Northwest Bancshares, Inc. Expands Existing Repurchase Program to Include an Additional 5,000,000 Shares of the Company's Common

 Northwest Bancshares, Inc. Expands Existing Repurchase Program to Include an
          Additional 5,000,000 Shares of the Company's Common Stock

PR Newswire

WARREN, Pa., Dec. 13, 2012

WARREN, Pa., Dec. 13, 2012 /PRNewswire/ -- Northwest Bancshares, Inc.
(NasdaqGS: NWBI) announced that its Board of Directors has authorized
expanding its existing stock repurchase program to repurchase 5,000,000
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 4,750,000 shares of common stock, of
which approximately 2,600,000 shares remain to be repurchased. The Company
has repurchased approximately 16,500,000 shares, or approximately 15%, of its
common stock, since completing its second step conversion on December 18,

The stock repurchase program may be carried out through open market purchases,
block trades, negotiated private transactions and pursuant to any trading plan
that may be adopted in accordance with Rule 10b5-1 of the Securities and
Exchange Commission.The stock may be repurchased on an ongoing basis and
will be subject to the availability of stock, general market conditions, the
trading price of the stock, alternative uses for capital, and the Company's
financial performance.Any repurchased shares will be held as authorized but
unissued shares and will be available for general corporate purposes.

Headquartered in Warren, Pennsylvania, Northwest Bancshares, Inc. is the
holding company of Northwest Savings Bank. Founded in 1896, Northwest Savings
Bank is a full-service financial institution offering a complete line of
business and personal banking products as well as benefits and wealth
management services. Northwest operates 166 community banking offices in
Pennsylvania, New York, Ohio and Maryland and 52 consumer finance offices in
Pennsylvania through its subsidiary, Northwest Consumer Discount Company.
Northwest Bancshares, Inc.'s common stock is listed on the NASDAQ Global
Select Market. Additional information regarding Northwest Bancshares, Inc. can
be accessed on-line at

Forward-Looking Statements - This release may contain forward-looking
statements with respect to the financial condition and results of operations
of Northwest Bancshares, Inc. including, without limitations, statements
relating to the earnings outlook of the Company. These forward-looking
statements involve certain risks and uncertainties. Factors that may cause
actual results to differ materially from those contemplated by such
forward-looking statements, include among others, the following possibilities:
(1) changes in the interest rate environment; (2) competitive pressure among
financial services companies; (3) general economic conditions including an
increase in non-performing loans that could result from an economic downturn;
(4) changes in legislation or regulatory requirements; (5) difficulties in
continuing to improve operating efficiencies; (6) difficulties in the
integration of acquired businesses; and (7) increased risk associated with an
increase in commercial real-estate and business loans and non-performing
loans. Management has no obligation to revise or update these forward-looking
statements to reflect events or circumstances that arise after the date of
this release.

SOURCE Northwest Bancshares, Inc.

Contact: William J. Wagner, President and Chief Executive Officer,
+1-814-726-2140, or William W. Harvey, Jr., Executive Vice President and Chief
Financial Officer, +1-814-726-2140
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