Northwest Bancshares Inc (OQ:NWBI)

Business Focus: Banks

Feb 26, 2024 03:01 pm ET

Northwest Bancshares, Inc. and Northwest Bank Name Douglas M. Schosser Chief Financial Officer

COLUMBUS, Ohio, Feb. 26, 2024 /PRNewswire/ -- Northwest Bancshares, Inc. (Nasdaq: NWBI) and its wholly-owned subsidiary Northwest Bank announced today 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.

Feb 01, 2024 01:30 pm ET

Northwest Bank Welcomes Jonathan Smith as Head of SBA Lending

COLUMBUS, OH / ACCESSWIRE / February 1, 2024 / Bringing nearly 20 years of commercial finance experience, Jonathan Smith joins Northwest Bank, a full-service financial institution offering a complete line of business and personal banking solutions, as executive vice president, head of SBA lending.

Jan 30, 2024 02:00 pm ET

Northwest Bank Appoints Molly Abair as Head of Commercial Credit Management

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.

Jan 22, 2024 08:00 am ET

Northwest Bancshares, Inc. Announces Fourth Quarter 2023 Earnings and Quarterly Dividend

COLUMBUS, Ohio, Jan. 22, 2024 /PRNewswire/ -- Northwest Bancshares, Inc., (the "Company"), (NasdaqGS: NWBI) announced net income for the quarter ended December 31, 2023 of $29.0 million, or $0.23 per diluted share. This represents a decrease of $5.6 million, or 16.3%, compared to the same quarter last year, when net income was $34.6 million, or $0.27 per diluted share. The annualized returns on average shareholders' equity and average assets for the quarter ended December 31, 2023 were 7.64% and 0.80% compared to 9.38% and 0.98% for the same quarter last year.

Oct 23, 2023 09:00 am ET

Northwest Bancshares, Inc. Announces Third Quarter 2023 Earnings and Quarterly Dividend

COLUMBUS, Ohio, Oct. 23, 2023 /PRNewswire/ -- Northwest Bancshares, Inc., (the "Company"), (NasdaqGS: NWBI) announced net income for the quarter ended September 30, 2023 of $39.2 million, or $0.31 per diluted share. This represents an increase of $1.9 million, or 5.1%, compared to the same quarter last year, when net income was $37.3 million, or $0.29 per diluted share. The annualized returns on average shareholders' equity and average assets for the quarter ended September 30, 2023 were 10.27% and 1.08% compared to 9.84% and 1.05% for the same quarter last year.

Sep 21, 2023 09:00 am ET

Northwest Bancshares, Inc. and Northwest Bank Announce CFO Retirement Date

COLUMBUS, Ohio, Sept. 21, 2023 /PRNewswire/ -- Northwest Bancshares, Inc. (Nasdaq: NWBI) (the "Company") and Northwest Bank announced today that they have entered into a retirement agreement and a consulting agreement pursuant to which Senior Executive Vice President, Chief Financial Officer and Chief Operating Officer William W. Harvey, Jr. will transition from his current roles in 2024. Mr. Harvey will retire from the Company and Northwest Bank and their associated boards on December 31, 2024 but remain with the organization as a consultant through December 31, 2025. His continued employme

Sep 11, 2023 03:30 pm ET

Latest Debt Ratings from KBRA Reflect the Strength and Stability of Northwest Bank

COLUMBUS, OH / ACCESSWIRE / September 11, 2023 / A series of debt ratings issued by Kroll Bond Rating Agency, LLC (KBRA) on August 23, 2023, demonstrate the solid financial position of Northwest Bancshares, Inc. (NASDAQ:NWBI) and its subsidiary, Northwest Bank. With NWBI's and Northwest's debt ratings of BBB or above based on the status of debt obligations across multiple categories, KBRA considers the outlook for all long-term ratings to be Stable.

Jul 24, 2023 09:00 am ET

Northwest Bancshares, Inc. Announces Second Quarter 2023 Earnings and Quarterly Dividend

COLUMBUS, Ohio, July 24, 2023 /PRNewswire/ -- Northwest Bancshares, Inc., (the "Company"), (NasdaqGS: NWBI) announced net income for the quarter ended June 30, 2023 of $33.0 million, or $0.26 per diluted share. This represents a decrease of $382,000, or 1.1%, compared to the same quarter last year, when net income was $33.4 million, or $0.26 per diluted share. The annualized returns on average shareholders' equity and average assets for the quarter ended June 30, 2023 were 8.72% and 0.93% compared to 8.90% and 0.94% for the same quarter last year.

May 17, 2023 02:30 pm ET

Northwest Bancshares, Inc. Appoints New Board Member

Amber Lee Williams Joins the Northwest Bancshares, Inc. Board of Directors

Apr 24, 2023 09:00 am ET

Northwest Bancshares, Inc. Announces First Quarter 2023 Earnings and Quarterly Dividend

COLUMBUS, Ohio, April 24, 2023 /PRNewswire/ -- Northwest Bancshares, Inc., (the "Company"), (NasdaqGS: NWBI) announced net income for the quarter ended March 31, 2023 of $33.7 million, or $0.26 per diluted share. This represents an increase of $5.4 million, or 19.1%, compared to the same quarter last year, when net income was $28.3 million, or $0.22 per diluted share. The annualized returns on average shareholders' equity and average assets for the quarter ended March 31, 2023 were 9.11% and 0.97% compared to 7.17% and 0.80% for the same quarter last year.

