secwatch.observer — SEC 8-K summary
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Issuer:     Northwest Bancshares, Inc. (NWBI)
CIK:        0001471265
Form:       8-K
Filed at:   2022-07-25T23:59:59+00:00
Accession:  0001471265-22-000095
Event type: earnings
Sentiment:  neutral
Materiality: 0.50
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Northwest Bancshares Q2 net income $33.4M ($0.26/share), down 31.7% YoY; declares $0.20 dividend
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- Net income $33.4M ($0.26 diluted EPS) vs $49.0M ($0.38) in Q2 2021, down 31.7% partly due to prior-year insurance sale gain of $25.3M pre-tax.
- Organic loan growth of ~$200M (2%) plus $50M jumbo mortgage pool and $43M equipment finance; net interest margin expanded 32bp to 3.07%.
- Asset quality improved: nonperforming loans $100M, classified loans $277.4M, net charge-offs 0.14% annualized, provision $2.6M.
- Board declared $0.20 quarterly dividend, payable Aug 15 to Aug 4 record, 111th consecutive quarter, ~6% annualized yield.
- Following CEO's passing, CFO William Harvey Jr. named interim CEO; Lead Director Fannin interim Chairman.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1471265/000147126522000095/0001471265-22-000095-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1471265/000147126522000095/nwbi-20220725.htm
  HTML page:      https://secwatch.observer/filing/0001471265-22-000095

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