ONB Old National Bancorp
Old National Bancorp is financial holding company, which engages in the provision of financial and banking solutions. The Community Banking segment provides a range of services products and services as commercial, real estate and consumer loans, time deposits, checking and savings accounts, cash management, brokerage, trust, and investment advisory services. The company was founded in 1982 and is headquartered in Evansville, IN.
Company profile
Ticker
ONB
Exchange
Website
CEO
James C. Ryan
Employees
Incorporated in
Location
Fiscal year end
Sector
Industry (SEC)
Former names
Old National Bancorp, Old National Trust Co
SEC CIK
Corporate docs
IRS number
351539838
ONB stock data
()
Investment data
| Top 50 of 485 long holdings End of quarter 31 Mar 20 |
Value |
#Shares |
Prev Q |
Change %, QoQ |
|---|---|---|---|---|
| $92.81M | 669.06K | 674.85K | -0.9 | |
| $62.3M | 263.06K | 242.59K | +8.4 | |
| $49.2M | 612.21K | 631.34K | -3.0 | |
| $41.4M | 262.53K | 254.87K | +3.0 | |
| $35.64M | 137.93K | 132.62K | +4.0 | |
| $31.53M | 123.99K | 126.03K | -1.6 | |
| $28.95M | 326.81K | 343.36K | -4.8 | |
| $27.61M | 772.57K | 714.36K | +8.1 | |
| $27.59M | 14.15K | 13.75K | +2.9 | |
| $26.1M | 22.46K | 22.62K | -0.7 | |
| $22.73M | 141.08K | 155.6K | -9.3 | |
| $22.41M | 1.7M | 1.72M | -1.2 | |
| $21.05M | 214.59K | 225.44K | -4.8 | |
| $20.8M | 999.16K | 1.04M | -4.3 | |
| $18.89M | 209.8K | 206.44K | +1.6 | |
| $18.24M | 412.2K | 418.46K | -1.5 | |
| $18.22M | 704.93K | 620.74K | +13.6 | |
| $17.99M | 63.45K | 63.99K | -0.9 | |
|
Vanguard Tax-managed Intl FD
|
$16.72M | 501.49K | 516.56K | -2.9 |
|
SPDR S&P 500 Etf TR
|
$16.17M | 62.73K | 66.15K | -5.2 |
| $16.06M | 85.99K | 86.03K | -0.0 | |
| $16.04M | 56.24K | 55.48K | +1.4 | |
| $15.29M | 110.5K | 110.83K | -0.3 | |
| $15.21M | 138.24K | 184.94K | -25.3 | |
| $15.19M | 278.9K | 293.03K | -4.8 | |
| $15.15M | 256.78K | 265.81K | -3.4 | |
| $13.94M | 251.61K | 268.99K | -6.5 | |
| $13.48M | 282.01K | 287.57K | -1.9 | |
| $13.26M | 41.67K | 42.08K | -1.0 | |
| $13.26M | 92.22K | 88.01K | +4.8 | |
| $12.96M | 68.7K | 69.19K | -0.7 | |
| $12.76M | 97.34K | 90.72K | +7.3 | |
| $12.46M | 209.98K | 214.33K | -2.0 | |
| $12.11M | 183.44K | 183.44K | 0 | |
| $11.85M | 47.51K | 43.45K | +9.3 | |
| $11.75M | 70.58K | 71.3K | -1.0 | |
| $10.65M | 342.12K | 336.75K | +1.6 | |
| $10.61M | 89.41K | 92.61K | -3.5 | |
| $10.44M | 72.48K | 72.66K | -0.3 | |
| $10.12M | 33.44K | 35.82K | -6.6 | |
| $10M | 138.06K | 142.82K | -3.3 | |
| $9.99M | 73.82K | 70.1K | +5.3 | |
| $9.8M | 86.29K | 84.21K | +2.5 | |
| $9.78M | 138.57K | 140.31K | -1.2 | |
| $9.39M | 56.9K | 57.9K | -1.7 | |
| $9.02M | 54.05K | 54.86K | -1.5 | |
| $8.73M | 132.82K | 132.85K | -0.0 | |
| $8.41M | 156.45K | 148.73K | +5.2 | |
| $8.34M | 113K | 103.44K | +9.2 | |
| $8.14M | 263.87K | 261.77K | +0.8 |
Holdings list only includes long positions.
