Northwest Bancshares, Inc.

Northwest Bancshares, Inc. Announces Third Quarter 2026 GAAP net income of $51 million, or $0.34 per diluted share

Northwest Bancshares reported Q3 2026 GAAP net income of $51 million, or $0.34 per diluted share, with adjusted (non-GAAP) EPS of $0.35, up from $3 million ($0.02) a year ago though down sequentially from $54 million in 2Q26. The bank posted record total revenue and net interest income, with net interest income of $148.95 million, a 3.70% FTE net interest margin, and 31% average C&I loan growth year-over-year, aided by the Penns Woods acquisition. Credit quality stayed strong with annualized net charge-offs of 0.15% and nonperforming loans at 0.74%; classified loans fell to 3.50% of total loans. The board declared a $0.20 quarterly dividend, the 128th consecutive quarterly payout, representing an approximate 5.4% annualized yield.

•13d ago

Northwest Bank Recognized in Forbes' World's Top Performing Banks 2026

Northwest Bank was named to Forbes' World's Top Performing Banks 2026, an inaugural list of 500 banks worldwide produced in collaboration with Statista. Within its size tier, Northwest ranked 103 out of 115 banks in the $10-$20 billion total asset category, assessed on profitability, growth and earnings quality, capital and funding resilience, and asset quality and efficiency. The Forbes recognition follows two other 2026 honors for the bank: TIME's America's Best Companies and Newsweek's America's Best Regional Banks for the third consecutive year. The release contains no new financial disclosures; Northwest operates 152 financial centers across Pennsylvania, New York, Ohio, and Indiana.

•1mo ago

Northwest Bank Plans New Corporate Headquarters in Dublin to Support Central Ohio Growth

Northwest Bank announced plans to relocate its corporate headquarters to a new 75,000-square-foot building in Dublin, Ohio's Bridge North development by the first half of 2029. The move is supported by a 15-year lease and economic incentives from the City of Dublin, including a grant of $50,000 and a payroll tax incentive capped at $460,000, aiming to more than double the headquarters workforce to 300 by 2034. This expansion supports the bank's broader Central Ohio growth strategy, which includes the recent opening of a financial center in New Albany and plans for four additional locations by the second quarter of 2027.

•2mo ago

Northwest Bancshares, Inc. Announces Redemption of Subordinated Notes

Northwest Bancshares will redeem all of its outstanding 4.000% Fixed-to-Floating Rate Subordinated Notes due 2030 on September 15, 2026. Holders will receive 100% of the principal amount plus accrued and unpaid interest up to the redemption date. The move reduces the company's leverage and future interest obligations, strengthening its balance sheet.

•2mo ago

Northwest Bank Celebrates Grand Opening of First Financial Center in Central Ohio

Northwest Bank opened its first financial center in Central Ohio at 5746 N. Hamilton Road in New Albany, marking the start of a broader regional expansion strategy. The bank plans to open three additional centers by the end of 2026 and another in Q1 2027 as it invests in the Columbus market. Northwest currently operates 152 full-service centers and 11 drive-up locations across Pennsylvania, New York, Ohio and Indiana, with access to over 55,000 ATMs.

•3mo ago

Northwest Bancshares, Inc. Announces Record Second Quarter 2026 GAAP net income of $54 million, or $0.36 per diluted share

Northwest Bancshares reported record Q2 GAAP net income of $54 million, or $0.36 per diluted share, a 59% increase from the prior year, driven by strong loan growth and margin expansion. Net interest margin improved to 3.75% as net interest income rose 23% year-over-year to $147 million, while credit quality remained robust with net charge-offs of just 0.15%. The Board declared a quarterly cash dividend of $0.20 per share, marking the 127th consecutive payment and yielding approximately 5.3% based on current market values.

•3mo ago

Northwest Bank Recognized in TIME's America's Best Companies 2026

Northwest Bank was ranked #394 on TIME's list of America's Best Companies 2026, a distinction awarded in collaboration with Statista. The ranking methodology evaluated employee satisfaction, financial performance, and sustainability transparency. CEO Lou Torchio attributed the recognition to the strength of the company's culture and the trust of its customers.

•3mo ago

Northwest Bank Creates Three New Leadership Roles to Elevate Customer Experience Across Banking Channels

Northwest Bank appointed three new senior leaders focused on enhancing customer experience and analytics: Lizzie Siegel as executive director of customer experience, design and innovation; Sarah Mayle as executive director of financial center experience and enablement; and Greg Hayes as executive director of consumer and marketing analytics. These new roles aim to align customer insights, sales, and service delivery across the bank's network and digital platforms to create a more consistent experience for customers. The appointees bring significant industry experience, with Siegel joining from Google, Mayle from Truist, and Hayes from KeyBank.

•3mo ago

Northwest Bancshares, Inc. Announces First Quarter 2026 GAAP net income of $51 million, or $0.34 per diluted share

Northwest Bancshares reported record Q1 2026 GAAP net income of $51 million, or $0.34 per diluted share, marking a 16% increase from the prior year. Net interest margin expanded to 3.70% as the company achieved 28% average commercial and industrial loan growth, while credit quality remained strong with nonperforming assets at 0.70%. The Board declared a $0.20 per share quarterly dividend, representing an annualized yield of approximately 6.3%, and authorized a new $50 million share repurchase program.

•6mo ago