Feb 09, 2023 02:00 pm ET

Northwest Bank Adds President, Managing Director and Senior Credit and Risk Officer to New Commercial Finance Group

COLUMBUS, OH / ACCESSWIRE / February 9, 2023 / Financial industry veterans Lee Palm, Brian Shapiro and Phil Mulder have joined Northwest Bank, a full-service financial institution offering a complete line of business and personal banking solutions, to lead the bank's new Commercial Finance Group that will focus on business aviation, long-haul (OTR) trucking, inland/offshore marine financing and general equipment loans in the middle market to large corporate finance space.

Jan 23, 2023 08:00 am ET

Northwest Bancshares, Inc. Announces Fourth Quarter 2022 Earnings and Quarterly Dividend

COLUMBUS, Ohio, Jan. 23, 2023 /PRNewswire/ -- Northwest Bancshares, Inc., (the "Company"), (NasdaqGS: NWBI) announced net income for the quarter ended December 31, 2022 of $34.6 million, or $0.27 per diluted share. This represents an increase of $4.6 million, or 15.3%, compared to the same quarter last year, when net income was $30.1 million, or $0.24 per diluted share. The annualized returns on average shareholders' equity and average assets for the quarter ended December 31, 2022 were 9.38% and 0.98% compared to 7.65% and 0.82% for the quarter ended December 31, 2021.

Oct 24, 2022 09:00 am ET

Northwest Bancshares, Inc. Announces Third Quarter 2022 Earnings and Quarterly Dividend

COLUMBUS, Ohio, Oct. 24, 2022 /PRNewswire/ -- Northwest Bancshares, Inc., (the "Company"), (NasdaqGS: NWBI) announced net income for the quarter ended September 30, 2022 of $37.3 million, or $0.29 per diluted share. This represents an increase of $2.2 million, or 6.4%, compared to the same quarter last year, when net income was $35.1 million, or $0.27 per diluted share. The annualized returns on average shareholders' equity and average assets for the quarter ended September 30, 2022 were 9.84% and 1.05% compared to 8.86% and 0.97% for the quarter ended September 30, 2021.

Oct 06, 2022 10:07 am ET

Northwest Bank Promotes Jim Colestro to Executive Vice President

WARREN, Pa., Oct. 6, 2022 /PRNewswire/ -- Northwest Bank, a full-service financial institution offering a complete line of business and personal banking products, today announced the promotion of Jim Colestro as executive vice president, retail lending and business banking. Colestro has held several positions throughout his 15-year career at the bank, including management roles in the retail network and corporate retail lending departments. The announcement was shared by Louis Torchio, president and CEO, Northwest Bank.

Aug 18, 2022 08:30 am ET

Northwest Bancshares, Inc. and Northwest Bank Name Louis J. Torchio President and Chief Executive Officer

William W. Harvey, Jr. Appointed Chief Operating Officer

Jul 25, 2022 09:00 am ET

Northwest Bancshares, Inc. Announces Second Quarter 2022 Earnings and Quarterly Dividend

COLUMBUS, Ohio, July 25, 2022 /PRNewswire/ -- Northwest Bancshares, Inc., (the "Company"), (NasdaqGS: NWBI) announced net income for the quarter ended June 30, 2022 of $33.4 million, or $0.26 per diluted share. This represents a decrease of $15.5 million, or 31.7%, compared to the same quarter last year, when net income was $49.0 million, or $0.38 per diluted share. The annualized returns on average shareholders' equity and average assets for the quarter ended June 30, 2022 were 8.90% and 0.94% compared to 12.58% and 1.37% for the same quarter last year. Prior year earnings were enhanced b

May 25, 2022 08:35 am ET

Northwest Bancshares, Inc. and Northwest Bank Announce the Passing of Chairman, President and Chief Executive Officer Ronald J. Seiffert

COLUMBUS, Ohio, May 25, 2022 /PRNewswire/ -- Northwest Bancshares, Inc. and Northwest Bank are deeply saddened to announce the sudden passing of Chairman, President and Chief Executive Officer Ronald J. Seiffert. He died unexpectedly of natural causes on Tuesday.

Apr 25, 2022 09:00 am ET

Northwest Bancshares, Inc. Announces First Quarter 2022 Earnings and Quarterly Dividend

COLUMBUS, Ohio, April 25, 2022 /PRNewswire/ -- Northwest Bancshares, Inc., (the "Company"), (NasdaqGS: NWBI) announced net income for the quarter ended March 31, 2022 of $28.3 million, or $0.22 per diluted share. This represents a decrease of $12.0 million, or 29.7%, compared to the same quarter last year, when net income was $40.2 million, or $0.32 per diluted share. The annualized returns on average shareholders' equity and average assets for the quarter ended March 31, 2022 were 7.17% and 0.80% compared to 10.61% and 1.17% for the same quarter last year.

