Northwest Bancshares, Inc. (NWBI) 10-Year Financial Performance & Capital Metrics

NWBI • • Banking & Credit

Financial ServicesRegional BanksCommunity & Regional Retail BankingMidwest Community 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 $434M +0.2%
Total Revenue $754M +7.7%
Net Income $100M -25.7%
Return on Equity 6.37% -28.2%
Net Interest Margin 3.01% +0.3%
Efficiency Ratio 48.59% -2.8%
ROA 0.7% -26.5%
Equity / Assets 11.08% +3.0%
Book Value per Share 12.58 +3.0%
Tangible BV/Share 9.56 +4.2%
Debt/Equity 0.28 -32.8%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong Piotroski F-Score: 7/9
✓Efficient operations: 48.6% efficiency ratio
✓Well capitalized: 11.1% equity/assets
✓Trading at only 1.0x book value

✗Weaknesses

✗Dividend payout exceeds 100% of earnings

Price & Volume

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Growth Metrics

Revenue CAGR

10Y7.29%

5Y7.96%

3Y12.18%

TTM-

Profit (Net Income) CAGR

10Y4.93%

5Y-1.91%

3Y-13.39%

TTM17.1%

EPS CAGR

10Y1.66%

5Y-5.35%

3Y-13.25%

TTM15.79%

ROCE

10Y Avg7.3%

5Y Avg7.65%

3Y Avg7.92%

Latest6.35%

Peer Comparison

Midwest Community Banks

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
TFSLTFS Financial Corporation	3.97B	14.13	44.16	4.37%	11.49%	4.41%	1.15%	2.57
ASBAssociated Banc-Corp	4.43B	26.70	37.08	4.42%	5.85%	3.62%	12.08%	0.69
ASBAAssociated Banc-Corp	4.11B	24.78	30.98	-6.56%	12.92%	3.77%	13.02%	0.17
BANFBancFirst Corporation	3.81B	114.30	17.75	12.28%	23.81%	13.33%	5.89%	0.05
SYBTStock Yards Bancorp, Inc.	2.03B	68.83	17.69	15.84%	22.86%	12.99%	6.56%	0.53
PRKPark National Corporation	2.63B	163.76	17.57	14.4%	23.46%	13.22%	6.44%	0.24
NICNicolet Bankshares, Inc.	1.97B	133.08	16.53	24.6%	23.88%	11.4%	5.95%	0.14
LKFNLakeland Financial Corporation	1.52B	59.47	16.38	9.38%	21.74%	13.06%	6.18%

