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Northwest Bancshares (NWBI)
NASDAQ:NWBI
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Earnings Data
Report Date
Jan 24, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.24Last Year’s EPS
0.23Same Quarter Last Year
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 22, 2018
|% Change Since: -1.67%
|Next Earnings Date:Jul 23, 2018
Earnings Call Sentiment|Positive
The earnings call reflects a positive sentiment with strong financial performance, strategic acquisitions, and improved metrics in efficiency and deposit growth. However, challenges such as flat loan balances and increased expenses suggest areas for improvement.Company Guidance
During the Northwest Bancshares Fourth Quarter 2024 Earnings Call, the company provided comprehensive guidance for 2025. They anticipate low single-digit growth in both loans and deposits, with a focus on commercial and industrial (C&I) lending, which saw a 23.5% year-over-year increase. The company expects noninterest income to range between $124 million and $129 million for the year. Despite a 5% increase in noninterest expenses, they aim to maintain expense growth in the low single digits. Their net interest margin, which improved to 3.42% in Q4 2024, is projected to expand modestly as they manage deposit costs while balancing client expectations. The guidance excludes impacts from the recent Penns Woods Bancorp acquisition, with net charge-offs expected to normalize within 25 to 35 basis points, and the tax rate remaining unchanged for 2025.Improved Net Interest Margin and Efficiency Ratio
Net interest margin expanded by 13 basis points to 3.42%, showing significant improvement in the company's efficiency ratio.
Successful Acquisition Announcement
Northwest Bancshares entered an agreement to acquire Penns Woods Bancorp, expected to complete in Q3 2025. This merger will make Northwest one of the top 100 largest banks in the nation.
Strong Deposit Growth
Deposit balances grew by 8% compared to the fourth quarter a year ago, with a decrease in the cost of funds.
Increased Noninterest Income
Noninterest income increased by $12 million, including a $6 million gain on the sale of shares and a $4 million gain from a tax credit investment.
Stable Capital and Credit Quality
Estimated Tier 1 capital to risk-weighted assets at 13.8%, and a strong credit quality with a decrease in classified loans and an increase in coverage ratio on nonperforming loans.
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NWBI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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NWBI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Jan 24, 2025 | $13.18 | $13.19 | +0.08% |
| Oct 29, 2024 | $13.30 | $13.28 | -0.15% |
| Jul 23, 2024 | $12.94 | $13.53 | +4.56% |
| Apr 22, 2024 | $10.61 | $10.54 | -0.66% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Northwest Bancshares (NWBI) report earnings?
Northwest Bancshares (NWBI) is schdueled to report earning on Jan 24, 2025, TBA Not Confirmed.
What is Northwest Bancshares (NWBI) earnings time?
Northwest Bancshares (NWBI) earnings time is at Jan 24, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is NWBI EPS forecast?
NWBI EPS forecast for the fiscal quarter 2025 (Q1) is 0.24.
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