Three banks with midstate operations recently reported first-quarter results.
Franklin Financial Services Corp. of Chambersburg on Monday reported earnings of $1.37 million, or 34 cents per diluted share, for the quarter, compared with $1.85 million, or 47 cents per diluted share, in the first quarter of 2011.
Analyst estimates were not available from Yahoo Finance.
Franklin is the parent company of F&M Trust Co., which has eight midstate branches. Its shares trade over the counter under the ticker symbol FRAF.
• • •
Metro Bancorp Inc. of Swatara Township on Monday reported earnings of $2.7 million, or 19 cents per diluted share, for the quarter, compared with $1.5 million, or 11 cents per diluted share, in the first quarter of 2011.
Analysts had expected earnings of 13 cents per diluted share, according to Yahoo Finance.
Metro is the parent company of Metro Bank. Its shares are traded on the Nasdaq under the ticker symbol METR.
• • •
Northwest Bancshares Inc. of Warren on Monday reported earnings of $15.2 million, or 16 cents per diluted share, for the quarter, compared with $17.3 million, or 16 cents per diluted share in the first quarter of 2011.
Analysts had expected earnings of 17 cents per diluted share, according to Yahoo Finance.
Northwest is the parent company of Northwest Savings Bank, which has 20 midstate branches. Its shares are traded on the Nasdaq under the ticker symbol NWBI.
