COLUMBUS, Ohio — Northwest Bancshares Inc.,announced net income for the quarter ended Dec.31, 2021 of $30.1 million, or $0.24 per diluted share.

This represents a decrease of $5.0 million, or 14.3%, compared to the same quarter last year when net income was $35.1 million, or $0.28 per diluted share. The annualized returns on average shareholders’ equity and average assets for the quarter ended Dec. 31 were 7.65% and 0.82% compared to 9.00% and 1.01% for the same quarter last year.

The Company also announced that its Board of Directors declared a quarterly cash dividend of $0.20 per share payable on Feb. 14 to shareholders of record as of Feb. 3. This is the 109th consecutive quarter in which the Company has paid a cash dividend. Based on the market value of the Company’s common stock as of Dec. 31, 2021, this represents an annualized dividend yield of approximately 5.6%.