Apr 21, 2022 03:15 pm ET

Northwest Bancshares, Inc. Board of Directors Expands with Election of New Member

Pablo Vegas Joins Northwest Bancshares, Inc. Board of Directors

Feb 10, 2022 03:02 pm ET

Northwest Bank Named One of America's Best Midsize Employers for 2022

WARREN, Pa., Feb. 10, 2022 /PRNewswire/ -- Northwest Bank, a full-service financial institution offering a complete line of business and personal banking products, has been recognized by Forbes as one of America's Best Midsize Employers for 2022. The annual list ranks the 500 midsize employers that received the most recommendations from a survey of 60,000 American workers. Northwest Bank is 80 on the overall list and is the third-highest ranked among 30 employers in the Banking and Financial Services category.

Oct 25, 2021 09:00 am ET

Northwest Bancshares, Inc. Announces Third Quarter 2021 Earnings and Quarterly Dividend

WARREN, Pa., Oct. 25, 2021 /PRNewswire/ -- Northwest Bancshares, Inc. (the "Company") (NasdaqGS: NWBI) announced net income for the quarter ended September 30, 2021 of $35.1 million, or $0.27 per diluted share. This represents a decrease of $3.0 million, or 7.9%, compared to the same quarter last year, when net income was $38.1 million, or $0.30 per diluted share. The annualized returns on average shareholders' equity and average assets for the quarter ended September 30, 2021 were 8.86% and 0.97% compared to 9.82% and 1.09% for the same quarter last year.

Jul 26, 2021 09:00 am ET

Northwest Bancshares, Inc. Announces Second Quarter 2021 Earnings and Quarterly Dividend

WARREN, Pa., July 26, 2021 /PRNewswire/ -- Northwest Bancshares, Inc. (the "Company") (NasdaqGS: NWBI) announced net income for the quarter ended June 30, 2021 of $49.0 million, or $0.38 per diluted share. This represents an increase of $55.2 million compared to the same quarter last year, when the Company experienced a net loss of $6.2 million, or ($0.05) per diluted share, due primarily to COVID-19 related credit loss provisioning. The annualized returns on average shareholders' equity and average assets for the quarter ended June 30, 2021 were 12.58% and 1.37% compared to (1.63%) and (0

Jan 25, 2021 08:00 am ET

Northwest Bancshares, Inc. Announces Fourth Quarter 2020 Earnings and Quarterly Dividend

WARREN, Pa., Jan. 25, 2021 /PRNewswire/ -- Northwest Bancshares, Inc., (the "Company"), (NasdaqGS: NWBI) announced net income for the quarter ended December 31, 2020 of $35.1 million, or $0.28 per diluted share. This represents an increase of $9.5 million, or 37.0%, compared to the same quarter last year when net income was $25.6 million, or $0.24 per diluted share. The annualized returns on average shareholders' equity and average assets for the quarter ended December 31, 2020 were 9.00% and 1.01% compared to 7.52% and 0.97% for the same quarter last year.

Oct 26, 2020 09:00 am ET

Northwest Bancshares, Inc. Announces Third Quarter 2020 Earnings and Quarterly Dividend

WARREN, Pa., Oct. 26, 2020 /PRNewswire/ -- Northwest Bancshares, Inc., (the "Company"), (NasdaqGS: NWBI) announced net income for the quarter ended September 30, 2020 of $38.1 million, or $0.30 per diluted share. This represents an increase of $4.6 million, or 13.9%, compared to the same quarter last year when net income was $33.4 million, or $0.31 per diluted share. The annualized returns on average shareholders' equity and average assets for the quarter ended September 30, 2020 were 9.82% and 1.09% compared to 9.90% and 1.25% for the same quarter last year. As noted in the non-GAAP recon

Jul 27, 2020 09:24 am ET

Northwest Bancshares, Inc. Announces Second Quarter 2020 Earnings and Quarterly Dividend

WARREN, Pa., July 27, 2020 /PRNewswire/ -- Northwest Bancshares, Inc., (the "Company"), (NasdaqGS: NWBI) announced a net loss for the quarter ended June 30, 2020 of $6.2 million, or $(0.05) per diluted share. This represents a decrease of $32.6 million, or 123.5%, compared to the same quarter last year when net income was $26.4 million or $0.25 per diluted share. The annualized returns on average shareholders' equity and average assets for the quarter ended June 30, 2020 were (1.63)% and (0.18)% compared to 8.01% and 1.02% for the same quarter last year. As noted in our non-GAAP reconcilia

Apr 27, 2020 09:00 am ET

Northwest Bancshares, Inc. Announces First Quarter 2020 Earnings and Quarterly Dividend

WARREN, Pa., April 27, 2020 /PRNewswire/ -- Northwest Bancshares, Inc., (the "Company"), (NasdaqGS: NWBI) announced net income for the quarter ended March 31, 2020 of $7.9 million, or $0.07 per diluted share. This represents a decrease of $17.1 million, or 68.3%, compared to the same quarter last year when net income was $25.0 million or $0.24 per diluted share. The annualized returns on average shareholders' equity and average assets for the quarter ended March 31, 2020 were 2.37% and 0.30% compared to 7.96% and 1.03% for the same quarter last year.

Apr 24, 2020 05:00 pm ET

Northwest Bancshares, Inc. Completes Merger with MutualFirst Financial, Inc.

WARREN, Pa., April 24, 2020 /PRNewswire/ -- Northwest Bancshares, Inc. ("Northwest") (NASDAQ: NWBI), the holding company for Northwest Bank, announced today that it has successfully completed its merger with MutualFirst Financial, Inc. ("MutualFirst Financial") (NASDAQ: MFSF), the holding company for MutualBank.

