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Northwest Bancshares (NWBI) Financials

Northwest Bancshares logo
$13.52 -0.19 (-1.39%)
Closing price 05/13/2026 04:00 PM Eastern
Extended Trading
$13.55 +0.03 (+0.23%)
As of 05:50 AM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.
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Annual Income Statements for Northwest Bancshares

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

Quarterly Income Statements for Northwest Bancshares

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

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 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
Net Income / (Loss) Attributable to Common Shareholders		 39 29 29 4.75 34 33 43 34 3.17 46 51
Consolidated Net Income / (Loss)		 39 29 29 4.75 34 33 43 34 3.17 46 51
Net Income / (Loss) Continuing Operations		 39 29 29 4.75 34 33 43 34 3.17 46 51
Total Pre-Tax Income 		51 37 38 5.94 43 42 57 44 3.47 59 67
Total Revenue		 139 135 131 98 139 154 156 150 168 180 175
Net Interest Income / (Expense)		 108 106 103 107 111 114 128 119 136 142 142
Total Interest Income		 152 157 160 167 171 171 181 172 195 203 202
Loans and Leases Interest Income		 141 147 150 154 156 156 165 155 178 184 181
Investment Securities Interest Income		 10 9.90 9.84 11 13 13 14 14 15 17 20
Deposits and Money Market Investments Interest Income		 0.91 0.97 0.83 1.79 2.31 1.55 2.42 2.67 1.70 1.91 0.87
Total Interest Expense		 43 51 57 60 60 57 53 52 59 61 59
Deposits Interest Expense		 32 41 48 53 54 51 47 47 52 53 51
Long-Term Debt Interest Expense		 12 10 9.32 7.26 5.88 5.67 5.45 5.30 6.82 7.71 7.99
Total Non-Interest Income		 31 29 28 -8.85 28 40 28 31 32 38 33
Trust Fees by Commissions		 7.09 6.88 7.13 7.57 7.92 7.49 7.91 7.95 8.04 8.42 8.62
Other Service Charges		 18 18 18 19 17 29 17 19 21 20 20
Net Realized & Unrealized Capital Gains on Investments		 0.33 2.20 0.93 -37 0.77 1.06 1.32 1.08 0.51 0.73 1.27
Other Non-Interest Income		 5.19 1.70 1.95 2.27 2.18 2.24 2.03 2.50 2.75 8.65 2.37
Provision for Credit Losses		 1.00 7.95 3.44 -0.37 4.88 17 7.91 8.74 31 7.72 4.37
Total Non-Interest Expense		 88 91 90 92 91 95 92 98 133 114 104
Salaries and Employee Benefits		 51 50 52 54 56 53 55 55 63 65 58
Net Occupancy & Equipment Expense		 22 22 22 22 22 23 22 20 23 25 27
Marketing Expense		 2.38 1.32 2.15 2.41 2.00 2.33 1.88 3.02 1.93 1.83 1.67
Property & Liability Insurance Claims		 2.34 2.64 3.02 2.87 2.76 2.95 2.33 2.30 3.36 3.54 2.90
Other Operating Expenses		 9.09 11 9.30 8.91 7.50 11 8.97 10 9.18 12 12
Amortization Expense		 0.80 0.72 0.70 0.64 0.59 0.53 0.50 0.44 1.97 2.26 2.19
Restructuring Charge		 0.00 2.35 0.96 1.92 0.04 2.85 1.12 6.24 31 4.16 0.63
Income Tax Expense		 11 7.84 8.58 1.20 9.88 9.62 13 10 0.30 13 16
Basic Earnings per Share		 $0.31 $0.22 $0.23 $0.04 $0.26 $0.26 $0.34 $0.26 $0.02 $0.31 $0.35
Weighted Average Basic Shares Outstanding		 127.10M 127.11M 127.26M 127.37M 127.40M 127.51M 127.75M 146.21M 146.10M 146.14M 146.31M
Diluted Earnings per Share		 $0.31 $0.23 $0.23 $0.04 $0.26 $0.26 $0.34 $0.26 $0.02 $0.30 $0.34
Weighted Average Diluted Shares Outstanding		 127.10M 127.11M 127.26M 127.37M 127.40M 127.51M 127.75M 146.21M 146.10M 146.14M 146.31M
Weighted Average Basic & Diluted Shares Outstanding		 127.10M 127.11M 127.26M 127.37M 127.40M 127.51M 127.75M 146.21M 146.10M 146.14M 146.31M
Cash Dividends to Common per Share		 $0.20 - $0.20 $0.20 $0.20 - $0.20 $0.20 $0.20 - $0.20

