Company: NWBI
Filing Date: 2025-01-27
Form Type: S-4
Source: 0001193125-25-012768
Chunk: 75

Company: Northwest Bancshares, Inc.
Filing Date: 2025-01-27
Form: S-4
Chunk 75
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|:-----------|----------:|:----|:-----------|----------:|:----|:-----------|----------:|:----|:--|----------:|
| Net Income ($000s)   |     | $           |    31,842 |     | $                           |   129,917 |     | $          |   145,201 |     | $          |   152,126 |     | $          |   159,382 |     | $ |   166,983 |
| Earnings per Share   |     | $           |      0.25 |     | $                           |      1.02 |     | $          |      1.14 |     | $          |      1.19 |     | $          |      1.25 |     | $ |      1.31 |
| 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 Northwest was based on analyst consensus earnings estimates for the years ending 2024 to 2026 and on internal company estimates provided to Stephens by the executive management team of Northwest for the years thereafter and was approved by Northwest for use by Stephens in connection with developing its fairness opinion. Estimated Synergies Attributable to the Merger The executive management team of Northwest and the executive management team of Penns Woods developed and provided to their respective boards of directors prospective financial information relating to the anticipated strategic, financial and operational benefits to, and synergies estimated to be realized following the completion of the proposed Merger beginning in 2025. Such prospective financial information also was provided by Penns Woods to Stephens and approved by Penns Woods for Stephens’ use and reliance in connection with Stephens’ financial analyses and opinions as described in this joint proxy statement/prospectus under “ THE MERGER—Fairness Opinion of Penns Woods’ Financial Advisor” beginning on page 38. Such prospective financial information included, among other things, (i) annual pre-taxcost savings of approximately 40% of Penns Woods’ total operating expense, phased in 75% during 2025 and 100% thereafter; (ii) one-time, pre