Northwest Bancshares (NWBI) exceeded earnings expectations in Q2, but revenues missed estimates.

From Nasdaq: 2024-07-23 08:35:04

Northwest Bancshares (NWBI) exceeded expectations with quarterly earnings of $0.27 per share, beating the Zacks Consensus Estimate of $0.23 per share. The company posted revenues of $97.99 million for the quarter ended June 2024, missing estimates by 26.75%. NWBI shares have gained 6.7% year-to-date, underperforming the market. Additionally, Heritage Financial (HFWA) is set to report its quarterly results on July 25, with expected earnings of $0.41 per share, down 14.6% from last year. Revenues are anticipated to be $58.27 million, a decrease of 7.7% from the year-ago quarter.



Read more at Nasdaq: Northwest Bancshares (NWBI) Tops Q2 Earnings Estimates