Old National Bancorp (ONB) Tops Q1 EPS by 2c

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Go back to Old National Bancorp (ONB) Tops Q1 EPS by 2c

Old National's 1st quarter Net Income increases 29% compared to 1st quarter 2015

May 2, 2016 8:45 AM EDT

  Agreement reached to sell Old National Insurance  Anchor BanCorp Wisconsin Inc. partnership closes

1ST QUARTER 2016 HIGHLIGHTS:

Earnings of $27.0 million, or $0.24 per common shareAdjusted earnings1 of $28.1 million, or $0.25 per common shareIncrease in Core Net Interest Margin1Organic loan growth of 4.6% annualized, excluding covered loansTangible book value1 increase of 2.4%; current dividend yield of 3.9%7.8% decline in operational noninterest expenses1 from 1st quarter 2015

1 Non-GAAP measures refer to Tables 1, 2, 3 and 9 for Non-GAAP reconciliations

EVANSVILLE, Ind., May 02, 2016... More