News From Terre Haute, Indiana

February 3, 2013

Old National Bancorp reports fourth quarter net income of $23.0 million


Special to the Tribune-Star

TERRE HAUTE — Old National Bancorp has reported fourth quarter net income of $23.0 million ($.23 per share). These fourth quarter results compare favorably to the net income of $19.7 million ($.20 per share) that Old National reported in the third quarter of 2012, and net income of $22.2 million ($.23 per share) that Old National reported in the fourth quarter of 2011.

Net income for the 12 months ending Dec. 31, 2012, was $91.7 million ($.95 per share). These results represent a $19.2 million, 26 percent increase, to the full-year 2011 net income of $72.5 million and a 25 percent increase to the full-year 2011 earnings per share of $.76.

Old National Bancorp’s board of directors declared an increase in its quarterly common stock dividend to $.10 per share on the company’s outstanding shares. This new dividend level represents an 11.1 percent increase over the previous cash dividend level of $.09 per common share.

This dividend is payable March 15, 2013, to shareholders of record on March 1, 2013. For purposes of broker trading, the ex-date of the cash dividend is Feb. 27, 2013.