Old National Bancorp Stock Jumps as Bank Shares Bounce
Old National Bancorp shares rose nearly 3% Thursday to $23.97 amid a broad rally in bank stocks. The company reported first-quarter net income of $229.6 million, or 59 cents per share, and kept its quarterly dividend at 14.5 cents. The SPDR S&P Regional Banking ETF gained 3.1%. Old National’s market cap stood at about $9.3 billion.