Northwest Bancshares, Inc.'s income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Northwest Bancshares, Inc. reported net income of $126.0M (+25.7% year on year).
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Loans receivable | $681.3M | $615.8M | $543.7M | $407.8M |
| Mortgage-backed securities | $50.6M | $39.8M | $32.9M | $30.8M |
| Taxable investment securities | $4.4M | $3.3M | $3.3M | $3.1M |
| Tax-free investment securities | $2.6M | $2.0M | $2.4M | $2.8M |
| FHLB stock dividends | $2.0M | $1.9M | $2.9M | $730.0K |
| Interest-earning deposits | $8.7M | $6.5M | $2.9M | $3.6M |
| Total interest income | $749.7M | $669.2M | $587.9M | $448.8M |
| Deposits | $199.0M | $205.5M | $105.3M | $14.1M |
| Borrowed funds | $25.3M | $28.1M | $46.9M | $14.0M |
| Total interest expense | $224.3M | $233.6M | $152.2M | $28.1M |
| Net interest income | $525.4M | $435.6M | $435.7M | $420.7M |
| Provision for credit losses - loans | $56.8M | $27.7M | $18.7M | $17.9M |
| Provision for credit losses - unfunded commitments | ($1.3M) | ($3.2M) | $4.2M | — |
| Net interest income after provision for credit losses | $469.8M | $411.1M | $412.8M | $402.8M |
| Gain/(loss) on sale of investments | $178.0K | ($39.4M) | ($8.3M) | ($8.0K) |
| Gain on sale of mortgage servicing rights | $0 | $0 | $8.3M | — |
| Gain on sale of SBA loans | $2.8M | $3.8M | $1.8M | — |
| Gain on sale of loans | $0 | $0 | $726.0K | $0 |
| Service charges and fees | $65.1M | $63.0M | $59.2M | $55.2M |
| Trust and other financial services income | $32.3M | $30.1M | $27.3M | $27.8M |
| Gain on real estate owned, net | $622.0K | $887.0K | $2.0M | $603.0K |
| Income from bank-owned life insurance | $12.8M | $6.3M | $8.6M | $7.1M |
| Mortgage banking income | $3.2M | $2.3M | $2.4M | $4.9M |
| Other operating income | $12.3M | $20.0M | $11.8M | $15.3M |
| Total noninterest income | $129.3M | $87.0M | $113.8M | $110.8M |
| Compensation and employee benefits | $237.9M | $214.5M | $195.7M | $188.4M |
| Premises and occupancy costs | $31.4M | $29.5M | $29.2M | $29.6M |
| Office operations | $13.6M | $12.4M | $13.0M | $13.3M |
| Collections expense | $2.8M | $2.1M | $1.7M | $1.8M |
| Processing expenses | $58.5M | $59.4M | $58.7M | $52.5M |
| Marketing expenses | $8.7M | $8.9M | $9.4M | $9.1M |
| Federal deposit insurance premiums | $11.5M | $11.6M | $9.3M | $4.8M |
| Professional services | $13.1M | $14.9M | $17.8M | $14.7M |
| Amortization of intangible assets | $5.2M | $2.5M | $3.3M | $4.3M |
| Merger, asset disposition and restructuring expense | $42.8M | $5.8M | $6.7M | $5.6M |
| Other expenses | $10.8M | $6.9M | $6.4M | $15.7M |
| Total noninterest expense | $436.3M | $368.5M | $351.6M | $340.0M |
| Income before income taxes | $162.8M | $129.5M | $175.1M | $173.7M |
| Federal | $27.8M | $22.3M | $31.3M | $30.9M |
| State | $8.9M | $6.9M | $8.8M | $9.1M |
| Total provision for income taxes | $36.8M | $29.3M | $40.1M | $40.0M |
| Net income | $126.0M | $100.3M | $135.0M | $133.7M |
| Basic earnings per share (in dollars per share) | $0.93 | $0.79 | $1.06 | $1.05 |
| Diluted earnings per share (in dollars per share) | $0.92 | $0.79 | $1.06 | $1.05 |
