NWBINorthwest Bancshares, Inc.
National Commercial Banks
- Revenue
- —
- Operating margin
- —
- EBITDA
- —
- Market cap
- $2.2B
- Employees
- 2,169
- Net debt / EBITDA
- —
- AI in 10-K
- 0.1
- mentions per 10K words
Takeover score 3 of 13
Fixable underperformance 1 of 7
- TSR below peersYes5 of 5 years3+ of last 5 years
- High CEO pay despite TSRNo—Median CEO pay ≥ $15M while TSR trails
- Earnings not backed by cashNo122% of net incomeCash flow under 80% of net income
- Dilutive SBCNo—Over 10% of revenue
- Payouts exceed cash flowNo72% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyNo3% of assetsOver 40% of assets
- Shareholder dissentNo93% lowest supportAny vote under 80% support
Buyer economics 2 of 4
- Low revenue per employeeNo—Bottom quartile of its SIC industry
- Quiet on AIYes0.1 per 10K words · 8th pctBottom quartile of AI mentions in 10-Ks
- Net cashNo—More cash than debt, positive EBITDA
- Buyout-sizedYes$2.2B market capMarket cap $500M–$5B
Catalysts 0 of 2
- Active 13DNo0 filingsActive-intent 13D in 18 months
- Net insider sellingNo$324K netNet sales over $10M in 12 months
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Net income | $154M | $134M | $135M | $100M | $126M | 26% |
| Operating cash flow | $205M | $175M | $93M | $128M | $153M | 20% |
| Capex | $18M | $4M | $9M | $2M | $12M | 404% |
| Stock-based comp | $5M | $4M | $5M | $6M | $6M | 0.6% |
| Buybacks | $24M | $0 | $0 | — | — | |
| Dividends | $100M | $101M | $102M | $102M | $110M | 7.9% |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $552K · 14
- Open-market sells, 12 mo
- $228K · 2
- Net
- $324K
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2025 | — | — | 129 | 167 |
| FY2024 | — | — | 109 | 142 |
| FY2023 | — | — | 97 | 115 |
| FY2022 | — | — | 101 | 108 |
| FY2021 | — | — | 97 | 128 |