Old National Bancorp Raises Quarterly Dividend 3.6% to $0.145 Per Share
Old National Bancorp (NASDAQ: ONB), an Indiana-based regional banking company, increased its quarterly cash dividend to $0.145 per share, up from $0.140. The board also declared preferred stock dividends and authorized a new $400 million share repurchase program.
Old National Bancorp (NASDAQ: ONB), an Indiana-based regional banking company, raised its quarterly cash dividend by 3.6% to $0.145 per share, the company announced February 19, 2026. The previous quarterly dividend was $0.140 per share. Read more dividend announcements.
The dividend will be paid March 16, 2026, to shareholders of record as of March 5, 2026.
| Dividend Details | Common Stock |
|---|---|
| Amount | $0.145 per share |
| Record Date | March 5, 2026 |
| Payment Date | March 16, 2026 |
| Previous Amount | $0.140 per share |
| Increase | 3.6% |
Preferred Stock Dividends
The board also declared a quarterly cash dividend of $17.50 per share on the company's 7.0% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series A (NASDAQ: ONBPP) and Series C (NASDAQ: ONBPO). This is equivalent to $0.4375 per depositary share.
The preferred dividends will be paid May 20, 2026, to shareholders of record as of May 5, 2026.
Share Repurchase Program
Old National Bancorp announced the board approved an expanded share repurchase program authorizing up to $400 million in buybacks of common stock. The program will remain in effect until February 28, 2027, replacing the prior $200 million repurchase authorization that was set to expire February 28, 2026.
Repurchases may be executed through open market transactions, privately negotiated deals, or other methods including accelerated share repurchase arrangements. The program may be modified, suspended, or discontinued at any time.
Board Changes
The company disclosed that four directors will retire at the 2026 annual meeting, reducing the board size from 16 to 12 members. On February 18, 2026, the board amended the company's by-laws to allow the board size to be fixed by board resolution rather than by-law amendment.