Northwest Bancshares (NWBI) Financials

$15.42 +0.11 (+0.72%)

As of 08/21/2026 04:00 PM Eastern

Annual Income Statements for Northwest Bancshares

This table shows Northwest Bancshares' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	61	50	94	105	110	75	154	134	135	100	126
Consolidated Net Income / (Loss)	61	50	94	105	110	75	154	134	135	100	126
Net Income / (Loss) Continuing Operations	61	50	94	105	110	75	154	134	135	100	126
Total Pre-Tax Income	89	71	136	134	141	93	201	174	175	130	163
Total Revenue	332	393	441	430	460	524	534	532	550	523	655
Net Interest Income / (Expense)	263	307	331	339	360	392	391	421	436	436	525
Total Interest Income	320	346	359	376	417	434	419	449	588	669	750
Loans and Leases Interest Income	299	329	340	357	395	411	390	408	544	616	681
Investment Securities Interest Income	20	16	17	18	22	22	27	37	41	47	60
Deposits and Money Market Investments Interest Income	0.43	0.54	1.50	0.84	0.60	0.72	1.19	3.60	2.90	6.49	8.69
Total Interest Expense	56	38	28	37	57	42	27	28	152	234	224
Deposits Interest Expense	24	23	23	31	49	36	19	14	105	205	199
Long-Term Debt Interest Expense	32	15	5.01	6.16	7.70	6.44	8.12	14	47	28	25
Total Non-Interest Income	69	85	110	92	99	132	143	111	114	87	129
Trust Fees by Commissions	12	14	18	17	18	21	28	28	27	30	32
Other Service Charges	52	60	67	69	72	73	67	70	71	83	77
Net Realized & Unrealized Capital Gains on Investments	-0.95	0.59	18	-0.47	1.73	1.43	26	0.60	4.53	-35	3.64
Other Non-Interest Income	5.27	10	7.51	6.42	8.24	37	22	12	11	8.65	16
Provision for Credit Losses	9.71	14	20	20	23	84	-16	28	23	25	56
Total Non-Interest Expense	234	308	286	276	296	347	349	330	352	369	436
Salaries and Employee Benefits	120	143	152	152	163	178	194	188	196	214	238
Net Occupancy & Equipment Expense	55	61	68	67	71	81	87	82	88	89	90
Marketing Expense	8.50	8.85	9.61	8.43	7.00	7.70	8.24	9.10	9.44	8.89	8.66
Property & Liability Insurance Claims	5.11	4.40	3.52	2.75	0.69	4.77	4.98	4.78	9.27	12	12
Other Operating Expenses	34	75	41	39	43	48	46	35	39	37	40
Amortization Expense	1.69	4.26	6.76	5.85	6.54	6.86	5.55	4.28	3.27	2.45	5.17
Restructuring Charge	9.75	12	-	-	4.17	21	3.45	5.62	6.75	5.76	43
Income Tax Expense	28	22	41	28	31	18	47	40	40	29	37
Basic Earnings per Share	$0.64	$0.50	$0.94	$1.03	$1.05	$0.62	$1.22	$1.05	$1.06	$0.79	$0.93
Weighted Average Basic Shares Outstanding	94.31M	99.44M	101.02M	102.07M	106.93M	126.95M	126.67M	127.05M	127.11M	127.51M	146.14M
Diluted Earnings per Share	$0.64	$0.49	$0.92	$1.02	$1.04	$0.62	$1.21	$1.05	$1.06	$0.79	$0.92
Weighted Average Diluted Shares Outstanding	94.31M	99.44M	101.02M	102.07M	106.93M	126.95M	126.67M	127.05M	127.11M	127.51M	146.14M
Weighted Average Basic & Diluted Shares Outstanding	94.31M	99.44M	101.02M	102.07M	106.93M	126.95M	126.67M	127.05M	127.11M	127.51M	146.14M
Cash Dividends to Common per Share	$0.56	$0.60	$0.64	$0.68	$0.72	$0.76	$0.79	$0.80	$0.80	$0.80	$0.80

