Board Change • Jun 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 5 highly experienced directors. Director Charles Kranich was the last director to join the board, commencing their role in 2026. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • May 26
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 6 highly experienced directors. Independent Director Amber Williams was the last director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Live News • May 22
Northwest Bancshares Delivers Record Q1 Earnings With 28% Growth in Commercial Lending Northwest Bancshares reported record net income for Q1 2026, with earnings per share coming in 16.7% above analyst expectations and net income rising 16% year over year.
Commercial and industrial loans grew 28% year over year, with nationwide commercial verticals launched in 2023 now representing about 23% of the commercial lending portfolio.
The bank reported improved credit quality, lower deposit costs, renewed its share repurchase authorization, and returned more than half of quarterly earnings to shareholders through dividends, while management projected stable net interest margins and low to mid single digit loan growth for full-year 2026.
The mix shift toward commercial lending, combined with tighter expense control and better credit metrics, reflects a business model that is currently supporting both earnings growth and capital returns.
Investors may want to closely monitor how competitive funding pressures and the expansion of commercial lending influence credit quality and the pace of buybacks over the rest of 2026. Price Target Changed • May 04
Price target increased by 7.2% to US$14.86 Up from US$13.86, the current price target is an average from 7 analysts. New target price is 6.6% above last closing price of US$13.94. Stock is up 11% over the past year. The company is forecast to post earnings per share of US$1.36 for next year compared to US$0.93 last year. Declared Dividend • Apr 30
First quarter dividend of US$0.20 announced Dividend of US$0.20 is the same as last year. Ex-date: 7th May 2026 Payment date: 20th May 2026 Dividend yield will be 5.8%, which is higher than the industry average of 3.2%. Sustainability & Growth The dividend has increased by an average of 3.6% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 22% over the next year, which should provide support to the dividend and adequate earnings cover. Announcement • Apr 29
Northwest Bancshares, Inc. Declares Quarterly Cash Dividend, Payable on May 20, 2026 Northwest Bancshares, Inc. announced that its Board of Directors declared a quarterly cash dividend of $0.20 per share payable on May 20, 2026 to shareholders of record as of May 7, 2026. This is the 126th consecutive quarter in which the Company has paid a cash dividend. Based on the market value of the Company's common stock as of March 31, 2026, this represents an annualized dividend yield of approximately 6.3%. Announcement • Apr 28
Northwest Bancshares, Inc. (NasdaqGS:NWBI) announces an Equity Buyback for $50 million worth of its shares. Northwest Bancshares, Inc. (NasdaqGS:NWBI) announces a share repurchase program. Under the program, the company will repurchase up to $50 million worth of its common stock. The program will be valid for 24 months. Reported Earnings • Apr 28
First quarter 2026 earnings: EPS exceeds analyst expectations First quarter 2026 results: EPS: US$0.35 (up from US$0.34 in 1Q 2025). Revenue: US$170.7m (up 15% from 1Q 2025). Net income: US$50.5m (up 16% from 1Q 2025). Profit margin: 30% (in line with 1Q 2025). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 13%. Revenue is forecast to grow 10% p.a. on average during the next 2 years, compared to a 8.6% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Announcement • Apr 10
Northwest Bancshares, Inc., Annual General Meeting, May 20, 2026 Northwest Bancshares, Inc., Annual General Meeting, May 20, 2026. Announcement • Apr 08
Northwest Bancshares, Inc. to Report Q1, 2026 Results on Apr 27, 2026 Northwest Bancshares, Inc. announced that they will report Q1, 2026 results at 4:00 PM, US Eastern Standard Time on Apr 27, 2026 Reported Earnings • Feb 28
Full year 2025 earnings: Revenues and EPS in line with analyst expectations Full year 2025 results: EPS: US$0.93 (up from US$0.79 in FY 2024). Revenue: US$599.1m (up 20% from FY 2024). Net income: US$125.9m (up 26% from FY 2024). Profit margin: 21% (in line with FY 2024). Net interest margin (NIM): 3.69% (up from 3.26% in FY 2024). Cost-to-income ratio: 66.6% (down from 70.5% in FY 2024). Non-performing loans: 0.83% (up from 0.56% in FY 2024). Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 9.1% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 7% per year whereas the company’s share price has fallen by 3% per year. Declared Dividend • Jan 29
