Northwest Bancshares, Inc. · NASDAQ:NWBI
Northwest Bancshares — Shareholder Meeting (April 2021)
10 slides from Northwest Bancshares's shareholder meeting presentation, Apr 22, 2021
Slide 1: 2021 Annual Meeting of Stockholders
Ronald J. Seiffert Chairman, President and CEO William W. Harvey SEVP, Chief Financial Officer Richard K. Laws EVP, Chief Counsel and Corporate Secretary Northwest Bancshares, Inc. 2021 Annual Meeting of Stockholders April 21, 2021
Slide 2: Forward Looking Statements
Forward Looking Statements • This presentation contains forward-looking statements, which can be identified by the use of words such as “estimate,” “project,” “believe,” “intend,” “anticipate,” “plan,” “seek,” “expect” and words of similar meaning. These forward-looking statements include, but are n
Slide 3: Thank you Northwest Employees!
Thank you Northwest Employees! 3
Slide 4: Thank you Northwest Customers!
Thank you Northwest Customers! 4
Slide 5: 2020 Strategic Initiatives
2020 Strategic Initiatives • Mergers and Acquisitions • Mortgage Banking Expansion • Commercial Loan Hedging • Dealer Services Growth • Consumer Deposit Product Development, Pricing and Marketing • Talent Acquisition, Development and Retention • Subordinated Debt Offering • CeCL Implementation • Bra
Slide 6: Quarterly financial results through December 31, 2020
A B C D E December 31, 2020 September 30, 2020 June 30, 2020 March 31, 2020 December 31, 2019 (dollars in thousands, excluding share data) 1 Cash & investments $2,314,105 $2,081,232 $2,052,434 $1,059,241 $898,783 2 Loans, gross $10,580,849 $10,781,852 $10,858,787 $8,836,874 $8,808,674 3 Allowance fo
Slide 7: Year ended December 31, 2020 vs 2019 results
A B C D Year Ended Year Ended YOY YOY December 31, 2020 December 31, 2019 Change $ Change % (dollars in thousands, excluding share data) 1 Net interest income $391,728 $360,466 $31,262 8.67% 2 Provision for credit losses ($83,975) ($22,659) ($61,316) 270.60% 3 Noninterest income $132,265 $99,407 $32
Slide 8: Stock Price Performance Since IPO (11/8/94-3/31/21)
8 Stock Price Performance Since IPO (11/8/94-3/31/21) in total return % * (Source: SNL Financial)
Slide 9: 2021 Focus
2021 Focus • Mergers and Acquisitions • Digital Transformation • Culture Building • Diversity and Inclusion • Risk Management • Innovation Hub • Talent, Acquisition, Development and Retention • Holding Company Location 9
Slide 10: Conclusion
Conclusion
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