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AI brief of an SEC Form 8-K · Northwest Bancshares (NWBI)

Northwest Bancshares Q3 net income falls to $34 million, $0.26 a share

Mixed Impact 3 of 5 earnings Written later

Northwest Bancshares reported third-quarter 2024 net income of $34 million, or $0.26 per diluted share, down from $39 million, or $0.31, a year earlier but up from $5 million, or $0.04, in the second quarter, which included a $39 million loss on sale of investments. The company said its net interest margin widened to 3.33% and declared a $0.20 quarterly dividend. Higher credit loss provisions and a rise in classified loans to $320 million are items shareholders may watch.

Key points

  • Q3 2024 net income $34 million, $0.26 diluted EPS, versus $39 million, $0.31 in Q3 2023 and $5 million, $0.04 in Q2 2024
  • Net interest margin rose to 3.33% from 3.23% a year earlier; net interest income was $111.3 million
  • Quarterly dividend of $0.20 per share, payable November 18, 2024, to holders of record as of November 8, 2024; 120th consecutive quarterly dividend
  • Provision for credit losses was $4.9 million; classified loans rose to $320 million, or 2.83% of total loans

The filing

CompanyNorthwest Bancshares (NWBI)
Form8-K, current report
Filed with the SECOct 29, 2024, 7:33 AM ET
Accession number0001471265-24-000133

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 6:56 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 29, 2024.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.