Northwest Bancshares, Inc. operates as a holding company for Northwest Bank that offers various personal and business banking solutions. The company accepts various deposits, such as checking, savings, money market deposit, term certificate, and individual retirement accounts. Its loan products include one-to-four family residential real estate, short-term consumer, multi-family residential and commercial real estate, commercial business, and residential mortgage loans; home equity lines of credit; and consumer loans comprising automobile, sales finance, unsecured personal, and credit card loans, as well as loans secured by deposit accounts. The company also offers investment management and trust services; and employee benefits, and property and casualty insurance As of December 31, 2020, it operated 170 community-banking locations in central and western Pennsylvania, western New York, and eastern Ohio. Northwest Bancshares, Inc. was founded in 1896 and is headquartered in Warren, Pennsylvania.
IPO Year: 2009
Exchange: NASDAQ
Website: northwest.bank
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 9/29/2022 | $15.00 | Neutral | Janney |
| 5/6/2022 | $14.00 → $12.00 | Neutral → Underweight | Piper Sandler |
| 7/27/2021 | $13.50 | Mkt Perform | Keefe Bruyette |
| 7/27/2021 | Buy → Neutral | B. Riley Securities | |
| 7/27/2021 | $14.00 | Buy → Neutral | B. Riley Securities |
COLUMBUS, Ohio, May 12, 2025 /PRNewswire/ -- Northwest Bancshares, Inc. ("Northwest") (NASDAQ:NWBI), today announced a change in its board of directors as part of a leadership transition. As a result of his impending retirement from the board of directors in 2026, Timothy B. Fannin has stepped down as Board Chair, and has been succeeded by Vice Chair Timothy M. Hunter. Timothy M. Hunter appointed Non-Executive Chairman at Northwest Bancshares, Inc.Mr. Fannin joined the board in 2013 and was appointed Non-Executive Chairman in 2022. Mr. Hunter joined the Board in 2015, was ap
Net interest margin expands 45 basis points to 3.87% our 4th consecutive quarter of improved margin All regulatory and shareholder approvals received for Penns Woods merger Total revenue grew 19% from first quarter 2024 3rd consecutive quarter of reduced costs of funds Credit quality remains stable with nonperforming assets at 0.52% of total assets COLUMBUS, Ohio, April 28, 2025 /PRNewswire/ -- Northwest Bancshares, Inc., (the "Company"), (NASDAQ:NWBI) announced net income for the quarter ended March 31, 2025 of $43 million, or $0.34 per diluted share. This represents an increase of $14 million compared to the same quarter last year, when net income was $29 million, or $0.23 per diluted sha
Completion of Merger Expected to Take Place in Late July 2025 COLUMBUS, Ohio, April 23, 2025 /PRNewswire/ -- Northwest Bancshares, Inc. ("Northwest") (NASDAQ:NWBI) today announced that it has received all regulatory and shareholder approvals required to complete the previously announced merger of Penns Woods Bancorp, Inc. ("Penns Woods") (NASDAQ:PWOD) with and into Northwest and the merger of Penns Woods' wholly-owned subsidiary banks, Jersey Shore State Bank and Luzerne Bank each with and into Northwest Bank, a Pennsylvania-chartered savings bank and wholly-owned subsidiary of Northwest, with Northwest Bank as the surviving bank.
