News From Terre Haute, Indiana

Business

November 4, 2012

Old National reports third-quarter net income

EVANSVILLE — Old National Bancorp reported third-quarter net income of $19.7 million, or $.20 per share, on Oct. 29. These third-quarter results compare to the net income of $27.2 million, or $.29 per share, that Old National reported in second quarter 2012, and reflect a 17 percent increase over third-quarter 2011 net income.  

Old National Bancorp’s Board of Directors also declared a common stock dividend of $.09 per share on the company’s outstanding shares. This dividend is payable Dec. 17 to shareholders of record on Dec. 3. For purposes of broker trading, the ex-date of the cash dividend is Nov. 29.

“I am particularly pleased with our results this quarter,” said Old National President and CEO Bob Jones. “We successfully integrated Indiana Bank & Trust, which allows us to be an active part of a vibrant community and offer our services in a growing market. In addition, we continued to see organic loan growth and remained strong in our commitment to expense management. These successful results are a direct reflection of the expertise and dedication of our associates.”

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