NASDAQ$NWBI
Northwest Bancshares Inc · Q4 2024 earnings
Q4 2024 earnings · · Before market open · Investor relations
Briefing
Reported a net income of $33 million and EPS of $0.26, driven by strategic growth and transformation.
Northwest Bancshares reported a net income of $33 million, or $0.26 per diluted share, for Q4 2024. The results reflect an increase compared to the same quarter last year. The company's net interest margin expanded, and the efficiency ratio improved.
- Net income for Q4 2024 was $33 million, or $0.26 per diluted share.
- Adjusted net income (non-GAAP) was $35 million, or $0.27 per diluted share.
- Net interest margin expanded 9 basis points to 3.42%, inclusive of 6bps from an interest recovery.
- Efficiency ratio improved to 61.8%.
Headline financials
Revenue & EPS history
Northwest Bancshares · Revenue · Quarterly
$114M
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
The company's focus on commercial banking and deposit growth has delivered an increase in average C&I loans and sustainable deposit generation while maintaining a stable cost of funds. Northwest has entered 2025 with significant momentum driven by improvements in net interest margin and efficiency ratio.
Tailwinds
- Strategic growth and transformation focus driving results.
- Increase in average C&I loans.
- Sustainable deposit generation.
- Stable cost of funds.
- Improvements in net interest margin and efficiency ratio.
Headwinds
- Changes in the interest rate environment.
- Competitive pressure among financial services companies.
- General economic conditions including inflation and an increase in non-performing loans.
- Changes in legislation or regulatory requirements.
- Difficulties in continuing to improve operating efficiencies.
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 Q4 2024
+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% | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro