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DBRS: Old National Bancorp unchanged
DBRS said the ratings for Old National Bancorp, including its BBB (high) issuer and senior debt rating, are unchanged following the release of its first quarter of 2011 financial results.
The trend is stable.
Reflecting a wider net interest margin, higher fee revenues lower expenses and stabilizing credit costs, Old National reported net income of $16.4 million for the first quarter, up from $5.7 million for the fourth quarter of 2010, DBRS said.
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