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Old National Bank

Logo: Public domain, via Wikimedia Commons4

American Regional Bank

Old National Bank is an American regional bank with nearly 200 retail branches operated by Old National Bancorp and based in Chicago and Evansville, Indiana. With assets at $48.5 billion and 250 banking centers, Old National Bancorp is the largest financial services bank holding company headquartered in Indiana and one of the top 30 banking companies in the U.S. Old National Bank has locations in Illinois, Indiana, Iowa, Kentucky, Michigan, Minnesota, North Dakota, Tennessee, and Wisconsin.3 From Wikipedia, CC BY-SA 4.0

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Last updated Oct 18, 2026.

Overview

1834Founded1

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  • TickerONB on Nasdaq1
  • Industryfinance1
  • HeadquartersChicago1
  • Websitewww.oldnational.com
  • Legal formnational bank1
  • Incorporated inIN5
  • Business address1 Main St, Evansville, In 477085
  • Filer categoryLarge accelerated filer5
Onb headquarters
Photo: CC BY-SA 3.0, via Wikimedia Commons7

Old National Bank is an American regional bank with nearly 200 retail branches operated by Old National Bancorp and based in Chicago and Evansville, Indiana. With assets at $48.5 billion and 250 banking centers, Old National Bancorp is the largest financial services bank holding company headquartered in Indiana and one of the top 30 banking companies in the U.S. Old National Bank has locations in Illinois, Indiana, Iowa, Kentucky, Michigan, Minnesota, North Dakota, Tennessee, and Wisconsin.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2021

220.9%Net margin8
6.1%Revenue growth, 20219
9.2%Return on equity10
$281.7MFree cash flow8

Where the money goes

Where each dollar of revenue went, fiscal 2021

  • Interest11¢$42.2M
  • Income tax16¢$61.3M
  • Profit73¢$277.5M

Out of $125.6M in revenue.98

Where each dollar of operating cash went, fiscal 2021

  • Capital spending15¢$48.7M
  • Dividends paid28¢$92.8M
  • Share buybacks1¢$3.7M
  • Kept or used elsewhere56¢$185.1M

Out of $330.4M of cash from operations.811

Financial statements

Revenue9$125.6M in 2021−4% since 2019
0$50.0M$100.0M$150.0M2019: $130.8M$130.8M20192020: $118.4M$118.4M2020−9%2021: $125.6M$125.6M2021+6%
Net income9118$277.5M in 2021+17% since 2019
0$100.0M$200.0M$300.0M2019: $238.2M$238.2M20192020: $226.4M$226.4M2020−5%2021: $277.5M$277.5M2021+23%

Every line of the income statement as filed: the last 3 fiscal years, latest first.15

Period ending2025-12-312024-12-312023-12-31
Taxable$2.6B$2.1B$1.8B
Nontaxable$67.4M$50.5M$44.7M
Taxable$492.9M$323.7M$263.2M
Nontaxable$40.2M$42.2M$43.9M
Money market and other interest-earning investments$48.2M$45.8M$39.7M
Total interest income$3.3B$2.6B$2.2B
Deposits$953.2M$846.3M$484.4M
Federal funds purchased and interbank borrowings$4.4M$3.3M$11.4M
Securities sold under agreements to repurchase$2.6M$2.8M$3.3M
Federal Home Loan Bank advances$214.9M$177.3M$161.9M
Other borrowings$36.9M$41.3M$42.7M
Total interest expense$1.2B$1.1B$703.7M
Net interest income$2.1B$1.5B$1.5B
Provision for credit losses$197.7M$110.6M$58.9M
Net interest income after provision for credit losses$1.9B$1.4B$1.4B
Wealth and investment services fees$144.2M$116.8M$107.8M
Service charges on deposit accounts$100.4M$78.2M$71.9M
Debit card and ATM fees$49.3M$43.4M$42.2M
Mortgage banking revenue$38.4M$26.2M$16.3M
Capital markets income$37.3M$20.3M$24.4M
Company-owned life insurance$26.7M$21.0M$15.4M
Debt securities gains (losses), net-$37.0K-$212.0K-$6.3M
Gain on sale of Visa Class B restricted shares$0$0$21.6M
Other income$70.3M$49.0M$40.0M
Total noninterest income$466.5M$354.7M$333.3M
Salaries and employee benefits$749.0M$603.1M$546.4M
Occupancy$129.2M$110.4M$106.7M
Equipment$48.4M$36.6M$32.2M
Marketing$55.2M$45.6M$39.5M
Technology$120.5M$88.8M$80.3M
Communication$23.6M$17.3M$17.0M
Professional fees$61.9M$35.3M$27.3M
FDIC assessment$48.4M$44.7M$56.7M
Amortization of intangibles$78.7M$27.5M$24.2M
Amortization of tax credit investments$26.1M$13.3M$15.4M
Other expense$144.4M$71.7M$80.7M
Total noninterest expense$1.5B$1.1B$1.0B
Income before income taxes$841.4M$680.4M$751.3M
Income tax expense$172.1M$141.2M$169.3M
Net income$669.3M$539.2M$582.0M
Preferred dividends-$16.1M-$16.1M-$16.1M
Net income applicable to common shareholders$653.1M$523.1M$565.9M
Net income per common share - basic (in dollars per share)$1.80$1.69$1.95
Net income per common share - diluted (in dollars per share)$1.79$1.68$1.94
Weighted average number of common shares outstanding - basic (in shares)363.5M shares309.5M shares290.7M shares
Weighted average number of common shares outstanding - diluted (in shares)365.5M shares311.0M shares291.9M shares
Dividends per common share (in dollars per share)$0.56$0.56$0.56

