Northwest Bancshares (NWBI) 14.70 $NWBI
New Strong Buy Stocks for June 10th
Zacks Equity Research - Zacks Investment Research - Fri Jun 10, 7:01AM CDT
New Strong Buy Stocks for June 10th
NWBI: 14.70 (-0.04), FMBH: 25.30 (+0.04), PVG: 8.82 (-0.09), SANM: 28.04 (-0.40)
Technical Coverage on Savings and Loans Equities -- Investors Bancorp, BofI Holding, Astoria Financial and Northwest Bancshares
PR Newswire - Tue Jun 07, 7:10AM CDT
On Monday, June 06, 2016, the NASDAQ Composite ended the trading session at 4,968.71, up 0.53%; the Dow Jones Industrial Average advanced 0.64% to finish at 17,920.33; and the S&P 500 closed at 2,109.41, up 0.49%. The gains were broad based as all the sectors ended the session in positive. ActiveWallSt.com has initiated coverage on the following equities: Investors Bancorp Inc. (NASDAQ: ISBC), BofI Holding Inc. (NASDAQ: BOFI), Astoria Financial Corporation (NYSE: AF), and Northwest Bancshares Inc. (NASDAQ: NWBI). Learn more about these stocks by accessing their free trade alerts at:
BOFI: 18.75 (-0.35), NWBI: 14.70 (-0.04), AF: 15.62 (-0.08), ISBC: 11.64 (-0.14)
The Zacks Analyst Blog Highlights: Fresh Del Monte Produce, Post Holdings, FTI Consulting, BCE and Northwest Bancshares
Zacks Equity Research - Zacks Investment Research - Thu Jun 02, 8:30AM CDT
The Zacks Analyst Blog Highlights: Fresh Del Monte Produce, Post Holdings, FTI Consulting, BCE and Northwest Bancshares
POST: 75.95 (-0.74), NWBI: 14.70 (-0.04), BCE: 46.92 (-0.45), FDP: 54.55 (-0.13), FCN: 42.98 (-0.40)
5 Low Beta Stocks to Tame a Volatile Market
Zacks Equity Research - Zacks Investment Research - Wed Jun 01, 10:52AM CDT
Investors prefer stocks that carry relatively lower downside risk, especially in a volatile market.
POST: 75.95 (-0.74), NWBI: 14.70 (-0.04), BCE: 46.92 (-0.45), FDP: 54.55 (-0.13), FCN: 42.98 (-0.40)
6 Stocks Set to Rise on New Analyst Coverage
Zacks Equity Research - Zacks Investment Research - Tue May 24, 12:09PM CDT
A new coverage on a stock is usually the result of a promising future envisioned by the analyst(s).
AMSC: 8.81 (-0.28), DISCK: 25.26 (-1.03), NWBI: 14.70 (-0.04), TBPH: 22.68 (-0.68), KKD: 20.98 (-0.02), BATS: 26.94 (-0.30)
Northwest Bancshares, Inc. elects Mark A. Paup to Board of Directors
PR Newswire - Thu May 12, 9:56AM CDT
The stockholders of Northwest Bancshares, Inc., the parent company of Northwest Bank, elected Mark A. Paup as a member of its Board of Directors at the company's Annual Meeting of Stockholders on April 20, 2016.
NWBI: 14.70 (-0.04)
Citizens Financial (CFG) Prices $1B Senior Unsecured Notes
Zacks Equity Research - Zacks Investment Research - Wed May 11, 9:12AM CDT
Citizens Financial Group, Inc. (CFG) priced a debt offering by its wholly-owned subsidiary Citizens Bank
NWBI: 14.70 (-0.04), FBC: 24.00 (-0.08), CFG: 22.46 (-0.42), OCFC: 19.07 (+0.39)
Bank Stock Roundup: Q1 Earnings at the Tail End, Restructuring Dominates; Citi & SunTrust in Focus
Zacks Equity Research - Zacks Investment Research - Fri Apr 29, 2:00PM CDT
In the last five trading sessions, the euphoria of Q1 earnings beat was replaced by the continued fundamental weaknesses in banks and a challenging operating scenario.
