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NWBI logoNorthwest Bancshares, Inc.(NWBI)Earnings, Financials & Key Ratios

NWBI•NASDAQ•Banking & Credit
$14.03
$2.05B mkt cap·15.3× P/E·Price updated May 6, 2026
SectorFinancial ServicesIndustryRegional BanksSub-IndustryCommercial and middle-market focused banks
AboutNorthwest Bancshares, Inc. operates as the holding company for Northwest Bank, a state-chartered savings bank that provides personal and business banking solutions. The company accepts various deposits, including checking, savings, money market deposit, term certificate, and individual retirement accounts. It also offers loan products comprising one-to-four-family residential real estate loans and loans collateralized by multi-family residential and commercial real estate; commercial business loans; and consumer loans, including automobile loans, sales finance loans, unsecured personal loans, credit card loans, and loans secured by deposit accounts. The company also offers investment management and trust services. As of December 31, 2021, it operated 170 community-banking locations in Pennsylvania, Western New York, Eastern Ohio, and Indiana. Northwest Bancshares, Inc. was founded in 1896 and is headquartered in Columbus, Ohio.Show more
  • Net Interest Income$524M+20.8%
  • Total Revenue$877M+16.3%
  • Net Income$126M+25.7%
  • Return on Equity7.23%+13.4%
  • Net Interest Margin3.13%+3.8%
  • Efficiency Ratio49.53%+1.9%
  • ROA0.81%+16.2%
  • Equity / Assets11.27%+1.7%
  • Book Value per Share12.89+2.4%
  • Tangible BV/Share9.59+0.3%
  • Debt/Equity0.24-15.2%
Technical→

NWBI Key Insights

Northwest Bancshares, Inc. (NWBI) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

  • ✓Strong Piotroski F-Score: 7/9
  • ✓Efficient operations: 49.5% efficiency ratio
  • ✓Well capitalized: 11.3% equity/assets
  • ✓Healthy dividend yield of 5.3%
  • ✓Trading near 52-week high
  • ✓Trading at only 1.1x book value

✗Weaknesses

  • ✗Shares diluted 15.6% in last year

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

NWBI Price & Volume

Northwest Bancshares, Inc. (NWBI) stock price & volume — 10-year historical chart

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NWBI Growth Metrics

Northwest Bancshares, Inc. (NWBI) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years8.58%
5 Years9.27%
3 Years16.28%
TTM-

Profit CAGR

10 Years7.61%
5 Years10.98%
3 Years-1.95%
TTM25.66%

EPS CAGR

10 Years3.7%
5 Years8.21%
3 Years-4.31%
TTM18.03%

Return on Capital

10 Years7.55%
5 Years8.05%
3 Years7.29%
Last Year6.75%

NWBI Recent Earnings

Northwest Bancshares, Inc. (NWBI) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 8/12 qtrs (67%)●Beat Revenue 10/12 qtrs (83%)
Q2 2026Latest
Apr 27, 2026
EPS
$0.35
Est $0.30
+16.7%
Revenue
$175M
Est $173M
+0.9%
Q1 2026
Jan 26, 2026
EPS
$0.33
Est $0.31
+6.5%
Revenue
$180M
Est $174M
+3.3%
Q4 2025
Oct 27, 2025
EPS
$0.29
Est $0.30
-2.8%
Revenue
$167M
Est $166M
+0.9%
Q3 2025
Jul 29, 2025
EPS
$0.30
Est $0.28
+7.1%
Revenue
$150M
Est $166M
-9.7%
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestApr 27, 2026
$0.35vs $0.30+16.7%
$175Mvs $173M+0.9%
Q1 2026Jan 26, 2026
$0.33vs $0.31+6.5%
$180Mvs $174M+3.3%
Q4 2025Oct 27, 2025
$0.29vs $0.30-2.8%
$167Mvs $166M+0.9%
Q3 2025Jul 29, 2025
$0.30vs $0.28+7.1%
$150Mvs $166M-9.7%
Based on last 12 quarters of dataView full earnings history →

NWBI Peer Comparison

Northwest Bancshares, Inc. (NWBI) competitors in Commercial and middle-market focused banks — business model, growth, and fundamentals comparison

