Northwest Bancshares (NWBI) Tops Q1 EPS by 2c

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Northwest Bancshares, Inc. Announces First Quarter 2015 Earnings and Quarterly Dividend

April 20, 2015 9:20 AM EDT

WARREN, Pa., April 20, 2015 /PRNewswire/ -- Northwest Bancshares, Inc. (NasdaqGS: NWBI) announced net income for the quarter ended March 31, 2015 of $16.2 million, or $0.18 per diluted share. This represents an increase of $1.6 million, or 10.7%, compared to the same quarter last year when net income was $14.6 million, or $0.16 per diluted share.  The annualized returns on average shareholders' equity and average assets for the quarter ended March 31, 2015 were 6.17% and 0.83% compared to 5.15% and 0.75% for the same quarter last year. 

The Company also announced that its Board of Directors declared a quarterly cash dividend of $0.14 per share... More