Northwest Bancshares: 3 Key Takeaways for Long-Term Investors
Nov 5, 12:30 PM·
Medium Optimistic
Summary
Northwest Bancshares (NWBI) reported third-quarter revenue of $185 million, up 9% year over year. Average commercial and industrial loans rose 31% year over year, signaling continued strength in its commercial lending book.
Northwest Bancshares Reports Third-Quarter Revenue of $185 Million, Up 9%
Northwest Bancshares (NWBI) reported third-quarter revenue of $185 million, an increase of 9% year over year, according to an earnings takeaways article published by fool.com.
Commercial Lending Growth
The company’s commercial lending book showed continued strength in the quarter:
- Average commercial and industrial loans grew 31% year over year.
Key Figures at a Glance
| Metric | Change |
|---|---|
| Third-quarter revenue | $185 million, up 9% year over year |
| Average commercial and industrial loans | Up 31% year over year |
The source material covers these two figures and does not include additional detail on earnings, margins, credit quality or guidance.