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Northwest Bancshares Net Income Down, Deposits Up

Net income at Northwest Bancshares Inc. is down $5 million in the third quarter of 2024 compared to the third quarter of 2023. The company, headquartered in Columbus, Ohio, finished the quarter with net income of $34 million. Net income was $39 million in the third quarter of 2023. But bank officials note net income increased from the second quarter of 2024 ($5 million). Average loans receivable increased $33 million in the third quarter of 2024 compared to the third quarter of 2023 largely driven by the company’s commercial banking portfolio, which grew by $456 million in ...

After 127 Years, Smucker’s Has Moved Beyond Jam

Smucker’s Uncrustables – the pillowy peanut butter and jelly sandwiches found in the frozen aisle – could soon hit $1 billion in annual sales. To keep up with demand, J.M. Smucker Co. will soon open a third Uncrustables plant. It almost didn’t happen. The product lost money for more than a decade after the company bought the Unscrustables brand in 1998, Chairman, President and CEO Mark Smucker said. The manufacturer once known only for its jellies and jams spent years trying to figure out how to mass produce the stretchy, hole-free bread used in the crust-free sandwiches. For ...

Increased Spending

NEW YORK (AP) — The largest retail trade group in the United States said Tuesday that it expects consumers to spend more during the upcoming holiday shopping season but the growth in sales to be slower than last year due to concerns over persistent inflation and prices. The National Retail ...

Shults Auto Group Hosts Food Bank Fundraiser

Shults Auto Group will hold a fundraiser for the local Salvation Army food bank through Nov. 25. For every car sold during its Harvest The Savings drive Shults Auto Group will donate $50 to the local Salvation Army Food Bank. “We are committed to making a positive impact in our community,” said Tim Shults, president of Shults Auto Group. “This initiative not only provides great savings for our customers but also helps fill the shelves of the Salvation Army Food Bank as they work tirelessly to support families in need.” In addition to car sales, community members can ...

Expect Employers To Get More Picky About Who You See For Care

A health care spending surge looms in the new year, and Business Group on Health is helping employers understand it. The nonprofit found in a recent survey that large employers expect the cost to treat patients will jump nearly 8% next year before they make coverage changes to address it. That’s the highest growth rate in a decade. Business Group on Health CEO Ellen Kelsay expects employers to react by being more selective about the care that people receive. They also will try to manage the use of expensive treatments for obesity and diabetes. Kelsay’s nonprofit advises ...