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The story

The bank was founded in 1834.

In November 1995, Old National acquired the Greencastle-based First United Savings Bank for $18 million in stock. In the following year, Old National acquired the Bloomington-based Workingmens Capital Holdings with its Workingmens Federal Savings Bank subsidiary for an undisclosed amount in stock.

In 2009, Charter One's Indiana bank branches became Old National Bank after Old National Bank bought Charter One's Indiana operations. In January 2011, Old National acquired Bloomington-based Monroe Bancorp with its Monroe Bank subsidiary for $90 million in stock. Later that year, Integra Bank was closed by the Federal Deposit Insurance Corporation and all deposit accounts, excluding certain brokered deposits, were transferred to Old National. In 2012, Old National acquired 24 retail bank branches of Bank of America in Indiana and Michigan. In 2014, Old National acquired four banks: Tower Bank in Fort Wayne, Indiana, United Bank in Ann Arbor, Michigan, Lafayette Savings Bank in Lafayette, Indiana, and Founders Bank & Trust in Grand Rapids, Michigan.

In May 2016, AnchorBank, the third-largest bank based in Wisconsin, was bought by Old National for approximately $461 million.

In August 2017, Old National agreed to buy Anchor Bank of Minnesota for $303 million. The acquisition will add 17 locations in the Twin Cities and 1 in Mankato plus $1.7 billion in deposits and $2.1 billion in assets. In June 2018, KleinBank, based in Chaska, Minnesota, announced its 21 locations were being acquired by Old National, increasing Old National's presence in the western suburbs of Minneapolis.

In 2021, Old National merged with First Midwest Bancorp, combining the companies' assets, retaining the Old National name, and maintaining headquarters in Chicago and Evansville.

On April 10, 2023, a mass shooting at the Louisville, Kentucky branch resulted in five fatalities (all employees) and eight other injured people, including a rookie police officer. The injured officer's partner subsequently killed the perpetrator, who was a current bank employee.

In 2024, it was announced that CapStar Financial Holdings Inc. merged its operations with those of the bank. As a result, CapStar Bank became a division of Old National Bank.

Read the full text

On November 25, 2024, Old National announced its purchase of Minnesota-based Bremer Bank in a $1.4 billion sale which was finalized in October, 2025. The merger created a combined bank worth $70 billion.

From Wikipedia’s article on Old National Bank, shared under CC BY-SA 4.0.6

Leadership

Who has led Old National Bank, and when. Pick a name to see everywhere that person has worked.

Board members and other officers (54)

Products and brands

  • financial services

Listed on Wikidata.1

The company offers retail banking (checking accounts, savings accounts and certificates of deposit, consumer loans including home mortgages, and small business banking & lending), business or commercial banking (checking accounts, savings accounts & CDs, commercial loans and lines of credit, credit cards, capital markets, treasury management, and merchant services), and wealth management, investment, trust and retirement products and services.

From Wikipedia’s article on Old National Bank, shared under CC BY-SA 4.0.6

Former names

  • OLD NATIONAL TRUST COSep 1, 1995 to Sep 1, 19955
  • OLD NATIONAL BANCORPAug 14, 1995 to Aug 4, 19955

Timeline

  1. Jun 23, 2023Parent Directly consolidated by OLD NATIONAL BANCORP85
  2. Mar 1, 2023New chief executive Brent R. Tischler becomes CEO17
  3. Feb 24, 2022New chief executive Chady M. Alahmar becomes CEO19
  4. Feb 22, 2022New chief executive James A. Sandgren becomes CEO18
  5. Feb 3, 2020New chief executive Todd C. Clark becomes CEO20
  6. Jan 10, 2006New chief executive Annette W. Hudgions becomes CEO21
  7. Jan 10, 2006New chief executive Robert G. Jones becomes CEO22
  8. 1834Founded Founded1