COLUMBUS, Ohio, April 7, 2025 /PRNewswire/ -- Northwest Bancshares, Inc. (NASDAQ:NWBI) will host a conference call to review first quarter 2025 financial results on Tuesday, April 29 at 9:00 a.m. (EDT). The financial results and supporting financial data are scheduled to be released after market close on Monday, April 28. Conference Call / Webcast Information The live audio webcast of the call and presentation slides will be available in Events & Presentations in the Investor Relations section of the company's website (https://investorrelations.northwest.bank/events-and-presen
Adjusted net income (non-GAAP) of $35 million, or $0.27 per diluted share Net interest margin expands 9 basis points to 3.42%, inclusive of 6bps from an interest recovery Efficiency ratio improved to 61.8% 121st consecutive quarterly dividend of $0.20 per share declared COLUMBUS, Ohio, Jan. 24, 2025 /PRNewswire/ -- Northwest Bancshares, Inc., (the "Company"), (NASDAQ:NWBI) announced net income for the quarter ended December 31, 2024 of $33 million, or $0.26 per diluted share. This represents an increase of $4 million compared to the same quarter last year, when net income was $29 million, or $0.23 per diluted share, and a decrease of $1 million compared to the prior quarter, when net income
COLUMBUS, Ohio, Jan. 13, 2025 /PRNewswire/ -- Northwest Bank, a full-service financial institution offering a complete line of business and personal banking solutions, announced today that Michael Perry has been appointed to lead Northwest's Corporate Development and Strategy Department. In his new role, Mr. Perry will be a key member of Northwest's senior leadership team, overseeing and managing all aspects of corporate development and strategy, including establishing and facilitating the company's acquisition strategy and merger and acquisition (M&A) process as an important
COLUMBUS, Ohio, Jan. 10, 2025 /PRNewswire/ -- Northwest Bancshares, Inc. (NASDAQ:NWBI) will host a conference call to review fourth quarter 2024 financial results on Friday, January 24 at 10:00 a.m. (EDT). The results are scheduled to be released at approximately 7:30 a.m. (EDT). The live audio webcast and presentation slides will be available on www.northwest.com under Investor Relations, Events & Presentations. Northwest will notify the public that financial results have been issued through a press release over PR Newswire. In addition to being available on the Investor Rela
COLUMBUS, Ohio, Dec. 19, 2024 /PRNewswire/ -- Northwest Bank has lowered their prime lending rate to 7.50 percent from 7.75 percent, effective December 19, 2024. Northwest's rate last changed on November 8, 2024, decreasing from 8.0 percent to 7.75 percent. About Northwest BankHeadquartered in Columbus, Ohio, Northwest Bancshares, Inc. is the bank holding company of Northwest Bank. Founded in 1896, Northwest Bank is a full-service financial institution offering a complete line of business and personal banking products, as well as employee benefits and wealth management service
COLUMBUS, Ohio, Dec. 17, 2024 (GLOBE NEWSWIRE) -- Northwest Bancshares, Inc. ("Northwest") (NASDAQ:NWBI) the bank holding company for Northwest Bank, and Penns Woods Bancorp, Inc. ("Penns Woods") (NASDAQ:PWOD), the multi-bank holding company of Jersey Shore State Bank and Luzerne Bank, jointly announced today that they have entered into a definitive Agreement and Plan of Merger ("Agreement") whereby Northwest will acquire Penns Woods in an all-stock transaction valued at approximately $270.4 million. Combining the two organizations will significantly enhance the combined company's presence in North Central and Northeastern Pennsylvania. Headquartered in Williamsport, Pennsylvania, Penns
COLUMBUS, Ohio, Dec. 17, 2024 /PRNewswire/ -- Northwest Bancshares, Inc. ("Northwest") (NASDAQ:NWBI) the bank holding company for Northwest Bank, and Penns Woods Bancorp, Inc. ("Penns Woods") (NASDAQ:PWOD), the multi-bank holding company of Jersey Shore State Bank and Luzerne Bank, jointly announced today that they have entered into a definitive Agreement and Plan of Merger ("Agreement") whereby Northwest will acquire Penns Woods in an all-stock transaction valued at approximately $270.4 million. Combining the two organizations will significantly enhance the combined company's presence in North Central and Northeastern Pennsylvania.
