Northwest Bancshares Announces Q4 2022 Earnings, Dividend
COLUMBUS, Ohio, — Northwest Bancshares, Inc. has announced net income for the quarter ended December 31, 2022 of $34.6 million, or $0.27 per diluted share. This represents an increase of $4.6 million, or 15.3%, compared to the same quarter last year, when net income was $30.1 million, or $0.24 per diluted share. Northwest Bancshares’ Board of Directors declared a quarterly cash dividend of $0.20 per share payable…
Great Lake Banker MagazineMarquette National Declares Dividend, Announces Common Stock Repurchase Program
CHICAGO, — The Board of Directors of Marquette National Corporation has declared a cash dividend of $0.28 per share. The dividend will be payable on April 3, 2023 to shareholders of record on March 17, 2023. The Company also announced that its Board of Directors authorized the repurchase of up to $1,000,000 of its outstanding common stock at prevailing market prices through open market…
Lakeland Financial Reports Q4, Year-End Performance
WARSAW, Ind., — Lakeland Financial Corporation, parent company of Lake City Bank, has reported record full year net income of $103.8 million, which represents an increase of $8.1 million, or 8%, compared with net income of $95.7 million for 2021. The company further reported quarterly net income of $26.0 million for the three months ended…
Farmers National Reports Q4 Results
CANFIELD, Ohio — Farmers National Banc Corp. has reported net income of $13.4 million for the three months ended December 31, 2022 compared to $5.7 million for the three months ended December 31, 2021. Net income for the twelve months ended December 31, 2022, totaled $60.6 million compared to $51.8 million for the twelve months ended…
Huntington Bancshares Reports Q4 Results, Declares Dividend
COLUMBUS, Ohio, — Huntington Bancshares Incorporated reported net income for the 2022 fourth quarter of $645 million, or $0.42 per common share, an increase of $244 million, or $0.16 per common share from the year-ago quarter. “We are very pleased with our outstanding financial performance for the fourth quarter which included the fourth consecutive quarter of record PPNR,” said Steve Steinour, chairman, president…
Merchants Bancorp Reports 2022 and Q4 Results
CARMEL, Ind., — Merchants Bancorp, parent company of Merchants Bank of Indiana, has reported fourth quarter 2022 net income of $57.2 million, or diluted earnings per common share of $1.12. This compared to $55.2 million, or diluted earnings per common share of $1.14 in the fourth quarter of 2021, and compared to $58.5 million, or diluted earnings per common share of $1.22 in the…
First Merchants Reports Q4 and 2022 Results
MUNCIE, Ind., — First Merchants Corporation (the “Corporation) has reported fourth quarter 2022 net income available to common stockholders of $70.3 million compared to $47.7 million during the same period in 2021. Full year 2022 net income available to common stockholders was $220.7 million compared to $205.5 million in 2021. Mark Hardwick, Chief Executive Officer,…
CNB Community Bancorp Reports 2022 Results
HILLSDALE, Mich., — CNB Community Bancorp, Inc., the parent company of County National Bank, has announced earnings for the three months and twelve months ended December 31, 2022. Earnings during the fourth quarter of 2022 totaled $3.1 million, an increase of $901,000 from the $2.2 million earned during the three months ended December 31, 2021….
Mercantile Bank Announces Strong Q4 and Year-End 2022 Results
GRAND RAPIDS, Mich., — Mercantile Bank Corporation has reported net income of $21.8 million, or $1.37 per diluted share, for the fourth quarter of 2022, compared with net income of $11.6 million, or $0.74 per diluted share, for the respective prior-year period. For the full-year 2022, Mercantile reported net income of $61.1 million, or $3.85 per diluted share, compared with net income of $59.0 million, or $3.69 per…
Northeast Indiana Bancorp Reports Q4 and 2022 Results
HUNTINGTON, Ind., — Northeast Indiana Bancorp, Inc., the parent company of First Federal Savings Bank, has announced net income for the full year of 2022 was $6.6 million, or $5.46 per diluted common share, compared to net income of $7.3 million, or $6.08 per diluted common share for the full year of 2021. Net income for the fourth quarter ended December 31, 2022 was $1.6…