Old National Bancorp (ONB) Tops Q2 EPS by 1c

Old National Bancorp (NASDAQ: ONB) reported Q2 EPS of $0.41, $0.01 better than the analyst estimate of $0.40.

“Old National’s 2nd quarter earnings success was highlighted by strong commercial loan production – which drove over 11% annualized commercial loan growth – along with excellent credit metrics and stable net interest margin,” said Chairman and CEO Jim Ryan. “These results place Old National in a very strong position as we work to execute our previously announced merger of equals with First Midwest Bank. Combined, we are confident Old National will be even better positioned for strong organic growth with enhanced scale, resources, and capabilities to deliver an improved client experience and enhanced value to our shareholders.”

For earnings history and earnings-related data on Old National Bancorp (ONB) click here.

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