Northwest Bancshares Inc. (NWBI)
Staying The Course With Northwest Bancshares As Earnings Near
Northwest Bancshares remains a 'hold' as its performance is expected to match the broader market. Despite a 7.6% rise in net interest income, non-interest income fell significantly due to one-time losses, impacting overall profitability. The bank's balance sheet shows minimal growth in deposits and a decline in loans, with a mixed asset quality and higher-than-preferred price to earnings multiple.
What Makes Northwest Bancshares (NWBI) a New Buy Stock
Northwest Bancshares (NWBI) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
Northwest Bancshares, Inc. (NWBI) Q2 2024 Earnings Call Transcript
Northwest Bancshares, Inc. (NASDAQ:NWBI ) Q2 2023 Earnings Conference Call July 23, 2024 9:00 AM ET Company Participants Jeffrey Maddigan - Head, Investor Relations Louis Torchio - President and Chief Executive Officer Douglas Schosser - Chief Financial Officer Conference Call Participants Tim Switzer - KBW Frank Schiraldi - Piper Sandler Daniel Cardenas - Janney David Mirochnick - Stephens Manuel Navas - D.A. Davidson Operator Good morning.
Here's What Key Metrics Tell Us About Northwest Bancshares (NWBI) Q2 Earnings
While the top- and bottom-line numbers for Northwest Bancshares (NWBI) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Northwest Bancshares (NWBI) Tops Q2 Earnings Estimates
Northwest Bancshares (NWBI) came out with quarterly earnings of $0.27 per share, beating the Zacks Consensus Estimate of $0.23 per share. This compares to earnings of $0.27 per share a year ago.
Northwest Bancshares: 6.9% Dividend Yield, But Earnings Outlook Is Negative
Interest rate cuts will pressurize the margin, which will, in turn, pressurize earnings. I'm expecting earnings to dip by 13% to $0.92 per share this year. NWBI is currently offering a dividend yield of around 6.9%. My earnings projections suggest that the dividend payout is unlikely to be cut.