FITB: 18.53 (-0.20), NWBI: 14.70 (-0.04), COF: 70.04 (-0.83), BBT: 35.92 (-0.26), USB: 41.96 (-0.58), FNFG: 10.52 (-0.12), STI: 42.48 (-0.49), BAC: 13.83 (-0.36), WFC: 48.34 (-0.80), KEY: 12.25 (-0.19), FNB: 13.09 (-0.09), CMA: 44.15 (-1.14)
KeyCorp, Department of Justice, and Federal Reserve Board Agree on First Niagara Branch Divestitures
PR Newswire - Thu Apr 28, 3:19PM CDT
KeyCorp (NYSE: KEY) and First Niagara Financial Group, Inc. (NASDAQ: FNFG) announced today that they have reached an agreement with Northwest Bank, a wholly-owned subsidiary of Northwest Bancshares, Inc. (NASDAQGS: NWBI), to sell 18 branches in the Buffalo Federal Reserve banking market totaling $1.7 billion in deposits and $0.5 billion in loans. Northwest Bank's purchase includes all 18 branches slated for divestiture under Key's agreements with the United States Department of Justice (DOJ) and the Federal Reserve Board, which were entered into in connection with their review of KeyCorp's pending merger with First Niagara. Key will retain its middle market, private banking, municipal and commercial real estate client relationships within this market. The divestiture transaction is subject to the completion of the merger of KeyCorp and First Niagara, which remains subject to regulatory approvals.
NWBI: 14.70 (-0.04), FNFG: 10.52 (-0.12), KEY: 12.25 (-0.19)
Northwest Bancshares posts 1Q profit
Automated Insights - Fri Apr 22, 8:05AM CDT
WARREN, Pa. (AP) _ Northwest Bancshares Inc. (NWBI) on Friday reported first-quarter earnings of $18 million.
NWBI: 14.70 (-0.04)
Northwest Bancshares, Inc. Announces First Quarter 2016 Earnings and Quarterly Dividend
PR Newswire - Fri Apr 22, 8:00AM CDT
Northwest Bancshares, Inc. (NasdaqGS: NWBI) announced net income for the quarter ended March 31, 2016 of $18.0 million, or $0.18 per diluted share. This represents an increase of $1.8 million, or 11.2%, compared to the same quarter last year when net income was $16.2 million, or $0.18 per diluted share. The annualized returns on average shareholders' equity and average assets for the quarter ended March 31, 2016 were 6.21% and 0.81% compared to 6.17% and 0.83% for the same quarter last year.
NWBI: 14.70 (-0.04)
Northwest Bancshares reports Q4 2015 net income of USD16m
M2 - Mon Feb 01, 7:41AM CST
Northwest Bancshares, Inc. (NASDAQGS: NWBI) has reported net income for the quarter ended December 31, 2015 of USD16.2 million, or USD0.16 per diluted share, representing a decrease of USD1.1 million, or 6.6 percent, compared to the same quarter last year when net income was USD17.3 million, or USD0.19 per diluted share, the company said. Annualized returns on average shareholders' equity and average assets for the quarter ended December 31, 2015 were 5.83 percent and 0.77 percent compared to 6.42 percent and 0.88 percent for the same quarter last year. Earnings for the current quarter include acquisition expenses of USD1.3 million relating to the merger of LNB Bancorp, Inc. on August 14, 2015. Excluding the after-tax impact of these expenses, non-GAAP net operating income for the quarter was USD17.1 million, or USD0.17 per diluted share. The non-GAAP annualized returns on average shareholders' equity and average assets for the quarter ended December 31, 2015 were 6.16 percent and 0.82 percent. The company also announced that its board of directors has declared a quarterly cash dividend of USD0.15 per share payable on February 18, 2016, to shareholders of record as of February 4, 2016. This represents a 7.1 percent increase over the prior quarter and is the 85th consecutive quarter in which the company has paid a cash dividend. Net interest income increased by USD8.6 million, or 13.7 percent, to USD71.2 million for the quarter ended December 31, 2015, from USD62.6 million for the quarter ended December 31, 2014. This increase was due primarily to an increase in interest income on loans receivable of USD9.7 million, or 13.6 percent, as a result of internal loan growth of USD304.1 million over the prior year, while the LNB acquisition provided net loans of USD928.1 million. Partially offsetting this increase was a decrease in interest received on tax-free investment securities of USD631,000 and an increase in interest expense of USD504,000 due primarily to the addition of USD1.034 billion in deposits from the LNB acquisition. Noninterest income increased by USD2.3 million, or 13.5 percent, to USD19.5 million for the quarter ended December 31, 2015, from USD17.2 million for the quarter ended December 31, 2014. Net income for the year ended December 31, 2015 of USD60.5 million represents a decrease of USD1.5 million, or 2.3 percent, compared to net income of USD62.0 million for the year ended December 31, 2014. Northwest Bancshares, Inc. is the holding company of Northwest Bank. Founded in 1896, Northwest Bank is a full-service financial institution offering a complete line of business and personal banking products, employee benefits and wealth management services, as well as the fulfillment of business and personal insurance needs.
