OLD NATIONAL BANCORP /IN/ (ONB) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

Medium Risk
Moderate dilution risk
Last updated: April 29, 2026

Risk Assessment Details

Potential Dilution: 0.0% of current shares
Recent Dilution: 24.13% (2 years)
Historical Dilution Factor: moderate recent dilution
Outstanding Shares
390M
Potential Supply
0
Additional shares possible
Splits
None
Past 2 years

Summary

ONB currently has 386M outstanding shares. with minimal authorized share overhang for future dilution. The company has diluted shareholders by 24.13% over the past 2 years through share issuances.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
Apr 29, 2026

10-Q filing | 385.8M shares outstanding

390M 0
Oct 29, 2025

10-Q filing | 390.5M shares outstanding

390M 0
Jul 30, 2025

10-Q filing | 361.4M shares outstanding

360M 0
May 28, 2025

8-K filing: Old National Bancorp settled forward sale agreements by delivering 21,904,762 shares of common stock and received net proceeds of approximately $443.2 million. ($443.2M proceeds)

320M 0
Apr 30, 2025

10-Q filing | 321.0M shares outstanding

320M 0
Feb 19, 2025

10-K filing | 311.0M shares outstanding

310M 0
Nov 26, 2024

8-K filing: Old National Bancorp reports the full exercise of the Underwriters' option to purchase an additional 2,857,143 shares of Common Stock, in addition to the previously reported 19,047,619 shares, and enters into an additional forward sale agreement with the Forward Purchaser relating to these shares.

320M 0
Nov 25, 2024

8-K filing: Old National Bancorp entered into a merger agreement with Bremer Financial Corporation, and also entered into a forward sale agreement with Citibank, N.A. relating to 19,047,619 shares of Company Common Stock, in connection with a public offering.

320M 0
Oct 30, 2024

10-Q filing | 317.3M shares outstanding

320M 0
Jul 31, 2024

10-Q filing | 316.5M shares outstanding

320M 0
May 01, 2024

10-Q filing | 292.2M shares outstanding

290M 0
Feb 22, 2024

10-K filing | 291.9M shares outstanding

290M 0
Nov 01, 2023

10-Q filing | 291.7M shares outstanding

290M 0
Aug 02, 2023

10-Q filing | 291.3M shares outstanding

290M 0
May 03, 2023

10-Q filing | 292.8M shares outstanding

290M 0
Feb 22, 2023

10-K filing | 276.7M shares outstanding

280M 0
Nov 02, 2022

10-Q filing | 292.5M shares outstanding

290M 0
Aug 03, 2022

10-Q filing | 291.9M shares outstanding

290M 0
May 04, 2022

10-Q filing | 293.0M shares outstanding

290M 0
Feb 16, 2022

8-K filing: Old National filed amendments to increase authorized common stock to 600,000,000 and issued preferred stock and depositary shares in connection with a merger, including 108,000 shares of Series A Preferred Stock and 122,500 shares of Series C Preferred Stock.

170M 0
Feb 10, 2022

10-K filing | 165.9M shares outstanding

170M 0
Oct 27, 2021

10-Q filing | 165.9M shares outstanding

170M 0
Aug 04, 2021

10-Q filing | 165.9M shares outstanding

170M 0
Apr 28, 2021

10-Q filing | 165.7M shares outstanding

170M 0
Feb 10, 2021

10-K filing | 165.5M shares outstanding

170M 0
Oct 28, 2020

10-Q filing | 165.4M shares outstanding

170M 0
Jul 29, 2020

10-Q filing | 165.3M shares outstanding

170M 0
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