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Old National Bancorp: 2Q Earnings Snapshot

July 22, 2019

EVANSVILLE, Ind. (AP) _ Old National Bancorp (ONB) on Monday reported second-quarter earnings of $63 million.

The bank, based in Evansville, Indiana, said it had earnings of 36 cents per share. Earnings, adjusted for non-recurring costs, were 37 cents per share.

The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 33 cents per share.

The holding company for Old National Bank posted revenue of $240.3 million in the period. Its revenue net of interest expense was $206.4 million, also beating Street forecasts. Four analysts surveyed by Zacks expected $197.9 million.

Old National Bancorp shares have risen 9% since the beginning of the year. The stock has fallen 13% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ONB at https://www.zacks.com/ap/ONB

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