NASDAQ : NWBI

Northwest Bancshares, Inc. — Financial statements

Financials · Banks - Regional · United States

Last price 15.34 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 2.25B

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Financial statements

Income statement

Fiscal year January - December; amounts in USD.

TTMFY2025FY2024FY2023FY2022FY2021
Interest Income on Loans733.82M681.32M615.78M543.66M407.83M390.34M
Interest Income on Investments85.87M68.35M53.42M44.26M40.97M28.16M
Total Interest Income819.69M749.67M669.20M587.92M448.80M418.51M
Interest Paid on Deposits205.71M198.98M205.49M105.34M14.12M19.12M
Interest Paid on Borrowings33.44M25.29M28.13M46.90M14.00M8.12M
Total Interest Expense239.15M224.27M233.62M152.24M28.12M27.25M
Net Interest Income580.54M525.40M435.58M435.68M420.68M391.26M
Trust Income36.59M32.31M30.10M27.28M27.77M27.92M
Mortgage Banking Activities1.81M3.15M2.32M2.43M4.87M15.89M
Gain (Loss) on Sale of Assets132.00K132.00K11.87M6.19M-42.00K26.53M
Gain (Loss) on Sale of Investments802.00K178.00K-39.41M-8.31M-8.00K-176.00K
Other Non-Interest Income96.71M90.03M77.42M81.69M77.67M72.28M
Total Non-Interest Income140.51M129.27M87.01M113.82M110.85M142.89M
Revenues Before Loan Losses721.05M654.67M522.59M549.51M531.53M534.15M
Provision for Loan Losses27.85M55.58M24.50M22.87M28.32M-15.79M
Revenue693.21M599.09M498.08M526.63M503.21M549.94M
Salaries and Employee Benefits244.76M231.79M208.37M191.12M184.28M189.15M
Federal Deposit Insurance9.31M11.52M11.60M9.27M4.78M4.97M
Amortization of Goodwill & Intangibles8.68M5.17M2.45M3.27M4.28M5.55M
Selling, General & Administrative146.64M131.38M131.11M132.63M123.30M131.21M
Other Non-Interest Expense15.96M13.64M9.24M8.52M7.04M14.19M
Total Non-Interest Expense425.36M393.51M362.77M344.81M323.91M345.36M
EBT Excluding Unusual Items267.85M205.58M135.31M181.83M179.31M204.58M
Pretax Income262.39M162.79M129.55M175.08M173.69M201.12M
Income Tax Expense61.88M36.78M29.27M40.12M40.03M46.80M
Net Income200.51M126.01M100.28M134.96M133.67M154.32M
Preferred Dividends & Other Adjustments65.00K65.00K125.00K339.00K585.00K1.01M
Net Income to Common200.45M125.95M100.15M134.62M133.08M153.31M
Basic Shares Outstanding146.30M135.50M127.09M126.67M126.17M126.18M
Diluted Shares Outstanding146.42M135.57M127.24M126.99M126.72M127.01M
EPS (Basic)1.370.930.791.061.051.22
EPS (Diluted)1.350.920.791.061.051.21
Dividend Per Share0.800.800.800.800.800.79
Effective Tax Rate23.58%22.59%22.59%22.92%23.04%23.27%

Balance sheet

Fiscal year January - December; amounts in USD.

TTMFY2025FY2024FY2023FY2022FY2021
Cash & Equivalents223.31M233.65M288.38M122.26M139.37M1.28B
Investment Securities311.78M302.73M244.70M306.53M348.99M375.13M
Trading Asset Securities25.92M39.80M42.77M27.33M33.31M
Mortgage-Backed Securities2.05B1.97B1.61B1.55B1.75B1.94B
Total Investments2.36B2.30B1.90B1.90B2.13B2.35B
Gross Loans13.39B13.01B11.18B11.41B10.91B9.99B
Allowance for Loan Losses-149.63M-150.21M-116.82M-125.24M-118.04M-102.24M
Net Loans13.24B12.86B11.06B11.28B10.79B9.89B
Property, Plant & Equipment148.84M185.29M170.45M200.56M200.83M211.41M
Goodwill445.00M444.33M381.00M381.00M381.00M381.00M
Other Intangible Assets33.24M39.67M2.84M5.29M8.56M12.84M
Loans Held for Sale8.37M22.44M76.33M8.77M9.91M25.06M
Accrued Interest Receivable59.78M56.29M46.36M47.35M35.53M25.60M
Other Real Estate Owned & Foreclosed2.77M76.00K16.14M104.00K413.00K873.00K
Other Long-Term Assets729.13M595.47M443.21M441.85M378.38M312.14M
Total Assets17.31B16.77B14.41B14.42B14.11B14.50B
Interest Bearing Deposits8.92B7.92B9.52B8.36B8.12B8.76B
Institutional Deposits2.19B2.90B950.00M355.00M439.50M
Non-Interest Bearing Deposits3.17B3.12B2.62B2.67B2.99B3.10B
Total Deposits14.28B13.94B12.14B11.98B11.46B12.30B
Short-Term Borrowings786.72M486.08M238.15M441.83M726.67M170.85M
Current Portion of Leases6.41M
Accrued Interest Payable7.62M6.85M6.93M13.67M3.23M1.80M
Long-Term Debt114.80M114.54M114.19M113.84M123.58M
Long-Term Leases44.04M64.72M57.74M52.21M
Trust Preferred Securities130.29M130.09M129.83M129.57M129.31M129.05M
Other Long-Term Liabilities217.97M144.90M177.36M123.90M126.50M139.28M
Total Liabilities15.42B14.88B12.81B12.87B12.62B12.92B
Common Stock1.47M1.46M1.27M1.27M1.27M1.27M
Additional Paid-In Capital1.28B1.27B1.03B1.02B1.02B1.01B
Retained Earnings755.55M689.21M673.11M674.69M641.73M609.53M
Comprehensive Income & Other-141.90M-70.69M-110.91M-149.49M-171.16M-37.63M
Shareholders' Equity1.89B1.89B1.60B1.55B1.49B1.58B
Total Liabilities & Equity17.31B16.77B14.41B14.42B14.11B14.50B
Total Debt917.00M781.43M482.52M750.32M1.03B475.69M
Net Cash (Debt)-693.69M-521.86M-154.34M-585.29M-860.87M836.88M
Net Cash Per Share-4.74-3.85-1.21-4.61-6.796.59
Filing Date Shares Outstanding146.56M146.14M127.51M127.11M127.05M126.67M
Total Common Shares Outstanding146.56M146.11M127.51M127.11M127.03M126.61M
Book Value Per Share12.9112.9412.5212.2011.7412.51
Tangible Book Value1.41B1.41B1.21B1.17B1.10B1.19B
Tangible Book Value Per Share9.659.639.519.178.679.40

