{"id":985193,"date":"2026-07-27T16:15:56","date_gmt":"2026-07-27T20:15:56","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/northwest-bancshares-inc-announces-record-second-quarter-2026-gaap-net-income-of-54-million-or-0-36-per-diluted-share\/"},"modified":"2026-07-27T16:15:56","modified_gmt":"2026-07-27T20:15:56","slug":"northwest-bancshares-inc-announces-record-second-quarter-2026-gaap-net-income-of-54-million-or-0-36-per-diluted-share","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/northwest-bancshares-inc-announces-record-second-quarter-2026-gaap-net-income-of-54-million-or-0-36-per-diluted-share\/","title":{"rendered":"Northwest Bancshares, Inc. Announces Record Second Quarter 2026 GAAP net income of $54 million, or $0.36 per diluted share"},"content":{"rendered":"
\n

PR Newswire<\/p>\n<\/p><\/div>\n

\n

\n Adjusted diluted EPS (non-GAAP) of $0.37 per share<\/b>\n <\/p>\n

\n Net interest margin continues to expand to 3.75%<\/b>\n <\/p>\n

\n 5.3% annualized loan growth from prior quarter<\/b>\n <\/p>\n

\n Credit quality remained strong with annualized net charge-offs of 0.15% and nonperforming assets of 0.69%<\/b>\n <\/p>\n

\n COLUMBUS, Ohio<\/span>, July 27, 2026<\/span> \/PRNewswire\/ — Northwest Bancshares, Inc., (the “Company”), (Nasdaq: NWBI) announced record\u00a0 net income for the quarter ended June 30, 2026 of $54 million, or $0.36 per diluted share. This represents an increase of $20 million compared to the same quarter last year, when net income was $34 million, or $0.26 per diluted share, and an increase of $3 million compared to the prior quarter, when net income was $51 million, or $0.34 per share. The annualized returns on average shareholders’ equity and average assets for the quarter ended June 30, 2026 were 11.20% and 1.27% compared to 8.26% and 0.93% for the same quarter last year and 10.86% and 1.22% for the prior quarter.\u00a0<\/p>\n

\n

\n \"\"\n <\/p>\n<\/p><\/div>\n

Adjusted net income (non-GAAP) for the quarter ended June\u00a030, 2026 was $54 million, or $0.37, per diluted share, which increased by $3 million from $51 million, or $0.35, per diluted share, in the prior quarter. This increase was primarily driven by an increase in net interest income of $4 million and an increase in noninterest income of $2 million which were partially offset by an increase in provision for credit losses expense of $2 million. The adjusted annualized returns on average shareholders’ equity (non-GAAP) and average assets (non-GAAP) for the quarter ended June\u00a030, 2026 were 11.26% and 1.28% compared to 10.95% and 1.23% for the prior quarter.<\/p>\n

The Company also announced that its Board of Directors declared a quarterly cash dividend of $0.20 per share payable on August\u00a018, 2026 to shareholders of record as of August\u00a06, 2026. This is the 127th consecutive quarter in which the Company has paid a cash dividend. Based on the market value of the Company’s common stock as of June\u00a030, 2026, this represents an annualized dividend yield of approximately 5.3%.<\/p>\n

Louis J. Torchio, President and CEO, Northwest Bancshares commented, “I am pleased to report a strong second quarter performance, with Northwest delivering another quarter of record net income, more than 59% year-over-year growth, supported by a balanced and consistent performance across the whole bank. We drove 32% year-over-year average loan growth in our C&I business, with disciplined growth in our national specialty business verticals, and benefited from the strength of our retail deposit franchise, achieving our fourth consecutive quarter of lower deposit costs, one of the best-in-class among our peers.\u00a0<\/p>\n

We produced these results while continuing to invest in talent, technology, and new financial centers, and maintaining expense management discipline, driving another quarter of improved performance with our efficiency ratio at 57.6% and our adjusted efficiency ratio at 56.2% for the quarter.\u00a0<\/p>\n

Building on our strong first half performance, and our team already making an impact in the Columbus market, attracting new talent, customers, and deposits, we continue to focus on organic growth initiatives, further optimizing our financial performance, expanding our financial center network, and serving our core customers and communities.”<\/p>\n

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

\n\n\n\n\n\n\n\n
\n

\n
\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 2Q26 vs.<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

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

\n
\n 2Q26<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

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

\n
\n 1Q26<\/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 1Q26<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

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

\n
\n 2Q25<\/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\u00a013,094,235<\/span>\n <\/p>\n<\/td>\n

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

\n 13,083,837<\/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 0.1\u00a0%<\/span>\n <\/p>\n<\/td>\n

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

\n 16.4\u00a0%<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

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

\n

\n 2,531,603<\/span>\n <\/p>\n<\/td>\n

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

\n 2,466,992<\/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 2.6\u00a0%<\/span>\n <\/p>\n<\/td>\n

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

\n 23.1\u00a0%<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

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

\n

\n 14,133,825<\/span>\n <\/p>\n<\/td>\n

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

\n 14,046,735<\/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 0.6\u00a0%<\/span>\n <\/p>\n<\/td>\n

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

\n 16.3\u00a0%<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

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

\n

\n 379,262<\/span>\n <\/p>\n<\/td>\n

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

\n 404,547<\/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 (6.3)\u00a0%<\/span>\n <\/p>\n<\/td>\n

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

\n 82.0\u00a0%<\/span>\n <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n