Highest-materiality recent filing
Northwest Bancshares Q2 2026 net income $54M record; EPS $0.36, up 59% YoY
GAAP net income $54M ($0.36 diluted EPS) vs $34M ($0.26) YoY; adjusted EPS $0.37.
NWBI grants 125,298 RSUs to CEO Torchio after plan limit increase
Compensation Committee approved 125,298 RSUs to CEO Lou Torchio on July 22, 2026, effective July 31, 2026.
NWBI shareholders approve 2026 equity plans, elect directors at annual meeting
Shareholders approved 2026 Equity Incentive Plan (96.4% of votes cast in favor).
NW Bancshares Q1 net income $51M (+16% YoY); declares $0.20 dividend; new $50M buyback
GAAP net income of $51M ($0.34 diluted EPS) vs $43M ($0.34) in Q1 2025; adjusted EPS $0.35.
Northwest Bancshares Q4 net income $46M ($0.31 diluted EPS); revenue record $180M
Net income $46M ($0.31 diluted EPS), up from $33M ($0.26) a year ago; adjusted net income $49M ($0.33).
GAAP net income $3M ($0.02/diluted share), down from $34M ($0.26) in Q2 2025 and Q3 2024.
Northwest Bancshares Q2 net income $34M, EPS $0.26; classified loans jump to 4.57% of portfolio
GAAP net income $34M ($0.26 diluted EPS) vs $5M ($0.04) YoY; adjusted net income $38M ($0.30).
Northwest Bancshares completes acquisition of Penns Woods Bancorp
Each Penns Woods share converted into 2.385 shares of NWBI common stock; fractional shares paid in cash.
Northwest Bancshares appoints Timothy M. Hunter as Non-Executive Chairman
Timothy B. Fannin stepped down as Board Chair; Hunter succeeds him effective May 12, 2025.
Net income of $43M ($0.34 diluted EPS) vs $29M ($0.23) in Q1 2024; adjusted EPS $0.35.
Northwest Bancshares receives all regulatory and shareholder approvals for Penns Woods merger
Received FDIC, Pennsylvania Department of Banking and Securities, and Federal Reserve Bank of Cleveland approvals.
Four director nominees elected: Campana (83.8M for), Fannin (81.9M), Meegan (78.1M), Paup (85.3M); broker non-votes 14.7M.
NWBI Q4 net income rises to $33M; NIM 3.42%; declares $0.20 dividend; Penns Woods deal
Net income of $33M ($0.26 diluted EPS) vs $29M ($0.23) in Q4 2023; adjusted net income $35M ($0.27).
Northwest Bancshares to acquire Penns Woods Bancorp in all-stock deal at 2.385x exchange ratio
Exchange ratio: 2.385 shares of NWBI common stock for each PWOD share.
Northwest Bancshares to acquire Penns Woods Bancorp in all-stock deal valued ~$270M
All-stock acquisition of Penns Woods Bancorp for ~$270.4M; exchange ratio 2.385 NWBI shares per PWOD share.
NWBI amends CEO/CFO employment agreements, grants $2M RSU retention award to CEO
On Nov 20, Compensation Committee approved amended agreements for CEO Louis Torchio and CFO Douglas Schosser.
Northwest Bancshares Q3 net income $34M ($0.26 EPS), NIM expands to 3.33%, dividend $0.20
Net income $34M vs $39M YoY; prior quarter (Q2) was $5M due to $39M securities loss.
Northwest Bancshares to release Q3 2024 results on October 29, 2024
Q3 2024 results to be released Oct 29, 2024 at 7:30 a.m. EDT; conference call at 9:00 a.m. EDT.
Northwest Bank appoints Joseph Canfield as Chief Accounting Officer
Joseph Canfield named CAO of Northwest Bank, replacing Jeffrey J. Maddigan who remains Corporate Treasurer.
NWBI Q2 GAAP EPS $0.04 on $39M securities loss; adjusted EPS $0.27
GAAP net income $5M ($0.04/diluted) vs $33M ($0.26) in Q2 2023; adjusted net operating income $35M ($0.27), up from $34M.
