Dave (for Frank Schiraldi)'s questions to Northwest Bancshares Inc (NWBI) leadership • Q4 2024
Question
Dave, on behalf of Frank Schiraldi, asked about the deposit base, questioning if the bank is experiencing any pricing pressure or customer pushback as interest rates decline. He also inquired about the competitive environment for deposits across Northwest's various markets.
Answer
Douglas Schosser, Chief Financial Officer, responded that the bank remains competitively priced in its markets, which he characterized as generally less intense. He stated that they have not experienced significant pushback on deposit rates and noted that in many markets, Northwest offers top-quartile rates for new deposit acquisition products.