Fourth quarter dividend of US$0.20 announced Dividend of US$0.20 is the same as last year. Ex-date: 5th February 2026 Payment date: 18th February 2026 Dividend yield will be 6.3%, which is higher than the industry average of 3.2%. Sustainability & Growth Dividend is covered by earnings (86% payout ratio) and is expected to be covered in 3 years' time (57% forecast payout ratio). The dividend has increased by an average of 3.6% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 44% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Jan 27
Full year 2025 earnings: Revenues and EPS in line with analyst expectations Full year 2025 results: EPS: US$0.93 (up from US$0.79 in FY 2024). Revenue: US$599.1m (up 20% from FY 2024). Net income: US$126.0m (up 26% from FY 2024). Profit margin: 21% (in line with FY 2024). Revenue is forecast to grow 10% p.a. on average during the next 2 years, compared to a 8.9% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 7% per year whereas the company’s share price has fallen by 3% per year. Announcement • Jan 27
Northwest Bancshares, Inc. Declares Quarterly Cash Dividend, Payable on February 18, 2026 Northwest Bancshares, Inc. also announced that its Board of Directors declared a quarterly cash dividend of $0.20 per share payable on February 18, 2026 to shareholders of record as of February 5, 2026. Announcement • Jan 07
Northwest Bancshares, Inc. to Report Q4, 2025 Results on Jan 26, 2026 Northwest Bancshares, Inc. announced that they will report Q4, 2025 results After-Market on Jan 26, 2026 Major Estimate Revision • Nov 03
Consensus EPS estimates fall by 10% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from US$1.02 to US$0.91 per share. Revenue forecast steady at US$651.2m. Net income forecast to grow 55% next year vs 18% growth forecast for Banks industry in the US. Consensus price target down from US$13.90 to US$13.50. Share price fell 5.3% to US$11.85 over the past week. Declared Dividend • Oct 30
Third quarter dividend of US$0.20 announced Dividend of US$0.20 is the same as last year. Ex-date: 6th November 2025 Payment date: 18th November 2025 Dividend yield will be 6.8%, which is higher than the industry average of 3.2%. Sustainability & Growth Dividend is not adequately covered by earnings (92% earnings payout ratio). However, the dividend is expected to be covered in 3 years' time (59% forecast payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 2.5% to bring the payout ratio under control. EPS is expected to grow by 53% over the next 2 years, which is sufficient to bring the dividend into a sustainable range. Announcement • Oct 29
Northwest Bancshares, Inc. Provides Net Charge-Offs Guidance for the Fourth Quarter of 2025 Northwest Bancshares, Inc. provided net charge-offs guidance for the fourth quarter of 2025. Net charge-offs to average loans expected to end the year at the low end of the 25 to 35 basis point range, which could mean net charge-offs up to $13 million in the fourth quarter of 2025. New Risk • Oct 28
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 22% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Reported Earnings • Oct 28
Third quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behind Third quarter 2025 results: EPS: US$0.02 (down from US$0.26 in 3Q 2024). Revenue: US$137.0m (up 2.0% from 3Q 2024). Net income: US$3.17m (down 91% from 3Q 2024). Profit margin: 2.3% (down from 25% in 3Q 2024). Revenue exceeded analyst estimates by 1.7%. Earnings per share (EPS) missed analyst estimates by 85%. Revenue is forecast to grow 18% p.a. on average during the next 2 years, compared to a 8.1% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 7% per year and the company’s share price has also fallen by 7% per year. Announcement • Oct 28
Northwest Bancshares, Inc. Declares Quarterly Cash Dividend, Payable on November 18, 2025 Northwest Bancshares, Inc. announced that its Board of Directors declared a quarterly cash dividend of $0.20 per share payable on November 18, 2025 to shareholders of record as of November 6, 2025. This is the 124th consecutive quarter in which the Company has paid a cash dividend. Announcement • Oct 09