Annual Cash Flow Statements for Northwest Bancshares

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

Quarterly Cash Flow Statements for Northwest Bancshares

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 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 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
Net Change in Cash & Equivalents		 34 -40 -2.94 109 -1.55 61 65 -86 12 -45 53
Net Cash From Operating Activities		 -5.03 45 71 41 93 -77 108 -2.33 42 6.19 74
Net Cash From Continuing Operating Activities		 -5.03 45 71 41 93 -77 108 -2.33 42 6.19 74
Net Income / (Loss) Continuing Operations		 39 29 29 4.75 34 33 43 34 3.17 46 51
Consolidated Net Income / (Loss)		 39 29 29 4.75 34 33 43 34 3.17 46 51
Provision For Loan Losses		 1.00 7.95 3.44 -0.37 4.88 17 7.91 8.74 31 7.72 4.37
Depreciation Expense		 7.68 8.02 4.65 6.33 7.14 3.23 0.60 1.06 0.05 -1.57 -1.35
Amortization Expense		 0.71 0.65 0.63 0.23 -0.10 -0.08 -0.05 -0.02 -0.15 -0.30 -0.05
Non-Cash Adjustments to Reconcile Net Income		 8.01 -2.97 1.69 43 1.41 -71 6.75 -2.76 -14 0.53 6.41
Changes in Operating Assets and Liabilities, net		 -62 2.50 31 -13 46 -59 49 -43 21 -46 14
Net Cash From Investing Activities		 -5.57 -61 -144 231 11 76 -46 -90 371 -363 -169
Net Cash From Continuing Investing Activities		 -5.57 -61 -144 231 11 76 -46 -90 371 -363 -169
Purchase of Property, Leasehold Improvements and Equipment		 - - -5.47 - - - -1.82 -3.63 -3.65 -2.53 -4.31
Purchase of Investment Securities		 -904 -1,024 -1,135 -1,140 -834 -329 -959 -1,123 -1,100 -1,631 -1,578
Sale and/or Maturity of Investments		 899 971 997 1,372 846 407 915 1,036 1,475 1,271 1,413
Net Cash From Financing Activities		 45 -23 70 -163 -106 63 3.15 6.22 -401 311 149
Net Cash From Continuing Financing Activities		 45 -23 70 -163 -106 63 3.15 6.22 -401 311 149
Net Change in Deposits		 127 190 92 16 -16 73 30 27 -122 247 270
Issuance of Debt		 -28 -206 1.89 - - - -3.06 - - - -71
Repayment of Debt		 - - - - -38 195 0.00 - -224 191 -24
Payment of Dividends		 -25 -25 -25 -25 -25 -25 -26 -26 -29 -29 -29
Other Financing Activities, Net		 -29 18 1.74 5.36 -26 19 2.11 4.30 -26 16 3.06
Cash Income Taxes Paid		 14 9.76 0.61 13 1.27 13 0.77 27 7.78 4.94 0.54

Annual Balance Sheets for Northwest Bancshares

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		 1,086 254 219 111 122 252 253 243 244 445 691
Other Long-Term Liabilities		 6,667 8,161 7,895 66 135 209 179 182 186 173 198
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

