Old National Bancorp Announces $0.14 Dividend as Ex-Dividend Date Approaches

Introduction: A Consistent Payer in a Dynamic Financial Market

Old National Bancorp (ONB), a regional financial services provider with a strong presence in the Midwest, has once again reaffirmed its commitment to a shareholder-friendly dividend policy by announcing a $0.14 per share quarterly cash dividend. The ex-dividend date has been set for 2025-09-05, aligning with the company’s historical pattern of regular and stable distributions.

In the current market environment, where interest rates remain elevated and regional banks face margin compression, ONB’s ability to maintain a consistent dividend is a strong signal of its operational resilience. The company’s latest financial results reflect solid performance in net interest income and noninterest income, which provide a robust foundation for continued dividend payments.

Dividend Overview and Context

Cash Dividend per Share (DPS): $0.14

Ex-Dividend Date: 2025-09-05

For investors, the ex-dividend date is a critical event. Shares typically trade at a price adjusted downward by the dividend amount on this date, as the entitlement to the dividend is no longer included in the stock price. While this adjustment is expected to be modest for ONB, it is a predictable feature of dividend-paying stocks and should not be confused with negative fundamental performance.

The $0.14 per share payout is in line with ONB’s historical pattern and reflects the company’s prudent balance between rewarding shareholders and retaining capital for reinvestment.

Backtest Analysis: Predictable Performance Post-Ex-Dividend

A detailed backtest of ONB’s stock behavior over the last 11 dividend events reveals a compelling pattern:

• Average Dividend Recovery Duration: 0.36 days
• 100% Recovery Probability within 15 Days: Yes
• Implication: Investors can expect rapid price normalization following the ex-dividend date

The backtest suggests that the stock price typically rebounds swiftly post-ex-dividend, with full recovery within a week in most cases. This consistency offers strategic opportunities for short-term traders who understand and can act on this predictable behavior.

Driver Analysis and Implications

ONB’s latest financial report paints a picture of a well-managed institution with strong liquidity, disciplined expense management, and diversified revenue streams. The following key figures support the sustainability of its current dividend level:

• Net Interest Income: $744.88 million
• Total Noninterest Income: $164.79 million
• Total Revenue: $909.67 million
• Earnings Per Share (EPS): $0.77
• Net Income Attributable to Common Shareholders: $233.45 million

ONB’s net income of $241.51 million provides a solid financial cushion to support dividend payouts. The company also maintains a healthy leverage position with manageable long-term debt and strong deposit funding.

In a broader context, ONB benefits from the ongoing shift toward regional banks as more conservative investors seek stable returns in a high-interest-rate environment. This aligns with ONB’s core strengths in community banking and insurance services.

Investment Strategies and Recommendations

For investors:

• Short-Term Traders: Given the strong historical recovery pattern, consider entering positions shortly before or after the ex-dividend date to capitalize on the typical price rebound.
• Long-Term Investors: ONB remains an attractive income stock for those seeking stable, predictable dividends and a solid underlying business model.

Reinvestment of dividends or strategic timing of dividend date purchases can further enhance returns, particularly when aligned with broader portfolio goals.

Conclusion & Outlook

Old National Bancorp’s $0.14 quarterly dividend and the upcoming ex-dividend date on 2025-09-05 reaffirm its position as a reliable dividend payer. The company’s strong earnings, prudent capital management, and favorable market positioning support its ability to continue this trajectory.

Looking ahead, investors may want to watch for ONB’s next earnings report, typically released within a month of the ex-dividend date, for further insight into its capital position and future dividend prospects.