Cash flow statement

Fiscal year January - December; amounts in USD.

TTMFY2025FY2024FY2023FY2022FY2021
Net Income126.01M100.28M134.96M133.67M154.32M
Depreciation & Amortization136.00K21.34M24.50M6.45M6.63M
Gain (Loss) on Sale of Assets193.00K-5.17M-6.09M96.00K-26.36M
Gain (Loss) on Sale of Investments-689.00K40.09M11.40M4.81M7.76M
Provision for Credit Losses55.58M24.50M22.87M28.32M-15.79M
Net Decrease (Increase) in Loans Originated / Sold - Operating-2.46M-61.43M5.01M21.02M51.86M
Change in Other Net Operating Assets-18.61M6.00M-96.04M-13.98M30.09M
Other Operating Activities-10.03M-407.00K-5.82M-9.02M-7.81M
Operating Cash Flow153.41M127.67M92.89M175.43M205.46M
Capital Expenditures-11.63M-2.31M-8.56M-4.32M-17.52M
Cash Acquisitions30.90M
Investment in Securities-203.68M-14.50M246.74M15.36M-786.52M
Divestitures28.24M
Purchase / Sale of Intangibles13.12M
Net Decrease (Increase) in Loans Originated / Sold - Investing41.60M180.74M-517.01M-909.54M528.27M
Other Investing Activities15.46M11.04M26.04M-18.93M14.55M
Investing Cash Flow-127.35M174.97M-239.68M-917.42M-232.97M
Short-Term Debt Issued542.07M1.43M
Total Debt Issued542.07M1.43M
Short-Term Debt Repaid-112.55M-198.56M-282.27M
Long-Term Debt Repaid-35.38M-10.09M-22.11M
Total Debt Repaid-147.93M-198.56M-282.27M-10.09M-22.11M
Net Debt Issued (Repaid)-147.93M-198.56M-282.27M531.98M-20.67M
Issuance of Common Stock930.00K2.46M630.00K5.17M14.01M
Repurchase of Common Stock-23.85M
Common Dividends Paid-109.91M-101.85M-101.67M-101.47M-100.27M
Net Increase (Decrease) in Deposit Accounts180.85M164.65M515.35M-836.62M701.93M
Other Financing Activities-4.73M-3.21M-2.36M3.03M-648.00K
Financing Cash Flow-80.79M-136.52M129.69M-397.90M570.49M
Net Cash Flow-54.73M166.12M-17.11M-1.14B542.98M
Free Cash Flow141.78M125.36M84.33M171.11M187.94M
Free Cash Flow Margin23.67%25.17%16.01%34.00%34.17%
Free Cash Flow Per Share1.050.980.661.351.48
Cash Income Tax Paid40.56M27.79M48.00M39.37M33.58M

Ratios

Fiscal year January - December; amounts in USD.

TTMFY2025FY2024FY2023FY2022FY2021
Market Capitalization2.23B1.75B1.68B1.59B1.78B1.79B
Last Close Price15.2411.5111.8510.5211.0010.51
PE Ratio11.2513.9216.7911.7813.3411.69
PS Ratio3.222.933.383.013.533.26
PB Ratio1.180.931.051.021.191.13
P/FCF Ratio16.2312.3713.4118.8110.389.54
P/OCF Ratio14.5311.4313.1717.0810.128.72
Debt / Equity Ratio0.480.410.300.480.690.30
Debt / FCF Ratio5.513.858.906.002.53
Net Debt / Equity Ratio0.370.280.100.380.58-0.53
Net Debt / FCF Ratio3.681.236.945.03-4.45
Return on Equity (ROE)10.70%7.23%6.37%8.87%8.69%9.88%
Return on Assets (ROA)1.19%0.81%0.70%0.95%0.93%1.09%
Earnings Yield8.89%7.19%5.96%8.51%7.53%8.61%
FCF Yield6.16%8.09%7.45%5.32%9.64%10.49%
Dividend Yield5.25%6.67%6.07%6.41%5.72%5.58%
Payout Ratio59.07%87.22%101.57%75.33%75.91%64.98%
Buyback Yield / Dilution-11.98%-6.54%-0.20%-0.21%0.22%-5.63%
Total Shareholder Return-6.73%0.12%5.86%6.20%5.95%-0.04%