Old National Bancorp (ONB) Tops Q2 EPS by 8c

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Old National’s 2nd quarter results highlighted by 11.3% annualized organic loan growth and 5.5% increase in tangible book value(1)

August 1, 2016 8:04 AM EDT

Anchor BanCorp Wisconsin Inc. partnership completeOld National Insurance sale closes

2nd Quarter 2016 Highlights:

Earnings of $39.1 million, or $0.31 per common shareOrganic loan growth of 11.3% annualizedTangible book value1 increase of 5.5% even after closing on largest partnership in Company historyCurrent dividend yield of 4.0%Stable Core Net Interest Margin1Early termination of FDIC Loss Share Agreement

1 Non-GAAP measures refer to Tables 5 & 12 for Non-GAAP reconciliations

EVANSVILLE, Ind., Aug. 01, 2016 (GLOBE NEWSWIRE) -- Today Old National Bancorp (the Company or... More