Republic Bancorp Inc. in Ann Arbor, Mich., announced Tuesday that it had third-quarter earnings of $16.2 million, down 6% from last year's third quarter. Diluted earnings per share were flat at 22 cents.
Earnings per share met the average of analysts' estimates.
Republic's third-quarter net interest income fell 10%, to $32.9 million. Its loan-loss provision for the three months rose 75%, to $2.5 million.
Noninterest income for the quarter fell 22%, to $8.6 million.
Republic announced in June that it was merging with the $7.9 billion-asset Citizens Banking Corp. of Flint, Mich. It said in announcing its third-quarter results that it would hold a special shareholders meeting Nov. 30 to vote on the Citizens deal and that it expected it to close this quarter.
