onb stock — Old National Bancorp overview

This article explains onb stock (Old National Bancorp) — a NASDAQ‑listed regional bank equity — covering listing details, business model, recent financials, market behavior, dividends, risks, and w...

2024-07-15 10:09:00

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ONB (Old National Bancorp) — stock overview

onb stock refers to the common equity of Old National Bancorp, traded on the NASDAQ under the ticker ONB. This article provides a structured, investor‑oriented overview of onb stock: identification and listing details, company background, business operations, recent financial results, market performance, dividends, governance, analyst coverage, risks, trading considerations, comparable peers, regulatory notes, and where to find authoritative data. The content is factual, neutral, and intended for research and educational purposes; it is not investment advice.

As of January 24, 2024, according to AP (via Zacks Investment Research), Old National Bancorp reported fourth‑quarter earnings of $216.6 million and revenue of $1.01 billion for the period. That report noted adjusted earnings per share of $0.62 and full‑year profit of $669.3 million (or $1.79 per share) on revenue of $2.55 billion. These specific, time‑stamped figures are cited to provide a verifiable recent snapshot of onb stock's underlying company performance.

Identification and listing

Ticker symbol: ONB (commonly referenced as "onb stock" in searches and coverage).
Primary exchange: NASDAQ (trading currency: USD).
Trading hours: Regular U.S. equity market hours (typically 9:30 a.m. to 4:00 p.m. Eastern Time), with extended pre‑market and after‑hours trading available through many brokers.
Identifiers: Standard securities identifiers such as CUSIP and ISIN for onb stock are published in company filings and on market data platforms; consult Old National Bancorp investor relations or SEC filings for the official CUSIP/ISIN values and updates.

Note: Market data (real‑time price, market capitalization, daily volume) for onb stock is available via major financial data providers and the company’s filings. Always confirm values against a live market source when making time‑sensitive decisions.

Company overview

Old National Bancorp is a U.S. regional bank holding company whose principal banking subsidiary is Old National Bank. The company serves a customer base concentrated in the U.S. Midwest and selected Southeastern markets. Core products and services include consumer and commercial banking, deposit accounts, lending (commercial and retail loans), mortgage origination and servicing, wealth management, treasury and cash management services, and insurance brokerage where applicable.

Headquartered in Evansville, Indiana, Old National positions itself as a relationship‑focused regional bank providing a mix of retail and commercial financial services to individuals, small and middle‑market businesses, and institutions within its footprint.

History and corporate milestones

Founding and early expansion: Old National traces its roots to a regional banking history in Indiana and neighboring Midwest states. Over decades, it expanded through organic growth and targeted acquisitions.
Recent acquisitions and integration activity: The company has completed material acquisitions intended to expand geographic reach and scale. Acquisition activity can materially change onb stock’s scale, balance sheet composition, and revenue mix; integration of acquired franchises is a key strategic priority and investor focus.
Strategic shifts: Like many regional banks, Old National has adjusted strategy in response to interest rate cycles, credit market conditions, and regulatory expectations. Management disclosures and SEC filings summarize strategic priorities and milestones.

(For a chronology of specific transaction dates and terms, consult company proxy statements, 8‑K press releases and annual reports.)

Business operations and strategy

Old National’s business is organized around several core lines:

Retail and consumer banking: deposit gathering (checking, savings, CDs), consumer loans and mortgage services.
Commercial banking: middle‑market and small business lending, commercial real estate loans, asset‑based lending and treasury services.
Mortgage and servicing operations: origination, servicing, and related revenue sources.
Wealth management and trust services: advisory, fiduciary services, and brokerage distribution (where applicable).
Insurance brokerage and ancillary financial services: depending on local offerings.

Geographic footprint: Primarily the U.S. Midwest (including Indiana and neighboring states) with targeted presence in select Southeastern markets following strategic acquisitions.

Stated strategic priorities typically emphasize deposit growth, disciplined credit underwriting, cross‑selling of fee businesses (wealth, treasury, mortgage), disciplined capital returns (dividends and repurchases as permitted), and effective integration of acquisitions to realize cost and revenue synergies.

How this influences onb stock: Investors often focus on how acquisitions and deposit trends affect loan growth, net interest margin, non‑interest income, and capital metrics — all drivers of onb stock’s earnings and valuation.

Financial profile

This section summarizes the types of financial metrics investors track for onb stock and provides recent, time‑stamped figures where available.

Key metrics typically monitored for onb stock:

Revenue (net interest income and non‑interest income).
Net income and diluted earnings per share (EPS).
Total assets and loan portfolio size.
Return on equity (ROE) and return on assets (ROA).
Credit quality measures: nonperforming assets, loan loss provisions, allowance for loan and lease losses (ALLL).
Capital ratios for the holding company and bank subsidiary (Tier 1 leverage, CET1, risk‑based ratios).
Valuation multiples: price/earnings (P/E), price/book (P/B), and price/sales (P/S).

