Northwest Bancshares Inc - Company Profile
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Northwest Bancshares Inc (Northwest) is a US-based corporation that operates as a holding company for Northwest Bank. The company's primary business activities involve collecting deposits and making loans, primarily secured by various types of collateral such as real estate and other assets. Northwest offers a range of financial products and services, including loan and deposit products, investment management, trust services, and insurance services. Northwest serves individuals and businesses, providing solutions for investment and wealth management, and employee benefit plans. The company operates through a network of branches and ATMs, as well as online and mobile banking platforms. It primarily serves communities in the markets where it is located, with a focus on personal income and savings levels, account maturities, and fee structures. Northwest is headquartered in Columbus, Ohio, the US.
Headquarters
United States of America
Address
3 Easton Oval Suite 500, Columbus, Ohio, 43219
Website
www.northwest.com
Telephone
1 814 7262140
No of Employees
2,170
Industry
Financial Services
Ticker Symbol & Exchange
NWBI (NASD)
Revenue (2024)
$878.9M
16.2%
(2024 vs 2023)
EPS
XYZ
Net Income (2024)
XYZ
25.7%
(2024 vs 2023)
Market Cap*
$2.0B
Net Profit Margin (2024)
XYZ
8.1%
(2024 vs 2023)
* As of and is in US$
Northwest Bancshares Inc premium industry data and analytics
Products and Services
| Products | Services |
|---|---|
| Accounts: | Wealth Management |
| Checking | Trust Services |
| Savings | Cash Management |
| XYZ | XYZ |
| XYZ | XYZ |
| XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2025 | Plans/Strategy | In August, the bank announced its plans to build financial centers in Columbus, Ohio, the US. |
| 2025 | Acquisitions/Mergers/Takeovers | In July, the company acquired of Penns Woods Bancorp, Inc. |
| 2025 | Corporate Changes/Expansions | In June, the bank opened a new full-service financial center in Fishers, Indiana, the US. |
Competitor Comparison
| Key Parameters | Northwest Bancshares Inc | Atlantic Union Bankshares Corp | First Financial Bancorp | Heartland Financial USA Inc | NBT Bancorp Inc |
|---|---|---|---|---|---|
| Headquarters | United States of America | United States of America | United States of America | United States of America | United States of America |
| City | Columbus | Glen Allen | Cincinnati | Denver | Norwich |
| State/Province | Ohio | Virginia | Ohio | Colorado | New York |
| No. of Employees | 2,170 | 3,064 | 2,199 | 1,725 | 2,303 |
| Entity Type | Public | Public | Public | Private | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Timothy M. Hunter | Chairman | Executive Board | 2025 | 63 |
| Louis J. Torchio | Director; President; Chief Executive Officer | Executive Board | 2022 | 63 |
| Douglas M. Schosser | Chief Financial Officer | Senior Management | 2024 | - |
| Scott J. Watson | Chief Information Officer | Senior Management | 2019 | 59 |
| Kyle P. Kane | Chief People Officer | Senior Management | - | - |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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