Northwest Bancshares Full Year 2024 Earnings: EPS Beats Expectations, Revenues Lag

Simply Wall St.02-28

Northwest Bancshares (NASDAQ:NWBI) Full Year 2024 Results

Key Financial Results

Revenue: US$498.1m (down 5.4% from FY 2023).
Net income: US$100.2m (down 26% from FY 2023).
Profit margin: 20% (down from 26% in FY 2023). The decrease in margin was primarily driven by lower revenue.
EPS: US$0.79 (down from US$1.06 in FY 2023).

NWBI Banking Performance Indicators

Net interest margin (NIM): 3.26% (down from 3.28% in FY 2023).
Cost-to-income ratio: 70.5% (up from 64.0% in FY 2023).
Non-performing loans: 0.56% (down from 0.85% in FY 2023).

NasdaqGS:NWBI Revenue and Expenses Breakdown February 28th 2025

All figures shown in the chart above are for the trailing 12 month (TTM) period

Northwest Bancshares EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 5.0%. Earnings per share (EPS) exceeded analyst estimates by 1.1%.

In the last 12 months, the only revenue segment was Community Banking contributing US$498.1m. The largest operating expense was General & Administrative costs, amounting to US$330.6m (83% of total expenses). Explore how NWBI's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 18% p.a. on average during the next 2 years, compared to a 7.3% growth forecast for the Banks industry in the US.

Performance of the American Banks industry.

The company's shares are down 1.7% from a week ago.

Risk Analysis

It's still necessary to consider the ever-present spectre of investment risk. We've identified 1 warning sign with Northwest Bancshares, and understanding it should be part of your investment process.

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