Quarterly Balance Sheets for Northwest Bancshares

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 Q3 2022 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026
Period end date 9/30/2022 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
Total Assets		 13,953 14,194 14,291 14,362 14,510 14,386 14,354 14,454 14,485 16,381 16,907
Cash and Due from Banks		 119 96 128 162 119 228 227 353 267 279 287
Trading Account Securities		 2,151 2,072 1,922 1,840 1,895 1,813 1,879 1,889 1,914 1,973 2,394
Loans and Leases, Net of Allowance		 10,616 10,964 11,147 11,185 11,368 11,220 11,169 11,094 11,213 12,784 12,906
Loans and Leases		 10,726 11,085 11,255 11,300 11,493 11,345 11,295 11,216 11,342 12,941 13,056
Allowance for Loan and Lease Losses		 110 121 124 125 125 125 126 123 129 157 150
Loans Held for Sale		 16 7.01 16 11 8.08 9.45 9.37 71 13 22 17
Premises and Equipment, Net		 146 140 140 138 131 128 126 123 123 139 141
Goodwill		 381 381 381 381 381 381 381 381 381 438 444
Intangible Assets		 9.49 7.65 6.81 6.01 4.59 3.95 3.36 2.33 1.90 48 37
Other Assets		 515 526 568 650 603 601 559 540 572 697 681
Total Liabilities & Shareholders' Equity		 13,953 14,194 14,291 14,362 14,510 14,386 14,354 14,454 14,485 16,381 16,907
Total Liabilities		 12,493 12,681 12,780 12,864 12,958 12,829 12,763 12,825 12,843 14,525 15,003
Non-Interest Bearing Deposits		 3,094 2,896 2,821 2,774 2,618 2,582 2,582 2,641 2,643 3,090 3,121
Interest Bearing Deposits		 8,814 8,691 8,899 9,043 9,500 9,558 9,514 9,577 9,606 10,628 11,132
Accrued Interest Payable		 0.83 2.24 4.94 7.92 17 21 15 6.84 7.73 11 8.59
Long-Term Debt		 393 243 243 244 244 244 244 245 245 245 245
Other Long-Term Liabilities		 191 159 180 190 177 181 204 158 144 184 496
Total Equity & Noncontrolling Interests		 1,460 1,513 1,512 1,498 1,552 1,557 1,591 1,629 1,642 1,856 1,904
Total Preferred & Common Equity		 1,460 1,513 1,512 1,498 1,552 1,557 1,591 1,629 1,642 1,856 1,904
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		 1,460 1,513 1,512 1,498 1,552 1,557 1,591 1,629 1,642 1,856 1,904
Common Stock		 1,018 1,022 1,023 1,025 1,027 1,029 1,032 1,036 1,039 1,270 1,273
Retained Earnings		 632 650 657 671 678 658 666 691 699 673 710
Accumulated Other Comprehensive Income / (Loss)		 -191 -159 -169 -198 -153 -130 -106 -98 -96 -87 -79

