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.
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.
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.
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 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.
Net income $29M ($0.23 diluted EPS) vs $34M ($0.26) in prior year, down 13%.
Northwest Bancshares appoints Doug Schosser CFO, effective March 18, 2024
Douglas M. Schosser named CFO, succeeding William W. Harvey who announced retirement last fall.
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 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%.
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 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%.
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.
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