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Net Interest Income+	260.43M	305.96M	330.54M	338.19M	359.41M	390.75M	390.86M	419.95M	432.81M	433.69M
NII Growth %	0.05%	0.17%	0.08%	0.02%	0.06%	0.09%	0%	0.07%	0.03%	0%
Net Interest Margin %	-	-	-	-	-	-	-	-	-	-
Interest Income	316.75M	344.26M	358.61M	375.33M	416.32M	433.09M	418.1M	448.07M	585.05M	667.3M
Interest Expense	56.33M	38.3M	28.07M	37.14M	56.91M	42.34M	27.25M	28.12M	152.24M	233.62M
Loan Loss Provision	9.71M	13.54M	19.75M	20.33M	22.66M	83.97M	-15.79M	28.32M	22.87M	24.5M
Non-Interest Income+	68.42M	84.3M	107.88M	89.94M	97.9M	129.97M	116.04M	109.77M	115M	86.78M
Non-Interest Income %	-	-	-	-	-	-	-	-	-	-
Total Revenue+	385.17M	428.56M	466.49M	465.27M	514.23M	563.06M	534.14M	557.84M	700.05M	754.09M
Revenue Growth %	0.03%	0.11%	0.09%	-0%	0.11%	0.09%	-0.05%	0.04%	0.25%	0.08%
Non-Interest Expense	230.63M	305.41M	282.75M	273.89M	293.54M	344.22M	320.35M	327.71M	349.86M	366.42M
Efficiency Ratio	-	-	-	-	-	-	-	-	-	-
Operating Income+	88.5M	71.31M	135.91M	133.91M	141.11M	92.53M	201.12M	173.69M	175.08M	129.55M
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	0.06%	-0.19%	0.91%	-0.01%	0.05%	-0.34%	1.17%	-0.14%	0.01%	-0.26%
Pretax Income+	88.5M	71.31M	135.91M	133.91M	141.11M	92.53M	201.12M	173.69M	175.08M	129.55M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	27.96M	21.65M	41.44M	28.42M	30.68M	17.67M	46.8M	40.03M	40.12M	29.27M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	60.54M	49.67M	94.47M	105.49M	110.43M	74.85M	154.32M	133.67M	134.96M	100.28M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	-0.02%	-0.18%	0.9%	0.12%	0.05%	-0.32%	1.06%	-0.13%	0.01%	-0.26%
Net Income (Continuing)	60.54M	49.67M	94.47M	105.49M	110.43M	74.85M	154.32M	133.67M	134.96M	100.28M
EPS (Diluted)+	0.64	0.49	0.92	1.02	1.04	0.62	1.21	1.05	1.06	0.79
EPS Growth %	-0.04%	-0.23%	0.88%	0.11%	0.02%	-0.4%	0.95%	-0.13%	0.01%	-0.25%
EPS (Basic)	0.64	0.50	0.94	1.03	1.05	0.62	1.22	1.05	1.06	0.79
Diluted Shares Outstanding	94.83M	100.67M	102.56M	103.57M	105.84M	120.24M	127.01M	126.72M	126.99M	126.93M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash & Short Term Investments+	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Cash & Due from Banks	166.77M	389.87M	77.71M	68.79M	60.85M	736.28M	1.28B	139.37M	122.26M	288.38M
Short Term Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Total Investments+	8.07B	8.5B	8.56B	8.82B	9.59B	12.02B	12.23B	12.9B	13.15B	13B
Investments Growth %	0.16%	0.05%	0.01%	0.03%	0.09%	0.25%	0.02%	0.05%	0.02%	-0.01%
Long-Term Investments	7.19B	7.67B	7.77B	8.02B	8.77B	10.63B	10.68B	11.68B	12.1B	11.89B
Accounts Receivables	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Goodwill & Intangibles+	-	-	-	-	-	-	-	-	-	-
Goodwill	261.74M	307.42M	307.42M	307.42M	346.1M	382.28M	381M	381M	381M	381M
Intangible Assets	8.98M	32.43M	25.67M	19.82M	23.08M	19.94M	12.84M	8.56M	5.29M	2.84M
PP&E (Net)	154.35M	161.19M	151.94M	143.39M	147.41M	161.54M	156.52M	145.91M	138.84M	124.25M
Other Assets	273.44M	215.92M	219.01M	223.42M	302.05M	446.43M	415.4M	501.19M	576.6M	566.35M
Total Current Assets	1.06B	1.24B	893.6M	894.73M	906.5M	2.17B	2.85B	1.39B	1.21B	1.44B
Total Non-Current Assets	7.89B	8.39B	8.47B	8.71B	9.59B	11.64B	11.65B	12.72B	13.21B	12.96B
Total Assets+	8.95B	9.62B	9.36B	9.61B	10.49B	13.81B	14.5B	14.11B	14.42B	14.41B
Asset Growth %	0.15%	0.08%	-0.03%	0.03%	0.09%	0.32%	0.05%	-0.03%	0.02%	-0%
Return on Assets (ROA)	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%
Accounts Payable	1.99M	635K	460K	744K	1.14M	2.05M	1.8M	3.23M	13.67M	6.93M
Total Debt+	1.09B	254.11M	219.45M	345.6M	368.14M	411.84M	391.72M	924.32M	642.66M	444.7M
Net Debt	919.45M	-135.75M	141.74M	276.81M	307.29M	-324.44M	-887.54M	784.96M	520.4M	156.32M