Only includes long positions.
Calendar
29 Apr 20
12 Jul 20
31 Dec 20
News
Company financial data Financial data
| Quarter (USD) | Mar 20 | Dec 19 | Sep 19 | Jun 19 | |
|---|---|---|---|---|---|
| Revenue | 31.01M | 32.6M | 32.9M | 33.81M | |
| Net income | 22.64M | 49.19M | 69.78M | 62.96M | |
| Diluted EPS | |||||
| Net profit margin | 73.02% | 151% | 212% | 186% | |
| Net change in cash | 66.84M | -143.91M | 119.26M | -22.13M | |
| Cash on hand | 343.18M | 276.34M | 420.25M | 300.99M |
| Annual (USD) | Dec 19 | Dec 18 | Dec 17 | Dec 16 | |
|---|---|---|---|---|---|
| Revenue | 130.8M | 127.36M | 122.42M | 137.29M | |
| Net income | 238.21M | 190.83M | 95.73M | 134.26M | |
| Net profit margin | 182% | 150% | 78.20% | 97.80% | |
| Net change in cash | -40.83M | 26.73M | 34.91M | 35.7M | |
| Cash on hand | 276.34M | 317.17M | 290.43M | 255.52M |
Financial data from company earnings reports
Recent insider trades
| Date | Owner | Security | Transaction | Code | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|
| 2 Jul 20 | White Linda Elaine | PHANTOM STOCK COMMON STOCK | Buy | Aquire P | No | 13.14 | 1,379 | 18.12K | 78,031 |
| 2 Jul 20 | Kitchell Ryan C | PHANTOM STOCK COMMON STOCK | Buy | Aquire P | No | 13.14 | 1,475 | 19.38K | 14,289 |
| 2 Jul 20 | Salmon Tom | PHANTOM STOCK COMMON STOCK | Buy | Aquire P | No | 13.14 | 509 | 6.69K | 9,574 |
| 26 Jun 20 | Sandgren James A | PHANTOM STOCK COMMON STOCK | Buy | Aquire P | No | 12.86 | 82 | 1.05K | 5,669 |
| 26 Jun 20 | Knight Jeffrey L | PHANTOM STOCK COMMON STOCK | Buy | Aquire P | No | 12.86 | 60 | 771.6 | 903 |
| 15 Jun 20 | Knight Jeffrey L | COMMON STOCK | Other | Aquire J | No | 13.7034 | 1 | 13.7 | 115 |
| 15 Jun 20 | Knight Jeffrey L | COMMON STOCK | Other | Aquire J | No | 13.7034 | 1 | 13.7 | 124 |
| 15 Jun 20 | Knight Jeffrey L | PHANTOM STOCK COMMON STOCK | Other | Aquire J | No | 13.7 | 9 | 123.3 | 843 |
| 15 Jun 20 | Sandgren James A | COMMON STOCK | Other | Aquire J | No | 13.3365 | 25 | 333.41 | 2,437 |
| 15 Jun 20 | Sandgren James A | COMMON STOCK | Other | Aquire J | No | 13.7034 | 868 | 11.89K | 169,207 |
Institutional ownership Q1 2020
67.0% owned by funds/institutions
13F holders |
Current |
|---|---|
| Total holders | 232 |
| Opened positions | 37 |
| Closed positions | 41 |
| Increased positions | 75 |
| Reduced positions | 72 |
13F shares |
Current |
|---|---|
| Total value | 6.01B |
| Total shares | 113.28M |
| Total puts | 170.5K |
| Total calls | 3.57M |
| Total put/call ratio | 0.0 |
Largest owners |
Shares | Value |
|---|---|---|
| BLK BlackRock | 24.65M | $325.12M |
| Vanguard | 18.71M | $246.83M |
| Dimensional Fund Advisors | 12.29M | $162.07M |
| STT State Street | 6.91M | $91.09M |
| BK Bank Of New York Mellon | 3.43M | $45.18M |
| Mairs & Power | 3.31M | $43.68M |
| MCQEF Macquarie | 3.31M | $43.6M |
| NTRS Northern Trust | 3.18M | $41.96M |
| Geode Capital Management | 2.5M | $32.94M |
| ONB Old National Bancorp | 1.7M | $22.41M |
Financial report summary
?Risks
- The recent outbreak of the novel coronavirus ("COVID-19"), or other such epidemic, pandemic, or outbreak of a highly contagious disease, occurring in the United States or in the geographies in which we conduct operations could adversely affect Old National’s business operations, asset valuations, financial condition, and results of operations.
