NWBI Earnings Prediction
The chart below shows how NWBI performed 10 days before and after its earnings report, based on data from the past quarters. Typically, NWBI sees a -2.17% change in stock price 10 days leading up to the earnings, and a +3.30% change 10 days following the report. On the earnings day itself, the stock moves by +1.11%. This data can give you a slight idea of what to expect for the next quarter's release.
NWBI Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
122.00M
4.29%
56.04%
Gross Margin
--
--
--
Operating Margin
35.62%
-17.96%
274.95%
Net Margin
27.56%
-17.80%
354.04%
EPS
0.26
-16.13%
550.00%
No Data Available
NWBI Earnings Analysis
Northwest Bancshares, Inc Corporation (NWBI.O) Earnings Conference Call
Positive
Strong Profitability Report: Northwest Bancshares reported a net income of $33.6 million or $0.26 per diluted share for Q3 2024, demonstrating strong profitability.
Net Interest Margin Expansion: The net interest margin expanded by 13 basis points to 3.33%, aided by an interest recovery on a non-accrual loan, which added 4 basis points to that margin.
Deposit Growth Rate: The company experienced a 3.2% growth in deposits year-over-year, indicating solid customer retention and growth.
Quarterly Dividend Declaration: Northwest Bancshares declared a quarterly dividend of $0.20 per share, reflecting a commitment to returning value to shareholders.
Commercial Loan Growth: The commercial and industrial loans grew by 2.8% since last quarter and 25.7% year-over-year, showcasing robust demand in this segment.
Negative
Net Income Decline: Net income reported at $33.6 million or $0.26 per diluted share, indicating a decline from previous quarters.
Loan Portfolio Stability: Loan portfolio growth was essentially flat compared to the same quarter last year, with deposits growing by only 3.2%.
Non-Interest Income Decline: Non-interest income decreased by $3 million due to losses on equity method investments and lower gains on the sale of SBA loans.
Credit Quality and Risks: Credit quality remains strong but allowance coverage slightly increased to 1.11% of loans, indicating potential future risks.
Residential Mortgage Decline: Residential mortgages declined by $190 million or 5.5% since last year, reflecting a shift in focus towards commercial banking.
NWBI FAQs
How does NWBI typically perform around its earnings report dates?
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NWBI Earning Call Sentiment
Northwest Bancshares Inc. (NWBI) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
NWBI.O
1.76%Positive
The earnings call presents a mixed outlook: strong financial performance with increased net income and EPS, but challenges like decreased noninterest income and flat loan growth. The Q&A section indicates uncertainty in fee income and M&A targets, with management avoiding specific guidance. Positive factors include a strong capital position and dividend declaration, but lack of share repurchase and cautious economic outlook balance the sentiment. Given the market cap of $1.43 billion, the stock is likely to remain neutral within a -2% to 2% range over the next two weeks.