| Line item | Jun 30, 2026 · Q2 | Mar 31, 2026 · Q1 | Sep 30, 2025 · Q3 | Jun 30, 2025 · Q2 |
|---|---|---|---|---|
| Loans receivable | $182.5M | $180.5M | $177.7M | $154.9M |
| Mortgage-backed securities | $18.0M | $17.0M | $12.7M | $12.2M |
| Taxable investment securities | $1.8M | $1.6M | $1.2M | $999.0K |
| Tax-free investment securities | $674.0K | $762.0K | $752.0K | $512.0K |
| FHLB stock dividends | $738.0K | $768.0K | $652.0K | $318.0K |
| Interest-earning deposits | $1.4M | $871.0K | $1.7M | $2.7M |
| Total interest income | $205.1M | $201.6M | $194.7M | $171.6M |
| Deposits | $50.4M | $51.1M | $51.9M | $46.8M |
| Borrowed funds | $7.8M | $8.0M | $6.8M | $5.3M |
| Total interest expense | $58.2M | $59.1M | $58.7M | $52.1M |
| Net interest income | $146.9M | $142.5M | $136.0M | $119.4M |
| Provision for credit losses - loans | $4.3M | $5.0M | $31.4M | $11.5M |
| Provision/(benefit) for credit losses - unfunded commitments | $2.4M | ($585.0K) | ($189.0K) | ($2.7M) |
| Net interest income after provision for credit losses | $140.3M | $138.1M | $104.8M | $110.7M |
| Gain on sale of investments | $336.0K | $11.0K | $36.0K | $0 |
| Gain on sale of SBA loans | $1.2M | $1.2M | $341.0K | $819.0K |
| Service charges and fees | $16.9M | $17.1M | $16.9M | $15.8M |
| Trust and other financial services income | $9.4M | $8.6M | $8.0M | $7.9M |
| Gain on real estate owned, net | $20.0K | $70.0K | $132.0K | $258.0K |
| Income from bank-owned life insurance | $2.0M | $2.0M | $1.8M | $1.4M |
| Mortgage banking income | $738.0K | $329.0K | $1.0M | $1.1M |
| Other operating income | $3.5M | $3.2M | $4.0M | $3.6M |
| Total noninterest income | $34.2M | $32.6M | $32.2M | $30.9M |
| Compensation and employee benefits | $63.5M | $58.3M | $63.0M | $55.2M |
| Premises and occupancy costs | $8.5M | $9.9M | $7.7M | $7.1M |
| Office operations | $3.7M | $3.9M | $3.5M | $2.9M |
| Collections expense | $665.0K | $878.0K | $776.0K | $838.0K |
| Processing expenses | $16.9M | $16.8M | $15.1M | $13.0M |
| Marketing expenses | $2.4M | $1.7M | $1.9M | $3.0M |
| Federal deposit insurance premiums | ($291.0K) | $2.9M | $3.4M | $2.3M |
| Professional services | $3.5M | $3.5M | $3.0M | $4.0M |
| Amortization of intangible assets | $2.2M | $2.2M | $2.0M | $436.0K |
| Merger, asset disposition and restructuring expense | $426.0K | $631.0K | $31.3M | $6.2M |
| Other expenses | $2.9M | $3.4M | $1.9M | $2.5M |
| Total noninterest expense | $104.3M | $104.0M | $133.5M | $97.5M |
| Income before income taxes | $70.2M | $66.7M | $3.5M | $44.1M |
| Federal and state income taxes expense | $16.7M | $16.1M | $302.0K | $10.4M |
| Net income | $53.5M | $50.5M | $3.2M | $33.7M |
| Basic earnings per share (in dollars per share) | $0.37 | $0.35 | $0.02 | $0.26 |
| Diluted earnings per share (in dollars per share) | $0.36 | $0.34 | $0.02 | $0.26 |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Cash and cash equivalents | $233.6M | $288.4M | $122.3M | $139.4M |
| Marketable securities available-for-sale (amortized cost of $1,710,978 and $1,278,665, respectively) | $1.6B | $1.1B | $1.0B | $1.2B |