NWBI: 14.70 (-0.04), LNBB: 19.38 (+0.86)
BUYINS.NET: NWBI SqueezeTrigger Price is $11.99. There is $66,766,680 That Short Sellers Still Need To Cover.
M2 - Tue Jan 26, 9:21AM CST
BUYINS.NET / www.squeezetrigger.com is monitoring Northwest Bancshares Inc (NASDAQ:NWBI) in real time and just received an alert that NWBI is crossing above its primary SqueezeTrigger Price, the price that a short squeeze can start in any stock. There are 5495200 shares that have been shorted at the volume weighted average SqueezeTrigger Price of $11.99. To access SqueezeTrigger Prices ahead of potential short squeezes beginning, visit http://www.squeezetrigger.com .
NWBI: 14.70 (-0.04)
Northwest Bancshares declares 6.6% lower net income for Q4 2015 and 7.1% higher USD0.15 per share quarterly dividend
M2 - Tue Jan 26, 3:36AM CST
Northwest Bancshares Inc (NasdaqGS:NWBI) on Monday reported a net income of USD16.2m or USD0.16 per diluted share for the quarter ended 31 December 2015, reflecting a decrease of USD1.1m or 6.6% compared to the net income of USD17.3m or USD0.19 per diluted share in the same quarter of 2014.
NWBI: 14.70 (-0.04)
Northwest Bancshares, Inc. Announces Fourth Quarter 2015 Earnings and Increase in Quarterly Dividend
PR Newswire - Mon Jan 25, 3:01PM CST
Northwest Bancshares, Inc. (NasdaqGS: NWBI) announced net income for the quarter ended December 31, 2015 of $16.2 million, or $0.16 per diluted share. This represents a decrease of $1.1 million, or 6.6%, compared to the same quarter last year when net income was $17.3 million, or $0.19 per diluted share. The annualized returns on average shareholders' equity and average assets for the quarter ended December 31, 2015 were 5.83% and 0.77% compared to 6.42% and 0.88% for the same quarter last year. Earnings for the current quarter include acquisition expenses of $1.3 million relating to the merger of LNB Bancorp, Inc. ("LNB"
on August 14, 2015. Excluding the after-tax impact of these expenses, non-GAAP net operating income for the quarter was $17.1 million, or $0.17 per diluted share. The non-GAAP annualized returns on average shareholders' equity and average assets for the quarter ended December 31, 2015 were 6.16% and 0.82%.
