Old National’s 1st quarter net income improves 33.4% and earnings per share increases 12.5% over 1st quarter 2016

Posted: Apr 25, 2017

Today Old National Bancorp (the “Company” or “Old National”) (NASDAQ: ONB) reported 1st quarter 2017 net income of $36.0 million, or $0.27 per diluted share. Included in the current quarter were $1.4 million in pre-tax branch consolidation charges related to the 15 banking centers that were consolidated by the Company in January 2017. This current quarter net income represents an increase of 33.4% over the 1st quarter of 2016 net income of $27.0 million and a 7.6% increase over 4th quarter 2016 net income of $33.5 million.

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ONB 1Q17 Earnings Release