Northwest Bancshares: Q3 Earnings Snapshot

COLUMBUS, Ohio (AP) — COLUMBUS, Ohio (AP) — Northwest Bancshares Inc. (NWBI) on Monday reported third-quarter profit of $50.7 million.

On a per-share basis, the Columbus, Ohio-based company said it had net income of 34 cents. Earnings, adjusted for one-time gains and costs, were 35 cents per share.

The results met Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was also for earnings of 35 cents per share.

The holding company for Northwest Savings Bank posted revenue of $246.1 million in the period. Its adjusted revenue was $185.7 million, beating Street forecasts. Five analysts surveyed by Zacks expected $183.9 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