Northwest Bancshares, Inc. announced consolidated earnings results for the fourth quarter and full year ended December 31, 2013. For the quarter, the company announced total interest income of $76,854,000 compared to $83,320,000 for the same period a year ago. Net interest income was $62,049,000 compared to $66,280,000 for the same period a year ago. Income before income taxes was $29,452,000 compared to $22,365,000 for the same period a year ago. Net income was $20,363,000 compared to $16,325,000 for the same period a year ago. Basic and diluted earnings per share were $0.22 compared to $0.18 for the same period a year ago. Annualized return on average equity was 7.06% compared to 5.65% for the same period a year ago. Annualized return on average assets was 1.02% compared to 0.81% for the same period a year ago. Net interest income decreased, as decreases in interest income on loans receivable and investment securities of $5.5 million and $816,000, respectively, were partially offset by a $2.1 million decrease in interest paid on deposit accounts.

For the full year, the company announced total interest income of $313,038,000 compared to $338,038,000 for the same period a year ago. Net interest income was $251,876,000 compared to $262,839,000 for the same period a year ago. Income before income taxes was $93,070,000 compared to $89,928,000 for the same period a year ago. Net income was $66,739,000 compared to $63,560,000 for the same period a year ago. Diluted earnings per share were $0.73 compared to $0.68 for the same period a year ago. Annualized return on average equity was 5.88% compared to 5.48% for the same period a year ago. Annualized return on average assets was 0.84% compared to 0.79% for the same period a year ago.

For the fourth quarter ended December 31, 2013, the company announced net impairment losses of $713,000. Net charge-offs were $5.5 million compared to $6.1 million for the same quarter last year.