Northwest Bancshares Earnings Reports

Northwest Bancshares, Inc. announced a net income of $34 million for the second quarter of 2025, a substantial increase from $5 million in the same quarter last year. The company also reported an adjusted net income of $38 million. Key highlights include a strong net interest margin of 3.56% and successful completion of the Penns Woods merger.

Northwest Bancshares reported a strong first quarter for 2025, with record net income of $43 million, a substantial increase from the prior year and quarter. This performance was attributed to expanding net interest margin, increased net interest income, and reduced noninterest expense. The company also announced regulatory approval for the Penns Woods merger and maintained stable credit quality.

Northwest Bancshares reported a net income of $33 million, or $0.26 per diluted share, for Q4 2024. The results reflect an increase compared to the same quarter last year. The company's net interest margin expanded, and the efficiency ratio improved.

Northwest Bancshares reported a net income of $34 million, or $0.26 per diluted share, for the quarter ended September 30, 2024. This represents a decrease of $5 million compared to the same quarter last year and an increase of $29 million compared to the prior quarter. The company's net interest margin expanded by 13 basis points to 3.33%, and average deposits grew by $10 million. The Board of Directors declared a quarterly cash dividend of $0.20 per share.

Northwest Bancshares reported a net income of $5 million, or $0.04 per diluted share, for the second quarter of 2024. The company's adjusted net operating income was $35 million, or $0.27 per diluted share. The net interest margin expanded 10 basis points to 3.20%.

Northwest Bancshares reported a net income of $29 million, or $0.23 per diluted share, for the quarter ended March 31, 2024, a decrease compared to the same quarter last year. The company's Board of Directors declared a quarterly cash dividend of $0.20 per share.

Northwest Bancshares reported a net income of $29.0 million, or $0.23 per diluted share, for the quarter ended December 31, 2023. This represents a decrease compared to the same quarter last year. The company's loan portfolio grew, and it reallocated assets into more profitable commercial loans. Deposit base remained stable, enabling the reduction of more expensive borrowed funds.

Northwest Bancshares reported a strong third quarter with net income of $39.2 million, or $0.31 per diluted share, representing a 5.1% increase compared to the same quarter last year.

Northwest Bancshares reported net income of $33.0 million, or $0.26 per diluted share, for the quarter ended June 30, 2023. This represents a slight decrease of $382,000, or 1.1%, compared to the same quarter last year.

Northwest Bancshares, Inc. reported a net income of $33.7 million, or $0.26 per diluted share, for the quarter ended March 31, 2023, representing an increase of $5.4 million, or 19.1%, compared to the same quarter last year.

Northwest Bancshares, Inc. reported a net income of $34.6 million, or $0.27 per diluted share, for the quarter ended December 31, 2022, representing an increase of $4.6 million, or 15.3%, compared to the same quarter last year.

Northwest Bancshares, Inc. reported a net income of $37.3 million, or $0.29 per diluted share, for the quarter ended September 30, 2022. This represents an increase of $2.2 million, or 6.4%, compared to the same quarter last year with net interest margin expanding by 35 basis points.

Northwest Bancshares reported a net income of $33.4 million, or $0.26 per diluted share, for the quarter ended June 30, 2022. This represents a decrease of $15.5 million, or 31.7%, compared to the same quarter last year. The results reflect loan growth momentum and an expansion in the net interest margin, offset by the impact of the previous year's gain from the sale of the insurance business.

Northwest Bancshares, Inc. reported a net income of $28.3 million, or $0.22 per diluted share, for the quarter ended March 31, 2022. This represents a decrease compared to the same quarter last year. The company's asset quality metrics improved, and expense management showed a favorable trend. The board declared a quarterly cash dividend of $0.20 per share.

Northwest Bancshares, Inc. reported a net income of $30.1 million, or $0.24 per diluted share, for the quarter ended December 31, 2021. This represents a decrease compared to the same quarter last year. The company's earnings were enhanced by the release of credit loss reserves and a downward trend in non-performing assets.

Northwest Bancshares reported a net income of $35.1 million, or $0.27 per diluted share, for the quarter ended September 30, 2021. This represents a decrease of $3.0 million, or 7.9%, compared to the same quarter last year. The decrease was primarily due to lower net interest income and noninterest income, partially offset by a decrease in noninterest expense.

Northwest Bancshares, Inc. reported a net income of $49.0 million, or $0.38 per diluted share, for the quarter ended June 30, 2021. This represents an increase of $55.2 million compared to the same quarter last year. The company's current period earnings were enhanced by a $25.3 million pre-tax gain from the sale of its insurance business.

Northwest Bancshares, Inc. reported a net income of $40.2 million, or $0.32 per diluted share, for the quarter ended March 31, 2021, representing a significant increase compared to the same quarter last year. The company's Board of Directors also increased the quarterly cash dividend by 5.3% to $0.20 per share.

Northwest Bancshares, Inc. reported a net income of $35.1 million, or $0.28 per diluted share, for the quarter ended December 31, 2020. This represents an increase of $9.5 million, or 37.0%, compared to the same quarter last year. The Board of Directors declared a quarterly cash dividend of $0.19 per share.

Northwest Bancshares reported a strong third quarter with a net income of $38.1 million, or $0.30 per diluted share, marking a 13.9% increase compared to the previous year. The company saw growth in net interest income and noninterest income, driven by mortgage banking operations, while also managing to significantly decrease loan payment deferrals.

Northwest Bancshares, Inc. reported a net loss of $6.2 million for the quarter ended June 30, 2020, a decrease of $32.6 million compared to the same quarter last year. The loss was primarily driven by COVID-related loan loss provisions, MutualBank acquisition costs, and the implementation of CECL.

Northwest Bancshares reported a net income of $7.9 million, or $0.07 per diluted share, for the quarter ended March 31, 2020. This represents a decrease compared to the same quarter last year.