COLUMBUS, Ohio (AP) — COLUMBUS, Ohio (AP) — Northwest Bancshares Inc. (NWBI) on Friday reported fourth-quarter net income of $32.8 million.
On a per-share basis, the Columbus, Ohio-based company said it had net income of 26 cents. Earnings, adjusted for one-time gains and costs, came to 27 cents per share.
The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 26 cents per share.
The holding company for Northwest Savings Bank posted revenue of $210.8 million in the period. Its adjusted revenue was $154.3 million.
For the year, the company reported profit of $100.3 million, or 79 cents per share. Revenue was reported as $522.6 million.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NWBI at https://www.zacks.com/ap/NWBI
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.