Northwest Announces Q1 2025 Net Income Of $43 Million, Or $0.34 Per Diluted Share
May 3, 2025 at 1:00 a.m.
COLUMBUS, Ohio — Northwest Bancshares Inc. announced net income for the quarter ended March 31 of $43 million, or $0.34 per diluted share. This represents an increase of $14 million compared to the same quarter last year, when net income was $29 million, or $0.23 per diluted share, and an increase of $11 million compared to the prior quarter, when net income was $33 million, or $0.26 per diluted share. The annualized returns on average shareholders’ equity and average assets for the quarter ended March 31 were 10.90% and 1.22% compared to 7.57% and 0.81% for the same quarter last year and 8.20% and 0.91% from the prior quarter.
Louis J. Torchio, president and CEO, Northwest Bancshares, said, “Our strong performance, with record earnings for a first quarter and one of the best quarters in Northwest’s history, is a result of the Northwest team’s continued rigorous focus on execution, and cost control and risk management discipline. We continue to enhance our capabilities, expand our footprint and provide personalized services and expertise to our consumers, companies and the communities we serve.”
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COLUMBUS, Ohio — Northwest Bancshares Inc. announced net income for the quarter ended March 31 of $43 million, or $0.34 per diluted share. This represents an increase of $14 million compared to the same quarter last year, when net income was $29 million, or $0.23 per diluted share, and an increase of $11 million compared to the prior quarter, when net income was $33 million, or $0.26 per diluted share. The annualized returns on average shareholders’ equity and average assets for the quarter ended March 31 were 10.90% and 1.22% compared to 7.57% and 0.81% for the same quarter last year and 8.20% and 0.91% from the prior quarter.
Louis J. Torchio, president and CEO, Northwest Bancshares, said, “Our strong performance, with record earnings for a first quarter and one of the best quarters in Northwest’s history, is a result of the Northwest team’s continued rigorous focus on execution, and cost control and risk management discipline. We continue to enhance our capabilities, expand our footprint and provide personalized services and expertise to our consumers, companies and the communities we serve.”