Old National Bancorp (ONB) Tops Q3 EPS by 3c

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Old National’s strong 3rd quarter driven by 12% annualized commercial loan growth

October 24, 2017 6:00 AM EDT

3rd Quarter 2017 Highlights:

Earnings of $39.4 million, or $0.29 per shareAdjusted pre-tax, pre-provision income1 of $61.1 millionCommercial and commercial real estate loan growth of 12.0% annualized from 2nd quarter 2017Cost of interest-bearing deposits (excluding brokered CDs) increased just 2 basis points to 0.25%Tangible book value1 increase of 1.9% from 2nd quarter 2017

1 Non-GAAP measures refer to Table 3 and Table 11 for Non-GAAP reconciliations

EVANSVILLE, Ind., Oct. 24, 2017 (GLOBE NEWSWIRE) --  Today Old National Bancorp (the Company or Old National) (NASDAQ: ONB) reported 3rd quarter 2017 net income of $39.4 million, or $0.29... More