Profit Dips for Old National Bank
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As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe NowEvansville-based Old National Bancorp is reporting full-year net income of $226 million, down from $238 million the previous year. Chief Executive Officer Jim Ryan credits a strong fourth quarter as one of the main factors for the bank’s 2020 results.
The bank is also reporting fourth quarter net income of $74.1 million, down slightly from $78 million in the fourth quarter of 2019.
“Another significant factor was the successful implementation of our ONB Way growth strategy in 2020, which enabled us to effectively and efficiently serve all client segments with streamlined processes and enhanced technology,” Ryan said in a news release. “This led to a phenomenal year of commercial loan production and outstanding performance.”
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