Old National Bancorp Taps New C&I Leader To Shape Growth Story

• Old National Bancorp appointed Shane Print as President of Commercial & Industrial Banking.
• Print will lead the company’s C&I Banking business following the retirement of his predecessor.
• The move focuses leadership attention on growth in a key business area for NasdaqGS:ONB.

Old National Bancorp, trading on NasdaqGS:ONB, is putting fresh leadership in place over a core lending segment with Shane Print now heading Commercial & Industrial Banking. The appointment comes with the stock at about $24.01 and follows a 1 year return of 18.0%, a 3 year return of 94.0%, and a 5 year return of 46.5%.

For investors tracking management changes, this shift concentrates responsibility for expansion of the C&I franchise under a single senior leader. The move may be relevant for anyone watching how Old National Bancorp positions its commercial banking operations and allocates focus across its business lines.

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Does the team leading Old National Bancorp have what it takes? See our full breakdown of the management team's track record and compensation.

For Old National Bancorp, putting a dedicated President over Commercial & Industrial Banking signals that the board wants clear ownership of a key growth engine. C&I relationships can be important for loan growth, fee income and cross selling into areas such as treasury services and capital markets. With nearly 25 years in financial services, Shane Print arrives with external experience that could matter for competing with larger regional peers such as U.S. Bancorp, Fifth Third or PNC Financial Services when it comes to winning and retaining middle market clients. At the same time, he is stepping into an existing framework set by retiring leader Kevin Anderson, so investors will likely focus on how much continuity versus change he brings to credit appetite, pricing and client selection.

How This Fits Into The Old National Bancorp Narrative

• The emphasis on accelerating C&I growth lines up with the narrative that points to loan growth and fee income expansion as drivers of future earnings, especially after the Bremer Bank partnership increased the balance sheet capacity.
• A leadership shift in a core lending unit could test the narrative’s assumption of conservative credit management if growth targets push the C&I book toward higher risk sectors or structures over time.
• The appointment of a new C&I head is not explicitly discussed in the narrative, so any future changes in loan mix, regional exposure or use of digital tools for commercial clients may not yet be reflected in those expectations.

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The Risks and Rewards Investors Should Consider

• ⚠️ Execution risk if the push for C&I growth leads to looser underwriting standards or heavier exposure to more cyclical commercial borrowers over time.
• ⚠️ Transition risk if the leadership change causes disruption to long standing client relationships, especially in competitive markets where larger banks are targeting the same borrowers.
• 🎁 Opportunity to deepen C&I penetration in existing markets by pairing Print’s experience with the enlarged balance sheet and capital position created by prior transactions.
• 🎁 Potential for stronger coordination between C&I lending and fee based businesses such as capital markets and treasury services, which could support a more diversified revenue mix.

What To Watch Going Forward

Investors should watch for any commentary from management on C&I loan growth targets, credit quality trends and client acquisition in key regions following Print’s appointment. Changes in the mix of commercial loans, exposure to commercial real estate and cross sell rates into fee based services will help show whether this leadership move is shifting Old National Bancorp’s commercial banking profile relative to peers like U.S. Bancorp and Fifth Third. Over time, updates on NPLs, charge offs and risk ratings within the C&I portfolio will be important to see how growth ambitions balance with the company’s stated focus on conservative credit management.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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