Select Columns
Stock Universe
Valuation
Growth
Profitability
Financial Health
Dividends & Buybacks
Price Performance
Technical
Fundamentals ($)
Sector-Specific
CompanyMarket CapStock PriceP/E Ratio (TTM)Revenue Growth 1YNet MarginReturn on Equity (ROE)FCF YieldDebt / Equity
FULT logoFULTFulton Financial CorporationDirect Competitor4.15B21.5810.385.03%20.71%11.6%6.85%0.37
NBTB logoNBTBNBT Bancorp Inc.Direct Competitor2.33B44.6913.4210.36%19.51%9.51%9.38%0.17
TRMK logoTRMKTrustmark CorporationDirect Competitor2.64B44.7612.1034.75%20.01%10.77%8.8%0.53
WSBC logoWSBCWesBanco, Inc.Direct Competitor3.28B34.1315.1051.41%15.55%5.67%8.54%0.41
CNOB logoCNOBConnectOne Bancorp, Inc.Direct Competitor1.51B30.0820.3213.44%13.26%5.49%6.68%0.74
CHMG logoCHMGChemung Financial CorporationProduct Competitor323.98M67.3721.52-6.46%10.79%6.27%0.63%0.02
CZWI logoCZWICitizens Community Bancorp, Inc.Product Competitor203.55M21.1414.48-9.41%16.01%7.81%5.1%0.28
FUNC logoFUNCFirst United CorporationProduct Competitor242.98M37.4011.8716.94%18.4%12.52%8.38%1.05

Compare NWBI vs Peers

Northwest Bancshares, Inc. (NWBI) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs FULT

Most directly comparable listed peer for NWBI.

Scale Benchmark

vs V

Larger-name benchmark to compare NWBI against a more recognizable public peer.

Peer Set

Compare Top 5

vs FULT, NBTB, TRMK, WSBC

NWBI Income Statement

Northwest Bancshares, Inc. (NWBI) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily
Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Net Interest Income330.54M338.19M359.41M390.75M390.86M419.95M432.81M433.69M524.07M
NII Growth %8.03%2.32%6.27%8.72%0.03%7.44%3.06%0.2%20.84%
Net Interest Margin %3.53%3.52%3.42%2.83%2.7%2.98%3%3.01%3.13%
Interest Income358.61M375.33M416.32M433.09M418.1M448.07M585.05M667.3M748.33M
Interest Expense28.07M37.14M56.91M42.34M27.25M28.12M152.24M233.62M224.27M
Loan Loss Provision19.75M20.33M22.66M83.97M-15.79M28.32M22.87M24.5M53.6M
Non-Interest Income107.88M89.94M97.9M129.97M116.04M109.77M115M86.78M128.66M
Non-Interest Income %23.13%19.33%19.04%23.08%21.72%19.68%16.43%11.51%14.67%
Total Revenue
466.49M▲ 0%
465.27M▼ 0.3%
514.23M▲ 10.5%
563.06M▲ 9.5%
534.14M▼ 5.1%
557.84M▲ 4.4%
700.05M▲ 25.5%
754.09M▲ 7.7%
876.99M▲ 16.3%
Revenue Growth %8.85%-0.26%10.52%9.5%-5.14%4.44%25.49%7.72%16.3%
Non-Interest Expense282.75M273.89M293.54M344.22M320.35M327.71M349.86M366.42M434.35M
Efficiency Ratio60.61%58.87%57.08%61.13%59.98%58.75%49.98%48.59%49.53%
Operating Income
135.91M▲ 0%
133.91M▼ 1.5%
141.11M▲ 5.4%
92.53M▼ 34.4%
201.12M▲ 117.4%
173.69M▼ 13.6%
175.08M▲ 0.8%
129.55M▼ 26.0%
164.77M▲ 27.2%
Operating Margin %29.14%28.78%27.44%16.43%37.65%31.14%25.01%17.18%18.79%
Operating Income Growth %90.58%-1.47%5.38%-34.43%117.37%-13.64%0.8%-26.01%27.19%
Pretax Income
135.91M▲ 0%
133.91M▼ 1.5%
141.11M▲ 5.4%
92.53M▼ 34.4%
201.12M▲ 117.4%
173.69M▼ 13.6%
175.08M▲ 0.8%
129.55M▼ 26.0%
164.77M▲ 27.2%
Pretax Margin %29.14%28.78%27.44%16.43%37.65%31.14%25.01%17.18%18.79%
Income Tax41.44M28.42M30.68M17.67M46.8M40.03M40.12M29.27M38.76M
Effective Tax Rate %30.49%21.22%21.74%19.1%23.27%23.04%22.92%22.59%23.52%
Net Income
94.47M▲ 0%
105.49M▲ 11.7%
110.43M▲ 4.7%
74.85M▼ 32.2%
154.32M▲ 106.2%
133.67M▼ 13.4%
134.96M▲ 1.0%
100.28M▼ 25.7%
126.01M▲ 25.7%
Net Margin %20.25%22.67%21.48%13.29%28.89%23.96%19.28%13.3%14.37%
Net Income Growth %90.2%11.67%4.68%-32.22%106.17%-13.39%0.97%-25.7%25.66%
Net Income (Continuing)94.47M105.49M110.43M74.85M154.32M133.67M134.96M100.28M126.01M
EPS (Diluted)
0.92▲ 0%
1.02▲ 10.9%
1.04▲ 2.0%
0.62▼ 40.4%
1.21▲ 95.2%
1.05▼ 13.2%
1.06▲ 1.0%
0.79▼ 25.5%
0.92▲ 16.5%
EPS Growth %87.76%10.87%1.96%-40.38%95.16%-13.22%0.95%-25.47%16.46%
EPS (Basic)0.941.031.050.621.221.051.060.790.93
Diluted Shares Outstanding102.56M103.57M105.84M120.24M127.01M126.72M126.99M126.93M146.7M

