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AI brief of an SEC Form 8-K · Northwest Bancshares (NWBI)

Northwest Bancshares Q4 net income rises to $33 million, or $0.26 per share

Positive Impact 3 of 5 earnings Written later

Northwest Bancshares reported fourth quarter 2024 net income of $33 million, or $0.26 per diluted share, up from $29 million, or $0.23, a year earlier but down $1 million from the prior quarter. Adjusted net income (non-GAAP) was $35 million, or $0.27 per diluted share, and the board declared a $0.20 quarterly dividend, the 121st consecutive quarterly cash dividend. The filing also furnishes the results and reaffirms the pending Penns Woods Bancorp merger, expected to close in the third quarter of 2025.

Key points

  • Q4 2024 net income $33 million ($0.26 diluted EPS), vs. $29 million ($0.23) in Q4 2023 and $34 million ($0.26) in Q3 2024
  • Net interest margin rose to 3.42% from 3.33% in Q3 2024 and 3.16% in Q4 2023; efficiency ratio improved to 61.8%
  • Provision for credit losses rose to $16.6 million from $4.9 million in Q3 2024, driven by elevated charge-offs tied to loan pool sales
  • Quarterly dividend of $0.20 per share payable February 14, 2025, to shareholders of record as of February 3, 2025

The filing

CompanyNorthwest Bancshares (NWBI)
Form8-K, current report
Filed with the SECJan 24, 2025, 7:32 AM ET
Accession number0001471265-25-000005

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 6:56 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on January 24, 2025.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.