Old National raises dividend 3.6% to $0.145 and doubles buyback to $400 million
Old National Bancorp raised its quarterly common stock dividend 3.6% to $0.145 per share and approved a share repurchase program of up to $400 million, replacing a $200 million program. The company also disclosed that four directors will retire at the May 13, 2026 annual meeting, and the board will shrink from 16 to 12 members. For shareholders, the filing points to higher cash returns, though the company says the buyback does not commit it to repurchase any shares.
Key points
- Quarterly common dividend increased 3.6% to $0.145 per share, payable March 16, 2026, to holders of record as of March 5, 2026.
- Share repurchase authorization of up to $400 million replaces the prior $200 million program, which was set to expire February 28, 2026; the new program runs until February 28, 2027.
- Quarterly dividend of $17.50 per share declared on Series A and Series C preferred stock, payable May 20, 2026.
- Directors Austin M. Ramirez, Ellen A. Rudnick, Rebecca S. Skillman and Stephen C. Van Arsdell will retire at the 2026 annual meeting on May 13, 2026; board size reduced from 16 to 12.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:17 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on February 19, 2026.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.