Northwest Bancshares, Inc.
NWBI Nasdaq National Commercial Banks Financials FY2016–FY2025
Revenue
Total sales reported in the income statement.
$655M
25.3%
vs prior year
Efficiency ratio
Noninterest expense as a share of revenue. Lower is better for banks.
66.6%
3.9 pts
Net income
Profit after all expenses, interest and tax.
$126M
25.7%
Return on equity
Net income as a share of average shareholders' equity.
7.2%
0.9 pts
Market cap
Last close times the latest diluted share count, so it is approximate.
—
P/E
Last close divided by diluted earnings per share over the last four quarters.
—
On $1.02 EPS (TTM)
What Northwest Bancshares, Inc. does
No business description yet.
- Legal name
- Northwest Bancshares, Inc.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 10-K · Feb 25, 2026
- Accession · CIK
- 0001471265-26-000008
0001471265
Revenue and margins
Northwest Bancshares, Inc. had $655M of revenue in fiscal 2025, up 25.3% on the year before.
FY16
Revenue $393M
FY17
Revenue $441M
FY18
Revenue $430M
FY19
Revenue $460M
FY20
Revenue $524M
FY21
Revenue $534M
FY22
Revenue $532M
FY23
Revenue $550M
FY24
Revenue $523M
FY25
Revenue $655M
Q3 '23
Revenue $139M
Q4 '23
Revenue $135M
Q1 '24
Revenue $131M
Q2 '24
Revenue $98.0M
Q3 '24
Revenue $139M
Q4 '24
Revenue $154M
Q1 '25
Revenue $156M
Q2 '25
Revenue $150M
Q3 '25
Revenue $168M
Q4 '25
Revenue $180M
Q1 '26
Revenue $175M
Q2 '26
Revenue $181M
FY16
Net interest share 78.3%
Efficiency ratio 78.4%
FY17
Net interest share 75.0%
Efficiency ratio 64.7%
FY18
Net interest share 78.7%
Efficiency ratio 64.2%
FY19
Net interest share 78.4%
Efficiency ratio 64.4%
FY20
Net interest share 74.8%
Efficiency ratio 66.3%
FY21
Net interest share 73.2%
Efficiency ratio 65.3%
FY22
Net interest share 79.1%
Efficiency ratio 62.0%
FY23
Net interest share 79.3%
Efficiency ratio 64.0%
FY24
Net interest share 83.4%
Efficiency ratio 70.5%
FY25
Net interest share 80.3%
Efficiency ratio 66.6%
Net interest share
Efficiency ratio
Q3 '23
Net interest share 77.8%
Efficiency ratio 62.9%
Q4 '23
Net interest share 78.5%
Efficiency ratio 66.9%
Q1 '24
Net interest share 78.7%
Efficiency ratio 68.6%
Q2 '24
Net interest share 109.0%
Efficiency ratio 94.3%
Q3 '24
Net interest share 80.0%
Efficiency ratio 65.2%
Q4 '24
Net interest share 74.0%
Efficiency ratio 61.8%
Q1 '25
Net interest share 81.8%
Efficiency ratio 58.7%
Q2 '25
Net interest share 79.4%
Efficiency ratio 64.9%
Q3 '25
Net interest share 80.9%
Efficiency ratio 79.4%
Q4 '25
Net interest share 79.0%
Efficiency ratio 63.1%
Q1 '26
Net interest share 81.4%
Efficiency ratio 59.4%
Q2 '26
Net interest share 81.1%
Efficiency ratio 57.6%
Net interest share
Efficiency ratio
Net income and earnings per share
From fiscal 2016 to 2025, diluted EPS grew 7.3% a year. Loss periods are shown in red.
FY16
Net income $49.7M
FY17
Net income $94.5M
FY18
Net income $105M
FY19
Net income $110M
FY20
Net income $74.9M
FY21
Net income $154M
FY22
Net income $134M
FY23
Net income $135M
FY24
Net income $100M
FY25
Net income $126M
Q3 '23
Net income $39.2M
Q4 '23
Net income $29.0M
Q1 '24
Net income $29.2M
Q2 '24
Net income $4.7M
Q3 '24
Net income $33.6M
Q4 '24
Net income $32.8M
Q1 '25
Net income $43.5M
Q2 '25
Net income $33.7M
Q3 '25
Net income $3.2M
Q4 '25
Net income $45.7M
Q1 '26
Net income $50.5M
Q2 '26
Net income $53.5M
FY16
Diluted EPS $0.49
FY17
Diluted EPS $0.92
FY18
Diluted EPS $1.02
FY19
Diluted EPS $1.04
FY20
Diluted EPS $0.62
FY21
Diluted EPS $1.21
FY22
Diluted EPS $1.05
FY23
Diluted EPS $1.06
FY24
Diluted EPS $0.79
FY25
Diluted EPS $0.92
Q3 '23
Diluted EPS $0.31
Q4 '23
Diluted EPS $0.23
Q1 '24
Diluted EPS $0.23
Q2 '24
Diluted EPS $0.04
Q3 '24
Diluted EPS $0.26
Q4 '24
Diluted EPS $0.26
Q1 '25
Diluted EPS $0.34
Q2 '25
Diluted EPS $0.26
Q3 '25
Diluted EPS $0.02
Q4 '25
Diluted EPS $0.30
Q1 '26
Diluted EPS $0.34
Q2 '26
Diluted EPS $0.36
Returns and efficiency
For banks, return on equity and the efficiency ratio (costs as a share of revenue) say most about how well the business runs.
