Northwest Bancshares, Inc. Announces Fourth Quarter 2024 net income of $33 million, or $0.26 per diluted share
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Northwest Bancshares, Inc. reported a fourth-quarter 2024 net income of $33 million, or $0.26 per diluted share, with an adjusted net income of $35 million, or $0.27 per diluted share. The net interest margin expanded by 9 basis points to 3.42%, and the efficiency ratio improved to 61.8%. The company declared its 121st consecutive quarterly dividend of $0.20 per share.
January 24, 2025 | 12:45 pm
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Northwest Bancshares, Inc. reported a solid Q4 2024 with net income of $33 million, an increase from the previous year. The net interest margin improved, and the company declared its 121st consecutive dividend.
The increase in net income compared to the previous year and the improvement in net interest margin are positive indicators for NWBI. The consistent dividend declaration further supports investor confidence.
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RELEVANCE 100