Northwest Bank Appoints Erin Siegfried as Chief Legal Counsel and Corporate Secretary Northwest Bank announced the appointment of Erin Siegfried as chief legal counsel and corporate secretary. As a key member of Northwest Bank's executive leadership team, Siegfried will lead the company's legal function and provide strategic counsel to the team and Board of Directors. Reporting directly to the company's President and CEO Louis Torchio, Siegfried will direct the bank's legal strategy and oversee the execution of its day-to-day legal operations. Siegfried brings almost 30 years of experience advising publicly traded companies on corporate law, securities law, executive compensation, corporate governance, mergers and acquisitions, and other general business matters. Most recently, she served as a deputy general counsel for The Huntington National Bank, a role she held for more than seven years. There, she led a team responsible for the areas listed above, as well as for the Office of the Corporate Secretary, which oversees support for the company's Board of Directors. Additionally, Siegfried was actively involved in the bank's mergers and acquisitions activity, including providing advice on a number of key transactions over the past seven years. Prior to her role at Huntington, she served as a partner in the corporate department of Porter, Wright, Morris & Arthur LLP in Columbus, Ohio, leading the corporate and securities practice group. She also served as partner-in-charge of professional personnel, leading professional development and recruitment efforts across the firm. Siegfried earned a Juris Doctor degree from The Ohio State University Moritz College of Law and a bachelor's degree in psychology from Duke University. Announcement • Oct 07
Northwest Bancshares, Inc. to Report Q3, 2025 Results on Oct 27, 2025 Northwest Bancshares, Inc. announced that they will report Q3, 2025 results After-Market on Oct 27, 2025 Declared Dividend • Aug 01
Second quarter dividend of US$0.20 announced Dividend of US$0.20 is the same as last year. Ex-date: 8th August 2025 Payment date: 19th August 2025 Dividend yield will be 6.8%, which is higher than the industry average of 3.2%. Sustainability & Growth The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 14% over the next year, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Jul 30
Second quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behind Second quarter 2025 results: EPS: US$0.26 (up from US$0.037 in 2Q 2024). Revenue: US$141.6m (up 44% from 2Q 2024). Net income: US$33.7m (up US$28.9m from 2Q 2024). Profit margin: 24% (up from 4.8% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.5%. Earnings per share (EPS) missed analyst estimates by 7.1%. Revenue is forecast to grow 17% p.a. on average during the next 2 years, compared to a 7.6% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 6% per year whereas the company’s share price has fallen by 5% per year. Announcement • Jul 30
Northwest Bancshares, Inc. Declares Quarterly Cash Dividend, Payable on August 19, 2025 Northwest Bancshares, Inc. announced that its Board of Directors declared a quarterly cash dividend of $0.20 per share payable on August 19, 2025 to shareholders of record as of August 8, 2025. Announcement • Jul 09
Northwest Bancshares, Inc. to Report Q2, 2025 Results on Jul 29, 2025 Northwest Bancshares, Inc. announced that they will report Q2, 2025 results After-Market on Jul 29, 2025 Announcement • May 13
Northwest Bancshares, Inc. Announces Board Changes Northwest Bancshares, Inc. announced a change in its board of directors as part of a leadership transition. Timothy B. Fannin has stepped down as Board Chair due to his impending retirement from the board of directors in 2026, and has been succeeded by Vice Chair Timothy M. Hunter. Mr. Fannin joined the board in 2013 and was appointed Non-Executive Chairman in 2022. Mr. Hunter joined the Board in 2015, was appointed Vice Chair in 2023 and, at the company's recent annual meeting, was appointed to the Non-Executive Chairman position. Hunter has extensive business experience, and he served as President and Chief Executive Officer of McInnes Rolled Rings in Erie, Pennsylvania from 2003 through 2024. He has served on various business and philanthropic boards and is a past Chairman of the Manufacturer and Business Association and the Erie Community Foundation. Hunter is a CPA and worked for Ernst & Young in Philadelphia, Pennsylvania. He is a graduate of Villanova University, with a bachelor's in accounting. Major Estimate Revision • May 05
Consensus EPS estimates increase by 15% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has improved. 2025 revenue forecast increased from US$624.5m to US$647.7m. EPS estimate increased from US$0.84 to US$0.968 per share. Net income forecast to grow 28% next year vs 14% growth forecast for Banks industry in the US. Consensus price target broadly unchanged at US$13.38. Share price rose 6.5% to US$12.62 over the past week. Declared Dividend • May 01
First quarter dividend of US$0.20 announced Dividend of US$0.20 is the same as last year. Ex-date: 8th May 2025 Payment date: 20th May 2025 Dividend yield will be 6.5%, which is higher than the industry average of 3.2%. Sustainability & Growth The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 23% over the next year, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Apr 29
