Old National Bank had a successful second quarter, according to its earnings report released today. The bank reported 44 million dollars in net income. That’s up 13.2 percent from the same quarter last year.
Earnings per share are also higher, at 29 cents a share. That’s up 3.6 percent.
CEO Bob Jones said in a press release that good management, an increase in deposit costs, and higher rates led to a strong quarter.
He said that the bank’s performance and its recent merger agreement with Minnesota-based Klein Financial show Old National is "well-positioned for continued growth and successin the vibrant markets that now define our franchise."