Northwest Bancshares, Inc. · NASDAQ:NWBI
Northwest Bancshares — Q3 2026 Earnings Presentation
22 slides from Northwest Bancshares's earnings presentation, Oct 27, 2026
Slide 1: Third Quarter 2026 Earnings Conference Call
Third Quarter 2026 Earnings Conference Call October 27, 2026 Louis J. Torchio Douglas M. Schosser President and Chief Executive Officer Chief Financial Officer T.K. Creal Michael D. Perry Chief Credit Officer Corporate Development & Strategy Investor Relations
Slide 2: Forward-looking Statements and Additional Information
Forward-looking Statements and Additional Information The information contained in this presentation may contain forward-looking statements. The words “believe,” “anticipate,” “estimate,” “expect,” “project,” “target,” “goal” and similar expressions are examples of language intended to identify forw
Slide 3: Northwest Bancshares At-A-Glance
Northwest Bancshares At-A-Glance For the quarter ended September 30, 2026 FOUNDED FINANCIAL CENTERS 1896 153 TOTAL ASSETS TOTAL LOANS TOTAL DEPOSITS NIM* $17.3B $13.4B $14.3B 3.70% ROA ROE ROTCE Diluted EPS 1.18% 10.42% 13.86% $0.34 Adjusted ROA* Adjusted ROE* Adjusted ROTCE* Adjusted Diluted EPS* 1
Slide 4: 3Q 2026 Highlights
3Q 2026 Highlights Balance Sheet Revenue Net interest Returns and Management Growth Income Efficiency (ROAA) (ROTCE)* +$201 MM $185 MM $149 MM 1.18% 13.86% 3Q26 Avg. C&I Loan 3Q26 Revenue 3Q26 Net Interest Adjusted* Adjusted* Growth (A Record Quarter) Income 1.18% 13.91% (A Record Quarter) 3Q26 Retu
Slide 5: 3Q 2026 Highlights
3Q 2026 Highlights METRIC 3Q26 QoQΔ YoYΔ Summary Comments EPS $.34 -$.02 $.32 • Net interest income grew $2 million or 1.4% QoQ benefiting from Adjusted EPS* $.35 -$.02 $.06 growth in average earning balances and increased securities portfolio yields Net Interest Income $149.0 1.4% 9.5% Noninterest
Slide 6: Loan Balances
Loan Balances Summary Comments • Total loans grew $164 million in 3Q26 representing a 5% 201 13,302 annualized growth rate with average loans growing $208 million 140 13,094 QoQ (104) (26) (3) • Average C&I loans increased $201 million, or 7.2% QoQ and $702 $ Millions Combined million, or 30.8% YoY
Slide 7: Deposit Balances
Deposit Balances Summary Comments 15,000 • Total deposits grew $113 million in 3Q26 with average deposits 14,500 27 74 1 14,140 growing $6 million QoQ and $844 million YoY 14,134 14,000 (13) (83) • Cost of deposits remained stable for the third quarter, increasing to 1.44%; up 1 bp QoQ, benefiting f
Slide 8: Net Interest Margin
Net Interest Margin 150 Summary Comments 143 143 148 137 2 • Net interest margin decreased 5 bps to 3.70% in 3Q26 3 4 3 2 • Net interest income grew $2.0 million QoQ 145 148 135 139 140 • Borrowings increased QoQ resulting in 4 bps of negative impact to net interest margin QoQ impacted by the redemp
Slide 9: Securities Portfolio
Securities Portfolio Summary Comments Municipal, 3% • New securities purchases were consistent with the current Treasury, 6% composition of the portfolio and continue to strengthen an already Corporate, 4% strong source of liquidity Agency • Portfolio yield continues to increase as new purchases com
Slide 10: Noninterest Income
Noninterest Income Summary Comments • Noninterest income increased by $1.7 million or 5.0% QoQ, driven by service charges and fees and an increase in trust and other fund services income as the wealth management business continues to grow • Noninterest income increased $3.7 million or 11.6% YoY, ben
Slide 11: Noninterest Expense
Noninterest Expense Summary Comments Expense Mix and Efficiency Trend • Noninterest expense of $109 million in 3Q26 increased by $4.7 million QoQ 3Q25 4Q25 1Q26 2Q26 3Q26 • Non-personnel expense increased by $4 million due to an increase of Efficiency Ratio 79.38% 63.09% 59.43% 57.56% 58.94% $3 mill
Slide 12: Allowance for Credit Losses
Allowance for Credit Losses Summary Comments 13,393 13,229 • Overall ACL coverage was relatively stable at 1.12%, down 1 bp from 12,941 13,007 13,056 2Q26 • Quarterly annualized net charge-offs of 15 bps in 3Q26 were below full 1.22% year guidance levels 1.15% 1.15% Total Loans 1.13% 1.12% • The tot
Slide 13: Credit Quality
Credit Quality Summary Comments • Total delinquency remained flat QoQ, as increased delinquency in the SBA portfolio was offset by improved performance in the CRE portfolio • NPAs increased to 0.76% in 3Q26 while 90 day plus delinquency decreased from 0.49% to 0.36% QoQ driven by improved performanc
Slide 14: Credit Quality Breakdown
Credit Quality Breakdown Summary Comments Other Non RE Collateral 20.3% • Total Classified Loans decreased to $469 million representing All Others 3.50% of total loans as of 3Q26 driven by payoffs and upgrades in ~20 other property types the portfolio 49.3% • Classified Other Non RE Collateral remai
Slide 15: 2026 Outlook
2026 Outlook(1) 2025 Baseline FY2026 (vs. FY2025) FY Outlook Loan Balance EOP $13.0 Billion Loan Growth: Low to Mid single digits Unchanged Deposit Balance EOP $13.9 Billion Deposit Growth: Low single digits Revenue $655 Million $710 Million - $730 Million High 4Q26: Net Interest Margin (FTE)* 3.69%
Slide 16: Non-GAAP Reconciliation
Non-GAAP Reconciliation 1 * Dollars in thousands, except per share amounts 16
Slide 17: Non-GAAP Reconciliation
Non-GAAP Reconciliation 2 * Dollars in thousands, except per share amounts 17
Slide 18: Non-GAAP Reconciliation
Non-GAAP Reconciliation 3 * Dollars in thousands, except per share amounts 18
Slide 19: Non-GAAP Reconciliation
Non-GAAP Reconciliation 4 * Dollars in thousands, except per share amounts 19
Slide 20: Appendix
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Slide 21: Earning Asset & Funding Mix
Earning Asset & Funding Mix Earning Asset Mix Funding Mix Floating Periodic Distribution Total % Fixed % Distribution Total % < 1 Year * > 1 Year * % % Securities 15% 97% 0% 3% Demand 21% 100% 0% Residential mortgage 19% 94% 4% 2% Interest-bearing demand 20% 100% 0% Home equity 9% 55% 45% 0% Money m
Slide 22: Commercial Loan Distribution & CRE Concentration
Commercial Loan Distribution & CRE Concentration Summary Comments Commercial Commitments by Industry • Commercial loan growth in 3Q26 was driven by multiple lines of business Real Estate and All Others led by the specialty verticals and middle market ~16 other Rental and Leasing industries 30.8% • R