Northwest Bancshares sets Q2 2024 earnings call for July 23
Press release issued July 12 announcing Q2 2024 results release and conference call.
NWBI: SEVP Golding departs with $1.6M severance; Urich Bowers named Chief Consumer Banking Officer
John J. Golding, SEVP Chief Consumer Banking Officer, departed June 17, 2024; receives approx. $1.6M severance.
Net income $29M ($0.23 diluted EPS) vs $34M ($0.26) in prior year, down 13%.
Northwest Bancshares shareholders elect directors, ratify auditor, approve say-on-pay
All four director nominees elected: Chadsey (82.6M for, 3.8M withheld), Davis (75.7M for, 10.8M withheld), Hunter (82.1M for, 4.3M withheld), Tullio (84.1M for, 2.3M withheld).
Northwest Bancshares appoints Doug Schosser CFO, effective March 18, 2024
Douglas M. Schosser named CFO, succeeding William W. Harvey who announced retirement last fall.
Company made an investor presentation available at the 2024 KBW Winter Financial Services Conference on February 15, 2024.
Northwest Bancshares Q4 net income down 16.3% to $29.0M; declares $0.20 dividend
Diluted EPS of $0.23 vs $0.27 in Q4 2022; net income $29.0M, down $5.6M.
Northwest Bancshares Q3 net income $39.2M, EPS $0.31; declares $0.20 dividend
Net income of $39.2M ($0.31 diluted EPS) vs $37.3M ($0.29) YoY, up 5.1%.
Northwest Bancshares CFO/COO William Harvey to retire by Dec 31, 2024; search for successor started
Harvey steps down as CFO by June 30, 2024, retires as COO and director on Dec 31, 2024.
Northwest Bancshares Q2 net income $33M ($0.26/diluted), flat YoY; declares $0.20 dividend
Net income $33.0M ($0.26 diluted) vs $33.4M ($0.26) in Q2 2022, down 1.1%.
Northwest Bank appoints Jay DesMarteau as Chief Commercial Banking Officer
DesMarteau named Senior EVP, Chief Commercial Banking Officer effective June 20, 2023.
Northwest Bancshares announces departure of Senior EVP Mark T. Reitzes; $1.6M severance
Mark T. Reitzes, Senior Executive Vice President of Commercial Banking, departing effective June 9, 2023.
Northwest Bancshares appoints Amber L. Williams to board of directors
Amber L. Williams appointed to Northwest Bancshares Board effective May 17, 2023.
Northwest Bancshares Q1 net income $33.7M, up 19% YoY; declares $0.20 dividend
Net income $33.7M ($0.26 diluted EPS) vs $28.3M ($0.22) prior year; increase of 19.1%.
Director William F. McKnight retires; shareholders ratify KPMG and approve exec pay
William F. McKnight's term expired at April 19, 2023 annual meeting; retired due to mandatory age limit, not a disagreement.
Director Sonia M. Probst to retire from Northwest Bancshares board after April 2023 annual meeting
Sonia M. Probst notified boards of Northwest Bancshares and Northwest Bank of her retirement on February 21, 2023.
NWBI to present at KBW Winter Financial Services Conference on Feb 16, 2023
Filing discloses a presentation for the KBW conference with CEO Louis Torchio and CFO William Harvey.
Q4 net income $34.6M ($0.27 EPS), up 15.3% YoY; dividend $0.20/share
Net income $34.6M vs $30.1M YoY; diluted EPS $0.27 vs $0.24.
Northwest Bancshares Q3 net income $37.3M ($0.29/diluted), up 6.4% YoY; declares $0.20 dividend
Net income $37.3M, EPS $0.29 vs $35.1M, $0.27 YoY; NIM expanded 35 bps to 3.42%.
Northwest Bancshares names Louis J. Torchio President & CEO; Harvey becomes COO
Louis J. Torchio appointed President and CEO of NWBI and Northwest Bank, effective August 17, 2022.
Northwest Bancshares Q2 net income $33.4M ($0.26/share), down 31.7% YoY; declares $0.20 dividend
Net income $33.4M ($0.26 diluted EPS) vs $49.0M ($0.38) in Q2 2021, down 31.7% partly due to prior-year insurance sale gain of $25.3M pre-tax.
