secwatch.observer — SEC 8-K summary
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Issuer:     Northwest Bancshares, Inc. (NWBI)
CIK:        0001471265
Form:       8-K
Filed at:   2023-01-23T23:59:59+00:00
Accession:  0001471265-23-000002
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Q4 net income $34.6M ($0.27 EPS), up 15.3% YoY; dividend $0.20/share
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- Net income $34.6M vs $30.1M YoY; diluted EPS $0.27 vs $0.24.
- Net interest margin expanded to 3.57% from 2.89% YoY; net interest income up 21.1% to $117M.
- Organic loan growth $178.9M (1.7%) in Q4; classified loans fell 34.9% to $236.2M.
- Restructuring: workforce reduction ~12% with $4.2M severance in Q4, additional $3.2M in Q1 2023; annual savings ~$16M.
- Quarterly dividend $0.20 per share, payable Feb 14, 2023 to holders of record Feb 2, 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1471265/000147126523000002/0001471265-23-000002-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1471265/000147126523000002/nwbi-20230123.htm
  HTML page:      https://secwatch.observer/filing/0001471265-23-000002

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