Northwest Bancshares Inc (OQ:NWBI)
Business Focus: Banks
| Sector: Financials | Industry: Banks |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 3 Easton Oval Suite 500 COLUMBUS OH 43219 |
| Tel: | N/A |
| Website: | https://investorrelations.northwest.bank/corporate-profile/default.aspx |
| IR: | See website |
| Key People | ||
| Louis J. Torchio President, Chief Executive Officer, Director | Douglas M. Schosser Chief Financial Officer | William W. Harvey Chief Operating Officer, Senior Executive Vice President, Director |
| Scott J. Watson Executive Vice President, Chief Information Officer | Gregory J. Betchkal Executive Vice President, Chief Risk Officer | John J. Golding Senior Executive Vice President, Chief Consumer Banking Officer |
| Business Overview |
| Northwest Bancshares, Inc. is a bank holding company of Northwest Bank (the Bank). Northwest Bank is a Pennsylvania-chartered savings bank. The Bank is a community-oriented financial institution offering personal and business banking solutions, investment management and trust services. The Banks principal lending activities are the origination of loans secured by first mortgages on owner-occupied, one-to-four-family residences, shorter term consumer loans, and commercial business and commercial real estate loans. Its principal sources of funds for lending activities include deposits, borrowings, repayments on loans, cash flows from investment and mortgage-backed securities and income provided from operations. It offers other consumer loans, such as direct and indirect automobile loans, sales finance loans, credit card loans, and others. The Bank has approximately 142 community-banking locations throughout its market area in Pennsylvania, western New York, eastern Ohio, and Indiana. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Northwest Bancshares Inc interest income increased 31% to $587.9M. Net interest income after loan loss provision increased 2% to $412.8M. Net income applicable to common stockholders increased 1% to $134.6M. Net interest income after loan loss provision reflects Net Interest Margin, Total -% increase of 3% to 3.28%, Loans Receivable increase of 33% to $543.7M. |
| Employees: | 2,030 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $1,515M as of Mar 31, 2024 |
| Annual revenue (TTM): | N/A |
| EBITDA (TTM): | N/A |
| Net annual income (TTM): | N/A |
| Free cash flow (TTM): | N/A |
| Net Debt Last Fiscal Year: | $124.60M as of Mar 31, 2024 |
| Shares outstanding: | 127,253,189 as of Mar 31, 2024 |
| Index Membership: | S&P 600 Small Cap |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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