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 Video: What is a Stock Split?
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| Old National Bancorp is the holding company of Old National Bank, which is a commercial bank. Old National Bank operates banking centers located primarily across the Midwestern U.S., including Illinois, Indiana, Iowa, Kentucky, Michigan, Minnesota, and Wisconsin, among others. Old National Bank provides community banking services, including commercial, real estate and consumer loans, deposits and private banking, capital markets, brokerage, wealth management, trust and investment advisory services. According to our ONB split history records, Old National Bancorp has had 3 splits. | |
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Old National Bancorp (ONB) has 3 splits in our ONB split history database. The first split for ONB took place on January 02, 2003. This was a 105 for 100 split, meaning for each 100 shares of ONB owned pre-split, the shareholder now owned 105 shares. For example, a 1000 share position pre-split, became a 1050 share position following the split. ONB's second split took place on January 02, 2004. This was a 105 for 100 split, meaning for each 100 shares of ONB owned pre-split, the shareholder now owned 105 shares. For example, a 1050 share position pre-split, became a 1102.5 share position following the split. ONB's third split took place on January 03, 2005. This was a 105 for 100 split, meaning for each 100 shares of ONB owned pre-split, the shareholder now owned 105 shares. For example, a 1102.5 share position pre-split, became a 1157.625 share position following the split.
When a company such as Old National Bancorp splits its shares, the market capitalization before and after the split takes place remains stable, meaning the shareholder now owns more shares but each are valued at a lower price per share. Often, however, a lower priced stock on a per-share basis can attract a wider range of buyers. If that increased demand causes the share price to appreciate, then the total market capitalization rises post-split. This does not always happen, however, often depending on the underlying fundamentals of the business.
Looking at the ONB split history from start to finish, an original position size of 1000 shares would have turned into 1157.625 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Old National Bancorp shares, starting with a $10,000 purchase of ONB, presented on a split-history-adjusted basis factoring in the complete ONB split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
12/14/2015 |
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| End date: |
12/10/2025 |
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| Start price/share: |
$13.57 |
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| End price/share: |
$23.26 |
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| Starting shares: |
736.92 |
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| Ending shares: |
1,016.40 |
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| Dividends reinvested/share: |
$5.44 |
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| Total return: |
136.41% |
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| Average Annual Total Return: |
8.99% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$23,646.35 |
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| Years: |
10.00 |
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Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
12/14/2015 |
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| End date: |
12/10/2025 |
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| Start price/share: |
$13.57 |
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| End price/share: |
$23.26 |
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| Dividends collected/share: |
$5.44 |
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| Total return: |
111.50% |
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| Average Annual Total Return: |
7.78% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$21,149.14 |
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| Years: |
10.00 |
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| Date |
Ratio |
| 01/02/2003 | 105 for 100 | | 01/02/2004 | 105 for 100 | | 01/03/2005 | 105 for 100 |
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