Old National Bancorp

https://www.oldnational.com

Old National Bancorp is a financial holding company providing a comprehensive range of financial services, primarily through its subsidiary, Old National Bank. Founded in 1834, the company is headquartered in Evansville, Indiana. Its mission is "to consistently exceed the expectations of our clients and associates while delivering a superior return to our shareholders."

The company offers diverse products and services, including consumer and commercial banking, lending (commercial, real estate, and consumer loans), and various deposit accounts. Additionally, Old National provides wealth management, trust, investment advisory, brokerage, foreign currency, treasury management, merchant, and capital markets services. It serves individuals, families, and businesses across the Midwest, targeting segments such as small-business owners, mid-market commercial firms, urban tech-savvy millennials, and high-net-worth individuals.

Led by Chairman and CEO James "Jim" C. Ryan, III, Old National Bancorp reported strong first-quarter 2026 results, demonstrating robust loan growth, fee income, and disciplined expenses. The integration of Bremer Bank, acquired in May 2025, is progressing, contributing to its market positioning as one of the largest financial services holding companies headquartered in Indiana and among the top 25-35 banking companies in the U.S. with assets around $54 billion as of late 2025. The company also recently received an "Outstanding" rating under the Community Reinvestment Act.

Latest updates

Old National Highlights $13.6M in Community Grants Amid Regional Expansion

Event summary

  • Old National Bancorp released its 2025 Community Action Report on April 20, 2026.
  • The report details $13.6 million in grants and scholarships distributed to over 2,100 organizations.
  • Team members donated more than 67,000 hours of volunteer time in 2025.
  • Old National Bancorp manages approximately $72 billion in assets and $37 billion in assets under management.
  • The report includes Old National’s 2025 SASB Index, aligning with sustainability reporting standards.

The big picture

Old National's Community Action Report underscores the growing importance of ESG considerations for regional banks. As regulatory pressure and investor demand for sustainable practices increase, banks like Old National are increasingly emphasizing community engagement and transparent reporting to demonstrate their commitment to responsible banking. The bank's focus on underserved communities aligns with broader trends toward financial inclusion and may mitigate reputational risks associated with lending practices.

What we're watching

Community Impact
The sustained level of community investment will be crucial for Old National’s reputation and ability to navigate potential regulatory scrutiny regarding fair lending practices, particularly in underserved markets.
SASB Alignment
The inclusion of the SASB Index signals a commitment to standardized sustainability reporting, and investors will assess whether these disclosures translate to tangible improvements in ESG performance.
Regional Growth
How Old National balances its community-focused initiatives with its broader expansion strategy in the Midwest and Southeast will determine its long-term profitability and market share.

Old National Restructures Commercial Banking Amid Leadership Transition

Event summary

  • Old National Bancorp has appointed Chris Doyle as President of Commercial Banking, replacing retiring CEO Jim Sandgren, who departed April 1, 2026.
  • John C. Thurston has been promoted to President of Corporate Banking, expanding his role within the organization.
  • The bank is reorganizing Commercial Banking leadership to align with client complexity and scale.
  • Joe Wicklander will expand responsibilities to include Foreign Exchange and Fintech/Liquidity solutions.
  • Tim Kocher is transitioning to Chief Service Delivery Officer, focusing on Commercial Banking client service.

The big picture

Old National’s leadership reshuffle signals a strategic effort to bolster its Commercial Banking operations, which represent a significant portion of its $72 billion asset base. The appointment of Doyle, with his experience supporting complex client transactions, suggests a focus on deepening relationships and expanding services. The move also comes as regional banks face increasing pressure to compete with larger institutions and fintech disruptors, necessitating operational efficiency and targeted growth initiatives.

What we're watching

Integration Risk
Doyle’s success will hinge on his ability to quickly integrate into Old National’s culture and strategy, given his recent arrival from a super-regional bank.
Client Retention
The reorganization and leadership changes could impact client relationships, requiring close monitoring of retention rates within Commercial and Corporate Banking segments.
Fintech Adoption
The expansion of Joe Wicklander’s role to include Fintech and Liquidity solutions suggests Old National is accelerating its digital transformation; the pace of adoption and ROI will be key.

Old National Sets Stage for Q1 Earnings Amid Regional Banking Scrutiny

Event summary

  • Old National Bancorp will release its first-quarter earnings on April 22, 2026, at 7:00 AM ET.
  • A conference call to discuss the results is scheduled for April 22, 2026, at 10:00 AM ET.
  • Old National manages approximately $72 billion in assets and $37 billion in assets under management.
  • The bank serves clients primarily in the Midwest and Southeast, ranking as the sixth-largest commercial bank headquartered in the Midwest.

The big picture

Old National's upcoming earnings release arrives amidst ongoing scrutiny of regional banks and their exposure to interest rate risk and potential economic downturns. The bank's size and geographic focus position it as a bellwether for the broader Midwest and Southeast banking landscapes. Its $37 billion in AUM also makes it a key player in wealth management services, a sector facing its own challenges.

