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The Evansville, Ind., bank is at it again, agreeing to buy Indiana Community Bancorp. Old National bought the failed Integra Bank last year and later resold some of its branches.
January 25 -
Old National Bancorp's purchase of Integra Bank, its largest competition, is not your usual FDIC failed bank deal, and could be considered subtraction by addition.
August 1 -
Old National Bancorp in Evansville, Ind., Wednesday announced a deal to acquire the $850 million-asset Monroe Bancorp for $83.5 million in a stock transaction.
October 6 -
Bank of America's need to downsize continues to benefit small banks, as Old National acquires branches with $780 million of deposits in two states.
January 9 -
Old National Bancorp (ONB) in Evansville, Ind., has renewed its contract with Neural Technologies, a provider of risk management software.
April 17
An increase in interest income and drop in expenses lifted Old National Bancorp (ONB) in Evansville, Ind., last quarter.
Earnings at the $9.5 billion-asset company rose 10.2% from a year earlier, to $23.9 million, or 24 cents per share.
Old National's loan book grew 10.9% year over year, to $5.1 billion. Net interest income increased 6.4% from the first quarter of 2012, to $79 million. However, the net interest margin narrowed 16 basis points, to 4.04%.
Noninterest income fell 6.4% year over year, to $45.3 million. Noninterest expense declined 1.2% from a year earlier, to $90.1 million.
Old National's efficiency ratio improved 2.54 percentage points from the first quarter of 2012, to 68.34%.
Chargeoffs fell 68% from a year earlier, to $1.1 million, as credit quality improved.
In September,
Old National also is
"Our continued focus on improving core net income, coupled with strategic acquisitions, has provided our shareholders with a good start to 2013," Bob Jones, Old National's chief executive, said in a press release.
