Old National Bancorp today reported second-quarter earnings of $27.2 million, or 29 cents per diluted common share, a 60 percent jump from the $17 million, or 18 cents a share posted for the same three months of 2011.
The Evansville-based parent of Old National Bank had several highlights during the quarter, President and CEO Bob Jones said.
“Organic loan growth, sound expense management, better-than-peer credit quality and an expanding net interest margin are the result of a continued focus on our strategic imperatives as well as our ability to be a successful acquirer,” he said in a statement.
Among the company’s acquisitions in the last two years are Integra Bank and Monroe Bancorp. Old National’s acquisition of Indiana Community Bancorp, announced Jan. 25, is pending.