Northwest Bancshares Inc (NWBI) Earnings

Northwest Bancshares, Inc. is a holding company, which engages in the provision of a complete line of business and personal banking products, as well as treasury management solutions, and wealth management services. The company is headquartered in Columbus, Ohio and currently employs 1,884 full-time employees. Northwest Bank is a Pennsylvania-chartered savings bank. The Bank is a community-oriented financial institution offering personal and commercial banking solutions, investment management and trust services. The Bank operates approximately 141 community-banking locations throughout its market area in Pennsylvania, western New York, eastern Ohio, and Indiana. Its principal lending activities are the origination of loans secured by first mortgages on owner-occupied, one-to-four-family residences, shorter-term consumer loans, and commercial business and commercial real estate loans. The company offers other consumer loans, such as direct and indirect automobile loans, sales finance loans, credit card loans, and others. Its principal sources of funds are personal and business deposits, borrowed funds and the principal and interest payments on loans and marketable securities.