Northwest Bancshares Signs Deal to Acquire Penns Woods Bancorp in All-Stock Transaction

MT Newswires Live12-17

Northwest Bancshares (NWBI) has struck an agreement to acquire Penns Woods Bancorp (PWOD) in an all-stock deal valued at about $270.4 million, the companies said Tuesday.

Under the terms of the agreement, Penns Woods stockholders will be entitled to get 2.385 shares of Northwest common shares for each Penns Woods stock they hold, the companies said.

The bank holding firms said they intend to close the deal, which has already been unanimously approved by their boards, in Q3 2025.

Upon closing, Penns Woods' Jersey Shore State Bank and Luzerne Bank will become Northwest Bank branches.

The transaction is expected to be about 23% accretive to Northwest's 2026 fully diluted earnings per share, according to the companies.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2492957788?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-12-17 21:51","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2492957788","market":"sg","top_or_hot":-1,"title":"Northwest Bancshares Signs Deal to Acquire Penns Woods Bancorp in All-Stock Transaction","media":"MT Newswires Live","content":"<html><body><p> <a href=\"https://laohu8.com/S/NWBI\">Northwest Bancshares</a> (NWBI) has struck an agreement to acquire <a href=\"https://laohu8.com/S/PWOD\">Penns Woods Bancorp</a> (PWOD) in an all-stock deal valued at about $270.4 million, the companies said Tuesday.</p><p>Under the terms of the agreement, Penns Woods stockholders will be entitled to get 2.385 shares of Northwest common shares for each Penns Woods stock they hold, the companies said.</p><p>The bank holding firms said they intend to close the deal, which has already been unanimously approved by their boards, in Q3 2025.</p><p>Upon closing, Penns Woods' Jersey Shore State Bank and Luzerne Bank will become Northwest Bank branches.</p><p>The transaction is expected to be about 23% accretive to Northwest's 2026 fully diluted earnings per share, according to the companies.</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Northwest Bancshares Signs Deal to Acquire Penns Woods Bancorp in All-Stock Transaction</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNorthwest Bancshares Signs Deal to Acquire Penns Woods Bancorp in All-Stock Transaction\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-12-17 21:51 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.mtnewswires.com/><strong>MT Newswires Live</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Northwest Bancshares (NWBI) has struck an agreement to acquire Penns Woods Bancorp (PWOD) in an all-stock deal valued at about $270.4 million, the companies said Tuesday.Under the terms of the ...</p>\n\n<a href=\"https://www.mtnewswires.com/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"NWBI","symbol_name":"Northwest Bancshares","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2492957788","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2492957788","pubTimestamp":1734443472,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"Northwest Bancshares  has struck an agreement to acquire Penns Woods Bancorp  in an all-stock deal valued at about $270.4 million, the companies said Tuesday.Under the terms of the agreement, Penns Woods stockholders will be entitled to get 2.385 shares of Northwest common shares for each Penns Woods stock they hold, the companies said.The bank holding firms said they intend to close the deal, which has already been unanimously approved by their boards, in Q3 2025.Upon closing, Penns Woods' Jersey Shore State Bank and Luzerne Bank will become Northwest Bank branches.The transaction is expected to be about 23% accretive to Northwest's 2026 fully diluted earnings per share, according to the companies.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"NWBI":"Northwest Bancshares","BK4195":"互助储蓄与抵押信贷金融服务","PWOD":"Penns Woods Bancorp","BK4211":"区域性银行"},"translate_title":"Northwest Bancshares签署全股票交易收购Penns Woods Bancorp的协议","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"NWBI":1,"PWOD":1},"content_text":"Northwest Bancshares (NWBI) has struck an agreement to acquire Penns Woods Bancorp (PWOD) in an all-stock deal valued at about $270.4 million, the companies said Tuesday.Under the terms of the agreement, Penns Woods stockholders will be entitled to get 2.385 shares of Northwest common shares for each Penns Woods stock they hold, the companies said.The bank holding firms said they intend to close the deal, which has already been unanimously approved by their boards, in Q3 2025.Upon closing, Penns Woods' Jersey Shore State Bank and Luzerne Bank will become Northwest Bank branches.The transaction is expected to be about 23% accretive to Northwest's 2026 fully diluted earnings per share, according to the companies.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"corporation","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2492957788"}