Edition:
United States

Old National Bancorp Says To Revalue Deferred Tax Assets After U.S. Tax Reform


Friday, 22 Dec 2017 01:48pm EST 

Dec 22 (Reuters) - Old National Bancorp ::OLD NATIONAL BANCORP SAYS HAS CONCLUDED THAT U.S. TAX REFORM WILL CAUSE CO'S DEFERRED TAX ASSETS TO BE REVALUED - SEC FILING.OLD NATIONAL BANCORP - ESTIMATED Q4 EARNINGS IMPACT WOULD BE APPROXIMATELY A LOSS OF $0.28 PER SHARE.OLD NATIONAL BANCORP - ESTIMATED THAT VALUE OF DEFERRED TAX ASSET TO BE REDUCED BY ABOUT $41 MILLION, LESS THE AMOUNT OF TAX DEFERRAL UTILIZED IN Q4.OLD NATIONAL BANCORP - ESTIMATED Q4 TANGIBLE BOOK VALUE IMPACT WOULD BE APPROXIMATELY A LOSS OF $0.27 PER SHARE.OLD NATIONAL BANCORP - CO DOES NOT ANTICIPATE FUTURE CASH EXPENDITURES AS A RESULT OF THE REDUCTION TO THE DEFERRED TAX ASSET. 

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