Northwest Bancshares - M&A Summary and Business Overview

Financial ServicesCompany

Northwest Bancshares M&A Summary

Northwest Bancshares has acquired 6 companies, including 1 in the last 5 years. It has also divested 1 asset.

Northwest Bancshares’ largest acquisition to date was in 2015, when it acquired LNB Bancorp for $179M. Northwest Bancshares has acquired in 3 different US states. The Company’s most targeted sectors include financial services (67%) and business services (17%).

Northwest Bancshares Business Overview

Where is Northwest Bancshares headquartered?

Northwest Bancshares is headquartered in Columbus, Ohio.

What is Northwest Bancshares’ revenue?

Northwest Bancshares disclosed revenue of 548M USD for 2023 and 530M USD for 2022.

How many employees does Northwest Bancshares have?

Northwest Bancshares has 2,060 employees.

What sector is Northwest Bancshares in?

Northwest Bancshares is a financial services company.

When was Northwest Bancshares founded?

Northwest Bancshares was founded in 1896.

M&A Summary

  • M&A Total Activity7
    • M&A Buy Activity6
    • M&A Sell Activity1
  • Total Sectors Invested 3
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 1
  • M&A Advisors 2

Northwest Bancshares

Northwest Bancshares, Inc.

3 Easton Oval Suite 500,
Columbus, Ohio 43219
United States,
(814) 726-2140
www.northwest.bank

Northwest Bancshares is a holding company of Northwest Savings Bank. Northwest Savings Bank is a full-service financial institution offering a complete line of business and personal banking products, employee benefits and wealth management services, as well as the fulfillment of business and personal insurance needs. Northwest Bancshares was founded in 1896 and is based in Columbus, Ohio.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.2/yr) # 5 1 - - - - 6
vol $212M $212M
Sell (0.0/yr) # 1 - - - - - 1
  7

Most Recent M&A

Company Date Value Type
MutualFirst Financial, Inc. 2020-05-07 - Add-on Acquisition
Warren, Pennsylvania · www.bankwithmutual.com
Northwest Bancshares, Inc. - Three Branches 2017-01-10 - Divestiture
Baltimore, Maryland
LNB Bancorp, Inc. 2015-08-14 179M USD Merger
Lorain, Ohio · www.4lnb.com
Evans Capital Management, Inc. 2013-11-27 - Add-on Acquisition
Erie, Pennsylvania · www.ecmnet.com
The Bert Insurance Group, Inc. 2012-11-26 - Add-on Acquisition
Erie,, Pennsylvania · www.thebertco.com
Veracity Benefit Designs, Inc. 2010-03-29 - Add-on Acquisition
Amherst, New York · www.veracitybenefits.com
Penn Laurel Financial Corp. 2007-05-01 33M USD Add-on Acquisition
Curwensville, Pennsylvania
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Financial Services 4 (67%) 212M (100%) 1 (100%) -
Business Services 1 (17%) - - -
Insurance 1 (17%) - - -
Total 6 $212M 1 -

By Geo

State/Country Buy Value Sell Value
United States 6 212M 1 -
  Pennsylvania 4 33M - -
  Ohio 1 179M - -
  New York 1 - - -
  Maryland - - 1 -
Total 6 $212M 1 -

Top M&A Advisors

Financial Deals
Sandler O'Neill + Partners LP
 1
Legal Deals
Luse Gorman
 3

Deal Values

buy # Total
$100M to $1B 1 $179M
< $100M 1 $33M
TOTAL $212M
Largest LNB Bancorp, Inc.
$179M (2015-08-14)

M&A Connections

Deals
Divested to
Strategic(s)
100%
1 (100%)

Company Summary

SECTOR

Financial Services

Revenue

548   4% 2023
530   5% 2022
507   3% 2021
521   15% 2020
457   7% 2019
428   2018
(millions of USD) Show More Show Less

Employees

2,060

Established

1896

Public

NASDAQ: NWBI

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