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Stock impact report

Northwest Bancshares, Inc. Announces Second Quarter 2018 Earnings and Quarterly Dividend

Northwest Bancshares, Inc. (NWBI) 
Last northwest bancshares, inc. earnings: 4/27 09:00 am Check Earnings Report
US:NASDAQ Investor Relations: snl.com/irweblinkx/drip.aspx?iid=1137118
Company Research Source: PR Newswire
WARREN, Pa., July 23, 2018 /PRNewswire/ -- Northwest Bancshares, Inc. (NasdaqGS: NWBI) announced net income for the quarter ended June 30, 2018 of $26.3 million, or $0.25 per diluted share. This represents a decrease of $4.7 million, or 15.1%, compared to the same quarter last year when net income was $31.0 million or $0.30 per diluted share. The prior year's quarterly earnings were augmented by the sale of the Company's three Maryland offices for a profit of $17.2 million, or approximately $10.3 million after tax. The annualized returns on average shareholders' equity and average assets for the quarter ended June 30, 2018 were 8.67% and 1.11% compared to 10.48% and 1.30% for the same quarter last year. The Company also announced that its Board of Directors declared a quarterly cash dividend of $0.17 per share payable on August 16, 2018, to shareholders of record as of August 2, 2018. This is the 95th consecutive quarter in which the Company has paid a cash divi Show less Read more
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