Northwest Bancshares (NWBI) Declares $0.14 Quarterly Dividend; 4.1% Yield

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Go back to Northwest Bancshares (NWBI) Declares $0.14 Quarterly Dividend; 4.1% Yield

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

October 26, 2015 11:40 AM EDT

WARREN, Pa., Oct. 26, 2015 /PRNewswire/ -- Northwest Bancshares, Inc. (NasdaqGS: NWBI) announced net income for the quarter ended September 30, 2015 of $12.9 million, or $0.13 per diluted share. The annualized returns on average shareholders' equity and average assets for the quarter ended September 30, 2015 were 4.54% and 0.59%.  Earnings for the current quarter include acquisition expenses of $7.6 million relating to the merger of LNB Bancorp, Inc. ("LNB") on August 14, 2015.  Excluding the after-tax impact of these expenses, non-GAAP net operating income for the quarter was $17.9 million, or $0.19 per diluted share, compared to $17.3 million, or $0.19 per diluted share in... More