secwatch.observer — SEC 8-K summary
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Issuer:     Northwest Bancshares, Inc. (NWBI)
CIK:        0001471265
Form:       8-K
Filed at:   2025-07-29T23:59:59+00:00
Accession:  0001471265-25-000130
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Northwest Bancshares Q2 net income $34M, EPS $0.26; classified loans jump to 4.57% of portfolio
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- GAAP net income $34M ($0.26 diluted EPS) vs $5M ($0.04) YoY; adjusted net income $38M ($0.30).
- Net interest margin 3.56% (3.20% YoY); net interest income $119M, +11.8% YoY but -6.6% QoQ due to large non-accrual recovery in prior quarter.
- Classified loans surged to $518M (4.57% of loans) from $279M (2.49%) at Q1 2025, driven by commercial real estate downgrades.
- Provision for credit losses $8.7M vs $7.9M prior quarter and ($0.4M) prior year; increase tied to CRE portfolio and downgrades.
- Quarterly cash dividend of $0.20/share declared, payable Aug 19, record Aug 8; annualized yield ~6.3% (123rd consecutive quarter).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1471265/000147126525000130/0001471265-25-000130-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1471265/000147126525000130/nwbi-20250729.htm
  HTML page:      https://secwatch.observer/filing/0001471265-25-000130

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