Jan 24, 2020 04:46 pm ET

SHAREHOLDER ALERT: WeissLaw LLP Reminds HABT, DERM, and MFSF Shareholders About Its Ongoing Investigations

If you own shares in any of the companies listed above and would like to discuss our investigations or have any questions concerning this notice or your rights or interests, please contact: Joshua Rubin, Esq. WeissLaw LLP 1500 Broadway, 16th...

Oct 30, 2019 02:44 pm ET

ALERT: Rowley Law PLLC is Investigating Proposed Acquisition of MutualFirst Financial, Inc.

NEW YORK, Oct. 30, 2019 /PRNewswire/ -- Rowley Law PLLC is investigating potential securities law violations by MutualFirst Financial, Inc. (NASDAQ: MFSF) and its board of directors concerning the proposed acquisition of the company by Northwest Bancshares, Inc. (NASDAQ: NWBI). Stockholders will receive 2.4 shares of Northwest Bancshares common stock for each share of MutualFirst Financial stock that they hold. The transaction is valued at approximately $346 million and is expected to close in the second quarter of 2020.

Oct 30, 2019 11:48 am ET

SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Investors of an Investigation Regarding Whether the Sale of MutualFirst Financial, Inc. to Northwest Bancshares, Inc. is Fair to Shareholders

The following statement is being issued by Levi & Korsinsky, LLP: To: All Persons or Entities who purchased MutualFirst Financial, Inc. (“MutualFirst” or the “Company”) (NASDAQ: MFSF) stock prior to October 29, 2019. You are hereby notified that...

Oct 29, 2019 04:30 pm ET

Northwest Bancshares, Inc. enters attractive Indiana markets through merger with MutualFirst Financial, Inc.

WARREN, Pa. and MUNCIE, Ind., Oct. 29, 2019 /PRNewswire/ -- Northwest Bancshares, Inc., ("Northwest"), (NASDAQ: NWBI) and MutualFirst Financial, Inc., ("MutualFirst") (NASDAQ: MFSF) jointly announced the signing of a definitive merger agreement pursuant to which Northwest will acquire MutualFirst, the Muncie, Indiana-based holding company and parent of MutualBank, in an all-stock transaction valued at $39.89 per share (based on Northwest's 15-day volume weighted average closing stock price ending on October 23, 2019), or approximately $346 million in the aggregate.

Oct 29, 2019 04:30 pm ET

Northwest Bancshares, Inc. enters attractive Indiana markets through merger with MutualFirst Financial, Inc.

Oct 21, 2019 09:00 am ET

Northwest Bancshares, Inc. Announces Third Quarter 2019 Earnings and Quarterly Dividend

WARREN, Pa., Oct. 21, 2019 /PRNewswire/ -- Northwest Bancshares, Inc., (the "Company"), (NasdaqGS: NWBI) announced net income for the quarter ended September 30, 2019 of $33.4 million, or $0.31 per diluted share. This represents an increase of $5.7 million, or 20.5%, compared to the same quarter last year when net income was $27.7 million or $0.27 per diluted share. The annualized returns on average shareholders' equity and average assets for the quarter ended September 30, 2019 were 9.90% and 1.25% compared to 8.93% and 1.15% for the same quarter last year.

Aug 07, 2019 01:30 pm ET

Northwest Names Reitzes Executive Vice President, Head of Commercial Banking

WARREN, Pa., Aug. 7, 2019 /PRNewswire/ -- Mark T. Reitzes has been named Executive Vice President and Head of Commercial Banking for Northwest Bank, according to Ronald J. Seiffert, Northwest Chairman, President and CEO.

Jul 22, 2019 09:00 am ET

Northwest Bancshares, Inc. Announces Second Quarter 2019 Earnings and Quarterly Dividend

WARREN, Pa., July 22, 2019 /PRNewswire/ -- Northwest Bancshares, Inc., (the "Company"), (NasdaqGS: NWBI) announced net income for the quarter ended June 30, 2019 of $26.4 million, or $0.25 per diluted share. This represents an increase of $84,000, or 0.3%, compared to the same quarter last year when net income was $26.3 million or $0.25 per diluted share. The annualized returns on average shareholders' equity and average assets for the quarter ended June 30, 2019 were 8.01% and 1.02% compared to 8.67% and 1.11% for the same quarter last year.

Apr 17, 2019 09:00 am ET

Northwest Bancshares, Inc. Announces First Quarter 2019 Earnings and Quarterly Dividend

WARREN, Pa., April 17, 2019 /PRNewswire/ -- Northwest Bancshares, Inc., (the "Company"), (NasdaqGS: NWBI) announced net income for the quarter ended March 31, 2019 of $25.0 million, or $0.24 per diluted share. This represents an increase of $59,000, or 0.2%, compared to the same quarter last year when net income was also $25.0 million or $0.24 per diluted share. The annualized returns on average shareholders' equity and average assets for the quarter ended March 31, 2019 were 7.96% and 1.03% compared to 8.40% and 1.08% for the same quarter last year. Earnings during the current quarter were

Mar 08, 2019 05:00 pm ET

Donegal Group Inc. Announces Completion of Sale of Donegal Financial Services Corporation

Donegal Group Inc. (NASDAQ:DGICA) and (NASDAQ:DGICB) announced today that Donegal Group Inc. (“DGI”) and Donegal Mutual Insurance Company (“DMIC”) completed the sale of Donegal Financial Services Corporation (“DFSC”) and its wholly owned...

