secwatch.observer — SEC 8-K summary
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Issuer:     Northwest Bancshares, Inc. (NWBI)
CIK:        0001471265
Form:       8-K
Filed at:   2023-04-24T23:59:59+00:00
Accession:  0001471265-23-000067
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Northwest Bancshares Q1 net income $33.7M, up 19% YoY; declares $0.20 dividend
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- Net income $33.7M ($0.26 diluted EPS) vs $28.3M ($0.22) prior year; increase of 19.1%.
- Net interest margin 3.47% (down 10 bps from prior quarter); loan growth $171.8M (1.6%).
- Dividend declared $0.20/share, payable May 15 to record May 4; 114th consecutive quarter; yield ~6.7%.
- Asset quality improved: NPAs $79.8M; classified loans $208.6M, down 34.8% YoY.
- Uninsured deposits only 13.6% of total; available liquidity $3.6B; deposit granularity with avg balance ~$16K.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1471265/000147126523000067/0001471265-23-000067-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1471265/000147126523000067/nwbi-20230424.htm
  HTML page:      https://secwatch.observer/filing/0001471265-23-000067

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