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Old National Bancorp Announces Quarterly Dividends and Stock Repurchase Program
GlobeNewswire· 2025-02-19 21:15
Group 1 - The Company declared a quarterly cash dividend of $0.14 per share on its common stock, payable on March 17, 2025, to shareholders of record as of March 5, 2025 [1] - A quarterly cash dividend of $17.50 per share on the 7.0% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series A and Series C, was also declared, payable on May 20, 2025, to shareholders of record as of May 5, 2025 [2] - The Board of Directors approved a stock repurchase program authorizing the repurchase of up to $200 million of the Company's common stock, effective until February 28, 2026 [3] Group 2 - Old National Bancorp is the holding company of Old National Bank, ranking as the sixth largest commercial bank in the Midwest with approximately $54 billion in assets and $30 billion in assets under management [4] - The Company focuses on building long-term partnerships with clients and supporting the communities it serves, offering services in consumer and commercial banking, wealth management, and capital markets [4] - In 2024, Old National was recognized as one of "The Civic 50," an honor for the 50 most community-minded companies in the United States [4]
Old National Bancorp(ONB) - 2024 Q4 - Annual Report
2025-02-19 19:19
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________ to ____________ Commission File Number 001-15817 Old National Bancorp (Exact name of the Registrant as specified in its charter) (State or other jurisdiction of ...
United Theranostics Secures $15 Million Senior Debt Facility to Fuel Network Growth and Expansion
Newsfilter· 2025-02-11 14:00
Core Insights - United Theranostics has successfully closed a $15 million senior debt facility with Old National Bank to expand its network of clinics offering radiopharmaceutical therapies and clinical trials for new drugs [1][2] Company Overview - United Theranostics is a national private practice focused on providing broader access to radiopharmaceutical therapy and advanced molecular imaging in community settings [2] - The company aims to establish up to eight new centers across the U.S. within the next 12 months, modeled after its existing facilities in Glen Burnie, MD, and Princeton, NJ [2] - The company was founded by Dr. Michael Morris, Dr. Babak Saboury, and Dr. Eliot Siegel, with Dr. Munir Ghesani recently joining as Chief Medical Officer [3] Financial Partnership - The partnership with Old National Bank is expected to provide United Theranostics with a strong financial backing to accelerate clinic growth throughout 2025 and 2026 [2] - The funding will support the expansion of the company's nationwide network of community-based facilities offering both FDA-approved therapies and those in clinical trial development [2] Commitment to Patient Care - United Theranostics is dedicated to making personalized theranostics cancer treatment and clinical trials accessible to all patients in a comfortable, patient-centric outpatient setting [4]
Old National Bancorp (ONB) is a Great Momentum Stock: Should You Buy?
ZACKS· 2025-02-05 18:00
Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Even though momentum is a popular stock char ...
Old National Bancorp(ONB) - 2024 Q4 - Earnings Call Transcript
2025-01-21 17:11
Financial Data and Key Metrics Changes - Old National reported strong results for the fourth quarter and the full-year 2024, successfully navigating a challenging environment while maintaining an offensive growth strategy [5]. Business Line Data and Key Metrics Changes - Specific details regarding changes in various business lines were not provided in the available content. Market Data and Key Metrics Changes - Information on market data and key metrics changes was not included in the provided content. Company Strategy and Development Direction and Industry Competition - The company emphasized its commitment to an offensive growth strategy, which includes investing in talent and remaining opportunistic in its approach [5]. Management's Comments on Operating Environment and Future Outlook - Management acknowledged the challenges faced in 2024 but highlighted the successful navigation of these challenges, indicating a positive outlook for future performance [5]. Other Important Information - The company referred to its forward-looking statements and risk factors, which are disclosed in SEC filings, indicating a focus on transparency and investor understanding [3][4]. Q&A Session Summary - No specific questions and answers from the Q&A session were provided in the available content.