What we're watching

Profitability
How net interest margin performance will be discussed, given the current interest rate environment and its impact on regional banks.
Credit Quality
Whether the bank will acknowledge any increased vigilance regarding loan portfolios, particularly in light of broader economic uncertainties.
Community Focus
The extent to which Old National will highlight its community involvement, given its 'Civic 50' recognition and potential investor interest in ESG factors.

Old National Bank Scores Top CRA Rating Amid Regulatory Scrutiny

Event summary

  • Old National Bank received an ‘Outstanding’ rating under the Community Reinvestment Act (CRA), the highest possible rating, assessed between 2022 and 2024.
  • The bank deployed approximately $2.4 billion in CRA-eligible community development loans during the evaluation period.
  • The CRA evaluation highlighted ‘Outstanding’ ratings for Lending and Investment tests across multiple regions, and ‘High Satisfactory’ for Services.
  • Old National Bancorp has approximately $72 billion in assets and $37 billion in assets under management, ranking among the top 25 banking companies in the U.S.

The big picture

The ‘Outstanding’ CRA rating provides Old National with a positive public image and potentially mitigates regulatory risk, but the CRA's impending overhaul means this achievement is a snapshot in time. The rating underscores the growing importance of ESG factors and community engagement for regional banks, particularly as larger institutions face increased regulatory pressure and public scrutiny. This rating also highlights the bank’s commitment to serving underserved communities, a strategy that can build goodwill and customer loyalty, but also carries inherent operational and reputational risks.

What we're watching

Regulatory Headwinds
The CRA is undergoing significant regulatory reform, and Old National’s future ratings will be benchmarked against a stricter framework, potentially impacting capital allocation decisions.
Execution Risk
Maintaining this ‘Outstanding’ rating will require sustained investment in community development initiatives, which could pressure margins if economic conditions deteriorate.
Governance Dynamics
Increased scrutiny of CRA performance may lead to greater board-level oversight of community development activities and a potential shift in executive compensation tied to CRA metrics.

Old National to Detail Strategy at RBC Financial Institutions Conference

Event summary

  • Old National Bancorp CEO Jim Ryan will present at the RBC Capital Markets Financial Institutions Conference on March 10, 2026.
  • The presentation will be webcast live and a replay will be available on Old National's investor relations website.
  • Old National Bancorp manages $72 billion in assets and $37 billion in assets under management.
  • The bank ranks as the sixth largest commercial bank headquartered in the Midwest.

The big picture

Old National's participation in the RBC conference signals a desire to communicate its strategy to investors, particularly given its position as a regional bank navigating a competitive landscape. The bank's size and geographic focus mean it's particularly vulnerable to economic shifts in the Midwest and Southeast. The conference presentation offers a chance to address investor concerns about growth and profitability in a challenging environment.

What we're watching

Growth Strategy
How Old National intends to leverage its regional strength and capital markets services to sustain AUM growth in a potentially slowing economy warrants close observation.
Community Focus
The bank's commitment to community engagement, as evidenced by the 'Civic 50' recognition, may influence its lending practices and regulatory scrutiny, impacting profitability.
Interest Rate
The presentation should clarify how Old National is positioning itself to navigate potential interest rate volatility and its impact on net interest margin.

Old National Boosts Dividend, Doubles Share Buyback Program

Event summary

  • Old National Bancorp increased its quarterly common stock dividend by 3.6% to $0.145 per share, payable March 16, 2026.
  • The company declared a quarterly dividend of $17.50 per share on its 7.0% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series A and Series C.
  • Old National authorized a $400 million share repurchase program, doubling the previous $200 million program which expires February 28, 2026.
  • The repurchase program will remain in effect until February 28, 2027.

The big picture

Old National's actions signal confidence in its financial health and a commitment to returning capital to shareholders. The increased dividend and expanded buyback program are typical responses to a stable economic environment and a desire to boost investor appeal. With $72 billion in assets, Old National's capital deployment decisions have implications for regional banking dynamics and investor sentiment.

What we're watching

Capital Discipline
The doubling of the share repurchase program suggests Old National believes its stock is undervalued, but the sustainability of this program hinges on maintaining profitability and managing potential credit risks in the Midwest and Southeast regions.
Interest Rate Sensitivity
The dividend increase, while positive for shareholders, could become a burden if interest rates rise significantly, potentially impacting Old National's net interest margin and overall profitability.
Regional Exposure
Old National’s focus on the Midwest and Southeast makes it susceptible to regional economic downturns; the effectiveness of capital returns will be tied to the health of these economies.

Old National Bank Modernizes SWIFT Architecture for ISO 20022 Readiness

Event summary

  • Old National Bank partnered with Axletree Solutions to implement Symmetree, a centralized integration layer for its SWIFT architecture.
  • The partnership aims to achieve ISO 20022 compliance by 2026, a mandatory shift in financial messaging standards.
  • Old National Bancorp manages approximately $72 billion in assets and $37 billion in assets under management.
  • Axletree Solutions processes over $100 billion USD daily in financial transactions.

