Northwest Bancshares Reports Q4 Earnings, Exceeding Wall Street Expectations
COLUMBUS, Ohio -- Northwest Bancshares Inc. (NWBI) announced a fourth-quarter net income of $32.8 million, equating to earnings per share of 26 cents. After adjusting for non-recurring items, earnings reached 27 cents per share, surpassing analysts' expectations.
The holding company for Northwest Savings Bank posted revenue of $210.8 million for the quarter, with adjusted revenue standing at $154.3 million.
For the full year, NWBI reported a profit of $100.3 million (79 cents per share) and revenue of $522.6 million.