Northwest Bancshares (NWBI) Reports In-Line Q1 EPS

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Go back to Northwest Bancshares (NWBI) Reports In-Line Q1 EPS

Northwest Bancshares, Inc. Announces First Quarter 2016 Earnings and Quarterly Dividend

April 22, 2016 9:01 AM EDT

WARREN, Pa., April 22, 2016 /PRNewswire/ -- Northwest Bancshares, Inc. (NasdaqGS: NWBI) announced net income for the quarter ended March 31, 2016 of $18.0 million, or $0.18 per diluted share. This represents an increase of $1.8 million, or 11.2%, compared to the same quarter last year when net income was $16.2 million, or $0.18 per diluted share. The annualized returns on average shareholders' equity and average assets for the quarter ended March 31, 2016 were 6.21% and 0.81% compared to 6.17% and 0.83% for the same quarter last year. 

The Company also announced that its Board of Directors declared a quarterly cash dividend of $0.15 per share... More