---
schema_version: "secwatch.filing_event.v1"
accession: "0001471265-24-000067"
form_type: "8-K"
ticker: "NWBI"
cik: "0001471265"
company_name: "Northwest Bancshares, Inc."
filed_at: "2024-04-22T23:59:59+00:00"
generated_at: "2026-06-03T13:45:09.628088+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Northwest Bancshares Q1 net income $29M ($0.23 EPS); declares $0.20 dividend; plans securities repositioning

## Summary
- Net income $29M ($0.23 diluted EPS) vs $34M ($0.26) in prior year, down 13%.
- Quarterly dividend $0.20 per share unchanged; payable May 15 to holders of record May 2.
- Planning to sell up to 15% of securities portfolio; expects $40M pre-tax loss ($30M after tax) for yield pickup of 375-400 bps.
- Average loans up 4% to $11.35B; deposits up 4% to $11.89B; borrowings down 37% to $470M.
- Net interest margin fell to 3.10% from 3.46% due to higher deposit costs.

## SEC filing metadata
- accession: 0001471265-24-000067
- form_type: 8-K
- ticker: NWBI
- cik: 0001471265
- company_name: Northwest Bancshares, Inc.
- filed_at: 2024-04-22T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1471265/000147126524000067/0001471265-24-000067-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1471265/000147126524000067/nwbi-20240422.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001471265-24-000067
- JSON: https://secwatch.observer/filing/0001471265-24-000067.json
- Plain text: https://secwatch.observer/filing/0001471265-24-000067.txt

## Key facts
- Earnings Releases
  Northwest Bancshares, Inc. reported First Quarter 2024 results: net income $29 million, EPS $0.23 per diluted share.
  - Period: First Quarter 2024
  - Net income: $29 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 March 31, 2024 of $29 million, or $0.23 per diluted share.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1471265/000147126524000067/0001471265-24-000067-index.htm

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