Springleaf is reporting a big income boost.
The Evansville-based lending company reported net income of nearly $505 million last year, compared to a $19 million loss in 2013.
A news release from Springleaf says the gain can be largely attributed to the sale of about $8 billion of real estate assets that resulted in a pretax gain of more $700 million.
Springleaf also announced this month that it’s acquiring Baltimore-based One Main Financial for more than $4 billion.
The company will move its headquarters from Evansville to Connecticut and start using the One Main brand next year.
Officials say the company will maintain a significant presence in both Evansville and Baltimore.