FY16
ROE 4.2%
ROTE 6.0%
Efficiency ratio 78.4%
FY17
ROE 7.9%
ROTE 10.8%
Efficiency ratio 64.7%
FY18
ROE 8.6%
ROTE 11.3%
Efficiency ratio 64.2%
FY19
ROE 8.5%
ROTE 11.2%
Efficiency ratio 64.4%
FY20
ROE 5.2%
ROTE 6.6%
Efficiency ratio 66.3%
FY21
ROE 9.9%
ROTE 12.9%
Efficiency ratio 65.3%
FY22
ROE 8.7%
ROTE 12.1%
Efficiency ratio 62.0%
FY23
ROE 8.9%
ROTE 11.6%
Efficiency ratio 64.0%
FY24
ROE 6.4%
ROTE 8.3%
Efficiency ratio 70.5%
FY25
ROE 7.2%
ROTE 9.0%
Efficiency ratio 66.6%
ROE
ROTE
Efficiency ratio
Dividends, buybacks and share count
Northwest Bancshares, Inc. returned $110M to shareholders in fiscal 2025, 78% of free cash flow. The diluted share count rose 0.0%.
FY16
Dividends $60.2M
Buybacks $1.8M
FY17
Dividends $65.2M
Buybacks $0.0M
FY18
Dividends $69.9M
Buybacks $0.0M
FY19
Dividends $76.2M
Buybacks $0.0M
FY20
Dividends $93.1M
Buybacks $9.3M
FY21
Dividends $100M
Buybacks $23.9M
FY22
Dividends $101M
Buybacks $0.0M
FY23
Dividends $102M
Buybacks $0.0M
FY24
Dividends $102M
Buybacks —
FY25
Dividends $110M
Buybacks —
Dividends
Buybacks
Q3 '23
Dividends $25.4M
Buybacks —
Q4 '23
Dividends $25.4M
Buybacks —
Q1 '24
Dividends $25.4M
Buybacks —
Q2 '24
Dividends $25.5M
Buybacks —
Q3 '24
Dividends $25.5M
Buybacks —
Q4 '24
Dividends $25.5M
Buybacks —
Q1 '25
Dividends $25.5M
Buybacks —
Q2 '25
Dividends $25.7M
Buybacks —
Q3 '25
Dividends $29.4M
Buybacks —
Q4 '25
Dividends $29.3M
Buybacks —
Q1 '26
Dividends $29.4M
Buybacks —
Q2 '26
Dividends $29.5M
Buybacks —
Dividends
Buybacks
FY16
Diluted shares 0.10B
FY17
Diluted shares 0.10B
FY18
Diluted shares 0.10B
FY19
Diluted shares 0.11B
FY20
Diluted shares 0.12B
FY21
Diluted shares 0.13B
FY22
Diluted shares 0.13B
FY23
Diluted shares 0.13B
FY24
Diluted shares —
FY25
Diluted shares —
Balance sheet
Loans, deposits and capital at each fiscal year end.
FY16
Loans $7.6B
Deposits $7.9B
FY17
Loans $7.8B
Deposits $7.8B
FY18
Loans $8.0B
Deposits $7.9B
FY19
Loans $8.8B
Deposits $8.6B
FY20
Loans $10.4B
Deposits $11.6B
FY21
Loans $9.9B
Deposits $12.3B
FY22
Loans $10.8B
Deposits $11.5B
FY23
Loans $11.3B
Deposits $12.0B
FY24
Loans $11.1B
Deposits $12.1B
FY25
Loans $12.9B
Deposits $13.9B
Loans
Deposits
| Fiscal year end | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Loans, net | $9.9B | $10.8B | $11.3B | $11.1B | $12.9B |
| Deposits | $12.3B | $11.5B | $12.0B | $12.1B | $13.9B |
| Loans / deposits | 80.6% | 94.2% | 94.2% | 91.1% | 92.2% |
| Total assets | $14.5B | $14.1B | $14.4B | $14.4B | $16.8B |
| Shareholders' equity | $1.6B | $1.5B | $1.6B | $1.6B | $1.9B |
| Goodwill | $381M | $381M | $381M | $381M | $444M |
| Intangible assets | $12.8M | $8.6M | $5.3M | $2.8M | $39.7M |
| Provision / loans | −0.2% | 0.3% | 0.2% | 0.2% | 0.4% |
Insider trades
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. 'Plan' marks trades under a pre-arranged Rule 10b5-1 plan.
