Company: NWBI
Filing Date: 2025-01-27
Form Type: S-4
Source: 0001193125-25-012768
Chunk: 64

Company: Northwest Bancshares, Inc.
Filing Date: 2025-01-27
Form: S-4
Chunk 64
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 | %    |     | $      | 266 |     |       | 1.37 |     |      | 11.8 |    |     |     | 10.3 |
| 25th Percentile             |     |        |     | $      | 2,304 |     |          | 102.0 | % |     |      |  7.2 | % |     |          | 15 | % |     |           | 0.63 | % |     |      | 0.73 | %    |     |        |  9.3 | %    |     | $      | 219 |     |       | 1.06 |     |      | 10.3 |    |     |     |  9.9 |
| Penns Woods Bancorp, Inc.   |     | PWOD   |     |        | 2,259 |     |          | 110.3 | % |     |      |  8.3 | % |     |          | 27 | % |     |           | 0.20 | % |     |      | 0.91 | %(2) |     |        | 11.0 | %(2) |     |        | 254 |     |       | 1.36 |     |      | 12.5 | -2 |     |     | 11.5 |

Source: S&P Global Market Intelligence, FactSet. Note: Market data as of 12/13/2024. Financial data as of the most recent quarter reported. Bank-level data used where consolidated BHC data not available. Core defined by S&P Global Market Intelligence.

| (1) | NPAs/Assets excludes restructured loans from nonperforming assets. |

| (2) | Core earnings is based on GAAP financials and adjusted for nonrecurring items. |

44

Relevant Public Companies Analysis – Northwest: Stephens compared the financial condition, operating statistics and market valuation of Northwest to certain public companies selected by Stephens and their respective public trading values. Stephens selected the companies outlined below because their relative asset size and financial performance, among other factors, were reasonably similar to Northwest; however, no selected company below was identical or directly comparable to Northwest. A complete analysis involves complex considerations and qualitative judgments concerning differences in financial and operating characteristics and other factors that could affect the public trading values of the relevant public companies. Mathematical analysis (such