NWBI CFO William Harvey to serve as interim President & CEO; temporary pay increase of $27,760/month
William W. Harvey Jr., CFO, appointed interim President & CEO effective June 22, 2022, until permanent CEO named.
Northwest Bancshares CEO Ronald J. Seiffert dies unexpectedly; interim CEO and Chair appointed
Chairman, President & CEO Ronald J. Seiffert passed away of natural causes on May 24, 2022.
Northwest Bancshares Q1 net income falls 29.7% to $28.3M; declares $0.20 dividend
Net income $28.3M ($0.22 diluted EPS) vs $40.2M ($0.32) in Q1 2021, down 29.7%.
NWBI stockholders approve 2022 equity plan, elect directors, ratify KPMG
Stockholders approved the 2022 Equity Incentive Plan, enabling equity awards to key employees and directors.
Northwest Bancshares commits to add diverse director if Hispanic nominee not elected
Company nominates Pablo A. Vegas, who self-identifies as Hispanic/Latinx, for board election at 2022 Annual Meeting.
Jeffrey R. White appointed SVP, Deputy Chief Risk Officer; will step down as Controller and Principal Accounting Officer.
Northwest Bancshares Q4 net income falls 14.3% to $30.1M; declares $0.20 dividend
Net income Q4 2021: $30.1M ($0.24/sh), down from $35.1M ($0.28/sh) Q4 2020.
Deleted Section 4(f) from agreements of CEO, CFO, and three other SEVPs, eliminating benefit reduction upon change in control.
NWBI Q3 2021 net income $35.1M ($0.27 EPS) down 7.9% YoY; declares $0.20 dividend
Net income $35.1M, diluted EPS $0.27 vs $38.1M, $0.30 in Q3 2020.
On August 5, 2024, Northwest Bank, the wholly-owned subsidiary of Northwest Bancshares, Inc. (the “Company”), appointed Joseph Canfield as Chief Accounting Officer.
On June 17, 2024, Northwest Bancshares, Inc. (the “Company”) announced the departure of John J. Golding, Senior Executive Vice President, Chief Consumer Banking Officer, effective June 17, 2024.
On February 26, 2024, Northwest Bancshares, Inc. (the “Company”) and its wholly-owned subsidiary, Northwest Bank, appointed Douglas M. Schosser Chief Financial Officer, effective March 18, 2024.
Mr. Harvey will transition from his role as Chief Financial Officer on June 30, 2024
Mr. Harvey will then retire as Chief Operating Officer and as a director from the Company and the Bank on December 31, 2024
On June 6, 2023, Northwest Bancshares, Inc. (the “Company”) announced the departure of Mark T. Reitzes, Senior Executive Vice President, Commercial Banking, effective June 9, 2023.
Northwest Bancshares, Inc. (the “Company”) announced that Amber L. Williams has been appointed to the Company’s Board of Directors effective as of May 17, 2023.
William F. McKnight's term as a member of Northwest Bancshares, Inc.'s Board of Directors expired as of the Annual Meeting of Stockholders held on April 19, 2023. Mr. McKnight is retiring from the Board as he is not eligible under the Company's bylaws to stand for re-election due to the Company's mandatory retirement age provision for directors and not as a result of any disagreement with the Company.
On February 21, 2023, Sonia M. Probst, Director of Northwest Bancshares, Inc. and Northwest Bank, notified the Board of Directors of each entity of her retirement from the Boards.
On August 17, 2022, Mr. Torchio was also appointed as a director of each of the Company and Northwest Bank.
Also, effective immediately, William W. Harvey, Jr., who had been serving as interim President and Chief Executive Officer since the passing of Ronald J. Seiffert on May 24, 2022, will become the Company’s and Northwest Bank’s Chief Operating Officer.
On August 17, 2022, Louis J. Torchio, age 60, was appointed President and Chief Executive Officer of Northwest Bancshares, Inc. (the “Company”) and its wholly owned subsidiary, Northwest Bank, effective immediately.
Max materiality 0.90 · Median 0.57 · Most common event earnings