Northwest Bancshares, Inc. NWBI

Financials SIC 6021 - National Commercial Banks NAICS Finance and Insurance › Credit Intermediation and Related Activities › Depository Credit Intermediation › Commercial Banking derived Nasdaq

Northwest Bancshares, Inc.

Northwest Bancshares, Inc., a Maryland corporation, was incorporated in 2009 to be the successor corporation to Northwest Bancorp, Inc., the former stock holding company for Northwest Bank, upon completion of the mutual-to-stock conversion of Northwest Bancorp, MHC. The terms "Northwest", "the Company", "we", "us" and "our" refer to Northwest Bancshares, Inc., unless indicated otherwise by the context.

The conversion was completed in 2009 when the Company sold 68,878,267 shares of common stock at $10.00 per share in the related offering. Concurrent with the completion of the offering, shares of Northwest Bancorp, Inc. common stock owned by public stockholders were exchanged for shares of Northwest Bancshares, Inc.'s common stock. We also issued 1,277,565 shares of common stock and contributed $1.0 million in cash from the offering proceeds to Northwest Charitable Foundation, a charitable foundation that we established for the benefit of the communities in which Northwest Bank operates. As of December 31, 2025, the Company had 146,107,964 shares outstanding and a market capitalization of approximately $1.753 billion.

Last close 15.48 2026-10-23
Market cap $2.27B 2026-06-30 share count
52-week range 11.25 - 16.16

Valuation FY2025 figures against the last close

P/S3.0x
P/E16.8x
P/FCF16.0x
EV/EBITDA—
Dividend yield4.8%
Diluted EPS0.92

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $749.7M$669.2M$587.9M$448.8M$418.5M$434.1M$417.4M$375.8M$358.9M$345.6M
SG&A $13.6M$12.4M$13.0M$13.3M$13.8M$15.7M$14.1M$14.1M$16.3M$14.9M
Interest expense $525.4M$435.6M$435.7M$420.7M$27.2M$42.3M$56.9M$37.1M$28.1M$38.3M
Pre-tax income $162.8M$129.5M$175.1M$173.7M$201.1M$92.5M$141.1M$133.9M$135.9M$71.3M
Income tax $36.8M$29.3M$40.1M$40.0M$46.8M$17.7M$30.7M$28.4M$41.4M$21.6M
Net income $126.0M$100.3M$135.0M$133.7M$154.3M$74.9M$110.4M———
EPS, basic 0.930.791.061.051.220.621.051.030.940.50
EPS, diluted 0.920.791.061.051.210.621.041.020.920.49
Shares, diluted (wtd. avg.) ——127.0M126.7M127.0M120.2M105.8M103.6M102.6M100.7M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $233.6M$288.4M$122.3M$139.4M$1.28B$736.3M$60.8M$68.8M$77.7M$389.9M
Property, plant and equipment $140.4M$124.2M$138.8M$145.9M$156.5M$161.5M$147.4M$143.4M$151.9M$161.2M
Goodwill $444.3M$381.0M$381.0M$381.0M$381.0M$382.3M$346.1M$307.4M$307.4M$307.4M
Other intangibles $39.7M$2.8M$5.3M$8.6M$12.8M$19.9M$23.1M$19.8M$25.7M$32.4M
Total assets $16.77B$14.41B$14.42B$14.11B$14.50B$13.81B$10.49B$9.61B$9.36B$9.62B
Short-term debt —$200.3M$398.9M$681.2M$139.1M$159.7M$246.3M$234.4M——
Total liabilities $14.88B$12.81B$12.87B$12.62B$12.92B$12.27B$9.14B$8.35B$8.16B$8.45B
Retained earnings $689.2M$673.1M$674.7M$641.7M$609.5M$555.5M$583.4M$550.4M$508.1M$478.8M
Total equity $1.89B$1.60B$1.55B$1.49B$1.58B$1.54B$1.35B$1.26B$1.21B$1.17B

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $153.4M$127.7M$92.9M$175.4M$205.5M$140.4M$127.5M$138.9M$151.8M$135.7M
Depreciation and amortisation $12.0M$11.0M$12.0M$12.0M$12.1M$11.9M$11.7M$12.1M$12.4M$13.7M
Stock-based compensation $6.1M$6.1M$4.6M$4.1M$4.7M$4.2M$6.8M$7.0M$4.9M$10.9M
Capital expenditure $11.6M$2.3M$8.6M$4.3M$17.5M$12.3M$10.9M$5.2M$3.7M$15.2M
Investing cash flow -$127.4M$175.0M-$239.7M-$917.4M-$233.0M-$560.6M-$300.6M-$281.9M-$104.0M$1.15B
Financing cash flow -$80.8M-$136.5M$129.7M-$397.9M$570.5M$1.10B$165.2M$134.1M-$359.9M-$1.06B
Dividends paid $109.9M$101.9M$101.7M$101.5M$100.3M$93.1M$76.2M$69.9M$65.2M$60.2M
Buybacks ——$0$0$23.9M$9.3M$0$0$0$1.8M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-148973.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 200M 400M 600M 800M Revenue, FY2016: 345.6M Revenue, FY2017: 358.9M Revenue, FY2018: 375.8M Revenue, FY2019: 417.4M Net income, FY2019: 110.4M Revenue, FY2020: 434.1M Net income, FY2020: 74.9M Revenue, FY2021: 418.5M Net income, FY2021: 154.3M Revenue, FY2022: 448.8M Net income, FY2022: 133.7M Revenue, FY2023: 587.9M Net income, FY2023: 135M Revenue, FY2024: 669.2M Net income, FY2024: 100.3M Revenue, FY2025: 749.7M Net income, FY2025: 126M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $345.6M $358.9M $375.8M $417.4M $434.1M $418.5M $448.8M $587.9M $669.2M $749.7M
Gross profit — — — — — — — — — —
Net income — — — $110.4M $74.9M $154.3M $133.7M $135.0M $100.3M $126.0M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Officer or director change Item 5.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced Item 2.02
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Results announced Item 2.02
  • Results announced Item 2.02
  • Acquisition or disposal completed A purchase or sale of a significant business or asset has closed. Item 2.01
  • Officer or director change Item 5.02
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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