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 share, and an increase of $11 million compared to the prior quarter, when net income was $33 million, or $0.26 per diluted share. The annualized returns on average shareholders' equity and average assets for the quarter ended March 31, 2025 were 10.90% and 1.22% compared to 7.57% and 0.81% for the same quarter last year and 8.20% and 0.91% from the prior quarter. 

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. 

NEW YORK, April 8, 2025 /PRNewswire/ -- Purcell & Lefkowitz LLP announces that it is investigating Northwest Bancshares, Inc. (NASDAQ: NWBI) on behalf of the company's shareholders.  The investigation seeks to determine whether Northwest Bancshares's directors breached their fiduciary duties in connection with recent corporate actions.

If you are a shareholder of Northwest Bancshares, Inc. and are interested in obtaining additional information regarding your rights and options, free of charge, please visit us at: https://pjlfirm.com/northwest-bancshares-inc/

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-presentations/).

NEW YORK, March 19, 2025 /PRNewswire/ -- Purcell & Lefkowitz LLP announces that it is investigating Northwest Bancshares, Inc. (NASDAQ: NWBI) on behalf of the company's shareholders.  The investigation seeks to determine whether Northwest Bancshares's directors breached their fiduciary duties in connection with recent corporate actions.

If you are a shareholder of Northwest Bancshares, Inc. and are interested in obtaining additional information regarding your rights and options, free of charge, please visit us at: https://pjlfirm.com/northwest-bancshares-inc/

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 was $34 million, or $0.26 per diluted share. The annualized returns on average shareholders' equity and average assets for the quarter ended December 31, 2024 were 8.20% and 0.91% compared to 7.64% and 0.80% for the same quarter last year and 8.50% and 0.93% from the prior quarter.

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 component of Northwest's long-term strategic growth plan. 

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 services. Currently, Northwest operates 130 full-service financial centers and eleven free-standing drive-up facilities in Pennsylvania, New York, Ohio and Indiana. Northwest Bancshares, Inc.'s common stock is listed on the NASDAQ Global Select Market ("NWBI"). Additional information regarding Northwest Bancshares, Inc. and Northwest Bank can be accessed online at www.northwest.bank.

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.

COLUMBUS, Ohio, Nov. 8, 2024 /PRNewswire/ -- Northwest Bank has lowered their prime lending rate to 7.75 percent from 8.00 percent, effective today, November 8, 2024.

Northwest's rate last changed on September 19, 2024, decreasing from 8.5 percent to 8.0 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 services. Currently, Northwest operates 130 full-service financial centers and eleven free-standing drive-up facilities in Pennsylvania, New York, Ohio and Indiana. Northwest Bancshares, Inc.'s common stock is listed on the NASDAQ Global Select Market ("NWBI"). Additional information regarding Northwest Bancshares, Inc. and Northwest Bank can be accessed online at www.northwest.bank.

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"), (NasdaqGS: 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 compared to the prior quarter, when net income was $5 million, or $0.04 per diluted share. The annualized returns on average shareholders' equity and average assets for the quarter ended September 30, 2024 were 8.50% and 0.93% compared to 10.27% and 1.08% for the same quarter last year and 1.24% and 0.13% from the prior quarter. 

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.

COLUMBUS, Ohio, Sept. 19, 2024 /PRNewswire/ -- Northwest Bank has lowered their prime lending rate to 8.0 percent from 8.50 percent, effective today, September 19, 2024.

About Northwest Bank

Headquartered 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 services. Currently, Northwest operates 131 full-service financial centers and eight free-standing drive-through facilities in Pennsylvania, New York, Ohio and Indiana. Northwest Bancshares, Inc.'s common stock is listed on the NASDAQ Global Select Market ("NWBI"). Additional information regarding Northwest Bancshares, Inc. and Northwest Bank can be accessed online at www.northwest.bank.

COLUMBUS, Ohio, Aug. 21, 2024 /PRNewswire/ -- Northwest Bank, a full-service financial institution offering a complete line of business and personal banking solutions, has named Sean Morrow as Interim Treasurer effective August 23.

He will replace Corporate Treasurer and EVP of Finance and Accounting Jeffrey Maddigan, who is leaving to pursue an opportunity outside of the bank.

In this role, Morrow will oversee the treasury function, including managing the bank's interest rate, liquidity and capital efforts; managing the securities investment portfolio; facilitating interest rate swaps and ensuring the bank meets its regulatory and risk expectations.