Northwest Bancshares (NWBI) Declares $0.20 Quarterly Dividend; 6.1% Yield

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Go back to Northwest Bancshares (NWBI) Declares $0.20 Quarterly Dividend; 6.1% Yield

Northwest Bancshares, Inc. Announces Second Quarter 2022 Earnings and Quarterly Dividend

July 25, 2022 9:00 AM EDT

COLUMBUS, Ohio, July 25, 2022 /PRNewswire/ -- Northwest Bancshares, Inc., (the "Company"), (NasdaqGS: NWBI) announced net income for the quarter ended June 30, 2022 of $33.4 million, or $0.26 per diluted share.  This represents a decrease of $15.5 million, or 31.7%, compared to the same quarter last year, when net income was $49.0 million, or $0.38 per diluted share.  The annualized returns on average shareholders' equity and average assets for the quarter ended June 30, 2022 were 8.90% and 0.94% compared to 12.58% and 1.37% for the same quarter last year. Prior year earnings were enhanced by a $25.3 million pre-tax gain on the sale of the Northwest insurance line of business. 

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