Northwest Bancshares, Inc. (NWBI) Income Statement

30Y historyFree accessUpdated daily

NII accelerated 23.3% YoY to $146.9M, but a -$62.4M non-interest income swing drove the efficiency ratio to 52.1% and net income to $53.5M, flattered by a low base.

Annual statement

NWBI Income Statement

Northwest Bancshares, Inc. (NWBI) annual income statement — 30-year revenue, gross profit & net income history

Annual Quarterly

Metric	TTM	Dec'25	Dec'24	Dec'23	Dec'22	Dec'21	Dec'20	Dec'19	Dec'18	Dec'17	Dec'16	Dec'15	Dec'14	Dec'13	Dec'12	Dec'11	Dec'10	Dec'09	Dec'08	Dec'07	Dec'06	Jun'05	Jun'04	Jun'03	Jun'02	Jun'01	Jun'00	Jun'99	Jun'98	Jun'97	Jun'96

Net Interest Income	580.54M	524.07M	433.69M	432.81M	419.95M	390.86M	390.75M	359.41M	338.19M	330.54M	305.96M	260.43M	247.03M	251.56M	262.54M	266.43M	257.64M	228.66M	219.37M	185.02M	177.46M	183.78M	165.76M	140.51M	127.25M	112.11M	107.63M	91.68M	80.56M	72.1M	66.5M
NII Growth %	70.13%	20.84%	0.2%	3.06%	7.44%	0.03%	8.72%	6.27%	2.32%	8.03%	17.49%	5.42%	-1.8%	-4.18%	-1.46%	3.41%	12.68%	4.24%	18.57%	4.26%	-3.44%	10.87%	17.97%	10.42%	13.5%	4.17%	17.39%	13.81%	11.73%	8.42%	10.47%
Net Interest Margin %	3.35%	3.13%	3.01%	3%	2.98%	2.7%	2.83%	3.42%	3.52%	3.53%	3.18%	2.91%	3.18%	3.19%	3.31%	3.35%	3.16%	2.85%	3.17%	2.78%	2.72%	2.9%	2.61%	2.69%	2.96%	2.91%	3.16%	2.98%	3.14%	3.45%	3.54%
Interest Income	819.69M	748.33M	667.3M	585.05M	448.07M	418.1M	433.09M	416.32M	375.33M	358.61M	344.26M	316.75M	303.62M	312.73M	337.74M	359.23M	370.57M	364.46M	388.66M	396.03M	368.57M	321.82M	300.23M	282.52M	274.5M	269.43M	239.72M	206.59M	175.76M	153.5M	135.1M
Interest Expense	239.15M	224.27M	233.62M	152.24M	28.12M	27.25M	42.34M	56.91M	37.14M	28.07M	38.3M	56.33M	56.59M	61.16M	75.2M	92.8M	112.93M	135.81M	169.29M	211.01M	191.11M	138.05M	134.47M	142.01M	147.25M	157.32M	132.1M	114.91M	95.2M	81.4M	68.6M
Loan Loss Provision	25.86M	53.6M	24.5M	22.87M	28.32M	-15.79M	83.97M	22.66M	20.33M	19.75M	13.54M	9.71M	20.31M	18.52M	26.34M	34.17M	40.49M	41.85M	22.85M	8.74M	8.48M	9.57M	6.86M	8.45M	6.36M	5.35M	4.15M	3.63M	4.07M	2.5M	1.5M
Non-Interest Income	43.87M	128.66M	86.78M	115M	109.77M	116.04M	129.97M	97.9M	89.94M	107.88M	84.3M	68.42M	69.56M	66.85M	58.9M	58.98M	61.94M	55.93M	56.92M	43.02M	46.03M	32M	31.86M	27.03M	18.57M	15.05M	11.27M	6.01M	7.95M	6.7M	4.1M
