Business
Northwest Bancshares, Inc., a Maryland corporation, was incorporated in September 2009 to be the successor corporation to Northwest Bancorp, Inc., the former stock holding company for Northwest Bank, upon completion of the mutual-to-stock conversion of Northwest Bancorp, MHC. The terms "Northwest", "the Company", "we", "us" and "our" refer to Northwest Bancshares, Inc.
The conversion was completed December 18, 2009 when the Company sold 68,878,267 shares of common stock at $10.00 per share in the related offering. Concurrent with the completion of the offering, shares of Northwest Bancorp, Inc. common stock owned by public stockholders were exchanged for shares of Northwest Bancshares, Inc.'s common stock. We also issued 1,277,565 shares of common stock and contributed $1.0 million in cash from the offering proceeds to Northwest Charitable Foundation, a charitable foundation that we established for the benefit of the communities in which Northwest Bank operates. As of December 31, 2018, the Company had 103,354,030 shares outstanding and a market capitalization of approximately $1.751 billion.
Our executive offices are located at 100 Liberty Street, Warren, Pennsylvania 16365. Our telephone number at this address is (814) 726-2140.
Valuation ($BB)
Market Cap , Enterprise Value
Balance Sheet ($BB)
Assets , Equity
Income Statement ($BB Quarterly)
Revenue , G Profit , Net Income
Cash Flow ($BB Quarterly)
Ops , Inv , Fin
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Comps ($MM TTM)
Market Cap
Gross Margin
EV/EBITDA
Ret on Assets
Assets
Liabilities
Revenue
G Profit
Net Income
EBITDA
EV
First Bancorp (FBP)
2,193
0%
5.8
1%
12,531
10,330
493
0
131
209
1,217
First Merchants (FRME)
2,127
6.6
1%
12,325
10,576
0
0
158
293
1,925
WesBanco (WSBC)
2,084
6.4
1%
12,594
10,493
0
0
166
287
1,840
Renasant (RNST)
2,067
5.8
1%
13,040
10,920
0
0
174
328
1,885
Banner (BANR)
1,968
6.4
1%
12,098
10,567
0
0
150
257
1,644
Pacific Premier Bancorp (PPBI)
1,919
5.6
1%
11,811
9,822
0
0
119
266
1,491
Great Western Bancorp (GWB)
1,910
0%
5.0
1%
12,788
10,888
56
0
167
357
1,775
Bancfirst (BANF)
1,856
0.7
2%
8,389
7,409
0
0
132
215
154
Hope Bancorp (HOPE)
1,828
3.3
1%
15,380
13,349
0
0
172
448
1,476
ServisFirst Bancshares (SFBS)
1,815
3.2
1%
9,005
8,195
0
0
108
241
769
Northwest Bancshares (NWBI)
1,755
19.4
0%
10,580
9,229
0
0
0
85
1,647
Westamerica Bancorporation (WABC)
1,726
17.5
1%
5,616
4,903
0
0
79
99
1,726
Heartland Financial (HTLF)
1,662
0%
4.6
1%
12,569
11,005
57
0
143
264
1,214
Park National (PRK)
1,616
10.7
1%
8,724
7,767
0
0
79
145
1,550
NBT Bancorp (NBTB)
1,604
8.3
1%
9,661
8,563
0
0
92
161
1,330
Eagle Bancorp (EGBN)
1,526
4.4
2%
9,003
7,819
0
0
150
309
1,348
First Busey (BUSE)
1,437
4.2
1%
9,754
8,538
0
0
100
214
911
Veritex Holdings (VBTX)
1,341
6.7
1%
7,963
6,757
0
0
62
163
1,088
Seacoast Banking of Florida (SBCF)
1,337
8.7
1%
6,891
5,928
0
0
72
138
1,205
First Commonwealth Financial (FCF)
1,323
