Google Plus Facebook LinkedIn Twitter Vimeo RSS

National Penn, Susquehanna Bank, Amazon, UPS report Q3 results

By ,

Two midstate banks and two companies with large facilities in Central Pennsylvania have reported third-quarter results.

Boyertown-based National Penn Bancshares Inc. reported net income of $24.6 million, or $0.17 per diluted share, for Q3, compared with $25 million for Q2.

National Penn had a stable net interest margin of 3.51 percent for the first nine months of 2013, equal to the first nine months of 2012. Year-to-date 2013, the cost of interest-bearing liabilities has been reduced from 0.87 percent to 0.54 percent. The company reported that loans increased modestly in the third quarter of 2013, and classified loans declined 7 percent in Q3 2013 and 26 percent over the last twelve months.

National Penn’s board declared a Q4 2013 cash dividend of 10 cents per common share payable on Nov. 15. The company trades its shares on the Nasdaq under the ticker symbol NPBC.


Susquehanna Bancshares Inc., parent of Lancaster County-based Susquehanna Bank, reported that it earned Q3 net income of $44.3 million, or $0.24 per diluted share, compared with $36.7 million for Q3 2012. Net income for the first nine months of 2013 was $132.3 million, compared with $98.0 million for the same period in 2012.

Loans and leases increased $218.7 million or 1.7 percent from Q2 to Q3, and total deposits decreased $42.5 million or 0.3 percent. Net interest margin decreased 20 basis points to 3.72 percent, compared with 3.92 percent for Q3 2012.

On Oct. 16, Susquehanna’s board declared a Q4 dividend of $0.08 per common share, payable Nov. 20.

Lititz-based Susquehanna trades its stocks on the Nasdaq under the ticker symbol SUSQ.


Seattle-based Inc., which has a significant presence in Central Pennsylvania, reported that net sales increased 24 percent to $17.09 billion in Q3, compared with $13.81 billion in Q3 2012. Its net loss was $41 million, or $0.09 per diluted share, compared with a net loss of $274 million in Q3 2012 -- which included a loss of $169 million related to its equity-method share of the losses reported by LivingSocial.

Amazon’s operating cash flow increased 48 percent to $4.98 billion for the trailing 12 months, compared with $3.37 billion for the trailing 12 months ending Q3 2012.

Amazon trades its stocks on the Nasdaq under the ticker symbol AMZN.


UPS announced diluted earnings per share of $1.16 for Q3 2013, a 9.4 percent improvement over adjusted results for the same period last year. Total revenue was $13.5 billion, up 3.4 percent driven primarily by U.S. e-commerce shipments and strong European export growth.

U.S. domestic Q3 operating profit was $1.2 billion, up nearly 16 percent, and operating margin expanded 140 basis points over the prior year adjusted result, to 14.4 percent. Revenue increased 5 percent to $8.3 billion.

For the nine months ended Sept. 30, UPS generated $3.6 billion in free cash flow after capital expenditures of $1.6 billion. The company paid dividends of $1.7 billion, an increase of nearly 9 percent per share over the prior year, and repurchased 33 million shares for $2.9 billion.

UPS trades on the New York Stock Exchange under the ticker symbol UPS.

More From This Industry

Write to the Editorial Department at

Leave a Comment


Please note: All comments will be reviewed and may take up to 24 hours to appear on the site.

Post Comment
View Comment Policy