Northwest Bancshares (NWBI) came out with quarterly earnings of $0.35 per share, beating the Zacks Consensus Estimate of $0.25 per share. This compares to earnings of $0.23 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 40%. A quarter ago, it was expected that this holding company for Northwest Savings Bank would post earnings of $0.26 per share when it actually produced earnings of $0.27, delivering a surprise of 3.85%.Over ...

EXHIBIT 99.1 PRESS RELEASE OF NORTHWEST BANCSHARES, INC. EARNINGS RELEASE FOR IMMEDIATE RELEASE Investor Contact: Michael Perry, Corporate Development & Strategy (814) 726-2140 Media Contact: Ian Bailey, External Communications (380) 400-2423 Northwest Bancshares, Inc. Announces First Quarter 2025 net income of $43 million, or $0.34 per diluted share Net interest margin expands 45 basis points to 3.87% our 4th consecutive quarter of improved margin All regulatory and shareholder approvals received for Penns ...

Net interest margin expands 45 basis points to 3.87% our 4th consecutive quarter of improved margin All regulatory and shareholder approvals received for Penns Woods mergerTotal revenue grew 19% from first quarter 20243rd consecutive quarter of reduced costs of fundsCredit quality remains stable with nonperforming assets at 0.52% of total assetsCOLUMBUS, Ohio, April 28, 2025 /PRNewswire/ -- Northwest Bancshares, Inc., (the "Company"), (Nasdaq: NWBI) announced net income for the quarter ended March 31, 2025 ...

Core Viewpoint - Northwest Bancshares, Inc. will host a conference call to discuss its first quarter 2025 financial results on April 29, 2025, at 9:00 a.m. EDT, with results released after market close on April 28, 2025 [1]. Group 1: Conference Call Details - The conference call will be available via a live audio webcast, and presentation slides will be accessible in the Investor Relations section of the company's website [2]. - The public can register for the conference call through a specified link, receiving instructions for calendar downloads and email reminders [2]. - Participants are encouraged to join 15 minutes prior to the call, and a replay of the webcast will be archived on the company's website [3]. Group 2: Company Overview - Northwest Bancshares, Inc. is headquartered in Columbus, Ohio, and serves as the bank holding company for Northwest Bank, which was founded in 1896 [4]. - Northwest Bank is a full-service financial institution offering a wide range of business and personal banking products, as well as employee benefits and wealth management services [4]. - The company operates 130 full-service financial centers and eleven free-standing drive-up facilities across Pennsylvania, New York, Ohio, and Indiana [4]. - Northwest Bancshares, Inc.'s common stock is listed on the NASDAQ Global Select Market under the ticker symbol "NWBI" [4].

Core Viewpoint - Purcell & Lefkowitz LLP is investigating Northwest Bancshares, Inc. to determine if its directors breached fiduciary duties related to recent corporate actions [1] Group 1 - The investigation is on behalf of the shareholders of Northwest Bancshares, Inc. [1] - The law firm specializes in representing shareholders affected by securities fraud and corporate misconduct [3] - Shareholders can obtain additional information regarding their rights and options at no cost [2]

