Friday, Dec 09, 2016
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Sky posts $33 million profit

BOWLING GREEN - Sky Financial Group, Inc., yesterday reported profit of $33 million in the third quarter, or 40 cents a share, up 8 percent from $30.7 million, or 33 cents a share, for third-quarter 2001.

Sky said its reported earnings for the first half were restated to reflect a $500,000 gain in profit from an accounting change after its recent acquisition of Three Rivers Bancorp, Inc., of Monroeville, Pa.

With the addition of the Pittsburgh-area bank, Sky's assets

jumped to $10.9 billion, up from $8.7 billion a year ago. The local bank holding company also reported net interest income of $89.2 million in the third quarter, a 7 percent gain from $83 million in the year-ago quarter.

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