This table shows Northwest Bancshares' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Period end date	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026	6/30/2026
Net Income / (Loss) Attributable to Common Shareholders	29	29	4.75	34	33	43	34	3.17	46	51	54
Consolidated Net Income / (Loss)	29	29	4.75	34	33	43	34	3.17	46	51	54
Net Income / (Loss) Continuing Operations	29	29	4.75	34	33	43	34	3.17	46	51	54
Total Pre-Tax Income	37	38	5.94	43	42	57	44	3.47	59	67	70
Total Revenue	135	131	98	139	154	156	150	168	180	175	181
Net Interest Income / (Expense)	106	103	107	111	114	128	119	136	142	142	147
Total Interest Income	157	160	167	171	171	181	172	195	203	202	205
Loans and Leases Interest Income	147	150	154	156	156	165	155	178	184	181	182
Investment Securities Interest Income	9.90	9.84	11	13	13	14	14	15	17	20	21
Deposits and Money Market Investments Interest Income	0.97	0.83	1.79	2.31	1.55	2.42	2.67	1.70	1.91	0.87	1.44
Total Interest Expense	51	57	60	60	57	53	52	59	61	59	58
Deposits Interest Expense	41	48	53	54	51	47	47	52	53	51	50
Long-Term Debt Interest Expense	10	9.32	7.26	5.88	5.67	5.45	5.30	6.82	7.71	7.99	7.82
Total Non-Interest Income	29	28	-8.85	28	40	28	31	32	38	33	34
Trust Fees by Commissions	6.88	7.13	7.57	7.92	7.49	7.91	7.95	8.04	8.42	8.62	9.45
Other Service Charges	18	18	19	17	29	17	19	21	20	20	20
Net Realized & Unrealized Capital Gains on Investments	2.20	0.93	-37	0.77	1.06	1.32	1.08	0.51	0.73	1.27	1.57
Other Non-Interest Income	1.70	1.95	2.27	2.18	2.24	2.03	2.50	2.75	8.65	2.37	2.75
Provision for Credit Losses	7.95	3.44	-0.37	4.88	17	7.91	8.74	31	7.72	4.37	6.64
Total Non-Interest Expense	91	90	92	91	95	92	98	133	114	104	104
Salaries and Employee Benefits	50	52	54	56	53	55	55	63	65	58	63
Net Occupancy & Equipment Expense	22	22	22	22	23	22	20	23	25	27	25
Marketing Expense	1.32	2.15	2.41	2.00	2.33	1.88	3.02	1.93	1.83	1.67	2.36
Property & Liability Insurance Claims	2.64	3.02	2.87	2.76	2.95	2.33	2.30	3.36	3.54	2.90	-0.29
Other Operating Expenses	11	9.30	8.91	7.50	11	8.97	10	9.18	12	12	11
Amortization Expense	0.72	0.70	0.64	0.59	0.53	0.50	0.44	1.97	2.26	2.19	2.17
Restructuring Charge	2.35	0.96	1.92	0.04	2.85	1.12	6.24	31	4.16	0.63	0.43
Income Tax Expense	7.84	8.58	1.20	9.88	9.62	13	10	0.30	13	16	17
Basic Earnings per Share	$0.22	$0.23	$0.04	$0.26	$0.26	$0.34	$0.26	$0.02	$0.31	$0.35	$0.37
Weighted Average Basic Shares Outstanding	127.11M	127.26M	127.37M	127.40M	127.51M	127.75M	146.21M	146.10M	146.14M	146.31M	146.46M
Diluted Earnings per Share	$0.23	$0.23	$0.04	$0.26	$0.26	$0.34	$0.26	$0.02	$0.30	$0.34	$0.36
Weighted Average Diluted Shares Outstanding	127.11M	127.26M	127.37M	127.40M	127.51M	127.75M	146.21M	146.10M	146.14M	146.31M	146.46M
Weighted Average Basic & Diluted Shares Outstanding	127.11M	127.26M	127.37M	127.40M	127.51M	127.75M	146.21M	146.10M	146.14M	146.31M	146.46M

This table details how cash moves in and out of Northwest Bancshares' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	-73	222	-312	-8.92	-7.94	675	543	-1,140	-17	166	-55
Net Cash From Operating Activities	113	136	152	139	127	140	205	175	93	128	153
Net Cash From Continuing Operating Activities	113	136	152	139	127	140	205	175	93	128	153
Net Income / (Loss) Continuing Operations	61	50	94	105	110	75	154	134	135	100	126
Consolidated Net Income / (Loss)	61	50	94	105	110	75	154	134	135	100	126
Provision For Loan Losses	9.71	14	20	20	23	84	-16	28	23	25	56
Depreciation Expense	8.96	15	14	8.12	3.82	4.74	6.63	6.45	24	21	0.14
Amortization Expense	1.15	2.14	2.02	1.87	0.92	3.80	7.76	4.81	3.09	0.68	-0.51
Non-Cash Adjustments to Reconcile Net Income	14	25	6.67	13	1.71	-58	22	16	3.51	-25	-9.20
Changes in Operating Assets and Liabilities, net	19	30	15	-10	-12	31	30	-14	-96	6.00	-19
Net Cash From Investing Activities	-89	1,151	-104	-282	-301	-561	-233	-917	-240	175	-127
Net Cash From Continuing Investing Activities	-89	1,151	-104	-282	-301	-561	-233	-917	-240	175	-127
Purchase of Property, Leasehold Improvements and Equipment	-13	-15	-3.72	-5.23	-11	-12	-18	-4.32	-8.56	-2.31	-12
Purchase of Investment Securities	-444	-272	-3,024	-3,235	-3,950	-5,383	-5,318	-5,298	-3,977	-3,444	-4,812
Sale and/or Maturity of Investments	368	1,438	2,924	2,958	3,660	4,835	5,075	4,385	3,746	3,621	4,697
Net Cash From Financing Activities	-98	-1,064	-360	134	165	1,096	570	-398	130	-137	-81
Net Cash From Continuing Financing Activities	-98	-1,064	-360	134	165	1,096	570	-398	130	-137	-81
Net Change in Deposits	-60	-157	-271	67	218	1,390	702	-837	515	165	181
Issuance of Debt	196	-	-	126	0.00	123	1.43	542	-282	-199	-113
Repayment of Debt	-181	-857	-35	0.00	12	-316	-22	-10	0.00	0.00	-35
Payment of Dividends	-53	-60	-65	-70	-76	-93	-100	-101	-102	-102	-110
Other Financing Activities, Net	7.61	12	11	11	11	0.16	13	8.20	-1.73	-0.76	-3.80
Cash Income Taxes Paid	17	9.71	32	26	29	30	34	39	48	28	41