NWBI Balance Sheet

Northwest Bancshares, Inc. (NWBI) balance sheet — assets, liabilities & shareholders' equity

Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Cash & Short Term Investments870.25M870.24M880.75M2.14B2.83B1.36B1.17B1.4B1.82B
Cash & Due from Banks77.71M68.79M60.85M736.28M1.28B139.37M122.26M288.38M233.65M
Short Term Investments792.53M801.45M819.9M1.4B1.55B1.22B1.04B1.11B1.59B
Total Investments8.56B8.82B9.59B12.02B12.23B12.9B13.15B13B14.59B
Investments Growth %0.75%3.06%8.71%25.4%1.72%5.49%1.91%-1.13%12.27%
Long-Term Investments7.77B8.02B8.77B10.63B10.68B11.68B12.1B11.89B13.01B
Accounts Receivables23.35M24.49M25.75M35.55M25.6M35.53M47.35M46.36M56.29M
Goodwill & Intangibles333.09M327.24M369.18M402.21M393.83M389.56M386.29M383.83M484M
Goodwill307.42M307.42M346.1M382.28M381M381M381M381M444.33M
Intangible Assets25.67M19.82M23.08M19.94M12.84M8.56M5.29M2.84M39.67M
PP&E (Net)151.94M143.39M147.41M161.54M156.52M145.91M138.84M124.25M140.38M
Other Assets219.01M223.42M302.05M446.43M415.4M501.19M576.6M566.35M1.26B
Total Current Assets893.6M894.73M906.5M2.17B2.85B1.39B1.21B1.44B1.88B
Total Non-Current Assets8.47B8.71B9.59B11.64B11.65B12.72B13.21B12.96B14.89B
Total Assets
9.36B▲ 0%
9.61B▲ 2.6%
10.49B▲ 9.2%
13.81B▲ 31.6%
14.5B▲ 5.0%
14.11B▼ 2.7%
14.42B▲ 2.2%
14.41B▼ 0.1%
16.77B▲ 16.4%
Asset Growth %-2.7%2.6%9.22%31.56%5.04%-2.68%2.17%-0.08%16.37%
Return on Assets (ROA)1%1.11%1.1%0.62%1.09%0.93%0.95%0.7%0.81%
Accounts Payable460K744K1.14M2.05M1.8M3.23M13.67M6.93M6.85M
Total Debt219.45M345.6M368.14M411.84M391.72M924.32M642.66M444.7M446.28M
Net Debt141.74M276.81M307.29M-324.44M-887.54M784.96M520.4M156.32M212.64M
Long-Term Debt111.21M111.21M275.4M274.18M252.63M243.15M243.76M244.37M446.28M
Short-Term Debt108.24M234.39M92.74M137.66M139.09M681.17M398.89M200.33M0
Other Liabilities109.31M109.61M179.34M254.44M223.25M229.74M231.56M215.18M486.89M
Total Current Liabilities7.94B8.13B8.69B11.74B12.44B12.15B12.39B12.35B13.94B
Total Non-Current Liabilities220.52M220.82M454.74M528.62M475.88M472.89M475.32M459.55M933.18M
Total Liabilities8.16B8.35B9.14B12.27B12.92B12.62B12.87B12.81B14.88B
Total Equity
1.21B▲ 0%
1.26B▲ 4.1%
1.35B▲ 7.6%
1.54B▲ 13.7%
1.58B▲ 2.9%
1.49B▼ 5.8%
1.55B▲ 4.0%
1.6B▲ 2.9%
1.89B▲ 18.4%
Equity Growth %3.17%4.13%7.61%13.7%2.92%-5.82%4.01%2.94%18.38%
Equity / Assets (Capital Ratio)12.9%13.09%12.9%11.14%10.92%10.57%10.76%11.08%11.27%
Return on Equity (ROE)7.94%8.56%8.46%5.18%9.89%8.69%8.87%6.37%7.23%
Book Value per Share11.7812.1412.7912.8012.4711.7712.2212.5812.89
Tangible BV per Share8.538.989.309.459.378.709.179.569.59
Common Stock1.03M1.03M1.07M1.27M1.27M1.27M1.27M1.27M1.46M
Additional Paid-in Capital730.72M745.93M805.75M1.02B1.01B1.02B1.02B1.03B1.27B
Retained Earnings508.06M550.37M583.41M555.48M609.53M641.73M674.69M673.11M689.21M
Accumulated OCI-32.08M-39.7M-36.94M-33.55M-37.63M-171.16M-149.49M-110.91M-70.69M
Treasury Stock000000000
Preferred Stock000000000

