Cleveland-based Society Corp. reported hefty third-quarter earnings on the strength of a wide net interest margin and improving credit quality.

The company's net income of $82.8 million was up 39% from year-ago results that were restated to reflect the acquisition of Ameritrust Corp. The profits represent a strong 1.43% return on average assets and a 19.03% return on equity.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

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