EVANSVILLE — Old National Bancorp reported third quarter 2021 net income of $71.7 million, or $0.43 per diluted share, the company said.
Included in the third quarter were pre-tax charges of $1.4 million for the pending merger with First Midwest Bancorp Inc. Excluding these charges from the current quarter and netting out debt securities gains, adjusted net income was $71.8 million or $0.43 per diluted share.
Period-end loans were $13,636.1 million as of Sept. 30, a decrease of $198.7 million or 5.7% annualized, when compared to the $13,834.8 million at June 30.
Paycheck Protection Program loans declined $366.1 million to $354.9 million at Sept. 30, compared to $721.1 million at June 30.
Period-end total deposits were $18,196.1 million at Sept. 30, an increase of $327.2 million, or 7.3% annualized.
Net interest income increased to $151.6 million in the third quarter of 2021.
Old National Bancorp, the holding company of Old National Bank, is the largest bank holding company headquartered in Indiana. With $24.0 billion in assets, it ranks among the top 100 banking companies in the U.S. The company’s footprint includes Indiana, with branches in Columbus, Michigan, Minnesota and Wisconsin.
For more information, visit oldnational.com.