Northwest Bancshares Third Quarter 2024 Earnings: In Line With Expectations

Simply Wall St.10-30

Northwest Bancshares (NASDAQ:NWBI) Third Quarter 2024 Results Key Financial Results Revenue: US$134.3m (down 2.9% from 3Q 2023). Net income: US$33.6m (down 14% from 3Q 2023). Profit margin: 25% (down...

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The decrease in margin was primarily driven by lower revenue.NasdaqGS:NWBI Earnings and Revenue Growth October 30th 2024. All figures shown in the chart above are for the trailing 12 month  period. Revenue was in line with analyst estimates. Earnings per share  was also in line with analyst expectations.Looking ahead, revenue is forecast to grow 9.4% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Banks industry in the US.The company's shares are up 1.8% from a week ago.Before you take the next step you should know about the 1 warning sign for Northwest Bancshares that we have uncovered.","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"NWBI":"Northwest Bancshares"},"translate_title":"Northwest Bancshares 2024年第三季度收益：符合预期","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"NWBI":1},"content_text":"Northwest Bancshares (NASDAQ:NWBI) Third Quarter 2024 Results\nKey Financial Results\n\nRevenue: US$134.3m (down 2.9% from 3Q 2023).\nNet income: US$33.6m (down 14% from 3Q 2023).\nProfit margin: 25% (down from 28% in 3Q 2023). The decrease in margin was primarily driven by lower revenue.\nEPS: US$0.26 (down from US$0.31 in 3Q 2023).\n\n\n\n\n  NasdaqGS:NWBI Earnings and Revenue Growth October 30th 2024\n \n\nAll figures shown in the chart above are for the trailing 12 month (TTM) period\nNorthwest Bancshares Meets Expectations\n Revenue was in line with analyst estimates. Earnings per share (EPS) was also in line with analyst expectations. \n Looking ahead, revenue is forecast to grow 9.4% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Banks industry in the US. \nPerformance of the American Banks industry.\n The company's shares are up 1.8% from a week ago. \nRisk Analysis\n Before you take the next step you should know about the 1 warning sign for Northwest Bancshares that we have uncovered. \nHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2479035262"}