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Stock Market & Financial Investment News

News Breaks
December 13, 2012
11:26 EDTNWBINorthwest Bancshares expands share repurchase program
Northwest Bancshares announced that its Board of Directors has authorized expanding its existing stock repurchase program to repurchase 5M additional shares, or approximately 5.2%, of the company's outstanding common stock. The existing stock repurchase program was initiated on September 26, 2011 and authorized the repurchase of 4.75M shares of common stock, of which approximately 2.6M shares remain to be repurchased. The company has repurchased approximately 16.5M shares, or approximately 15%, of its common stock, since completing its second step conversion on December 18, 2009.
News For NWBI From The Last 14 Days
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July 21, 2014
10:50 EDTNWBINorthwest Bancshares reports Q2 EPS 14c, consensus 16c
The provision for loan losses increased by $2.9M, or 53.3%, to $8.3M for the quarter ended June 30, from $5.4M for the quarter ended June 30, 2013 and increased by $800,000 compared to the quarter ended March 31. This increase is due primarily to the deterioration of several commercial loans which required a provision of $5.5M.

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