Northwest Bancshares, Inc. · NASDAQ:NWBI

Northwest Bancshares — Investor Presentation (November 2026)

38 slides from Northwest Bancshares's investor presentation, Nov 4, 2026

  1. Slide 1: Investor Presentation Northwest Bancshares, Inc.

    N o v e m b e r 2 0 2 6 Investor Presentation Northwest Bancshares, Inc. · NASDAQ: NWBI 01 Commercial Lending 02 De Novo Activity 03 Low-Cost, Granular Deposits 04 Proven Acquirer 05 Leadership Transformation

  2. Slide 2: Forward-looking Statements and Additional Information

    2 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 fo

  3. Slide 3: The Northwest investment thesis

    N A S D A Q : N W B I · 3 Q 2 0 2 6 The Northwest investment thesis A transformed, well-capitalized regional bank compounding growth across deposits, capital, leadership, M&A and C&I lending. 4-state franchise 153 financial centers As of or for the quarter ended September 30, 2026. Certain metrics a

  4. Slide 4: Driving valuable growth through specialty verticals

    01 Commercial Lending 02 De Novo Activity 03 Low-Cost, Granular Deposits 04 Proven Acquirer 05 Leadership Transformation National Verticals SBA (est. 2023) Equipment Finance (est. 2023) Sponsor Finance (est. 2023) Sports Finance (est. 2023) Franchise Finance (est. 2024) COMMERCIAL LENDING - NATIONAL

  5. Slide 5: Commercial Portfolio Growth in National Verticals Drives C&I Momentum

    49% 22% 29% 3Q 2026 EOP Commercial Banking Loans (%) CRE C&I National Verticals 01 Commercial Lending 02 De Novo Activity 03 Low-Cost, Granular Deposits 04 Proven Acquirer 05 Leadership Transformation Commercial Portfolio Growth in National Verticals Drives C&I Momentum Stabilizing Legacy Commercial

  6. Slide 6: Commercial momentum is reshaping the loan mix

    $(26) $(3) $140 $(104) $201 $13,094 $13,302 Q2 2026 Residential Home Equity Consumer CRE C&I Q3 2026 +31% YoY average C&I loan growth LOAN MIX BY SEGMENT Avg. Balance ($B) Growth · Stabilize · De-emphasize A D V A N C I N G T H E I N V E S T M E N T T H E S I S Loan Yields & Average Balance ($B) Ave

  7. Slide 7: Northwest's Expansion in the Columbus Market

    We recently held the grand opening of our second financial center in Columbus, with three additional locations to be completed by early 2027. 01 Commercial Lending 02 De Novo Activity 03 Low-Cost, Granular Deposits 04 Proven Acquirer 05 Leadership Transformation New Albany, OH Financial Center Rende

  8. Slide 8: Northwest's Growth in the Attractive Columbus Market

    Northwest’s Growth in the Attractive Columbus Market 01 Commercial Lending 02 De Novo Activity 03 Low-Cost, Granular Deposits 04 Proven Acquirer 05 Leadership Transformation Columbus MSA(1) 5.45%Population Growth (%) (2020-2026) 12.9%Deposit Growth (%) (2024-2025) $119 BillionTotal Deposits in Marke

  9. Slide 9: Financial Center Locations Drive Low-Cost, Granular Deposits

    P1 P2 P3 NWBI P4 P5 P6 P7 P8 P9 P10 P11 P12 P13 P14 P15 P16 COST OF DEPOSITS - 2Q26 (%) Financial Center Locations Drive Low-Cost, Granular Deposits $14.3B Total deposits 6.6% Deposit Growth – 3Yr CAGR 715K+ Customer accounts ~12.6 yrs Avg customer tenure Proxy Peers sourced from S&P Capital IQ, 2Q2

  10. Slide 10: Low-Cost, Granular Funding Base

    $13.3B $13.8B $14.1B $14.1B $14.1B 1.55% 1.53% 1.48% 1.43% 1.44% Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 $27 $(13) $74 $1 $(83) $14,134 $14,140 Q2 2026 Demand Int-bearing Demand Money Market Savings Time Q3 2026 10A D V A N C I N G T H E I N V E S T M E N T T H E S I S 01 Commercial Lending 02 De No

  11. Slide 11: Transformation from a Demutualized Thrift to a Regional Bank

    Transformation from a Demutualized Thrift to a Regional Bank Period-end balances, Source: company filings. $9.85 $9.37 $9.63 $9.72 $9.88 2Q 2025 3Q 2025 4Q 2025 1Q 2026 2Q 2026 PWOD Acquisition TBV / Share Earn-back: Static Method Successful execution and integration achieved 100% of cost savings ea

  12. Slide 12: Strengthening and Deepening Leadership Team

    12 2023 2024 2025 2026 Louis J. Torchio August 2022 President, CEO & Director Jay M. DesMarteau June 2023 Chief Commercial Banking Officer TD Bank Lending Club Erin F. Siegfried September 2025 Chief Legal Counsel Huntington Gregory J. Betchkal March 2023 Chief Risk Officer Bread Financial Citigroup

  13. Slide 13: 2025 Head of Corporate Development and Strategy Michael Perry Morgan Stanley & Merrill Lynch

    2025 Head of Corporate Development and Strategy Michael Perry Morgan Stanley & Merrill Lynch 2023 2025 2026 A D V A N C I N G T H E I N V E S T M E N T T H E S I S 01 Commercial Lending 02 De Novo Activity 03 Low-Cost, Granular Deposits 04 Proven Acquirer 05 Leadership Transformation 13 2025 Executi

