Northwest Bancshares, Inc. reported unaudited consolidated financial results for the fourth quarter and full year ended December 31, 2016. The company announced net income for the quarter ended December 31, 2016 of $24.5 million, or $0.24 per diluted share. This represents an increase of $8.3 million, or 51.3%, compared to the same quarter last year when net income was $16.2 million or $0.16 per diluted share. The annualized returns on average shareholders' equity and average assets for the quarter ended December 31, 2016 were 8.37% and 1.01% compared to 5.55% and 0.73% for the same quarter last year. Net interest income increased by $11.7 million, or 16.6%, to $82.9 million for the quarter ended December 31, 2016, from $71.2 million for the quarter ended December 31, 2015. This increase is due primarily to a $4.8 million, or 5.9%, increase in interest income on loans and a $6.8 million, or 84.7% decrease in interest expense on borrowed funds. Total interest income was $90,033,000 against $85,639,000 for the same period of last year. Income before income taxes was $36,855,000 against $24,877,000 for the same period of last year. Annualized return on tangible common equity was 11.73% against 7.20% for the same period of last year. Net operating income (non-GAAP) was $25,140,000 against $17,113,000 for the same period of last year. Diluted earnings per share (non-GAAP) was $0.25 against $0.17 for the same period of last year. Annualized ROE (non-GAAP) was 8.59% against 5.86% for the same period of last year. Annualized ROA (non-GAAP) was 1.04% against 0.76% for the same period of last year. Net income for the year ended December 31, 2016 was $49.7 million, or $0.49 per diluted share, which represents a decrease of $10.8 million, or 18.0%, compared to the year ended December 31, 2015, when net income was $60.5 million, or $0.64 per diluted share. The annualized returns on average shareholders' equity and average assets for the year ended December 31, 2016 were 4.28% and 0.55%, respectively, compared to 5.49% and 0.73% for the same period last year. This decrease is due primarily to a $37.0 million penalty incurred from the prepayment of FHLB borrowings, acquisition and restructuring expenses of $12.2 million, and ESOP termination expense of $5.1 million. Non-GAAP net operating income for the year ended December 31, 2016, which excludes the after-tax impact of the aforementioned FHLB prepayment penalty, restructuring and acquisition expenses, and ESOP termination expenses totaling $34.7 million, was $84.3 million, or $0.84 per diluted share. This represents an increase of $17.3 million, or 25.8%, compared to the year ended December 31, 2015 with non-GAAP net operating income of $67.0 million, or $0.71 per diluted share. The non-GAAP annualized returns on average shareholders' equity and average assets for the year ended December 31, 2016 were 7.27% and 0.93%, respectively, compared to 6.08% and 0.80% for the same period last year. Total interest income was $345,634,000 against $319,580,000 for the same period of last year. Net interest income was $307,335,000 against $263,253,000 for the same period of last year. Income before income taxes was $71,315,000 against $88,500,000 for the same period of last year. Annualized return on tangible common equity was 5.98% against 6.78% for the same period of last year.