The big picture

The shift to ISO 20022 represents a significant overhaul of global financial messaging, driven by a need for greater efficiency, security, and interoperability. Old National's proactive adoption of this standard, through its partnership with Axletree, positions it to capitalize on the opportunities presented by this transition, but also exposes it to the risks associated with complex technology implementations. This move underscores the increasing importance of specialized fintech partners for traditional banks seeking to modernize their infrastructure and remain competitive in the evolving financial landscape.

What we're watching

Execution Risk
The successful integration of Symmetree and full ISO 20022 compliance by 2026 will be critical; delays or complications could impact Old National’s international competitiveness.
Competitive Landscape
How Old National’s enhanced Treasury Management offerings, enabled by Axletree, will affect its ability to retain and attract large corporate clients in a competitive international payments market remains to be seen.
Integration Impact
The full financial impact of the Bremer Bank integration, facilitated by Axletree, warrants monitoring to assess the overall synergy and return on investment from the partnership.

Old National Appoints CRO to Drive Sales Process Standardization

Event summary

  • Old National Bancorp has created the role of Chief Revenue Enablement Officer (CRO).
  • Joe Chasteen was appointed to this new position, bringing over 27 years of experience in business banking and enterprise leadership.
  • The CRO will focus on establishing disciplined sales processes, leveraging CRM tools, and improving sales enablement.
  • Chasteen will report directly to Old National President & COO Tim Burke and is based in Troy, Michigan.
  • Old National Bancorp has $72 billion in assets and $37 billion in assets under management.

The big picture

Old National's creation of a Chief Revenue Enablement Officer signals a strategic shift towards formalizing and optimizing its sales processes, a common response to increased competition and the need for greater operational efficiency in the financial services sector. This move suggests a recognition that organic growth requires more than just product offerings; it demands a structured and data-driven approach to sales execution. The appointment also reflects a broader trend among regional banks to invest in specialized leadership roles to drive targeted growth initiatives.

What we're watching

Execution Risk
The success of this initiative hinges on Chasteen’s ability to implement standardized processes across Old National’s diverse regional operations, which could face internal resistance or logistical challenges.
CRM Integration
The effectiveness of the CRO’s efforts will be directly tied to the successful integration and utilization of CRM tools, requiring investment and employee training to maximize impact.
Growth Impact
The extent to which this new role translates into measurable organic revenue growth will be a key indicator of the strategy's value and potential for broader adoption within the organization.

Old National Wins Award for Dispute Resolution, Highlighting AI-Driven Trend

Event summary

  • Old National Bancorp received the “Customer Confidence Award” from Quavo as part of its 2026 Trust in Banking Awards.
  • The award recognizes Old National’s high satisfaction rate in client dispute resolution management.
  • Quavo is an agentic AI disputes technology partner and strategic advisor to financial institutions.
  • Old National Bancorp manages approximately $72 billion in assets and $37 billion in assets under management.

The big picture

The recognition from Quavo highlights a broader trend in the financial services industry: leveraging AI and automation to improve customer experience and reduce operational costs in dispute resolution. This award signals that efficient and transparent dispute handling is becoming a critical competitive advantage, particularly as regulatory scrutiny around fair banking practices intensifies. Old National's focus on this area could positively impact client retention and brand reputation within its Midwest and Southeast footprint.

What we're watching

AI Integration
The award underscores the growing reliance on AI-powered solutions for dispute resolution within the banking sector, and Old National's success will be a benchmark for peers.
Operational Efficiency
Whether Old National can sustain this level of customer satisfaction while scaling its AI-driven dispute resolution processes will be a key indicator of long-term success.
Competitive Landscape
The increasing focus on dispute resolution as a differentiator will likely intensify competition among regional banks, pushing for similar investments in technology and process improvements.

Old National Sets Stage for Q4 2025 Earnings Amidst Regional Banking Scrutiny

Event summary

  • Old National Bancorp will release its fourth-quarter and full-year 2025 earnings on January 21, 2026, at 7:00 AM ET.
  • A conference call to discuss the results is scheduled for January 21, 2026, at 10:00 AM ET.
  • Old National manages approximately $71 billion in assets and $38 billion in assets under management.
  • The bank is the sixth-largest commercial bank headquartered in the Midwest, serving clients primarily in the Midwest and Southeast.

The big picture

Old National's earnings release arrives amidst ongoing scrutiny of regional banks, particularly concerning deposit stability and interest rate sensitivity. The bank's size and geographic focus position it within a competitive landscape where maintaining customer relationships and demonstrating community value are increasingly important. The release will provide insight into how Old National is navigating these challenges and positioning itself for future growth.

What we're watching

Profitability Pressures
How net interest margin performance will be discussed, given the broader industry trend of declining rates and its impact on regional bank profitability.
Deposit Trends
Whether Old National can sustain its deposit base, particularly in light of increased competition from online banks and potential shifts in customer behavior.
Community Focus
The extent to which Old National’s stated commitment to community involvement and its “Civic 50” recognition will influence strategic decisions and potentially impact shareholder returns.
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