NASDAQ$NWBI
Northwest Bancshares Inc · Q2 2023 earnings
Q2 2023 earnings · · Investor relations
Briefing
Announced second quarter 2023 earnings and quarterly dividend.
Northwest Bancshares reported net income of $33.0 million, or $0.26 per diluted share, for the quarter ended June 30, 2023. This represents a slight decrease of $382,000, or 1.1%, compared to the same quarter last year.
- Net income for the quarter ended June 30, 2023 was $33.0 million, or $0.26 per diluted share.
- Commercial loans have grown $416.9 million, or 42.2%, over the past year due to new commercial lending verticals.
- Net interest income increased by $8.3 million, or 8.3%, to $108.5 million for the quarter ended June 30, 2023, from $100.3 million for the quarter ended June 30, 2022.
- Classified loans decreased by $63.3 million, or 22.8%, to $214.1 million at June 30, 2023 from $277.4 million at June 30, 2022.
Headline financials
Revenue & EPS history
Northwest Bancshares · Revenue · Quarterly
$138M
Revenue by segment
Northwest Bancshares · $109M total across 6 segments · Q2 2020
- Loans receivable$103M—94.9%
- Mortgage-backed securities$4.04M—3.7%
- Tax-free investment securities$564K—0.5%
- Taxable investment securities$439K—0.4%
- FHLB stock dividends$309K—0.3%
- Interest-earning deposits$185K—0.2%
Forward guidance
We expect some additional net interest margin compression could continue for the remainder of the year.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2023
+0.4%
Avg return
Earnings day
+0.4%
Avg return
5 days after
+1.3%
Avg return
30 days after
50%
34 / 68 earnings
Positive
+6.3%
Q1 2020
Best reaction
-3.7%
Q3 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +5.0% | +3.3% | +4.4% | |
| Q4 2025 | +0.7% | +1.7% | +2.0% | |
| Q3 2025 | -3.7% | -6.4% | -3.8% | |
| Q1 2025 | +5.7% | +6.5% | +4.2% | |
| Q4 2024 | +0.1% | -1.7% | -4.6% | |
| Q3 2024 | -0.1% | -1.3% | +9.8% | |
| Q2 2024 | +3.2% | +7.1% | -0.8% | |
| Q1 2024 | -1.2% | -2.8% | +1.2% | |
| Q4 2023 | +6.1% | +7.0% | -4.1% | |
| Q3 2023 | +5.5% | +6.2% | +12.5% | |
| Q2 2023 | +1.5% | +5.5% | -6.0% | |
| Q1 2023 | -2.3% | +2.0% | -6.1% | |
| Q4 2022 | -0.4% | +0.7% | +0.5% | |
| Q3 2022 | +4.7% | +8.1% | +9.5% | |
| Q2 2022 | +4.2% | +10.0% | +10.0% | |
| Q1 2022 | -3.1% | -4.4% | -4.4% | |
| Q4 2021 | +2.2% | -1.8% | -2.1% | |
| Q3 2021 | +1.2% | -2.1% | +0.1% | |
| Q2 2021 | -3.4% | -1.1% | -3.0% | |
| Q1 2021 | +0.4% | -0.7% | -1.8% | |
| Q4 2020 | -3.3% | -8.0% | +4.4% | |
| Q3 2020 | -0.7% | +0.9% | +17.0% | |
| Q2 2020 | -1.9% | -0.8% | +0.7% | |
| Q1 2020 | +6.3% | -1.1% | +3.9% | |
| Q4 2019 | -2.8% | -2.7% | -7.9% | |
| Q3 2019 | +4.9% | +2.7% | +0.1% | |
| Q2 2019 | -2.5% | -2.0% | -7.7% | |
| Q1 2019 | +0.8% | +0.3% | +1.0% | |
| Q4 2018 | -1.5% | -2.7% | +2.1% | |
| Q3 2018 | -0.6% | -1.7% | +6.7% | |
| Q2 2018 | +1.5% | +0.8% | +3.2% | |
| Q1 2018 | +1.2% | +2.1% | +2.8% | |
| Q4 2017 | +0.9% | -0.1% | -1.0% | |
| Q3 2017 | -0.8% | -2.3% | -7.1% | |
| Q2 2017 | +5.0% | +3.9% | +1.2% | |
| Q1 2017 | -0.8% | -4.7% | -9.9% | |
| Q4 2016 | +0.6% | -1.5% | +4.5% | |
| Q3 2016 | +0.3% | -0.4% | +17.1% | |
| Q2 2016 | -0.6% | -1.1% | +1.5% | |
| Q1 2016 | +0.9% | — | — | |
| Q4 2015 | +2.0% | — | — | |
| Q3 2015 | +0.0% | — | — | |
| Q2 2015 | -1.4% | — | — | |
| Q1 2015 | +3.5% | — | — | |
| Q4 2014 | +0.3% | — | — | |
| Q3 2014 | -0.6% | — | — | |
| Q2 2014 | -3.4% | — | — | |
| Q1 2014 | -1.5% | — | — | |
| Q4 2013 | -0.6% | — | — | |
| Q3 2013 | +3.1% | — | — | |
| Q2 2013 | -1.1% | — | — | |
| Q1 2013 | +1.1% | — | — | |
| Q4 2012 | +1.1% | — | — | |
| Q3 2012 | +1.2% | — | — | |
| Q2 2012 | +2.4% | — | — | |
| Q1 2012 | +1.8% | — | — | |
| Q3 2009 | -1.7% | — | — | |
| Q4 2010 | -1.7% | — | — | |
| Q4 2009 | -1.7% | — | — | |
| Q2 2009 | -1.7% | — | — | |
| Q1 2009 | -1.7% | — | — | |
| Q4 2011 | -1.7% | — | — | |
| Q3 2010 | -2.9% | — | — | |
| Q3 2011 | -2.9% | — | — | |
| Q2 2010 | +0.1% | — | — | |
| Q2 2011 | +0.1% | — | — | |
| Q1 2010 | -0.1% | — | — | |
| Q1 2011 | -0.1% | — | — |
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