Northwest Bancshares, Inc. (NWBI)

NASDAQ: NWBI · Real-Time Price · USD
13.31
+0.02 (0.15%)
Nov 1, 2024, 4:00 PM EDT - Market closed
0.15%
Market Cap 1.70B
Revenue (ttm) 487.91M
Net Income (ttm) 96.20M
Shares Out 127.40M
EPS (ttm) 0.76
PE Ratio 17.55
Forward PE 13.27
Dividend $0.80 (6.01%)
Ex-Dividend Date Nov 8, 2024
Volume 469,300
Open 13.35
Previous Close 13.29
Day's Range 13.25 - 13.47
52-Week Range 10.45 - 14.55
Beta 0.60
Analysts Hold
Price Target 11.67 (-12.32%)
Earnings Date Oct 29, 2024

About NWBI

Northwest Bancshares, Inc. operates as the bank holding company for Northwest Bank, a state-chartered savings bank that provides personal and business banking solutions. The company accepts various deposits, including checking, savings, money market deposit, term certificate, and individual retirement accounts. It also offers loan products comprising one-to-four-family residential real estate loans, shorter term consumer loans, and loans collateralized by multi-family residential and commercial real estate; home equity loans and lines of credit... [Read more]

Sector Financials
Founded 1896
Employees 2,165
Stock Exchange NASDAQ
Ticker Symbol NWBI
Full Company Profile

Financial Performance

In 2023, Northwest Bancshares's revenue was $526.63 million, an increase of 4.65% compared to the previous year's $503.22 million. Earnings were $134.62 million, an increase of 1.15%.

Financial Statements

Analyst Forecast

According to 3 analysts, the average rating for NWBI stock is "Hold." The 12-month stock price forecast is $11.67, which is a decrease of -12.32% from the latest price.

Price Target
$11.67
(-12.32% downside)
Analyst Consensus: Hold
Stock Forecasts

News

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

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 Tor...

4 days ago - Seeking Alpha

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

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...

4 days ago - PRNewsWire

Staying The Course With Northwest Bancshares As Earnings Near

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 los...

9 days ago - Seeking Alpha

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

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. (...

24 days ago - PRNewsWire

Collect 3X To 5X More Income With These 5 Steady Dividend Stocks

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3 months ago - Forbes

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

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...

3 months ago - Seeking Alpha

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

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...

3 months ago - PRNewsWire

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

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 relea...

4 months ago - PRNewsWire

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

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 ...

4 months ago - Seeking Alpha

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

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...

6 months ago - PRNewsWire

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

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 Chie...

8 months ago - PRNewsWire

Northwest Bancshares, Inc. Announces Fourth Quarter 2023 Earnings and Quarterly Dividend

COLUMBUS, Ohio , Jan. 22, 2024 /PRNewswire/ -- Northwest Bancshares, Inc., (the "Company"), (NasdaqGS: NWBI) announced net income for the quarter ended December 31, 2023 of $29.0 million, or $0.23 per...

10 months ago - PRNewsWire

Northwest Bancshares, Inc. Announces Third Quarter 2023 Earnings and Quarterly Dividend

COLUMBUS, Ohio , Oct. 23, 2023 /PRNewswire/ -- Northwest Bancshares, Inc., (the "Company"), (NasdaqGS: NWBI) announced net income for the quarter ended September 30, 2023 of $39.2 million, or $0.31 pe...

1 year ago - PRNewsWire

Northwest Bancshares Deserves A Bit Of Optimism

Northwest Bancshares is a potential opportunity for value-oriented investors after experiencing a significant decline in share price. The bank offers a wide range of services and has been successful i...

1 year ago - Seeking Alpha

Northwest Bancshares, Inc. and Northwest Bank Announce CFO Retirement Date

COLUMBUS, Ohio , Sept. 21, 2023 /PRNewswire/ -- Northwest Bancshares, Inc. (Nasdaq: NWBI) (the "Company") and Northwest Bank announced today that they have entered into a retirement agreement and a co...

1 year ago - PRNewsWire

Latest Debt Ratings from KBRA Reflect the Strength and Stability of Northwest Bank

COLUMBUS, OH / ACCESSWIRE / September 11, 2023 / A series of debt ratings issued by Kroll Bond Rating Agency, LLC (KBRA) on August 23, 2023, demonstrate the solid financial position of Northwest Bancs...

1 year ago - Accesswire

Northwest Bancshares: Great Dividend, Not So Great Price Though

Northwest Bancshares Inc's share price dropped almost 40% after news of liquidity issues at First Republic Bank. Despite a dividend yield of over 6%, the current price is not a good enough deal for in...

1 year ago - Seeking Alpha

Northwest Bancshares, Inc. Announces Second Quarter 2023 Earnings and Quarterly Dividend

COLUMBUS, Ohio , July 24, 2023 /PRNewswire/ -- Northwest Bancshares, Inc., (the "Company"), (NasdaqGS: NWBI) announced net income for the quarter ended June 30, 2023 of $33.0 million, or $0.26 per dil...

1 year ago - PRNewsWire

Northwest Bancshares, Inc. Appoints New Board Member

Amber Lee Williams Joins the Northwest Bancshares, Inc. Board of Directors COLUMBUS, OH / ACCESSWIRE / May 17, 2023 / The Board of Directors of Northwest Bancshares, Inc. (NasdaqGS:NWBI) appointed Amb...

1 year ago - Accesswire

Northwest Bancshares, Inc. Announces First Quarter 2023 Earnings and Quarterly Dividend

COLUMBUS, Ohio , April 24, 2023 /PRNewswire/ -- Northwest Bancshares, Inc., (the "Company"), (NasdaqGS: NWBI) announced net income for the quarter ended March 31, 2023 of $33.7 million, or $0.26 per d...

1 year ago - PRNewsWire

Northwest Bank Adds President, Managing Director and Senior Credit and Risk Officer to New Commercial Finance Group

COLUMBUS, OH / ACCESSWIRE / February 9, 2023 / Financial industry veterans Lee Palm, Brian Shapiro and Phil Mulder have joined Northwest Bank, a full-service financial institution offering a complete ...

1 year ago - Accesswire

15 dividend stocks whose 5% to 10% yields appear safe in 2023 and 2024 by this analysis

If you are investing in dividend stocks, the last thing you want to see is a company cutting its payout. But sometimes cuts have to be made, and during this period of corporate cost-cutting we may see...

1 year ago - Market Watch

Northwest Bancshares, Inc. Announces Fourth Quarter 2022 Earnings and Quarterly Dividend

COLUMBUS, Ohio, Jan. 23, 2023 /PRNewswire/ -- Northwest Bancshares, Inc., (the "Company"), (NasdaqGS: NWBI) announced net income for the quarter ended December 31, 2022 of $34.6 million, or $0.27 per ...

1 year ago - PRNewsWire

Northwest Bancshares: The 5.7% Dividend Yield Is Attractive, Trading At 1.7x TBV Isn't

Northwest Bancshares was able to increase its net interest income, and this will boost future earnings. The loan loss provisions increased, but remain very manageable.

1 year ago - Seeking Alpha

8 Great Low-Vol Stocks Yielding 5%-9%

We are heading into the most telegraphed recession in American history

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2 years ago - Forbes