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Northwest Bancshares, Inc. Announces First Quarter 2026 GAAP net income of $51 million, or $0.34 per diluted share
Northwest Bancshares, Inc., (the "Company"), (Nasdaq: NWBI) announced net income for the quarter ended March 31, 2026 of $51 million, or $0.34 per diluted share. This represents an increase of $7 million compared to the same quarter last year, when net income was $43 million, or $0.34 per diluted share, and an increase of $5 million compared to the prior quarter, when net income was $46 million, or $0.31 per share. The annualized returns on average shareholders' equity and average assets for the
About this update from Northwest Bancshares, Inc.
[{"type":"text","content":"Adjusted net income (non-GAAP) of $51 million, or $0.35 per diluted share","length":73,"tagName":"p","attribs":{}},{"type":"text","content":"Net interest margin continues to expand to 3.70%","length":48,"tagName":"p","attribs":{}},{"type":"text","content":"28% average commercial and industrial loan growth from prior year","length":65,"tagName":"p","attribs":{}},{"type":"text","content":"Credit quality remained strong with annualized net charge-offs of 0.16% and nonperforming assets of 0.70%","length":105,"tagName":"p","attribs":{}},{"type":"text","content":"COLUMBUS, Ohio, April 27, 2026 /PRNewswire/ -- Northwest Bancshares, Inc., (the "Company"), (Nasdaq: NWBI) announced net income for the quarter ended March 31, 2026 of $51 million, or $0.34 per diluted share. This represents an increase of $7 million compared to the same quarter last year, when net income was $43 million, or $0.34 per diluted share, and an increase of $5 million compared to the prior quarter, when net income was $46 million, or $0.31 per share. The annualized returns on average shareholders' equity and average assets for the quarter ended March 31, 2026 were 10.86% and 1.22% compared to 10.90% and 1.22% for the same quarter last year and 9.70% and 1.10% for the prior quarter.","length":725,"tagName":"p"},{"type":"image","alt":"(PRNewsfoto/Northwest Bancshares, Inc.)","displaySize":"","headline":null,"caption":"(PRNewsfoto/Northwest Bancshares, Inc.)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":88,"url":"https://media.zenfs.com/en/prnewswire.com/7709fa7f0a4d0602595db3baefe0f452"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/TltJ5gATVZuINb_zc0d7Vg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTE1NQ--/https://media.zenfs.com/en/prnewswire.com/7709fa7f0a4d0602595db3baefe0f452","width":400,"height":88}},"href":"https://mma.prnewswire.com/media/1019366/Northwest_Bancshares_1_Logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"Adjusted net income (non-GAAP) for the quarter ended March 31, 2026 was $51 million, or $0.35, per diluted share, which increased by $2 million from $49 million, or $0.33, per diluted share, in the prior quarter. This increase was primarily driven by a decrease in adjusted noninterest expense of $6 million and a decrease in provision for credit losses expen...