WARREN, Pa. (AP) _ Northwest Bancshares Inc. (NWBI) on Monday reported third-quarter earnings of $38.1 million.

On a per-share basis, the Warren, Pennsylvania-based company said it had profit of 30 cents. Earnings, adjusted for non-recurring costs, came to 32 cents per share.

The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 26 cents per share.

The holding company for Northwest Savings Bank posted revenue of $150.1 million in the period. Its adjusted revenue was $140.2 million, which also beat Street forecasts. Four analysts surveyed by Zacks expected $135.4 million.

Northwest Bancshares shares have decreased 36% since the beginning of the year. The stock has decreased 38% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NWBI at https://www.zacks.com/ap/NWBI

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