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Northwest Bancshares (NWBI)
:NWBI
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Earnings Data
Report Date
Jan 24, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.25Last Year’s EPS
0.24Same Quarter Last Year
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 22, 2018
|% Change Since: -1.05%
|Next Earnings Date:Jul 23, 2018
Earnings Call Sentiment|Neutral
The earnings call presented a mixed picture. While there were positive developments like NIM expansion, growth in C&I loans, and improved efficiency ratios, challenges such as flat loan portfolio, decreased noninterest income, and an increase in classified loans balanced the outlook.Company Guidance
During the Northwest Bancshares Q3 2024 earnings call, the company provided several metrics indicating a solid financial performance. The net income for the quarter was reported at $33.6 million, or $0.26 per diluted share. The net interest margin (NIM) expanded by 13 basis points to 3.33%, with a notable contribution of 4 basis points from an interest recovery on a nonaccrual loan. The efficiency ratio improved to 64.8%, reflecting a $2 million reduction in noninterest expenses from the previous quarter. The loan portfolio remained flat year-over-year, while deposits grew by 3.2%. The allowance coverage slightly increased to 1.11% of loans from 1.10% in the previous quarter, with net charge-offs at 18 basis points. The company expects low single-digit loan growth and deposits to remain largely flat, with modest NIM expansion anticipated. Additionally, a quarterly dividend of $0.20 per share was declared, maintaining continuity for shareholders.Net Interest Margin Expansion
Net interest margin expanded by 13 basis points to 3.33%, marking the second consecutive quarter of NIM improvement.
Commercial and Industrial Loan Growth
Commercial and industrial loans grew by 2.8% since last quarter and 25.7% year-over-year.
Efficiency Ratio Improvement
Efficiency ratio improved to 64.8% due to a nearly $2 million reduction in expenses for the quarter.
Stable Credit Quality
Credit quality remains strong with net charge-offs at just 18 basis points for the quarter and allowance coverage slightly increasing.
Dividend Declaration
Declared a quarterly dividend of $0.20 per share to shareholders.
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NWBI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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NWBI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 29, 2024 | $13.30 | $13.28 | -0.15% |
| Jul 23, 2024 | $12.94 | $13.53 | +4.56% |
| Apr 22, 2024 | $10.61 | $10.54 | -0.66% |
| Jan 22, 2024 | $11.37 | $11.91 | +4.75% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Northwest Bancshares (NWBI) report earnings?
Northwest Bancshares (NWBI) is schdueled to report earning on Jan 24, 2025, TBA Not Confirmed.
What is Northwest Bancshares (NWBI) earnings time?
Northwest Bancshares (NWBI) earnings time is at Jan 24, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is NWBI EPS forecast?
NWBI EPS forecast for the fiscal quarter 2024 (Q4) is 0.25.
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