Old National Bancorp (ONB) Misses Q4 EPS by 1c

Old National Bancorp (NASDAQ: ONB) reported Q4 EPS of $0.25, $0.01 worse than the analyst estimate of $0.26.

Benefitting current quarter results was $16.6 million of accretion income which was partially offset by a $6.2 million adjustment to the FDIC indemnification asset. Also included in the current quarter were $3.1 million of pre-tax merger and integration expenses. Included in 3rd quarter 2014 results were $3.6 million of merger and integration expenses, a $19.1 million unfavorable change in the indemnification asset and $34.3 million in accretion income. Included in 4th quarter 2013 results were $2.5 million of merger and integration expenses, a $3.4 million unfavorable change in the indemnification asset and $16.8 million in accretion income.

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

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