Old National Bancorp reported $116.7 million in earnings during 2015, a 12.6 percent increase over $103.7 million reported in 2014.
For the 12 months ending on Dec. 31, net income was $1 per share, compared to 2014’s 95 cents per share.
Earnings in the fourth quarter of 2015 were $32 million, or 27 cents per common share. In the fourth quarter of 2015, Old National Bancorp reported $11.1 million in pre-tax gains related to the repurchase of 14 banking properties. Also included in that quarter were $2.4 million in pre-tax charges related to continued efficiency initiatives as well as a $4.8 million pre-tax charge for a litigation settlement.
Excluding those, Old National would have reported a net income of $29.4 million or 25 cents per share.
Old National’s fourth quarter net income of $32 million, or 27 cents a share, compares to a net income of $29.3 million recorded in the same period last year, or 25 cents per share.
Evansville-based Old National has 164 banking centers in Indiana, Kentucky, western Michigan and eastern Illinois. The company operates four bank branches in Columbus.