WARREN — Northwest Bancshares Inc. announced net income for the quarter ended Dec. 31, 2020 of $35.1 million, or $0.28 per diluted share.

This represents an increase of $9.5 million, or 37.0%, compared to the same quarter last year when net income was $25.6 million, or $0.24 per diluted share. The annualized returns on average shareholders’ equity and average assets for the quarter ended Dec. 31, 2020 were 9.00% and 1.01% compared to 7.52% and 0.97% for the same quarter last year.

The company also announced that its Board of Directors declared a quarterly cash dividend of $0.19 per share payable on Feb. 15, 2021 to shareholders of record as of Feb. 4, 2021. This is the 105th consecutive quarter in which the Company has paid a cash dividend.