10-K · February 25, 2026
Northwest Bancshares completed the Penns Woods acquisition on July 25, 2025, adding scale (about $2.2 billion of assets, including $1.8 billion of loans and $1.6 billion of deposits) and recording $63 million of…
Earnings analysis · 10-Q
NWBI earnings analysis
Filed May 7, 2026 · Our reading of the company's report
The latest report
Northwest Bancshares reported Q1 2026 results with a net income of $51 million, or $0.34 per diluted share, a 16% increase in net income compared to Q1 2025. Total revenue was $142.5 million, reflecting a decrease from…
Read full summary
Northwest Bancshares reported Q1 2026 results with a net income of $51 million, or $0.34 per diluted share, a 16% increase in net income compared to Q1 2025. Total revenue was $142.5 million, reflecting a decrease from the estimated $173.9 million consensus, and was primarily influenced by the Penns Woods acquisition, which drove growth in net interest income despite operational challenges.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $0.35
What stood out
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EPS Beats Estimates
The reported EPS was $0.35, exceeding the consensus estimate of $0.30.
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Decrease in Nonperforming Loans
Nonaccrual loans decreased by 15% to $91 million from $107 million at the end of Q4 2025.
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Increase in Cash Reserves
Cash and cash equivalents increased by 23% to $287 million compared to $234 million at year-end 2025.
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Strong Loan Growth Post-Merger
Gross loans receivable increased to $13.1 billion, a $49 million rise from December 31, 2025.
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Increase in Noninterest Income
Noninterest income rose by $4 million, totaling $33 million, driven by service charges and fees.
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Regulatory Capital Well Above Minimums
Total capital ratio at 15.33%, well above the 10.50% minimum requirement.
What to watch
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Increase in Classified Loans
Total classified loans rose to $498 million, a $44 million increase compared to Q4 2025.
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Liquidity Risk with Brokered Deposits
Brokered deposits increased to $306 million, raising concerns about liquidity.
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Economic Downturn Risks
Potential recession risks and uncertainty in economic forecasts could impact performance.
Management's outlook
No explicit numeric forward revenue or EPS guidance provided; outlook may be discussed in future earnings call.
Earlier filings 4
10-Q · May 3, 2024
Northwest Bancshares reported quarter ended March 31, 2024 diluted EPS of $0.23 and net interest income of $103,238,000. Net income declined to $29,163,000 from $33,679,000 a year ago while loan balances and deposits…
10-Q · November 3, 2023
Northwest Bancshares reported quarterly net income of $39.22M and diluted EPS of $0.31 for the quarter ended September 30, 2023, up from $37.30M and $0.29 in Q3 2022. Total reported revenue (net interest income plus…
10-Q · August 4, 2023
Northwest Bancshares reported Q2 (period ended June 30, 2023) diluted EPS of $0.26 and net income of $33,044,000, roughly flat versus the prior-year quarter (net income $33,426,000). Net interest income rose to…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.