Northwest Bancshares' Q2 Adjusted Operating Earnings Flat, Revenue Declines

MT Newswires Live07-23

Northwest Bancshares (NWBI) reported Q2 adjusted operating earnings Tuesday of $0.27 per diluted share, unchanged from a year earlier.

Analysts polled by Capital IQ expected $0.22.

Revenue for the quarter ended June 30, expressed as the sum of net interest income and total noninterest income, was $98.0 million, compared with $138.3 million a year earlier.

Analysts surveyed by Capital IQ expected $125.2 million.

The company maintained a quarterly cash dividend of $0.20 per share, payable on Aug. 14 to shareholders of record on Aug. 2.

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