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Metro, Codorus Valley, Northwest, PNC Financial report Q2 earnings

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Four financial companies with midstate headquarters or operations recently reported second-quarter earnings.

Metro Bancorp Inc. today reported net income of $4 million, or 28 cents per diluted share, for the second quarter of 2013, compared with net income of $2.8 million, or 19 cents per diluted share, in the second quarter of 2012.

The result represents an all-time company high for quarterly net income, Metro said in a statement. Analysts had expected earnings of 25 cents per share, according to Yahoo Finance.

Metro, based in Swatara Township, is the parent company of Metro Bank. Its shares trade on the Nasdaq under the ticker symbol METR.

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Codorus Valley Bancorp Inc. last week reported net income of $2.6 million, or 56 cents per diluted share, compared with net income of $2.7 million, or 60 cents per diluted share, in the second quarter of 2012.

Yahoo Finance did not report any analysts' projections of Codorus Valley's earnings.

Codorus Valley, based in York Township, is the parent company of PeoplesBank, a Codorus Valley Co. Its shares trade on the Nasdaq under the ticker symbol CVLY.

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PNC Financial Services Group Inc. last week reported net income of $1.1 billion, or $1.99 per diluted share, compared with net income of $1 billion, or $1.76 per diluted share, in the second quarter of 2012.

Analysts had predicted earnings of $1.63, according to Yahoo Finance.

PNC, based in Pittsburgh, is the parent company of PNC Bank. Its shares trade on the New York Stock Exchange under the ticker symbol PNC.

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Northwest Bancshares Inc. today reported net income of $13.5 million, or 15 cents per diluted share, compared with net income of $16.4 million, or 17 cents per diluted share, in the second quarter of 2012.

Analysts expected 18 cents per share, according to Yahoo Finance.

Northwest, based in Warren, is the parent company of Northwest Savings Bank. Its shares trade on the Nasdaq under the ticker symbol NWBI.

Jason Scott

Jason Scott

Jason Scott covers state government, real estate and construction, media and marketing, and Dauphin County. Have a tip or question for him? Email him at jasons@cpbj.com. Follow him on Twitter, @JScottJournal. Circle Jason Scott on .

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