Old National Hits Record Profits in Q2

Old National Bancorp records a solid second quarter in fy 2019

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Evansville-based Old National Bancorp (Nasdaq: ONB) is reporting record net income of $63 million during the second quarter, up 43 percent from the same period last year. The parent of Old National Bank also completed the conversion of Minnesota-based KleinBank Financial Inc., which it acquired last year.

The parent of Old National Bank reports Earnings per share (EPS) of $0.36, an increase of 24 percent from the second quarter of 2018.

“This was a quarter that saw Old National report record net income, strong loan production, good fee income, and excellent credit metrics, all of which allowed us to continue to generate positive operating leverage,” said CEO Jim Ryan.

You can connect to the full earnings report by clicking here.