---
schema_version: "secwatch.filing_event.v1"
accession: "0001471265-24-000002"
form_type: "8-K"
ticker: "NWBI"
cik: "0001471265"
company_name: "Northwest Bancshares, Inc."
filed_at: "2024-01-22T23:59:59+00:00"
generated_at: "2026-06-06T20:36:39.892501+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Northwest Bancshares Q4 net income down 16.3% to $29.0M; declares $0.20 dividend

## Summary
- Diluted EPS of $0.23 vs $0.27 in Q4 2022; net income $29.0M, down $5.6M.
- Quarterly cash dividend of $0.20/share declared, payable Feb 14 to holders of record Feb 2.
- Net interest income fell 9.2% to $106.3M; net interest margin narrowed to 3.16% from 3.57%.
- Commercial loans grew 17.1% (+$677.2M) and deposit base grew $515.4M during 2023.
- Full year 2023 EPS $1.06 vs $1.05; noninterest expense up 2.1% due to $3.5M restructuring costs.

## SEC filing metadata
- accession: 0001471265-24-000002
- form_type: 8-K
- ticker: NWBI
- cik: 0001471265
- company_name: Northwest Bancshares, Inc.
- filed_at: 2024-01-22T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1471265/000147126524000002/0001471265-24-000002-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1471265/000147126524000002/nwbi-20240122.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001471265-24-000002
- JSON: https://secwatch.observer/filing/0001471265-24-000002.json
- Plain text: https://secwatch.observer/filing/0001471265-24-000002.txt

## Key facts
- Earnings Releases
  Northwest Bancshares, Inc. reported the quarter ended December 31, 2023 results: net income $29.0 million, EPS $0.23 per diluted share.
  - Period: the quarter ended December 31, 2023
  - Net income: $29.0 million
  - EPS: $0.23 per diluted share
  - Result: reported results
  source text: Northwest Bancshares, Inc., (the “Company”), (NasdaqGS: NWBI) announced net income for the quarter ended December 31, 2023 of $29.0 million, or $0.23 per diluted share.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1471265/000147126524000002/0001471265-24-000002-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.