NWBI Cash Flow Statement

Northwest Bancshares, Inc. (NWBI) cash flow — operating, investing & free cash flow history

Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Cash from Operations151.8M138.91M127.46M140.44M205.46M175.43M92.89M127.67M153.41M
Operating CF Growth %11.85%-8.49%-8.24%10.18%46.3%-14.61%-47.05%37.44%20.17%
Net Income94.47M105.49M110.43M74.85M154.32M133.67M134.96M100.28M126.01M
Depreciation & Amortization14.29M8.12M3.82M4.74M6.63M6.45M24.5M21.34M136K
Deferred Taxes11.32M-2.77M2.78M-8.08M12.31M-5.5M-4.92M2.8M-6.42M
Other Non-Cash Items12.23M28.6M15.67M33.77M1.26M50.72M29.82M-8.84M46.18M
Working Capital Changes14.6M-7.56M-12.08M30.92M26.19M-13.98M-96.04M6M-18.61M
Cash from Investing-104.04M-281.91M-300.59M-560.58M-232.97M-917.42M-239.68M174.97M-127.35M
Purchase of Investments-241.91M-228.18M-200.2M-995.12M-1.36B-315.07M-23.5M-437.5M-495.73M
Sale/Maturity of Investments256.8M222.46M278.18M399.63M580.45M330.43M270.24M423M292.06M
Net Investment Activity14.89M-5.72M77.97M-595.49M-783.51M15.36M246.74M-14.5M-203.68M
Acquisitions00-28.78M261.71M28.24M00030.9M
Other Investing-115.21M-270.96M-338.89M-214.54M539.82M-928.46M-477.86M191.78M57.06M
Cash from Financing-359.92M134.08M165.19M1.1B570.49M-397.9M129.69M-136.52M-80.79M
Dividends Paid-65.21M-69.92M-76.17M-93.13M-100.27M-101.47M-101.67M-101.85M-109.91M
Share Repurchases000-9.28M-23.85M0000
Stock Issued000000630K2.46M930K
Net Stock Activity000-9.28M-23.85M0630K2.46M930K
Debt Issuance (Net)-1000K1000K1000K-1000K-1000K1000K-1000K-1000K-1000K
Other Financing-260.04M77.85M229.41M1.39B715.29M-828.41M512.99M161.44M176.12M
Net Change in Cash
-312.16M▲ 0%
-8.92M▲ 97.1%
-7.94M▲ 11.0%
675.43M▲ 8603.5%
542.98M▼ 19.6%
-1.14B▼ 309.9%
-17.11M▲ 98.5%
166.12M▲ 1071.2%
-54.73M▼ 132.9%
Exchange Rate Effect000000000
Cash at Beginning389.87M77.71M68.79M60.85M736.28M1.28B139.37M122.26M288.38M
Cash at End77.71M68.79M60.85M736.28M1.28B139.37M122.26M288.38M233.65M
Interest Paid28.25M36.86M54.28M027.5M26.69M141.8M240.35M224.35M
Income Taxes Paid32.27M25.85M29.28M29.77M33.58M39.37M48M27.79M40.56M
Free Cash Flow
148.08M▲ 0%
133.68M▼ 9.7%
116.56M▼ 12.8%
128.18M▲ 10.0%
187.94M▲ 46.6%
171.11M▼ 9.0%
84.33M▼ 50.7%
125.36M▲ 48.7%
141.78M▲ 13.1%
FCF Growth %22.9%-9.73%-12.8%9.97%46.62%-8.95%-50.72%48.66%13.1%

