NWBI - Northwest Bancshares: Another Income Name To Run A House Position In
2024-01-22 18:30:17 ET
Summary
- Northwest Bancshares, Inc.'s Q4 earnings were mixed, but revenues beat expectations and net income increased by 5.1% from a year ago.
- Loans and deposits grew, indicating solid performance for the bank.
- Asset quality remained strong, with improvements in delinquent loans and nonperforming assets. The bank also pays a high dividend yield of 6.6%.
- After a 26% return, we think you pocket the easy money and run a long-term house position.
We have covered several regional banks this earnings season to get a feel for how local economies are doing. What we have seen so far is that the fear of loan growth and deposit balances falling has not really materialized. It has been mixed, however....
Northwest Bancshares: Another Income Name To Run A House Position In