Sky Reports Q3 Results

Sky Financial Group, Inc. today reported third quarter net income of $51.0 million, or $.47 per diluted share, compared to $46.1 million, or $.43 per diluted share for the third quarter of 2004. Annualized return on assets and return on equity for the third quarter were 1.33 percent and 13.38 percent respectively, compared with 1.26 percent and 13.21 percent respectively for the same period in 2004.

For the nine months ended Sept. 30, 2005, Sky reported net income of $131.0 million, or $1.22 per diluted share versus $145.0 million, or $1.47 per diluted share for the first nine months of 2004. The prior year to date included income from discontinued operations of $18.7 million, or $.19 per diluted share, due to a gain from Sky’s sale of its dental finance unit, Sky Financial Solutions (SFS).

Sky Financial Group is a $15.3 billion diversified financial holding company with its headquarters located in Bowling Green, Ohio. Sky’s asset size places it among the 40 largest publicly-held bank holding companies in the nation. Sky operates over 280 financial centers and over 300 ATMs serving communities in Ohio, Pennsylvania, Michigan, Indiana and West Virginia. Sky’s financial service affiliates include: Sky Bank, commercial and retail banking; Sky Trust, asset management services; and Sky Insurance, retail and commercial insurance agency services.