This table details how cash moves in and out of Northwest Bancshares' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Period end date	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026	6/30/2026
Net Change in Cash & Equivalents	-40	-2.94	109	-1.55	61	65	-86	12	-45	53	-38
Net Cash From Operating Activities	45	71	41	93	-77	108	-2.33	42	6.19	74	32
Net Cash From Continuing Operating Activities	45	71	41	93	-77	108	-2.33	42	6.19	74	32
Net Income / (Loss) Continuing Operations	29	29	4.75	34	33	43	34	3.17	46	51	54
Consolidated Net Income / (Loss)	29	29	4.75	34	33	43	34	3.17	46	51	54
Provision For Loan Losses	7.95	3.44	-0.37	4.88	17	7.91	8.74	31	7.72	4.37	6.64
Depreciation Expense	8.02	4.65	6.33	7.14	3.23	0.60	1.06	0.05	-1.57	-1.35	-2.55
Amortization Expense	0.65	0.63	0.23	-0.10	-0.08	-0.05	-0.02	-0.15	-0.30	-0.05	0.02
Non-Cash Adjustments to Reconcile Net Income	-2.97	1.69	43	1.41	-71	6.75	-2.76	-14	0.53	6.41	2.49
Changes in Operating Assets and Liabilities, net	2.50	31	-13	46	-59	49	-43	21	-46	14	-28
Net Cash From Investing Activities	-61	-144	231	11	76	-46	-90	371	-363	-169	-258
Net Cash From Continuing Investing Activities	-61	-144	231	11	76	-46	-90	371	-363	-169	-258
Purchase of Property, Leasehold Improvements and Equipment	-	-5.47	-	-	-	-1.82	-3.63	-3.65	-2.53	-4.31	-5.56
Purchase of Investment Securities	-1,024	-1,135	-1,140	-834	-329	-959	-1,123	-1,100	-1,631	-1,578	-1,785
Sale and/or Maturity of Investments	971	997	1,372	846	407	915	1,036	1,475	1,271	1,413	1,532
Net Cash From Financing Activities	-23	70	-163	-106	63	3.15	6.22	-401	311	149	188
Net Cash From Continuing Financing Activities	-23	70	-163	-106	63	3.15	6.22	-401	311	149	188
Net Change in Deposits	190	92	16	-16	73	30	27	-122	247	270	-51
Issuance of Debt	-206	1.89	-	-	-	-3.06	-	-	-	-71	265
Repayment of Debt	-	-	-	-38	195	0.00	-	-224	191	-24	-3.33
Payment of Dividends	-25	-25	-25	-25	-25	-26	-26	-29	-29	-29	-29
Other Financing Activities, Net	18	1.74	5.36	-26	19	2.11	4.30	-26	16	3.06	8.14
Cash Income Taxes Paid	9.76	0.61	13	1.27	13	0.77	27	7.78	4.94	0.54	27

