Old National Bancorp: Q1 Earnings Snapshot
EVANSVILLE, Ind. (AP) _ Old National Bancorp (ONB) on Tuesday reported a loss of $27.6 million in its first quarter.
The bank, based in Evansville, Indiana, said it had a loss of 13 cents per share. Earnings, adjusted for non-recurring costs, came to 40 cents per share.
The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 34 cents per share.
The holding company for Old National Bank posted revenue of $300.7 million in the period. Its revenue net of interest expense was $291.8 million, also beating Street forecasts. Three analysts surveyed by Zacks expected $270.5 million.