Old National Bank is reporting record earnings.
Evansville-based Old National says in an email that it earned $63 million in the second quarter, an increase of more 43% from same quarter of 2018.
CEO Jim Ryan said loan prepayments and planned exits played a role in the overall balance sheet growth.
But he also said activity levels were robust as the bank successfully converted KleinBank-Minnesota branches to Old National during the quarter.
Included in the report were pre-tax charges of $3.2 million for merger and integration activity.
Ryan said Old National remains on a “high-performance path.”
He succeeded former CEO Bob Jones who retired in May after 14 years with Old National.
