Old National Bancorp wants analysts to cut 1997 earnings estimates because of expected loan losses from auto lending.

The Evansville, Ind.-based bank said profits would be depressed by a $5 million after-tax charge to cover one-time losses related to $50 million in subprime auto loans bought between early 1996 and early 1997.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.