Northwest Bancshares, Inc. (NWBI)
| Market Cap | 1.70B |
| Revenue (ttm) | 487.91M |
| Net Income (ttm) | 96.38M |
| Shares Out | 127.40M |
| EPS (ttm) | 0.76 |
| PE Ratio | 17.58 |
| Forward PE | 13.26 |
| Dividend | $0.80 (5.99%) |
| Ex-Dividend Date | Nov 8, 2024 |
| Volume | 1,787,689 |
| Open | 13.11 |
| Previous Close | 13.17 |
| Day's Range | 13.07 - 13.59 |
| 52-Week Range | 10.45 - 15.42 |
| Beta | 0.63 |
| Analysts | Hold |
| Price Target | 12.67 (-5.09%) |
| Earnings Date | Jan 21, 2025 |
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]
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 StatementsAnalyst Forecast
According to 3 analysts, the average rating for NWBI stock is "Hold." The 12-month stock price forecast is $12.67, which is a decrease of -5.09% from the latest price.
News
Northwest Bancshares, Inc. Announces Agreement to Acquire Penns Woods Bancorp, Inc.
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") (NASDA...
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...
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...
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...
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. (...
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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...
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...
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...
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 ...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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 ...
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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...
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 ...
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.