sirangelo, President and CEO, Points of Light. 'Companies like Old National are leading the way in showing how social impact benefits their employee's well-being, strengthens the communities where they do business, and brings value and meaning to their work. Their efforts provide a model for others looking to bring the benefits of volunteering and social impact to their workforce, and they're extremely deserving of this recognition.' The Civic 50 honorees are companies with annual U.S. revenues of at least $1 billion. They are selected based on four dimensions of their corporate citizenship and social impact programs: Investment of resources and volunteerism Integration across business functions Institutionalization through policies and systems Impact measurement You can click here for the full list of The Civic 50 honorees. Additionally, for more information and to view Old National's latest Community Action Report, click here. ABOUT OLD NATIONALOld National Bancorp (NASDAQ: ONB) 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 $70 billion of assets and $37 billion of assets under management (including Bremer Financial Corporation on a pro forma basis as of March 31, 2025), 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 In 2025, Points of Light again named Old National as one of "The Civic 50" -- an honor reserved for the 50 most community-minded companies in the United States. ABOUT POINTS OF LIGHTPoints of Light is a nonpartisan, global nonprofit organization that inspires, equips, and mobilizes millions of people to create positive change through volunteering and civic engagement. Through work with nonprofits, companies and social impact leaders, the organization galvanizes volunteers to meet critical needs in communities. As the world's largest organization dedicated to increasing volunteer service, Points of Light engages more than 3.8 million volunteers across 32 countries. For more information, visit Investor Relations:Lynell Durchholz(812) Media Relations:Rick Vach(904) An image accompanying this announcement is available at in to access your portfolio
Yahoo
02-06-2025
- Business
- Yahoo
Old National Bancorp (NASDAQ:ONB) Has Affirmed Its Dividend Of $0.14
The board of Old National Bancorp (NASDAQ:ONB) has announced that it will pay a dividend on the 16th of June, with investors receiving $0.14 per share. This payment means that the dividend yield will be 2.7%, which is around the industry average. AI is about to change healthcare. These 20 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10bn in marketcap - there is still time to get in early. Unless the payments are sustainable, the dividend yield doesn't mean too much. Having distributed dividends for at least 10 years, Old National Bancorp has a long history of paying out a part of its earnings to shareholders. Past distributions do not necessarily guarantee future ones, but Old National Bancorp's payout ratio of 32% is a good sign as this means that earnings decently cover dividends. Over the next 3 years, EPS is forecast to expand by 69.0%. Analysts forecast the future payout ratio could be 21% over the same time horizon, which is a number we think the company can maintain. Check out our latest analysis for Old National Bancorp The company has been paying a dividend for a long time, and it has been quite stable which gives us confidence in the future dividend potential. The dividend has gone from an annual total of $0.44 in 2015 to the most recent total annual payment of $0.56. This means that it has been growing its distributions at 2.4% per annum over that time. Although we can't deny that the dividend has been remarkably stable in the past, the growth has been pretty muted. The company's investors will be pleased to have been receiving dividend income for some time. Earnings have grown at around 4.2% a year for the past five years, which isn't massive but still better than seeing them shrink. If Old National Bancorp is struggling to find viable investments, it always has the option to increase its payout ratio to pay more to shareholders. We should note that Old National Bancorp has issued stock equal to 16% of shares outstanding. Trying to grow the dividend when issuing new shares reminds us of the ancient Greek tale of Sisyphus - perpetually pushing a boulder uphill. Companies that consistently issue new shares are often suboptimal from a dividend perspective. In summary, it is good to see that the dividend is staying consistent, and we don't think there is any reason to suspect this might change over the medium term. Distributions are quite easily covered by earnings, which are also being converted to cash flows. All of these factors considered, we think this has solid potential as a dividend stock. Investors generally tend to favour companies with a consistent, stable dividend policy as opposed to those operating an irregular one. At the same time, there are other factors our readers should be conscious of before pouring capital into a stock. For instance, we've picked out 2 warning signs for Old National Bancorp that investors should take into consideration. Looking for more high-yielding dividend ideas? Try our collection of strong dividend payers. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Yahoo
17-05-2025
- Business
- Yahoo
Aristotle Small Cap Equity Strategy Initiated a Position in Old National Bancorp (ONB) in Q1
