NWBI on Nasdaq

Northwest Bank

Logo: Northwest Bank, Public domain, via Wikimedia Commons5

Pennsylvania Bank

Northwest Bank is a bank headquartered in Warren, Pennsylvania. It is the leading subsidiary of Northwest Bancshares, Inc., a bank holding company, and operates 151 branches in Pennsylvania, Western New York, Northeast Ohio, Appalachian Ohio, and Indiana.3 Its shares trade on Nasdaq under the symbol NWBI.1 Wikipedia text CC BY-SA 4.0

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Last updated Oct 21, 2026.

Overview

1896Founded1

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  • TickerNWBI on Nasdaq1
  • Industryfinancial services1
  • HeadquartersWarren1
  • Websitewww.northwest.bank
  • Incorporated inMD6
  • Business address100 Liberty Street, Warren, Pa 163656
  • Filer categoryLarge accelerated filer6
  • Legal formSavings Bank4
  • LEILVR1UQE8OOCO93IHEB524
  • StatusActive4
  • LEI statusIssued and current4
  • Registered address100 Liberty St, 16365 Warren, United States4
  • Registered withFederal Deposit Insurance Corporation, 281784
Northwest Savings footprint
Photo: Canada Ontario location map.svg : NordNordWest USA Massachusetts location map.svg : Alexrk2 USA Rhode Island location map.svg : NordNordWest USA Connecticut location map.svg : Alexrk2 USA New York location map.svg : NordNordWest USA Pennsylvania location map.svg : Alexrk2 USA Delaware location map.s, CC BY-SA 3.0, via Wikimedia Commons8

Northwest Bank is a bank headquartered in Warren, Pennsylvania. It is the leading subsidiary of Northwest Bancshares, Inc., a bank holding company, and operates 151 branches in Pennsylvania, Western New York, Northeast Ohio, Appalachian Ohio, and Indiana.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Financial statements

Net income910111213$126.0M in 2025+14% since 2019
0$50.0M$100.0M$150.0M$200.0M2019: $110.4M$110.4M20192020: $74.9M$74.9M2020−32%2021: $154.3M$154.3M2021+106%2022: $133.7M$133.7M2022−13%2023: $135.0M$135.0M2023+1%2024: $100.3M$100.3M2024−26%2025: $126.0M$126.0M2025+26%

Every line of the income statement as filed: the last 3 fiscal years, latest first.13

Period ending2025-12-312024-12-312023-12-31
Loans receivable$681.3M$615.8M$543.7M
Mortgage-backed securities$50.6M$39.8M$32.9M
Taxable investment securities$4.4M$3.3M$3.3M
Tax-free investment securities$2.6M$2.0M$2.4M
FHLB stock dividends$2.0M$1.9M$2.9M
Interest-earning deposits$8.7M$6.5M$2.9M
Total interest income$749.7M$669.2M$587.9M
Deposits$199.0M$205.5M$105.3M
Borrowed funds$25.3M$28.1M$46.9M
Total interest expense$224.3M$233.6M$152.2M
Net interest income$525.4M$435.6M$435.7M
Provision for credit losses - loans$56.8M$27.7M$18.7M
Provision for credit losses - unfunded commitments-$1.3M-$3.2M$4.2M
Net interest income after provision for credit losses$469.8M$411.1M$412.8M
Gain/(loss) on sale of investments$178.0K-$39.4M-$8.3M
Gain on sale of mortgage servicing rights$0$0$8.3M
Gain on sale of SBA loans$2.8M$3.8M$1.8M
Gain on sale of loans$0$0$726.0K
Service charges and fees$65.1M$63.0M$59.2M
Trust and other financial services income$32.3M$30.1M$27.3M
Gain on real estate owned, net$622.0K$887.0K$2.0M
Income from bank-owned life insurance$12.8M$6.3M$8.6M
Mortgage banking income$3.2M$2.3M$2.4M
Other operating income$12.3M$20.0M$11.8M
Total noninterest income$129.3M$87.0M$113.8M
Compensation and employee benefits$237.9M$214.5M$195.7M
Premises and occupancy costs$31.4M$29.5M$29.2M
Office operations$13.6M$12.4M$13.0M
Collections expense$2.8M$2.1M$1.7M
Processing expenses$58.5M$59.4M$58.7M
Marketing expenses$8.7M$8.9M$9.4M
Federal deposit insurance premiums$11.5M$11.6M$9.3M
Professional services$13.1M$14.9M$17.8M
Amortization of intangible assets$5.2M$2.5M$3.3M
Merger, asset disposition and restructuring expense$42.8M$5.8M$6.7M
Other expenses$10.8M$7.1M$6.8M
Total noninterest expense$436.3M$368.5M$351.6M
Income before income taxes$162.8M$129.5M$175.1M
Federal$27.8M$22.3M$31.3M
State$8.9M$6.9M$8.8M
Total provision for income taxes$36.8M$29.3M$40.1M
Net income$126.0M$100.3M$135.0M
Basic earnings per share (in dollars per share)$0.93$0.79$1.06
Diluted earnings per share (in dollars per share)$0.92$0.79$1.06