Recent verified figures (time‑stamped):

As of January 24, 2024, according to AP (via Zacks Investment Research), Old National Bancorp reported fourth‑quarter earnings of $216.6 million and revenue of $1.01 billion. Adjusted earnings per share for that quarter were $0.62, versus an unadjusted EPS of $0.55. For the full year, the company reported profit of $669.3 million, or $1.79 per share, and total revenue of $2.55 billion.

Important note: Dollar values and ratios change each quarter. For current, verifiable financial results for onb stock, consult the company’s most recent 10‑Q and 10‑K filings, investor presentations, and market data providers.

Stock market performance

onb stock’s market behavior is tracked using price history, volatility, trading volume, beta (market correlation), and 52‑week high/low. Third‑party sources such as market data providers and financial portals publish historical charts and summary statistics for onb stock.

Short‑term vs. long‑term behavior: onb stock, like many regional bank equities, can exhibit sensitivity to interest rate expectations, regional economic data, and sector‑specific news (earnings, credit cycles). Short‑term swings may be larger during periods of macroeconomic stress.
52‑week high/low and all‑time high: These metrics are time‑sensitive; check a live market data provider or the NASDAQ quote page for current figures.
Volatility and beta: Investors often compare onb stock’s beta to the broader market or financial sector indices to gauge systematic risk exposure.
Trading volume trends: Average daily volume provides an indication of liquidity. Institutional filings (13F), insider trading disclosures, and block trade reporting can also inform about ownership shifts.

Historical data sources: Macrotrends, Nasdaq, Yahoo Finance, Morningstar and StockAnalysis are commonly used to pull historical prices and volume for onb stock.

Dividends and capital return policy

Dividend policy: Old National has historically declared cash dividends on a quarterly basis, subject to board approval, regulatory guidelines and capital needs. onb stock dividend amounts, ex‑dividend dates, and yield vary over time and should be confirmed on the company’s dividend history page or in financial portals.
Historical behavior: The company’s dividend history and payout ratio (dividends as a share of earnings) are useful for income‑oriented investors assessing onb stock.
Share repurchases: When active, buyback programs are announced in company filings and press releases; such programs affect share count and can be part of capital return strategy.

For the most recent dividend amount, yield and record/ex‑dividend dates for onb stock, consult the company’s investor relations announcements and market data services.

Corporate governance and management

Key governance elements affecting onb stock include the company’s executive leadership, board composition, and governance practices.

Executive officers: Typical roles of interest include the Chief Executive Officer (CEO), Chief Financial Officer (CFO), Chief Operating Officer (COO) and heads of major business lines. These officers’ backgrounds and turnover can influence investor perceptions of execution risk for onb stock.
Board oversight: Board composition, committee structures (audit, risk, compensation), and governance disclosures are found in the company’s proxy statement.
Governance highlights: Compensation policies, shareholder rights, and risk oversight are topics that can materially influence long‑term value for onb stock holders.

Investors should consult the latest proxy statement and corporate governance documents for the most current information.

Major events, news and filings

How major corporate events affect onb stock:

Earnings releases and conference calls: Quarterly results and management commentary often drive short‑term price action for onb stock.
SEC filings (10‑K, 10‑Q, 8‑K): Material events such as acquisitions, changes in auditors, or changes in senior management are disclosed in filings and frequently move onb stock.
Mergers and acquisitions: Closing or integration of large acquisitions can affect balance sheet size, capital needs, loan mix and cost synergies — all relevant to onb stock valuation.
Regulatory actions: Bank regulatory matters are particularly material for bank holding companies and can affect credit cost expectations and capital flexibility for onb stock.

Example (time‑stamped): As of January 24, 2024, the AP report (via Zacks) noted that Old National’s fourth‑quarter results beat consensus EPS estimates while certain revenue metrics missed Street expectations. Such mixed releases typically produce investor debate about margin trends and outlook, and can increase short‑term trading volume in onb stock.

Analyst coverage and market sentiment

Analysts at sell‑side firms and independent research platforms publish coverage and price targets for onb stock. Typical coverage themes include:

Earnings and margin sensitivity to interest rates.
Credit performance and loan portfolio quality.
Synergies and integration outcomes from acquisitions.
Capital return potential (dividends and buybacks).

Consensus ratings (buy/hold/sell mix) and price targets for onb stock change with new data; commonly cited sources include mainstream financial news outlets and analyst platforms. For current consensus, consult regularly updated platforms and read analyst notes carefully for the assumptions behind any valuation.

