This Week
  • CEO Eric Bieber M.D. must meld two systems, transition to new model.

  • President Kevin Bragg has built a career with Chrisanntha Construction Corp.

  • Planning can help reduce conflict when the time comes to end a business partnership.

  • Viewpoint Systems has been known to keep a close eye on its customers.

  • Twenty-year-old Jaquan Outlaw is off to a fast start.

  • A recent visit to Ho Chi Minh City in Vietnam was an eye-opener for RIT students.

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 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