SCHEDULE: FMR LLC Discloses 9% Stake in Old National Bancorp
Ownership Disclosure
FMR LLC and Abigail P. Johnson have reported a 9.0% beneficial ownership stake in Old National Bancorp, totaling over 35 million shares.
Summary
- FMR LLC and Abigail P. Johnson collectively reported beneficial ownership of 35,130,491.95 shares of Old National Bancorp common stock as of December 31, 2025.
- This represents 9.0% of the total outstanding common stock of Old National Bancorp.
- FMR LLC holds sole voting power over 35,103,177.00 shares and sole dispositive power over 35,130,491.95 shares.
- Abigail P. Johnson, as a Director, Chairman, and CEO of FMR LLC, is deemed to beneficially own the same aggregate amount of shares due to the Johnson family's controlling interest in FMR LLC.
- The securities were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of Old National Bancorp.
- Several FMR LLC subsidiaries, including Fidelity Management & Research Company LLC, are identified as entities beneficially owning shares, with Fidelity Management & Research Company LLC owning 5% or greater.
Sentiment
Score: 7
Explanation: StockSavvy.ai views this as a moderately positive signal, as a large, passive institutional investment from FMR LLC suggests confidence in Old National Bancorp's long-term prospects without indicating any immediate strategic changes or activist intentions.
Positives
- A significant institutional investor, FMR LLC (Fidelity), holds a substantial 9.0% stake in Old National Bancorp, indicating confidence in the company.
- The holding is for investment purposes in the ordinary course of business, not for control-seeking, suggesting a stable, long-term investment perspective.
Negatives
- NA
Risks
- NA
Future Outlook
The filing does not contain forward-looking statements or guidance from Old National Bancorp. It solely reports the beneficial ownership stake of FMR LLC and Abigail P. Johnson.
Industry Context
StockSavvy.ai notes that a significant stake by a major asset manager like FMR LLC (Fidelity) in a regional bank like Old National Bancorp can signal institutional confidence in the banking sector, particularly for well-established regional players. This type of passive investment suggests FMR LLC views Old National Bancorp as a sound long-term holding within its diversified portfolios, aligning with broader trends of institutional interest in stable financial institutions.
Comparison to Industry Standards
- StockSavvy.ai observes that a 9.0% beneficial ownership stake by a single institutional entity like FMR LLC is a substantial position, often placing them among the top shareholders.
- For example, similar large institutional holdings are seen with Vanguard or BlackRock in other regional banks such as KeyCorp or Zions Bancorporation, where stakes typically range from 5% to 12%.
- This level of ownership is consistent with a major asset manager's strategy of holding significant, but non-controlling, positions in publicly traded companies.
Management Changes
| Role | Previous Person | New Person | Effective Date | Reason |
|---|---|---|---|---|
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Ownership Structure Disclosure | FMR LLC and Abigail P. Johnson have disclosed their beneficial ownership, clarifying that the shares are held in the ordinary course of business and not for the purpose of changing or influencing control of Old National Bancorp. | December 31, 2025 | This disclosure provides transparency regarding a significant institutional shareholder's position, reassuring other investors that the holding is passive and not indicative of an impending control contest or activist campaign. |
Legal Proceedings
- NA
Related Party Transactions
- NA
Stakeholder Impact
- Shareholders: Increased transparency regarding a major institutional holder, potentially signaling confidence in the company.
- Management: Awareness of a significant, passive institutional investor on the shareholder register.
Next Steps
- NA
Key Dates
| Date | Description |
|---|---|
| January 3, 2023 | Effective date of Power of Attorney for FMR LLC. |
| January 26, 2023 | Effective date of Power of Attorney for Abigail P. Johnson. |
| December 31, 2025 | Date of event which requires filing of this statement, representing the ownership snapshot date. |
| February 4, 2026 | Signature date for FMR LLC and Abigail P. Johnson on the Schedule 13G. |
Recommendation
holdThe disclosure of a significant 9.0% stake by FMR LLC (Fidelity) in Old National Bancorp is generally a positive indicator of institutional confidence. However, as a passive investment, it does not inherently suggest immediate catalysts for substantial price appreciation or depreciation. For a seasoned investor, this filing reinforces a 'hold' position, acknowledging the stability implied by a major institutional backing without providing new fundamental information that would warrant a 'buy' or 'sell' action based solely on this ownership update.
Keywords
Old National Bancorp, FMR LLC, Fidelity, Abigail P. Johnson, Beneficial Ownership, Schedule 13G, Common Stock, Institutional Investor, Banking Sector, Financial Services
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