Risks and sector considerations

Investing in onb stock carries both company‑specific and sector‑wide risks. Key considerations:

Credit risk and underwriting: Deterioration in borrower credit quality or regional economic weakness can raise provisions and loan losses, impacting onb stock.
Deposit stability: Regional banks can face deposit outflows during stress periods; deposit composition (insured vs uninsured) matters to funding resilience for onb stock.
Interest rate environment: Net interest margin and loan repricing dynamics are sensitive to benchmark rates, affecting onb stock earnings.
Regulatory risk: Changes in bank regulatory capital, stress testing expectations, or enforcement actions can materially affect capital plans and dividends for onb stock.
Concentration risk: Geographic or sector concentrations in the loan book can increase vulnerability to localized downturns, which has bearing on onb stock.
Integration risk: Execution risk tied to integrating acquisitions can affect expected cost savings and revenue synergies referenced by management.

These risks are typically discussed in the company’s risk factor disclosures and investor presentations and should be evaluated when researching onb stock.

Trading and investment considerations

Practical information for those researching or trading onb stock:

Where to trade: onb stock is traded on NASDAQ. U.S. equities are commonly accessed through regulated brokerage firms. For crypto and Web3 services related to trading infrastructure, Bitget and the Bitget Wallet are recommended for users seeking integrated crypto services from a single provider, while traditional equities like onb stock are traded via brokerage platforms supporting U.S. listed securities.
Liquidity: Average daily trading volume and bid/ask spreads are observable on market data platforms; these metrics inform execution planning for onb stock trades.
Order types: Investors use market orders for immediate execution and limit orders to control price exposure. For larger orders in onb stock, working with a broker to minimize market impact is common practice.
Time horizon alignment: Short‑term traders focus on news, technical levels and intraday liquidity for onb stock; long‑term investors prioritize fundamentals, credit metrics and dividend sustainability.
Due diligence reminders: Review the latest 10‑Q/10‑K filings, earnings releases, and third‑party research before trading onb stock. Confirm live price and metrics from a reliable market data source.

Important compliance note: This article is educational in nature and not a recommendation to buy or sell onb stock.

Comparable companies and peer group

Analysts typically compare onb stock to other regional banking organizations in the Midwest and broader U.S. regional bank cohort when benchmarking valuation and performance. Peers are chosen based on similarity in asset size, geographic footprint, and business mix. Peer comparisons commonly use metrics such as P/B, ROE, loan growth, and asset quality metrics to contextualize onb stock’s relative positioning.

When analyzing onb stock, peers provide perspective on valuation and operating performance but be mindful of differences in strategy, capital structure and local market exposure.

Regulatory and accounting notes

Regulatory framework:

U.S. bank holding companies are subject to Federal Reserve supervision, capital and liquidity requirements, and periodic supervisory reviews; the bank subsidiary is supervised by applicable federal and state banking regulators.
Regulatory developments (capital rules, stress testing, community reinvestment expectations) can influence capital planning and dividend policy for onb stock.

Accounting items of note for banks:

Allowance for loan and lease losses (ALLL) or credit loss provisions: Key for understanding expected credit costs and future earnings for onb stock.
Accumulated other comprehensive income (AOCI): Unrealized gains/losses on available‑for‑sale securities can affect regulatory capital and reported equity, and thus book value metrics used when valuing onb stock.

For detailed regulatory disclosures and accounting policy details, consult Old National Bancorp’s 10‑K and quarterly 10‑Q filings.

References and data sources

Primary and commonly used sources for onb stock research include:

Old National Bancorp SEC filings (10‑K, 10‑Q, 8‑K) and investor relations releases.
Market data providers and financial portals (examples: Yahoo Finance, Seeking Alpha, Nasdaq, Macrotrends, Morningstar, StockAnalysis) for price history and market statistics on onb stock.
News reports and aggregated research (example cited above: AP story using data from Zacks Investment Research) for timely earnings and event summaries.

All time‑sensitive figures mentioned in this article are clearly time‑stamped. For up‑to‑date numeric details on onb stock, consult those primary sources.

External links

Official Old National Bancorp investor relations page (check the company’s website or SEC filings for authoritative reports and releases).
SEC EDGAR database for filed 10‑K/10‑Q documents.
Major financial data providers for live quotes and historical charts on onb stock.

Editorial note: This overview of onb stock is informational and time‑stamped where specific figures are cited. It is not investment advice. Readers should verify current market data and filings before making trading or investment decisions. For crypto and Web3 wallet needs, consider Bitget Wallet and Bitget’s crypto services as a platform option.

Further exploration: To track onb stock in real time, add it to a watchlist at your market data provider, read the latest 10‑Q or 10‑K, and monitor quarterly earnings calls and investor presentations for updates on strategy and performance.

The content above has been sourced from the internet and generated using AI. For high-quality content, please visit Bitget Academy.