Northwest Bancshares Inc. Q4 Profit Increases, Beats Estimates

(RTTNews) - 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.