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WesBanco Announces Second Quarter and First Half of 2006 Results
WHEELING, W.Va., July 19 /PRNewswire-FirstCall/ -- Paul M. Limbert, President and Chief Executive Officer of WesBanco, Inc., WSBC a Wheeling, West Virginia based multi-state bank holding company, today announced earnings for the second quarter and six months ended June 30, 2006.
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Northwest Bancorp, Inc. Announces Quarterly Earnings and Increased ...
WARREN, Pa., July 24 /PRNewswire-FirstCall/ -- Northwest Bancorp, Inc. (Nasdaq: NWSB - News) announced net income for the quarter ended June 30, 2006 of $13.0 million, or $0.26 per diluted share. This represents a decrease of $900,000, or 6.1%, over the same quarter last year when net income was $13.9 million, or $0.27 per diluted share. This decrease resulted primarily from a reduction in net interest income. Net interest income decreased primarily from the impact of issuing additional trust preferred securities in December 2005, the proceeds of which were temporarily invested at a negative spread in short-term investments. These funds will be used to pay off other seasoned trust preferred securities that carry above-market rates of interest and are callable in December of 2006.
The results currently being released represent the results of the Company's second fiscal quarter.