NWBI earnings analysis
What we found in NWBI's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
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.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- EPS Beats Estimates
- The reported EPS was $0.35, exceeding the consensus estimate of $0.30.
- Decrease in Nonperforming Loans
- Nonaccrual loans decreased by 15% to $91 million from $107 million at the end of Q4 2025.
- Increase in Cash Reserves
- Cash and cash equivalents increased by 23% to $287 million compared to $234 million at year-end 2025.
- Strong Loan Growth Post-Merger
- Gross loans receivable increased to $13.1 billion, a $49 million rise from December 31, 2025.
- Increase in Noninterest Income
- Noninterest income rose by $4 million, totaling $33 million, driven by service charges and fees.
- Regulatory Capital Well Above Minimums
- Total capital ratio at 15.33%, well above the 10.50% minimum requirement.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- Increase in Classified Loans
- Total classified loans rose to $498 million, a $44 million increase compared to Q4 2025.
- Liquidity Risk with Brokered Deposits
- Brokered deposits increased to $306 million, raising concerns about liquidity.
- Economic Downturn Risks
- Potential recession risks and uncertainty in economic forecasts could impact performance.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $0.35
What they said about what is next.
No explicit numeric forward revenue or EPS guidance provided; outlook may be discussed in future earnings call.
The filing reads about the same as the one before it.
What came before.
- 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…
- 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. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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