Northwest Bancshares

NWBI · Nasdaq · Financials · Financials, fiscal 2016 to 2025

NWBI · Last close · November 6, 2026

$15.24

Northwest Bancshares' revenue rose 25.3% to $655 million in fiscal 2025. Net income was $126 million, up 25.7%. Its return on equity was 7.2%, up from 6.4% a year earlier. Its efficiency ratio was 66.6%, down from 70.5% a year earlier. It paid out $110 million in dividends and buybacks.

NORTHWEST BANCSHARES, INC. Latest fiscal year ended December 31, 2025 10-K filed February 25, 2026 · 0001471265-26-000008 Updated November 6, 2026

Revenue

$655M

25.3%

Net income

$126M

25.7%

Return on equity

7.2%

0.9 pts

Return on tangible equity

9.6%

1.2 pts

Efficiency ratio

66.6%

3.9 pts

Market cap

$1.9B

Nov 6 close

P/E

11.3x

On $1.35 EPS, 4 qtrs

Return on equity is net income as a share of shareholders' equity; return on tangible equity leaves out goodwill and other intangible assets. The efficiency ratio is operating costs as a share of revenue, so lower means the bank spends less to earn each dollar. Market cap is the last closing share price times the latest diluted share count, so it is approximate. P/E is the last close divided by diluted earnings per share over the last four quarters, or the latest fiscal year where the quarters aren't available; there is none when the company made a loss.

Charts show fiscal years, from the 10-K filings.

Income statement

Revenue and net income

US$ billions, fiscal years; net losses in red. Revenue on the left axis, net income on the right; zero is the same line on both. Revenue is net of interest expense.

Revenue (left axis)Net income (right axis)

Efficiency ratio and net interest income

Percent of revenue. The efficiency ratio is noninterest expense over revenue.

Efficiency ratioNet interest income share

From fiscal 2016 to 2025, earnings per share grew 7.3% a year and net income 10.9% a year.

Diluted earnings per share

US$ per share, fiscal years, restated for any stock splits; loss years in red.

Return on equity

Percent. Net income over average equity; tangible equity excludes goodwill, intangibles and preferred stock.

Return on equityReturn on tangible common equity

Balance sheet

Loans and deposits

US$ billions, at each fiscal year end

Loans, netDeposits

Total assets and shareholders' equity

US$ billions, at each fiscal year end. Assets on the left axis, equity on the right.

Total assets (left axis)Equity (right axis)

Five years at a glance

Fiscal year end	FY21	FY22	FY23	FY24	FY25
Loans, net	9,914	10,802	11,281	11,063	12,857
Deposits	12,301	11,464	11,980	12,145	13,943
Loans to deposits	80.6%	94.2%	94.2%	91.1%	92.2%
Provision for credit losses	−16	28	23	24	56
Provision to average loans	−0.2%	0.3%	0.2%	0.2%	0.5%
Total assets	14,502	14,113	14,419	14,408	16,767
Shareholders' equity	1,584	1,492	1,551	1,597	1,890

US$ millions unless stated, at each fiscal year end.

Cash flow

Stock-based compensation and buybacks

US$ billions, fiscal years. Shares paid to employees (stock-based compensation, a cost that uses no cash) against cash spent buying shares back. Buybacks that only match it leave the share count roughly where it was.

Stock-based compensationShare buybacks

Dividends and buybacks

US$ billions, cash paid in each fiscal year

DividendsShare buybacks

Diluted share count

Weighted-average diluted shares, millions

Projections

Project Northwest Bancshares' revenue, net income and earnings per share five years ahead in a bull, a base and a bear case with your own figures, and see the share prices your P/E estimates give them. Every projected figure is yours: it is not a forecast of ours.

Open Northwest Bancshares' projections

Insider trades

Over the 12 months between November 7, 2025 and November 6, 2026, 11 insiders bought $552,365 of Northwest Bancshares shares on the open market, and 2 insiders sold $228,204.

Buys and sells by month

US$ millions, open-market purchases (up) and sales (down) by officers, directors and 10% owners in each month.

