Northwest Bancshares: Fourth Quarter Earnings Overview

Northwest Bancshares Reports Strong Fourth-Quarter Results

Northwest Bancshares Inc., headquartered in Columbus, Ohio, announced on Monday that it achieved a net profit of $45.7 million for the fourth quarter.

The company reported earnings of 31 cents per share, with adjusted earnings—excluding pretax expenses—coming in at 33 cents per share.

These figures exceeded analysts’ expectations. According to a survey by Zacks Investment Research involving five analysts, the consensus estimate was 31 cents per share.

Northwest Savings Bank’s parent company recorded total revenue of $240.6 million for the quarter. After adjustments, revenue stood at $179.9 million, surpassing the $174.1 million anticipated by three Zacks analysts.

Note: This article was produced by Automated Insights using data provided by Zacks Investment Research.