This table presents Northwest Bancshares' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	8,952	9,624	9,364	9,608	10,494	13,806	14,502	14,113	14,419	14,408	16,767
Cash and Due from Banks	92	390	78	69	61	736	1,279	139	122	288	234
Trading Account Securities	906	846	822	824	838	1,578	2,317	2,099	1,858	1,860	2,270
Loans and Leases, Net of Allowance	0.00	0.00	0.00	0.00	-58	10,388	9,889	10,793	11,281	11,063	12,857
Loans and Leases	-	-	-	-	-	10,522	9,991	10,911	11,406	11,180	13,007
Allowance for Loan and Lease Losses	-	-	-	-	58	134	102	118	125	117	150
Loans Held for Sale	-	-	-	-	7.71	59	25	9.91	8.77	76	22
Premises and Equipment, Net	154	161	152	143	147	162	157	146	139	124	140
Goodwill	262	307	307	307	346	382	381	381	381	381	444
Intangible Assets	8.98	32	26	20	23	20	13	8.56	5.29	2.84	40
Other Assets	7,453	7,887	7,979	8,244	9,129	482	441	537	624	613	759
Total Liabilities & Shareholders' Equity	8,952	9,624	9,364	9,608	10,494	13,806	14,502	14,113	14,419	14,408	16,767
Total Liabilities	7,789	8,453	8,156	8,350	9,141	12,268	12,918	12,622	12,868	12,811	14,876
Non-Interest Bearing Deposits	-	-	-	7,894	8,592	11,599	12,301	11,465	11,980	12,145	3,123
Interest Bearing Deposits	34	37	41	43	45	45	45	48	45	42	10,857
Accrued Interest Payable	1.99	0.64	0.46	0.74	1.14	2.05	1.80	3.23	14	6.94	6.85
Long-Term Debt	1,086	254	219	111	122	252	253	243	244	445	245
Other Long-Term Liabilities	6,667	8,161	7,895	66	135	209	179	182	186	173	644
Total Equity & Noncontrolling Interests	1,163	1,171	1,208	1,258	1,353	1,539	1,584	1,491	1,551	1,597	1,890
Total Preferred & Common Equity	1,163	1,171	1,208	1,258	1,353	1,539	1,584	1,491	1,551	1,597	1,890
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	1,163	1,171	1,208	1,258	1,353	1,539	1,584	1,491	1,551	1,597	1,890
Common Stock	698	720	732	747	807	1,017	1,012	1,021	1,026	1,035	1,272
Retained Earnings	489	479	508	550	583	555	610	642	675	673	689
Accumulated Other Comprehensive Income / (Loss)	-25	-28	-32	-40	-37	-34	-38	-171	-149	-111	-71

This table presents Northwest Bancshares' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026	Q2 2026
Period end date	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025	6/30/2025	9/30/2025	3/31/2026	6/30/2026
Total Assets	14,194	14,291	14,362	14,510	14,386	14,354	14,454	14,485	16,381	16,907	17,207
Cash and Due from Banks	96	128	162	119	228	227	353	267	279	287	248
Trading Account Securities	2,072	1,922	1,840	1,895	1,813	1,879	1,889	1,914	1,973	2,394	2,460
Loans and Leases, Net of Allowance	10,964	11,147	11,185	11,368	11,220	11,169	11,094	11,213	12,784	12,906	13,080
Loans and Leases	11,085	11,255	11,300	11,493	11,345	11,295	11,216	11,342	12,941	13,056	13,229
Allowance for Loan and Lease Losses	121	124	125	125	125	126	123	129	157	150	149
Loans Held for Sale	7.01	16	11	8.08	9.45	9.37	71	13	22	17	15
Premises and Equipment, Net	140	140	138	131	128	126	123	123	139	141	144
Goodwill	381	381	381	381	381	381	381	381	438	444	445
Intangible Assets	7.65	6.81	6.01	4.59	3.95	3.36	2.33	1.90	48	37	35
Other Assets	526	568	650	603	601	559	540	572	697	681	779
Total Liabilities & Shareholders' Equity	14,194	14,291	14,362	14,510	14,386	14,354	14,454	14,485	16,381	16,907	17,207
Total Liabilities	12,681	12,780	12,864	12,958	12,829	12,763	12,825	12,843	14,525	15,003	15,280
Non-Interest Bearing Deposits	2,896	2,821	2,774	2,618	2,582	2,582	2,641	2,643	3,090	3,121	3,192
Interest Bearing Deposits	8,691	8,899	9,043	9,500	9,558	9,514	9,577	9,606	10,628	11,132	11,018
Accrued Interest Payable	2.24	4.94	7.92	17	21	15	6.84	7.73	11	8.59	8.39
Long-Term Debt	243	243	244	244	244	244	245	245	245	245	857
Other Long-Term Liabilities	159	180	190	177	181	204	158	144	184	496	205
Total Equity & Noncontrolling Interests	1,513	1,512	1,498	1,552	1,557	1,591	1,629	1,642	1,856	1,904	1,927
Total Preferred & Common Equity	1,513	1,512	1,498	1,552	1,557	1,591	1,629	1,642	1,856	1,904	1,927
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	1,513	1,512	1,498	1,552	1,557	1,591	1,629	1,642	1,856	1,904	1,927
Common Stock	1,022	1,023	1,025	1,027	1,029	1,032	1,036	1,039	1,270	1,273	1,276
Retained Earnings	650	657	671	678	658	666	691	699	673	710	734
Accumulated Other Comprehensive Income / (Loss)	-159	-169	-198	-153	-130	-106	-98	-96	-87	-79	-83

This table displays calculated financial ratios and metrics derived from Northwest Bancshares' official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.64	$0.50	$0.94	$1.03	$1.05	$0.62	$1.22	$1.05	$1.06	$0.79	$0.93
Adjusted Weighted Average Basic Shares Outstanding	101.78M	101.82M	102.55M	103.69M	106.93M	126.95M	126.67M	127.05M	127.11M	127.51M	146.14M
Adjusted Diluted Earnings per Share	$0.64	$0.49	$0.92	$1.02	$1.04	$0.62	$1.21	$1.05	$1.06	$0.79	$0.92
Adjusted Weighted Average Diluted Shares Outstanding	101.78M	101.82M	102.55M	103.69M	106.93M	126.95M	126.67M	127.05M	127.11M	127.51M	146.14M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	101.78M	101.82M	102.55M	103.69M	106.93M	126.95M	126.67M	127.05M	127.11M	127.51M	146.14M
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-

This table displays calculated financial ratios and metrics derived from Northwest Bancshares' official financial filings.