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8-K - Northwest Bancshares, Inc. (0001471265) (Filer)
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Net interest margin expands 45 basis points to 3.87% our 4th consecutive quarter of improved margin All regulatory and shareholder approvals received for Penns Woods merger Total revenue grew 19% from first quarter 2024 3rd consecutive quarter of reduced costs of funds Credit quality remains stable with nonperforming assets at 0.52% of total assets COLUMBUS, Ohio, April 28, 2025 /PRNewswire/ -- Northwest Bancshares, Inc., (the "Company"), (NASDAQ:NWBI) announced net income for the quarter ended March 31, 2025 of $43 million, or $0.34 per diluted share. This represents an increase of $14 million compared to the same quarter last year, when net income was $29 million, or $0.23 per diluted sha
COLUMBUS, Ohio, April 7, 2025 /PRNewswire/ -- Northwest Bancshares, Inc. (NASDAQ:NWBI) will host a conference call to review first quarter 2025 financial results on Tuesday, April 29 at 9:00 a.m. (EDT). The financial results and supporting financial data are scheduled to be released after market close on Monday, April 28. Conference Call / Webcast Information The live audio webcast of the call and presentation slides will be available in Events & Presentations in the Investor Relations section of the company's website (https://investorrelations.northwest.bank/events-and-presen
Adjusted net income (non-GAAP) of $35 million, or $0.27 per diluted share Net interest margin expands 9 basis points to 3.42%, inclusive of 6bps from an interest recovery Efficiency ratio improved to 61.8% 121st consecutive quarterly dividend of $0.20 per share declared COLUMBUS, Ohio, Jan. 24, 2025 /PRNewswire/ -- Northwest Bancshares, Inc., (the "Company"), (NASDAQ:NWBI) announced net income for the quarter ended December 31, 2024 of $33 million, or $0.26 per diluted share. This represents an increase of $4 million compared to the same quarter last year, when net income was $29 million, or $0.23 per diluted share, and a decrease of $1 million compared to the prior quarter, when net income
COLUMBUS, Ohio, Jan. 10, 2025 /PRNewswire/ -- Northwest Bancshares, Inc. (NASDAQ:NWBI) will host a conference call to review fourth quarter 2024 financial results on Friday, January 24 at 10:00 a.m. (EDT). The results are scheduled to be released at approximately 7:30 a.m. (EDT). The live audio webcast and presentation slides will be available on www.northwest.com under Investor Relations, Events & Presentations. Northwest will notify the public that financial results have been issued through a press release over PR Newswire. In addition to being available on the Investor Rela
COLUMBUS, Ohio, Dec. 17, 2024 (GLOBE NEWSWIRE) -- Northwest Bancshares, Inc. ("Northwest") (NASDAQ:NWBI) the bank holding company for Northwest Bank, and Penns Woods Bancorp, Inc. ("Penns Woods") (NASDAQ:PWOD), the multi-bank holding company of Jersey Shore State Bank and Luzerne Bank, jointly announced today that they have entered into a definitive Agreement and Plan of Merger ("Agreement") whereby Northwest will acquire Penns Woods in an all-stock transaction valued at approximately $270.4 million. Combining the two organizations will significantly enhance the combined company's presence in North Central and Northeastern Pennsylvania. Headquartered in Williamsport, Pennsylvania, Penns
COLUMBUS, Ohio, Dec. 17, 2024 /PRNewswire/ -- Northwest Bancshares, Inc. ("Northwest") (NASDAQ:NWBI) the bank holding company for Northwest Bank, and Penns Woods Bancorp, Inc. ("Penns Woods") (NASDAQ:PWOD), the multi-bank holding company of Jersey Shore State Bank and Luzerne Bank, jointly announced today that they have entered into a definitive Agreement and Plan of Merger ("Agreement") whereby Northwest will acquire Penns Woods in an all-stock transaction valued at approximately $270.4 million. Combining the two organizations will significantly enhance the combined company's presence in North Central and Northeastern Pennsylvania.
