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Last $13.69 USD
Change Today -0.10 / -0.73%
Volume 613.7K
ONB On Other Exchanges
Symbol
Exchange
NASDAQ GS
Frankfurt
As of 5:20 PM 08/28/15 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

One Main Street

Evansville, IN 47708

United States

Phone: 812-464-1294

Fax:

Old National Bancorp operates as the holding company for Old National Bank that provides a range of services, including commercial and consumer loan and depository services, private banking, brokerage, trust, investment advisory, and other traditional banking services. The company provides full service insurance brokerage services and other financial services. Segments The company’s segments include Banking and Insurance. Banking This segment provides products and services that address clients’ needs and help clients reach their financial goals by offering a range of quality services. The company’s financial centers focus on convenience factors, such as location, space for private consultations and quick client access to routine transactions. As of December 31, 2014, the company operated 195 banking financial centers located primarily in Indiana, southeastern Illinois, western Kentucky, and southwestern Michigan. This segment primarily consists of lending and depository activities along with cash management, private banking, brokerage, trust and investment advisory services. In addition, this segment includes Indiana Old National Insurance Company (IONIC), which reinsures credit life insurance. IONIC also provides property and casualty insurance for Old National and reinsures most of the coverage with non-affiliated carriers. Lending Activities The company’s lending activities include loans to individuals which primarily consist of home equity lines of credit, residential real estate loans and consumer loans, and loans to commercial clients, which include commercial loans, commercial real estate loans, letters of credit and lease financing. Depository Activities: The company’s deposit accounts include products, such as noninterest-bearing demand, negotiable order of withdrawal, savings and money market, and time deposits. Debit and ATM cards provide clients with access to their accounts 24 hours a day at any ATM location. It also provides 24-hour telephone access and online banking, as well as other electronic banking services. Insurance This segment offers full-service insurance brokerage services, including commercial property and casualty, surety, loss control services, employee benefits consulting and administration, and personal insurance. The company’s agencies offer products that are issued and underwritten by various insurance companies not affiliated with it. In addition, the company has two affiliated third party claims management companies that handle service claims for self-insured clients. Investment Securities As of December 31, 2014, the company’s investment securities portfolio included U.S. treasury, U.S. government-sponsored entities and agencies, mortgage-backed securities—agency and non-agency, states and political subdivisions, pooled trust preferred securities, and other securities. Supervision and Regulation The company is registered as a bank holding company and has elected to be a financial holding company. It is subject to the supervision of, and regulation by, the Board of Governors of the Federal Reserve System (Federal Reserve) under the Bank Holding Company Act of 1956, as amended. Substantially all of the deposits of the bank are insured up to applicable limits by the Deposit Insurance Fund (DIF) of the Federal Deposit Insurance Corporation (FDIC) and the bank is subject to deposit insurance assessments to maintain the DIF. The bank is subject to federal consumer protection statutes and regulations promulgated under those laws, including Truth-In-Lending Act and Regulation Z; Home Mortgage Disclosure Act and Regulation C; Fair Credit Reporting Act and Regulation V; Equal Credit Opportunity Act and Regulation B; Fair Debt Collection Act; Truth in Savings Act and Regulation DD; Regulation CC; Right to Financial Privacy Act; and Electronic Funds Transfer Act. The bank is subject to the provisions of the National Bank Act, is supervised, regulated and examined by the Office of the Comptroller of the Currency (OCC), and is subject to the rules and regulations of the OCC, Federal Reserve and the FDIC. History Old National Bancorp was founded in 1834.

 

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Valuation ONB Industry Range
Price/Earnings 15.2x
Price/Sales 2.8x
Price/Book 1.1x
Price/Cash Flow 15.1x
TEV/Sales NM Not Meaningful
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