Company: ONBPP
Filing Date: 2025-02-19
Form Type: 8-K
Source: 0001628280-25-006369
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Company: OLD NATIONAL BANCORP /IN/
Filing Date: 2025-02-19
Form: 8-K
Item: Item 8.01
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Item 8.01 Other Events.

OnFebruary 19, 2025, Old National Bancorp (the “ Company”) issued a press release announcing that the Company’s Board of Directors declared a quarterly cash dividend of $0.14 per share on its outstanding shares of common stock. The dividend is payable March 17, 2025, to shareholders of record as of the close of business on March 5, 2025.

In addition, the Board of Directors declared a quarterly cash dividend of $17.50 per share (equivalent to $0.4375 per depositary share or1/40th interest per share) on the Company’s 7.0% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series A (NASDAQ: ONBPP) and Series C (NASDAQ: ONBPO). The dividends are payable on May 20, 2025, to shareholders of record as of the close of business on May 5, 2025.

The Company also announced today that its Board of Directors approved a stock repurchase program which authorizes the repurchase of up to $200 million of the Company’s common stock. Share repurchases under this program may be made from time to time on the open market, in privately negotiated transactions or through accelerated share repurchase programs in the discretion of, and at prices to be determined by, the Company. The program will be in effect until February 28, 2026.

Attached hereto as Exhibit 99.1 is the press release issued by the Company announcing the dividends and share repurchase program, which is incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits.