Earnings Releases·Oct 26, 2026, 4:09 PM ET

Northwest Bancshares, Inc. — Third Quarter 2026 Earnings Summary

GAAP net income surged to $51 million ($0.34/share) year-over-year, a 1,600% increase from $3 million in the prior year quarter, though down $3 million sequentially from $54 million in the prior quarter.
Net interest income hit a record $148.95 million, up $13 million year-over-year and $2 million sequentially, while total noninterest expense rose $5 million sequentially but fell $25 million year-over-year.
The acquisition of Penns Woods Bancorp, Inc. drove significant growth in average loans, investments, and deposits, with a Day 1 initial provision of $20.6 million recorded; total deposits reached $14.28 billion.
Management declared a $0.20 quarterly cash dividend (5.4% annualized yield), marking the 128th consecutive quarter of payments, and expressed confidence in a strong fourth-quarter finish driven by momentum in Columbus and the retail footprint.
Classified loans decreased $55 million sequentially and $58 million year-over-year to $469 million, while commercial and industrial loans grew 31% year-over-year, supported by national specialty verticals and middle market portfolios.