Old National Sees Profit Increase

(photo courtesy of Old National Bank)

Evansville-based Old National Bancorp (Nasdaq: ONB) is reporting net income of $77.9 million during the third quarter, up from $51.7 million during the same period last year.

Chief Executive Officer Jim Ryan says the results were driven by “very strong commercial production throughout the franchise and outstanding credit metrics that actually resulted in net recoveries.”

“Our excellent 3rd quarter results are not only a testament to our ONB Way strategy and the overall strength of our organization, they are an indicator of the strength and resiliency of the clients and communities we serve,” said Ryan.

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