United Community Financial Corp. in Youngstown, Ohio, narrowed its third-quarter loss by 10% from a year earlier, to $8.9 million, due to improved asset quality.
The $2.1 billion-asset company said late Monday that its loan-loss provision decreased 31% from a year earlier, to $11.8 million. Nonperforming loans fell 6% from a year earlier, to $134.1 million, while nonperforming assets dropped 5.8%, to $172.4 million.
The company's net interest income fell 17% from a year earlier, to $15.6 million. The net interest margin compressed 24 basis points from a year earlier, 3.18%.