First quarter 2025 earnings: EPS and revenues exceed analyst expectations First quarter 2025 results: EPS: US$0.34 (up from US$0.23 in 1Q 2024). Revenue: US$148.3m (up 16% from 1Q 2024). Net income: US$43.5m (up 49% from 1Q 2024). Profit margin: 29% (up from 23% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 9.9%. Earnings per share (EPS) also surpassed analyst estimates by 40%. Revenue is forecast to grow 18% p.a. on average during the next 2 years, compared to a 7.1% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Announcement • Apr 29
Northwest Bancshares, Inc. Declares Quarterly Cash Dividend, Payable on May 20, 2025 Northwest Bancshares, Inc. announced that its Board of Directors declared a quarterly cash dividend of $0.20 per share payable on May 20, 2025 to shareholders of record as of May 8, 2025. This is the 122th consecutive quarter in which the Company has paid a cash dividend. Based on the market value of the Company's common stock as of March 31, 2025, this represents an annualized dividend yield of approximately 6.7%. Announcement • Apr 07
Northwest Bancshares, Inc. to Report Q1, 2025 Results on Apr 28, 2025 Northwest Bancshares, Inc. announced that they will report Q1, 2025 results After-Market on Apr 28, 2025 Announcement • Mar 10
Northwest Bancshares, Inc., Annual General Meeting, Apr 17, 2025 Northwest Bancshares, Inc., Annual General Meeting, Apr 17, 2025. Reported Earnings • Feb 27
Full year 2024 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2024 results: EPS: US$0.79 (down from US$1.06 in FY 2023). Revenue: US$498.1m (down 5.4% from FY 2023). Net income: US$100.2m (down 26% from FY 2023). Profit margin: 20% (down from 26% in FY 2023). The decrease in margin was primarily driven by lower revenue. Net interest margin (NIM): 3.26% (down from 3.28% in FY 2023). Cost-to-income ratio: 70.5% (up from 64.0% in FY 2023). Non-performing loans: 0.56% (down from 0.85% in FY 2023). Revenue missed analyst estimates by 5.0%. Earnings per share (EPS) exceeded analyst estimates by 1.1%. Revenue is forecast to grow 18% p.a. on average during the next 2 years, compared to a 7.3% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Declared Dividend • Jan 27
Fourth quarter dividend of US$0.20 announced Dividend of US$0.20 is the same as last year. Ex-date: 3rd February 2025 Payment date: 14th February 2025 Dividend yield will be 6.0%, which is higher than the industry average of 3.2%. Sustainability & Growth Dividend is not covered by earnings (101% earnings payout ratio). However, the dividend is expected to be covered in 3 years' time (59% forecast payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 13% to bring the payout ratio under control. EPS is expected to grow by 65% over the next 2 years, which is sufficient to bring the dividend into a sustainable range. Reported Earnings • Jan 26
Full year 2024 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2024 results: EPS: US$0.79 (down from US$1.06 in FY 2023). Revenue: US$498.1m (down 5.4% from FY 2023). Net income: US$100.3m (down 26% from FY 2023). Profit margin: 20% (down from 26% in FY 2023). The decrease in margin was primarily driven by lower revenue. Revenue missed analyst estimates by 5.0%. Earnings per share (EPS) exceeded analyst estimates by 1.1%. Revenue is forecast to grow 19% p.a. on average during the next 2 years, compared to a 7.1% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Announcement • Jan 24
Northwest Bancshares, Inc. Declares Quarterly Cash Dividend, Payable on February 14, 2025 Northwest Bancshares, Inc. announced that its Board of Directors declared a quarterly cash dividend of $0.20 per share payable on February 14, 2025 to shareholders of record as of February 3, 2025. Announcement • Jan 11
Northwest Bancshares, Inc. to Report Q4, 2024 Results on Jan 24, 2025 Northwest Bancshares, Inc. announced that they will report Q4, 2024 results at 7:30 AM, Eastern Daylight on Jan 24, 2025 Announcement • Dec 19
Northwest Bancshares, Inc. (NasdaqGS:NWBI) entered into a definitive agreement to acquire an Penns Woods Bancorp, Inc. (NasdaqGS:PWOD) for approximately $260 million. Northwest Bancshares, Inc. (NasdaqGS:NWBI) entered into a definitive agreement to acquire an Penns Woods Bancorp, Inc. (NasdaqGS:PWOD) for approximately $260 million on December 16, 2024. Under the terms of the Agreement, Northwest will exchange shares of its common stock for all of the outstanding shares of Penns Woods common stock. Penns Woods shareholders will be entitled to receive 2.385 shares of Northwest common stock for each share of Penns Woods common stock they own upon the effective time of the merger. Upon completion of the merger, the shares issued to Penns Woods shareholders are expected to comprise approximately 12% of the outstanding shares of the combined company. At closing, Jersey Shore State Bank and Luzerne Bank branches will become branches of Northwest Bank. Northwest will appoint Richard A. Grafmyre to the boards of Northwest and Northwest Bank after closing.
