{"id":900738,"date":"2025-10-27T16:20:26","date_gmt":"2025-10-27T20:20:26","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/northwest-bancshares-inc-announces-third-quarter-2025-gaap-net-income-of-3-million-or-0-02-per-diluted-share\/"},"modified":"2025-10-27T16:20:26","modified_gmt":"2025-10-27T20:20:26","slug":"northwest-bancshares-inc-announces-third-quarter-2025-gaap-net-income-of-3-million-or-0-02-per-diluted-share","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/northwest-bancshares-inc-announces-third-quarter-2025-gaap-net-income-of-3-million-or-0-02-per-diluted-share\/","title":{"rendered":"Northwest Bancshares, Inc. Announces Third Quarter 2025 GAAP net income of $3 million, or $0.02 per diluted share"},"content":{"rendered":"
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PR Newswire<\/p>\n<\/p><\/div>\n

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\n Year to date EPS of $0.61<\/span> per diluted share, 15% growth from the prior year <\/b>\n <\/p>\n

\n Record total revenue of $168 million<\/span>, 21% growth over prior year quarter<\/b>\n <\/p>\n

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\n COLUMBUS, Ohio<\/span>
\n <\/span>, Oct. 27, 2025<\/span><\/span> \/PRNewswire\/ —\u00a0Northwest Bancshares, Inc., (the “Company”), (Nasdaq: NWBI) announced net income for the quarter ended September 30, 2025<\/span> of $3 million<\/span>, or $0.02<\/span> per diluted share. This represents a decrease of $31 million<\/span> compared to the prior quarter and same quarter last year, when net income was $34 million<\/span>, or $0.26<\/span> per diluted share, in both periods. The annualized returns on average shareholders’ equity and average assets for the quarter ended September 30, 2025<\/span> were 0.69% and 0.08% compared to 8.50% and 0.93% for the same quarter last year and 8.26% and 0.93% for the prior quarter.\u00a0<\/p>\n

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\n \"(PRNewsfoto\/Northwest
\n <\/a>\n <\/p>\n<\/p><\/div>\n

Adjusted net income (non-GAAP) for the quarter ended September\u00a030, 2025 was $41 million<\/span>, or $0.29<\/span>, per diluted share, which increased by $3 million<\/span> from $38 million<\/span>, or $0.30<\/span>, per diluted share, in the prior quarter. This increase was primarily driven by a $17 million<\/span> increase in net interest income from the addition of Penns Woods which was partly offset by an increase in adjusted noninterest expense of $11 million<\/span>. The adjusted annualized returns on average shareholders’ equity (non-GAAP) and average assets (non-GAAP) for the quarter ended September 30, 2025<\/span> were 8.89% and 1.01% compared to 9.36% and 1.06% for the prior quarter.<\/p>\n

On July 25, 2025<\/span>, the Company completed its acquisition of Penns Woods Bancorp, Inc. (“Penns Woods”) and its results of operations are included in the Company’s consolidated results since the date of acquisition. Therefore, the Company’s third quarter and year to date 2025 results reflect increased levels of average balances, net interest income, and noninterest expense compared to the prior quarter and 2024 results. After purchase accounting fair value adjustments, the acquisition added $2.2 billion<\/span> of total assets, including $1.8 billion<\/span> of loans, $164 million<\/span> of investments, of which $82 million<\/span> were immediately sold, as well as $2.0 billion<\/span> of total liabilities, primarily consisting of $1.6 billion<\/span> in deposits. The Company recorded preliminary goodwill of $61 million<\/span> and core deposit intangibles of $48 million<\/span> related to the acquisition.<\/p>\n

The Company also announced that its Board of Directors declared a quarterly cash dividend of $0.20<\/span> per share payable on November\u00a018, 2025 to shareholders of record as of November\u00a06, 2025. This is the 124th consecutive quarter in which the Company has paid a cash dividend. Based on the market value of the Company’s common stock as of September\u00a030, 2025, this represents an annualized dividend yield of approximately 6.5%.<\/p>\n

\n Louis J. Torchio<\/span>, President and CEO, Northwest Bancshares commented, “I am pleased with our first quarter of performance as a combined company. The team completed merger integration activities on time, while staying focused on executing our strategy, and delivering on our commitment to sustainable, responsible, and profitable growth. The benefits of the additional scale from the merger are already evident. We delivered a record $168 million<\/span> in revenue for the quarter, more than 25% year over year average commercial C&I loan growth continuing our strategic re-balancing, and drove a strong 3Q net interest margin of 3.65% as we maintained our loan yield and low-cost, high-quality, stable funding base.”\u00a0<\/p>\n

“We are expanding our footprint through new branch openings in high growth markets, and have just broken ground on the first of three Columbus<\/span> market financial centers scheduled for mid-2026 opening. We continue to enhance our capabilities, and provide personalized services and expertise to our customers and the growing number of communities we serve.”<\/p>\n

\n Balance Sheet Highlights<\/b>\n <\/p>\n

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\n Dollars in thousands<\/i>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n

\n
\n Change 3Q25 vs.<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n

\n
\n 3Q25<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n 2Q25<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n 3Q24<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n 2Q25<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n 3Q24<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Average loans receivable<\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0 12,568,497<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 11,248,954<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 11,223,602<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 11.7\u00a0%<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 12.0\u00a0%<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Average investments<\/span>\n <\/p>\n<\/td>\n

\n

\n 2,111,928<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 2,056,476<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 1,998,855<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 2.7\u00a0%<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 5.7\u00a0%<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Average deposits<\/span>\n <\/p>\n<\/td>\n

\n

\n 13,296,651<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 12,154,001<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 12,096,811<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 9.4\u00a0%<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 9.9\u00a0%<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Average borrowed funds<\/span>\n <\/p>\n<\/td>\n

\n

\n 347,357<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 208,342<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 220,677<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 66.7\u00a0%<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 57.4\u00a0%<\/span>\n <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n