This Week
  • RIT, RGH hold opening ceremonies for RIT's Clinical Health Sciences Center.

  • Williamson businesses and residents are signing up to become part of a solar system.

  • Thomas Bonadio has grown the Bonadio Group into the nation's 40th largest CPA firm.

  • Steve General Contractor was founded in 1973 by a Jamaican immigrant.

  • Tim Dougherty found satisfaction in creating a nutritional lifestyle.

  • The 2015 edition features an exclusive interview with Paychex CEO Martin Mucci.

Northwest Bancshares sees profit rise in Q4

Rochester Business Journal
January 22, 2013

Northwest Bancshares Inc., parent of Northwest Savings Bank in the Rochester market, Tuesday reported a profit of $16.3 million, or 18 cents a share, in the fourth quarter.

The bank’s earnings beat Wall Street estimates by 2 cents a share.

Net income rose 8 percent from $15.2 million, or 16 cents a share, in the fourth quarter of 2011, the Warren, Pa.-based bank reported.

Full-year net income totaled $63.6 million, down 1 percent from $64.2 million in 2011, the bank reported.

Northwest Savings Bank ranks 16th in the Rochester market with local deposits of $147.1 million, data from the Federal Deposit Insurance Corp. show.

Shares of Northwest Bancshares (NASDAQ: NWBI) midday were trading at $12.32, up 14 cents from its previous close.

(c) 2012 Rochester Business Journal. To obtain permission to reprint this article, call 585-546-8303 or email

What You're Saying 

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

Post Your Own Comment


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