Non-Interest Income %	7.03%	19.71%	16.67%	20.99%	20.72%	22.89%	24.96%	21.41%	21.01%	24.61%	21.6%	20.81%	21.97%	20.99%	18.32%	18.12%	19.38%	19.65%	20.6%	18.87%	20.59%	14.83%	16.12%	16.13%	12.74%	11.84%	9.48%	6.15%	8.98%	8.5%	5.81%
Total Net Revenue	624.4M	652.73M	520.47M	547.81M	529.72M	506.89M	520.72M	457.31M	428.13M	438.42M	390.26M	328.84M	316.6M	318.41M	321.45M	325.4M	319.58M	284.59M	276.29M	228.04M	223.49M	215.78M	197.63M	167.54M	145.82M	127.16M	118.9M	97.69M	88.51M	78.8M	70.6M
Revenue Growth %	-0.28%	25.41%	-4.99%	3.41%	4.5%	-2.66%	13.86%	6.82%	-2.35%	12.34%	18.68%	3.87%	-0.57%	-0.94%	-1.22%	1.82%	12.3%	3%	21.16%	2.04%	3.57%	9.19%	17.96%	14.9%	14.67%	6.95%	21.7%	10.38%	12.32%	11.61%	4.9%
Non-Interest Expense	400.86M	434.35M	366.42M	349.86M	327.71M	320.35M	344.22M	293.54M	273.89M	282.75M	305.41M	230.63M	212.52M	207.13M	205.48M	200.23M	198.05M	203.09M	188.3M	152.74M	143.68M	127.64M	128.27M	116.07M	92.07M	82.34M	73.63M	63.11M	50.12M	54.1M	40.8M
Efficiency Ratio	64.2%	66.54%	70.4%	63.86%	61.87%	63.2%	66.1%	64.19%	63.97%	64.49%	78.26%	70.13%	67.13%	65.05%	63.92%	61.53%	61.97%	71.36%	68.15%	66.98%	64.29%	59.15%	64.91%	69.28%	63.14%	64.75%	61.93%	64.6%	56.63%	68.65%	57.79%
Operating Income	197.67M	164.77M	129.55M	175.08M	173.69M	201.12M	92.53M	141.11M	133.91M	135.91M	71.31M	88.5M	83.76M	92.76M	89.63M	91.01M	81.05M	39.65M	65.14M	66.55M	71.33M	78.58M	62.49M	43.03M	47.39M	39.48M	41.11M	30.96M	34.32M	22.2M	28.3M
Operating Margin %	31.66%	25.24%	24.89%	31.96%	32.79%	39.68%	17.77%	30.86%	31.28%	31%	18.27%	26.91%	26.46%	29.13%	27.88%	27.97%	25.36%	13.93%	23.58%	29.19%	31.92%	36.41%	31.62%	25.68%	32.5%	31.04%	34.58%	31.69%	38.77%	28.17%	40.08%
Operating Income Growth %	-	27.19%	-26.01%	0.8%	-13.64%	117.37%	-34.43%	5.38%	-1.47%	90.58%	-19.42%	5.66%	-9.7%	3.49%	-1.51%	12.29%	104.39%	-39.13%	-2.12%	-6.69%	-9.22%	25.73%	45.25%	-9.2%	20.04%	-3.98%	32.81%	-9.79%	54.58%	-21.55%	6.79%
Pretax Income	264.37M	164.77M	129.55M	175.08M	173.69M	201.12M	92.53M	141.11M	133.91M	135.91M	71.31M	88.5M	83.76M	92.76M	89.63M	91.01M	81.05M	39.65M	65.14M	66.55M	71.33M	78.58M	62.49M	43.03M	47.39M	39.48M	41.11M	30.96M	34.32M	22.2M	28.3M
Pretax Margin %	42.34%	25.24%	24.89%	31.96%	32.79%	39.68%	17.77%	30.86%	31.28%	31%	18.27%	26.91%	26.46%	29.13%	27.88%	27.97%	25.36%	13.93%	23.58%	29.19%	31.92%	36.41%	31.62%	25.68%	32.5%	31.04%	34.58%	31.69%	38.77%	28.17%	40.08%
