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Old National Reports "Positive" Earnings


Old National Bank is reporting what it calls “positive” first quarter earnings.

The Evansville-based banking company reported net income of $86.8 million.

In a release, Old National's Chairman and CEO Jim Ryan said the first quarter results were driven by record commercial loan production, strong mortgage revenue, and excellent credit quality.

Ryan also said the bank continues to work with small business and non-profit clients who are affected by the pandemic.

Part of the effort is to help clients gain access to Paycheck Protection Program funds and to complete the loan forgiveness process.