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.