NWBI: 14.70 (-0.04), LNBB: 19.38 (+0.86)
Northwest Bancshares, Inc. Announces Third Quarter 2015 Earnings and Quarterly Dividend
PR Newswire - Mon Oct 26, 10:40AM CDT
Northwest Bancshares, Inc. (NasdaqGS: NWBI) announced net income for the quarter ended September 30, 2015 of $12.9 million, or $0.13 per diluted share. The annualized returns on average shareholders' equity and average assets for the quarter ended September 30, 2015 were 4.54% and 0.59%. Earnings for the current quarter include acquisition expenses of $7.6 million relating to the merger of LNB Bancorp, Inc. ("LNB" on August 14, 2015. Excluding the after-tax impact of these expenses, non-GAAP net operating income for the quarter was $17.9 million, or $0.19 per diluted share, compared to $17.3 million, or $0.19 per diluted share in the same quarter last year. The non-GAAP annualized returns on average shareholders' equity and average assets for the quarter ended September 30, 2015 were 6.30% and 0.82% compared to 6.43% and 0.87% in the previous year.
NWBI: 14.70 (-0.04), LNBB: 19.38 (+0.86)
Northwest Bancshares (NWBI) Closes LNB Bancorp Merger
Zacks Equity Research - Zacks Investment Research - Mon Aug 17, 2:35PM CDT
Northwest Bancshares, Inc. (NWBI) closed the merger deal with LNB Bancorp, Inc. (LNBB) on Aug 14. The successful completion of this deal has opened gates to the attractive Ohio markets for Northwest Bancshares and will be immediately accretive to its earnings.
NWBI: 14.70 (-0.04), FBC: 24.00 (-0.08), LNBB: 19.38 (+0.86), ANCB: 24.09 (unch)
Northwest Names Bickerton Executive Vice President, Commercial Lending
PR Newswire - Fri Aug 14, 6:07PM CDT
Michael W. Bickerton has been named executive vice president, Commercial Lending of Northwest Bank. Steven G. Fisher, senior executive vice president, chief revenue officer, made the announcement.
NWBI: 14.70 (-0.04)
Northwest Bancshares, Inc. Completes Merger with LNB Bancorp, Inc.
PR Newswire - Fri Aug 14, 5:10PM CDT
Northwest Bancshares, Inc. (NASDAQ: NWBI), the holding company for Northwest Bank, announced today that it has successfully completed its merger with LNB Bancorp, Inc. (NASDAQ: LNBB), the holding company for The Lorain National Bank.
NWBI: 14.70 (-0.04), LNBB: 19.38 (+0.86)
New Strong Buy Stocks for June 10th
Zacks Equity Research - Zacks Investment Research - Fri Jun 10, 7:01AM CDT
New Strong Buy Stocks for June 10th
NWBI: 14.70 (-0.04), FMBH: 25.30 (+0.04), PVG: 8.82 (-0.09), SANM: 28.04 (-0.40)
Technical Coverage on Savings and Loans Equities -- Investors Bancorp, BofI Holding, Astoria Financial and Northwest Bancshares
PR Newswire - Tue Jun 07, 7:10AM CDT
On Monday, June 06, 2016, the NASDAQ Composite ended the trading session at 4,968.71, up 0.53%; the Dow Jones Industrial Average advanced 0.64% to finish at 17,920.33; and the S&P 500 closed at 2,109.41, up 0.49%. The gains were broad based as all the sectors ended the session in positive. ActiveWallSt.com has initiated coverage on the following equities: Investors Bancorp Inc. (NASDAQ: ISBC), BofI Holding Inc. (NASDAQ: BOFI), Astoria Financial Corporation (NYSE: AF), and Northwest Bancshares Inc. (NASDAQ: NWBI). Learn more about these stocks by accessing their free trade alerts at:
BOFI: 18.75 (-0.35), NWBI: 14.70 (-0.04), AF: 15.62 (-0.08), ISBC: 11.64 (-0.14)
The Zacks Analyst Blog Highlights: Fresh Del Monte Produce, Post Holdings, FTI Consulting, BCE and Northwest Bancshares
Zacks Equity Research - Zacks Investment Research - Thu Jun 02, 8:30AM CDT
The Zacks Analyst Blog Highlights: Fresh Del Monte Produce, Post Holdings, FTI Consulting, BCE and Northwest Bancshares
POST: 75.95 (-0.74), NWBI: 14.70 (-0.04), BCE: 46.92 (-0.45), FDP: 54.55 (-0.13), FCN: 42.98 (-0.40)
5 Low Beta Stocks to Tame a Volatile Market
Zacks Equity Research - Zacks Investment Research - Wed Jun 01, 10:52AM CDT
Investors prefer stocks that carry relatively lower downside risk, especially in a volatile market.
