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Old National Bancorp: Q2 Earnings Snapshot
By AP News - Jul 25, 2023, 08:15 AM ET
Last Updated - Jul 25, 2023, 08:15 AM EDT
EVANSVILLE, Ind. (AP) — EVANSVILLE, Ind. (AP) — Old National Bancorp (ONB) on Tuesday reported second-quarter profit of $155 million.
The bank, based in Evansville, Indiana, said it had earnings of 52 cents per share. Earnings, adjusted for non-recurring costs, were 54 cents per share.
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The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 50 cents per share.
The holding company for Old National Bank posted revenue of $626.5 million in the period. Its revenue net of interest expense was $469.6 million, also beating Street forecasts. Three analysts surveyed by Zacks expected $447.5 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a ONB">Zacks stock report on ONB at https://www.zacks.com/ap/ONB
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