Old National Bancorp. (ONB: Quote) reported fourth-quarter net income of $23.0 million, or $0.23 per share, compared to net income of $22.2 million, or $0.23 per share in the year ago quarter. Analysts polled by Thomson Reuters expected the company to report earnings of $0.23 per share for the quarter. Analysts’ estimates typically exclude special items.
The company reported provision expense in the quarter of $2.2 million, compared to $1.0 million last year.
Net interest income on a fully taxable equivalent or FTE basis was $87.9 million, compared $79.6 million in the year ago quarter. Fees, Service Charges and Other Revenues for the quarter was $46.88 million, compared to $46.12 million last year.
Total Revenue on FTE basis for the quarter was $139.18 million, up from $128.72 million in the year ago quarter. Ten analysts had consensus revenue estimate of $124.90 million for the quarter.
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by RTT Staff Writer
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