The transaction is subject to the satisfaction of customary closing conditions, including regulatory approvals and approval by Penns Woods shareholders. The deal has been unanimously approved by the board of both companies. The transaction is expected to complete in the third quarter of 2025. Excluding one-time transaction costs, Northwest expects the transaction to be approximately 23% accretive to 2026 fully diluted earnings per share. Janney Montgomery Scott, LLC is acting as financial advisor to Northwest, and Dinsmore & Shohl LLP is acting as its legal advisor in the transaction. Frank Sorrentino of Stephens Inc. is acting as financial advisor to Penns Woods, and Stevens & Lee, P.C. is acting as its legal advisor in the transaction. Declared Dividend • Nov 01
Third quarter dividend of US$0.20 announced Dividend of US$0.20 is the same as last year. Ex-date: 8th November 2024 Payment date: 18th November 2024 Dividend yield will be 6.0%, which is higher than the industry average of 3.2%. Sustainability & Growth Dividend is not covered by earnings (105% earnings payout ratio). However, the dividend is expected to be covered in 3 years' time (73% forecast payout ratio). The dividend has increased by an average of 2.6% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 17% to bring the payout ratio under control. EPS is expected to grow by 42% over the next 2 years, which is sufficient to bring the dividend into a sustainable range. Announcement • Oct 30
Northwest Bancshares, Inc. Declares Quarterly Cash Dividend, Payable on November 18, 2024 Northwest Bancshares, Inc. also announced that its Board of Directors declared a quarterly cash dividend of $0.20 per share payable on November 18, 2024 to shareholders of record as of November 8, 2024. This is the 120consecutive quarter in which the Company has paid a cash dividend. Based on the market value of the Company's common stock as of September 30, 2024, this represents an annualized dividend yield of approximately 6.0%. Reported Earnings • Oct 29
Third quarter 2024 earnings: Revenues and EPS in line with analyst expectations Third quarter 2024 results: EPS: US$0.26 (down from US$0.31 in 3Q 2023). Revenue: US$134.3m (down 2.9% from 3Q 2023). Net income: US$33.6m (down 14% from 3Q 2023). Profit margin: 25% (down from 28% in 3Q 2023). The decrease in margin was primarily driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 9.4% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Announcement • Oct 09
Northwest Bancshares, Inc. to Report Q3, 2024 Results on Oct 29, 2024 Northwest Bancshares, Inc. announced that they will report Q3, 2024 results at 7:30 AM, Eastern Daylight on Oct 29, 2024 Major Estimate Revision • Jul 30
Consensus EPS estimates increase by 18% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has improved. 2024 revenue forecast increased from US$529.8m to US$551.6m. EPS estimate increased from US$0.658 to US$0.775 per share. Net income forecast to grow 12% next year vs 5.5% growth forecast for Banks industry in the US. Consensus price target up from US$11.40 to US$12.40. Share price rose 5.5% to US$14.05 over the past week. Price Target Changed • Jul 26
Price target increased by 8.8% to US$12.40 Up from US$11.40, the current price target is an average from 5 analysts. New target price is 13% below last closing price of US$14.26. Stock is up 15% over the past year. The company is forecast to post earnings per share of US$0.78 for next year compared to US$1.06 last year. Declared Dividend • Jul 25
Second quarter dividend of US$0.20 announced Dividend of US$0.20 is the same as last year. Ex-date: 2nd August 2024 Payment date: 14th August 2024 Dividend yield will be 5.6%, which is higher than the industry average of 3.2%. Sustainability & Growth The dividend has increased by an average of 4.4% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 10% to bring the payout ratio under control. EPS is expected to grow by 18% over the next year, which is sufficient to bring the dividend into a sustainable range. Reported Earnings • Jul 24
Second quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behind Second quarter 2024 results: EPS: US$0.04 (down from US$0.26 in 2Q 2023). Revenue: US$98.4m (down 24% from 2Q 2023). Net income: US$4.75m (down 86% from 2Q 2023). Profit margin: 4.8% (down from 26% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 22%. Earnings per share (EPS) exceeded analyst estimates. Revenue is forecast to grow 10% p.a. on average during the next 2 years, compared to a 6.3% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Announcement • Jul 23
