Joseph Canfield
On August 5, 2024, Northwest Bank, the wholly-owned subsidiary of Northwest Bancshares, Inc. (the “Company”), appointed Joseph Canfield as Chief Accounting Officer.
Highest-materiality recent filing
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%.
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.
Max materiality 0.90 · Median 0.68 · Most common event earnings