Old National Bancorp, which has four branches in Columbus, reported third-quarter net income of $34.7 million, or 25 cents per share.

Those results included $5.5 million in pre-tax merger and integration charges related to the recently completed partnership with Anchor BanCorp Wisconsin.

The most recent results compare to net income of $39 million in the second quarter of 2016 and $37.7. million recorded in the third quarter of 2015. The company reported the second quarter of 2016 contained $7.2 million in pre-tax merger and integration charges.

The company announced its quarterly cash dividend of 13 cents per share, payable Dec. 15 to shareholders of record on Dec. 1.

Chairman and CEO Bob Jones said the third quarter results showed organic loan growth, increased tangible book value, well-controlled operating expenses and strong credit metrics.

“The fact that we achieved these gains in a challenging low-rate environment while successfully completing the conversion of Anchor is a testament to our ability to execute our growth plan,” Jones said.

The company is focused on improving efficiency, including a decision to consolidate an additional 15 banking centers in the first quarter of 2017, Jones said.

Total period-end loans, including loans held for sale, increased $90.9 million to $8.966 billion at the end of September, from $8.875 billion at the end of June. The increase represents a 4.1 percent annualized growth rate.

Total period-end core deposits, including demand and interest-bearing deposits, increased $208.9 million to $10.482 billion at the end of September, compared to $10.273 billion as of June 30.

For the third quarter of 2016, net interest income totaled $107.8 million compared to $99.3 million the second quarter of 2016 and $97.1 million in the third quarter of 2015.

Old National Bancorp, the holding company of Old National Bank, is the largest financial services holding company headquartered in Indiana. Founded in Evansville, the company has retail and commercial banking offices in Indiana, Kentucky, Michigan and Wisconsin.

For more information, visit oldnational.com.

MainSource Financial Group’s third-quarter net income of $11.7 million, or 48 cents per common share, increased from $9.1 million, or 42 cents per share, during the same period last year.

MainSource, which has its headquarters in Greensburg, also has offices in Columbus, Hope, Edinburgh, North Vernon and Westport.

During the third quarter of 2016, MainSource incurred costs of $601,000 related to its May acquisition of Cheviot Financial Corp. Excluding that charge, the company’s net income would have been $12.1 million, or 50 cents per share.

Archie M. Brown Jr., president and chief executive officer, said adjusting for the acquisition-related charge, net income exceeded $12 million for the first time in the company’s history.

“On a per share basis, operating earnings were 50 cents compared to 43 cents in the same quarter a year year, a 16 percent increase,” Brown said. “The benefits of the Cheviot Financial Corp. acquisition in the second quarter were reflected in our third quarter results. We are very pleased with the merger as it appears so far to have had the impact we expected.”

Loans grew at a 5 percent annualized rate for the quarter and commercial loans grew at a 13 percent annualized rate, Brown said. The company is continuing to experience stable growth in the commercial/industrial and commercial real estate lending, he said.

Non-performing assets declined $2.5 million, or 11 percent, from the second quarter and now represent 0.51 percent of total assets. “We also realized net recoveries of problem loans during the third quarter,” Brown said. “This is the second quarter in a row that we have experienced net recoveries, and, as a result, low loan loss provision expense.”

The company’s board approved an increase to its quarterly common dividend, payable Dec. 15 to shareholders of record as of Dec. 5, increasing from 15 cents per common share to 16 cents per common share.

Net interest income was $31.0 million for the third quarter compared to $26.1 million a year ago. Average earning assets increased year over year by $639 million, with $460 million coming from the Cheviot acquisition, $50 million from the purchase of four Old National branches in the third quarter of 2015 and $129 million from organic growth.

Total assets were $4.0 billion as of Sept. 30 which represents a $677 million increase from a year ago. The total increase in assets was primarily related to acquiring Cheviot and organic loan growth, the company said.