Northwest Bancshares (NWBI) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates

Core Insights - Northwest Bancshares (NWBI) reported revenue of $154.26 million for Q4 2024, marking a year-over-year increase of 13.9% and exceeding the Zacks Consensus Estimate by 9.40% [1] - The earnings per share (EPS) for the same quarter was $0.27, up from $0.24 a year ago, with an EPS surprise of 3.85% over the consensus estimate of $0.26 [1] Financial Performance Metrics - Efficiency Ratio was reported at 61.8%, better than the estimated 64.6% [4] - Net interest margin stood at 3.4%, slightly above the estimated 3.3% [4] - Average balance of total interest-earning assets was $13.39 billion, compared to the estimated $13.43 billion [4] - Net charge-offs to average loans, annualized, were 0.9%, higher than the average estimate of 0.2% [4] - Total noninterest income was $40.06 million, significantly exceeding the estimated $29.37 million [4] - Mortgage banking income was reported at $0.22 million, below the estimated $0.86 million [4] - Trust and other financial services income was $7.49 million, slightly below the estimated $8.04 million [4] - Other operating income reached $13.30 million, far exceeding the estimated $2.53 million [4] - Service charges and fees were reported at $15.98 million, in line with the estimated $15.97 million [4] - Net Interest Income was $114.20 million, above the estimated $111.46 million [4] - Income from bank-owned life insurance was $2.02 million, surpassing the estimated $1.23 million [4] Stock Performance - Shares of Northwest Bancshares have returned -1.9% over the past month, contrasting with the Zacks S&P 500 composite's +2.5% change [3] - The stock currently holds a Zacks Rank 1 (Strong Buy), indicating potential for outperformance in the near term [3]