POST: 75.95 (-0.74), NWBI: 14.70 (-0.04), BCE: 46.92 (-0.45), FDP: 54.55 (-0.13), FCN: 42.98 (-0.40)
6 Stocks Set to Rise on New Analyst Coverage
Zacks Equity Research - Zacks Investment Research - Tue May 24, 12:09PM CDT
A new coverage on a stock is usually the result of a promising future envisioned by the analyst(s).
AMSC: 8.81 (-0.28), DISCK: 25.26 (-1.03), NWBI: 14.70 (-0.04), TBPH: 22.68 (-0.68), KKD: 20.98 (-0.02), BATS: 26.94 (-0.30)
Northwest Bancshares, Inc. elects Mark A. Paup to Board of Directors
PR Newswire - Thu May 12, 9:56AM CDT
The stockholders of Northwest Bancshares, Inc., the parent company of Northwest Bank, elected Mark A. Paup as a member of its Board of Directors at the company's Annual Meeting of Stockholders on April 20, 2016.
NWBI: 14.70 (-0.04)
Citizens Financial (CFG) Prices $1B Senior Unsecured Notes
Zacks Equity Research - Zacks Investment Research - Wed May 11, 9:12AM CDT
Citizens Financial Group, Inc. (CFG) priced a debt offering by its wholly-owned subsidiary Citizens Bank
NWBI: 14.70 (-0.04), FBC: 24.00 (-0.08), CFG: 22.46 (-0.42), OCFC: 19.07 (+0.39)
Bank Stock Roundup: Q1 Earnings at the Tail End, Restructuring Dominates; Citi & SunTrust in Focus
Zacks Equity Research - Zacks Investment Research - Fri Apr 29, 2:00PM CDT
In the last five trading sessions, the euphoria of Q1 earnings beat was replaced by the continued fundamental weaknesses in banks and a challenging operating scenario.
FITB: 18.53 (-0.20), NWBI: 14.70 (-0.04), COF: 70.04 (-0.83), BBT: 35.92 (-0.26), USB: 41.96 (-0.58), FNFG: 10.52 (-0.12), STI: 42.48 (-0.49), BAC: 13.83 (-0.36), WFC: 48.34 (-0.80), KEY: 12.25 (-0.19), FNB: 13.09 (-0.09), CMA: 44.15 (-1.14)
KeyCorp, Department of Justice, and Federal Reserve Board Agree on First Niagara Branch Divestitures
PR Newswire - Thu Apr 28, 3:19PM CDT
KeyCorp (NYSE: KEY) and First Niagara Financial Group, Inc. (NASDAQ: FNFG) announced today that they have reached an agreement with Northwest Bank, a wholly-owned subsidiary of Northwest Bancshares, Inc. (NASDAQGS: NWBI), to sell 18 branches in the Buffalo Federal Reserve banking market totaling $1.7 billion in deposits and $0.5 billion in loans. Northwest Bank's purchase includes all 18 branches slated for divestiture under Key's agreements with the United States Department of Justice (DOJ) and the Federal Reserve Board, which were entered into in connection with their review of KeyCorp's pending merger with First Niagara. Key will retain its middle market, private banking, municipal and commercial real estate client relationships within this market. The divestiture transaction is subject to the completion of the merger of KeyCorp and First Niagara, which remains subject to regulatory approvals.
NWBI: 14.70 (-0.04), FNFG: 10.52 (-0.12), KEY: 12.25 (-0.19)
Northwest Bancshares posts 1Q profit
Automated Insights - Fri Apr 22, 8:05AM CDT
WARREN, Pa. (AP) _ Northwest Bancshares Inc. (NWBI) on Friday reported first-quarter earnings of $18 million.