- Changes in interest rates could adversely affect Old National’s results of operations and financial condition.
- Economic conditions have affected and could continue to adversely affect our revenues and profits.
- Our accounting estimates and risk management processes rely on analytical and forecasting models.
- If Old National’s actual credit losses for loans or debt securities exceed Old National’s allowance for credit losses for loans or debt securities, Old National’s net income will decrease. Also, future additions to Old National’s allowance for credit losses will reduce Old National’s future earnings.
Management Discussion
- (1)Beginning January 1, 2020, calculation is based on current expected loss methodology. Prior to January 1, 2020, calculation is based on incurred loss methodology.
- (2)Represents a non-GAAP financial measure. Refer to "Non-GAAP Financial Measures" section for reconciliations to GAAP financial measures.
Content analysis
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| Positive | ||
| Negative | ||
| Uncertain | ||
| Constraining | ||
| Legalese | ||
| Litigous | ||
| Readability |
H.S. freshman Avg
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New words:
accurate, accurately, advertising, advisor, Aid, appointment, arisen, auto, baseline, BBCC, began, blunt, calibration, cashflow, challenging, China, codified, confidence, conservative, country, creation, dealer, debtor, deployment, depth, digital, diminished, disaggregated, discontinue, discontinued, discontinuing, disease, distancing, domestic, downturn, dramatically, ease, epidemic, evolved, exempt, explicitly, face, facing, forgiven, Friday, gauge, generalist, global, globally, hopeful, ii, III, implicitly, inside, interaction, Interagency, intraperiod, Joint, law, legacy, lifted, light, lobby, meant, midsize, modestly, mutually, network, noncredit, nonfinancial, Notwithstanding, outbreak, pace, pandemic, passed, Paycheck, payroll, PCD, PPP, preserve, President, proactively, prolonged, prove, put, realigning, refreshed, regression, reinvest, remotely, resume, retrospective, safe, SBA, seq, sharp, shelter, shock, shortfall, show, situation, social, specialist, stable, stemming, strain, streamline, successor, suspended, suspension, systematic, team, technical, temporary, terminated, termination, terrorist, thereto, uncertain, unconditionally, undergo, unique, unknown, unprecedented, unsuccessful, unsystematic, VFSC, waiving, writeoff, Wuhan
Removed:
absorb, accretable, acquirer, administrative, amortize, AMT, Assuming, avoid, benchmark, beneficial, borrow, buyer, callable, cancellation, carryforward, carryover, categorized, Chaska, combining, commensurate, comparative, consistently, CReED, culture, DCF, degradation, detailed, disciplined, distinguishing, District, diversity, earliest, Enhancement, evident, expand, expedite, expensed, expired, fallback, Fed, formalized, Founded, functional, gain, goal, gradual, headquartered, highest, hindsight, implicit, inception, Inclusion, installment, integrating, integration, intermediate, interpretive, introduced, July, KleinBank, language, lessee, lessor, looker, matrix, merger, migrated, migrating, nonaccretable, Nonemployee, nonpayment, Nonrefundable, OIS, opening, package, partnership, positive, preference, premium, prepare, profitable, projection, provisional, receiving, recipient, reclassification, recording, recreational, remove, resolving, resource, reversal, robust, runoff, scale, scheduled, separated, September, serving, shortening, SIFMA, slightly, student, subdivision, targeting, tool, Twin, unchanged, uncollectible, unconditional, UST, western
