Profit Dips for Old National Bank

(photo courtesy of Old National Bank)

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Evansville-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.”

You can connect to the full fourth quarter and year-end earnings report by clicking here.