Metric	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Period end date	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026	6/30/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	146,139,471.00	146,314,651.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	146,139,471.00	146,314,651.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	0.35	0.37
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-6.51%	-3.83%	-29.17%	-0.09%	13.87%	19.03%	53.46%	20.87%	-	12.10%	20.47%
EBITDA Growth	-6.63%	-8.52%	-75.52%	-14.46%	-0.02%	32.68%	261.22%	-93.33%	-	14.35%	50.01%
EBIT Growth	-18.52%	-14.20%	-86.36%	-14.19%	14.98%	49.77%	642.14%	-92.02%	-	17.92%	59.30%
NOPAT Growth	-16.26%	-13.41%	-85.63%	-14.28%	12.88%	49.02%	609.40%	-90.58%	-	16.29%	59.01%
Net Income Growth	-16.26%	-13.41%	-85.63%	-14.28%	12.88%	49.02%	609.40%	-90.58%	-	16.29%	59.01%
EPS Growth	-17.86%	-11.54%	-84.62%	-16.13%	13.04%	47.83%	550.00%	-92.31%	-	0.00%	38.46%
Operating Cash Flow Growth	-30.89%	136.91%	77.44%	1,956.05%	-270.45%	52.21%	-105.72%	-55.04%	-	-31.36%	1,461.71%
Free Cash Flow Firm Growth	161.81%	153.96%	171.76%	174.87%	-26.18%	-38.73%	-102.31%	-225.09%	-	-116.47%	-7,927.40%
Invested Capital Growth	-9.18%	-10.15%	-14.42%	-13.07%	-6.95%	-5.75%	2.04%	21.02%	-	3.79%	33.57%
Revenue Q/Q Growth	-2.72%	-3.15%	-25.31%	41.99%	10.87%	1.24%	-3.71%	11.83%	-	-2.71%	3.49%
EBITDA Q/Q Growth	-22.93%	-5.52%	-70.94%	304.33%	-9.92%	25.38%	-20.90%	-92.53%	-	14.83%	3.78%
EBIT Q/Q Growth	-27.30%	2.42%	-84.26%	631.96%	-2.58%	33.41%	-21.99%	-92.13%	-	13.56%	5.39%
NOPAT Q/Q Growth	-26.02%	0.51%	-83.72%	608.19%	-2.58%	32.70%	-22.51%	-90.60%	-	10.55%	5.96%
Net Income Q/Q Growth	-26.02%	0.51%	-83.72%	608.19%	-2.58%	32.70%	-22.51%	-90.60%	-	10.55%	5.96%
EPS Q/Q Growth	-25.81%	0.00%	-82.61%	550.00%	0.00%	30.77%	-23.53%	-92.31%	-	13.33%	5.88%
Operating Cash Flow Q/Q Growth	998.55%	56.55%	-42.50%	129.45%	-182.52%	239.80%	-102.16%	1,902.49%	-	1,094.05%	-57.10%
Free Cash Flow Firm Q/Q Growth	155.18%	10.52%	25.88%	-2.48%	-45.59%	-8.27%	-104.74%	-5,188.43%	-	94.34%	-2,209.53%
Invested Capital Q/Q Growth	-6.51%	0.14%	-7.01%	-0.15%	0.08%	1.43%	0.68%	18.42%	-	-16.75%	29.56%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
EBITDA Margin	33.61%	32.78%	12.75%	36.32%	29.51%	36.54%	30.02%	2.01%	-	37.28%	37.38%
EBIT Margin	27.20%	28.77%	6.06%	31.26%	27.47%	36.19%	29.32%	2.06%	-	38.08%	38.77%
Profit (Net Income) Margin	21.42%	22.23%	4.84%	24.16%	21.23%	27.83%	22.39%	1.88%	-	28.87%	29.56%
Tax Burden Percent	78.74%	77.27%	79.89%	77.30%	77.30%	76.88%	76.36%	91.29%	-	75.82%	76.23%
Interest Burden Percent	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	-	100.00%	100.00%
Effective Tax Rate	21.26%	22.73%	20.11%	22.70%	22.70%	23.12%	23.64%	8.71%	-	24.19%	23.77%
Return on Invested Capital (ROIC)	5.11%	5.21%	1.10%	5.55%	5.24%	7.14%	6.51%	0.53%	-	9.22%	8.55%
ROIC Less NNEP Spread (ROIC-NNEP)	5.11%	5.21%	1.10%	5.55%	5.24%	7.14%	6.51%	0.53%	-	9.22%	8.55%
Return on Net Nonoperating Assets (RNNOA)	2.63%	2.68%	0.49%	2.33%	1.81%	2.44%	1.89%	0.16%	-	1.79%	3.11%
Return on Equity (ROE)	7.74%	7.89%	1.59%	7.88%	7.05%	9.58%	8.40%	0.69%	-	11.01%	11.66%
Cash Return on Invested Capital (CROIC)	15.48%	16.31%	20.15%	18.39%	11.93%	11.29%	4.93%	-14.01%	-	2.59%	-22.46%
Operating Return on Assets (OROA)	1.05%	1.09%	0.21%	1.10%	1.00%	1.37%	1.22%	0.08%	-	1.64%	1.72%
