Last $14.26 USD
Change Today -0.02 / -0.14%
Volume 77.7K
ONB On Other Exchanges
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As of 10:53 AM 04/21/14 All times are local (Market data is delayed by at least 15 minutes).

old national bancorp (ONB) Snapshot

Open
$14.34
Previous Close
$14.28
Day High
$14.45
Day Low
$14.24
52 Week High
11/29/13 - $15.80
52 Week Low
05/1/13 - $11.68
Market Cap
1.4B
Average Volume 10 Days
575.4K
EPS TTM
$1.06
Shares Outstanding
100.1M
EX-Date
02/27/14
P/E TM
13.5x
Dividend
$0.44
Dividend Yield
2.87%
Current Stock Chart for OLD NATIONAL BANCORP (ONB)

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old national bancorp (ONB) Details

Old National Bancorp operates as the holding company for Old National Bank, which provides various financial services to individual and commercial customers in the United States. It operates in three segments: Banking, Insurance, and Wealth Management. The Banking segment offer deposit accounts that include products, such as noninterest-bearing demand, negotiable order of withdrawal, savings and money market, and time deposits; and originates loans comprising home equity lines of credit, residential real estate loans, consumer loans, commercial loans, commercial real estate loans, letters of credit, and lease financing. This segment also offers debit and ATM cards, telephone access, and online banking, as well as other electronic and mobile banking services; and merchant cash management and other services relating to the general banking business; and reinsures credit life insurance, as well as property and casualty insurance. The Insurance segment provides insurance brokerage services, including commercial property and casualty, surety, loss control services, employee benefits consulting and administration, and personal insurance. The Wealth Management segment offers private banking, trust services, and investment advisory services focusing on high-net-worth individuals and families. As of December 31, 2013, it operated a total of 169 banking financial centers located primarily in Indiana, southeast Illinois, western Kentucky, and southwest Michigan. The company was founded in 1834 and is headquartered in Evansville, Indiana.

2,608 Employees
Last Reported Date: 02/25/14
Founded in 1834

old national bancorp (ONB) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $650.0K
Chief Financial Officer and Senior Executive ...
Total Annual Compensation: $342.1K
Chief Banking Officer and Senior Executive Vi...
Total Annual Compensation: $378.9K
Chief Credit Officer and Executive Vice Presi...
Total Annual Compensation: $299.1K
Chief Legal Counsel, Executive Vice President...
Total Annual Compensation: $296.8K
Compensation as of Fiscal Year 2013.

old national bancorp (ONB) Key Developments

Old National to Cut 41 Jobs Local Positions at Former Tower Eliminated in Takeover

Old National Bancorp announced that the company will eliminate 41 Fort Wayne jobs - or 25% of the workforce - as it acquires Tower Financial Corp. Tower locations are scheduled to convert to Old National branches the weekend of April 26, 2014. Evansville's Old National informed most of the affected workers in mid-December that their positions will be eliminated beginning May 16. After the job cuts, Old National's local workforce will consist of 84 in the banking operation, which includes wealth and brokerage services, and 70 in insurance. The positions include technical support and operations specialists. She declined to release salary ranges but said 56% of the jobs are hourly and 44% salaried.

Old National Announces Executive Changes, Effective from June 06, 2014

Old National Bancorp announced changes to the company's leadership structure. These changes were prompted by the decision of Chief Banking Officer Barbara Murphy to retire from Old National on June 6, 2014. The organizational changes will take effect June 6, 2014 were Jim Sandgren, currently Old National's Southern Region CEO, will succeed Murphy as Chief Banking Officer. Julie Williams Daugherty, Old National's current Chief Marketing Officer and Merger Integrations Director, has been promoted to Chief Administrative Officer. She will continue to lead the company's Marketing efforts while assuming responsibility for Operations, Retail Administration and Client Services.

Old National Bancorp. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2013; Records Net Charge-Offs for the Fourth Quarter of 2013

Old National Bancorp. reported earnings results for the fourth quarter and full year ended December 31, 2013. For the quarter, the company’s net interest income was $81,187,000 compared to $84,361,000 for the same period of last year. Total revenue was $129,990,000 compared to $139,180,000 for the same period of last year. Income before Taxes was $39,510,000 compared to $37,574,000 for the same period of last year. Net income was $24,549,000 compared to $23,009,000 for the same period of last year. Net income per diluted common share was $0.25 compared to $0.23 for the same period of last year. Return on average assets was 1.02% compared to 0.98% reported a year ago. Return on average common equity was 8.40% compared to 7.73% reported a year ago. For the year, the company’s net interest income was $317,424,000 compared to $308,757,000 for the same period of last year. Total revenue was $519,058,000 compared to $511,761,000 for the same period of last year. Income before taxes was $159,393,000 compared to $140,973,000 for the same period of last year. Net income was $100,920,000 compared to $91,675,000 for the same period of last year. Net income per share was $1.0 compared to $0.95 for the same period of last year. Return on average assets was 1.05% compared to 1.04% reported a year ago. Return on average common equity was 8.54% compared to 8.34% reported a year ago. The company’s net charge-offs for the fourth quarter of 2013 were $1.9 million compared to $0.3 million reported in the third quarter of 2013 and $3.2 million reported in the fourth quarter of 2012.

 

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Industry Analysis

ONB

Industry Average

Valuation ONB Industry Range
Price/Earnings 14.3x
Price/Sales 2.9x
Price/Book 1.2x
Price/Cash Flow 14.2x
TEV/Sales 0.4x
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