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Corporate structure

Northwest Bank sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Northwest Bank

  • Northwest Bank Warren, Pennsylvania, United States

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Northwest Bank reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$296.0M13 Dec 31, 2025$311.3M13 Dec 31, 2024−4.9%
Accumulated depreciation$155.6M13 Dec 31, 2025$187.0M13 Dec 31, 2024−16.8%
Property and equipment, net$140.4M13 Dec 31, 2025$124.2M13 Dec 31, 2024+13.0%
Operating-lease assets (leased space)$44.9M13 Dec 31, 2025$46.2M13 Dec 31, 2024−2.8%

Investments

ItemLatestA year beforeChange
Loans, net of allowance$12.9B13 Dec 31, 2025$11.1B13 Dec 31, 2024+16.2%
Deposits held (banks)$13.9B13 Dec 31, 2025$12.1B13 Dec 31, 2024+14.8%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$444.3M13 Dec 31, 2025$381.0M13 Dec 31, 2024+16.6%
Intangible assets, net (excluding goodwill)$39.7M13 Dec 31, 2025$2.8M13 Dec 31, 2024+1298.2%
Finite-lived intangibles, net$39.7M13 Dec 31, 2025$2.8M13 Dec 31, 2024+1298.2%

Properties, in its own words

As of December 31, 2025, our Company's headquarters were located in Columbus, Ohio and the Bank's headquarters were located in Warren, Pennsylvania. We conducted our business through 94 full-service offices and 8 free-standing drive-up locations throughout our market area in central and western Pennsylvania, 27 full-service offices and 1 free-standing drive-up location in western New York, 10 full-service offices and 1 free-standing drive-up location in north eastern Ohio, and 20 full-service offices in Indiana. At December 31, 2025, our premises and equipment had an aggregate net book value of approximately $140 million.

Item 2 of the 10-K filed Feb 25, 2026.17

The story

19th century

The bank was founded in 1896 in Bradford, Pennsylvania. At the time, the bank was known as Northwest Mutual Savings Association.

20th century

In 1974, the bank moved its headquarters to Warren, Pennsylvania. While still known as Northwest Mutual Savings Association, the bank acquired a number of other financial institutions including Ridgway Federal Savings and Loan Association in 1983, Mutual Savings and Loan Association in 1984, Bakerstown Savings and Loan Association in 1985, Horizon Savings Association in 1990, Steitz Savings and Loan Association in 1990, American Federal Saving in 1992, First Federal Savings Bank of Kane in 1996, The First National Bank of Centre Hall in 1996, Bridgeville Savings Bank in 1997, and Corry Savings Bank in 1998.

