Company: NWBI
Filing Date: 2025-01-27
Form Type: S-4
Source: 0001193125-25-012768
Chunk: 74

Company: Northwest Bancshares, Inc.
Filing Date: 2025-01-27
Form: S-4
Chunk 74
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,181 |     | $          |    26,599 |     | $          |    29,259 |     | $ |    32,185 |
| Earnings per Share   |     | $           |      0.67 |     | $                           |      2.91 |     | $          |      3.21 |     | $          |      3.53 |     | $          |      3.88 |     | $ |      4.27 |
| Total Assets ($000s) |     | $           | 2,342,901 |     | $                           | 2,487,285 |     | $          | 2,736,013 |     | $          | 3,009,614 |     | $          | 3,310,576 |     | $ | 3,641,633 |

The foregoing prospective financial information regarding Penns Woods was provided to Stephens by the executive management team of Penns Woods and was approved by Penns Woods for use by Stephens in connection with developing its fairness opinion. Prospective Financial Information Regarding Northwest In performing its financial analysis with respect to Northwest on a standalone basis, Stephens used the following prospective financial information regarding Northwest: (i) estimated annual asset growth rate of 4.2% in 2025, 4.3% in 2026 and 4.4% in 2027 and thereafter; (ii) estimated net income available to the Northwest’s stockholders of $130 million for the year ending 2025 and $145 million for the year ending 2026; and (iii) assumed net income growth rate of approximately 4.8% for 2027 and thereafter. The following table presents certain unaudited prospective financial information for Northwest on a stand-alone basis from October 1, 2024 through December 31, 2029.

|                      |     | 3 Months    
 Ended       
 To Year End 
 12/31/2024  
 12/31/2025  |           |     | Full Year Projections Ended 
 12/31/2026                  |           |     | 12/31/2027 |           |     | 12/31/2028 |           |     | 12/31/2029 |           |     |   |           |
|:---------------------|:----|:------------|----------:|:----|:----------------------------|----------:|:----