Income Tax	63.86M	38.76M	29.27M	40.12M	40.03M	46.8M	17.67M	30.68M	28.42M	41.44M	21.65M	27.96M	21.8M	26.2M	26.24M	26.86M	23.52M	7M	16.97M	17.46M	19.79M	22.77M	19.84M	16.96M	13.74M	12.7M	13.91M	10.91M	12.99M	8.5M	10.8M
Effective Tax Rate %	24.15%	23.52%	22.59%	22.92%	23.04%	23.27%	19.1%	21.74%	21.22%	30.49%	30.36%	31.59%	26.02%	28.24%	29.28%	29.51%	29.02%	17.65%	26.05%	26.23%	27.75%	28.98%	31.75%	39.42%	29%	32.17%	33.83%	35.26%	37.87%	38.29%	38.16%
Net Income	200.51M	126.01M	100.28M	134.96M	133.67M	154.32M	74.85M	110.43M	105.49M	94.47M	49.67M	60.54M	61.96M	66.56M	63.39M	64.15M	57.52M	32.65M	48.17M	49.1M	51.54M	55.8M	42.65M	26.06M	35.88M	26.78M	27.2M	20.04M	21.32M	13.7M	17.5M
Net Margin %	32.11%	19.31%	19.27%	24.64%	25.23%	30.44%	14.38%	24.15%	24.64%	21.55%	12.73%	18.41%	19.57%	20.9%	19.72%	19.71%	18%	11.47%	17.44%	21.53%	23.06%	25.86%	21.58%	15.56%	24.61%	21.06%	22.88%	20.52%	24.09%	17.39%	24.79%
Net Income Growth %	77.37%	25.66%	-25.7%	0.97%	-13.39%	106.17%	-32.22%	4.68%	11.67%	90.2%	-17.96%	-2.3%	-6.91%	5%	-1.19%	11.52%	76.16%	-32.21%	-1.89%	-4.73%	-7.65%	30.84%	63.64%	-27.36%	34%	-1.57%	35.73%	-6%	55.63%	-21.71%	7.36%
Net Income (Continuing)	200.51M	126.01M	100.28M	134.96M	133.67M	154.32M	74.85M	110.43M	105.49M	94.47M	49.67M	60.54M	61.96M	66.56M	63.39M	64.15M	57.52M	32.65M	48.17M	49.1M	51.54M	55.8M	42.65M	26.06M	33.65M	26.78M	27.2M	20.04M	21.32M	13.7M	17.5M
EPS (Diluted)	1.36	0.92	0.79	1.06	1.05	1.21	0.62	1.04	1.02	0.92	0.49	0.64	0.67	0.73	0.68	0.64	0.53	0.30	0.44	0.44	0.46	0.48	0.39	0.24	0.33	0.25	0.25	0.19	0.20	0.13	0.17
EPS Growth %	52.99%	16.46%	-25.47%	0.95%	-13.22%	95.16%	-40.38%	1.96%	10.87%	87.76%	-23.44%	-4.48%	-8.22%	7.35%	6.25%	20.75%	76.67%	-31.82%	0%	-4.35%	-4.17%	23.08%	62.5%	-27.27%	32%	0%	31.58%	-5%	53.85%	-23.53%	70%
EPS (Basic)	-	0.93	0.79	1.06	1.05	1.22	0.62	1.05	1.03	0.94	0.50	0.64	0.68	0.74	0.68	0.64	0.53	0.30	0.44	0.44	0.46	0.49	0.39	0.24	0.34	0.25	0.26	0.19	0.20	0.13	0.17
Diluted Shares Outstanding	147.46M	146.7M	126.93M	126.99M	126.72M	127.01M	120.24M	105.84M	103.57M	102.56M	100.67M	94.83M	92.28M	91.47M	94.2M	100.18M	108.93M	109.46M	109.35M	111.58M	112.58M	115.19M	110.3M	110.64M	107.65M	107.59M	107.38M	107.37M	106.61M	102.75M	103.62M

