Northwest Bancshares

Northwest Bancshares, Inc. is a holding company. It offers personal & business banking products including employee benefits, investment management services, insurance and trust. It engages in collecting deposits and making loans secured by various types of collateral, including real estate and other assets. The company was founded on June 29, 2001 and is headquartered in Warren, PA.

Earnings data Q1 2021

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Earnings data Q1 2024

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Earnings data Q3 2024

Earnings data Q4 2024

Northwest Bancshares reports solid Q2 performance amidst strategic initiatives

Northwest Bancshares demonstrated resilience and strategic foresight in navigating challenges and leveraging opportunities to drive financial performance.
The bank's strong credit quality, improved net interest margin, and focus on shareholder value highlight its commitment to sustainable growth and profitability.
While facing challenges such as market competition and economic uncertainties, Northwest Bancshares remains well-positioned to capitalize on opportunities for expansion and revenue generation.

Northwest Bancshares reports solid Q3 performance amidst growth opportunities

Northwest Bancshares showcased strong financial fundamentals with a focus on operational efficiency and revenue growth.
While facing challenges in noninterest income and deposit growth, the company remains well-positioned for future opportunities.
Anticipated focus on responsible loan growth and cost management highlights a strategic approach to sustainable performance.

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Northwest Bancshares, Inc. is a holding company, which engages in the provision of a complete line of business and personal banking products, as well as treasury management solutions, and wealth management services. The company was founded in 1896 and is headquartered in Columbus, OH.

Northwest Bancshares (NWBI) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

Northwest Bancshares (NWBI) Upgraded to Strong Buy: What Does It Mean for the Stock?

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COLUMBUS, Ohio , Dec. 17, 2024 /PRNewswire/ -- Northwest Bancshares, Inc. ("Northwest") (NASDAQ: NWBI) the bank holding company for Northwest Bank, and Penns Woods Bancorp, Inc. ("Penns Woods") (NASDAQ: PWOD), the multi-bank holding company of Jersey Shore State Bank and Luzerne Bank,  jointly announced today that they have entered into a definitive Agreement and Plan of Merger ("Agreement") whereby Northwest will acquire Penns Woods in an all-stock transaction valued at approximately $270.4 million. Combining the two organizations will significantly enhance the combined company's presence in North Central and Northeastern Pennsylvania.

Northwest Bancshares, Inc. Announces Agreement to Acquire Penns Woods Bancorp, Inc.

Northwest Bancshares Inc. (NASDAQ:NWBI ) Q3 2024 Results Conference Call October 29, 2024 9:00 AM ET Company Participants Joseph Canfield - Executive Vice President, Chief Accounting Officer Louis Torchio - President, CEO & Director Doug Schosser - Chief Financial Officer Thomas Creal - Executive VP & Chief Credit Officer Conference Call Participants Daniel Tamayo - Raymond James Manuel Navas - D.A. Davidson Matthew Breese - Stephens Inc Frank Schiraldi - Piper Sandler Daniel Cardenas - Janney Montgomery Scott Operator Thank you for standing by.

Northwest Bancshares Inc. (NWBI) Q3 2024 Earnings Call Transcript

The headline numbers for Northwest Bancshares (NWBI) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Northwest Bancshares (NWBI) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates

Northwest Bancshares (NWBI) came out with quarterly earnings of $0.26 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.31 per share a year ago.

Northwest Bancshares (NWBI) Q3 Earnings Meet Estimates

Net interest margin expands 13 basis points to 3.33%, inclusive of 4bps from an interest recovery Average deposits grew $10 million while cost of funds remain ed stable Noninterest expense declines $2 million due to disciplined expense management 120th consecutive quarterly dividend of $0.20 per share declared COLUMBUS, Ohio , Oct. 29, 2024 /PRNewswire/ -- Northwest Bancshares, Inc., (the "Company"), (NasdaqGS: NWBI) announced net income for the quarter ended September 30, 2024 of $34 million, or $0.26 per diluted share. This represents a decrease of $5 million compared to the same quarter last year, when net income was $39 million, or $0.31 per diluted share, and an increase of $29 million compared to the prior quarter, when net income was $5 million, or $0.04 per diluted share.

Northwest Bancshares, Inc. Announces Third Quarter 2024 net income of $34 million, or $0.26 per diluted share

Northwest Bancshares remains a 'hold' as its performance is expected to match the broader market. Despite a 7.6% rise in net interest income, non-interest income fell significantly due to one-time losses, impacting overall profitability. The bank's balance sheet shows minimal growth in deposits and a decline in loans, with a mixed asset quality and higher-than-preferred price to earnings multiple.

Staying The Course With Northwest Bancshares As Earnings Near

COLUMBUS, Ohio , Oct. 8, 2024 /PRNewswire/ -- Northwest Bancshares, Inc. (NASDAQ: NWBI) will host a conference call to review third-quarter 2024 financial results on Tuesday, October 29 at 9:00 a.m. (EDT). The results are scheduled to be released at approximately 7:30 a.m.

