Old National reports higher profit, revenue

Back to TopCommentsE-mailPrintBookmark and Share

Loan growth in the consumer and real estate sectors helped Evansville-based Old National Bancorp report higher profit and revenue in the second quarter, the company said Monday morning.

Profit in the quarter ended June 30 climbed 60 percent, to $27.2 million, or 29 cents per share, compared with $17 million, or 18 cents per share, in the second quarter of 2011.

Old National’s revenue grew 17.4 percent, to $127.8 million, from the previous year.

Commercial real estate loan activity increased 11.4 percent, to $1.3 billion, while consumer-loan activity jumped 9.6 percent, to $966.7 million.

Old National is the state’s largest financial services holding company and has $8.7 billion in assets. It operates branches in Indiana, Illinois and Kentucky, including 48 in the Indianapolis area.


Post a comment to this story

We reserve the right to remove any post that we feel is obscene, profane, vulgar, racist, sexually explicit, abusive, or hateful.
You are legally responsible for what you post and your anonymity is not guaranteed.
Posts that insult, defame, threaten, harass or abuse other readers or people mentioned in IBJ editorial content are also subject to removal. Please respect the privacy of individuals and refrain from posting personal information.
No solicitations, spamming or advertisements are allowed. Readers may post links to other informational websites that are relevant to the topic at hand, but please do not link to objectionable material.
We may remove messages that are unrelated to the topic, encourage illegal activity, use all capital letters or are unreadable.

Messages that are flagged by readers as objectionable will be reviewed and may or may not be removed. Please do not flag a post simply because you disagree with it.

Sponsored by

facebook - twitter on Facebook & Twitter

Follow on TwitterFollow IBJ on Facebook:
Follow on TwitterFollow IBJ's Tweets on these topics:
Subscribe to IBJ