Mar 08, 2019 04:00 pm ET

Northwest Bancshares, Inc. Completes Merger with Donegal Financial Services Corporation

WARREN, Pa., March 8, 2019 /PRNewswire/ -- Northwest Bancshares, Inc. (NASDAQ: NWBI), the holding company for Northwest Bank, announced today that it has successfully completed its merger with Donegal Financial Services Corporation ("DFSC"), (privately-owned) the holding company for Union Community Bank ("UCB").

Jan 22, 2019 08:00 am ET

Northwest Bancshares, Inc. Announces Fourth Quarter 2018 Earnings and Quarterly Dividend Increase

WARREN, Pa., Jan. 22, 2019 /PRNewswire/ -- Northwest Bancshares, Inc. (NasdaqGS: NWBI) announced net income for the quarter ended December 31, 2018 of $26.5 million, or $0.26 per diluted share. This represents an increase of $4.3 million, or 19.5%, compared to the same quarter last year when net income was $22.1 million or $0.22 per diluted share. The annualized returns on average shareholders' equity and average assets for the quarter ended December 31, 2018 were 8.44% and 1.09% compared to 7.31% and 0.94% for the same quarter last year.

Oct 22, 2018 09:00 am ET

Northwest Bancshares, Inc. Announces Third Quarter 2018 Earnings and Quarterly Dividend

WARREN, Pa., Oct. 22, 2018 /PRNewswire/ -- Northwest Bancshares, Inc., (the "Company"), (NasdaqGS: NWBI) announced net income for the quarter ended September 30, 2018 of $27.7 million, or $0.27 per diluted share. This represents an increase of $4.1 million, or 17.6%, compared to the same quarter last year when net income was $23.6 million or $0.23 per diluted share. The annualized returns on average shareholders' equity and average assets for the quarter ended September 30, 2018 were 8.93% and 1.15% compared to 7.81% and 0.99% for the same quarter last year.

Jul 23, 2018 09:00 am ET

Northwest Bancshares, Inc. Announces Second Quarter 2018 Earnings and Quarterly Dividend

WARREN, Pa., July 23, 2018 /PRNewswire/ -- Northwest Bancshares, Inc. (NasdaqGS: NWBI) announced net income for the quarter ended June 30, 2018 of $26.3 million, or $0.25 per diluted share. This represents a decrease of $4.7 million, or 15.1%, compared to the same quarter last year when net income was $31.0 million or $0.30 per diluted share. The prior year's quarterly earnings were augmented by the sale of the Company's three Maryland offices for a profit of $17.2 million, or approximately $10.3 million after tax. The annualized returns on average shareholders' equity and average assets for

Jun 22, 2018 09:00 am ET

Northwest Bancshares, Inc. Promotes Ronald J. Seiffert to Chief Executive Officer

WARREN, Pa., June 22, 2018 /PRNewswire/ -- Northwest Bancshares, Inc. (NasdaqGS: NWBI) and Northwest Bank announced today that Ronald J. Seiffert has been named President and Chief Executive Officer of both companies. Mr. Seiffert joined Northwest in November, 2017 as President and Chief Operating Officer. In that capacity he was responsible for overseeing the company's administrative, financial, operational and revenue producing activities. He was also responsible for leading the update of the company's strategic plan. In his expanded role, Mr. Seiffert will be responsible for all of

Jun 21, 2018 07:50 am ET

Investor Expectations to Drive Momentum within JBG SMITH Properties, Northwest Bancshares, Warrior Met Coal, Natus Medical, Triangle Capital, and National HealthCare — Discovering Underlying Factors o

In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of JBG SMITH Properties (NYSE:JBGS), Northwest Bancshares, Inc....

Jun 12, 2018 08:30 am ET

Donegal Group Inc. Announces Sale of Donegal Financial Services Corporation

Donegal Group Inc. (NASDAQ:DGICA) (NASDAQ:DGICB) announced today that Donegal Group Inc. (“DGI”) and Donegal Mutual Insurance Company (“DMIC”) have entered into an agreement to sell Donegal Financial Services Corporation (“DFSC”) and its wholly...

Jun 12, 2018 08:30 am ET

Northwest Bancshares, Inc. Expands Presence in Lancaster County, PA Through the Merger with Donegal Financial Services Corporation

WARREN, Pa. and MARIETTA, Pa., June 12, 2018 /PRNewswire/ -- Northwest Bancshares, Inc. ("Northwest") (NASDAQ: NWBI) and Donegal Financial Services Corporation ("DFSC") (privately-owned) announced today the signing of a definitive agreement pursuant to which Northwest will acquire DFSC in a cash and stock transaction for total consideration valued at $85 million. In addition to the $85 million deal consideration, given DFSC's substantial capital position, DFSC will pay a dividend of approximately $30 million to its two shareholders, Donegal Group Inc. and Donegal Mutual Insurance Company, i

May 01, 2018 07:55 am ET

Report: Developing Opportunities within AMC Networks, JELD-WEN Holding, Blueprint Medicines, Northwest Bancshares, Anika Therapeutics, and Aethlon Medical — Future Expectations, Projections Moving int

NEW YORK, May 01, 2018 (GLOBE NEWSWIRE) -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of AMC Networks Inc. (NASDAQ:AMCX), JELD-WEN Holding,...