BoughtSold

Date	Insider	Trade	Shares	Price	Value	Filing
Aug 20, 2026	Charles E. KranichDirector	Bought	1,635	$15.28	$24,983	Form 4
Jul 30, 2026	James M ColestroChief Retail Lending Officer	Sold	13,274	$15.77	$209,331	Form 4
May 27, 2026	Timothy M HunterDirector	Bought	10,000	$13.97	$139,700	Form 4
May 1, 2026	Urich T BowersChief Cons. Banking /Strat Off	Bought	7,000	$13.98	$97,860	Form 4
May 1, 2026	Douglas M SchosserChief Financial Officer	Bought	1,500	$13.92	$20,880	Form 4
Apr 30, 2026	Gregory J. BetchkalChief Risk Officer	Bought	5,000	$13.93	$69,650	Form 4
Apr 30, 2026	Carey A. BarnumChief Auditor	Sold	1,351	$13.97	$18,873	Form 4
Mar 6, 2026	Louis J TorchioPresident & CEO, Director	Bought	3,500	$12.16	$42,560	Form 4
Jan 29, 2026	Robert M CampanaDirector	Bought	2,000	$12.62	$25,240	Form 4
Dec 8, 2025	David M TullioDirector	Bought	1,500	$12.27	$18,405	Form 4
Dec 5, 2025	Timothy M HunterDirector	Bought	4,000	$12.18	$48,720	Form 4
Dec 1, 2025	John P MeeganDirector	Bought	1,500	$12.10	$18,150	Form 4

The latest 12 of 15 trades. Open-market purchases and sales by officers, directors and 10% owners, from their Form 4 filings with the SEC: one row per person, day and filing, at the day's average price. Grants, option exercises and shares withheld for tax aren't counted. Insiders buy and sell for many reasons, such as taxes, spreading their savings or a plan set up months earlier, so a trade on its own says little about where a company is heading. For information only, not investment advice. Insider trades at all companies

Compare

Put Northwest Bancshares side by side with any other company we cover: revenue, growth, margins, cash flow and returns, with ten years of charts.

Similar companies

Company	Year	Revenue growth	Net margin	Return on equity	Return on tangible equity	Efficiency ratio	Compare
Northwest Bancshares	FY25	25.3%	19.2%	7.2%	9.6%	66.6%
Seacoast Banking Corporation of Florida	FY25	26.6%	22.2%	5.9%	9.8%	63.6%	Compare
Park National	FY25	2.9%	27.1%	13.9%	15.8%	48.8%	Compare
First Financial Bankshares	FY25	14.7%	40.1%	14.4%	17.5%	46.5%	Compare
Merchants Bancorp	FY25	1.6%	32.1%	9.7%	7.7%	44.0%	Compare

Each company's latest fiscal year. Fiscal years end in different months, so the periods don't line up exactly.

10 years of figures

Fiscal year	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Income statement
Revenue	393	441	430	460	524	534	532	550	523	655
Revenue growth	18.2%	12.4%	−2.5%	6.9%	13.9%	1.9%	−0.5%	3.4%	−4.9%	25.3%
Net interest income	307	331	339	360	392	391	421	436	436	525
Noninterest income	85	110	92	99	132	143	111	114	87	129
Noninterest expense	308	286	276	296	348	349	330	352	368	436
Provision for credit losses	—	—	20	23	84	−16	28	23	24	56
Net income	50	94	106	110	75	154	134	135	100	126
Diluted EPS (US$)	0.49	0.92	1.02	1.04	0.62	1.21	1.05	1.06	0.79	0.92
Diluted shares (millions)	101	103	104	106	120	127	127	127	—	—
Payouts
Dividends paid	60	65	70	76	93	100	102	102	102	110
Share buybacks	2	0	0	0	9	24	0	0	0	0
Balance sheet at fiscal year end
Loans, net	7,557	7,793	7,996	8,751	10,446	9,914	10,802	11,281	11,063	12,857
Deposits	7,882	7,827	7,894	8,592	11,599	12,301	11,464	11,980	12,145	13,943
Total assets	9,624	9,364	9,608	10,494	13,806	14,502	14,113	14,419	14,408	16,767
Shareholders' equity	1,171	1,208	1,258	1,353	1,539	1,584	1,492	1,551	1,597	1,890
Ratios
Return on equity	4.3%	7.9%	8.6%	8.5%	5.2%	9.9%	8.7%	8.9%	6.4%	7.2%
Return on tangible common equity	5.8%	11.1%	11.7%	11.5%	7.1%	13.2%	11.6%	11.9%	8.4%	9.6%
Return on assets	0.5%	1.0%	1.1%	1.1%	0.6%	1.1%	0.9%	0.9%	0.7%	0.8%
Efficiency ratio	78.4%	64.7%	64.2%	64.4%	66.3%	65.3%	62.0%	64.0%	70.5%	66.6%

US$ millions unless stated. Where a later 10-K restated a year, the latest filed figure is shown. Download all figures (CSV, US$ millions)

Source: Northwest Bancshares' Form 10-K filings, from SEC EDGAR. For information only, not investment advice. The Filing Desk is not affiliated with Northwest Bancshares.