Old National Profits Hold Steady Quarter Exceeds Expectations

Summary


Despite seeing continued trouble from a loan officer's alleged fraud, Old National Bancorp's profits held steady in the second quarter of 2008.

On Monday, the bank reported profits of $19.5 million, or 30 cents a share, in the quarter that ended June 30, 2008. That was down slightly from the $19.6 million, or 30 cents a share, it had reported in the second quarter of 2007.

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Extract


Old National Profits Hold Steady Quarter Exceeds Expectations

The bank's second-quarter performance exceeded the expectations of analysts polled by Thomson Financial, who pr...

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