See more : Sinotruk (Hong Kong) Limited (SHKLY) Income Statement Analysis – Financial Results
Complete financial analysis of Northwest Bancshares, Inc. (NWBI) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Northwest Bancshares, Inc., a leading company in the Banks – Regional industry within the Financial Services sector.
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Northwest Bancshares, Inc. (NWBI)
About Northwest Bancshares, Inc.
Northwest Bancshares, Inc. operates as the holding company for Northwest Bank, a state-chartered savings bank that provides personal and business banking solutions. The company accepts various deposits, including checking, savings, money market deposit, term certificate, and individual retirement accounts. It also offers loan products comprising one-to-four-family residential real estate loans and loans collateralized by multi-family residential and commercial real estate; commercial business loans; and consumer loans, including automobile loans, sales finance loans, unsecured personal loans, credit card loans, and loans secured by deposit accounts. The company also offers investment management and trust services. As of December 31, 2021, it operated 170 community-banking locations in Pennsylvania, Western New York, Eastern Ohio, and Indiana. Northwest Bancshares, Inc. was founded in 1896 and is headquartered in Columbus, Ohio.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 526.63M | 529.72M | 506.89M | 520.72M | 457.31M | 428.13M | 438.42M | 390.26M | 328.84M | 316.60M | 318.41M | 321.45M | 325.41M | 319.58M | 284.59M | 276.29M | 228.04M | 223.49M | 0.00 | 215.78M | 197.63M | 167.54M | 145.82M | 127.16M | 118.90M | 97.69M | 88.51M | 78.80M | 70.60M | 67.30M |
| Cost of Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 526.63M | 529.72M | 506.89M | 520.72M | 457.31M | 428.13M | 438.42M | 390.26M | 328.84M | 316.60M | 318.41M | 321.45M | 325.41M | 319.58M | 284.59M | 276.29M | 228.04M | 223.49M | 0.00 | 215.78M | 197.63M | 167.54M | 145.82M | 127.16M | 118.90M | 97.69M | 88.51M | 78.80M | 70.60M | 67.30M |
| Gross Profit Ratio | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 0.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 204.96M | 206.46M | 212.63M | 198.87M | 177.90M | 169.28M | 172.16M | 161.90M | 137.26M | 132.87M | 132.24M | 130.51M | 126.55M | 146.78M | 143.91M | 126.90M | 84.22M | 78.61M | 0.00 | 70.82M | 65.06M | 55.14M | 48.18M | 43.57M | 38.03M | 35.01M | 28.33M | 26.00M | 21.80M | 22.30M |
| Selling & Marketing | 9.44M | 9.10M | 8.24M | 7.70M | 7.00M | 8.43M | 9.61M | 8.85M | 8.50M | 8.21M | 6.28M | 7.83M | 9.95M | 9.88M | 9.15M | 5.50M | 3.74M | 2.82M | 0.00 | 3.67M | 3.58M | 3.50M | 0.00 | 1.63M | 2.05M | 1.81M | 1.28M | 1.60M | 1.20M | 1.00M |
| SG&A | 214.41M | 215.55M | 220.87M | 206.57M | 184.90M | 177.71M | 181.76M | 170.75M | 145.76M | 141.08M | 138.53M | 138.33M | 136.50M | 156.65M | 153.06M | 132.40M | 87.96M | 81.43M | 0.00 | 74.50M | 68.64M | 58.64M | 48.18M | 45.20M | 40.08M | 36.81M | 29.61M | 27.60M | 23.00M | 23.30M |
| Other Expenses | 0.00 | -571.58M | -116.50M | -117.71M | -100.13M | -471.94M | -102.09M | -91.59M | -75.07M | 0.00 | 0.00 | -370.15M | 937.00K | 1.54M | 2.59M | 18.17M | -249.44M | -233.59M | 0.00 | -211.70M | -203.77M | -183.15M | -144.37M | -132.89M | -117.86M | -103.55M | -83.80M | -84.20M | -65.30M | -64.10M |
