Northwest Bancshares, Inc.

NWBI

US6673401039

Banks

Real-time Estimate Cboe BZX Other stock markets 02:00:17 2024-04-29 pm EDT			5-day change	1st Jan Change
10.79 ^USD	-0.28%		-2.40%	-13.50%

Apr. 23	Keefe, Bruyette & Woods Trims Price Target on Northwest Bancshares to $12 From $13, Maintains Market Perform Rating	MT
Apr. 23	Piper Sandler Adjusts Northwest Bancshares' Price Target to $10 From $11, Keeps Underweight Rating	MT

Northwest Bancshares, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023

January 22, 2024 at 09:00 am EST

Northwest Bancshares, Inc. reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported net interest income was USD 106.3 million compared to USD 117.04 million a year ago. Net income was USD 29.01 million compared to USD 34.65 million a year ago. Basic earnings per share from continuing operations was USD 0.23 compared to USD 0.27 a year ago. Diluted earnings per share from continuing operations was USD 0.23 compared to USD 0.27 a year ago.
For the full year, net interest income was USD 435.68 million compared to USD 420.68 million a year ago. Net income was USD 134.96 million compared to USD 133.67 million a year ago. Basic earnings per share from continuing operations was USD 1.06 compared to USD 1.05 a year ago. Diluted earnings per share from continuing operations was USD 1.06 compared to USD 1.05 a year ago.

Latest news about Northwest Bancshares, Inc.

Keefe, Bruyette & Woods Trims Price Target on Northwest Bancshares to $12 From $13, Maintains Market Perform Rating	Apr. 23	MT
Piper Sandler Adjusts Northwest Bancshares' Price Target to $10 From $11, Keeps Underweight Rating	Apr. 23	MT
Earnings Flash (NWBI) NORTHWEST BANCSHARES Reports Q1 EPS $0.23	Apr. 22	MT
Northwest Bancshares, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2024	Apr. 22	CI
Northwest Bancshares, Inc. Declares Quarterly Dividend, Payable on May 15, 2024	Apr. 22	CI
North American Morning Briefing : Stock Futures -2-	Apr. 22	DJ
Northwest Bancshares Names Douglas Schosser as CFO	Feb. 26	MT
Northwest Bancshares, Inc. and Northwest Bank Announce Chief Financial Officer Changes	Feb. 26	CI
Tranche Update on Northwest Bancshares, Inc.'s Equity Buyback Plan announced on September 26, 2011.	Feb. 23	CI
Keefe Bruyette & Woods Adjusts Price Target on Northwest Bancshares to $13 From $12, Keeps Market Perform Rating	Jan. 23	MT
Sector Update: Financial Stocks Rise Late Monday Afternoon	Jan. 22	MT
Sector Update: Financial Stocks Rise Monday Afternoon	Jan. 22	MT
Northwest Bancshares Q4 Adjusted Operating Earnings, Revenue Fall	Jan. 22	MT
Earnings Flash (NWBI) NORTHWEST BANCSHARES Posts Q4 EPS $0.24	Jan. 22	MT
Northwest Bancshares, Inc. Declares Quarterly Cash Dividend, Payable on February 14, 2024	Jan. 22	CI
Northwest Bancshares, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023	Jan. 22	CI
North American Morning Briefing : S&P 500 Seen Extending Record	Jan. 22	DJ
Northwest Bancshares Insider Bought Shares Worth $150,000, According to a Recent SEC Filing	Nov. 08	MT
Tranche Update on Northwest Bancshares, Inc.'s Equity Buyback Plan announced on September 26, 2011.	Nov. 03	CI
Earnings Flash (NWBI) NORTHWEST BANCSHARES Reports Q3 EPS $0.31	23-10-23	MT
Northwest Bancshares, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023	23-10-23	CI
Northwest Bancshares, Inc. Declares Quarterly Cash Dividend for the Third Quarter of 2023, Payable on November 14, 2023	23-10-23	CI
North American Morning Briefing : 10-Year Treasury -2-	23-10-23	DJ
Northwest Bancshares, Northwest Bank's CFO, COO to Retire in 2024	23-09-21	MT
Northwest Bancshares, Inc. and Northwest Bank Announce Retirement of William W. Harvey, Jr as Senior Executive Vice President and Chief Operating Officer, Effective December 31, 2024	23-09-21	CI

Chart Northwest Bancshares, Inc.

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Company Profile

Northwest Bancshares, Inc. is a bank holding company of Northwest Bank (the Bank). Northwest Bank is a Pennsylvania-chartered savings bank. The Bank is a community-oriented financial institution offering personal and business banking solutions, investment management and trust services. The Banks principal lending activities are the origination of loans secured by first mortgages on owner-occupied, one-to-four-family residences, shorter term consumer loans, and commercial business and commercial real estate loans. Its principal sources of funds for lending activities include deposits, borrowings, repayments on loans, cash flows from investment and mortgage-backed securities and income provided from operations. It offers other consumer loans, such as direct and indirect automobile loans, sales finance loans, credit card loans, and others. The Bank has approximately 142 community-banking locations throughout its market area in Pennsylvania, western New York, eastern Ohio, and Indiana.

Sector

Banks

Calendar

2024-07-21 - Q2 2024 Earnings Release (Projected)

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Russell 2000

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Ratings for Northwest Bancshares, Inc.

Trading Rating

Investor Rating

ESG Refinitiv

C+

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Analysts' Consensus

Sell

Buy

Mean consensus

HOLD

Number of Analysts

Last Close Price

10.82 USD

Average target price

11.4 USD

Spread / Average Target

+5.36%

Consensus

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Estimates Revisions

Quarterly earnings - Rate of surprise

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