Return on Assets (ROA)	0.82%	0.84%	0.17%	0.85%	0.77%	1.05%	0.93%	0.08%	-	1.24%	1.31%
Return on Common Equity (ROCE)	7.74%	7.89%	1.59%	7.88%	7.05%	9.58%	8.40%	0.69%	-	11.01%	11.66%
Return on Equity Simple (ROE_SIMPLE)	0.00%	8.40%	6.56%	6.07%	0.00%	7.03%	8.74%	6.09%	-	6.99%	7.94%
Net Operating Profit after Tax (NOPAT)	29	29	4.75	34	33	43	34	3.17	-	51	54
NOPAT Margin	21.42%	22.23%	4.84%	24.16%	21.23%	27.83%	22.39%	1.88%	-	28.87%	29.56%
Net Nonoperating Expense Percent (NNEP)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-	0.00%	0.00%
SG&A Expenses to Revenue	54.31%	57.96%	79.70%	57.41%	50.66%	50.46%	52.08%	52.16%	-	49.51%	50.38%
Operating Expenses to Revenue	66.93%	68.62%	94.31%	65.24%	61.80%	58.74%	64.86%	79.38%	-	59.43%	57.56%
Earnings before Interest and Taxes (EBIT)	37	38	5.94	43	42	57	44	3.47	-	67	70
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	46	43	12	51	46	57	45	3.37	-	65	68
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.94	0.92	0.93	1.07	1.04	0.94	0.99	0.96	-	0.96	1.15
Price to Tangible Book Value (P/TBV)	1.26	1.23	1.24	1.41	1.36	1.23	1.30	1.30	-	1.29	1.53
Price to Revenue (P/Rev)	2.67	2.63	2.87	3.38	3.17	2.80	2.72	2.83	-	2.71	3.15
Price to Earnings (P/E)	10.86	10.97	14.18	17.65	16.50	13.38	11.38	15.76	-	13.74	14.50
Dividend Yield	6.94%	7.10%	7.03%	5.98%	6.16%	6.66%	6.26%	6.57%	-	6.40%	5.28%
Earnings Yield	9.21%	9.11%	7.05%	5.66%	6.06%	7.48%	8.79%	6.35%	-	7.28%	6.90%
Enterprise Value to Invested Capital (EV/IC)	0.91	0.89	0.84	0.94	0.89	0.78	0.87	0.86	-	0.83	1.02
Enterprise Value to Revenue (EV/Rev)	3.61	3.60	3.39	3.82	3.47	2.96	3.01	3.36	-	2.65	4.01
Enterprise Value to EBITDA (EV/EBITDA)	9.80	9.85	10.66	12.71	11.95	9.79	9.12	14.00	-	10.47	14.63
Enterprise Value to EBIT (EV/EBIT)	11.34	11.59	13.00	15.53	13.98	10.93	9.70	14.44	-	10.33	14.20
Enterprise Value to NOPAT (EV/NOPAT)	14.72	15.00	16.71	19.95	18.06	14.15	12.60	18.71	-	13.42	18.48
Enterprise Value to Operating Cash Flow (EV/OCF)	21.38	14.63	11.26	7.71	14.19	9.85	14.87	30.11	-	14.93	18.39
Enterprise Value to Free Cash Flow (EV/FCFF)	5.57	5.17	3.82	4.78	7.17	6.73	17.77	0.00	-	32.73	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.41	0.42	0.31	0.28	0.28	0.27	0.27	0.33	-	0.13	0.44
Long-Term Debt to Equity	0.16	0.16	0.16	0.15	0.15	0.15	0.15	0.13	-	0.13	0.44
Financial Leverage	0.52	0.51	0.44	0.42	0.35	0.34	0.29	0.31	-	0.19	0.36
Leverage Ratio	9.38	9.36	9.35	9.29	9.16	9.10	9.03	8.92	-	8.88	8.88
Compound Leverage Factor	9.38	9.36	9.35	9.29	9.16	9.10	9.03	8.92	-	8.88	8.88
Debt to Total Capital	29.29%	29.34%	23.81%	21.99%	21.78%	21.34%	21.23%	24.83%	-	11.40%	30.78%
Short-Term Debt to Total Capital	18.18%	18.24%	11.86%	10.02%	9.81%	9.53%	9.50%	14.92%	-	0.00%	0.00%
Long-Term Debt to Total Capital	11.11%	11.10%	11.95%	11.97%	11.97%	11.81%	11.74%	9.92%	-	11.40%	30.78%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-	0.00%	0.00%
Common Equity to Total Capital	70.71%	70.66%	76.19%	78.01%	78.22%	78.67%	78.77%	75.17%	-	88.60%	69.22%
Debt to EBITDA	3.17	3.25	3.04	2.96	2.93	2.67	2.23	4.06	-	1.44	4.44
Net Debt to EBITDA	2.57	2.64	1.61	1.46	1.03	0.53	0.89	2.21	-	-0.24	3.15
Long-Term Debt to EBITDA	1.20	1.23	1.52	1.61	1.61	1.48	1.23	1.62	-	1.44	4.44
Debt to NOPAT	4.76	4.94	4.76	4.65	4.43	3.86	3.08	5.42	-	1.84	5.60
Net Debt to NOPAT	3.86	4.03	2.53	2.30	1.56	0.77	1.22	2.96	-	-0.31	3.98
Long-Term Debt to NOPAT	1.81	1.87	2.39	2.53	2.44	2.13	1.71	2.17	-	1.84	5.60
