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Stock impact report

Old National’s 3rd quarter net income increases 36% from a year ago to a record $69.8 million, or $0.41 per share

Old National Bancorp (ONB) 
Last old national bancorp earnings: 4/20 07:00 am Check Earnings Report
Company Research Source: GlobeNewswire
EVANSVILLE, Ind., Oct. 21, 2019 (GLOBE NEWSWIRE) -- Old National Bancorp (NASDAQ: ONB) reports 3Q19 net income of $69.8 million, diluted EPS of $0.41.Adjusted1 net income of $70.5 million, or $0.41 per diluted share. CEO COMMENTARY: “For the 2nd straight quarter, Old National combined record net income with record loan production, defense of our net interest margin, good fee income and excellent credit metrics, all of which allowed us to continue to generate positive operating leverage,” said CEO Jim Ryan. “While loan prepayments and lower line utilization impacted overall balance sheet growth, activity levels were robust. Our granular loan portfolio and low-risk profile again led to low credit costs, and Old National remains on a path to high-performance.” THIRD QUARTER HIGHLIGHTS2: Net Income Net income of $69.8 million, an increase of 36% from third quarter of 2018Earnings per share of $0.41, an increase of 21% from third quarter of 2018 Net Interest Income/NIM Net interest Show less Read more
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