A Webster Bank branch in Boston, Massachusetts. Commercial Record file photo

Webster Bank’s net income declined in the third quarter as it incurred merger-related charges from its consolidation a New York bank last year.

Net income available to common stockholders declined to $222.3 million in the third quarter, from $229.8 million in the second quarter. The third quarter results include $61.6 million in pre-tax ($45.1 million after tax) charges related to Webster’s merger with New York-based Sterling National Bank last year.

“Our results this quarter illustrate the strength of Webster, both in terms of our earnings power and sound risk and operating profile,” John R. Ciulla, president and chief executive officer of the Stamford-based bank, said in a statement. “During the quarter we completed our core systems conversion which marks a significant milestone in the completion of our integration. We continue to be well positioned for the current operating environment.”

Net interest income improved to $587.1 million from $551 million last quarter, while net interest margin went up to 3.49 percent from 3.35 percent a quarter ago.

“During the quarter, we further enhanced our liquidity position, while improving both net interest income and net interest margin,” Glenn MacInnes, executive vice president and chief financial officer, said in a statement.

Total loans ended at $50.1 billion, which was down 3 percent or $1.5 billion from $51.6 billion the previous quarter. The loans comprised of 80.4 percent commercial loans and leases, and 19.6 percent consumer loans.

Deposits increased to $60.3 billion from $58.7 billion in the second quarter as deposits across the board improved except savings accounts which slowed during the quarter.

The bank’s assets declined, amounting to $73.1 billion compared to $74 billion in the second quarter.