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	251	277	349	340	185	170	-8.05	-426	-	-28	-646
Operating Cash Flow to CapEx	0.00%	0.00%	0.00%	0.00%	0.00%	5,906.26%	-64.12%	1,149.78%	-	1,714.58%	570.32%
Free Cash Flow to Firm to Interest Expense	4.91	4.86	5.82	5.66	3.28	3.22	-0.15	-7.25	-	-0.47	-11.10
Operating Cash Flow to Interest Expense	0.88	1.24	0.68	1.55	-1.36	2.04	-0.04	0.71	-	1.25	0.54
Operating Cash Flow Less CapEx to Interest Expense	0.88	1.24	0.68	1.55	-1.36	2.00	-0.11	0.65	-	1.18	0.45
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04	-	0.04	0.04
Fixed Asset Turnover	3.86	4.02	3.76	3.81	3.97	4.32	4.77	4.73	-	5.09	5.26
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	2,194	2,197	2,043	2,040	2,042	2,071	2,085	2,469	-	2,149	2,785
Invested Capital Turnover	0.24	0.23	0.23	0.23	0.25	0.26	0.29	0.28	-	0.32	0.29
Increase / (Decrease) in Invested Capital	-222	-248	-344	-307	-152	-126	42	429	-	79	700
Enterprise Value (EV)	1,986	1,957	1,706	1,926	1,811	1,621	1,808	2,116	-	1,786	2,827
Market Capitalization	1,466	1,432	1,448	1,704	1,655	1,533	1,633	1,781	-	1,828	2,218
Book Value per Share	$12.21	$12.20	$12.23	$12.49	$12.53	$12.77	$12.85	$12.69	-	$13.03	$13.17
Tangible Book Value per Share	$9.17	$9.17	$9.21	$9.48	$9.52	$9.77	$9.86	$9.37	-	$9.73	$9.89
Total Capital	2,194	2,197	2,043	2,040	2,042	2,071	2,085	2,469	-	2,149	2,785
Total Debt	643	645	486	449	445	442	443	613	-	245	857
Total Long-Term Debt	244	244	244	244	244	245	245	245	-	245	857
Net Debt	520	525	258	222	156	89	176	334	-	-42	609
Capital Expenditures (CapEx)	0.00	0.00	0.00	0.00	0.00	1.82	3.63	3.65	-	4.31	5.56
Net Nonoperating Expense (NNE)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	0.00	0.00
Net Nonoperating Obligations (NNO)	643	645	486	449	445	442	443	613	-	245	857
Total Depreciation and Amortization (D&A)	8.68	5.27	6.56	7.04	3.15	0.55	1.05	-0.10	-	-1.40	-2.52
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.22	$0.23	$0.04	$0.26	$0.26	$0.34	$0.26	$0.02	$0.31	$0.35	$0.37
Adjusted Weighted Average Basic Shares Outstanding	127.11M	127.26M	127.37M	127.40M	127.51M	127.75M	146.21M	146.10M	146.14M	146.31M	146.46M
Adjusted Diluted Earnings per Share	$0.23	$0.23	$0.04	$0.26	$0.26	$0.34	$0.26	$0.02	$0.30	$0.34	$0.36
Adjusted Weighted Average Diluted Shares Outstanding	127.11M	127.26M	127.37M	127.40M	127.51M	127.75M	146.21M	146.10M	146.14M	146.31M	146.46M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	127.11M	127.26M	127.37M	127.40M	127.51M	127.75M	146.21M	146.10M	146.14M	146.31M	146.46M
Normalized Net Operating Profit after Tax (NOPAT)	31	30	6.28	34	35	44	38	32	-	51	54
Normalized NOPAT Margin	22.79%	22.79%	6.41%	24.19%	22.66%	28.38%	25.56%	18.85%	-	29.14%	29.74%
Pre Tax Income Margin	27.20%	28.77%	6.06%	31.26%	27.47%	36.19%	29.32%	2.06%	-	38.08%	38.77%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.72	0.66	0.10	0.72	0.75	1.07	0.85	0.06	-	1.13	1.21
NOPAT to Interest Expense	0.57	0.51	0.08	0.56	0.58	0.82	0.65	0.05	-	0.86	0.92
EBIT Less CapEx to Interest Expense	0.72	0.66	0.10	0.72	0.75	1.04	0.78	0.00	-	1.06	1.11
NOPAT Less CapEx to Interest Expense	0.57	0.51	0.08	0.56	0.58	0.79	0.58	-0.01	-	0.78	0.82
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	75.33%	77.96%	99.59%	105.43%	101.57%	88.97%	71.19%	93.81%	-	85.51%	76.87%
Augmented Payout Ratio	75.33%	77.96%	99.59%	105.43%	101.57%	88.97%	71.19%	93.81%	-	85.51%	76.87%

Financials Breakdown Chart

Key Financial Trends

Northwest Bancshares (NASDAQ: NWBI) has delivered a noticeable turnaround in profitability and operating cash flow over the past year. Compared with the weaker periods in 2024, the latest Q1 2026 results show stronger earnings, healthier core cash generation, and a much larger balance sheet. At the same time, expenses remain elevated and the bank still carries a meaningful amount of goodwill and other intangibles from prior acquisitions.

Earnings rebounded sharply year over year. Q1 2026 net income rose to $50.5 million from $45.7 million in Q4 2025 and from just $3.2 million in Q3 2025, showing a clear recovery in profitability.
Core operating cash flow improved materially. Northwest generated $73.9 million in operating cash flow in Q1 2026, up from $6.2 million in Q4 2025 and $41.9 million in Q3 2025.
Net interest income remains strong. Q1 2026 net interest income was $142.5 million, slightly above Q4 2025 and meaningfully better than the lows seen in late 2024 and mid-2024.
Loan growth has resumed. Net loans and leases increased to $12.9 billion in Q1 2026 from $12.8 billion in Q3 2025 and $11.2 billion in Q2 2025, suggesting the balance sheet is expanding again.
Deposits grew in the latest quarter. Total deposits increased as non-interest-bearing deposits rose to $3.12 billion and interest-bearing deposits reached $11.13 billion, helping fund the loan book.
Equity improved modestly. Total common equity increased to $1.90 billion in Q1 2026 from $1.86 billion in Q3 2025 and $1.64 billion in Q2 2025.
Fee income remains a stable contributor. Trust fees, service charges, and other non-interest income continue to provide diversification beyond spread income.
The company continues to pay a steady dividend. Cash dividends were $0.20 per share in the periods shown, which should appeal to income-oriented investors.
Operating expenses remain high. Q1 2026 non-interest expense was $104.0 million, and the bank has had repeated restructuring charges in recent quarters.
Credit costs are still a watch item. The provision for credit losses was $4.4 million in Q1 2026, down from some prior quarters but still an ongoing drag on earnings.

What stands out most is that Northwest Bancshares appears to have moved past the soft patch seen in 2024 and early/mid-2025. Net income and operating cash flow are both back on firmer footing, while loan balances and deposits are trending higher. That said, investors should keep an eye on expense discipline and credit quality, since bank earnings can weaken quickly if provisions rise or margins compress.

Balance sheet summary: As of Q1 2026, NWBI reported $16.9 billion in assets, $15.0 billion in liabilities, and $1.9 billion in common equity. Cash was $286.7 million, and the allowance for loan and lease losses stood at $150.0 million against $13.1 billion in loans and leases.

08/23/26 04:54 AM ETAI Generated. May Contain Errors.

Northwest Bancshares Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Northwest Bancshares' financial year ends in December. Their financial year 2025 ended on December 31, 2025.

Northwest Bancshares' net income appears to be on an upward trend, with a most recent value of $126.01 million in 2025, rising from $60.54 million in 2015. The previous period was $100.28 million in 2024. Find out what analysts predict for Northwest Bancshares in the coming months.

Over the last 10 years, Northwest Bancshares' total revenue changed from $332.09 million in 2015 to $654.67 million in 2025, a change of 97.1%.

Northwest Bancshares' total liabilities were at $14.88 billion at the end of 2025, a 16.1% increase from 2024, and a 91.0% increase since 2015.

In the past 10 years, Northwest Bancshares' cash and equivalents has ranged from $60.85 million in 2019 to $1.28 billion in 2021, and is currently $233.65 million as of their latest financial filing in 2025.

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Financial statements for NASDAQ:NWBI last updated on 8/5/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Northwest Bancshares (NWBI) Financials

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Northwest Bancshares (NWBI) Financials

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Northwest Bancshares Financials - Frequently Asked Questions

When does Northwest Bancshares' fiscal year end?

How has Northwest Bancshares' net income changed over the last 10 years?

How has Northwest Bancshares' revenue changed over the last 10 years?

How much debt does Northwest Bancshares have?

How much cash does Northwest Bancshares have?

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