Long-Term Debt	967.56M	111.21M	111.21M	111.21M	275.4M	274.18M	252.63M	243.15M	243.76M	244.37M
Short-Term Debt	118.66M	142.9M	108.24M	234.39M	92.74M	137.66M	139.09M	681.17M	398.89M	200.33M
Other Liabilities	87.94M	315.91M	109.31M	109.61M	179.34M	254.44M	223.25M	229.74M	231.56M	215.18M
Total Current Liabilities	6.73B	8.03B	7.94B	8.13B	8.69B	11.74B	12.44B	12.15B	12.39B	12.35B
Total Non-Current Liabilities	1.06B	427.12M	220.52M	220.82M	454.74M	528.62M	475.88M	472.89M	475.32M	459.55M
Total Liabilities	7.79B	8.45B	8.16B	8.35B	9.14B	12.27B	12.92B	12.62B	12.87B	12.81B
Total Equity+	1.16B	1.17B	1.21B	1.26B	1.35B	1.54B	1.58B	1.49B	1.55B	1.6B
Equity Growth %	0.09%	0.01%	0.03%	0.04%	0.08%	0.14%	0.03%	-0.06%	0.04%	0.03%
Equity / Assets (Capital Ratio)	-	-	-	-	-	-	-	-	-	-
Return on Equity (ROE)	0.05%	0.04%	0.08%	0.09%	0.08%	0.05%	0.1%	0.09%	0.09%	0.06%
Book Value per Share	12.27	11.63	11.78	12.14	12.79	12.80	12.47	11.77	12.22	12.58
Tangible BV per Share	-	-	-	-	-	-	-	-	-	-
Common Stock	1.02M	1.02M	1.03M	1.03M	1.07M	1.27M	1.27M	1.27M	1.27M	1.27M
Additional Paid-in Capital	717.6M	718.83M	730.72M	745.93M	805.75M	1.02B	1.01B	1.02B	1.02B	1.03B
Retained Earnings	489.29M	478.8M	508.06M	550.37M	583.41M	555.48M	609.53M	641.73M	674.69M	673.11M
Accumulated OCI	-24.54M	-27.99M	-32.08M	-39.7M	-36.94M	-33.55M	-37.63M	-171.16M	-149.49M	-110.91M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Preferred Stock	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	113.2M	135.71M	151.8M	138.91M	127.46M	140.44M	205.46M	175.43M	92.89M	127.67M
Operating CF Growth %	0.25%	0.2%	0.12%	-0.08%	-0.08%	0.1%	0.46%	-0.15%	-0.47%	0.37%
Net Income	60.54M	49.67M	94.47M	105.49M	110.43M	74.85M	154.32M	133.67M	134.96M	100.28M
Depreciation & Amortization	8.96M	15.42M	14.29M	8.12M	3.82M	4.74M	6.63M	6.45M	24.5M	21.34M
Deferred Taxes	6.29M	2.73M	11.32M	-2.77M	2.78M	-8.08M	12.31M	-5.5M	-4.92M	2.8M
Other Non-Cash Items	12.87M	27.41M	12.23M	28.6M	15.67M	33.77M	1.26M	50.72M	29.82M	-8.84M
Working Capital Changes	18.97M	29.56M	14.6M	-7.56M	-12.08M	30.92M	26.19M	-13.98M	-96.04M	6M
Cash from Investing+	-88.81M	1.15B	-104.04M	-281.91M	-300.59M	-560.58M	-232.97M	-917.42M	-239.68M	174.97M
Purchase of Investments	-59.98M	-238.67M	-241.91M	-228.18M	-200.2M	-995.12M	-1.36B	-315.07M	-23.5M	-437.5M
Sale/Maturity of Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Net Investment Activity	-	-	-	-	-	-	-	-	-	-
Acquisitions	-61.11M	1.1B	0	0	-28.78M	261.71M	28.24M	0	0	0
Other Investing	-308.29M	9.99M	-115.21M	-270.96M	-338.89M	-214.54M	539.82M	-930.4M	-477.86M	191.78M
Cash from Financing+	-97.69M	-1.06B	-359.92M	134.08M	165.19M	1.1B	570.49M	-397.9M	129.69M	-136.52M
Dividends Paid	-52.83M	-60.16M	-65.21M	-69.92M	-76.17M	-93.13M	-100.27M	-101.47M	-101.67M	-101.85M
Share Repurchases	-7.85M	-1.75M	0	0	0	-9.28M	-23.85M	-5.17M	0	0
Stock Issued	0	0	0	0	0	0	0	5.17M	630K	2.46M
Net Stock Activity	-	-	-	-	-	-	-	-	-	-
Debt Issuance (Net)	1000K	-1000K	-1000K	1000K	1000K	-1000K	-1000K	1000K	-1000K	-1000K
Other Financing	-52.63M	-145.31M	-260.04M	77.85M	229.41M	1.39B	715.29M	-833.59M	512.99M	161.44M
Net Change in Cash+	-73.3M	222.46M	-312.16M	-8.92M	-7.94M	675.43M	542.98M	-1.14B	-17.11M	166.12M
Exchange Rate Effect	0	0	0	0	0	0	0	0	0	0
Cash at Beginning	240.71M	167.41M	389.87M	77.71M	68.79M	60.85M	736.28M	1.28B	139.37M	122.26M
Cash at End	167.41M	389.87M	77.71M	68.79M	60.85M	736.28M	1.28B	139.37M	122.26M	288.38M
Interest Paid	55.27M	39.65M	28.25M	36.86M	54.28M	0	27.5M	26.69M	141.8M	240.35M
Income Taxes Paid	16.72M	9.71M	32.27M	25.85M	29.28M	29.77M	33.58M	39.37M	48M	27.79M
Free Cash Flow+	99.98M	120.48M	148.08M	133.68M	116.56M	128.18M	187.94M	171.11M	84.33M	125.36M
FCF Growth %	0.24%	0.21%	0.23%	-0.1%	-0.13%	0.1%	0.47%	-0.09%	-0.51%	0.49%