Northwest Bancshares, Inc. Declares Quarterly Cash Dividend, Payable on August 14, 2024 Northwest Bancshares, Inc. announced that its Board of Directors declared a quarterly cash dividend of $0.20 per share payable on August 14, 2024 to shareholders of record as of August 2, 2024. Announcement • Jul 14
Northwest Bancshares, Inc. to Report Q2, 2024 Results on Jul 23, 2024 Northwest Bancshares, Inc. announced that they will report Q2, 2024 results at 7:00 AM, Eastern Daylight on Jul 23, 2024 Upcoming Dividend • Apr 25
Upcoming dividend of US$0.20 per share Eligible shareholders must have bought the stock before 01 May 2024. Payment date: 15 May 2024. Payout ratio is on the higher end at 78%, and the cash payout ratio is above 100%. Trailing yield: 7.3%. Within top quartile of American dividend payers (4.7%). Higher than average of industry peers (3.0%). Major Estimate Revision • Apr 25
Consensus EPS estimates fall by 24% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from US$542.6m to US$529.8m. EPS estimate also fell from US$0.928 per share to US$0.703 per share. Net income forecast to shrink 21% next year vs 0.9% growth forecast for Banks industry in the US . Consensus price target down from US$12.30 to US$11.40. Share price was steady at US$10.89 over the past week. Price Target Changed • Apr 24
Price target decreased by 7.3% to US$11.40 Down from US$12.30, the current price target is an average from 5 analysts. New target price is approximately in line with last closing price of US$10.94. Stock is down 3.3% over the past year. The company is forecast to post earnings per share of US$0.70 for next year compared to US$1.06 last year. Major Estimate Revision • Apr 24
Consensus EPS estimates fall by 24% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from US$542.6m to US$529.8m. EPS estimate also fell from US$0.928 per share to US$0.703 per share. Net income forecast to shrink 21% next year vs 0.04% growth forecast for Banks industry in the US . Consensus price target down from US$12.30 to US$11.40. Share price rose 2.1% to US$10.94 over the past week. Reported Earnings • Apr 23
First quarter 2024 earnings: EPS in line with expectations, revenues disappoint First quarter 2024 results: EPS: US$0.23 (down from US$0.27 in 1Q 2023). Revenue: US$127.8m (down 2.8% from 1Q 2023). Net income: US$29.2m (down 13% from 1Q 2023). Profit margin: 23% (down from 26% in 1Q 2023). Revenue missed analyst estimates by 1.1%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 5.4% p.a. on average during the next 2 years, compared to a 5.8% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has fallen by 8% per year, which means it is performing significantly worse than earnings. Announcement • Mar 09
Northwest Bancshares, Inc., Annual General Meeting, Apr 18, 2024 Northwest Bancshares, Inc., Annual General Meeting, Apr 18, 2024, at 11:00 US Eastern Standard Time. Agenda: To consider the election of three directors; to consider the ratification of the appointment of KPMG LLP as the independent registered public accounting firm for the year ending December 31, 2024; to approve the executive compensation described in the Proxy Statement; and to consider other business matters. Announcement • Feb 27
Northwest Bancshares, Inc. and Northwest Bank Announce Chief Financial Officer Changes Northwest Bancshares, Inc. and Northwest Bank announced that Douglas M. Schosser has been appointed Chief Financial Officer, effective March 18, 2024. He will replace William W. Harvey, Jr., who announced his retirement last fall. Mr. Schosser will work alongside Mr. Harvey through 2024 to ensure a smooth transition of duties. In his new role as Chief Financial Officer, Mr. Schosser will be a key member of Northwest's executive leadership team, overseeing all financial management of Northwest Bank and a team across treasury, financial planning, accounting, reporting and tax, as well as facilities and enterprise project management. Reporting directly to the company's President and CEO Louis Torchio, Mr. Schosser will leverage his extensive knowledge and experience to help drive the bank's continuous transformation and strategic objectives. Mr. Schosser brings a wealth of experience and expertise to his new role, previously serving as Chief Financial Officer for Key Corporation Bank and Victory Capital Management (VCM), responsible for financial management, planning and forecasting for the bank and VCM and their primary segments, KeyBank Real Estate Capital, KeyBanc Capital Markets, Key Equipment Finance and Public