secwatch.observer — SEC 8-K summary
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Issuer:     Northwest Bancshares, Inc. (NWBI)
CIK:        0001471265
Form:       8-K
Filed at:   2024-10-29T23:59:59+00:00
Accession:  0001471265-24-000133
Event type: earnings
Sentiment:  neutral
Materiality: 0.55
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Northwest Bancshares Q3 net income $34M ($0.26 EPS), NIM expands to 3.33%, dividend $0.20
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- Net income $34M vs $39M YoY; prior quarter (Q2) was $5M due to $39M securities loss.
- Net interest margin rose 13 bps to 3.33%, including 4 bps interest recovery; loan yield 5.57%.
- Total provision for credit losses $4.9M vs -$0.4M in Q2; classified loans $320M (2.83%) up from $257M (2.26%) QoQ, driven by Long Term Healthcare.
- Average deposits up $10M QoQ; average borrowings down $103M; noninterest expense fell $2M to $90.8M.
- Board declared $0.20 quarterly dividend payable Nov 18 to holders of record Nov 8 — 120th consecutive quarter.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1471265/000147126524000133/0001471265-24-000133-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1471265/000147126524000133/nwbi-20241029.htm
  HTML page:      https://secwatch.observer/filing/0001471265-24-000133

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