Northwest Bancshares (NWBI) Declares $0.16 Quarterly Dividend; 4.2% Yield

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Go back to Northwest Bancshares (NWBI) Declares $0.16 Quarterly Dividend; 4.2% Yield

Northwest Bancshares, Inc. Announces Second Quarter 2017 Earnings and Quarterly Dividend

July 24, 2017 11:48 AM EDT

WARREN, Pa., July 24, 2017 /PRNewswire/ -- Northwest Bancshares, Inc. (NasdaqGS: NWBI) announced net income for the quarter ended June 30, 2017 of $31.0 million, or $0.30 per diluted share. This represents an increase of $38.0 million compared to the same quarter last year when the Company reported a net loss of $7.0 million or $0.07 per diluted share. The annualized returns on average shareholders' equity and average assets for the quarter ended June 30, 2017 were 10.48% and 1.30% compared to (2.44)% and (0.32)% for the same quarter last year. 

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