Northwest Bancshares reports Q2 adjusted EPS 30c, consensus 28c

Reports Q2 net charge-offs to average loans, annualized 0.18% vs. 0.07% last year and 0.08% in the previous quarter. Louis J. Torchio, President and CEO, Northwest Bancshares (NWBI) commented, “I am pleased with our performance in the Q2, as we continue to execute our strategy, delivering on our commitment to sustainable, responsible and profitable growth. Overall, we built on our strong start to the year, with net interest margin expansion and revenue growth, and we continued to exercise prudent expense control, resulting in further improvements in our efficiency ratio.”