NWBI: 14.70 (-0.04)
Northwest Bancshares, Inc. Announces First Quarter 2016 Earnings and Quarterly Dividend
PR Newswire - Fri Apr 22, 8:00AM CDT
Northwest Bancshares, Inc. (NasdaqGS: NWBI) announced net income for the quarter ended March 31, 2016 of $18.0 million, or $0.18 per diluted share. This represents an increase of $1.8 million, or 11.2%, compared to the same quarter last year when net income was $16.2 million, or $0.18 per diluted share. The annualized returns on average shareholders' equity and average assets for the quarter ended March 31, 2016 were 6.21% and 0.81% compared to 6.17% and 0.83% for the same quarter last year.
NWBI: 14.70 (-0.04)
Northwest Bancshares reports Q4 2015 net income of USD16m
M2 - Mon Feb 01, 7:41AM CST
Northwest Bancshares, Inc. (NASDAQGS: NWBI) has reported net income for the quarter ended December 31, 2015 of USD16.2 million, or USD0.16 per diluted share, representing a decrease of USD1.1 million, or 6.6 percent, compared to the same quarter last year when net income was USD17.3 million, or USD0.19 per diluted share, the company said. Annualized returns on average shareholders' equity and average assets for the quarter ended December 31, 2015 were 5.83 percent and 0.77 percent compared to 6.42 percent and 0.88 percent for the same quarter last year. Earnings for the current quarter include acquisition expenses of USD1.3 million relating to the merger of LNB Bancorp, Inc. on August 14, 2015. Excluding the after-tax impact of these expenses, non-GAAP net operating income for the quarter was USD17.1 million, or USD0.17 per diluted share. The non-GAAP annualized returns on average shareholders' equity and average assets for the quarter ended December 31, 2015 were 6.16 percent and 0.82 percent. The company also announced that its board of directors has declared a quarterly cash dividend of USD0.15 per share payable on February 18, 2016, to shareholders of record as of February 4, 2016. This represents a 7.1 percent increase over the prior quarter and is the 85th consecutive quarter in which the company has paid a cash dividend. Net interest income increased by USD8.6 million, or 13.7 percent, to USD71.2 million for the quarter ended December 31, 2015, from USD62.6 million for the quarter ended December 31, 2014. This increase was due primarily to an increase in interest income on loans receivable of USD9.7 million, or 13.6 percent, as a result of internal loan growth of USD304.1 million over the prior year, while the LNB acquisition provided net loans of USD928.1 million. Partially offsetting this increase was a decrease in interest received on tax-free investment securities of USD631,000 and an increase in interest expense of USD504,000 due primarily to the addition of USD1.034 billion in deposits from the LNB acquisition. Noninterest income increased by USD2.3 million, or 13.5 percent, to USD19.5 million for the quarter ended December 31, 2015, from USD17.2 million for the quarter ended December 31, 2014. Net income for the year ended December 31, 2015 of USD60.5 million represents a decrease of USD1.5 million, or 2.3 percent, compared to net income of USD62.0 million for the year ended December 31, 2014. Northwest Bancshares, Inc. is the holding company of Northwest Bank. Founded in 1896, Northwest Bank is a full-service financial institution offering a complete line of business and personal banking products, employee benefits and wealth management services, as well as the fulfillment of business and personal insurance needs.
NWBI: 14.70 (-0.04), LNBB: 19.38 (+0.86)
BUYINS.NET: NWBI SqueezeTrigger Price is $11.99. There is $66,766,680 That Short Sellers Still Need To Cover.
M2 - Tue Jan 26, 9:21AM CST
BUYINS.NET / www.squeezetrigger.com is monitoring Northwest Bancshares Inc (NASDAQ:NWBI) in real time and just received an alert that NWBI is crossing above its primary SqueezeTrigger Price, the price that a short squeeze can start in any stock. There are 5495200 shares that have been shorted at the volume weighted average SqueezeTrigger Price of $11.99. To access SqueezeTrigger Prices ahead of potential short squeezes beginning, visit http://www.squeezetrigger.com .
