Northwest Bancshares
NWBI

$13.29

1.04%

Market Cap: $1.69B

About: Northwest Bancshares Inc is a stockholding company for Northwest Bank. Northwest Bank is a stock savings bank and a community-oriented financial institution offering personal and banking business solutions, investment management, trust services and insurance products. It also offers consumer finance loans through a wholly-owned subsidiary. The bank's loan portfolio segment consists of personal banking and business banking loans. Personal banking includes residential mortgages, home equity loans, and other consumer loans. Business banking loans consist of commercial real estate loans and commercial loans. Net interest income is the company's primary contributor to revenue.

Employees: 2,165

Financials National Commercial Banks

0

Funds holding %

of 6,686 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

1,472% more call options, than puts

Call options by funds: $1.56M | Put options by funds: $99K

14% more repeat investments, than reductions

Existing positions increased: 79 | Existing positions reduced: 69

10% more first-time investments, than exits

New positions opened: 32 | Existing positions closed: 29

1% more funds holding

Funds holding: 214 [Q1] → 217 (+3) [Q2]

0.7% less ownership

Funds ownership: 66.53% [Q1] → 65.83% (-0.7%) [Q2]

2% less capital invested

Capital invested by funds: $985M [Q1] → $968M (-$16.8M) [Q2]

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Research analyst outlook

We haven’t received any recent analyst ratings for NWBI.

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Financial journalist opinion

Zacks Investment Research

What Makes Northwest Bancshares (NWBI) a New Buy Stock

Northwest Bancshares (NWBI) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

What Makes Northwest Bancshares (NWBI) a New Buy Stock

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Contrarian Alert: 6 Hated Dividend Stocks Yielding Up To 13%

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Northwest Bancshares, Inc. (NWBI) Q2 2024 Earnings Call Transcript

Northwest Bancshares, Inc. (NASDAQ:NWBI ) Q2 2023 Earnings Conference Call July 23, 2024 9:00 AM ET Company Participants Jeffrey Maddigan - Head, Investor Relations Louis Torchio - President and Chief Executive Officer Douglas Schosser - Chief Financial Officer Conference Call Participants Tim Switzer - KBW Frank Schiraldi - Piper Sandler Daniel Cardenas - Janney David Mirochnick - Stephens Manuel Navas - D.A. Davidson Operator Good morning.

Northwest Bancshares, Inc. (NWBI) Q2 2024 Earnings Call Transcript

Zacks Investment Research

Here's What Key Metrics Tell Us About Northwest Bancshares (NWBI) Q2 Earnings

While the top- and bottom-line numbers for Northwest Bancshares (NWBI) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Here's What Key Metrics Tell Us About Northwest Bancshares (NWBI) Q2 Earnings

Zacks Investment Research

Northwest Bancshares (NWBI) Tops Q2 Earnings Estimates

Northwest Bancshares (NWBI) came out with quarterly earnings of $0.27 per share, beating the Zacks Consensus Estimate of $0.23 per share. This compares to earnings of $0.27 per share a year ago.

Northwest Bancshares (NWBI) Tops Q2 Earnings Estimates

Northwest Bancshares, Inc. Announces Second Quarter 2024 net income of $5 million, or $0.04 per diluted share

The Company's adjusted net operating income was $35 million, or $0.27 per diluted share (1) Previously announced balance sheet restructure successfully completed Net interest margin expands 10 basis points to 3.20% Credit quality remains strong 119th consecutive quarterly dividend of $0.20 per share declared COLUMBUS, Ohio , July 23, 2024 /PRNewswire/ -- Northwest Bancshares, Inc., (the "Company"), (NasdaqGS: NWBI) announced net income for the quarter ended June 30, 2024 of $5 million, or $0.04 per diluted share. This represents a decrease of $28 million compared to the same quarter last year, when net income was $33 million, or $0.26 per diluted share, and a decrease of $24 million compared to the prior quarter, when net income was $29 million, or $0.23 per diluted share.

Northwest Bancshares, Inc. Announces Second Quarter 2024 net income of $5 million, or $0.04 per diluted share

Northwest Bancshares, Inc. to Host Second-Quarter 2024 Earnings Call

COLUMBUS, Ohio , July 12, 2024 /PRNewswire/ -- will host a conference call to review second-quarter 2024 financial results on Tuesday, July 23 at 9:00 a.m. (EDT). The results are scheduled to be released at approximately 7:00 a.m.

Northwest Bancshares, Inc. to Host Second-Quarter 2024 Earnings Call

Northwest Bancshares: 6.9% Dividend Yield, But Earnings Outlook Is Negative

Interest rate cuts will pressurize the margin, which will, in turn, pressurize earnings. I'm expecting earnings to dip by 13% to $0.92 per share this year. NWBI is currently offering a dividend yield of around 6.9%. My earnings projections suggest that the dividend payout is unlikely to be cut.

Northwest Bancshares: 6.9% Dividend Yield, But Earnings Outlook Is Negative

Zacks Investment Research

Northwest Bancshares (NWBI) Q1 Earnings: How Key Metrics Compare to Wall Street Estimates

While the top- and bottom-line numbers for Northwest Bancshares (NWBI) give a sense of how the business performed in the quarter ended March 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Northwest Bancshares (NWBI) Q1 Earnings: How Key Metrics Compare to Wall Street Estimates

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