Old National Bancorp reported a strong fourth quarter with a net income of $74.1 million and diluted EPS of $0.44. The company's success was attributed to the implementation of the ONB Way growth strategy and strong commercial loan production. The quarter was capped off with a very strong year of earnings.
Net income for the fourth quarter was $74.1 million.
Earnings per diluted share for the fourth quarter was $0.44.
Net interest income on a fully taxable equivalent basis was $164.6 million.
Adjusted PPNR increased 27.2% over the fourth quarter of 2019.
The press release does not contain explicit forward guidance. Therefore, I cannot provide the positives or negative bullet points.
Visualization of income flow from segment revenue to net income