Northwest Bancshares, Inc. (NWBI) Earnings
Northwest Bancshares, Inc. is expected to report next earnings on August 4, 2026 (in NaN days), with a consensus EPS estimate of $0.33. NWBI has beaten EPS estimates in 9 of its last 12 reported quarters (average surprise +8.6% over the last four).
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Apr 28, 2026 | $0.30 | $0.35 | +16.7% | $175M | +0.9% |
| Jan 26, 2026 | $0.31 | $0.33 | +6.5% | $180M | +3.5% |
| Jul 29, 2025 | $0.29 | $0.30 | +3.4% | $150M | -9.7% |
| Jan 24, 2025 | $0.25 | $0.27 | +8.0% | $153M | +6.6% |
| Jul 23, 2024 | $0.23 | $0.27 | +17.4% | $98M | -6.2% |
| Jan 22, 2024 | $0.24 | $0.23 | -4.2% | $135M | +27.3% |
| Jul 24, 2023 | $0.26 | $0.26 | +0.0% | $138M | +24.7% |
| Jan 23, 2023 | $0.31 | $0.27 | -12.9% | $144M | +1.7% |
| Jul 25, 2022 | $0.22 | $0.26 | +18.2% | $131M | +6.6% |
| Jan 24, 2022 | $0.22 | $0.24 | +9.1% | $123M | +28.3% |
| Jan 25, 2021 | $0.22 | $0.28 | +27.3% | $134M | +28.6% |
| Jul 27, 2020 | $0.06 | $0.25 | +316.7% | $143M | -32.9% |
Source: company filings + earnings calendar. For informational purposes only — not investment advice.
Earnings call summary
Q1 FY2026 · April 28, 2026
AI summary of management’s prepared remarks and analyst Q&A. For informational purposes only — not investment advice.
Management highlights
Lou Torchio emphasized the growing momentum and transformation at Northwest, noting achievements like record net income and continued growth in various business areas. Doug Shosser detailed financial metrics such as GAAP EPS of $0.34 per share and adjusted EPS of $0.35 per share. The bank focused on expense management discipline, achieving an adjusted efficiency ratio of 57.8%. There was growth in the CNI business, disciplined expansion of nationwide business verticals (accounting for approximately 23% of the commercial lending portfolio), continued growth in SBA lending. The bank also opened new financial centers, including the first since 2018 in Indianapolis and five under development in Columbus, and returned over half of its profits as a quarterly dividend.
Guidance
Northwest Bank maintained its previous outlook for the full year 2026. The bank expects organic growth, expansion of its financial center network, serving core customers and communities, and growth across consumer and commercial lines of business. It anticipates low to mid single-digit loan growth for the year and remains confident about the business prospects in 2026.
Segment performance
In the first quarter of 2026, Northwest Bank achieved a net income of $51 million, a record high with over 16% year-over-year growth. The CNI business saw an average CNI loan growth of $191 million, representing a 28% year-over-year increase. The net interest margin stood at 370 basis points. Average total deposits grew by $276 million quarter over quarter. The cost of deposits decreased by five basis points to 1.48%. Non-performing assets and overall delinquencies declined, and the annualized net charge off ratio was 16 basis points, which was below the full-year guidance. The loan balance had an average loan growth of $102 million quarter over quarter, and period end loans reached $13.1 billion. CNI loans experienced an average growth of $191 million quarter over quarter, with a 28.2% year-over-year increase.
Risks & headwinds
There was a discussion of credit risks, including an increase in criticized and classified loans attributed to two C&I borrowers. However, there was no expectation of higher net charge-offs resulting from this increase. Additionally, the bank faces a competitive deposit environment, and macroeconomic factors could potentially impact M&A activity.
Analyst Q&A
Q: Daniel Tamayo inquired about loan balance growth, paydowns, and origination activity.
A: Northwest is continuing to work through its criticized classified asset book, with some payoffs in CRE. The bank expects a slowdown in paydowns and sees good pipelines in commercial verticals.
Q: Jeff Rulis asked about deposit competition and the expense trajectory.
A: The bank faces strong deposit competition. In terms of expenses, there has been focus on positive operating leverage, with expense savings from the Pennswoods acquisition already realized.
Q: Tim Switzer asked about deposit competition and expense trajectory.
A: The bank continues to encounter strong competition for deposits. Expense growth is being managed with positive operating leverage.
Q: Brian Foran questioned about commercial verticals and M&A.
A: There is no upper limit on the growth of commercial verticals, with a focus on prudent credit. The bank's focus is on core organic growth rather than M&A at present.
Q: Mavis Manuel asked about net charge off and NIM.
A: Net charge off performance was strong, and the NIM is expected to be stable in the low 370s, with some factors influencing loan yields and deposit costs.
Q: Daniel Cardenas asked about classified loans.
A: The increase in classified loans was due to two C&I credits, but there was no significant concern about higher net charge-offs resulting from this.
Q: Kyle Geerman asked about commercial real estate and the C&I pipeline.
A: The bank is focused on stabilizing the commercial real estate portfolio. The spreads in the C&I pipeline are consistent with the bank's book, and in-market deals are more competitive.