earnings
confidence high
sentiment negative
materiality 0.65
NWBI Q3 2021 net income $35.1M ($0.27 EPS) down 7.9% YoY; declares $0.20 dividend
Northwest Bancshares, Inc.
2021-Q3 EPS reported
$0.97
- Net income $35.1M, diluted EPS $0.27 vs $38.1M, $0.30 in Q3 2020.
- Net interest income fell 4.9% to $98.4M; net interest margin 2.97% vs 3.26%.
- Provision for credit losses became a $4.4M credit, reversing $6.8M expense YoY.
- Noninterest income down 20.4% to $29.2M, driven by mortgage banking decline of $7.1M.
- Quarterly dividend $0.20/share, payable Nov 15, 2021; 108th consecutive quarter.