In 1985, the bank acquired four southwestern Pennsylvania branches from Equimark, a subsidiary of Pittsburgh-based Equibank. Ten years later, when National City Corp. acquired Integra Bank (which had itself acquired Equibank two years before), Northwest acquired eight Integra branches from National City that were either redundant or in rural areas that had low chances for growth.

In 1993, the bank changed its name for the first time when it became Northwest Savings Bank. It also changed its regulatory agency to the FDIC and became a mutual savings bank.

21st century

On December 18, 2009, the bank converted from a mutual savings bank to a joint stock company.

In 2015, the bank changed its name to the present Northwest Bank.

In August 2015, the bank's holding company, Northwest Bancshares, Inc., merged with LNB Bancorp, Inc., in a stock and cash deal and acquired Lorain National Bank. The transaction value was approximately $179 million, and resulted in a bank with approximately $9.0 billion in total assets.

In March 2016, Northwest Bank acquired Best Insurance Agency, Inc.

Read the full text

On September 9, 2016, the bank acquired 18 branches in Western New York from First Niagara Bank, which was about to be acquired by KeyBank. The branches were once part of the former Marine Midland Bank.

In May 2017, Northwest Bank exited the Maryland market, selling all three remaining branch locations to locally based Shore United Bank. In 2017, the bank’s assets were valued at $9.5 billion and the bank was ranked number 134th among all banks nationally.

In April 2020, the bank acquired MutualFirst Financial, a Muncie, Indiana-based bank, in a stock and cash deal valued at $346 million. The transaction expanded Northwest's presence in Indiana, and grew the bank's number of branches to 221 across four states.

Following its MutualFirst acquisition, Northwest Bank enacted a branch optimization plan, closing 40 branches spread across several states. In 2020, the bank's assets were valued at $13.8 billion.

In February 2021, the bank remains in Warren, Pennsylvania, however the bank moved its holding company headquarters from Warren, Pennsylvania to Columbus, Ohio, relocating several key executives, including Ron Seiffert, the company's chief executive officer.

In April 2021, Northwest announced the sale of its insurance services business to USI Insurance Services, based in Valhalla, New York.

On July 25, 2025, the bank's holding company, Northwest Bancshares, Inc., merged with Penns Woods Bancorp, Inc. into Northwest Bancshares, Inc., along with Penns Woods' wholly owned subsidiary banks, Jersey Shore State Bank and Luzerne Bank, each with and into Northwest Bank, a Pennsylvania-chartered savings bank and wholly owned subsidiary of Northwest, with Northwest Bank as the surviving bank. This added 21 branch locations across North Central and Northeastern Pennsylvania, bringing the total number of branches to 151 across 4 states.

From Wikipedia’s article on Northwest Bank, shared under CC BY-SA 4.0.7

Leadership

Who has led Northwest Bank, and when. Pick a name to see everywhere that person has worked.

Board members and other officers (54)

Timeline

  1. Sep 8, 20268-K Regulation FD disclosure78
  2. Jul 27, 20268-K Results of operations79
  3. Jul 24, 20268-K Executive or director change80
  4. May 26, 20268-K Executive or director change; Shareholder vote81
  5. Apr 27, 20268-K Results of operations82
  6. Jan 26, 20268-K Results of operations83
  7. Oct 27, 20258-K Results of operations84
  8. Jul 29, 20258-K Results of operations85
  9. Jul 28, 20258-K Completed an acquisition or sale; Executive or director change; Other events86
  10. May 12, 20258-K Other events87
  11. Apr 28, 20258-K Results of operations88
  12. Apr 23, 20258-K Other events89
  13. Mar 17, 2023New chief executive Louis J. Torchio becomes CEO18
  14. May 1, 2020New chief executive David Wayne Heeter becomes CEO19
  15. May 23, 2019New chief executive Ronald J. Seiffert becomes CEO20
  16. Dec 18, 2009New chief executive William J. Wagner becomes CEO21
  17. 1896Founded Founded1

