secwatch.observer — SEC 8-K summary
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Issuer:     Northwest Bancshares, Inc. (NWBI)
CIK:        0001471265
Form:       8-K
Filed at:   2024-01-22T23:59:59+00:00
Accession:  0001471265-24-000002
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1471265/000147126524000002/0001471265-24-000002-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1471265/000147126524000002/nwbi-20240122.htm
  HTML page:      https://secwatch.observer/filing/0001471265-24-000002

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