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Northwest Bancshares Inc - NWBI STOCK NEWS

Welcome to our dedicated news page for Northwest Bancshares (Ticker: NWBI), a resource for investors and traders seeking the latest updates and insights on Northwest Bancshares.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Northwest Bancshares's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Northwest Bancshares's position in the market.

News
Northwest Bancshares, Inc. and Northwest Bank Name Douglas M. Schosser Chief Financial Officer
Rhea-AI Summary
Northwest Bancshares, Inc. appoints Douglas M. Schosser as Chief Financial Officer, replacing William W. Harvey, Jr. Mr. Schosser brings extensive financial expertise from his previous roles at Key Corporation Bank and Victory Capital Management. His appointment aims to drive Northwest Bank's transformation and strategic goals.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.44%
Tags
none
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News
Northwest Bank Welcomes Jonathan Smith as Head of SBA Lending
Rhea-AI Summary
Jonathan Smith, a seasoned commercial finance professional with nearly 20 years of experience, has joined Northwest Bank as executive vice president, head of SBA lending. His appointment reaffirms Northwest's commitment to supporting small businesses and expanding its SBA lending program nationally. Smith's extensive background in business development and leadership roles at prominent banks positions him as the right leader to drive the continued growth of Northwest's SBA lending program. With a focus on providing flexible financing solutions, Smith aims to meet the needs of small businesses across the bank's footprint.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.18%
Tags
none
-
News
Northwest Bank Appoints Molly Abair as Head of Commercial Credit Management
Rhea-AI Summary
Molly Abair, with over 30 years of credit lending and management experience, joins Northwest Bank as the executive vice president and head of the Commercial Credit Management division. She will oversee all aspects of Underwriting and Portfolio Management, reflecting Northwest's dedication to comprehensive credit risk management. Abair's previous roles include head of commercial credit risk management for Lending Club and senior executive credit officer for TD Bank. She aims to drive Northwest's commercial credit operations to new heights, contributing to the bank's overall success.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.54%
Tags
management
News
Northwest Bancshares, Inc. Announces Fourth Quarter 2023 Earnings and Quarterly Dividend
Rhea-AI Summary
Northwest Bancshares, Inc. (NWBI) announced a decrease in net income for the quarter ended December 31, 2023, compared to the same quarter last year. The company declared a quarterly cash dividend of $0.20 per share, representing the 117th consecutive quarter of dividend payments. Despite liquidity and interest rate challenges, the company executed a commercial banking strategy, growing loans and deposit base. However, net interest income, noninterest income, and noninterest expense saw fluctuations. The provision for credit losses decreased, and the company's annual net income increased slightly. Northwest Bancshares, Inc. is the bank holding company of Northwest Bank, operating 134 full-service community banking offices in Pennsylvania, New York, Ohio, and Indiana.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.79%
Tags
dividends earnings
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News
Northwest Bancshares, Inc. Announces Third Quarter 2023 Earnings and Quarterly Dividend
Rhea-AI Summary
Northwest Bancshares, Inc. announces net income of $39.2 million for Q3 2023, representing a 5.1% increase compared to the same quarter last year. The company also declares a quarterly cash dividend of $0.20 per share.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.69%
Tags
dividends earnings
-
News
Northwest Bancshares, Inc. and Northwest Bank Announce CFO Retirement Date
Rhea-AI Summary
Northwest Bancshares, Inc. announces retirement of CFO and COO William W. Harvey, Jr.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.33%
Tags
none
News
Latest Debt Ratings from KBRA Reflect the Strength and Stability of Northwest Bank
Rhea-AI Summary
Debt ratings from KBRA affirm solid financial position of Northwest Bancshares, Inc. and Northwest Bank
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.56%
Tags
none
-
News
Northwest Bancshares, Inc. Announces Second Quarter 2023 Earnings and Quarterly Dividend
Rhea-AI Summary
Northwest Bancshares, Inc. (NWBI) announced Q2 2023 net income of $33.0 million, a 1.1% decrease from the same period last year. The company declared a $0.20 quarterly cash dividend, marking the 115th consecutive quarter with a cash dividend. Net interest income increased by 8.3% to $108.5 million, driven by higher market interest rates and redeployment of cash into higher yielding loans. However, noninterest income decreased by 2.1% to $29.8 million, and noninterest expense increased by 5.5% to $85.9 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.31%
Tags
dividends earnings
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News
Northwest Bancshares, Inc. Appoints New Board Member
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.79%
Tags
management
News
Northwest Bancshares, Inc. Announces First Quarter 2023 Earnings and Quarterly Dividend
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.31%
Tags
dividends earnings
Stock NWBI logo
Northwest Bancshares Inc

Nasdaq:NWBI

NWBI Rankings

#2160 Ranked by Market Cap
#3910 Ranked by Stock Gains
#373 Ranked by Dividends

NWBI Stock Data

1.38B
125.75M
1.04%
69.33%
3.13%
Savings Institutions
Finance and Insurance
Link
US
Columbus

About NWBI

if you’re looking for a customer-centric, community-oriented bank, look to northwest. we’re a bank that knows how important our people are, and it shows in everything we do. from the teller who greets you at the drive-up window to the personal banker who helps you with your first home loan, we go out of our way to put our customers first. we operate across pennsylvania, new york, and ohio - if you’re ever in our area, stop by one of our locations and speak with our friendly staff. founded in 1896, we’ve been around 120 years. that type of longevity proves that we’re a trusted institution with a history of award-winning customer service. we offer products and services to fit your diverse banking needs. from checking and savings accounts to business loans and retirement accounts, we think you’ll like what we have to offer. we’re a subsidiary of northwest bancshares, inc. find us on the nasdaq global select market under the symbol nwbi.