Old National Bancorp Declares Quarterly Common and Preferred Dividends

The latest update is out from Old National Bancorp Capital ( (ONB) ).

On May 13, 2026, Old National Bancorp announced that its board declared a quarterly cash dividend of $0.145 per share on its common stock, payable June 15, 2026, to shareholders of record as of June 5, 2026. The decision underscores the bank holding company’s continued return of capital to common shareholders and reflects ongoing confidence in its earnings and balance-sheet strength.

The board also declared a quarterly cash dividend of $17.50 per share, or $0.4375 per depositary share, on its 7.0% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series A and Series C, payable August 20, 2026, to shareholders of record as of August 5, 2026. These preferred dividends further signal stability in Old National’s capital planning and provide predictable income to preferred investors, supporting the company’s positioning among large regional banks.

The most recent analyst rating on (ONB) stock is a Buy with a $30.00 price target. To see the full list of analyst forecasts on Old National Bancorp Capital stock, see the ONB Stock Forecast page.

Spark’s Take on ONB Stock

According to Spark, TipRanks’ AI Analyst, ONB is a Outperform.

The score is driven primarily by strong financial performance (revenue scale-up and high-quality cash generation) and a constructive earnings outlook (reaffirmed guidance, strong loan pipeline, record efficiency, and ongoing capital returns). Valuation is notably attractive with a low P/E and a dividend yield. Technicals are supportive but not strongly momentum-driven, and the main risk factors are margin normalization and rising absolute debt alongside near-term NII/NIM and deposit-competition pressures.

To see Spark’s full report on ONB stock, click here.

More about Old National Bancorp Capital

Old National Bancorp is the holding company of Old National Bank and is the fifth-largest commercial bank headquartered in the Midwest. The company, which traces its roots to 1834, serves clients primarily across the Midwest and Southeast, offering consumer and commercial banking, as well as comprehensive wealth management and capital markets services.

With approximately $73 billion in assets and $39 billion in assets under management, Old National ranks among the top 25 U.S. banking companies by size. The institution emphasizes long-term client partnerships and community engagement, and in 2025 it was named one of “The Civic 50,” recognizing it as one of the nation’s most community-minded companies.

Average Trading Volume: 3,236,572

Technical Sentiment Signal: Strong Buy

Current Market Cap: $9.33B

Learn more about ONB stock on TipRanks’ Stock Analysis page.