| Marketable securities held-to-maturity (fair value of $605,929 and $637,948, respectively) | $683.4M | $750.6M | $814.8M | $881.2M |
| Total cash and cash equivalents and marketable securities | $2.5B | $2.1B | $2.0B | $2.2B |
| Loans held-for-sale | $22.4M | $76.3M | $8.8M | $9.9M |
| Loans held for investment | $13.0B | $11.2B | $11.4B | $10.9B |
| Allowance for credit losses | ($150.2M) | ($116.8M) | ($125.2M) | ($118.0M) |
| Loans receivable, net | $12.9B | $11.1B | $11.3B | $10.8B |
| FHLB stock, at cost | $36.6M | $21.0M | $30.1M | $40.1M |
| Accrued interest receivable | $56.3M | $46.4M | $47.4M | $35.5M |
| Real estate owned, net | $76.0K | $35.0K | $104.0K | $413.0K |
| Premises and equipment, net | $140.4M | $124.2M | $138.8M | $145.9M |
| Bank-owned life insurance | $294.4M | $253.1M | $251.9M | $255.1M |
| Goodwill | $444.3M | $381.0M | $381.0M | $381.0M |
| Other intangible assets, net | $39.7M | $2.8M | $5.3M | $8.6M |
| Other assets | $371.9M | $292.2M | $294.5M | $205.6M |
| Total assets | $16.8B | $14.4B | $14.4B | $14.1B |
| Deposits | $13.9B | $12.1B | $12.0B | $11.5B |
| Total borrowed funds | $446.3M | — | — | — |
| Subordinated debt | $114.8M | $114.5M | $114.2M | $113.8M |
| Junior subordinated debentures | $130.1M | $129.8M | $129.6M | $129.3M |
| Advances by borrowers for taxes and insurance | $37.3M | $42.0M | $45.3M | $47.6M |
| Accrued interest payable | $6.8M | $6.9M | $13.7M | $3.2M |
| Other liabilities | $197.8M | $173.1M | $186.3M | $182.1M |
| Total liabilities | $14.9B | $12.8B | $12.9B | $12.6B |
| Preferred stock, $0.01 par value: 50,000,000 authorized, no shares issued | 0 | 0 | 0 | 0 |
| Common stock, $0.01 par value: 500,000,000 shares authorized, 146,107,964 and 127,508,003 shares issued and outstanding, respectively | 1.5M | 1.3M | 1.3M | 1.3M |
| Additional paid-in capital | $1.3B | $1.0B | $1.0B | $1.0B |
| Retained earnings | $689.2M | $673.1M | $674.7M | $641.7M |
| Accumulated other comprehensive loss | ($70.7M) | ($110.9M) | ($149.5M) | ($171.2M) |
| Total shareholders’ equity | $1.9B | $1.6B | $1.6B | $1.5B |
| Total liabilities and shareholders’ equity | $16.8B | $14.4B | $14.4B | $14.1B |
| Line item | Jun 30, 2026 | Mar 31, 2026 | Sep 30, 2025 | Jun 30, 2025 |
|---|---|---|---|---|
| Cash and cash equivalents | $248.5M | $286.7M | $278.8M | $267.1M |
| Marketable securities available-for-sale (amortized cost of $1,972,165 and $1,710,978, respectively) | $1.8B | $1.7B | $1.3B | $1.2B |
| Marketable securities held-to-maturity (fair value of $550,416 and $605,929, respectively) | $630.8M | $646.7M | $702.4M | $719.6M |
| Total cash and cash equivalents and marketable securities | $2.7B | $2.7B | $2.3B | $2.2B |
| Loans held-for-sale | $15.4M | $16.8M | $22.3M | $13.1M |
| Loans held for investment | $13.2B | $13.1B | $12.9B | $11.3B |
| Allowance for credit losses | ($149.3M) | ($150.0M) | ($157.4M) | ($129.2M) |
| Loans receivable, net | $13.1B | $12.9B | $12.8B | $11.2B |
| FHLB stock, at cost | $43.3M | $32.8M | $33.3M | $17.8M |
| Accrued interest receivable | $57.5M | $57.2M | $55.5M | $47.0M |
