This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Northwest On Bank Honor Roll For Third Year

WARREN, Pa., April 24, 2013 /PRNewswire/ -- Northwest Bancshares, Inc., (Nasdaq Global Select Market: NWBI), parent company of Northwest Savings Bank, has been named to the "Bank Honor Roll" of superior performers by KBW, Inc., a full-service investment bank that specializes in the financial services sector. Northwest is one of only 47 U.S. banking institutions to be named to the list.

KBW screened nearly 400 publicly-traded banking companies with assets of more than $500 million to assemble the list. To merit Honor Roll status, banks must meet three conditions.

1) They cannot have reported any annual loss in net income per share before extraordinary items over the past 10 years;

2) Their 2012 annual reported net income per share before extraordinary items must be equal to or greater than their peak net income per share over the past 10 years; and

3) They must show consecutive increases in net income per share before extraordinary items since 2009.

This is the third consecutive year that KBW has selected Northwest Bancshares, Inc. to be on the Bank Honor Roll.

Northwest's President and CEO, William J. Wagner, noted, "Given the challenges the banking industry has faced over the past years, our Directors, officers and employees are proud to be recognized for the strong operating performance we achieved during such a tumultuous time. We thank KBW for this honor and we remain committed to improving our value proposition for employees, customers, communities and shareholders."

Northwest Bancshares, Inc. operates Northwest Savings Bank, a community bank with assets of $8 billion and a network of 166 banking locations in Pennsylvania, New York, Ohio, and Maryland.

SOURCE Northwest Bancshares, Inc.

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 17,826.30 -279.47 -1.54%
S&P 500 2,081.18 -23.81 -1.13%
NASDAQ 4,931.8150 -75.9760 -1.52%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs