earnings
confidence high
sentiment positive
materiality 0.60
Northwest Bancshares Q3 net income $39.2M, EPS $0.31; declares $0.20 dividend
Northwest Bancshares, Inc.
2023-Q3 EPS reported
$0.83
- Net income of $39.2M ($0.31 diluted EPS) vs $37.3M ($0.29) YoY, up 5.1%.
- Net interest income $108.4M, down 3.9% YoY; net interest margin 3.23% vs 3.42%.
- Commercial loan growth $480M YTD, pushing mix to 39% of total loans.
- Provision for credit losses fell $10.3M to $1.0M; classified loans down 12.2%.
- Quarterly dividend of $0.20/share payable Nov 14 to holders of record Nov 2.