Old National Bancorp. announced unaudited earnings results for fourth quarter and full year ended December 31, 2017. For the quarter, the company reported net interest income of $118,556,000, income before taxes of $21,912,000, net loss of $18,493,000 or $0.13 per diluted share, negative return on average assets of 0.45%, negative return on average common equity of 3.51% compared to the net interest income of $109,917,000, income before taxes of $48,166,000, net income of $33,456,000 or $0.25 per diluted share, return on average assets of 0.91%, return on average common equity of 7.33% for the same quarter a year ago. Interest income was $135,134,000 against $121,849,000 for the same period a year ago. Adjusted income before income taxes was $45.0 million, net income was $32.7 million or $0.22 per share.


For the year, the company reported net interest income of $437,168,000, income before taxes of $168,664,000, net income of $95,725,000 or $0.69 per diluted share, book value per share of $13.42 as on December 31, 2016, return on average assets of 0.63%, return on average common equity of 4.98% compared to the net interest income of $402,703,000, income before taxes of $200,426,000, net income of $134,264,000 or $1.05 per diluted share, return on average assets of 0.98%, return on average common equity of 7.84% for the previous year. Interest income was $495,336,000 against $447,134,000 for the same period a year ago. Tangible common book value per share was $8.37 against $8.30 a year ago.

The company recorded a net charge-offs of $0.8 million in the fourth quarter of 2017.