secwatch.observer — SEC 8-K summary
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Issuer:     Northwest Bancshares, Inc. (NWBI)
CIK:        0001471265
Form:       8-K
Filed at:   2022-10-24T23:59:59+00:00
Accession:  0001471265-22-000107
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Northwest Bancshares Q3 net income $37.3M ($0.29/diluted), up 6.4% YoY; declares $0.20 dividend
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- Net income $37.3M, EPS $0.29 vs $35.1M, $0.27 YoY; NIM expanded 35 bps to 3.42%.
- Organic loan growth $241.7M (2.3%) + $67M small business equipment finance pool purchased.
- Provision for credit losses $7.7M vs credit of $4.4M YoY due to loan growth and economic forecast deterioration.
- Nonperforming assets dropped to $84.4M; classified loans to $237.7M; total DLQ 0.4%.
- Quarterly dividend $0.20 declared, payable Nov 14, record Nov 3; annualized yield ~5.9%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1471265/000147126522000107/0001471265-22-000107-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1471265/000147126522000107/nwbi-20221024.htm
  HTML page:      https://secwatch.observer/filing/0001471265-22-000107

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