SCHEDULE: Fuller & Thaler Discloses 4.63% Stake in Old National Bancorp

Fuller & Thaler Asset Management, Inc. reported a 4.63% beneficial ownership stake in Old National Bancorp's common stock as of June 30, 2025.

Summary

• Fuller & Thaler Asset Management, Inc., a California-based investment adviser, has filed an Amendment No. 3 to Schedule 13G regarding its beneficial ownership in Old National Bancorp /IN/.
• As of June 30, 2025, Fuller & Thaler Asset Management, Inc. beneficially owns 17,114,536.19 shares of Old National Bancorp's Common Stock.
• This ownership represents 4.63% of the class of securities.
• The firm holds sole voting power over 16,858,592.19 shares and sole dispositive power over 17,114,536.19 shares.
• The securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of the issuer.

Sentiment

Score: 6

Explanation: The filing is a routine disclosure of beneficial ownership by an investment advisor, indicating a significant but passive stake in Old National Bancorp. It does not contain operational or financial performance data, thus the sentiment is largely neutral with a slight positive tilt due to institutional holding.

Positives

• A reputable investment adviser, Fuller & Thaler Asset Management, Inc., maintains a significant stake in Old National Bancorp, indicating continued institutional confidence in the company.

Future Outlook

This filing is a disclosure of beneficial ownership and does not contain forward-looking statements or guidance regarding Old National Bancorp's future performance or strategic outlook.

Industry Context

This filing is a routine disclosure by an investment adviser of its passive ownership stake in a publicly traded bank. Such disclosures are common in the financial services industry and provide transparency regarding institutional holdings.

Stakeholder Impact

• Shareholders: Provides transparency regarding a significant institutional holder's stake in the company.

Key Dates

Recommendation

This Schedule 13G filing is a routine disclosure of beneficial ownership by Fuller & Thaler Asset Management, Inc. It indicates a significant, but passive, investment in Old National Bancorp. The filing does not contain financial performance data, strategic updates, or other information typically used to form a buy or sell recommendation. Therefore, based solely on this filing, a 'hold' recommendation is appropriate as it confirms an institutional investor's continued stake without providing new catalysts for a change in investment thesis.

Keywords

Old National Bancorp, Fuller & Thaler Asset Management, ONB, Schedule 13G, Beneficial Ownership, Investment Adviser, Common Stock, Financial Services, Banking