Annual Metrics And Ratios for Northwest Bancshares

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		 - - - - - - - - - - -

Quarterly Metrics And Ratios for Northwest Bancshares

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

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 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
DEI Shares Outstanding		 - - - - - - - - - - 146,139,471.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - - 146,139,471.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - - 0.35
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 -0.21% -6.51% -3.83% -29.17% -0.09% 13.87% 19.03% 53.46% 20.87% - 12.10%
EBITDA Growth		 15.00% -6.63% -8.52% -75.52% -14.46% -0.02% 32.68% 261.22% -93.33% - 14.35%
EBIT Growth		 2.83% -18.52% -14.20% -86.36% -14.19% 14.98% 49.77% 642.14% -92.02% - 17.92%
NOPAT Growth		 5.14% -16.26% -13.41% -85.63% -14.28% 12.88% 49.02% 609.40% -90.58% - 16.29%
Net Income Growth		 5.14% -16.26% -13.41% -85.63% -14.28% 12.88% 49.02% 609.40% -90.58% - 16.29%
EPS Growth		 6.90% -17.86% -11.54% -84.62% -16.13% 13.04% 47.83% 550.00% -92.31% - 0.00%
Operating Cash Flow Growth		 -106.04% -30.89% 136.91% 77.44% 1,956.05% -270.45% 52.21% -105.72% -55.04% - -31.36%
Free Cash Flow Firm Growth		 -463.03% 161.81% 153.96% 171.76% 174.87% -26.18% -38.73% -102.31% -225.09% - -116.47%
Invested Capital Growth		 26.65% -9.18% -10.15% -14.42% -13.07% -6.95% -5.75% 2.04% 21.02% - 3.79%
Revenue Q/Q Growth		 0.66% -2.72% -3.15% -25.31% 41.99% 10.87% 1.24% -3.71% 11.83% - -2.71%
EBITDA Q/Q Growth		 15.72% -22.93% -5.52% -70.94% 304.33% -9.92% 25.38% -20.90% -92.53% - 14.83%
EBIT Q/Q Growth		 16.36% -27.30% 2.42% -84.26% 631.96% -2.58% 33.41% -21.99% -92.13% - 13.56%
NOPAT Q/Q Growth		 18.69% -26.02% 0.51% -83.72% 608.19% -2.58% 32.70% -22.51% -90.60% - 10.55%
Net Income Q/Q Growth		 18.69% -26.02% 0.51% -83.72% 608.19% -2.58% 32.70% -22.51% -90.60% - 10.55%
EPS Q/Q Growth		 19.23% -25.81% 0.00% -82.61% 550.00% 0.00% 30.77% -23.53% -92.31% - 13.33%
Operating Cash Flow Q/Q Growth		 -121.94% 998.55% 56.55% -42.50% 129.45% -182.52% 239.80% -102.16% 1,902.49% - 1,094.05%
Free Cash Flow Firm Q/Q Growth		 6.53% 155.18% 10.52% 25.88% -2.48% -45.59% -8.27% -104.74% -5,188.43% - 94.34%
Invested Capital Q/Q Growth		 -1.70% -6.51% 0.14% -7.01% -0.15% 0.08% 1.43% 0.68% 18.42% - -16.75%
Profitability Metrics		 - - - - - - - - - - -
EBITDA Margin		 42.42% 33.61% 32.78% 12.75% 36.32% 29.51% 36.54% 30.02% 2.01% - 37.28%
EBIT Margin		 36.40% 27.20% 28.77% 6.06% 31.26% 27.47% 36.19% 29.32% 2.06% - 38.08%
Profit (Net Income) Margin		 28.16% 21.42% 22.23% 4.84% 24.16% 21.23% 27.83% 22.39% 1.88% - 28.87%
Tax Burden Percent		 77.38% 78.74% 77.27% 79.89% 77.30% 77.30% 76.88% 76.36% 91.29% - 75.82%
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		 22.62% 21.26% 22.73% 20.11% 22.70% 22.70% 23.12% 23.64% 8.71% - 24.19%
Return on Invested Capital (ROIC)		 7.50% 5.11% 5.21% 1.10% 5.55% 5.24% 7.14% 6.51% 0.53% - 9.22%
ROIC Less NNEP Spread (ROIC-NNEP)		 7.50% 5.11% 5.21% 1.10% 5.55% 5.24% 7.14% 6.51% 0.53% - 9.22%
Return on Net Nonoperating Assets (RNNOA)		 3.15% 2.63% 2.68% 0.49% 2.33% 1.81% 2.44% 1.89% 0.16% - 1.79%
Return on Equity (ROE)		 10.64% 7.74% 7.89% 1.59% 7.88% 7.05% 9.58% 8.40% 0.69% - 11.01%
Cash Return on Invested Capital (CROIC)		 -16.82% 15.48% 16.31% 20.15% 18.39% 11.93% 11.29% 4.93% -14.01% - 2.59%
