Northwest Bancshares Q4 net income down 16.3% to $29.0M; declares $0.20 dividend

Northwest Bancshares, Inc.

2023-FY EPS reported $1.06

Diluted EPS of $0.23 vs $0.27 in Q4 2022; net income $29.0M, down $5.6M.
Quarterly cash dividend of $0.20/share declared, payable Feb 14 to holders of record Feb 2.
Net interest income fell 9.2% to $106.3M; net interest margin narrowed to 3.16% from 3.57%.
Commercial loans grew 17.1% (+$677.2M) and deposit base grew $515.4M during 2023.
Full year 2023 EPS $1.06 vs $1.05; noninterest expense up 2.1% due to $3.5M restructuring costs.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.98

Northwest Bancshares, Inc. reported the quarter ended December 31, 2023 results: net income $29.0 million, EPS $0.23 per diluted share.

Period: the quarter ended December 31, 2023
Net income: $29.0 million
EPS: $0.23 per diluted share
Result: reported results

Exact text from the filing

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 diluted share.

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Source: SEC EDGAR

accession 0001471265-24-000002

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