secwatch.observer — SEC 8-K summary
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Issuer:     Northwest Bancshares, Inc. (NWBI)
CIK:        0001471265
Form:       8-K
Filed at:   2025-01-24T23:59:59+00:00
Accession:  0001471265-25-000005
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

NWBI Q4 net income rises to $33M; NIM 3.42%; declares $0.20 dividend; Penns Woods deal
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- Net income of $33M ($0.26 diluted EPS) vs $29M ($0.23) in Q4 2023; adjusted net income $35M ($0.27).
- Net interest margin expanded 9 bps to 3.42% from 3.16% a year ago; efficiency ratio improved to 61.8%.
- Dividend declared $0.20/share (121st consecutive quarter), payable Feb 14, 2025; annualized yield ~6.1%.
- Entered agreement to acquire Penns Woods Bancorp; expected close Q3 2025.
- Provision for credit losses $16.6M (up from $4.9M in Q3); net charge-offs 0.87% annualized due to loan sales.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1471265/000147126525000005/0001471265-25-000005-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1471265/000147126525000005/nwbi-20250124.htm
  HTML page:      https://secwatch.observer/filing/0001471265-25-000005

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