NWBI: 14.70 (-0.04)
Northwest Bancshares declares 6.6% lower net income for Q4 2015 and 7.1% higher USD0.15 per share quarterly dividend
M2 - Tue Jan 26, 3:36AM CST
Northwest Bancshares Inc (NasdaqGS:NWBI) on Monday reported a net income of USD16.2m or USD0.16 per diluted share for the quarter ended 31 December 2015, reflecting a decrease of USD1.1m or 6.6% compared to the net income of USD17.3m or USD0.19 per diluted share in the same quarter of 2014.
NWBI: 14.70 (-0.04)
Northwest Bancshares, Inc. Announces Fourth Quarter 2015 Earnings and Increase in Quarterly Dividend
PR Newswire - Mon Jan 25, 3:01PM CST
Northwest Bancshares, Inc. (NasdaqGS: NWBI) announced net income for the quarter ended December 31, 2015 of $16.2 million, or $0.16 per diluted share. This represents a decrease of $1.1 million, or 6.6%, compared to the same quarter last year when net income was $17.3 million, or $0.19 per diluted share. The annualized returns on average shareholders' equity and average assets for the quarter ended December 31, 2015 were 5.83% and 0.77% compared to 6.42% and 0.88% for the same quarter last year. Earnings for the current quarter include acquisition expenses of $1.3 million relating to the merger of LNB Bancorp, Inc. ("LNB"
on August 14, 2015. Excluding the after-tax impact of these expenses, non-GAAP net operating income for the quarter was $17.1 million, or $0.17 per diluted share. The non-GAAP annualized returns on average shareholders' equity and average assets for the quarter ended December 31, 2015 were 6.16% and 0.82%. NWBI: 14.70 (-0.04), LNBB: 19.38 (+0.86)
Northwest Bancshares, Inc. Announces Third Quarter 2015 Earnings and Quarterly Dividend
PR Newswire - Mon Oct 26, 10:40AM CDT
Northwest Bancshares, Inc. (NasdaqGS: NWBI) announced net income for the quarter ended September 30, 2015 of $12.9 million, or $0.13 per diluted share. The annualized returns on average shareholders' equity and average assets for the quarter ended September 30, 2015 were 4.54% and 0.59%. Earnings for the current quarter include acquisition expenses of $7.6 million relating to the merger of LNB Bancorp, Inc. ("LNB"
on August 14, 2015. Excluding the after-tax impact of these expenses, non-GAAP net operating income for the quarter was $17.9 million, or $0.19 per diluted share, compared to $17.3 million, or $0.19 per diluted share in the same quarter last year. The non-GAAP annualized returns on average shareholders' equity and average assets for the quarter ended September 30, 2015 were 6.30% and 0.82% compared to 6.43% and 0.87% in the previous year. NWBI: 14.70 (-0.04), LNBB: 19.38 (+0.86)
Northwest Bancshares (NWBI) Closes LNB Bancorp Merger
Zacks Equity Research - Zacks Investment Research - Mon Aug 17, 2:35PM CDT
Northwest Bancshares, Inc. (NWBI) closed the merger deal with LNB Bancorp, Inc. (LNBB) on Aug 14. The successful completion of this deal has opened gates to the attractive Ohio markets for Northwest Bancshares and will be immediately accretive to its earnings.
NWBI: 14.70 (-0.04), FBC: 24.00 (-0.08), LNBB: 19.38 (+0.86), ANCB: 24.09 (unch)
Northwest Names Bickerton Executive Vice President, Commercial Lending
PR Newswire - Fri Aug 14, 6:07PM CDT
Michael W. Bickerton has been named executive vice president, Commercial Lending of Northwest Bank. Steven G. Fisher, senior executive vice president, chief revenue officer, made the announcement.
NWBI: 14.70 (-0.04)
Northwest Bancshares, Inc. Completes Merger with LNB Bancorp, Inc.
PR Newswire - Fri Aug 14, 5:10PM CDT
Northwest Bancshares, Inc. (NASDAQ: NWBI), the holding company for Northwest Bank, announced today that it has successfully completed its merger with LNB Bancorp, Inc. (NASDAQ: LNBB), the holding company for The Lorain National Bank.
NWBI: 14.70 (-0.04), LNBB: 19.38 (+0.86)
