Last $12.85 USD
Change Today +0.05 / 0.39%
Volume 3.4K
NWBI On Other Exchanges
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Exchange
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As of 9:33 AM 05/22/13 All times are local (Market data is delayed by at least 15 minutes).

northwest bancshares inc (NWBI) Snapshot

Open
$12.78
Previous Close
$12.80
Day High
$12.85
Day Low
$12.76
52 Week High
05/22/13 - $12.84
52 Week Low
06/4/12 - $10.92
Market Cap
1.2B
Average Volume 10 Days
550.3K
EPS TTM
$0.69
Shares Outstanding
93.7M
EX-Date
04/30/13
P/E TM
18.6x
Dividend
$0.48
Dividend Yield
4.67%
Current Stock Chart for NORTHWEST BANCSHARES INC (NWBI)

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northwest bancshares inc (NWBI) Details

Northwest Bancshares, Inc. operates as the holding company for Northwest Savings Bank that offers various personal and business banking solutions, investment management and trust services, and insurance products. It operates in two segments, Community Banking and Consumer Finance. The company offers personal and business deposits, such as interest and noninterest-bearing checking accounts, savings accounts, money market deposit accounts, term certificate accounts, and individual retirement accounts. Its loan portfolio comprises one- to four-family residential real estate loans, multi-family residential and commercial real estate loans, home equity loans and lines of credit, and commercial business loans, as well as consumer loans, including automobile loans, sales finance loans, unsecured personal loans, credit card loans, and loans secured by deposit accounts. The company also offers trust, investment management, actuarial and benefit plan administration, brokerage services, title insurance, and municipal bonds, as well as property and casualty, and employer benefit plan insurance services. As of December 31, 2012, it operated 165 community-banking offices in central and western Pennsylvania, western New York, eastern Ohio, and Maryland; and 52 consumer finance offices in Pennsylvania. The company was founded in 1896 and is headquartered in Warren, Pennsylvania.

1,864 Employees
Last Reported Date: 03/1/13
Founded in 1896

northwest bancshares inc (NWBI) Top Compensated Officers

Chairman, Chief Executive Officer, President,...
Total Annual Compensation: $643.7K
Chief Financial Officer, Executive Vice Presi...
Total Annual Compensation: $300.3K
Executive Vice President of Banking Services ...
Total Annual Compensation: $300.3K
Executive Vice President of the Investment & ...
Total Annual Compensation: $293.7K
Chief Lending Officer of Northwest Savings Ba...
Total Annual Compensation: $248.2K
Compensation as of Fiscal Year 2012.

northwest bancshares inc (NWBI) Key Developments

Northwest Bancshares, Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2013; Reports Net Charge-Offs for the First Quarter Ended March 31, 2013; Declares Cash Dividend for the First Quarter of 2013, Payable on May 16, 2013

Northwest Bancshares, Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported net income of $15.3 million, or $0.17 per basic and diluted share, an increase of $117,000, or 0.8%, over the same quarter last year when net income was $15.2 million, or $0.16 per basic and diluted share. Total interest income was $80.134 million against $86.249 million a year ago. Net interest income was $64.489 million against $65.406 million a year ago. Income before income taxes was $21.737 million against $21.483 million a year ago. Annualized return on average equity was 5.45% against 5.29% a year ago. Annualized return on average assets was 0.78% against 0.76% a year ago. The changes in net interest income were primarily due to continued competitive pricing pressure, decreases in market interest rates and adjustable rate loans re-pricing at lower interest rates. For the quarter ended March 31, 2013, the company's net charge-offs, increased by $3.9 million, to $8.4 million compared to $4.5 million in the same quarter last year. The company also announced that its Board of Directors declared cash dividend for the first quarter of 2013 of $0.12 per share payable on May 16, 2013, to shareholders of record as of May 2, 2013.

Northwest Bancshares, Inc. Announces Special Dividend, Payable on May 16, 2013

The Board of Directors of Northwest Bancshares, Inc. announced the declaration of a special cash dividend of $0.12 per share. This dividend will be paid on May 16, 2013 to shareholders of record as of May 2, 2013 and will be in addition to the regular dividend that will be paid on the same day.

Northwest Bancshares, Inc., Annual General Meeting, Apr 17, 2013

Northwest Bancshares, Inc., Annual General Meeting, Apr 17, 2013., at 11:00 US Eastern Standard Time. Location: The Struthers Library Theatre, located at 302 W. Third Avenue. Agenda: To consider election of five directors; to consider ratification of the appointment of KPMG LLP as the independent registered public accounting firm for the year ending December 31, 2013; and to consider an advisory, non-binding resolution to approve the executive compensation described in the Proxy Statement; and to consider such other matters as may properly come before the annual meeting, or any adjournments thereof.

 

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Industry Analysis

NWBI

Industry Average

Valuation NWBI Industry Range
Price/Earnings 18.7x
Price/Sales 3.9x
Price/Book 1.0x
Price/Cash Flow 18.8x
TEV/Sales NM Not Meaningful
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