Northwest Bancshares, Inc. (NWBI) 2011年年度报告「NASDAQ」.pdf

1、loyaltyvaluetrust2011 Summary Annual Report Northwest Savings BankJ.D.Power and Associates CelebrationWarren,Pennsylvania June,2011“Highest Customer Satisfaction with Retail Banking in the Mid-Atlantic Region,Two Years in a Row”Summary Annual Report Dear Shareholders of Northwest Bancshares,Inc.,On

2、behalf of the Board of Directors,officers,and staff of our Company,I am pleased to report on another year of progress.During 2011,we posted record earnings,realized modest loan growth,and made substantial improvement in the mix of our loans and deposits.While asset quality continues to be a challeng

3、e,we realized a meaningful reduction in nonperforming assets for the first time in three years.Investors appear to have recognized our progress as our stock continued to perform better than the bank stock index and the stock market in general.Building Loyalty,Trust,and ValueBuilding Loyalty,Trust,an

4、d Value2During 2011,we posted record earnings,realized modest loan growth,and made substantial improvement in the mix of our loans and deposits.EARNINGSEarnings for 2011 were$64.1 million,or$.64 per share,compared to$57.5 million,or$.53 per share,in 2010.This substantial increase resulted primarily

5、from an increase in net interest margin of$9.6 million and a$6.3 million decrease in the provision for loan losses.Partially offsetting these improvements were a decrease in noninterest income of$2.3 million and an increase in noninterest expense of$3.7 million.Net interest income improved during a

6、time of historically low interest rates and an extremely flat yield curve.This improvement was due to our success in achieving greater concentrations of higher-yielding commercial loans and lower-cost checking accounts.Noninterest income decreased primarily due to the impact of regulations on the fe