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Old National Bancorp Announces Quarterly Dividends and Stock Repurchase Program
ONBOld National Bancorp(ONB) GlobeNewswire·2025-02-19 21:15

Group 1 - The Company declared a quarterly cash dividend of 0.14pershareonitscommonstock,payableonMarch17,2025,toshareholdersofrecordasofMarch5,2025[1]Aquarterlycashdividendof0.14 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 200millionoftheCompanyscommonstock,effectiveuntilFebruary28,2026[3]Group2OldNationalBancorpistheholdingcompanyofOldNationalBank,rankingasthesixthlargestcommercialbankintheMidwestwithapproximately200 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]