Company: NWBI
Filing Date: 2025-02-20
Form Type: S-4/A
Source: 0001193125-25-030716
Chunk: 66

Company: Northwest Bancshares, Inc.
Filing Date: 2025-02-20
Form: S-4/A
Chunk 66
---
 information as of and for the last twelve month period ended September 30 th, 2024, or the most recently reported period available, and the market trading multiples of the selected public companies based on December 13 th, 2024 closing prices. The financial data 45

included in the table presented below may not correspond precisely to the data reported in historical financial statements as a result of the assumptions and methods used by Stephens to compute the financial data presented. The table below contains information reviewed and utilized by Stephens in its analysis:

| Company                        |     | Ticker |     | Total  
 Assets 
 ($M)   |        |     | Loans /  
 Deposits 
 (%)      |      |   |     | TCE  
 / TA 
 (%)  |      |   |     | NIB /    
 Total    
 Deposits 
 (%)      |    |   |     | NPAs /    
 Assets(1) 
 (%)       |      |   |     | Core 
 ROAA 
 (%)  |      |      |     | Core   
 ROATCE 
 (%)    |      |      |     | Market 
 Cap    
 ($M)   |       |     | Price  
 Tang.  
 BV (x) |       |    |     | MRQ  
 Core 
 EPS  
 (x)  |      |     | 25  
 EPS 
 (x) |      |
|:-------------------------------|:----|:-------|:----|:-------|-------:|:----|:---------|-----:|:--|:----|:-----|-----:|:--|:----|:---------|---:|:--|:----|:----------|-----:|:--|:----|:-----|-----:|:-----|:----|:-------|-----:|:-----|:----|:-------|------:|:----|:-------|------:|---:|:----|:-----|-----:|:----|:----|-----:|
| Renasant Corp.                 |     | RNST   |     | $      | 17,959 |     |          | 87.0 | % |     |      |  9.8 | % |     |          | 24 | % |     |           | 0.68 | % |     |      | 0.91 | %    |     |        | 10.4 | %    |     | $      | 2,319