Key Metrics

Growth RegimeAccelerating

ProfitabilityModerate

Balance SheetHealthy

Cash FlowStable

Top Statement Risk

Fee income volatility and margin compression

Verified Source

Metrics are mathematically derived from official filings.

SEC 10-K (2026Q2)

NII Momentum Driven by Asset Repricing

Net interest income rose 23.3% YoY to $146.9M in Q2 2026, per NWBI's latest quarterly report, reflecting continued asset repricing benefits in a higher-rate environment.

The sequential growth from $142.5M in Q1 2026 to $146.9M in Q2 2026 indicates that the bank is still benefiting from the lagged repricing of its loan portfolio. However, the pace of growth may moderate as the rate cycle stabilizes, and deposit costs could begin to catch up, pressuring future NII expansion.

NIM Remains Thin but Stable

NWBI's net interest margin held at 0.9% in Q2 2026, unchanged from the prior quarter, as reported in the latest financial statements, suggesting a stable but low-yielding asset base.

The NIM is significantly below the peer average, reflecting the bank's conservative asset mix and high liquidity. While the stability is reassuring, the low absolute level limits earnings power and may indicate that the bank is not fully optimizing its balance sheet for yield. Investors should monitor whether the Columbus expansion can improve asset yields without a commensurate rise in funding costs.

Efficiency Ratio Spikes on Revenue Dip

NWBI's efficiency ratio deteriorated to 52.1% in Q2 2026 from 44.4% in Q1, according to the latest quarterly data, as non-interest income turned sharply negative.

The negative non-interest income of -$62.4M in Q2 2026 is a major outlier, likely driven by a one-time loss or mark-to-market adjustment. Excluding this, the efficiency ratio would be more in line with recent levels. However, the volatility in fee income highlights the bank's sensitivity to market conditions and the need for a more stable revenue mix.

Provision Normalizes After Q3 Spike

Provision for credit losses fell to $6.6M in Q2 2026 from $31.2M in Q3 2025, as per NWBI's income statement, indicating a return to more typical credit costs.

The elevated provision in Q3 2025 was an anomaly, possibly reflecting a specific credit deterioration or model update. The subsequent quarters show a more normalized level, suggesting that credit quality remains manageable. However, the bank's exposure to manufacturing and auto loans in its core markets warrants continued monitoring for cyclical stress.

Fee Income Volatility Clouds Earnings

Non-interest income swung from $32.6M in Q1 2026 to -$62.4M in Q2 2026, as reported in NWBI's quarterly results, underscoring the unpredictability of this revenue stream.

The negative fee income in Q2 2026 is a significant drag on total revenue, which fell to $142.7M from $234.1M in Q1. This volatility may stem from securities losses or hedging activities, and it complicates the assessment of the bank's core earnings power. Investors should focus on the recurring components of fee income, such as trust and service charges, to gauge the underlying trend.

Earnings Quality Questioned by Fee Swings

The 59% YoY net income surge in Q2 2026, per CEO commentary, is flattered by a low base and may not be sustainable given the volatile fee income and thin margins.

The record net income of $53.5M in Q2 2026 appears to be driven by a one-time gain or favorable tax item, as operating income was only $3.5M. This disconnect between operating and net income raises questions about the quality of earnings. Additionally, the lack of forward guidance suggests management's uncertainty about the sustainability of this performance. Investors should normalize for these anomalies when assessing the bank's true earning power.

NWBI — Frequently Asked Questions

Quick answers to the most common questions about buying NWBI stock.

What was Northwest Bancshares, Inc.'s (NWBI) revenue in 2025?

For fiscal year 2025, Northwest Bancshares, Inc. (NWBI) reported total revenue of $652.7M. This represents a 824.5% increase compared to $70.6M in 1995.

Is Northwest Bancshares, Inc. (NWBI) profitable?

Northwest Bancshares, Inc. (NWBI) is profitable, generating $126.0M in net income for the fiscal year ending 2025 with a net profit margin of 19.3%.

What is Northwest Bancshares, Inc.'s operating profit margin?

Northwest Bancshares, Inc. (NWBI) reported an operating income of $164.8M, resulting in an operating profit margin of 25.2%. This margin reflects the operational efficiency of the business before interest and taxes.

What is Northwest Bancshares, Inc.'s gross profit and gross margin?

Northwest Bancshares, Inc. (NWBI) generated $599.1M in gross profit for the year, representing a gross profit margin of 91.8%. This demonstrates the company's core pricing power and production efficiency.