Old National Bancorp of Evansville, Ind., said Monday that its second-quarter earnings fell 3% from a year earlier, to $19.6 million. Related Links
Earnings per share were flat at 30 cents but beat the average of analysts’ expectations by 3 cents, as reported by Thomson Financial.
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The $8 billion-asset company’s credit quality improved. It had no provision for loan losses in the quarter, after a $3.5 million provision a year earlier and a $2.4 million provision in the previous quarter.
Net interest income fell 1.7% from a year earlier, to $58.6 million, while noninterest income increased 7%, to $39 million.
