Integra Bank Corporation Reports Third Quarter EPS of $(0.84)

Integra Bank Corporation IBNK today reported financial results for the third quarter of 2010. The net loss available to common shareholders for the third quarter of 2010 was $17.3 million, or $0.84 per diluted share, compared to a loss of $10.2 million, or $0.49 per diluted share for the second quarter of 2010. The provision for loan losses was $26.2 million, up $6.9 million from $19.3 million during the second quarter of 2010, while net charge-offs totaled $26.9 million, or 6.43% of total loans on an annualized basis, a $14.7 million increase from $12.2 million, or 2.49% of total loans annualized for the second quarter of 2010. Non-performing assets declined $17.5 million, or 6.6% from June 30, 2010 and were $247.6 million.