Northwest Bancshares (NWBI) Raises Quarterly Dividend 6.7% to $0.16; 3.7% Yield

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Go back to Northwest Bancshares (NWBI) Raises Quarterly Dividend 6.7% to $0.16; 3.7% Yield

Northwest Bancshares, Inc. Announces Record Fourth Quarter 2016 Earnings and Quarterly Dividend Increase

January 23, 2017 11:29 AM EST

WARREN, Pa., Jan. 23, 2017 /PRNewswire/ -- Northwest Bancshares, Inc. (NasdaqGS: NWBI) announced net income for the quarter ended December 31, 2016 of $24.5 million, or $0.24 per diluted share. This represents an increase of $8.3 million, or 51.3%, compared to the same quarter last year when net income was $16.2 million or $0.16 per diluted share. The annualized returns on average shareholders' equity and average assets for the quarter ended December 31, 2016 were 8.37% and 1.01% compared to 5.55% and 0.73% for the same quarter last year.

The Company also announced that its Board of Directors declared a quarterly cash dividend of $0.16 per... More