trending Market Intelligence /marketintelligence/en/news-insights/trending/h7yRI70hrGpqwW0URCVl8A2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Northwest Bancshares Q3 net income jumps 20.5% YOY

StreetTalk – Episode 70: Banks' Liquidity Conundrum Could Fuel M&A Activity

Street Talk Episode 70 - Banks' Liquidity Conundrum Could Fuel M&A Activity

StreetTalk – Episode 69: Banks left with pockets full of cash and few places to go

Street Talk – Episode 69: Banks left with pockets full of cash and few places to go


Northwest Bancshares Q3 net income jumps 20.5% YOY

Northwest Bancshares Inc. reported third-quarter net income of $33.4 million, or 31 cents per share, jumping 20.5% from $27.7 million, or 27 cents per share, a year ago.

Total deposits at the end of the third quarter amounted to $8.68 billion, up from $7.95 billion a year ago.

Total loans receivable at the end of the third quarter stood at $8.85 billion, up from $8.00 billion a year ago.

Net interest income for the third quarter was $90.9 million, down from $92.6 million in the preceding quarter, but higher than the $85.8 million in the year-ago quarter.

Net interest margin was pegged at 3.79% for the third quarter, compressing from 3.91% in the second quarter and 3.92% in the same quarter last year. The inverted yield curve was the primary driver behind the lower margin, according to the company.

Allowance for loan losses was $52.9 million as of Sept. 30, compared with $53.1 million as of June 30 and $56.0 million a year ago.

Net charge-offs to average loans, on an annualized basis, was 0.16% as of Sept. 30, compared with 0.34% as of June 30 and 0.42% at the end of the year-ago quarter.