Northwest Bancshares, Inc. (Pennsylvania)

Northwest Bancshares, Inc. (Pennsylvania)

Northwest Bancshares, Inc. (Pennsylvania)

Overview
Date Founded

1896

Headquarters

100 Liberty St, Warren, PA, 16365, US

Type of Company

Public

Employees (Worldwide)

2,523

Industries

Retail & Commercial Banking
Holding Companies

Company Description

Northwest Bancshares, Inc. is a holding company. It offers personal & business banking products including employee benefits, investment management services, insurance and trust. It engages in collecting deposits and making loans secured by various types of collateral, including real estate and other assets. The company was founded on June 29, 2001 and is headquartered in Warren, PA.

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In The News
Global Banking News
January 27, 2021
-Northwest Bancshares declares cash dividend
Global Banking News
January 27, 2021
-Northwest Bancshares announces fiscal results
SNL Financial
January 26, 2021
Northwest Bancshares Q4'20 profits up YOY
Associated Press
January 25, 2021
Northwest Bancshares: 4Q Earnings Snapshot
Executives & Employees

President & Chief Executive Officer

Chief Financial Officer

Executive Vice President & Chief Marketing Officer

Executive Vice President, Chief Counsel & Corporate Secretary

Executive Vice President & Chief Risk Officer

Executive Vice President & Chief Information Officer

Executive Vice President & Chief Credit Officer

Executive Vice President & Chief Human Resources Officer

Senior Executive Vice President & Head of Commercial Banking

Senior Executive Vice President, Consumer & Small Business Banking

Board of Directors

Chief Operating Officer at Hefren-Tillotson, Inc.

Partner at Kavinoky Cook LLP

President & Chief Executive Officer at Northwest Bancshares, Inc. (Pennsylvania)

Former Chief Executive Officer at Board of Directors of the Rouse Estate

Owner at Campana Development

Chief Financial Officer & Executive Vice President at McInnes Steel Co., Inc.

Former Partner at Catalano Case Catalano & Clark-Radzieta LLP

Controller at Interstate Chemical Co., Inc.

President at Zipcorp, Inc.

President & Chief Executive Officer at Custom Engineering Co.

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Northwest Bancshares, Inc. (Pennsylvania)
Owners & Shareholders
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PL Capital Advisors specializes in investments in the US financial sector. The firm manages financial sector partnerships that focus on identifying and acquiring stakes in undervalued banks and thrifts and participating in the long term consolidation of the banking industry. They invest in publicly-traded banks and thrifts with $300 million to $10 billion in assets and which operate in attractive, undervalued market areas. PL Capital is an activist firm and is included in the SharkWatch50 as one the 50 most prominent activist investors.

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Minerva Advisors' primary investment strategy is making investments in equity securities of publicly traded U.S. micro-cap value companies and small-cap value companies. The firm may invest in larger domestic and foreign companies if market conditions present attractive opportunities. The separate accounts and the fund may also utilize a variety of financial instruments, such as derivatives, options, interest rate swaps, caps and floors, futures and forward contracts, to seek a hedge against declines in the values of their portfolio positions as a result of changes in currency exchange rates, changes in equity markets and market interest rates and other events. Minerva Advisors' primary investment strategies include: Long, Exploitation of Market Dislocations, Event Driven (Special Situations), Long-Short, Thrift Conversions, Merger Arbitrage, and Capital Structure Arbitrage.

Recent Transactions
Details Hidden

USI Insurance Services LLC, USI, Inc. (New York) purchase Northwest Insurance Services (Pennsylvania) from Northwest Bancshares, Inc. (Pennsylvania)

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Northwest Bancshares, Inc. (Pennsylvania) purchases MutualFirst Financial, Inc.

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Northwest Bancshares, Inc. (Pennsylvania) purchases Donegal Financial Services Corp. from Donegal Mutual Insurance Co.

Insider Transactions
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Transaction Advisors
Legal Advisor

Advised onNorthwest Bancshares, Inc. (Pennsylvania) purchases LNB BANCORP INC

Accountant

Advised onNorthwest Bancshares, Inc. (Pennsylvania) purchases First Bell Bancorp, Inc.

Investment Advisor

Advised onNorthwest Bancshares, Inc. (Pennsylvania) purchases LNB BANCORP INC

Legal Advisor

Advised onNorthwest Bancshares, Inc. (Pennsylvania) purchases LNB BANCORP INC

Legal Advisor

Advised onNorthwest Bancshares, Inc. (Pennsylvania) purchases MutualFirst Financial, Inc.

Legal Advisor

Advised onNorthwest Bancshares, Inc. (Pennsylvania) purchases MutualFirst Financial, Inc.

Key Stats and Financials As of 2020
Market Capitalization
$1.78B
Total Enterprise Value
$1.26B
Earnings Per Share
$0.62
Revenue
$560M
Net Profit
$74.8M
Total Equity
$1.54B
Enterprise Value / Sales
2.25x
TEVNet Income
16.83x
Debt TEV
0.37x
Total Debt
$464M
Three Year Compounded Annual Growth Rate Of Revenue
7.37%
Suppliers
LPL Financial Holdings, Inc. Investment Banking & Brokerage | San Diego, CA

LPL Financial Holdings, Inc. operates as an investment holding company with interests in technology, brokerage and investment advisory services. It provides an integrated platform of brokerage and investment advisory services to independent financial advisors and financial advisors at financial institutions. The company operates its business through its subsidiaries under three business segments: Independent Advisor Services, Institution Services and Custom Clearing Services. LPL Financial Holdings is headquartered in Boston, MA.

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