Old National Bank, which purchased AnchorBank on May 1, posted a lower net income for the third quarter ending Sept. 30. Net income came in at $34.7 million (25 cents/share).
A year earlier and prior to the acquisition, Old National’s net income was $37.7 million (33 cents/share) for the same time period.
The Indiana-based bank is still working through acquisition-related charges, according to reports.
At the same time, Old National saw loans increase year over year, from $6.8 billion in third quarter 2015 to $8.9 billion this year.
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