Northwest Bancshares, Inc. · NASDAQ:NWBI
Northwest Bancshares — Q1 2026 Earnings Presentation
22 slides from Northwest Bancshares's earnings presentation, Apr 28, 2026
Slide 1: First Quarter 2026 Earnings Conference Call
First Quarter 2026 Earnings Conference Call April 28, 2026 Louis J. Torchio T.K. Creal President and Chief Executive Officer Chief Credit Officer Douglas M. Schosser Michael D. Perry Chief Financial Officer Corporate Development & Strategy Investor Relations Chad R. Wheeler Treasurer
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. When used or incorporated by reference in disclosure documents, the words “believe,” “anticipate,” “estimate,” “expect,” “project,” “target,” “goal” and simila
Slide 3: Northwest Bancshares At-A-Glance
Northwest Bancshares At-A-Glance For the quarter ended March 31, 2026 FOUNDED FINANCIAL CENTERS 1896 151 TOTAL ASSETS TOTAL LOANS TOTAL DEPOSITS NIM* $16.9B $13.1B $14.2B 3.70% ROA ROE ROTCE* Diluted EPS 1.22% 10.86% 14.59% $0.34 Adjusted ROA* Adjusted ROE* Adjusted ROTCE* Adjusted Diluted EPS* 1.23
Slide 4: 1Q 2026 Highlights
1Q 2026 Highlights Balance Sheet Net Income Net Interest Returns and Management Growth Income Efficiency (ROAA) (ROTCE)* +$191 MM $51 MM 3.70% 1.22% 14.59% 1Q26 Avg. C&I Loan 1Q26 Net Income 1Q26 NIM* 1Q26 Returns Growth (A Record Quarter) Adjusted* 59.4% 57.8% +28.2% +16.3% +11.5% YOY Avg. C&I Loan
Slide 5: 1Q 2026 Highlights Summary Comments
1Q 2026 Highlights Metric 1Q26 QoQΔ YoYΔ Summary Comments EPS $.34 $.03 $.00 • Net interest income grew $0.3 million or 0.2% QoQ with net interest margin* improving to 3.70% benefiting from increased Adjusted EPS* $.35 $.02 $.00 securities portfolio yields and a decrease in cost of deposits Net Inte
Slide 6: Loan Balances
Loan Balances Summary Comments Combined Loan Average Balances • Average loans grew $102 million QoQ 191 13,084 12,982 118 • Average C&I loans increased $191 million, or 7.8% QoQ and (69) (11) (127) $579 million, or 28.2% YoY driven by growth in several of the $ Millions new verticals and in other co
Slide 7: Deposit Balances
Deposit Balances 15,000 Summary Comments Change in Deposit Mix 14,500 • Deposit balances remained strong as average total deposits grew by 126 14,047 14,000 86 34 $276 million QoQ partially benefiting from continued focus on 13,771 60 commercial growth and deepening consumer relationships (30) 13,50
Slide 8: Net Interest Margin
Net Interest Margin Summary Comments Net Interest Income (FTE) and NIM (FTE) Trends 160.0 5.50% • Net interest margin increased 1 bp to 3.70% in 1Q26 137 143 143 140.0 129 5.00% • Net interest income grew $0.3 million QoQ 3 120 2 4 120.0 140 4.50% • Securities portfolio yields continue to increase a
Slide 9: Securities Portfolio
Securities Portfolio Summary Comments Securities Portfolio • New securities purchases were consistent with the current composition Municipal, 4% Treasury/Agency, of the portfolio and continue to strengthen an already strong source of 6% liquidity Agency CMBS, • Portfolio yield continues to increase
Slide 10: Noninterest Income
Noninterest Income Comments Noninterest Income Trend • Noninterest income decreased $5.2 million QoQ, driven by a decrease in Bank-owned life insurance income due to a higher BOLI benefit recorded in 4Q 2025 • Noninterest income increased $4.2 million YoY, benefiting from an increase in service char
Slide 11: Noninterest Expense
Noninterest Expense Comments Expense Mix and Efficiency Trend • Noninterest expense of $104.0 million in 1Q26 declined 8.4% 1Q25 2Q25 3Q25 4Q25 1Q26 QoQ due to lower compensation and benefits expense as 4Q25 Efficiency Ratio 58.74% 64.86% 79.38% 63.09% 59.43% was driven by the completion and recogni
Slide 12: Allowance for Credit Losses
Allowance for Credit Losses Summary Comments Total Loans and Allowance Coverage 12,941 13,007 13,056 • Overall ACL coverage at 1.15% is flat from 4Q25 11,216 11,342 • Quarterly annualized net charge-offs of 16 bps, below full year 1.22% $ Millions guidance levels 1.14% 1.15% 1.15% • The total provis
Slide 13: Credit Quality
Credit Quality Overview • Total delinquency decreased from 1.50% to 1.30% QoQ, primarily as a result of planned runoff in the CRE criticized portfolio • 90 day plus delinquency declined from 0.51% to 0.34% and NPAs decreased by $16.5MM QoQ mostly due to the payoff of a long- term healthcare facility
Slide 14: Credit Quality Breakdown
Credit Quality Breakdown Summary Comments Classified Loans 600.0 527.0 7.00% • Classified “Other Non RE Collateral” loans increased from 17.5% to 518.2 497.6 500.0 453.4 6.00% 22.8% 5.00% 400.0 • Classified “Nursing Home” exposure was managed down from 279.1 4.00% $ Millions 300.0 4.57% 18.9% to 16.
Slide 15: 2026 Outlook
2026 Outlook(1) 2025 Baseline FY2026 (vs. FY2025) Loan Balance EOP $13.0 Billion Loan Growth: Low to Mid single digits Deposit Balance EOP $13.9 Billion Deposit Growth: Low single digits Revenue $655 Million $710 Million - $730 Million Net Interest Margin (FTE)* 3.69% Low 370s bps Noninterest Income
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 March 31, December 31, March 31, 2026 2025 2025 Tangible common equity to assets Total shareholders’ equity $ 1,904,307 1,890,424 1,628,955 Less: goodwill and intangible assets (481,808) (483,997) (383,331) Tangible common equity $ 1,422,499 1,406,427 1,245,624 Total assets
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 Ending balances Total Fixed Floating Periodic Ending balances ($ Millions) 1Q26 % % % % ($ Millions) 1Q26 Total % < 1 Year * > 1 Year * Securities 2,394 15% 97% 0% 3% Demand 3,121 21% 100% 0% Residential mortgage 3,036 20% 94% 4% 2% Interest-
Slide 22: Commercial Loan Distribution & CRE Concentration
Commercial Loan Distribution & CRE Concentration Summary Comments Commercial Commitments by Industry • Portfolio continues to diversify with the growth of the specialty verticals and reduced reliance on real estate collateral • Disciplined adherence to internal concentration thresholds has allowed N