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News Breaks | | | | December 13, 2012 | | 11:26 EDT |  | NWBI | Northwest 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. | |
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