Operating Return on Assets (OROA)		 1.44% 1.05% 1.09% 0.21% 1.10% 1.00% 1.37% 1.22% 0.08% - 1.64%
Return on Assets (ROA)		 1.11% 0.82% 0.84% 0.17% 0.85% 0.77% 1.05% 0.93% 0.08% - 1.24%
Return on Common Equity (ROCE)		 10.64% 7.74% 7.89% 1.59% 7.88% 7.05% 9.58% 8.40% 0.69% - 11.01%
Return on Equity Simple (ROE_SIMPLE)		 9.38% 0.00% 8.40% 6.56% 6.07% 0.00% 7.03% 8.74% 6.09% - 6.99%
Net Operating Profit after Tax (NOPAT)		 39 29 29 4.75 34 33 43 34 3.17 - 51
NOPAT Margin		 28.16% 21.42% 22.23% 4.84% 24.16% 21.23% 27.83% 22.39% 1.88% - 28.87%
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		 54.11% 54.31% 57.96% 79.70% 57.41% 50.66% 50.46% 52.08% 52.16% - 49.51%
Operating Expenses to Revenue		 62.88% 66.93% 68.62% 94.31% 65.24% 61.80% 58.74% 64.86% 79.38% - 59.43%
Earnings before Interest and Taxes (EBIT)		 51 37 38 5.94 43 42 57 44 3.47 - 67
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 59 46 43 12 51 46 57 45 3.37 - 65
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.81 0.94 0.92 0.93 1.07 1.04 0.94 0.99 0.96 - 0.96
Price to Tangible Book Value (P/TBV)		 1.09 1.26 1.23 1.24 1.41 1.36 1.23 1.30 1.30 - 1.29
Price to Revenue (P/Rev)		 2.17 2.67 2.63 2.87 3.38 3.17 2.80 2.72 2.83 - 2.71
Price to Earnings (P/E)		 8.63 10.86 10.97 14.18 17.65 16.50 13.38 11.38 15.76 - 13.74
Dividend Yield		 8.38% 6.94% 7.10% 7.03% 5.98% 6.16% 6.66% 6.26% 6.57% - 6.40%
Earnings Yield		 11.59% 9.21% 9.11% 7.05% 5.66% 6.06% 7.48% 8.79% 6.35% - 7.28%
Enterprise Value to Invested Capital (EV/IC)		 0.81 0.91 0.89 0.84 0.94 0.89 0.78 0.87 0.86 - 0.83
Enterprise Value to Revenue (EV/Rev)		 3.40 3.61 3.60 3.39 3.82 3.47 2.96 3.01 3.36 - 2.65
Enterprise Value to EBITDA (EV/EBITDA)		 9.22 9.80 9.85 10.66 12.71 11.95 9.79 9.12 14.00 - 10.47
Enterprise Value to EBIT (EV/EBIT)		 10.35 11.34 11.59 13.00 15.53 13.98 10.93 9.70 14.44 - 10.33
Enterprise Value to NOPAT (EV/NOPAT)		 13.51 14.72 15.00 16.71 19.95 18.06 14.15 12.60 18.71 - 13.42
Enterprise Value to Operating Cash Flow (EV/OCF)		 16.79 21.38 14.63 11.26 7.71 14.19 9.85 14.87 30.11 - 14.93
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 5.57 5.17 3.82 4.78 7.17 6.73 17.77 0.00 - 32.73
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.57 0.41 0.42 0.31 0.28 0.28 0.27 0.27 0.33 - 0.13
Long-Term Debt to Equity		 0.16 0.16 0.16 0.16 0.15 0.15 0.15 0.15 0.13 - 0.13
Financial Leverage		 0.42 0.52 0.51 0.44 0.42 0.35 0.34 0.29 0.31 - 0.19
Leverage Ratio		 9.57 9.38 9.36 9.35 9.29 9.16 9.10 9.03 8.92 - 8.88
Compound Leverage Factor		 9.57 9.38 9.36 9.35 9.29 9.16 9.10 9.03 8.92 - 8.88
Debt to Total Capital		 36.15% 29.29% 29.34% 23.81% 21.99% 21.78% 21.34% 21.23% 24.83% - 11.40%
Short-Term Debt to Total Capital		 25.76% 18.18% 18.24% 11.86% 10.02% 9.81% 9.53% 9.50% 14.92% - 0.00%
Long-Term Debt to Total Capital		 10.38% 11.11% 11.10% 11.95% 11.97% 11.97% 11.81% 11.74% 9.92% - 11.40%
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		 63.85% 70.71% 70.66% 76.19% 78.01% 78.22% 78.67% 78.77% 75.17% - 88.60%
Debt to EBITDA		 4.12 3.17 3.25 3.04 2.96 2.93 2.67 2.23 4.06 - 1.44
Net Debt to EBITDA		 3.33 2.57 2.64 1.61 1.46 1.03 0.53 0.89 2.21 - -0.24
Long-Term Debt to EBITDA		 1.18 1.20 1.23 1.52 1.61 1.61 1.48 1.23 1.62 - 1.44
Debt to NOPAT		 6.03 4.76 4.94 4.76 4.65 4.43 3.86 3.08 5.42 - 1.84
Net Debt to NOPAT		 4.88 3.86 4.03 2.53 2.30 1.56 0.77 1.22 2.96 - -0.31
