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

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Old National’s 2nd quarter net income increases 8.0% over prior quarter; includes 10% annualized commercial loan growth

July 25, 2017 8:01 AM EDT

2nd Quarter 2017 Highlights:

Earnings of $38.9 million, or $0.28 per shareCommercial and commercial real estate loan growth of 10.0% annualized from 1st quarter 2017Tangible book value1 increase of 3.6% from 1st quarter 2017

1 Non-GAAP measure refer to Table 10 for Non-GAAP reconciliation

EVANSVILLE, Ind., July 25, 2017 (GLOBE NEWSWIRE) -- Today Old National Bancorp (the Company or Old National) (NASDAQ: ONB) reported 2nd quarter 2017 net income of $38.9 million, or $0.28 per diluted share.  Included in the current quarter were $0.5 million in pre-tax net branch consolidation charges and a $1.0 million pre-tax charge for a client... More