Irwin Financial Corp. of Columbus, Ind., warned Friday that it expects to report a third-quarter loss of $15 million to $20 million from its discontinued mortgage business.
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The $6 billion-asset company also said it expects continuing operations to break even.
Its capital ratio should remain strong at 12.5% to 13%, Irwin said, and liquidity remains good, with no reliance on warehouse funding sources.
Irwin said it expects to release the third-quarter results Oct. 31. It reported a $389,000 loss for the second quarter and a $10 million loss for the first.
