Northwest Bancshares (NWBI) Declares $0.20 Quarterly Dividend; 5.9% Yield
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Northwest Bancshares, Inc. Announces Second Quarter 2021 Earnings and Quarterly Dividend
July 26, 2021 9:00 AM EDTWARREN, Pa., July 26, 2021 /PRNewswire/ -- Northwest Bancshares, Inc. (the "Company") (NasdaqGS: NWBI) announced net income for the quarter ended June 30, 2021 of $49.0 million, or $0.38 per diluted share. This represents an increase of $55.2 million compared to the same quarter last year, when the Company experienced a net loss of $6.2 million, or ($0.05) per diluted share, due primarily to COVID-19 related credit loss provisioning. The annualized returns on average shareholders' equity and average assets for the quarter ended June 30, 2021 were 12.58% and 1.37% compared to (1.63%) and (0.18%) for the same quarter last year. The Company's current period... More
