Old National Bancorp (ONB) Misses Q2 EPS by 7c

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Go back to Old National Bancorp (ONB) Misses Q2 EPS by 7c

Old National's 2nd Quarter Highlighted by 11.4% Annualized Organic Loan Growth (Excluding Covered Loans) and a Continued Strong Loan Pipeline

July 28, 2014 9:00 AM EDT

2nd Quarter Highlights:

Earnings of $18.8 million include $6.3 million of pre-tax merger and integration expenses and a $10.5 million pre-tax unfavorable change in indemnification asset Credit quality and capital levels remained strong Tower Bank & Trust Company acquisition and conversion completed

EVANSVILLE, Ind., July 28, 2014 (GLOBE NEWSWIRE) -- Today Old National Bancorp (Nasdaq: ONB) reported 2nd quarter 2014 net income of $18.8 million, or $.18 per share. Impacting current quarter results is $6.3 million of pre-tax merger and integration expenses and a $10.5 million unfavorable pre-tax change in the indemnification asset. These... More