---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-24-001890"
form_type: "8-K"
ticker: "ONB"
cik: "0000707179"
company_name: "OLD NATIONAL BANCORP /IN/"
filed_at: "2024-01-23T23:59:59+00:00"
generated_at: "2026-06-06T20:17:26.549563+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Old National posts record full-year adjusted EPS $2.05; CEO Ryan becomes Chairman as Scudder retires

## Summary
- Q4 2023 diluted EPS $0.44 ($0.46 adjusted); full-year EPS $1.94 ($2.05 adjusted).
- Net interest margin contracted 10 bps to 3.39%; total deposits $37.2B flat QoQ.
- Tangible book value per share grew 17% YoY; adjusted return on avg tangible common equity 19.0%.
- $21.6M pre-tax gain on Visa B share sale; $19.1M FDIC special assessment recorded.
- Mike Scudder to retire as Executive Chairman Jan 31; CEO Jim Ryan succeeds as Chairman.

## SEC filing metadata
- accession: 0001628280-24-001890
- form_type: 8-K
- ticker: ONB
- cik: 0000707179
- company_name: OLD NATIONAL BANCORP /IN/
- filed_at: 2024-01-23T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/707179/000162828024001890/0001628280-24-001890-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/707179/000162828024001890/onb-20240123.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-001890
- JSON: https://secwatch.observer/filing/0001628280-24-001890.json
- Plain text: https://secwatch.observer/filing/0001628280-24-001890.txt

## Key facts
- Earnings Releases
  OLD NATIONAL BANCORP /IN/ reported the fourth quarter and full year 2023 results: net income net income applicable to common shares of $128.4 million, EPS diluted EPS of $0.44.
  - Period: the fourth quarter and full year 2023
  - Net income: net income applicable to common shares of $128.4 million
  - EPS: diluted EPS of $0.44
  - Result: reported results
  source text: Old National Bancorp (the “Company”) issued a press release (“Press Release”) reporting its financial results for the fourth quarter and full year 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/707179/000162828024001890/0001628280-24-001890-index.htm
- Executive change
  James C. Ryan, III was appointed as Chairman of the Board of Directors at OLD NATIONAL BANCORP /IN/.
  - Action: succeed
  - Role: Chairman of the Board of Directors
  source text: James C. Ryan, III will succeed to the position of Chairman of the Board of Directors
  evidence_url: https://www.sec.gov/Archives/edgar/data/707179/000162828024001890/0001628280-24-001890-index.htm
- Executive change
  Michael L. Scudder departed as Executive Chairman at OLD NATIONAL BANCORP /IN/.
  - Action: retire
  - Role: Executive Chairman
  source text: Michael L. Scudder will retire as Executive Chairman and as a director of the Company as of January 31, 2024
  evidence_url: https://www.sec.gov/Archives/edgar/data/707179/000162828024001890/0001628280-24-001890-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.