Filings

794 filings to the SEC since October 2021: 6 annual reports, 15 quarterly reports, 95 major events, 539 insider forms, 26 large holders, 113 other. The latest 20:

  1. Oct 13, 20264 PRIMARY DOCUMENT EDGAR
  2. Oct 13, 20264 PRIMARY DOCUMENT EDGAR
  3. Oct 13, 20264 PRIMARY DOCUMENT EDGAR
  4. Oct 6, 20264 PRIMARY DOCUMENT EDGAR
  5. Sep 3, 20264 PRIMARY DOCUMENT EDGAR
  6. Aug 24, 20263 PRIMARY DOCUMENT EDGAR
  7. Aug 24, 20263 PRIMARY DOCUMENT EDGAR
  8. Aug 19, 2026N-PX/A EDGAR
  9. Aug 12, 20268-K EDGAR
  10. Aug 5, 20268-K EDGAR
  11. Aug 4, 20264 PRIMARY DOCUMENT EDGAR
  12. Aug 3, 2026N-PX EDGAR
  13. Jul 31, 20264 PRIMARY DOCUMENT EDGAR
  14. Jul 30, 2026144 EDGAR
  15. Jul 29, 20264 PRIMARY DOCUMENT EDGAR
  16. Jul 29, 202610-Q EDGAR
  17. Jul 28, 2026144 EDGAR
  18. Jul 22, 20268-K EDGAR
  19. Jul 15, 202613F-HR EDGAR
  20. Jul 8, 20264 PRIMARY DOCUMENT EDGAR

The 794 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last three years, summarized. The full record is on SEC EDGAR.

Insider trades and holders

Large holders

Investors who own more than 5% must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively. 26 such filings since October 2021, the latest 10:

  1. Mar 27, 2026SCHEDULE 13G/A
  2. Mar 2, 2026SCHEDULE 13D/A
  3. Feb 5, 2026SCHEDULE 13G/A
  4. Aug 14, 2025SCHEDULE 13G/A
  5. Aug 11, 2025SCHEDULE 13G
  6. Jul 29, 2025SCHEDULE 13G/A
  7. Jul 15, 2025SCHEDULE 13G/A
  8. May 13, 2025SCHEDULE 13G
  9. May 12, 2025SCHEDULE 13G
  10. May 7, 2025SCHEDULE 13D

From Forms 4 and Schedules 13D and 13G filed with the SEC.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
BlackRock, Inc.46,942,833$1.2B0.0%+2,145,036
Fmr LLC34,734,848$899.6M0.0%−296,753
Vanguard Portfolio Management LLC18,321,533$474.5M0.0%+121,249
Dimensional Fund Advisors LP18,221,545$471.9M0.1%+338,895
State Street Corp16,321,089$422.7M0.0%+571,673
Vanguard Capital Management LLC15,642,203$405.1M0.0%−33,904
Fuller & Thaler Asset Management, Inc.13,815,469$357.8M1.0%−1,240,449
Geode Capital Management, LLC10,031,301$259.9M0.0%+446,474
Nomura Asset Management International Inc.7,695,373$199.3M0.3%−1,915,864
Morgan Stanley6,950,155$180.0M0.0%−722,449
First Trust Advisors LP6,875,752$178.1M0.1%+475,961
American Century Companies Inc5,675,030$147.0M0.1%−1,091,938
Manufacturers Life Insurance Company, The5,197,295$134.6M0.1%−262,899
Charles Schwab Investment Management Inc4,882,814$126.5M0.0%−14,472
Northern Trust Corp4,420,631$114.5M0.0%+146,504
Victory Capital Management Inc4,371,246$113.2M0.1%−495,710
Principal Financial Group Inc3,951,709$102.3M0.1%+1,719,393
Bank Of America Corp /de/3,872,627$100.3M0.0%−356,418
William Blair Investment Management, LLC3,833,314$99.3M0.3%−61,484
Fisher Asset Management, LLC3,644,217$94.4M0.0%−69,344
Bank of New York Mellon Corp3,483,614$90.2M0.0%−28,732
Channing Capital Management, LLC3,464,700$89.7M2.1%New
Norges Bank3,316,277$85.9M0.0%New
Nuveen, LLC2,970,553$76.9M0.0%+1,018,122
Goldman Sachs Group Inc2,904,085$75.2M0.0%−1,824,403

13F reports cover disclosed long positions in U.S. stocks only.

Sources

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