Northwest Bancshares Management

Management criteria checks 2/4

Northwest Bancshares' CEO is Louis Torchio, appointed in Aug 2022, has a tenure of 1.67 years. total yearly compensation is $1.93M, comprised of 42.3% salary and 57.7% bonuses, including company stock and options. directly owns 0.045% of the company’s shares, worth €577.76K. The average tenure of the management team and the board of directors is 1.7 years and 6 years respectively.

Key information

Louis Torchio

Chief executive officer

US$1.9m

Total compensation

CEO salary percentage	42.3%
CEO tenure	1.7yrs
CEO ownership	0.04%
Management average tenure	1.7yrs
Board average tenure	6yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Louis Torchio's remuneration changed compared to Northwest Bancshares's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 31 2024	n/a	n/a	US$130m
Dec 31 2023	US$2m	US$817k	US$135m
Sep 30 2023	n/a	n/a	US$140m
Jun 30 2023	n/a	n/a	US$138m
Mar 31 2023	n/a	n/a	US$139m
Dec 31 2022	US$1m	US$530k	US$133m
Sep 30 2022	n/a	n/a	US$128m
Jun 30 2022	n/a	n/a	US$126m
Mar 31 2022	n/a	n/a	US$141m
Dec 31 2021	US$723k	US$376k	US$153m
Sep 30 2021	n/a	n/a	US$158m
Jun 30 2021	n/a	n/a	US$162m
Mar 31 2021	n/a	n/a	US$107m
Dec 31 2020	US$654k	US$337k	US$75m
Sep 30 2020	n/a	n/a	US$65m
Jun 30 2020	n/a	n/a	US$61m
Mar 31 2020	n/a	n/a	US$93m
Dec 31 2019	US$540k	US$295k	US$110m
Sep 30 2019	n/a	n/a	US$111m
Jun 30 2019	n/a	n/a	US$106m
Mar 31 2019	n/a	n/a	US$106m
Dec 31 2018	US$373k	US$229k	US$105m

Compensation vs Market: Louis's total compensation ($USD1.93M) is about average for companies of similar size in the German market ($USD1.63M).

Compensation vs Earnings: Louis's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.

CEO

Louis Torchio (60 yo)

1.7yrs

Tenure

US$1,932,721

Compensation

Mr. Louis J. Torchio was appointed as President and Chief Executive Officer of both Northwest Bancshares, Inc. and Northwest Bank since August 17, 2022 and as Director of both entities since August 17, 202...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Louis Torchio	President	1.7yrs	US$1.93m	0.045% $ 577.8k
William Harvey	Senior EVP	1.7yrs	US$1.63m	0.17% $ 2.2m
Scott Watson	Executive VP & Chief Information Officer	no data	US$689.31k	0.022% $ 292.0k
John Golding	Senior EVP & Chief Consumer Banking Officer	no data	US$758.50k	0.045% $ 590.5k
Gregory Betchkal	Executive VP & Chief Risk Officer	1.1yrs	US$1.36m	0.0093% $ 120.3k
Douglas Schosser	Chief Financial Officer	less than a year	no data	0.031% $ 401.3k
Jeffrey Maddigan	Executive VP of Finance & Accounting	2.1yrs	no data	0.024% $ 309.5k
C. Tefft	Senior Vice President of Corporate Finance	no data	no data	no data
Michael Cappetta	Senior VP & Chief Technology Officer	no data	no data	no data
Richard Laws	Executive VP	no data	no data	0.040% $ 523.9k
Leslie Kurtz	Senior VP & Chief Compliance Officer	no data	no data	no data
Shawn Walker	Executive VP of Corporate Communications & Regional Marketing	no data	no data	no data

1.7yrs

Average Tenure

57yo

Average Age

Experienced Management: NHS's management team is not considered experienced ( 1.7 years average tenure), which suggests a new team.

Board Members

Name	Position	Tenure	Compensation	Ownership
Louis Torchio	President	1.7yrs	US$1.93m	0.045% $ 577.8k
William Harvey	Senior EVP	1.7yrs	US$1.63m	0.17% $ 2.2m
Wilbur Davis	Independent Director	4yrs	US$211.43k	0.099% $ 1.3m
Robert Campana	Independent Director	8.7yrs	US$145.53k	0.047% $ 610.6k
Pablo Vegas	Independent Director	2yrs	US$126.78k	0.0091% $ 118.1k
John Meegan	Independent Director	14yrs	US$159.03k	0.076% $ 982.3k
Deborah Chadsey	Independent Director	12yrs	US$146.70k	0.033% $ 429.6k
Timothy Hunter	Independent Director	9yrs	US$159.29k	0.12% $ 1.5m
Timothy Fannin	Independent Chairman	11yrs	US$200.02k	0.025% $ 320.5k
Mark Paup	Independent Director	8yrs	US$136.36k	0.039% $ 507.6k
David Tullio	Independent Director	4yrs	US$137.37k	0.020% $ 257.7k
Amber Williams	Independent Director	less than a year	US$89.52k	0.0033% $ 42.4k

6.0yrs

Average Tenure

60yo

Average Age

Experienced Board: NHS's board of directors are considered experienced (6 years average tenure).