Northwest Bancshares, Inc. to Host Third-Quarter 2024 Earnings Call

Northwest Bancshares (NWBI) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

What Makes Northwest Bancshares (NWBI) a New Buy Stock

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Northwest Bancshares, Inc. (NASDAQ:NWBI ) Q2 2023 Earnings Conference Call July 23, 2024 9:00 AM ET Company Participants Jeffrey Maddigan - Head, Investor Relations Louis Torchio - President and Chief Executive Officer Douglas Schosser - Chief Financial Officer Conference Call Participants Tim Switzer - KBW Frank Schiraldi - Piper Sandler Daniel Cardenas - Janney David Mirochnick - Stephens Manuel Navas - D.A. Davidson Operator Good morning.

Northwest Bancshares, Inc. (NWBI) Q2 2024 Earnings Call Transcript

While the top- and bottom-line numbers for Northwest Bancshares (NWBI) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Here's What Key Metrics Tell Us About Northwest Bancshares (NWBI) Q2 Earnings

Northwest Bancshares (NWBI) came out with quarterly earnings of $0.27 per share, beating the Zacks Consensus Estimate of $0.23 per share. This compares to earnings of $0.27 per share a year ago.

Northwest Bancshares (NWBI) Tops Q2 Earnings Estimates

The Company's adjusted net operating income was $35 million, or $0.27 per diluted share (1)   Previously announced balance sheet restructure successfully completed Net interest margin expands 10 basis points to 3.20% Credit quality remains strong 119th consecutive quarterly dividend of $0.20 per share declared COLUMBUS, Ohio , July 23, 2024 /PRNewswire/ -- Northwest Bancshares, Inc., (the "Company"), (NasdaqGS: NWBI) announced net income for the quarter ended June 30, 2024 of $5 million, or $0.04 per diluted share. This represents a decrease of $28 million compared to the same quarter last year, when net income was $33 million, or $0.26 per diluted share, and a decrease of $24 million compared to the prior quarter, when net income was $29 million, or $0.23 per diluted share.

Northwest Bancshares, Inc. Announces Second Quarter 2024 net income of $5 million, or $0.04 per diluted share

COLUMBUS, Ohio , July 12, 2024 /PRNewswire/ -- will host a conference call to review second-quarter 2024 financial results on Tuesday, July 23 at 9:00 a.m. (EDT). The results are scheduled to be released at approximately 7:00 a.m.

Northwest Bancshares, Inc. to Host Second-Quarter 2024 Earnings Call

Interest rate cuts will pressurize the margin, which will, in turn, pressurize earnings. I'm expecting earnings to dip by 13% to $0.92 per share this year. NWBI is currently offering a dividend yield of around 6.9%. My earnings projections suggest that the dividend payout is unlikely to be cut.

Northwest Bancshares: 6.9% Dividend Yield, But Earnings Outlook Is Negative

While the top- and bottom-line numbers for Northwest Bancshares (NWBI) give a sense of how the business performed in the quarter ended March 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Northwest Bancshares (NWBI) Q1 Earnings: How Key Metrics Compare to Wall Street Estimates

Northwest Bancshares (NWBI) came out with quarterly earnings of $0.23 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.28 per share a year ago.

Northwest Bancshares (NWBI) Meets Q1 Earnings Estimates

118th consecutive quarterly dividend of $0.20 per share declared. COLUMBUS, Ohio , April 22, 2024 /PRNewswire/ -- Northwest Bancshares, Inc., (the "Company"), (NasdaqGS: NWBI) announced net income for the quarter ended March 31, 2024 of $29 million, or $0.23 per diluted share.

Northwest Bancshares, Inc. Announces First Quarter 2024 Earnings and Quarterly Dividend

Beyond analysts' top -and-bottom-line estimates for Northwest Bancshares (NWBI), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended March 2024.

Gear Up for Northwest Bancshares (NWBI) Q1 Earnings: Wall Street Estimates for Key Metrics

COLUMBUS, Ohio , Feb. 26, 2024 /PRNewswire/ -- Northwest Bancshares, Inc. (Nasdaq: NWBI) and its wholly-owned subsidiary Northwest Bank announced today that Douglas M. Schosser has been appointed Chief Financial Officer, effective March 18, 2024.

Northwest Bancshares, Inc. and Northwest Bank Name Douglas M. Schosser Chief Financial Officer

After losing some value lately, a hammer chart pattern has been formed for Northwest Bancshares (NWBI), indicating that the stock has found support. This, combined with an upward trend in earnings estimate revisions, could lead to a trend reversal for the stock in the near term.

News for Northwest Bancshares Stock (NWBI)