secwatch.observer — SEC 8-K summary
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Issuer:     Northwest Bancshares, Inc. (NWBI)
CIK:        0001471265
Form:       8-K
Filed at:   2024-12-17T23:59:59+00:00
Accession:  0001471265-24-000140
Event type: m_and_a
Sentiment:  positive
Materiality: 0.85
Item codes: 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Northwest Bancshares to acquire Penns Woods Bancorp in all-stock deal valued ~$270M
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- All-stock acquisition of Penns Woods Bancorp for ~$270.4M; exchange ratio 2.385 NWBI shares per PWOD share.
- Consideration valued at $34.44/share, ~139% tangible book, 12.8x LTM core earnings, 5.2% core deposit premium.
- Transaction expected ~23% accretive to 2026 EPS; TBV dilution ~9%, earnback <3 years using cross-over method.
- Pro forma combined assets >$17B; adds 24 branches in PA; expected close Q3 2025.
- Richard Grafmyre (CEO of Penns Woods) to join Northwest board post-closing.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1471265/000147126524000140/0001471265-24-000140-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1471265/000147126524000140/nwbi-20241216.htm
  HTML page:      https://secwatch.observer/filing/0001471265-24-000140

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