• Old National Bancorp completed a $450 million fixed income offering, adding a new layer of funding flexibility.
• Management also reported continued progress in integrating Bremer Bank into the broader Old National platform.
• These updates come alongside a recent share price of $24.43 for NasdaqGS:ONB, with the stock up 8.3% over the past month.

For you as an investor, the combination of fresh financing and ongoing Bremer Bank integration provides more context around how Old National Bancorp (NasdaqGS:ONB) is shaping its balance sheet and operations. The stock recently traded at $24.43, with a 30 day return of 8.3% and a 3 year return of 49.7%, which helps frame how the market has been responding over different time frames.

These corporate moves may influence how Old National Bancorp manages growth opportunities, credit risk, and capital allocation over time. As more details emerge on how the new funding is deployed and how Bremer Bank is fully absorbed, investors will have additional data points to judge execution and risk profile alongside the current share performance.

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Quick Assessment

• ✅ Price vs Analyst Target: At $24.43, the price is about 11% below the $27.33 analyst target.
• ✅ Simply Wall St Valuation: Shares are described as trading 49.6% below an estimated fair value.
• ✅ Recent Momentum: The stock shows a 30 day return of 8.3%.

Check out Simply Wall St's in depth valuation analysis for Old National Bancorp.

Key Considerations

• 📊 The $450m fixed income offering gives Old National extra funding flexibility while Bremer Bank integration continues.
• 📊 It may be useful to monitor funding costs, Bremer related cost savings, and how the P/E of 14.58 compares with the 11.75 Banks industry average.
• ⚠️ The main flagged risk is recent shareholder dilution, which you may want to weigh against the new capital structure.

Dig Deeper

For the full picture including more risks and rewards, check out the complete Old National Bancorp analysis.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.