Apr 18, 2018 09:00 am ET

Northwest Bancshares, Inc. Announces First Quarter 2018 Earnings and Quarterly Dividend

WARREN, Pa., April 18, 2018 /PRNewswire/ -- Northwest Bancshares, Inc. (NasdaqGS: NWBI) announced net income for the quarter ended March 31, 2018 of $25.0 million, or $0.24 per diluted share. This represents an increase of $7.3 million, or 40.8%, compared to the same quarter last year when net income was $17.7 million or $0.17 per diluted share. The annualized returns on average shareholders' equity and average assets for the quarter ended March 31, 2018 were 8.40% and 1.08% compared to 6.15% and 0.75% for the same quarter last year.

Mar 23, 2018 03:41 pm ET

Northwest Names Torchio Head of Retail Lending

WARREN, Penn., March 23, 2018 /PRNewswire/ -- Northwest Bank named Louis J. Torchio as executive vice president, Retail Lending. Ronald J. Seiffert, president and chief operating officer, made the announcement.

Mar 13, 2018 08:03 am ET

NORTHWEST BANCSHARES (NWBI) SHAREHOLDER ALERT – Andrews & Springer LLC is Investigating Northwest Bancshares, Inc. for Potential Breaches of Fiduciary Duty and Securities Violations

Andrews & Springer LLC, a boutique securities class action law firm focused on representing shareholders nationwide, is investigating potential breach of fiduciary duty and securities violations against Northwest Bancshares, Inc. (NASDAQGS: NWBI) (“Northwest Bancshares” or the “Company”).

Mar 02, 2018 08:30 am ET

Investor Expectations to Drive Momentum within Natera, IDEX, IDT, Northwest Bancshares, Koppers, and ConnectOne — Discovering Underlying Factors of Influence

NEW YORK, March 02, 2018 (GLOBE NEWSWIRE) -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Natera, Inc. (NASDAQ:NTRA), IDEX Corporation (NYSE:IEX),...

Jan 22, 2018 09:52 am ET

Northwest Bancshares, Inc. Announces Fourth Quarter 2017 Earnings and Quarterly Dividend Increase

WARREN, Pa., Jan. 22, 2018 /PRNewswire/ -- Northwest Bancshares, Inc. (NasdaqGS: NWBI) announced net income for the quarter ended December 31, 2017 of $22.1 million, or $0.22 per diluted share. This represents a decrease of $2.4 million, or 9.6%, compared to the same quarter last year when net income was $24.5 million or $0.24 per diluted share. The annualized returns on average shareholders' equity and average assets for the quarter ended December 31, 2017 were 7.31% and 0.94% compared to 8.37% and 1.01% for the same quarter last year.

Jan 08, 2018 08:05 am ET

Report: Developing Opportunities within Kronos Worldwide, Emerge Energy Services LP, Achaogen, Ameris, Forward Air, and Northwest Bancshares — Future Expectations, Projections Moving into 2018

NEW YORK, Jan. 08, 2018 (GLOBE NEWSWIRE) -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Kronos Worldwide Inc (NYSE:KRO), Emerge Energy...

Nov 02, 2017 10:00 am ET

Northwest Appoints President and Chief Operating Officer

WARREN, Pa., Nov. 2, 2017 /PRNewswire/ -- Northwest Bancshares, Inc. (NasdaqGS: NWBI) and Northwest Bank announced that Ronald J. Seiffert has been hired to serve as President and Chief Operating Officer of both entities. Mr. Seiffert will commence employment on November 13, 2017. As President and Chief Operating Officer of Northwest, Mr. Seiffert will oversee the strategic planning process as well as the company's Revenue and Production Division and the Technology, Operations, Finance and Support Division.

Oct 23, 2017 11:47 am ET

Northwest Bancshares, Inc. Announces Third Quarter 2017 Earnings and Quarterly Dividend

WARREN, Pa., Oct. 23, 2017 /PRNewswire/ -- Northwest Bancshares, Inc. (NasdaqGS: NWBI) announced net income for the quarter ended September 30, 2017 of $23.6 million, or $0.23 per diluted share. This represents an increase of $9.4 million, or 66.2%, compared to the same quarter last year when net income was $14.2 million or $0.14 per diluted share. The annualized returns on average shareholders' equity and average assets for the quarter ended September 30, 2017 were 7.81% and 0.99% compared to 4.89% and 0.63% for the same quarter last year.

Jul 24, 2017 12:47 pm ET

Northwest Bancshares, Inc. Announces Second Quarter 2017 Earnings and Quarterly Dividend

WARREN, Pa., July 24, 2017 /PRNewswire/ -- Northwest Bancshares, Inc. (NasdaqGS: NWBI) announced net income for the quarter ended June 30, 2017 of $31.0 million, or $0.30 per diluted share. This represents an increase of $38.0 million compared to the same quarter last year when the Company reported a net loss of $7.0 million or $0.07 per diluted share. The annualized returns on average shareholders' equity and average assets for the quarter ended June 30, 2017 were 10.48% and 1.30% compared to (2.44)% and (0.32)% for the same quarter last year.