Aristotle Capital Boston, LLC, an investment advisor, released its 'Small Cap Equity Strategy' first quarter 2025 investor letter. A copy of the letter can be downloaded here. The volatility observed in 2024 continued into the first quarter of 2025. The Russell 2000 Index experienced volatility in Q1 2025, losing -9.48% after a strong 2024. Due to uncertainty, geopolitical tensions, and a longer rate environment, February and March were challenging. In the first quarter, the strategy delivered a return of -7.34% net of fees (-7.20% gross of fees), outperforming the Russell 2000 Index's -9.48% total return. For more information on the fund's best picks in 2025, please check its top five holdings. In its first-quarter 2025 investor letter, Aristotle Capital Small Cap Equity Strategy highlighted stocks such as Old National Bancorp (NASDAQ:ONB). Old National Bancorp (NASDAQ:ONB) is a bank holding company for Old National Bank. The one-month return of Old National Bancorp (NASDAQ:ONB) was 13.94%, and its shares gained 26.89% of their value over the last 52 weeks. On May 15, 2025, Old National Bancorp (NASDAQ:ONB) stock closed at $22.32 per share with a market capitalization of $8.257 billion. Aristotle Capital Small Cap Equity Strategy stated the following regarding Old National Bancorp (NASDAQ:ONB) in its Q1 2025 investor letter: "Old National Bancorp (NASDAQ:ONB), is a regional bank serving clients primarily in the Midwest and Southeastern U.S. We believe the company's geographic location, strong balance sheet, increased loan growth and repricing of fixed-rate loans to higher rates will benefit NIMs on a go-forward basis." An individual holding a debit card, signifying the company's payment options. Old National Bancorp (NASDAQ:ONB) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 27 hedge fund portfolios held Old National Bancorp (NASDAQ:ONB) at the end of the fourth quarter which was 18 in the previous quarter. While we acknowledge the potential of Old National Bancorp (NASDAQ:ONB) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as NVIDIA but that trades at less than 5 times its earnings, check out our report about the undervalued AI stock set for massive gains. In another article, we covered Old National Bancorp (NASDAQ:ONB) and shared billionaire George Soros' small-cap stocks with huge upside potential. In addition, please check out our hedge fund investor letters Q1 2025 page for more investor letters from hedge funds and other leading investors. READ NEXT: Michael Burry Is Selling These Stocks and A New Dawn Is Coming to US Stocks. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
14-05-2025
- Business
- Yahoo
Old National Bancorp Announces Quarterly Dividends
EVANSVILLE, Ind., May 14, 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 June 16, 2025, to shareholders of record as of the close of business on June 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 August 20, 2025, to shareholders of record as of the close of business on August 5, 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 $70 billion of assets and $37 billion of assets under management (including Bremer Financial Corporation on a pro forma basis as of March 31, 2025), 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 In 2024, 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) Media Relations:Rick Vach(904) in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
02-05-2025
- Business
- Yahoo
Donation drive underway with ONB for veterans in need in Evansville
EVANSVILLE — Volunteers of America Ohio and Indiana has partnered with the Old National Bank's Military Veteran Impact Network to host a donation drive for veterans in need in Evansville. It's part of Military Appreciation Month in May, according to a news release. "Donated items will go to Volunteers of America Ohio and Indiana programs where veterans have the space to recover, heal, and rebuild their lives," the announcement states. Volunteers of America Ohio & Indiana's website illuminates the issues at play. "Veterans often face many challenges when they return from service, like unemployment, poor mental health, physical injuries, and the need for safe, secure housing. If these difficulties go unaddressed, they can lead to homelessness," the site states. Brian Bohrnstedt, a senior financial officer with Old National Bank, explained the bank's motivation. "Homelessness is a huge issue amongst the veteran population, and I have a hard time accepting that," Bohrnstedt said. "It's important to address the underlying issues that lead to things like homelessness and that's why we're excited to partner with Volunteers of America for this donation drive." Through the end of May, community members can visit any of 10 Old National Bank locations throughout Evansville and surrounding areas to donate new, unused donations such as new hygiene items, including underwear, socks, hairbrushes, toothbrushes and pillows. Participants can also purchase items through an online wishlist. The ONB bank branches are: 2121 W. Franklin St., Evansville 4500 Washington Ave., Evansville 3888 First Ave., Evansville 544 E. Boonville-New Harmony Road, Evansville 5124 Pearl Drive, Evansville 3535 N. Green River Road, Evansville 835 N. Burkhardt Road, Evansville 402 Main St., Mount Vernon, Indiana 224 W. Main St., Boonville, Indiana 8577 Ruffian Lane, Newburgh, Indiana This article originally appeared on Evansville Courier & Press: Donation drive underway with ONB for veterans in need in Evansville