| Real estate owned, net | $63.0K | $65.0K | $174.0K | $48.0K |
| Premises and equipment, net | $144.4M | $141.5M | $139.5M | $123.4M |
| Bank-owned life insurance | $293.4M | $292.1M | $303.1M | $255.7M |
| Goodwill | $445.0M | $444.3M | $438.4M | $381.0M |
| Other intangible assets, net | $35.3M | $37.5M | $47.9M | $1.9M |
| Other assets | $384.4M | $298.6M | $305.1M | $251.0M |
| Total assets | $17.2B | $16.9B | $16.4B | $14.5B |
| Noninterest-bearing demand deposits | $3.2B | $3.1B | $3.1B | $2.6B |
| Interest-bearing demand deposits | $2.9B | $2.9B | $2.9B | $2.6B |
| Money market deposit accounts | $2.8B | $2.7B | $2.5B | $2.2B |
| Savings deposits | $2.5B | $2.4B | $2.4B | $2.2B |
| Time deposits | $2.8B | $3.0B | $2.9B | $2.6B |
| Total deposits | $14.2B | $14.2B | $13.7B | $12.2B |
| Borrowed funds | $612.1M | $350.9M | $368.2M | $198.0M |
| Subordinated debt | $114.8M | $114.8M | $114.8M | $114.7M |
| Junior subordinated debentures | $130.2M | $130.2M | $130.0M | $130.0M |
| Advances by borrowers for taxes and insurance | $47.4M | $40.1M | $21.8M | $47.9M |
| Accrued interest payable | $8.4M | $8.6M | $10.6M | $7.7M |
| Other liabilities | $205.0M | $144.9M | $183.6M | $143.7M |
| Total liabilities | $15.3B | $15.0B | $14.5B | $12.8B |
| Preferred stock, $0.01 par value: 50,000,000 authorized, no shares issued | 0 | 0 | 0 | 0 |
| Common stock, $0.01 par value: 500,000,000 shares authorized, 146,396,520 and 146,107,964 shares issued and outstanding, respectively | 1.5M | 1.5M | 1.5M | 1.3M |
| Additional paid-in capital | $1.3B | $1.3B | $1.3B | $1.0B |
| Retained earnings | $734.4M | $710.4M | $672.8M | $699.0M |
| Accumulated other comprehensive loss | ($82.6M) | ($78.9M) | ($87.3M) | ($95.9M) |
| Total shareholders’ equity | $1.9B | $1.9B | $1.9B | $1.6B |
| Total liabilities and shareholders’ equity | $17.2B | $16.9B | $16.4B | $14.5B |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Net income | $126.0M | $100.3M | $135.0M | $133.7M |
| Provision for credit losses | $55.6M | $24.5M | $22.9M | $17.9M |
| (Gain)/loss on sale of investments | ($178.0K) | — | — | — |
| Net (gain)/loss on sale of assets | ($132.0K) | ($11.9M) | $2.1M | $42.0K |
| Mortgage banking activity | ($3.6M) | ($3.2M) | ($895.0K) | ($3.5M) |
| Gain on sale of SBA loans | ($2.8M) | ($3.6M) | ($1.8M) | — |
| Gain on sale of mortgage servicing rights | $0 | $0 | ($8.3M) | — |
| Gain on sale of loans | $0 | $0 | ($726.0K) | — |
| Net depreciation, amortization and accretion | $136.0K | $21.3M | $24.5M | $6.4M |
| Increase in other assets | ($29.8M) | ($2.2M) | ($117.8M) | ($33.8M) |
| Increase in other liabilities | $11.2M | $8.2M | $21.8M | $30.2M |
| Net amortization on marketable securities | ($511.0K) | $676.0K | $3.1M | $4.8M |
| Noncash compensation expense related to stock benefit plans | $6.1M | $6.1M | $4.6M | $4.1M |
| Noncash write-down of real estate owned | $325.0K | $6.7M | $100.0K | $54.0K |
| Deferred income tax (benefit)/expense | ($6.4M) | — | ($4.9M) | ($5.5M) |
| Origination of loans held-for-sale | ($195.8M) | ($268.2M) | ($198.6M) | ($362.9M) |
