Old National Bancorp Q4 Profit Rises, Tops Estimates - Quick Facts

(RTTNews) - Old National Bancorp. (ONB) Monday reported fourth-quarter net income of $24.55 million or $0.25 per share, higher than $23.01 million or $0.23 per share in the previous year.

On average, 11 analysts polled by Thomson Reuters expected the company to earn $0.24 per share for the quarter. Analysts' estimates typically exclude special items.

Old National Bancorp is a financial services holding company headquartered in Indiana.

Total revenue on a fully taxable equivalent basis, or FTE, fell 6.6 percent to $129.99 million. Analysts estimated revenues of $128.39 million for the quarter. Net interest income, FTE, declined 2.7 percent to $85.55 million.

"Our strong fourth quarter results are a fitting conclusion to a year that saw Old National attain the highest net income since 2002 and our lowest full year net charge-off ratio in nearly three decades," said Bob Jones, President & CEO.