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 improves 33.4% and earnings per share increases 12.5% over 1st quarter 2016

April 25, 2017 8:00 AM EDT

1ST Quarter 2017 Highlights:

Earnings of $36.0 million, or $0.27 per shareCommercial and commercial real estate loan growth of 6.8% annualized from 4th quarter 2016Tangible book value1 increase of 9.5% from 1st quarter 2016Strong expense controlConsolidation of 15 branches throughout footprint

1 Non-GAAP measures refer to Tables 4 & 10 for Non-GAAP reconciliations

EVANSVILLE, Ind., April 25, 2017 (GLOBE NEWSWIRE) -- Today Old National Bancorp (the Company or Old National) (NASDAQ: ONB) reported 1st quarter 2017 net income of $36.0 million, or $0.27 per diluted share.  Included in the current quarter were $1.4 million in pre-tax branch... More