Northwest Bancshares Inc. (NWBI) reported a profit for its fourth quarter that increased from last year and beat the Street estimates.
The company's earnings came in at $32.75 million, or $0.26 per share. This compares with $29.01 million, or $0.23 per share, last year.
Excluding items, Northwest Bancshares Inc. reported adjusted earnings of $34.80 million or $0.27 per share for the period.
Analysts on average had expected the company to earn $0.25 per share. Analysts' estimates typically exclude special items.
Northwest Bancshares Inc. earnings at a glance (GAAP) :
-Earnings: $32.75 Mln. vs. $29.01 Mln. last year.
-EPS: $0.26 vs. $0.23 last year.
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