Calendar

Coming up

  1. Oct 26, 2026 · After the closeReports results for the quarter ending Sep/2026 A year earlier it reported $0.29 a share, on Oct 27, 2025.90

When it reported results

  1. Jul 27, 2026Reported quarterly or annual results79
  2. Apr 27, 2026Reported quarterly or annual results82
  3. Jan 26, 2026Reported quarterly or annual results83
  4. Oct 27, 2025Reported quarterly or annual results84
  5. Jul 29, 2025Reported quarterly or annual results85
  6. Apr 28, 2025Reported quarterly or annual results88
  7. Jan 24, 2025Reported quarterly or annual results91
  8. Oct 29, 2024Reported quarterly or annual results92

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

430 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 51 major events, 283 insider forms, 16 large holders, 60 other. The latest 20:

  1. Oct 15, 20264/A EDGAR
  2. Oct 15, 20264/A EDGAR
  3. Oct 15, 20264/A EDGAR
  4. Sep 8, 20268-K EDGAR
  5. Aug 20, 20264 EDGAR
  6. Aug 14, 202613F-HR EDGAR
  7. Aug 12, 2026N-PX EDGAR
  8. Aug 7, 2026SCHEDULE 13G EDGAR
  9. Aug 5, 202610-Q EDGAR
  10. Aug 4, 20264 EDGAR
  11. Jul 31, 20264 EDGAR
  12. Jul 31, 20264 EDGAR
  13. Jul 30, 2026144 EDGAR
  14. Jul 27, 20268-K EDGAR
  15. Jul 24, 20268-K EDGAR
  16. Jun 29, 202611-K EDGAR
  17. Jun 24, 20264 EDGAR
  18. Jun 22, 20264 EDGAR
  19. Jun 9, 20264 EDGAR
  20. Jun 9, 20264 EDGAR

The 430 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

92 open-market trades by officers, directors and large owners since October 2021: 42 buys and 50 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Aug 20, 2026Kranich Charles E.DirectorBuy1,635$15.28$25.0KForm 4
Jul 30, 2026Colestro James MChief Retail Lending OfficerSale13,274$15.77$209.3KForm 4
May 27, 2026Hunter Timothy MDirectorBuy10,000$13.97$139.7KForm 4
May 1, 2026Bowers Urich TChief Cons. Banking /Strat OffBuy7,000$13.98$97.9KForm 4
May 1, 2026Schosser Douglas MChief Financial OfficerBuy1,500$13.92$20.9KForm 4
Apr 30, 2026Barnum Carey A.Chief AuditorSale1,351$13.97$18.9KForm 4
Apr 30, 2026Betchkal Gregory J.Chief Risk OfficerBuy5,000$13.93$69.7KForm 4
Mar 6, 2026Torchio Louis JPresident & CEOBuy3,500$12.16$42.6KForm 4
Jan 29, 2026CAMPANA ROBERT MDirectorBuy2,000$12.62$25.2KForm 4
Dec 8, 2025Tullio David MDirectorBuy1,500$12.27$18.4KForm 4
Dec 5, 2025Hunter Timothy MDirectorBuy4,000$12.18$48.7KForm 4
Dec 1, 2025Meegan John PDirectorBuy1,500$12.10$18.1KForm 4
Nov 21, 2025Williams Amber LeeDirectorBuy1,302$11.37$14.8KForm 4
Nov 21, 2025Chadsey Deborah J Esq.DirectorBuy1,700$11.79$20.0KForm 4
Nov 20, 2025CAMPANA ROBERT MDirectorBuy1,000$11.37$11.4KForm 4
Aug 6, 2025Hunter Timothy MDirectorBuy10,000$11.66$116.6KForm 4
Aug 1, 2025Paup Mark ADirectorBuy3,500$11.59$40.6KForm 4
Jun 6, 2025Laws Richard KChief Legal Counsel/Corp. Sec.Sale9,010$12.38$111.5KForm 4
Jun 2, 2025Barnum Carey A.Chief AuditorSale92$12.25$1.1KForm 4
May 30, 2025Barnum Carey A.Chief AuditorSale230$12.35$2.8KForm 4

