earnings
confidence high
sentiment positive
materiality 0.70
Northwest Bancshares Q1 net income $43M, EPS $0.34; NIM expands to 3.87%; Penns Woods merger approved
Northwest Bancshares, Inc.
2025-Q1 EPS reported
$0.34
- Net income of $43M ($0.34 diluted EPS) vs $29M ($0.23) in Q1 2024; adjusted EPS $0.35.
- Net interest margin expanded 45 bps to 3.87%; net interest income $127.8M, up 23.8% YoY.
- Total revenue grew 19% YoY, driven by higher loan yields and lower funding costs.
- Quarterly dividend declared at $0.20/share, payable May 20, 2025 to holders of record May 8, 2025.
- All regulatory and shareholder approvals received for Penns Woods acquisition; close expected by late July 2025.