Long-Term Debt to NOPAT		 1.73 1.81 1.87 2.39 2.53 2.44 2.13 1.71 2.17 - 1.84
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)		 -455 251 277 349 340 185 170 -8.05 -426 - -28
Operating Cash Flow to CapEx		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 5,906.26% -64.12% 1,149.78% - 1,714.58%
Free Cash Flow to Firm to Interest Expense		 -10.52 4.91 4.86 5.82 5.66 3.28 3.22 -0.15 -7.25 - -0.47
Operating Cash Flow to Interest Expense		 -0.12 0.88 1.24 0.68 1.55 -1.36 2.04 -0.04 0.71 - 1.25
Operating Cash Flow Less CapEx to Interest Expense		 -0.12 0.88 1.24 0.68 1.55 -1.36 2.00 -0.11 0.65 - 1.18
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		 3.93 3.86 4.02 3.76 3.81 3.97 4.32 4.77 4.73 - 5.09
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 2,347 2,194 2,197 2,043 2,040 2,042 2,071 2,085 2,469 - 2,149
Invested Capital Turnover		 0.27 0.24 0.23 0.23 0.23 0.25 0.26 0.29 0.28 - 0.32
Increase / (Decrease) in Invested Capital		 494 -222 -248 -344 -307 -152 -126 42 429 - 79
Enterprise Value (EV)		 1,899 1,986 1,957 1,706 1,926 1,811 1,621 1,808 2,116 - 1,786
Market Capitalization		 1,213 1,466 1,432 1,448 1,704 1,655 1,533 1,633 1,781 - 1,828
Book Value per Share		 $11.79 $12.21 $12.20 $12.23 $12.49 $12.53 $12.77 $12.85 $12.69 - $13.03
Tangible Book Value per Share		 $8.74 $9.17 $9.17 $9.21 $9.48 $9.52 $9.77 $9.86 $9.37 - $9.73
Total Capital		 2,347 2,194 2,197 2,043 2,040 2,042 2,071 2,085 2,469 - 2,149
Total Debt		 848 643 645 486 449 445 442 443 613 - 245
Total Long-Term Debt		 244 244 244 244 244 244 245 245 245 - 245
Net Debt		 686 520 525 258 222 156 89 176 334 - -42
Capital Expenditures (CapEx)		 0.00 0.00 0.00 0.00 0.00 0.00 1.82 3.63 3.65 - 4.31
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)		 848 643 645 486 449 445 442 443 613 - 245
Total Depreciation and Amortization (D&A)		 8.39 8.68 5.27 6.56 7.04 3.15 0.55 1.05 -0.10 - -1.40
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.31 $0.22 $0.23 $0.04 $0.26 $0.26 $0.34 $0.26 $0.02 $0.31 $0.35
Adjusted Weighted Average Basic Shares Outstanding		 127.10M 127.11M 127.26M 127.37M 127.40M 127.51M 127.75M 146.21M 146.10M 146.14M 146.31M
Adjusted Diluted Earnings per Share		 $0.31 $0.23 $0.23 $0.04 $0.26 $0.26 $0.34 $0.26 $0.02 $0.30 $0.34
Adjusted Weighted Average Diluted Shares Outstanding		 127.10M 127.11M 127.26M 127.37M 127.40M 127.51M 127.75M 146.21M 146.10M 146.14M 146.31M
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		 127.10M 127.11M 127.26M 127.37M 127.40M 127.51M 127.75M 146.21M 146.10M 146.14M 146.31M
Normalized Net Operating Profit after Tax (NOPAT)		 39 31 30 6.28 34 35 44 38 32 - 51
Normalized NOPAT Margin		 28.16% 22.79% 22.79% 6.41% 24.19% 22.66% 28.38% 25.56% 18.85% - 29.14%
Pre Tax Income Margin		 36.40% 27.20% 28.77% 6.06% 31.26% 27.47% 36.19% 29.32% 2.06% - 38.08%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 1.17 0.72 0.66 0.10 0.72 0.75 1.07 0.85 0.06 - 1.13
NOPAT to Interest Expense		 0.91 0.57 0.51 0.08 0.56 0.58 0.82 0.65 0.05 - 0.86
EBIT Less CapEx to Interest Expense		 1.17 0.72 0.66 0.10 0.72 0.75 1.04 0.78 0.00 - 1.06
NOPAT Less CapEx to Interest Expense		 0.91 0.57 0.51 0.08 0.56 0.58 0.79 0.58 -0.01 - 0.78
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 72.30% 75.33% 77.96% 99.59% 105.43% 101.57% 88.97% 71.19% 93.81% - 85.51%
Augmented Payout Ratio		 72.30% 75.33% 77.96% 99.59% 105.43% 101.57% 88.97% 71.19% 93.81% - 85.51%

