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.
Key figures
- Eps
- 0.34
- Revenue
- $51 million net income; interest income $210,171 thousand
- Nii q3
- 148950000
- Nim fte
- 3.70%
- Npl ratio
- 0.74%
- Dividend yield
- 5.4%
- Roe annualized
- 10.42%
- Gaap net income
- 51000000
- Efficiency ratio
- 58.94%
- Dividend per share
- 0.2
- Cni loan growth yoy
- 31%
- Adjusted diluted eps
- 0.35
- Net income prior year q
- 3167000
- Net income prior quarter
- 53546000
- Adjusted efficiency ratio
- 57.79%
- Net charge offs annualized
- 0.15%
AI analysis
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