This Week
  • Spex Precision Machine has built its success by helping other companies build from the inside out.

  • Craig Lewis last year purchased Lewis General Tire Inc. from his father .

  • Steve Glickman wants to infuse Rochester region with new ideas, perspectives.

  • A proposal before the Rochester City Council has upset some local landlords.

  • Experts weigh in on the Republican proposal to replace the Affordable Care Act.

  • The Schools Report Card has rankings for 27 districts and more than 250 schools.

Q4 net income climbs at Northwest

Rochester Business Journal
January 24, 2014

Northwest Bancshares Inc. on Friday reported a 25 percent increase in fourth-quarter net income, beating Street expectations by a nickel a share.

The Warren, Pa.-based parent of local Northwest Savings Bank branches reported net income of nearly $20.4 million, or 22 cents a diluted share, up from $16.3 million, or 18 cents a share, in the fourth quarter 2012.

Analysts expected per-share earnings of 17 cents.

The company reported full-year net income of $63.7 million, or 73 cents a diluted share, up from $63.6 million, or 68 cents a share, in 2012.

Northwest Savings Bank ranks 14th in Rochester with local deposits of $137.3 million, data from the Federal Deposit Insurance Corp. shows.

(c) 2014 Rochester Business Journal. To obtain permission to reprint this article, call 585-546-8303 or email service@rbj.net.


What You're Saying 

There are no comments yet. Be the first to add yours!

Post Your Own Comment

 
Username:
Password:

Not registered? Sign up now!
 

To Do   Text Size
Post CommentPost A Comment eMail Size1
View CommentsView All Comments PrintPrint Size2
ReprintsReprints Size3
  • E-mailed
  • Commented
  • Viewed
RBJ   Google