| Operating Expenses | 323.75M | -356.03M | 116.50M | 117.71M | 100.13M | -294.22M | 102.09M | 91.59M | 75.07M | 215.53M | 207.13M | -231.82M | 137.44M | 158.20M | 155.66M | 150.57M | -161.49M | -152.16M | 0.00 | -137.21M | -135.13M | -124.51M | -96.19M | -87.69M | -77.78M | -66.74M | -54.19M | -56.60M | -42.30M | -40.80M |
| Cost & Expenses | 323.75M | -356.03M | 350.27M | 446.85M | 371.57M | -294.22M | 329.38M | 310.49M | 290.17M | 215.53M | 207.13M | -231.82M | 137.44M | 158.20M | 155.66M | 150.57M | -161.49M | -152.16M | 0.00 | -137.21M | -135.13M | -124.51M | -96.19M | -87.69M | -77.78M | -66.74M | -54.19M | -56.60M | -42.30M | -40.80M |
| Interest Income | 585.05M | 448.07M | 418.10M | 433.09M | 416.32M | 375.33M | 358.61M | 344.26M | 316.75M | 303.62M | 312.73M | 337.74M | 359.23M | 370.57M | 364.46M | 388.66M | 396.03M | 368.57M | 0.00 | 321.82M | 300.23M | 282.52M | 274.50M | 269.43M | 239.72M | 206.59M | 175.76M | 153.50M | 135.10M | 118.30M |
| Interest Expense | 152.24M | 28.12M | 27.25M | 42.34M | 56.91M | 37.14M | 28.07M | 38.30M | 56.33M | 56.59M | 61.16M | 75.20M | 92.80M | 112.93M | 135.81M | 169.29M | 211.02M | 191.11M | 0.00 | 138.05M | 134.47M | 142.01M | 147.26M | 157.32M | 132.10M | 114.91M | 95.20M | 81.40M | 68.60M | 58.10M |
| Depreciation & Amortization | 24.50M | 15.88M | 17.65M | 18.76M | 18.24M | 17.95M | 19.16M | 15.42M | 8.96M | 9.87M | 8.95M | 9.47M | 7.79M | 14.77M | 15.35M | 18.39M | 10.18M | 9.49M | 0.00 | 12.00M | 20.16M | 11.01M | 13.20M | 12.82M | 9.83M | 6.00M | 4.10M | 800.00K | -100.00K | 200.00K |
| EBITDA | 0.00 | 180.14M | 207.76M | 97.26M | 144.94M | 142.03M | 133.02M | 86.74M | 100.86M | 93.63M | 101.71M | 99.39M | 98.80M | 95.82M | 55.00M | 83.53M | 76.73M | 80.82M | 0.00 | 0.00 | 82.66M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA Ratio | 0.00% | 34.01% | 40.99% | 18.68% | 31.69% | 33.17% | 34.26% | 22.23% | 29.64% | 29.57% | 31.94% | 30.83% | 30.36% | 29.98% | 19.33% | 30.23% | 33.65% | 36.16% | 0.00% | 41.98% | 41.83% | 32.25% | 43.08% | 41.13% | 42.85% | 37.83% | 43.41% | 29.19% | 39.94% | 39.67% |
| Operating Income | 202.88M | 173.69M | 201.12M | 92.53M | 141.11M | 133.91M | 135.91M | 71.32M | 88.50M | 83.76M | 92.76M | 89.63M | 91.01M | 81.05M | 39.65M | 65.14M | 66.55M | 71.33M | 0.00 | 78.58M | 62.50M | 43.03M | 49.62M | 39.48M | 41.11M | 30.96M | 34.32M | 22.20M | 28.30M | 26.50M |
| Operating Income Ratio | 38.53% | 32.79% | 39.68% | 17.77% | 30.86% | 31.28% | 31.00% | 18.27% | 26.91% | 26.46% | 29.13% | 27.88% | 27.97% | 25.36% | 13.93% | 23.58% | 29.19% | 31.92% | 0.00% | 36.41% | 31.62% | 25.68% | 34.03% | 31.04% | 34.58% | 31.69% | 38.77% | 28.17% | 40.08% | 39.38% |
| Total Other Income/Expenses | -27.81M | -21.93M | -28.47M | -52.54M | -28.43M | -23.97M | -29.12M | -15.42M | -30.90M | -21.86M | -19.21M | -9.76M | -937.00K | -2.77M | -4.26M | -1.00 | -1.98M | -3.12M | 0.00 | -150.05M | -10.60M | -153.02M | -2.24M | -170.14M | -141.93M | -120.91M | -99.30M | -82.20M | -68.50M | -58.30M |
| Income Before Tax | 175.08M | 173.69M | 201.12M | 92.53M | 141.11M | 133.91M | 135.91M | 71.32M | 88.50M | 83.76M | 92.76M | 89.63M | 91.01M | 81.05M | 39.65M | 65.14M | 66.55M | 71.33M | 0.00 | 78.58M | 62.50M | 43.03M | 47.39M | 39.48M | 41.11M | 30.96M | 34.32M | 22.20M | 28.30M | 26.50M |
| Income Before Tax Ratio | 33.24% | 32.79% | 39.68% | 17.77% | 30.86% | 31.28% | 31.00% | 18.27% | 26.91% | 26.46% | 29.13% | 27.88% | 27.97% | 25.36% | 13.93% | 23.58% | 29.19% | 31.92% | 0.00% | 36.41% | 31.62% | 25.68% | 32.50% | 31.04% | 34.58% | 31.69% | 38.77% | 28.17% | 40.08% | 39.38% |