Sector. Mr. Schosser also served as Executive Vice President and Line of Business Chief Financial Officer for Associated Bank Corp. (ASBC) in Green Bay, WI, serving on the Executive Committee and Board of Directors of Associated Bank, NA while providing financial support for Retail, Commercial and Corporate Banking, as well as Wealth Management. Most recently, he served as Executive Vice President and Chief Accounting Officer of KeyCorp. In this role, he led a team of 200 employees and oversaw SEC Reporting, Accounting Policy and Research, Accounts Payable, Fixed Asset Accounting and Operational Balance and Control. During this time, he also led the bank's financial transformation to migrate finance and accounting platforms to cloud-based solutions while reimagining processes to increase efficiency and leveraging financial data to drive insights. Mr. Schosser holds a Bachelor of Science degree in Accountancy from Miami University in Oxford, Ohio. Reported Earnings • Feb 26
Full year 2023 earnings: EPS misses analyst expectations Full year 2023 results: EPS: US$1.06 (up from US$1.06 in FY 2022). Revenue: US$526.6m (up 4.7% from FY 2022). Net income: US$134.6m (up 1.2% from FY 2022). Profit margin: 26% (in line with FY 2022). Non-performing loans: 0.88% (up from 0.78% in FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.4%. Revenue is forecast to grow 5.0% p.a. on average during the next 2 years, compared to a 5.7% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Upcoming Dividend • Jan 25
Upcoming dividend of US$0.20 per share at 6.3% yield Eligible shareholders must have bought the stock before 01 February 2024. Payment date: 14 February 2024. Trailing yield: 6.3%. Within top quartile of American dividend payers (4.6%). Higher than average of industry peers (3.2%). Price Target Changed • Jan 23
Price target increased by 12% to US$12.30 Up from US$11.00, the current price target is an average from 5 analysts. New target price is approximately in line with last closing price of US$12.86. Stock is down 6.5% over the past year. The company is forecast to post earnings per share of US$0.93 for next year compared to US$1.06 last year. Reported Earnings • Jan 22
Full year 2023 earnings: EPS misses analyst expectations Full year 2023 results: EPS: US$1.06 (up from US$1.06 in FY 2022). Revenue: US$526.6m (up 2.5% from FY 2022). Net income: US$135.0m (up 1.4% from FY 2022). Profit margin: 26% (in line with FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.4%. Revenue is forecast to grow 4.6% p.a. on average during the next 2 years, compared to a 5.3% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Announcement • Jan 22
Northwest Bancshares, Inc. Declares Quarterly Cash Dividend, Payable on February 14, 2024 Northwest Bancshares, Inc. announced that its Board of Directors declared a quarterly cash dividend of $0.20 per share payable on February 14, 2024 to shareholders of record as of February 2, 2024. Announcement • Oct 24
Northwest Bancshares, Inc. Declares Quarterly Cash Dividend for the Third Quarter of 2023, Payable on November 14, 2023 Northwest Bancshares, Inc. announced that its Board of Directors declared a quarterly cash dividend of $0.20 per share for the third quarter of 2023 payable on November 14, 2023 to shareholders of record as of November 2, 2023. Reported Earnings • Oct 23
Third quarter 2023 earnings: EPS and revenues exceed analyst expectations Third quarter 2023 results: EPS: US$0.31 (up from US$0.29 in 3Q 2022). Revenue: US$138.3m (up 4.8% from 3Q 2022). Net income: US$39.2m (up 5.6% from 3Q 2022). Profit margin: 28% (in line with 3Q 2022). Revenue exceeded analyst estimates by 4.2%. Earnings per share (EPS) also surpassed analyst estimates by 27%. Revenue is forecast to stay flat during the next 3 years compared to a 4.3% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Buying Opportunity • Aug 02
Now 21% undervalued Over the last 90 days, the stock is up 15%. The fair value is estimated to be US$15.05, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.1% over the last 3 years. Earnings per share has grown by 17%. Revenue is forecast to grow by 1.4% in a year. Earnings is forecast to decline by 13% in the next year. Announcement • Jul 25
Northwest Bancshares, Inc. Announces Second Quarter 2023 Dividend, Payable on August 14, 2023 Northwest Bancshares, Inc. announced that its Board of Directors declared a quarterly cash dividend of $0.20 per share payable on August 14, 2023 to shareholders of record as of August 3, 2023. Reported Earnings • Jul 24