All 92 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2025Louis J. TorchioPresident, Chief Executive Officer and Director63$904.0K$3.4M99
2025Gregory J. BetchkalChief Risk Officer$609.8K$1.8M99
2025Douglas M. SchosserChief Financial Officer$620.8K$1.8M99
2025Jacques M. DesMarteauChief Commercial Banking Officer$490.2K$1.3M99
2025Urich T. BowersChief Consumer Banking and Strategy Officer$419.7K$1.0M99
2024Douglas M. SchosserChief Financial Officer$450.0K$1.7M99
2024Louis J. TorchioPresident, Chief Executive Officer and Director63$865.7K$1.7M99
2024Gregory J. BetchkalChief Risk Officer$583.9K$1.2M99
2024Jacques M. DesMarteauChief Commercial Banking Officer$472.6K$1.1M99
2024Urich T. BowersChief Consumer Banking and Strategy Officer$222.8K$583.6K99
2023Louis J. TorchioPresident, Chief Executive Officer and Director63$816.6K$1.9M99
2023Gregory J. BetchkalChief Risk Officer$438.4K$1.3M99

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
BlackRock, Inc.21,115,437$320.1M0.0%+241,611
State Street Corp10,858,569$164.6M0.0%+1,950,542
Dimensional Fund Advisors LP9,118,410$138.2M0.0%+83,178
Vanguard Portfolio Management LLC9,085,670$137.7M0.0%+228,879
Vanguard Capital Management LLC6,709,364$101.7M0.0%+208,500
Geode Capital Management, LLC3,976,787$60.3M0.0%+207,252
First Trust Advisors LP3,715,383$56.3M0.0%−522,993
Nuveen, LLC2,055,007$31.2M0.0%+1,746,041
Charles Schwab Investment Management Inc1,917,423$29.1M0.0%−7,481
Morgan Stanley1,675,064$25.4M0.0%+264,016
Northern Trust Corp1,644,140$24.9M0.0%+128,213
Fmr LLC1,579,211$23.9M0.0%+147,268
Bank of New York Mellon Corp1,570,638$23.8M0.0%+21,880
Invesco Ltd.1,251,818$19.0M0.0%−124,230
American Century Companies Inc1,182,799$17.9M0.0%+21,848
Vanguard Fiduciary Trust Co970,647$14.7M0.0%+28,616
Two Sigma Investments, LP958,953$14.5M0.0%+106,026
Glenmede Trust Co Na837,432$12.7M0.1%−33,709
Goldman Sachs Group Inc789,802$12.0M0.0%−161,998
Aqr Capital Management LLC771,963$11.7M0.0%+250,918
Arrowstreet Capital, Limited Partnership723,533$11.0M0.0%+522,846
Principal Financial Group Inc707,195$10.7M0.0%−2,953
Citadel Advisors LLC690,724$10.5M0.0%+181,220
Bank Of America Corp /de/629,088$9.5M0.0%−106,424
Edgestream Partners, L.P.616,980$9.4M0.3%+2,592

13F reports cover disclosed long positions in U.S. stocks only.

Members of Congress who traded it

1 trades disclosed by members of Congress. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.

DateMemberTradeAmountVs S&P sinceFiling
Jun 21, 2022Christopher L. Jacobs, HouseBuy$15,001 - $50,000−87.3%Report

Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).