| Income Tax Expense | 40.12M | 40.03M | 46.80M | 17.67M | 30.68M | 28.42M | 41.44M | 21.65M | 27.96M | 21.80M | 26.20M | 26.24M | 26.86M | 23.52M | 7.00M | 16.97M | 17.46M | 19.79M | 0.00 | 22.77M | 19.85M | 16.96M | 13.74M | 12.70M | 13.91M | 10.91M | 13.00M | 8.50M | 10.80M | 10.20M |
| Net Income | 134.96M | 133.67M | 154.32M | 74.85M | 110.43M | 105.49M | 94.47M | 49.67M | 60.54M | 61.96M | 66.56M | 63.39M | 64.15M | 57.52M | 32.65M | 48.17M | 49.10M | 51.54M | 0.00 | 55.80M | 42.65M | 26.06M | 35.88M | 26.78M | 27.20M | 20.04M | 21.32M | 13.70M | 17.50M | 16.30M |
| Net Income Ratio | 25.63% | 25.23% | 30.44% | 14.38% | 24.15% | 24.64% | 21.55% | 12.73% | 18.41% | 19.57% | 20.90% | 19.72% | 19.71% | 18.00% | 11.47% | 17.44% | 21.53% | 23.06% | 0.00% | 25.86% | 21.58% | 15.56% | 24.61% | 21.06% | 22.88% | 20.52% | 24.09% | 17.39% | 24.79% | 24.22% |
| EPS | 1.06 | 1.05 | 1.22 | 0.62 | 1.05 | 1.03 | 0.94 | 0.50 | 0.64 | 0.68 | 0.74 | 0.68 | 0.64 | 0.53 | 0.30 | 0.44 | 0.44 | 0.46 | 0.00 | 0.49 | 0.39 | 0.24 | 0.34 | 0.25 | 0.26 | 0.19 | 0.20 | 0.13 | 0.17 | 0.10 |
| EPS Diluted | 1.06 | 1.05 | 1.21 | 0.62 | 1.04 | 1.02 | 0.92 | 0.49 | 0.64 | 0.67 | 0.73 | 0.68 | 0.64 | 0.53 | 0.30 | 0.44 | 0.44 | 0.46 | 0.00 | 0.48 | 0.39 | 0.24 | 0.33 | 0.25 | 0.25 | 0.19 | 0.20 | 0.13 | 0.17 | 0.10 |
| Weighted Avg Shares Out | 127.32M | 126.17M | 126.18M | 120.24M | 104.88M | 102.07M | 101.02M | 99.44M | 94.31M | 91.54M | 90.63M | 93.91M | 99.80M | 108.31M | 109.08M | 108.82M | 110.47M | 112.58M | 0.00 | 114.14M | 109.05M | 108.60M | 106.23M | 105.70M | 105.53M | 107.37M | 104.29M | 102.75M | 103.62M | 103.95M |
| Weighted Avg Shares Out (Dil) | 126.99M | 126.72M | 127.01M | 120.24M | 105.84M | 103.57M | 102.56M | 100.66M | 94.83M | 92.27M | 91.47M | 94.20M | 100.18M | 108.93M | 109.46M | 109.35M | 111.58M | 112.58M | 0.00 | 115.19M | 110.30M | 110.64M | 107.65M | 107.59M | 107.38M | 107.37M | 106.61M | 102.75M | 103.62M | 103.95M |
Northwest Bancshares (NWBI) Matches Q1 Earnings Estimates
Northwest Bancshares (NWBI) came out with quarterly earnings of $0.28 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.22 per share a year ago.
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Northwest Bancshares: The 5.7% Dividend Yield Is Attractive, Trading At 1.7x TBV Isn't
Northwest Bancshares was able to increase its net interest income, and this will boost future earnings. The loan loss provisions increased, but remain very manageable.
Why Northwest Bancshares (NWBI) is Poised to Beat Earnings Estimates Again
Northwest Bancshares (NWBI) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Northwest Bancshares (NWBI) Moves to Buy: Rationale Behind the Upgrade
Northwest Bancshares (NWBI) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
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Targeting dividend-paying stocks is a lucrative strategy that allows investors to receive a steady income stream, providing extra cushion to drawdowns in other positions.
Northwest Bancshares: Let It Fall, Then Pounce
Recent performance was stronger than expected, and higher rates will start bettering subsequent quarters. An exceptional dividend yield for a regional bank.
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Northwest Bancshares: A 6.6% Dividend Yield Doesn't Make The Stock Cheap
Northwest Bancshares operates branches in Pennsylvania, New York, Ohio and Indiana. The balance sheet appears to be quite robust, with plenty of attention for liquid securities and cash.
Source: https://incomestatements.info
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