Banking Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	5.44%	4.26%	7.94%	8.56%	8.46%	5.18%	9.89%	8.69%	8.87%	6.37%
Return on Assets (ROA)	0.72%	0.53%	1%	1.11%	1.1%	0.62%	1.09%	0.93%	0.95%	0.7%
Net Interest Margin	2.91%	3.18%	3.53%	3.52%	3.42%	2.83%	2.7%	2.98%	3%	3.01%
Efficiency Ratio	59.88%	71.26%	60.61%	58.87%	57.08%	61.13%	59.98%	58.75%	49.98%	48.59%
Equity / Assets	12.99%	12.16%	12.9%	13.09%	12.9%	11.14%	10.92%	10.57%	10.76%	11.08%
Book Value / Share	12.27	11.63	11.78	12.14	12.79	12.8	12.47	11.77	12.22	12.58
NII Growth	5.42%	17.49%	8.03%	2.32%	6.27%	8.72%	0.03%	7.44%	3.06%	0.2%
Dividend Payout	87.26%	121.12%	69.03%	66.28%	68.98%	124.42%	64.98%	75.91%	75.33%	101.57%

Revenue by Segment

	2012	2024
Banking	-	756.21M
Banking Growth	-	-
Community Banking	2.96M	-
Community Banking Growth	-	-
All Others	-2.96M	-
All Others Growth	-	-

Frequently Asked Questions

Valuation & Price

Northwest Bancshares, Inc. (NWBI) has a price-to-earnings (P/E) ratio of 15.7x. This is roughly in line with market averages.

Growth & Financials

Northwest Bancshares, Inc. (NWBI) grew revenue by 7.7% over the past year. This is steady growth.

Yes, Northwest Bancshares, Inc. (NWBI) is profitable, generating $113.0M in net income for fiscal year 2024 (13.3% net margin).

Dividend & Returns

Yes, Northwest Bancshares, Inc. (NWBI) pays a dividend with a yield of 6.48%. This makes it attractive for income-focused investors.

Northwest Bancshares, Inc. (NWBI) has a return on equity (ROE) of 6.4%. This is below average, suggesting room for improvement.

Industry Metrics

Northwest Bancshares, Inc. (NWBI) has a net interest margin (NIM) of 3.0%. This indicates healthy earnings from lending activities.

Northwest Bancshares, Inc. (NWBI) has an efficiency ratio of 48.6%. This is excellent, indicating strong cost control.

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