Old National Bancorp Announces Increases to Quarterly Common Stock Dividend and Share Repurchase Program

Dividend Announcement - The Board of Directors increased the quarterly cash dividend on common stock by 3.6% to $0.145 per share, payable on March 16, 2026, to shareholders of record as of March 5, 2026 [1] - A quarterly cash dividend of $17.50 per share was declared on the 7.0% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series A and Series C, payable on May 20, 2026, to shareholders of record as of May 5, 2026 [2] Share Repurchase Program - The Board of Directors approved doubling the share repurchase program, authorizing up to $400 million for repurchasing outstanding shares of common stock, replacing the previous $200 million program set to expire on February 28, 2026 [3] - The new share repurchase program will be in effect until February 28, 2027 [3] Company Overview - Old National Bancorp is the holding company of Old National Bank, the sixth largest commercial bank headquartered in the Midwest, with approximately $72 billion in assets and $37 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 2025, Old National was recognized as one of "The Civic 50," an honor for the 50 most community-minded companies in the United States [4]