SCHEDULE 13G/A: BlackRock Discloses 10.5% Stake in Old National Bancorp

BlackRock, Inc. has filed an amended Schedule 13G, reporting a 10.5% beneficial ownership stake in Old National Bancorp as of June 30, 2025.

Summary

• BlackRock, Inc. beneficially owns an aggregate of 38,833,046 shares of Old National Bancorp common stock.
• This ownership represents 10.5% of the total outstanding common stock of Old National Bancorp.
• BlackRock holds sole voting power over 37,745,267 shares and sole dispositive power over 38,833,046 shares.
• The shares were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of Old National Bancorp.
• This filing is Amendment No. 17 to previous Schedule 13G statements for Old National Bancorp.

Sentiment

Score: 5

Explanation: The document is a factual disclosure of beneficial ownership and does not contain information that would indicate a positive or negative sentiment regarding the issuer's performance or outlook.

Positives

• Significant institutional ownership by BlackRock, a major global asset manager, indicates confidence in Old National Bancorp as an investment.
• The passive nature of the investment, as certified by BlackRock, suggests no intent to influence control, which can be viewed positively by existing management and shareholders.

Negatives

• No specific negative information regarding Old National Bancorp's performance or operations is disclosed in this ownership filing.

Risks

• No specific risks related to Old National Bancorp's operations or financial health are detailed in this ownership disclosure. The filing is solely about beneficial ownership.

Future Outlook

NA

Management Comments

• The securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under §§ 240.14a-11.

Industry Context

This Schedule 13G filing indicates a significant passive ownership stake by BlackRock, one of the world's largest asset managers, in Old National Bancorp, a regional bank. Such filings are routine disclosures for large institutional investors holding more than 5% of a company's stock, signifying a long-term, non-controlling investment strategy.

Stakeholder Impact

• Shareholders: The disclosure of a major institutional investor like BlackRock holding a significant stake can provide a degree of stability and confidence, potentially influencing other investors' perceptions.
• Management: The certification that the shares are not held for control purposes indicates that BlackRock is not seeking to influence management or corporate strategy, which can be reassuring for the current leadership.

Key Dates

Keywords

BlackRock, Old National Bancorp, ONB, Schedule 13G, Beneficial Ownership, Institutional Investor, Common Stock, SEC Filing, Passive Investment, Financial Services, Banking