Business Context and Reporting Period
Company: Old National Bancorp
Filing Type: Form 8-K (Current Report)
Date of Report: November 13, 2024
Event: Declaration of quarterly cash dividends for common and preferred stock.
Key Financial Metrics
This filing does not contain revenue, profit, cash flow, margin, debt, or liquidity metrics. It solely reports dividend declarations.
Material Changes
No material changes to financial performance or operations are reported in this document. The filing announces the following new dividend obligations:
- Common Stock: Quarterly cash dividend of $0.14 per share.
- Preferred Stock (Series A & C): Quarterly cash dividend of $17.50 per share (equivalent to $0.4375 per depositary share).
Guidance, Outlook, and Risks
The filing contains no management guidance, outlook, risk factors, or discussion of unusual items. It references an attached press release (Exhibit 99.1) for the official announcement.
Investor Verification Checklist
- Common Dividend Payment Date: Verify payment on December 16, 2024.
- Common Record Date: Confirm shareholder status as of the close of business on December 5, 2024.
- Preferred Dividend Payment Date: Verify payment on February 20, 2025.
- Preferred Record Date: Confirm shareholder status as of the close of business on February 5, 2025.
- Preferred Stock Details: Confirm the $17.50 per share rate applies to the 7.0% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series A (ONBPP) and Series C (ONBPO).