secwatch.observer — SEC 8-K summary
======================================

Issuer:     Northwest Bancshares, Inc. (NWBI)
CIK:        0001471265
Form:       8-K
Filed at:   2023-07-24T23:59:59+00:00
Accession:  0001471265-23-000118
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 $33M ($0.26/diluted), flat YoY; declares $0.20 dividend
--------------------------------------------------------------------------------

- Net income $33.0M ($0.26 diluted) vs $33.4M ($0.26) in Q2 2022, down 1.1%.
- Net interest income +8.3% to $108.5M; NIM 3.28% vs 3.07% YoY but compressed from 3.47% in Q1.
- Commercial loans +42.2% YoY; sold MSRs on $1.3B loans for $8.3M gain, reallocated to higher-yielding loans.
- Quarterly dividend $0.20/share, payable Aug 14, record Aug 3; 115th consecutive quarterly dividend.
- Classified loans down 22.8% to $214.1M; delinquencies up to 0.64% from 0.49% due to two admin delinquencies now current.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1471265/000147126523000118/0001471265-23-000118-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1471265/000147126523000118/nwbi-20230724.htm
  HTML page:      https://secwatch.observer/filing/0001471265-23-000118

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