Financial Position - Total assets as of December 31, 2024, were $14.41 billion, slightly down from $14.42 billion in 2023, reflecting a decrease of about 0.1%[501]. - Total liabilities decreased to $12.81 billion in 2024 from $12.87 billion in 2023, representing a reduction of approximately 0.4%[501]. - Deposits increased to $12.14 billion in 2024, up from $11.98 billion in 2023, marking an increase of about 1.4%[501]. - Cash and cash equivalents rose significantly to $288.4 million in 2024 from $122.3 million in 2023, showing an increase of approximately 135.8%[501]. - Marketable securities available-for-sale increased to $1.11 billion in 2024 from $1.04 billion in 2023, reflecting a growth of about 6.5%[501]. - Loans held for investment decreased to $11.18 billion in 2024 from $11.41 billion in 2023, a decline of approximately 2.0%[501]. Interest Rate Sensitivity - Total rate-sensitive assets amount to $13,163,845,000, with $5,636,509,000 maturing within 1 year[1]. - Total rate-sensitive liabilities are $9,999,684,000, with $5,606,583,000 maturing within 1 year[1]. - Cumulative interest sensitivity gap as a percentage of total assets is 21.91%[1]. - Estimated net interest income may decrease by no more than 5%, 10%, and 15% for parallel shifts of 100 bps, 200 bps, and 300 bps, respectively[4]. - Estimated net income may decrease by no more than 10%, 20%, and 30% for parallel shifts of 100 bps, 200 bps, and 300 bps, respectively[5]. - Market value of equity may not decrease by more than 15%, 30%, and 35% for parallel shifts of 100 bps, 200 bps, and 300 bps, respectively[6]. - Projected percentage decrease in net interest income for a 300 bps increase is (3.7)% and for a 300 bps decrease is (6.4)%[8]. - Projected percentage decrease in net income for a 300 bps increase is (8.8)% and for a 300 bps decrease is (15.4)%[8]. Credit Losses and Allowances - The allowance for credit losses for loans held for investment was $116.8 million as of December 31, 2024, down from $125.2 million in 2023, indicating a decrease of approximately 6.4%[493]. - The total allowance for credit losses as of December 31, 2024, is $116.819 million, down from $125.243 million as of December 31, 2023, representing a decrease of approximately 6.4%[620]. - Personal Banking's total allowance for credit losses decreased from $51.706 million in 2023 to $43.464 million in 2024, a reduction of about 16%[625]. - Commercial Banking's total allowance for credit losses remained relatively stable, decreasing slightly from $73.537 million in 2023 to $73.355 million in 2024[625]. - Provision for credit losses on loans increased to $27,679 thousand in 2024 from $18,664 thousand in 2023[504]. - The company did not recognize an allowance for credit losses in its investment portfolio for the years ended December 31, 2024, 2023, and 2022[606]. Income and Expenses - Total interest income for 2024 increased to $669,196 thousand, up 13.8% from $587,922 thousand in 2023[504]. - Net interest income after provision for credit losses was $411,073 thousand in 2024, slightly down from $412,809 thousand in 2023[504]. - Noninterest income decreased to $87,010 thousand in 2024, a decline of 23.6% compared to $113,823 thousand in 2023[504]. - Total noninterest expense rose to $368,537 thousand in 2024, an increase of 4.8% from $351,554 thousand in 2023[504]. - Net income for 2024 was $100,278 thousand, down 25.5% from $134,957 thousand in 2023[506]. - Basic earnings per share decreased to $0.79 in 2024 from $1.06 in 2023[504]. - Total comprehensive income for 2024 was $138,856 thousand, compared to $156,623 thousand in 2023[506]. Marketable Securities - Total marketable securities available-for-sale amounted to $1,108,944 million as of December 31, 2024, with gross unrealized losses of $170,918 million[603]. - The Company recognized a total of $750,586 million in marketable securities held-to-maturity as of December 31, 2024, with gross unrealized losses of $112,639 million[603]. - The total residential mortgage-backed securities available-for-sale as of December 31, 2024, had an amortized cost of $1,139,018 million and a fair value of $988,707 million[607]. - The company sold marketable securities classified as available-for-sale for $276 million in 2024, incurring gross realized losses of $39 million[606]. Loans and Nonaccruals - The company reported a total loans receivable of $11,180,014 million as of December 31, 2024, with a net total of $11,063,195 million after accounting for an allowance for credit losses of $116,819 million[614]. - Nonaccrual loans as of December 31, 2024, total 61,401, compared to 94,384 as of December 31, 2023, reflecting a significant reduction of about 34.9%[625]. - The company reported a total of $656 thousand in loans that are 90 days past due and accruing as of December 31, 2024, down from $2.698 million in 2023[625]. - The total loans modified for borrowers in financial distress included a combination of term extensions and interest rate reductions, with a total of $1,733,000 in 2024[634]. Operational and Regulatory Aspects - Management concluded that the Company's internal control over financial reporting is effective as of December 31, 2024[11]. - The consolidated financial statements present fairly the financial position of the company as of December 31, 2024, in conformity with U.S. generally accepted accounting principles[488]. - The company has maintained a consistent approach to evaluating expected credit losses, utilizing a twenty-four-month reasonable and supportable forecast period[496]. - The company has 141 banking locations across Pennsylvania, New York, Ohio, and Indiana, focusing on personal and commercial banking products[518]. - The company adopted ASU No. 2023-02 effective January 1, 2024, which did not have a material impact on its financial statements[594].

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Financial Data and Key Metrics Changes - The company reported solid returns in the fourth quarter, indicating a significant improvement in net interest income [6]. Business Line Data and Key Metrics Changes - Specific details regarding changes in various business lines were not provided in the available content. Market Data and Key Metrics Changes - Information on market data and key metrics changes was not included in the provided content. Company Strategy and Development Direction and Industry Competition - The company expressed satisfaction with its core financial performance, suggesting a focus on maintaining strong operational results [6]. Management's Comments on Operating Environment and Future Outlook - Management highlighted a positive outlook for the future, emphasizing the solid returns achieved in the fourth quarter [6]. Other Important Information - The call included a mention of a supplemental earnings release presentation available on the Investor Relations website, indicating transparency and accessibility of financial information [5]. Q&A Session Summary - No specific questions and answers from the Q&A session were provided in the available content.

Fourth Quarter 2024 Earnings Conference Call January 24, 2025 Louis J. Torchio T.K. Creal President and Chief Executive Officer Chief Credit Officer Douglas M. Schosser Michael D. Perry Chief Financial Officer Investor Relations Sean P. Morrow Treasurer Corporate Development & Strategy Forward-looking Statements and Additional Information The information contained in this presentation may contain forward-looking statements. When used or incorporated by reference in disclosure documents, the words "believe," ...

Core Insights - Northwest Bancshares (NWBI) reported revenue of $154.26 million for Q4 2024, marking a year-over-year increase of 13.9% and exceeding the Zacks Consensus Estimate by 9.40% [1] - The earnings per share (EPS) for the same quarter was $0.27, up from $0.24 a year ago, with an EPS surprise of 3.85% over the consensus estimate of $0.26 [1] Financial Performance Metrics - Efficiency Ratio was reported at 61.8%, better than the estimated 64.6% [4] - Net interest margin stood at 3.4%, slightly above the estimated 3.3% [4] - Average balance of total interest-earning assets was $13.39 billion, compared to the estimated $13.43 billion [4] - Net charge-offs to average loans, annualized, were 0.9%, higher than the average estimate of 0.2% [4] - Total noninterest income was $40.06 million, significantly exceeding the estimated $29.37 million [4] - Mortgage banking income was reported at $0.22 million, below the estimated $0.86 million [4] - Trust and other financial services income was $7.49 million, slightly below the estimated $8.04 million [4] - Other operating income reached $13.30 million, far exceeding the estimated $2.53 million [4] - Service charges and fees were reported at $15.98 million, in line with the estimated $15.97 million [4] - Net Interest Income was $114.20 million, above the estimated $111.46 million [4] - Income from bank-owned life insurance was $2.02 million, surpassing the estimated $1.23 million [4] Stock Performance - Shares of Northwest Bancshares have returned -1.9% over the past month, contrasting with the Zacks S&P 500 composite's +2.5% change [3] - The stock currently holds a Zacks Rank 1 (Strong Buy), indicating potential for outperformance in the near term [3]