| Proceeds from sale of loans held-for-sale | $193.4M | $206.7M | $203.7M | $383.9M |
| Net cash provided by operating activities | $153.4M | $127.7M | $92.9M | $175.4M |
| Purchase of marketable securities available-for-sale | ($495.7M) | ($437.5M) | ($23.5M) | ($102.2M) |
| Proceeds from maturities and principal reductions of marketable securities held-to-maturity | $66.5M | $63.5M | $65.6M | $98.7M |
| Proceeds from maturities and principal reductions of marketable securities available-for-sale | $146.1M | $84.0M | $103.4M | $231.7M |
| Proceeds from sale of marketable securities available-for-sale | $79.5M | $275.6M | $101.2M | $0 |
| Proceeds from bank-owned life insurance | $776.0K | $874.0K | $13.3M | $5.1M |
| Proceeds from sale of mortgage servicing rights | $0 | $0 | $13.1M | — |
| Loan originations | ($4.4B) | ($3.0B) | ($4.0B) | ($4.6B) |
| Proceeds from loan maturities and principal reductions | $4.4B | $3.2B | $3.4B | $4.0B |
| Net redemptions of FHLB stock | $13.8M | $9.1M | $10.0M | ($26.0M) |
| Proceeds from sale of real estate owned | $896.0K | $1.0M | $2.7M | $1.6M |
| Purchases of premises and equipment, net | ($11.6M) | ($2.3M) | ($8.6M) | ($4.3M) |
| Acquisitions, net of cash received | $30.9M | — | — | $0 |
| Net cash (used in)/provided by investing activities | ($127.4M) | $175.0M | ($239.7M) | ($917.4M) |
| Net increase in deposits | $180.9M | $164.7M | $515.4M | ($836.6M) |
| Repayments of long-term borrowings | ($35.4M) | $0 | $0 | ($10.1M) |
| Net decrease in short-term borrowings | ($112.5M) | ($198.6M) | ($282.3M) | $542.1M |
| Decrease in advances by borrowers for taxes and insurance | ($4.7M) | ($3.2M) | ($2.4M) | $3.0M |
| Cash dividends paid on common stock | ($109.9M) | ($101.9M) | ($101.7M) | ($101.5M) |
| Proceeds from stock options exercised | $930.0K | $2.5M | $630.0K | $5.2M |
| Net cash (used in)/provided by financing activities | ($80.8M) | ($136.5M) | $129.7M | ($397.9M) |
| Net (decrease)/increase in cash and cash equivalents | ($54.7M) | $166.1M | ($17.1M) | ($1.1B) |
| Cash and cash equivalents at beginning of period | $288.4M | $122.3M | $139.4M | $1.3B |
| Cash and cash equivalents at end of period | $233.6M | $288.4M | $122.3M | $139.4M |
| Interest on deposits and borrowings (including interest credited to deposit accounts of $200,661, $170,754, and $86,316, respectively) | $224.4M | $240.4M | $141.8M | $26.7M |
| Income taxes | $40.6M | $27.8M | $48.0M | $39.4M |
| Fair value of assets acquired | $2.3B | — | — | $0 |
| Northwest Bancshares, Inc. common stock issued | -230.2M | — | — | 0 |
| Line item | Jun 30, 2026 · YTD | Mar 31, 2026 · Q1 | Sep 30, 2025 · YTD | Jun 30, 2025 · YTD |
|---|---|---|---|---|
| Net income | $104.1M | $50.5M | $80.3M | $77.1M |
| Provision for credit losses | $11.0M | $4.4M | $47.9M | $16.7M |
| (Gain)/loss on sale of investments | ($347.0K) | ($11.0K) | ($36.0K) | — |
| Net (gain)/loss on sale of assets | ($715.0K) | ($25.0K) | $68.0K | $206.0K |
| Mortgage banking activity | ($242.0K) | ($64.0K) | ($2.8M) | ($1.8M) |
| Gain on sale of SBA loans | ($2.4M) | ($1.2M) | ($2.4M) | ($2.1M) |
