Northwest Bancshares (NWBI) Misses Q4 EPS by 3c

Go back to Northwest Bancshares (NWBI) Misses Q4 EPS by 3c

Northwest Bancshares, Inc. Announces Fourth Quarter 2015 Earnings and Increase in Quarterly Dividend

January 25, 2016 4:02 PM EST

WARREN, Penn., Jan. 25, 2016 /PRNewswire/ -- Northwest Bancshares, Inc. (NasdaqGS: NWBI) announced net income for the quarter ended December 31, 2015 of $16.2 million, or $0.16 per diluted share.  This represents a decrease of $1.1 million, or 6.6%, compared to the same quarter last year when net income was $17.3 million, or $0.19 per diluted share.  The annualized returns on average shareholders' equity and average assets for the quarter ended December 31, 2015 were 5.83% and 0.77% compared to 6.42% and 0.88% for the same quarter last year. Earnings for the current quarter include acquisition expenses of $1.3 million relating to the merger of LNB Bancorp, Inc. ("LNB")... More