Net interest margin expands 13 basis points to 3.33%, inclusive of 4bps from an interest recovery Average deposits grew $10 million while cost of funds remained stable Noninterest expense declines $2 million due to disciplined expense management 120th consecutive quarterly dividend of $0.20 per share declared COLUMBUS, Ohio, Oct. 29, 2024 /PRNewswire/ -- Northwest Bancshares, Inc., (the "Company"), (NASDAQ:NWBI) announced net income for the quarter ended September 30, 2024 of $34 million, or $0.26 per diluted share. This represents a decrease of $5 million compared to the same quarter last year, when net income was $39 million, or $0.31 per diluted share, and an increase of $29 million compa
COLUMBUS, Ohio, Oct. 8, 2024 /PRNewswire/ -- Northwest Bancshares, Inc. (NASDAQ:NWBI) will host a conference call to review third-quarter 2024 financial results on Tuesday, October 29 at 9:00 a.m. (EDT). The results are scheduled to be released at approximately 7:30 a.m. (EDT). The live audio webcast and presentation slides will be available on www.northwest.com under Investor Relations, Events & Presentations. Northwest will notify the public that financial results have been issued through its social media outlet @NWSB on X and Northwest Bank on LinkedIn, and by a press relea
The Company's adjusted net operating income was $35 million, or $0.27 per diluted share(1) Previously announced balance sheet restructure successfully completed Net interest margin expands 10 basis points to 3.20% Credit quality remains strong 119th consecutive quarterly dividend of $0.20 per share declared COLUMBUS, Ohio, July 23, 2024 /PRNewswire/ -- Northwest Bancshares, Inc., (the "Company"), (NASDAQ:NWBI) announced net income for the quarter ended June 30, 2024 of $5 million, or $0.04 per diluted share. This represents a decrease of $28 million compared to the same quart
COLUMBUS, Ohio, July 12, 2024 /PRNewswire/ -- will host a conference call to review second-quarter 2024 financial results on Tuesday, July 23 at 9:00 a.m. (EDT). The results are scheduled to be released at approximately 7:00 a.m. (EDT). The live audio webcast and presentation slides will be available on www.northwest.com under Investor Relations, Events & Presentations. Northwest will notify the public that financial results have been issued through its social media outlet @NWSB on X and Northwest Bank on LinkedIn, and by a press release over PR Newswire. In addition to being
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COLUMBUS, Ohio, May 12, 2025 /PRNewswire/ -- Northwest Bancshares, Inc. ("Northwest") (NASDAQ:NWBI), today announced a change in its board of directors as part of a leadership transition. As a result of his impending retirement from the board of directors in 2026, Timothy B. Fannin has stepped down as Board Chair, and has been succeeded by Vice Chair Timothy M. Hunter. Timothy M. Hunter appointed Non-Executive Chairman at Northwest Bancshares, Inc.Mr. Fannin joined the board in 2013 and was appointed Non-Executive Chairman in 2022. Mr. Hunter joined the Board in 2015, was ap
COLUMBUS, Ohio, June 18, 2024 /PRNewswire/ -- Northwest Bank, a prominent regional financial services company, is pleased to announce the appointment of Urich Bowers as its new chief consumer banking and strategy officer and member of the bank's executive leadership team. Bowers, a seasoned banking executive with an impressive track record, succeeds John Golding, who recently departed the bank to pursue new opportunities. This strategic appointment represents a significant enhancement in leadership and underscores Northwest Bank's dedication to transforming its Retail strategy and accelerating growth in the highly competitive consumer banking sector.
COLUMBUS, OH / ACCESSWIRE / January 30, 2024 / With more than 30 years of credit lending and management experience, Molly Abair joins Northwest Bank, a full-service financial institution offering a complete line of business and personal banking solutions, as executive vice president and head of the bank's Commercial Credit Management division. With a proven track record in credit management, Abair brings a wealth of experience to Northwest. In her role, Abair will lead and oversee the Commercial Credit Management department, ensuring the bank's continued success in managing and mitigating credit risks associated with commercial lending.Additionally, Abair will play a pivotal role in oversee
Amber Lee Williams Joins the Northwest Bancshares, Inc. Board of DirectorsCOLUMBUS, OH / ACCESSWIRE / May 17, 2023 / The Board of Directors of Northwest Bancshares, Inc. (NASDAQ:NWBI) appointed Amber L. Williams to the company's Board of Directors, effective with the Board meeting held on May 17. Ms. Williams serves as senior vice president, deputy general counsel for Bath & Body Works, Inc. (formerly L Brands, Inc.) and leads global ethics and compliance and international legal strategy for the company. Prior to joining L Brands in 2018, Ms. Williams was senior associate general counsel, US compliance, at Walmart, Inc. She served in various leadership roles in the legal department durin
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Janney initiated coverage of Northwest Bancshares with a rating of Neutral and set a new price target of $15.00
Piper Sandler downgraded Northwest Bancshares from Neutral to Underweight and set a new price target of $12.00 from $14.00 previously
Keefe Bruyette resumed coverage of Northwest Bancshares with a rating of Mkt Perform and set a new price target of $13.50
B. Riley Securities downgraded Northwest Bancshares from Buy to Neutral
B. Riley Securities downgraded Northwest Bancshares from Buy to Neutral and set a new price target of $14.00
B. Riley reiterated coverage of Northwest Bancshares with a rating of Buy and set a new price target of $16.00 from $15.00 previously