| Net depreciation, amortization and accretion | ($3.9M) | ($1.3M) | $1.7M | $1.7M |
| (Increase)/decrease in other assets | ($23.3M) | $63.3M | $36.6M | $34.5M |
| (Increase)/decrease in other liabilities | $8.8M | ($49.4M) | ($9.3M) | ($28.6M) |
| Net amortization on marketable securities | ($30.0K) | ($54.0K) | ($211.0K) | ($66.0K) |
| Noncash compensation expense related to stock benefit plans | $2.6M | $687.0K | $4.5M | $3.6M |
| Noncash write-down of other assets | $31.0K | $21.0K | $2.6M | $315.0K |
| Deferred income tax expense | ($38.0K) | — | ($8.2M) | ($860.0K) |
| Origination of loans held-for-sale | ($96.3M) | ($41.6M) | ($145.4M) | ($81.8M) |
| Proceeds from sale of loans held-for-sale | $106.4M | $48.5M | $141.9M | $86.3M |
| Net cash provided by operating activities | $105.6M | $73.9M | $147.2M | $105.3M |
| Purchase of marketable securities available-for-sale | ($392.2M) | ($213.2M) | ($134.2M) | ($112.2M) |
| Proceeds from maturities and principal reductions of marketable securities held-to-maturity | $52.2M | $36.5M | $47.6M | $30.7M |
| Proceeds from maturities and principal reductions of marketable securities available-for-sale | $91.6M | $40.4M | $88.2M | $49.6M |
| Proceeds from sale of marketable securities available-for-sale | $40.2M | — | $80.2M | $0 |
| Proceeds from bank-owned life insurance | $14.3M | $14.3M | $776.0K | $111.0K |
| Loan originations | ($3.0B) | ($1.4B) | ($3.1B) | ($2.0B) |
| Proceeds from loan maturities and principal reductions | $2.7B | $1.3B | $3.2B | $1.9B |
| Net proceeds of FHLB stock | ($6.7M) | $3.8M | $17.1M | $3.2M |
| Proceeds from sale of real estate owned | $43.0K | $21.0K | $584.0K | $410.0K |
| Purchases of premises and equipment, net | ($9.9M) | ($4.3M) | ($9.1M) | ($5.5M) |
| Net cash used in investing activities | ($427.8M) | ($169.4M) | $235.2M | ($136.0M) |
| Net increase in deposits | $218.8M | $270.3M | ($65.9M) | $56.5M |
| Repayments of long-term borrowings | ($27.6M) | ($24.2M) | — | — |
| Net increase/(decrease) in short-term borrowings | $193.5M | ($71.1M) | ($226.1M) | ($2.3M) |
| Increase in advances by borrowers for taxes and insurance | $10.1M | $2.8M | ($20.2M) | $5.8M |
| Cash dividends paid on common stock | ($58.9M) | ($29.4M) | ($80.6M) | ($51.2M) |
| Proceeds from stock options exercised | $1.1M | $243.0K | $763.0K | $586.0K |
| Net cash provided by financing activities | $337.1M | $148.6M | ($392.0M) | $9.4M |
| Net increase in cash and cash equivalents | $14.9M | $53.1M | ($9.6M) | ($21.3M) |
| Cash and cash equivalents at beginning of period | $233.6M | $233.6M | $288.4M | $288.4M |
| Cash and cash equivalents at end of period | $248.5M | $286.7M | $278.8M | $267.1M |
| Interest on deposits and borrowings (including interest credited to deposit accounts of $85,455 and $80,748, respectively) | $115.7M | $57.3M | $160.0M | $105.9M |
| Income taxes | $27.4M | $542.0K | $35.6M | $27.8M |
| Loan foreclosures and repossessions | $2.6M | $1.2M | $3.0M | $2.0M |
Northwest Bancshares, Inc. score and earnings-call analysis · All covered companies
Figures as reported in SEC filings. General information, not investment advice.