10.2
1%
8,152
7,113
0
0
79
141
1,429
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Balance Sheet ($MM) 2011-03-31 2011-06-30 2011-09-30 2011-12-31 2012-03-31 2012-06-30 2012-09-30 2012-12-31 2013-03-31 2013-06-30 2013-09-30 2013-12-31 2014-03-31 2014-06-30 2014-09-30 2014-12-31 2015-03-31 2015-06-30 2015-09-30 2015-12-31 2016-03-31 2016-06-30 2016-09-30 2016-12-31 2017-03-31 2017-06-30 2017-09-30 2017-12-31 2018-03-31 2018-06-30 2018-09-30 2018-12-31 2019-03-31 2019-06-30 2019-09-30 Cash 770 713 671 688 759 722 638 452 585 448 415 392 462 386 294 241 297 293 96 167 163 311 321 390 432 157 166 78 192 133 74 69 93 107 108 Accounts Receivable Inventory PP&E 127 126 126 264 134 135 135 275 139 141 142 291 147 145 145 300 142 142 154 311 153 152 168 318 160 155 153 317 148 146 145 309 150 149 149 Assets 8,122 8,087 7,989 7,958 8,069 8,038 8,048 7,943 7,994 7,964 7,908 7,881 7,975 7,902 7,827 7,775 7,890 7,865 8,935 8,952 8,916 8,964 9,715 9,624 9,732 9,499 9,460 9,364 9,521 9,562 9,575 9,608 10,297 10,505 10,580 Accounts Payable Long-Term Debt Liabilities 6,835 6,860 6,823 6,803 6,907 6,869 6,873 6,814 6,847 6,836 6,770 6,725 6,817 6,830 6,750 6,712 6,823 6,796 7,774 7,789 7,746 7,809 8,552 8,453 8,554 8,302 8,254 8,156 8,306 8,333 8,335 8,350 8,981 9,172 9,229 Stockholders' Equity 1,287 1,227 1,167 1,155 1,162 1,169 1,175 1,128 1,148 1,128 1,139 1,157 1,158 1,072 1,077 1,063 1,068 1,068 1,161 1,163 1,171 1,155 1,163 1,171 1,178 1,197 1,206 1,208 1,215 1,229 1,241 1,258 1,316 1,334 1,352 Copy Income Statement ($MM) 2011-03-31 2011-06-30 2011-09-30 2011-12-31 2012-03-31 2012-06-30 2012-09-30 2012-12-31 2013-03-31 2013-06-30 2013-09-30 2013-12-31 2014-03-31 2014-06-30 2014-09-30 2014-12-31 2015-03-31 2015-06-30 2015-09-30 2015-12-31 2016-03-31 2016-06-30 2016-09-30 2016-12-31 2017-03-31 2017-06-30 2017-09-30 2017-12-31 2018-03-31 2018-06-30 2018-09-30 2018-12-31 2019-03-31 2019-06-30 2019-09-30 Revenue Cost of Revenue Gross Profit R&D SG&A 5 5 6 6 5 7 5 4 5 6 5 5 5 7 6 5 6 7 6 6 5 6 6 7 6 7 6 6 6 6 5 5 6 5 Tax 7 9 7 8 6 8 7 6 6 12 6 9 5 4 6 6 7 7 5 9 8 -3 5 12 8 14 12 12 7 8 10 8 7 7 10 Net Income 17 15 17 Copy Cash Flow ($MM) 2011-03-31 2011-06-30 2011-09-30 2011-12-31 2012-03-31 2012-06-30 2012-09-30 2012-12-31 2013-03-31 2013-06-30 2013-09-30 2013-12-31 2014-03-31 2014-06-30 2014-09-30 2014-12-31 2015-03-31 2015-06-30 2015-09-30 2015-12-31 2016-03-31 2016-06-30 2016-09-30 2016-12-31 2017-03-31 2017-06-30 2017-09-30 2017-12-31 2018-03-31 2018-06-30 2018-09-30 2018-12-31 2019-03-31 2019-06-30 2019-09-30 Cash Operating 42 31 39 26 35 31 35 42 36 25 28 27 23 26 15 28 25 36 25 10 48 55 44 29 44 39 33 33 40 30 51 30 Cash Investing 50 -24 41 -47 -18 -103 -105 51 -135 20 -13 -32 -6 -28 -2 -66 11 -70 41 99 902 107 -90 -40 31 -9 -61 -104 -81 -92 -178 -62 Cash Financing -42 -64 -122 91 -54 -12 -116 40 -38 -78 -38 75 -93 -90 -66 94 -40 -163 -70 39 -940 -92 88 -264 -66 -118 143 11 -18 86 141 33