SEC filer profile

How Northwest Bank is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARNorthwest Bancshares, Inc.2
  • CIK0001471265
  • Employer ID (EIN)27-095035817
  • Filer statusLarge accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company17
  • Incorporated inMaryland17
  • Fiscal year endsDecember 312
  • Industry code (SIC)6021 National Commercial Banks2
  • SEC reviewing officeOffice of Finance, Division of Corporation Finance2
  • Business address100 Liberty Street, Warren, PA 163652
  • Phone(814) 726-21402
  • Shares outstanding146,459,122 as of Jul 31, 202615
  • Public float$1.6B as of Jun 30, 202517
  • AuditorKPMG LLP, Pittsburgh, PA PCAOB ID 185; it also attests to the company’s internal control over financial reporting17
  • On EDGAR sinceSep 9, 20092
  • Filings1,322 in all: 4 (734), 8-K (178), 3 (61), SC 13G/A (58), 10-Q (50), 13F-HR (35), 4/A (29), 10-K (17)2
    All 38 form types

    11-K (17), DEF 14A (17), DEFA14A (16), 5 (14), SC 13G (10), 425 (9), 424B3 (8), UPLOAD (8), CORRESP (7), S-8 (7), 144 (5), ARS (4), EFFECT (4), S-3ASR (4), FWP (3), N-PX (3), S-4 (3), S-4/A (3), SCHEDULE 13G (3), 3/A (2), 424B5 (2), 8-K/A (2), S-1/A (2), 11-K/A (1), 305B2 (1), 8-A12B (1), DEFR14A (1), S-1 (1), SCHEDULE 13G/A (1), SE (1)

  • Latest filingsAnnual report (10-K) Feb 25, 2026
    Quarterly report (10-Q) Aug 5, 2026
    Proxy statement (DEF 14A) Apr 9, 2026
    Latest 8-K (8-K) Sep 8, 2026

Securities registered for trading

ClassSymbolExchange
Common Stock, $0.01 Par ValueNWBIThe Nasdaq Stock Market, LLC

From the cover page of the 10-K filed Feb 25, 2026 (Section 12(b) of the Exchange Act).17

Risk factors and legal proceedings

The risks Northwest Bank names in Item 1A of its 10-K filed Feb 25, 2026: 48 risks under these headings, as written.17

