First Chicago Corp., the nation's 11th-largest banking concern, said its third-quarter earnings fell 10% to $64.9 million from $72.3 million a year earlier.
The Chicago company said the latest results included a previously announced special charge of $38 million for restructuring.
"We expect to reap significant benefits from that action in the future," Chairman Barry F. Sullivan said.
Net interest income rose to $311.7 million in the latest quarter from $286.8 million a year ago. But non-interest income fell to $198.5 million from $279.6 million. The non-interest income results included a $10-million gain from settlement of a pension obligation this year and a gain of $80.5 million from settlement of a separate pension obligation a year earlier.
The banking company took a provision for loan losses of $75 million in the third quarter, compared to $155 million a year earlier.
For the first nine months of its fiscal year, First Chicago had a loss of $568.5 million, contrasted to a profit of $199 million a year earlier.
The nine-month results included an $855-million loan-loss provision taken in the second quarter, mainly in response to the possibility that some of its Third World loans would not be repaid.