May 22, 2017 10:00 am ET

Northwest Bank Completes Sale of Maryland Offices

WARREN, Pa., May 22, 2017 /PRNewswire/ -- Northwest Bank, a subsidiary of Northwest Bancshares, Inc. (NasdaqGS: NWBI), announced the completion of the sale of three full-service offices in Maryland to Shore United Bank, a subsidiary of Shore Bancshares, Inc., on May 19, 2017. In addition to the transfer of the three office facilities, the divestiture included $212 million of deposits and $125 million of loans. The Company recorded a $17 million gain on the sale which will be reflected in the earnings for the second quarter.

Apr 24, 2017 05:01 pm ET

Northwest Bancshares, Inc. Announces First Quarter 2017 Earnings and Quarterly Dividend

WARREN, Pa., April 24, 2017 /PRNewswire/ -- Northwest Bancshares, Inc. (NasdaqGS: NWBI) announced net income for the quarter ended March 31, 2017 of $17.7 million, or $0.17 per diluted share. This represents a decrease of $238,000 compared to the same quarter last year when net income was $18.0 million or $0.18 per diluted share. The annualized returns on average shareholders' equity and average assets for the quarter ended March 31, 2017 were 6.15% and 0.75% compared to 6.21% and 0.81% for the same quarter last year.

Jan 23, 2017 11:29 am ET

Northwest Bancshares, Inc. Announces Record Fourth Quarter 2016 Earnings and Quarterly Dividend Increase

WARREN, Pa., Jan. 23, 2017 /PRNewswire/ -- Northwest Bancshares, Inc. (NasdaqGS: NWBI) announced net income for the quarter ended December 31, 2016 of $24.5 million, or $0.24 per diluted share. This represents an increase of $8.3 million, or 51.3%, compared to the same quarter last year when net income was $16.2 million or $0.16 per diluted share. The annualized returns on average shareholders' equity and average assets for the quarter ended December 31, 2016 were 8.37% and 1.01% compared to 5.55% and 0.73% for the same quarter last year.

Jan 10, 2017 04:42 pm ET

Shore United Bank Expands Maryland Operations with Acquisition of Three Branches in the Greater Baltimore Metro Areas of Elkridge, Owings Mills and Arbutus from Northwest Bank

EASTON, Md. and WARREN, Pa., Jan. 10, 2017 /PRNewswire/ -- Shore Bancshares, Inc. (NASDAQ: SHBI) announced today that its banking subsidiary, Shore United Bank, has entered into a purchase and assumption agreement to acquire three bank branches located in the greater Baltimore, Maryland metropolitan area with approximately $214 million in deposits, $152 million of performing loans and $40 million of cash from Northwest Bank, the bank subsidiary of Northwest Bancshares, Inc. (NASDAQ: NWBI). This acquisition provides Shore United Bank with the opportunity to enhance its footprint in Maryland

Jan 10, 2017 04:15 pm ET

Shore United Bank Expands Maryland Operations with Acquisition of Three Branches in the Greater Baltimore Metro Areas of Elkridge, Owings Mills and Arbutus from Northwest Bank

Oct 24, 2016 12:53 pm ET

Northwest Bancshares, Inc. Announces Third Quarter 2016 Earnings and Quarterly Dividend

WARREN, Pa., Oct. 24, 2016 /PRNewswire/ -- Northwest Bancshares, Inc. (NasdaqGS: NWBI) announced net income for the quarter ended September 30, 2016 of $14.2 million, or $0.14 per diluted share. This represents an increase of $1.3 million compared to the same quarter last year when net income was $12.9 million or $0.13 per diluted share. The annualized returns on average shareholders' equity and average assets for the quarter ended September 30, 2016 were 4.89% and 0.63% compared to 4.54% and 0.59% for the same quarter last year.

Oct 13, 2016 06:27 pm ET

Northwest Insurance Services to Acquire Winans Insurance & Employee Benefits

WARREN, Pa., Oct. 13, 2016 /PRNewswire/ -- Northwest Insurance Services, a subsidiary of Northwest Bank, announced today that it signed a definitive agreement, effective November 1, to acquire Winans Insurance & Employee Benefits, a property and casualty insurance and employee benefits firm located in Warren, Pennsylvania.

Sep 12, 2016 05:01 pm ET

Northwest Bank Completes First Niagara Office Acquisition

WARREN, Pa., Sept. 12, 2016 /PRNewswire/ -- Northwest Bank, a subsidiary of Northwest Bancshares, Inc. (NasdaqGS: NWBI), announced the completion of its acquisition on September 9, 2016 of 18 full-service offices and one free standing drive-thru facility in Western New York from First Niagara Bank, increasing Northwest's New York regional presence to 37 offices.

Sep 12, 2016 04:24 pm ET

Northwest Names Golding New York Region President

BUFFALO, N.Y., Sept. 12, 2016 /PRNewswire/ -- John J. Golding has been named president of Northwest Bank's New York Region. Jonathan P. Scalise, executive vice president, Business Development, made the announcement.

Aug 25, 2016 02:52 pm ET

Northwest Honored by Forbes as one of America's 50 Most Trustworthy Financial Companies

WARREN, Pa., Aug. 25, 2016 /PRNewswire/ -- Northwest Bancshares, Inc., the parent company of Northwest Bank, has been recognized by Forbes as one of America's 50 Most Trustworthy Financial Companies.

