secwatch.observer — SEC 8-K summary
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Issuer:     Northwest Bancshares, Inc. (NWBI)
CIK:        0001471265
Form:       8-K
Filed at:   2022-04-25T23:59:59+00:00
Accession:  0001471265-22-000019
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Northwest Bancshares Q1 net income falls 29.7% to $28.3M; declares $0.20 dividend
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- Net income $28.3M ($0.22 diluted EPS) vs $40.2M ($0.32) in Q1 2021, down 29.7%.
- Net interest income $90.6M (-9.8% YoY); net interest margin 2.75% vs 3.18%.
- Purchased $72M equipment finance pool and $138M jumbo mortgage package to deploy liquidity.
- Asset quality improved: classified loans down $147.9M; delinquency 0.74% below pre-pandemic levels.
- Board declares $0.20 quarterly dividend (110th consecutive), payable May 16, record May 5.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1471265/000147126522000019/0001471265-22-000019-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1471265/000147126522000019/nwbi-20220425.htm
  HTML page:      https://secwatch.observer/filing/0001471265-22-000019

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer