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Northwest Bancshares, Inc. operates as the bank holding company for Northwest Bank, a state-chartered savings bank that provides personal and commercial banking solutions in Pennsylvania, New York, Ohio, and Indiana in the United States. The company accepts various deposits, including checking, savings, money market deposit, term certificate, and individual retirement accounts. It also offers loan products comprising one-to-four-family residential real estate loans, shorter-term consumer loans, and loans collateralized by multi-family residential and commercial real estate, as well as commercial business loans; residential mortgage loans; home equity loans and lines of credit; commercial real estate loans; commercial loans and financing solutions; and other consumer loans, including auto refinance loans, indirect automobile and recreational loans, unsecured personal loans, credit card loans, and loans secured by investment accounts. In addition, the company offers investment and cash management; estate and trust services; digital and online banking; certificates of deposit; credit cards; student and small business loans; private banking, planning, and investments; retirement plans; liquidity management for commercial checking and savings; treasury and wealth management; insurance; employee benefit plans; and financial planning services. It serves individuals, businesses, and charitable institutions. Northwest Bancshares, Inc. was founded in 1896 and is headquartered in Columbus, Ohio.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $652M | - | $126M | $142M | 6.7% | 25.2% | 25.7% |
| 2024 | $520M | - | $100M | $125M | 6.3% | -5.0% | -25.7% |
| 2023 | $548M | - | $135M | $84M | 8.7% | 3.4% | 1.0% |
| 2022 | $530M | - | $134M | $171M | 9.0% | - | - |
| 2021 | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 529.72 | 547.81 | 520.47 | 651.87 |
| Operating Revenue | - | 529.72 | 547.81 | 520.47 | 651.87 |
| Selling General And Administration | - | 202.23 | 214.41 | 234.94 | 258.09 |
| Interest Income | - | 448.07 | 585.05 | 667.30 | 747.63 |
| Interest Expense | - | 28.12 | 152.24 | 233.62 | 224.27 |
| Net Interest Income | - | 419.95 | 432.82 | 433.69 | 523.36 |
| Pretax Income | - | 173.69 | 175.08 | 129.55 | 162.79 |
| Tax Provision | - | 40.03 | 40.12 | 29.27 | 36.78 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | -1.15 | 0.82 | -1.10 | -9.53 |
| Net Income Continuous Operations | - | 133.67 | 134.96 | 100.28 | 126.01 |
| Net Income From Continuing And Discontinued Operation | - | 133.67 | 134.96 | 100.28 | 126.01 |
| Net Income From Continuing Operation Net Minority Interest | - | 133.67 | 134.96 | 100.28 | 126.01 |
| Net Income | - | 133.67 | 134.96 | 100.28 | 126.01 |
| Net Income Common Stockholders | - | 133.08 | 134.62 | 100.15 | 125.95 |
| Net Income Including Noncontrolling Interests | - | 133.67 | 134.96 | 100.28 | 126.01 |
| Normalized Income | - | 137.53 | 132.21 | 104.05 | 158.65 |
| Diluted NI Availto Com Stockholders | - | 133.08 | 134.62 | 100.15 | 125.95 |
| Basic Average Shares | - | 127.30 | 127.32 | 126.93 | 135.50 |
| Diluted Average Shares | - | 127.30 | 127.32 | 126.93 | 136.32 |
| Reconciled Depreciation | - | 6.45 | 24.50 | 21.34 | 0.14 |
| Total Unusual Items | - | -5.01 | 3.56 | -4.88 | -42.16 |
| Total Unusual Items Excluding Goodwill | - | -5.01 | 3.56 | -4.88 | -42.16 |
| Special Income Charges | - | -5.62 | -6.75 | -5.76 | -42.79 |
| Gain On Sale Of Business | 25.33 | 0 | 0 | - | - |
| Restructuring And Mergern Acquisition | - | 5.62 | 6.75 | 5.76 | 42.79 |
| Gain On Sale Of Security | - | -0.01 | -8.31 | -39.41 | 0.18 |
| Depreciation Amortization Depletion Income Statement | - | 4.28 | 3.27 | 2.45 | 5.17 |
| Depreciation And Amortization In Income Statement | - | 4.28 | 3.27 | 2.45 | 5.17 |
| General And Administrative Expense | - | 193.14 | 204.96 | 226.06 | 249.43 |
| Other Gand A | 13.77 | 13.32 | - | - | - |
| Salaries And Wages | - | 188.36 | 195.69 | 214.46 | 237.91 |
| Insurance And Claims | - | 4.78 | 9.27 | 11.60 | 11.52 |
| Selling And Marketing Expense | - | 9.10 | 9.44 | 8.89 | 8.66 |
| Otherunder Preferred Stock Dividend | - | 0.58 | 0.34 | 0.12 | 0.06 |
| Amortization | - | 4.28 | 3.27 | 2.45 | 5.17 |
| Amortization Of Intangibles Income Statement | - | 4.28 | 3.27 | 2.45 | 5.17 |
| Occupancy And Equipment | - | 29.62 | 29.15 | 29.47 | 31.40 |
| Professional Expense And Contract Services Expense | - | 14.70 | 17.82 | 14.88 | 13.12 |
| Other Non Interest Expense | - | 71.27 | 78.46 | 78.90 | 82.93 |
Financial Services sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Northwest Bancshares, Inc.this co. | NWBI | $2.1B | 16.45↑ premium | 1.10 | 6.7% | - |
| Stock Yards Bancorp, Inc. | SYBT | $2.1B | 15.11 | 1.97 | 13.0% | - |
| Columbia Financial, Inc. | CLBK | $2.1B | 40.70 | 1.82 | 4.5% | - |
| Banco Latinoamericano de Comercio Exterior, S. A. | BLX | $2.1B | 9.17 | 1.24 | 13.5% | - |
| LendingClub Corporation |
| - |
| - |
| - |
| - |
| - |
| - |
| LC |
| $2.0B |
| 14.94 |
| 1.35 |
| 9.0% |
| - |
| EZCORP, Inc. | EZPW | $2.0B | 18.05 | 1.93 | 10.7% | 11.23 |
| Federal Agricultural Mortgage Corporation | AGM | $2.0B | 9.53 | 1.63 | 17.1% | - |
| OFG Bancorp | OFG | $1.9B | 9.47 | 1.40 | 14.8% | - |
| First Commonwealth Financial Corporation | FCF | $1.9B | 12.65 | 1.24 | 9.8% | - |
| Peer Median | - | 13.79 | 1.51 | 11.9% | 11.23 | |