Merger-related expenses trimmed the thrift industry's third-quarter earnings by 25%, the Office of Thrift Supervision announced Wednesday.

OTS-regulated institutions earned $1.347 billion in the quarter ended Sept. 30, compared to $1.686 billion during the second quarter.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.