Bought, 12 months
$0.0M
0 insiders
Sold, 12 months
$0.0M
0 insiders
Of sales under plans
—
$0.0M
No open-market insider trades in the last 12 months.
10 years of figures
US$ millions unless stated. Hover a ratio's name for its definition.
| Fiscal year | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||||
| Revenue | $393M | $441M | $430M | $460M | $524M | $534M | $532M | $550M | $523M | $655M |
| Net interest income | $307M | $331M | $339M | $360M | $392M | $391M | $421M | $436M | $436M | $525M |
| Noninterest income | $85.4M | $110M | $91.7M | $99.4M | $132M | $143M | $111M | $114M | $87.0M | $129M |
| Noninterest expense | $308M | $286M | $276M | $296M | $347M | $349M | $330M | $352M | $369M | $436M |
| Provision for credit losses | $13.5M | $19.8M | $20.3M | $22.7M | $84.0M | −$15.8M | $28.3M | $22.9M | $24.5M | $55.6M |
| Interest expense | $38.3M | $28.1M | $37.1M | $56.9M | $42.3M | $27.2M | $28.1M | $152M | — | — |
| Pretax income | $71.3M | $136M | $134M | $141M | $92.5M | $201M | $174M | $175M | $130M | $163M |
| Income tax | $21.6M | $41.4M | $28.4M | $30.7M | $17.7M | $46.8M | $40.0M | $40.1M | $29.3M | $36.8M |
| Net income | $49.7M | $94.5M | $105M | $110M | $74.9M | $154M | $134M | $135M | $100M | $126M |
| Net income to common | $49.7M | $94.5M | $105M | $110M | $74.9M | $153M | $133M | $135M | $100M | $126M |
| Diluted EPS | $0.49 | $0.92 | $1.02 | $1.04 | $0.62 | $1.21 | $1.05 | $1.06 | $0.79 | $0.92 |
| Diluted shares | 0.10B | 0.10B | 0.10B | 0.11B | 0.12B | 0.13B | 0.13B | 0.13B | — | — |
| Cash flow | ||||||||||
| Cash from operations | $136M | $152M | $139M | $127M | $140M | $205M | $175M | $92.9M | $128M | $153M |
| Capital expenditure | $15.2M | $3.7M | $5.2M | $10.9M | $12.3M | $17.5M | $4.3M | $8.6M | $2.3M | $11.6M |
| Free cash flow | $120M | $148M | $134M | $117M | $128M | $188M | $171M | $84.3M | $125M | $142M |
| Depreciation and amortization | $13.7M | $12.4M | $12.1M | $11.7M | $11.9M | $12.1M | $12.0M | $12.0M | $11.0M | $12.0M |
| Stock-based compensation | $10.9M | $4.9M | $7.0M | $6.8M | $4.2M | $4.7M | $4.1M | $4.6M | $6.1M | $6.1M |
| Acquisitions | −$1.1B | $0.0M | $0.0M | $28.8M | −$262M | $0.0M | $0.0M | $0.0M | $0.0M | −$30.9M |
| Share buybacks | $1.8M | $0.0M | $0.0M | $0.0M | $9.3M | $23.9M | $0.0M | $0.0M | — | — |
| Dividends paid | $60.2M | $65.2M | $69.9M | $76.2M | $93.1M | $100M | $101M | $102M | $102M | $110M |
| Dividends and buybacks | $61.9M | $65.2M | $69.9M | $76.2M | $102M | $124M | $101M | $102M | $102M | $110M |
| Balance sheet | ||||||||||
| Cash and short-term investments | $390M | $77.7M | $68.8M | $60.8M | $736M | $1.3B | $139M | $122M | $288M | $234M |
| Total debt | — | — | $234M | $246M | $160M | $139M | $681M | $399M | $200M | — |
| Loans, net | $7.6B | $7.8B | $8.0B | $8.8B | $10.4B | $9.9B | $10.8B | $11.3B | $11.1B | $12.9B |
| Deposits | $7.9B | $7.8B | $7.9B | $8.6B | $11.6B | $12.3B | $11.5B | $12.0B | $12.1B | $13.9B |
| Property and equipment, net | $161M | $152M | $143M | $147M | $162M | $157M | $146M | $139M | $124M | $140M |
| Goodwill | $307M | $307M | $307M | $346M | $382M | $381M | $381M | $381M | $381M | $444M |
| Intangible assets | $32.4M | $25.7M | $19.8M | $23.1M | $19.9M | $12.8M | $8.6M | $5.3M | $2.8M | $39.7M |
| Total assets | $9.6B | $9.4B | $9.6B | $10.5B | $13.8B | $14.5B | $14.1B | $14.4B | $14.4B | $16.8B |
| Total liabilities | $8.5B | $8.2B | $8.4B | $9.1B | $12.3B | $12.9B | $12.6B | $12.9B | $12.8B | $14.9B |
| Preferred stock | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M |
| Shareholders' equity | $1.2B | $1.2B | $1.3B | $1.4B | $1.5B | $1.6B | $1.5B | $1.6B | $1.6B | $1.9B |
| Margins | ||||||||||
| Net margin | 12.6% | 21.4% | 24.5% | 24.0% | 14.3% | 28.9% | 25.1% | 24.6% | 19.2% | 19.2% |
| FCF margin | 30.7% | 33.6% | 31.1% | 25.3% | 24.5% | 35.2% | 32.2% | 15.3% | 24.0% | 21.7% |
| Net interest share of revenue | 78.3% | 75.0% | 78.7% | 78.4% | 74.8% | 73.2% | 79.1% | 79.3% | 83.4% | 80.3% |
| Efficiency ratio | 78.4% | 64.7% | 64.2% | 64.4% | 66.3% | 65.3% | 62.0% | 64.0% | 70.5% | 66.6% |
| Returns | ||||||||||
| Return on equity | 4.2% | 7.9% | 8.6% | 8.5% | 5.2% | 9.9% | 8.7% | 8.9% | 6.4% | 7.2% |
| Return on assets | 0.5% | 1.0% | 1.1% | 1.1% | 0.6% | 1.1% | 0.9% | 0.9% | 0.7% | 0.8% |
| Return on tangible equity | 6.0% | 10.8% | 11.3% | 11.2% | 6.6% | 12.9% | 12.1% | 11.6% | 8.3% | 9.0% |
| Growth | ||||||||||
| Revenue growth | — | 12.4% | −2.5% | 6.9% | 13.9% | 1.9% | −0.5% | 3.4% | −4.9% | 25.3% |
| Net income growth | — | 90.2% | 11.7% | 4.7% | −32.2% | 106.2% | −13.4% | 1.0% | −25.7% | 25.7% |
| EPS growth | — | 87.8% | 10.9% | 2.0% | −40.4% | 95.2% | −13.2% | 1.0% | −25.5% | 16.5% |
| FCF growth | — | 22.9% | −9.7% | −12.8% | 10.0% | 46.6% | −9.0% | −50.7% | 48.7% | 13.1% |
| Share count change | — | 1.9% | 1.0% | 2.2% | 13.6% | 5.6% | −0.2% | 0.2% | — | — |
| Financial health | ||||||||||
| Debt / equity | — | — | 0.2x | 0.2x | 0.1x | 0.1x | 0.5x | 0.3x | 0.1x | — |
| Loans / deposits | 95.9% | 99.6% | 101.3% | 101.8% | 90.1% | 80.6% | 94.2% | 94.2% | 91.1% | 92.2% |
| Provision / loans | 0.2% | 0.3% | 0.3% | 0.3% | 0.8% | −0.2% | 0.3% | 0.2% | 0.2% | 0.4% |
| Capital allocation | ||||||||||
| Capex / revenue | 3.9% | 0.8% | 1.2% | 2.4% | 2.3% | 3.3% | 0.8% | 1.6% | 0.4% | 1.8% |
| Stock comp / revenue | 2.8% | 1.1% | 1.6% | 1.5% | 0.8% | 0.9% | 0.8% | 0.8% | 1.2% | 0.9% |
| Payouts / FCF | 51.4% | 44.0% | 52.3% | 65.3% | 79.9% | 66.0% | 59.3% | 120.6% | 81.2% | 77.5% |
| Quality scores | ||||||||||
| Piotroski F-score | — | — | — | 4.0 | 4.0 | 5.0 | 5.0 | 4.0 | — | — |
| Accruals ratio | −0.9% | −0.6% | −0.4% | −0.2% | −0.5% | −0.4% | −0.3% | 0.3% | −0.2% | −0.2% |
Source: SEC EDGAR XBRL filings (CIK 0001471265). Data updated October 24, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only — not investment advice. Check the original filings before relying on any figure.