  • Risks Related to our Lending Activities
  • Our commercial loan portfolio is increasing and the inherently higher risk of loss may lead to additional provisions for credit losses or charge-offs, which would negatively impact earnings and capital.
  • The level of our commercial real estate loan portfolio may subject us to additional regulatory scrutiny.
  • If the allowance for credit losses is not sufficient to cover actual credit losses, our earnings could decrease.
  • The foreclosure process may adversely impact our recoveries on non-performing loans.
  • Risks Related to Laws and Regulations
  • Changes in laws and regulations and the cost of compliance with new laws and regulations may adversely affect our operations and our income.
  • Non-compliance with the Bank Secrecy Act, as amended, and its implementing regulations, or other laws and regulations could result in fines or sanctions.
  • We are subject to numerous laws designed to protect consumers, including the Community Reinvestment Act and fair lending laws, and failure to comply with these laws could lead to material penalties and other sanctions.
  • We could become subject to more stringent capital requirements, which could adversely impact our return on equity, require us to raise additional capital, or constrain us from paying dividends or repurchasing shares.
  • The Federal Reserve Board may require us to commit capital resources to support Northwest Bank.
  • Legal and regulatory proceedings and related matters could adversely affect us or the financial services industry in general.
The other 38 risks
  • Data privacy and cybersecurity are areas of heightened legislative and regulatory scrutiny.
  • Risks Related to Market Interest Rates
  • The reversal of the historically low interest rate environment has and may continue to adversely affect our net interest income and profitability.
  • Changes in interest rates could adversely affect our results of operations and financial condition.
  • Hedging against interest rate exposure may adversely affect our earnings.
  • Risks Related to Economic Conditions
  • A worsening of economic conditions in our market area could reduce demand for our products and services and/or result in increases in our level of non-performing loans, which could adversely affect our operations, financial condition and earnings.
  • The monetary policies of the Federal Reserve Board could adversely affect our business, financial condition and results of operations.
  • Inflation can have an adverse impact on our business and on our customers.
  • We could be adversely affected by the soundness of other financial institutions and other third parties we rely on.
  • A lack of liquidity could adversely affect the Company’s financial condition and results of operations.
  • Risks Related to our Business Strategy
  • Acquisitions may disrupt our business and dilute stockholder value.
  • Our continued pace of growth may require us to raise additional capital during unfavorable market conditions.
  • New lines of business or new products and services may subject us to additional risks.
  • Our business strategy includes growth, and our financial condition and results of operations could be negatively affected if we fail to grow or fail to manage our growth effectively.
  • Risk Related to Competitive Matters
  • Strong competition may limit growth and profitability.
  • We may be subject to intellectual property-related disputes or may fail to effectively obtain, maintain, defend, or enforce our intellectual property rights.
  • Risks Related to Operational Matters
  • Risks associated with system failures, interruptions, or cybersecurity breaches could negatively affect our earnings.
  • Our risk management framework may not be effective in mitigating risk and reducing the potential for significant losses.
  • Our board of directors relies to a large degree on management and outside consultants in overseeing cybersecurity risk management.
  • Our business may be adversely affected by an increasing prevalence of fraud and other financial crimes.
  • Risks Related to Environmental and Other Global Matters
  • We are subject to environmental liability risk associated with lending activities.
  • A slowdown in economic growth or a resumption of recessionary economic conditions due to global events could have an adverse effect on our business in the future.
  • Climate-related risks could adversely affect our business and performance, including indirectly through impacts on our customers.
  • Our business, financial condition, and results of operations could be adversely affected by natural disasters, health epidemics, and other catastrophic events.
  • Risks Related to Accounting Matters
  • If our intangible assets, including goodwill, are either partially or fully impaired in the future, it would decrease earnings.
  • Changes in management’s estimates and assumptions may have a material impact on our Consolidated Financial Statements and our financial condition or operating results.
  • Risks Related to Investment Activities
  • We could record future losses on our investment securities portfolio.
  • Our exposure to municipalities may lead to operating losses.
  • The financial services sector represents a significant concentration within our investment portfolio.
  • Potential downgrades of U.S. government securities by one or more of the credit ratings agencies could have a material adverse effect on our operations, earnings and financial condition.
  • Risks Related to Our Debit and Credit Activities
  • Changes in card network rules or standards could adversely affect our business.
  • Changes in card network fees could impact our operations.
  • Our business could suffer if there is a decline in the use of debit cards as a payment mechanism or if there are adverse developments with respect to the financial services industry in general.
  • Other Risks Related to Our Business
  • The corporate governance provisions in our articles of incorporation and bylaws, and the corporate governance provisions under Maryland law, may prevent or impede the holders of our common stock from obtaining representation on our Board of Directors and may impede takeovers of the Company that our board might conclude are not in the best interest of us or our stockholders.
  • Our ability to maintain our reputation is critical to the success of our business and the failure to do so may materially adversely affect our performance.
  • If our government banking deposits were lost within a short period of time, this could negatively impact our liquidity and earnings.
  • Our funding sources may prove insufficient to replace deposits at maturity and support our future growth.
  • A protracted government shutdown may result in reduced loan originations and related gains on sale and could negatively affect our financial condition and results of operations.
  • Our inability to tailor our retail delivery model to respond to consumer preferences in banking may negatively affect earnings.

Legal proceedings

Northwest Bancshares, Inc. and its subsidiaries are subject to various legal actions arising in the normal course of business. In the opinion of management, the resolution of these legal actions is not expected to have a material adverse effect on our financial condition and/or results of operations. See Note 20 in the notes to the Consolidated Financial Statements.

The opening of Item 3, Legal Proceedings.17

Sources

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