NWBI Banking Ratios

Northwest Bancshares, Inc. (NWBI) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric2016201720182019202020212022202320242025
Return on Equity (ROE)4.26%7.94%8.56%8.46%5.18%9.89%8.69%8.87%6.37%7.23%
Return on Assets (ROA)0.53%1%1.11%1.1%0.62%1.09%0.93%0.95%0.7%0.81%
Net Interest Margin3.18%3.53%3.52%3.42%2.83%2.7%2.98%3%3.01%3.13%
Efficiency Ratio71.26%60.61%58.87%57.08%61.13%59.98%58.75%49.98%48.59%49.53%
Equity / Assets12.16%12.9%13.09%12.9%11.14%10.92%10.57%10.76%11.08%11.27%
Book Value / Share11.6311.7812.1412.7912.812.4711.7712.2212.5812.89
NII Growth17.49%8.03%2.32%6.27%8.72%0.03%7.44%3.06%0.2%20.84%
Dividend Payout121.12%69.03%66.28%68.98%124.42%64.98%75.91%75.33%101.57%87.22%

NWBI SEC Filings & Documents

Northwest Bancshares, Inc. (NWBI) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Apr 27, 2026·SEC

Material company update

Jan 26, 2026·SEC

Material company update

Oct 27, 2025·SEC

10-K Annual Reports

2
FY 2026

Feb 25, 2026·SEC

FY 2025

Feb 25, 2025·SEC

10-Q Quarterly Reports

6
FY 2025

Nov 10, 2025·SEC

FY 2025

Aug 5, 2025·SEC

FY 2025

May 6, 2025·SEC

NWBI Frequently Asked Questions

Northwest Bancshares, Inc. (NWBI) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

Northwest Bancshares, Inc. (NWBI) grew revenue by 16.3% over the past year. This is strong growth.

Yes, Northwest Bancshares, Inc. (NWBI) is profitable, generating $126.0M in net income for fiscal year 2025 (14.4% net margin).

Dividend & Returns

Yes, Northwest Bancshares, Inc. (NWBI) pays a dividend with a yield of 5.34%. This makes it attractive for income-focused investors.

Northwest Bancshares, Inc. (NWBI) has a return on equity (ROE) of 7.2%. This is below average, suggesting room for improvement.

Industry Metrics

Northwest Bancshares, Inc. (NWBI) has a net interest margin (NIM) of 3.1%. This indicates healthy earnings from lending activities.

Northwest Bancshares, Inc. (NWBI) has an efficiency ratio of 49.5%. This is excellent, indicating strong cost control.

Explore More NWBI

Northwest Bancshares, Inc. (NWBI) financial analysis — history, returns, DCA and operating performance tools

Total Return Calculator

Historical returns with dividends reinvested

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DCA Calculator

Dollar cost averaging vs lump sum

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Dividend History

Yield, growth, payout safety & DRIP

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Earnings History

EPS trends, net income & profitability

→

Price History

Long-term charts & historical price data

→

Revenue History

Sales growth patterns & revenue breakdown

→

Financial Ratios

30 years of market, efficiency and balance-sheet ratios

→

Valuation

DCF intrinsic value, peer multiples & estimates

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