Old National Bancorp(ONB) - 2024 Q4 - Earnings Call Presentation
2025-01-21 17:09
Non-GAAP Financial Measures 4th Quarter 2024 Financial Review January 21, 2025 Forward-Looking Statements These materials contain certain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act"), notwithstanding that such statements are not specifically identified as such. In addition, certain statements may be contained in our future filings with the Securities and Exchange Commission ("SEC"), in press releases, and in oral and written statements m ...
Compared to Estimates, Old National Bancorp (ONB) Q4 Earnings: A Look at Key Metrics
ZACKS· 2025-01-21 15:31
Core Insights - Old National Bancorp (ONB) reported revenue of $495.72 million for the quarter ended December 2024, reflecting a year-over-year increase of 5.3% and surpassing the Zacks Consensus Estimate of $486.03 million by 1.99% [1] - The company's earnings per share (EPS) for the quarter was $0.49, an increase from $0.46 in the same quarter last year, and exceeded the consensus EPS estimate of $0.46 by 6.52% [1] Financial Performance Metrics - Efficiency Ratio was reported at 54.4%, higher than the estimated 53% by analysts [4] - Net interest margin (FTE) remained stable at 3.3%, matching the analysts' average estimate [4] - Average balance of total earning assets was $48.41 billion, slightly above the two-analyst average estimate of $48.22 billion [4] - Net charge-offs to average loans were reported at 0.2%, consistent with the two-analyst average estimate [4] - Total noninterest income reached $95.77 million, exceeding the three-analyst average estimate of $85.94 million [4] - Net Interest Income (FTE) was $399.96 million, slightly below the three-analyst average estimate of $400.09 million [4] - Service charges on deposit accounts were $20.58 million, above the estimated $19.83 million by analysts [4] - Wealth and investment services fees totaled $30.01 million, surpassing the two-analyst average estimate of $29.36 million [4] - Mortgage banking revenue was reported at $7.03 million, exceeding the average estimate of $6.55 million based on two analysts [4] Stock Performance - Shares of Old National Bancorp have returned +5.9% over the past month, outperforming the Zacks S&P 500 composite's +1.2% change [3] - The stock currently holds a Zacks Rank 1 (Strong Buy), indicating potential for outperformance in the near term [3]
Old National Bancorp (ONB) Q4 Earnings and Revenues Surpass Estimates
ZACKS· 2025-01-21 14:16
Old National Bancorp (ONB) came out with quarterly earnings of $0.49 per share, beating the Zacks Consensus Estimate of $0.46 per share. This compares to earnings of $0.46 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 6.52%. A quarter ago, it was expected that this holding company for Old National Bank would post earnings of $0.46 per share when it actually produced earnings of $0.46, delivering no surprise.Over the last fou ...
Old National Bancorp(ONB) - 2024 Q4 - Annual Results
2025-01-21 12:06
Exhibit 99.1 Old National Bancorp Reports Fourth Quarter and Full-Year 2024 Results Evansville, Ind. (January 21, 2025) Old National Bancorp (NASDAQ: ONB) reports 4Q24 net income applicable to common shares of $149.8 million, diluted EPS of $0.47; $156.0 million and $0.49 on an adjusted basis, respectively. Full- year net income applicable to common shares of $523.1 million, diluted EPS of $1.68; $578.1 million and $1.86 on an adjusted basis, respectively. 1 1 CEO COMMENTARY: "Old National's successful 4th ...
Old National Bancorp Reports Fourth Quarter and Full-Year 2024 Results
GlobeNewswire· 2025-01-21 12:00
EVANSVILLE, Ind., Jan. 21, 2025 (GLOBE NEWSWIRE) -- Old National Bancorp (NASDAQ: ONB) reports 4Q24 net income applicable to common shares of $149.8 million, diluted EPS of $0.47; $156.0 million and $0.49 on an adjusted1 basis, respectively. Full-year net income applicable to common shares of $523.1 million, diluted EPS of $1.68; $578.1 million and $1.86 on an adjusted1 basis, respectively. CEO COMMENTARY: "Old National's successful 4th quarter was driven by continued growth in our peer-leading deposit fra ...