Second quarter 2023 earnings: EPS in line with analyst expectations despite revenue beat Second quarter 2023 results: EPS: US$0.26 (down from US$0.26 in 2Q 2022). Revenue: US$129.4m (up 1.0% from 2Q 2022). Net income: US$33.0m (flat on 2Q 2022). Profit margin: 26% (in line with 2Q 2022). Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 2.0% p.a. on average during the next 2 years, compared to a 4.4% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Announcement • Jun 21
Northwest Bancshares, Inc. Appoints Jay Desmarteau as Chief Commercial Banking Officer Northwest Bancshares, Inc. has appointed Jay DesMarteau as senior executive vice president, chief commercial banking officer, effective today. He will provide strategic leadership and operational oversight for all aspects of Northwest's commercial banking business. Mr. DesMarteau joins Northwest with nearly 30 years of experience in commercial banking and finance, most recently as head of commercial banking at LendingClub Bank, where he developed the overall strategy and distribution for the organization. Prior to his position at LendingClub Bank, Mr. DesMarteau spent 12 years in commercial banking leadership roles at TD Bank. As head of commercial distribution at TD Bank, he led seven teams comprised of 500 people responsible for middle market equipment finance, business banking, SBA lending, healthcare practice, government banking, treasury management and merchant solutions. Mr. DesMarteau also served as president of equipment finance at CIT Bank, overseeing a team of 85 people and $1.5 billion in managed assets. In addition, he also spent 16 years with General Electric, including six years in vice president positions with GE Commercial Finance and GE Commercial Solutions. Announcement • Jun 08
Northwest Bancshares, Inc. Announces Departure of Mark T. Reitzes as Senior Executive Vice President, Commercial Banking, Effective June 9, 2023 Northwest Bancshares, Inc. announced the departure of Mark T. Reitzes, Senior Executive Vice President, Commercial Banking, effective June 9, 2023. In connection with Mr. Reitzes' departure, he is entitled to receive a payment of approximately $1.6 million under his Employment Agreement, dated as of April 7, 2020. Announcement • May 18
Northwest Bancshares, Inc. Announces Appointment of Amber L. Williams to Board of Directors Northwest Bancshares, Inc. announced that Amber L. Williams has been appointed to the Company’s Board of Directors effective as of May 17, 2023. Ms. Williams was nominated by the Nominating and Corporate Governance Committee to serve in the class of directors that will stand for re-election at the 2026 Annual Meeting of Stockholders. It has not yet been determined which board committees Ms. Williams will serve on as a member of the Company’s Board of Directors. 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 during her 11 years with the company. Ms. Williams currently serves as a board member for the Center for WorkLife Law, a research and advocacy organization focused on advancing gender and racial equity in the workplace. She is also on the board of the American Red Cross of Greater Columbus, Ohio. Ms. Williams is a member of the State Bars of Maryland, Texas and Ohio. She holds a juris doctor degree from The University of Texas at Austin and a Bachelor of Arts degree in English (summa cum laude) from Oakwood University in Huntsville, Alabama. Ms. Williams was a 2013 Fellow of the Leadership Council on Legal Diversity and is also a Fellow of the American Bar Foundation. Recent Insider Transactions • May 18
Independent Director recently bought US$160k worth of stock On the 16th of May, Timothy Hunter bought around 15k shares on-market at roughly US$10.67 per share. This transaction amounted to 11% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought US$322k more in shares than they have sold in the last 12 months. Price Target Changed • May 14
Price target decreased by 7.1% to US$11.80 Down from US$12.70, the current price target is an average from 5 analysts. New target price is 11% above last closing price of US$10.59. Stock is down 14% over the past year. The company is forecast to post earnings per share of US$1.03 for next year compared to US$1.05 last year. Recent Insider Transactions • May 10
Independent Director recently bought US$52k worth of stock On the 8th of May, Mark Paup bought around 5k shares on-market at roughly US$10.40 per share. This transaction amounted to 13% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought US$162k more in shares than they have sold in the last 12 months. 
