BRIEF: Old National 2016 earnings highest in company history

Jan. 24--Old National Bank reported that its net income for 2016 was a record for the company -- $134.3 million, or $1.05 per diluted share.

The figure is up 15 percent over 2015 net income of $116.7 million, or $1 per diluted share.

Bank officials said income for the fourth quarter of 2016 was $33.5 million (25 cents per diluted share).

Old National last year acquired Anchor BanCorp of Wisconsin and sold the former Old National Insurance Group.

"A strong fourth quarter, driven by 6.1 percent annualized loan growth, capped a year of excellent growth for Old National," Chairman and CEO Bob Jones said in a news release. "Not only did we increase our net income by 15 percent over 2015 while maintaining exceptional credit quality and increasing our tangible book value by nearly 9 percent, we accomplished all of this while expanding our franchise into Wisconsin with the largest partnership in our history."

This story will be updated.

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