Welcome to our dedicated page for Northwest Bancshares Md news (Ticker: NWBI), a resource for investors and traders seeking the latest updates and insights on Northwest Bancshares Md stock.
Northwest Bancshares, Inc. (NASDAQ: NWBI) is the bank holding company for Northwest Bank, a full-service financial institution founded in 1896 and headquartered in Columbus, Ohio. This news page aggregates company-issued updates and market coverage related to Northwest’s banking operations, financial performance and corporate developments.
Readers can find announcements about quarterly and annual financial results, including details on net interest income, net interest margin, provisions for credit losses, noninterest income and noninterest expense. Earnings releases often discuss trends in residential mortgage, home equity, consumer, commercial real estate and commercial loan portfolios, as well as changes in deposits, investments and borrowings.
The news flow for Northwest Bancshares, Inc. also includes information on strategic transactions and corporate actions. For example, the company has reported on the completion of its acquisition of Penns Woods Bancorp, Inc., the related integration of Jersey Shore State Bank and Luzerne Bank into Northwest Bank, and the resulting expansion of its branch network across Pennsylvania, New York, Ohio and Indiana.
Other updates highlight changes in the bank’s prime lending rate, leadership appointments in areas such as legal, treasury and wealth management, and plans for shareholder meetings. Together, these items provide insight into Northwest’s approach to community banking, wealth management, capital and liquidity management, and corporate governance.
Use this page to follow Northwest Bancshares, Inc. news related to financial results, branch footprint changes, rate decisions and management updates. For investors and observers of the savings institutions sector, the coverage here offers context on how Northwest manages its balance sheet, loan mix and broader banking strategy over time.
Northwest Bank (NWBI) has appointed Matthew Bower as Managing Director, Wealth Management in a newly created role. Bower will lead a team of over 100 associates and oversee the bank's wealth management offerings, including private banking, investment management, estate planning, and trust services.
Bower brings 25+ years of experience in wealth management, most recently serving as EVP and Chief Wealth Officer at C&N Bank, where he managed $1.7 billion in assets and drove double-digit annual revenue growth. His prior roles include leadership positions at PNC Financial Services and Bank of America's private bank.
Northwest Bank (NWBI) has appointed Chad Wheeler as Managing Director and Treasurer. Wheeler brings nearly 30 years of experience in treasury and financial strategy to oversee the bank's treasury function, including interest rate management, liquidity, capital efforts, and securities investment portfolio management.
Wheeler joins from Fulton Bank, where he served as Executive Vice President and Treasurer, managing a $32 billion regional financial institution. His previous experience includes building the treasury function at Customers Bank and working at Santander Bank. At Northwest Bank, he will be responsible for ensuring regulatory compliance and risk management as the bank continues its growth trajectory.
Northwest Bank (NWBI) has announced a reduction in its prime lending rate from 7.50% to 7.25%, effective September 18, 2025. This marks the bank's second rate reduction in recent months, following a previous decrease from 7.75% to 7.50% on December 19, 2024. The adjustment affects Northwest's complete line of business and personal banking solutions.
Northwest Bancshares (NASDAQ:NWBI) reported Q2 2025 net income of $34 million, or $0.26 per diluted share, up from $5 million in Q2 2024 but down from $43 million in Q1 2025. The company achieved a strong net interest margin of 3.56% and total revenue growth of 54% year-over-year.
Key highlights include 19% growth in Commercial C&I lending, successful completion of the Penns Woods merger, and a 9% increase in noninterest income over the previous quarter. The Board declared a quarterly dividend of $0.20 per share, representing an annualized yield of 6.3%. The company's average loans receivable stood at $11.25 billion, with deposits at $12.15 billion.
Northwest Bancshares (NASDAQ: NWBI) has successfully completed its acquisition of Penns Woods Bancorp (NASDAQ: PWOD) on July 25, 2025. The merger integrates Penns Woods' subsidiary banks, Jersey Shore State Bank and Luzerne Bank, into Northwest Bank's operations.
The strategic acquisition expands Northwest's Pennsylvania presence with 21 additional branch locations across North Central and Northeastern Pennsylvania, bringing its total network to 151 financial centers across Pennsylvania, New York, Ohio, and Indiana. Former Penns Woods CEO Richard A. Grafmyre joins Northwest's Board of Directors, and all acquired branches have been rebranded under the Northwest Bank name following system integration over July 26-27, 2025.
Northwest Bancshares (Nasdaq: NWBI) has scheduled its second quarter 2025 earnings conference call for Wednesday, July 30, 2025, at 8:30 a.m. EDT. The company will release its financial results and supporting data after market close on Tuesday, July 29, 2025.
Investors and interested parties can access the live audio webcast and presentation slides through the company's website investor relations section. Registration for the conference call is available through a dedicated link, with participants advised to join 15 minutes before the call starts. A replay will be available in the investor relations section after the event.
Northwest Bank (NWBI) has opened its first new financial center in six years in the Nickel Plate District of Fishers, Indiana. The 1,320 square foot facility features private meeting rooms, open spaces, and digital services through ATMs. The location will serve as part of the bank's new regional headquarters spanning 8,964 square feet for Indiana operations.
The center employs 14 full-time staff offering retail, small business, and commercial banking services. It features a Virtual Teller Machine (VTM) with extended hours from 7am-7pmET Monday-Friday and 8:30am-12pmET on Saturdays. Northwest Bank currently maintains 20 full-service locations and one drive-up location in Indiana, employing 175 people across the state.
Northwest Bancshares (NWBI) announced a leadership transition in its board of directors. Timothy B. Fannin has stepped down as Board Chair ahead of his planned 2026 retirement and has been succeeded by Timothy M. Hunter, who previously served as Vice Chair. Hunter, who joined the board in 2015, brings extensive business experience as the former President and CEO of McInnes Rolled Rings (2003-2024) and is a CPA with Ernst & Young background.
The transition comes as Northwest is poised to become a Top 100 US bank following its upcoming merger with Penns Woods, expected to close in late July 2025. This merger represents the largest acquisition in the company's history. Under Fannin's leadership since 2013, Northwest has made significant progress in executing its strategic growth plan, focusing on customer-focused, community banking.
Northwest Bancshares reported strong Q1 2025 financial results with net income of $43 million, or $0.34 per diluted share, marking a significant increase from $29 million in Q1 2024. The company's performance showed notable improvements with:
- Net interest margin expanded to 3.87%, marking the 4th consecutive quarter of improvement
- Total revenue grew 19% from first quarter 2024
- Credit quality remained stable with nonperforming assets at 0.52% of total assets
Key financial highlights include a quarterly cash dividend of $0.20 per share, representing an annualized yield of 6.7%. The bank's average deposits grew by $200 million year-over-year, while average loans decreased by $169 million. The company received all regulatory and shareholder approvals for the Penns Woods merger, expected to close by late July 2025.
Northwest Bank operates 130 financial centers and 11 drive-up facilities across Pennsylvania, New York, Ohio, and Indiana, offering business, personal banking, and wealth management services.
Northwest Bancshares (NWBI) has secured all necessary regulatory and shareholder approvals for its merger with Penns Woods Bancorp (PWOD). The merger includes Penns Woods' subsidiary banks, Jersey Shore State Bank and Luzerne Bank, which will merge into Northwest Bank.
Key approvals include:
- FDIC approval for the subsidiary banks merger
- Pennsylvania Department of Banking and Securities approval for both holding company and bank-level mergers
- Federal Reserve Bank of Cleveland's merger application waiver
- Penns Woods shareholders' approval on April 22, 2025
The merger is expected to be completed in late July 2025.