Financial reports
10-Q
2020 Q1
Quarterly report
29 Apr 20
10-K
2019 FY
Annual report
12 Feb 20
10-Q
2019 Q3
Quarterly report
30 Oct 19
10-Q
2019 Q2
Quarterly report
31 Jul 19
10-Q
2019 Q1
Quarterly report
2 May 19
10-K
2018 FY
Annual report
12 Feb 19
10-Q
2018 Q3
Quarterly report
31 Oct 18
10-Q
2018 Q2
Quarterly report
1 Aug 18
10-Q
2018 Q1
Quarterly report
2 May 18
10-K
2017 FY
Annual report
15 Feb 18
Current reports
8-K/A
Amendments to Articles of Incorporation or Bylaws
18 May 20
8-K
Regulation FD Disclosure
8 May 20
8-K
Old National Bancorp announces quarterly cash dividend
1 May 20
8-K
Results of Operations and Financial Condition
20 Apr 20
8-K
Regulation FD Disclosure
3 Feb 20
8-K
Regulation FD Disclosure
31 Jan 20
8-K
Old National reports 4th quarter earnings, announces dividend
21 Jan 20
8-K
Regulation FD Disclosure
4 Nov 19
8-K
Old National Bancorp announces quarterly cash dividend
24 Oct 19
8-K
Results of Operations and Financial Condition
21 Oct 19
Registration and prospectus
S-3ASR
Automatic shelf registration
5 Jun 20
424B3
Prospectus supplement
20 May 19
424B3
Prospectus supplement
24 Aug 18
S-4/A
Registration of securities issued in business combination transactions (amended)
22 Aug 18
S-3ASR
Automatic shelf registration
13 Aug 18
S-4
Registration of securities issued in business combination transactions
2 Aug 18
425
Business combination disclosure
30 Jul 18
425
Business combination disclosure
24 Jul 18
425
Business combination disclosure
25 Jun 18
425
Business combination disclosure
22 Jun 18
Proxies
DEFA14A
Additional proxy soliciting materials
9 Mar 20
DEF 14A
Definitive proxy
9 Mar 20
PRE 14A
Preliminary proxy
28 Feb 20
DEFA14A
Additional proxy soliciting materials
6 Mar 19
DEF 14A
Definitive proxy
6 Mar 19
DEF 14A
Definitive proxy
5 Mar 18
DEFA14A
Additional proxy soliciting materials
5 Mar 18
DEF 14A
Definitive proxy
6 Mar 17
DEFA14A
Additional proxy soliciting materials
6 Mar 17
DEFA14A
Additional proxy soliciting materials
24 Mar 16
Other
EFFECT
Notice of effectiveness
23 Aug 18
CORRESP
Correspondence with SEC
22 Aug 18
UPLOAD
Letter from SEC
7 Aug 18
EFFECT
Notice of effectiveness
28 Sep 17
CORRESP
Correspondence with SEC
26 Sep 17
UPLOAD
Letter from SEC
15 Sep 17
UPLOAD
Letter from SEC
17 Jul 17
CORRESP
Correspondence with SEC
10 Jul 17
UPLOAD
Letter from SEC
6 Jul 17
CORRESP
Correspondence with SEC
29 Mar 16
Ownership
4
OLD NATIONAL BANCORP / Ryan C Kitchell ownership change
6 Jul 20
4
OLD NATIONAL BANCORP / Tom Salmon ownership change
6 Jul 20
4
OLD NATIONAL BANCORP / Linda Elaine White ownership change
6 Jul 20
4
OLD NATIONAL BANCORP / Kendra L Vanzo ownership change
29 Jun 20
4
OLD NATIONAL BANCORP / Scott J Evernham ownership change
29 Jun 20
4
OLD NATIONAL BANCORP / James A Sandgren ownership change
29 Jun 20
4
OLD NATIONAL BANCORP / Jeffrey L Knight ownership change
29 Jun 20
4
OLD NATIONAL BANCORP / Derrick J Stewart ownership change
24 Jun 20
4
OLD NATIONAL BANCORP / Rebecca S Skillman ownership change
24 Jun 20
4
OLD NATIONAL BANCORP / Linda Elaine White ownership change
24 Jun 20