Northwest Bancshares Management

Management criteria checks 2/4

Key information

Recent management updates

Northwest Bancshares, Inc., Annual General Meeting, Apr 18, 2024

Northwest Bancshares, Inc. and Northwest Bank Announce Chief Financial Officer Changes

Northwest Bancshares, Inc. and Northwest Bank Announce Retirement of William W. Harvey, Jr as Chief Financial Officer, Effective December 31, 2024

Northwest Bancshares, Inc. Appoints Jay Desmarteau as Chief Commercial Banking Officer

Northwest Bancshares, Inc. Announces Departure of Mark T. Reitzes as Senior Executive Vice President, Commercial Banking, Effective June 9, 2023

Northwest Bancshares, Inc. Announces Appointment of Amber L. Williams to Board of Directors

Recent updates

First quarter 2024 earnings released: EPS: US$0.23 (vs US$0.27 in 1Q 2023)

Northwest Bancshares, Inc., Annual General Meeting, Apr 18, 2024

Northwest Bancshares, Inc. and Northwest Bank Announce Chief Financial Officer Changes

Full year 2023 earnings released: EPS: US$1.06 (vs US$1.06 in FY 2022)

Fourth quarter dividend of US$0.20 announced

New major risk - Revenue and earnings growth

Full year 2023 earnings released: EPS: US$1.06 (vs US$1.06 in FY 2022)

Northwest Bancshares, Inc. Declares Quarterly Cash Dividend, Payable on February 14, 2024

Northwest Bancshares, Inc. Declares Quarterly Cash Dividend for the Third Quarter of 2023, Payable on November 14, 2023

Third quarter 2023 earnings released: EPS: US$0.31 (vs US$0.29 in 3Q 2022)

Northwest Bancshares, Inc. and Northwest Bank Announce Retirement of William W. Harvey, Jr as Chief Financial Officer, Effective December 31, 2024

Northwest Bancshares, Inc. Announces Second Quarter 2023 Dividend, Payable on August 14, 2023

Second quarter 2023 earnings released: EPS: US$0.26 (vs US$0.26 in 2Q 2022)

Northwest Bancshares, Inc. Appoints Jay Desmarteau as Chief Commercial Banking Officer

Northwest Bancshares, Inc. Announces Departure of Mark T. Reitzes as Senior Executive Vice President, Commercial Banking, Effective June 9, 2023

Northwest Bancshares, Inc. Announces Appointment of Amber L. Williams to Board of Directors

Independent Director recently bought €147k worth of stock

First quarter 2023 earnings released: EPS: US$0.27 (vs US$0.22 in 1Q 2022)

Full year 2022 earnings released: EPS: US$1.06 (vs US$1.22 in FY 2021)

Northwest Bancshares, Inc. Appoints President, Managing Director and Senior Credit and Risk Officer to New Commercial Finance Group

Northwest Bancshares, Inc. Announces Quarterly Dividend, Payable on February 14, 2023

Full year 2022 earnings released: EPS: US$1.05 (vs US$1.22 in FY 2021)

Insider recently sold €59k worth of stock

Third quarter 2022 earnings released: EPS: US$0.29 (vs US$0.28 in 3Q 2021)

Northwest Bancshares, Inc. Announces Quarterly Dividend, Payable on November 14 2022

Northwest Bancshares, Inc. Announces Promotionof Jim Colestro as Executive Vice President Retail Lending and Business Banking

Northwest Bancshares, Inc. Announces Management Changes

Second quarter 2022 earnings released: EPS: US$0.26 (vs US$0.38 in 2Q 2021)

Northwest Bancshares, Inc. Announces Second Quarter Quarterly Dividend, Payable on August 15, 2022

Northwest Bancshares, Inc. and Northwest Bank Announce Executive Changes

Independent Director recently bought €119k worth of stock

First quarter 2022 earnings released: EPS: US$0.22 (vs US$0.32 in 1Q 2021)

Northwest Bancshares, Inc. Announces Quarterly Dividend, Payable on May 16, 2022

Northwest Bancshares, Inc. Announces Executive Changes

Full year 2021 earnings: EPS in line with expectations, revenues disappoint

Northwest Bancshares Appoints Jeffrey R. White as Senior Vice President, Deputy Chief Risk Officer

Independent Director recently bought €118k worth of stock

Third quarter 2021 earnings released: EPS US$0.28 (vs US$0.30 in 3Q 2020)

Independent Director recently bought €114k worth of stock

Second quarter 2021 earnings released: EPS US$0.38 (vs US$0.051 loss in 2Q 2020)

Independent Director recently bought €115k worth of stock

Northwest Bancshares, Inc. Announces Quarterly Cash Dividend, Payable on May 17, 2021

First quarter 2021 earnings released: EPS US$0.32 (vs US$0.075 in 1Q 2020)

Northwest Bancshares, Inc., Annual General Meeting, Apr 21, 2021

New 90-day high: €11.80

Full year 2020 earnings released: EPS US$0.62 (vs US$1.05 in FY 2019)

Independent Director recently bought €112k worth of stock

New 90-day high: €11.20

New 90-day high: €10.60

New 90-day high: €10.50

Third quarter 2020 earnings released: EPS US$0.30

Revenue beats expectations

Independent Director recently bought €89k worth of stock

New 90-day high: €9.05

Third quarter earnings released

Third-quarter earnings released: Revenue beats expectations

New 90-day low: €7.75

First half earnings released

Northwest Bancshares, Inc. (NasdaqGS:NWBI) completed the acquisition of MutualFirst Financial, Inc. (NasdaqGM:MFSF)

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age