Aug 08, 2016 03:35 pm ET

Northwest Bank Receives Regulatory Approval for Acquisition of 18 First Niagara Bank Offices in Western New York

WARREN, Pa., Aug. 8, 2016 /PRNewswire/ -- Northwest Bancshares, Inc. (NasdaqGS: NWBI) announced that its wholly-owned subsidiary, Northwest Bank, has received the necessary regulatory approvals from the Pennsylvania Department of Banking and Securities and the Federal Deposit Insurance Corporation for the proposed acquisition of 18 First Niagara Bank offices. The transaction is expected to close on September 9, 2016.

Jul 25, 2016 12:38 pm ET

Northwest Bancshares, Inc. Announces Second Quarter 2016 Results and Quarterly Dividend

WARREN, Pa., July 25, 2016 /PRNewswire/ -- Northwest Bancshares, Inc. (NasdaqGS: NWBI) announced a net loss for the quarter ended June 30, 2016 of $7.0 million, or $0.07 per diluted share. This represents a decrease of $22.3 million compared to the same quarter last year when net income was $15.3 million or $0.17 per diluted share. The annualized returns on average shareholders' equity and average assets for the quarter ended June 30, 2016 were (2.44)% and (0.32)% compared to 5.77% and 0.78% for the same quarter last year.

May 12, 2016 11:56 am ET

Northwest Bancshares, Inc. elects Mark A. Paup to Board of Directors

WARREN, Pa., May 12, 2016 /PRNewswire/ -- The stockholders of Northwest Bancshares, Inc., the parent company of Northwest Bank, elected Mark A. Paup as a member of its Board of Directors at the company's Annual Meeting of Stockholders on April 20, 2016.

May 09, 2016 01:53 pm ET

J.D. Power Ranks Northwest Bank "Highest Customer Satisfaction with Retail Banking in the Mid-Atlantic Region"

WARREN, Pa., May 9, 2016 /PRNewswire/ -- Northwest Bank (NASDAQ: NWBI) ranks highest in customer satisfaction in the Mid-Atlantic Region, according to the J.D. Power 2016 U.S. Retail Banking Satisfaction Study.

Apr 28, 2016 05:19 pm ET

KeyCorp, Department of Justice, and Federal Reserve Board Agree on First Niagara Branch Divestitures

CLEVELAND, April 28, 2016 /PRNewswire/ -- KeyCorp (NYSE: KEY) and First Niagara Financial Group, Inc. (NASDAQ: FNFG) announced today that they have reached an agreement with Northwest Bank, a wholly-owned subsidiary of Northwest Bancshares, Inc. (NASDAQGS: NWBI), to sell 18 branches in the Buffalo Federal Reserve banking market totaling $1.7 billion in deposits and $0.5 billion in loans. Northwest Bank's purchase includes all 18 branches slated for divestiture under Key's agreements with the United States Department of Justice (DOJ) and the Federal Reserve Board, which were entered into in

Apr 28, 2016 05:15 pm ET

Northwest Bancshares, Inc. to Acquire $1.7 Billion in Deposits and 18 First Niagara Branches in Buffalo, New York

WARREN, Pa., April 28, 2016 /PRNewswire/ -- Northwest Bancshares, Inc. (NASDAQGS: NWBI) today announced that its wholly-owned subsidiary, Northwest Bank ("Northwest"), has signed a definitive agreement to acquire 18 Western New York bank branches with deposits of $1.7 billion, subject to the closing of the KeyCorp/First Niagara Financial Group, Inc. merger, from First Niagara Bank N.A., which will be a wholly owned subsidiary of KeyCorp at the time of closing. The premium to be paid on the deposits to be transferred is 4.5%. In addition to receiving approximately $1.0 billion in cash from

Apr 22, 2016 10:00 am ET

Northwest Bancshares, Inc. Announces First Quarter 2016 Earnings and Quarterly Dividend

WARREN, Pa., April 22, 2016 /PRNewswire/ -- Northwest Bancshares, Inc. (NasdaqGS: NWBI) announced net income for the quarter ended March 31, 2016 of $18.0 million, or $0.18 per diluted share. This represents an increase of $1.8 million, or 11.2%, compared to the same quarter last year when net income was $16.2 million, or $0.18 per diluted share. The annualized returns on average shareholders' equity and average assets for the quarter ended March 31, 2016 were 6.21% and 0.81% compared to 6.17% and 0.83% for the same quarter last year.

Jan 25, 2016 04:01 pm ET

Northwest Bancshares, Inc. Announces Fourth Quarter 2015 Earnings and Increase in Quarterly Dividend

WARREN, Penn., Jan. 25, 2016 /PRNewswire/ -- Northwest Bancshares, Inc. (NasdaqGS: NWBI) announced net income for the quarter ended December 31, 2015 of $16.2 million, or $0.16 per diluted share. This represents a decrease of $1.1 million, or 6.6%, compared to the same quarter last year when net income was $17.3 million, or $0.19 per diluted share. The annualized returns on average shareholders' equity and average assets for the quarter ended December 31, 2015 were 5.83% and 0.77% compared to 6.42% and 0.88% for the same quarter last year. Earnings for the current quarter include acquisiti