Financials Breakdown Chart

Key Financial Trends

Northwest Bancshares (NWBI) has shown several notable trends in its 2025 quarterly results compared with 2024, including stronger net interest income and higher total revenue, along with loan and deposit growth. However, the company also faced meaningful cash flow challenges in the latest quarter due to investing activities and higher non-interest expenses. Below is a concise, data-backed look at the four-year trend and key near-term implications for investors.

  • Net Interest Income rose to about $142.2 million in Q4 2025, up roughly 25% from about $114.2 million in Q4 2024.
  • Total Revenue increased to about $179.9 million in Q4 2025 from about $154.3 million in Q4 2024 (growth of around 16%).
  • Loans and Leases, net of allowance grew to about $12.78 billion in 2025 (Q3/Q4 level), reflecting solid portfolio growth versus prior years.
  • Interest Bearing Deposits expanded to about $10.63 billion in Q4 2025 (vs roughly $9.04 billion in Q4 2024), and Non-Interest Bearing Deposits remained robust at about $3.09 billion, supporting funding diversity.
  • Consolidated Net Income increased to about $45.7 million in Q4 2025 from about $32.7 million in Q4 2024, signaling improved profitability at the end of the year.
  • Total Common Equity stood near $1.86 billion in late-2025, indicating a solid capital base to support balance sheet growth.
  • Cash dividends per share remained at $0.20, continuing a stable capital return pattern for shareholders.
  • Total Non-Interest Income remained a meaningful contributor with modest shifts year-over-year (for example, quarterly Non-Interest Income in Q4 2025 was around the upper $30 millions, with some quarterly variability).
  • Diluted earnings per share and per-share metrics stayed broadly in line with recent quarters, reflecting ongoing earnings quality despite margin and expense pressures.
  • Balance sheet size and funding sources show a gradual expansion (Total Assets around the mid-to-high single-digit billions over 2023–2025), suggesting ongoing growth albeit with higher absolute balances to manage.
  • Cash flow from investing activities was very negative in Q4 2025 (Net Cash From Continuing Investing Activities around -$362.6 million), driven by sizable purchases of investment securities, which weighed on overall cash flow.
  • Net Change in Cash & Equivalents in Q4 2025 was negative (about -$45.2 million), despite earnings growth, highlighting near-term liquidity considerations tied to investing/ financing activities.
  • Non-Interest Expense rose in Q4 2025 (about $113.5 million) vs. prior-year periods, showing expense pressure even as revenue and net interest income grew.

Bottom line for investors: NWBI demonstrated meaningful earnings and revenue growth in 2025, supported by stronger net interest income, loan portfolio growth, and a steady funding base. However, the quarter also highlighted cash-flow headwinds from investing activities and higher non-interest expenses, which may temper near-term profitability and liquidity metrics. If Northwest can moderate investing cash outflows or continue to grow deposits and loan yields, it could translate into improved cash flow and earnings under a more normalized capital cycle.

05/14/26 06:13 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' fiscal year ends in December. Their fiscal 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. See where experts think Northwest Bancshares is headed by visiting Northwest Bancshares' forecast page.

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 5/8/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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