Trine receives $2.5M for new academic building

Trine University has received a $2.5 million gift from alumnus and Board of Trustees member Larry Reiners and his wife Judy. Trine says the funds will support a new 120,000-square-foot academic facility that will house programs in its College of Health Professions.... Read More

Wabash sees Q2 profit

Lafayette-based Wabash (NYSE: WNC) is reporting second quarter net income of $22.7 million, compared to $12.3 million during the same period last year. The trailer maker says demand remains strong as evidenced by its backlog remaining at $2.3 billion from the first quarter to the second.... Read More

Notre Dame touts research grants

The University of Notre Dame says it received $244 million in research awards during fiscal year 2022, surpassing the previous record of $222.7 million set during the previous year. The university says the funding represents nearly 800 separate awards from a variety of sources.... Read More

Butler announces first esports park tenant

Butler University has announced Challonge will be the first tenant at its new Esports Park when it opens next month. Challonge is a software-as-a-service company owned by California-based Logitech (Nasdaq: LOGI).... Read More

First Merchants Corp. sees decrease in quarterly earnings

Muncie-based First Merchants Corp. (Nasdaq: FRME) is reporting second quarter net income of $38.5 million, compared to $55.6 million during the same period last year. The bank says the results included acquisition costs of nearly $30 million from its merger with Level One Bancorp LLC in Michigan.... Read More

Old National promotes Sanchez to new executive position

Evansville-based Old National Bancorp (Nasdaq: ONB) has selected Rafael Sanchez for the newly-created position of chief impact officer, the bank announced Tuesday. Sanchez, who also serves as the bank's Indianapolis market president, is tasked with focusing on the financial advancement of underrepresented communities. ... Read More

Franklin Electric sees Q2 profit

Fort Wayne-based Franklin Electric Co. Inc. (Nasdaq: FELE) is reporting record second quarter net income of $59.8 million, up from $39.4 million during the same period last year. Chief Executive Officer Gregg Sengstack says the company saw growth and strong demand across its three business segments, which includes water systems, distribution, and fueling systems.... Read More