  14. Slide 14: Appendix

    >»» Appendix

  15. Slide 15: 2026 Outlook

    15 2026 Outlook(1) * Non-GAAP financial measure; See "Use of non-GAAP Financial Measures” and Non-GAAP reconciliations herein | (1) The reconciliation with respect to forward-looking non-GAAP measures is expected to be consistent with actual non-GAAP reconciliations included in the appendix 2025 Bas

  16. Slide 16: Non-GAAP Reconciliation

    16* Dollars in thousands, except per share amounts Non-GAAP Reconciliation

  17. Slide 17: Third Quarter 2026 Earnings Conference Call

    Third Quarter 2026 Louis J. Torchio President and Chief Executive Officer T.K. Creal Chief Credit Officer Douglas M. Schosser Chief Financial Officer Michael D. Perry Corporate Development & Strategy Investor Relations Earnings Conference Call October 27, 2026

  18. Slide 18: Forward-looking Statements and Additional Information

    18 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 f

  19. Slide 19: Northwest Bancshares At-A-Glance

    19 FOUNDED 1896 TOTAL ASSETS $17.3B TOTAL DEPOSITS $14.3B TOTAL LOANS $13.4B FINANCIAL CENTERS 153 ROA 1.18% NIM* 3.70% * Non-GAAP financial measure; See "Use of non-GAAP Financial Measures” and Non-GAAP reconciliations herein. Northwest Bancshares At-A-Glance For the quarter ended September 30, 202

  20. Slide 20: 3Q 2026 Highlights

    20 3Q 2026 Highlights Revenue Growth Net interest Income Balance Sheet Management Growth in national verticals and middle market drove momentum in the commercial loan portfolios Record net interest income performance and strong noninterest income drove record revenue Net interest income benefited fr

  21. Slide 21: 3Q 2026 Highlights

    21* Non-GAAP financial measure; See "Use of non-GAAP Financial Measures” and Non-GAAP reconciliations herein. | ** Capital information presented herein is based on estimates and subject to change pending the Company’s filing of its regulatory reports | (1) As Adjusted for merger and restructuring co

  22. Slide 22: Loan balances and yields

    22 13,094 (26) (3) 140 (104) 201 13,302 Q2 2026 Residential Home Equity Consumer CRE C&I Q3 2026 6.91 7.07 7.11 7.18 7.29 5.66 5.91 5.97 5.91 6.01 5.63% 5.65% 5.62% 5.61% 5.59% - 2.00 4.00 6.00 8.00 10.00 12.00 14.00 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 Personal Banking Loans Commercial Banking L

  23. Slide 23: Deposit Growth and Cost of Deposits

    23 8.09 8.41 8.47 8.52 8.54 5.21 5.36 5.58 5.61 5.60 1.55% 1.53% 1.48% 1.43% 1.44% - 2.00 4.00 6.00 8.00 10.00 12.00 14.00 16.00 18.00 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 Demand and Savings Time and Money Market Cost of Deposits 14,134 27 (13) 74 1 (83) 14,140 Q2 2026 Demand Int-bearing demand M

  24. Slide 24: Net Interest Income and NIM Trends

    24 375 4 2 0 0 1 370 Q2 2026 Borrowings Purchase Accounting Investments Loans Deposits Q3 2026 10,337 10,666 10,972 11,032 11,010 592 600 650 624 843 2.13% 2.14% 2.06% 2.00% 2.05% 0.90% 1.40% 1.90% 2.40% 2.90% 3.40% 3.90% 4.40% 6,000 7,000 8,000 9,000 10,000 11,000 12,000 13,000 Q3 2025 Q4 2025 Q1 2

  25. Slide 25: Securities Portfolio

    25 -1 -3 0 14 -15 -11 2,5872,603 2Q26 Treasury Agency CMO Municipal Corporate Agency MBS Agency CMBS 3Q26 Municipal, 3% Treasury, 6% Corporate, 4% Agency MBS, 23% Agency CMO, 37% Agency CMBS, 27% $ M ill io ns Securities Portfolio Securities Classification Securities Portfolio QoQ Change EOP Balance

  26. Slide 26: Noninterest Income

    26 16.9 17.4 17.1 16.9 17.9 8.0 8.4 8.6 9.4 10.1 7.3 12.0 6.9 7.9 7.9 32.2 37.8 32.6 34.2 35.9 3Q25 4Q25 1Q26 2Q26 3Q26 Other Noninterest Income Trust and Other Financial Services Service Charges and Fees Noninterest Income • Noninterest income increased by $1.7 million or 5.0% QoQ, driven by servic

  27. Slide 27: Noninterest Expense

    27 63.0 65.1 58.3 63.5 63.9 39.2 44.2 45.1 40.4 44.8 31.3 4.2 0.6 0.4 0.2 133.5 113.5 104.0 104.3 109.0 59.6% 59.6% 57.8% 56.2% 57.8% 3Q25 4Q25 1Q26 2Q26 3Q26 Personnel Non-personnel Merger Adj. Efficiency Ratio* $ M ill io ns N o ni nt er es t E xp en se Noninterest Expense Expense Mix and Efficien

  28. Slide 28: Allowance for Credit Losses and Net Charge-offs

    28 12,941 13,007 13,056 13,229 13,393 1.22% 1.15% 1.15% 1.13% 1.12% 3Q25 4Q25 1Q26 2Q26 3Q26 Loan Balances Allowance to Loans 11.2 5.7 5.0 4.3 5.2 20.2 0.29% 0.40% 0.16% 0.15% 0.15% 0 5 10 15 20 25 30 35 3Q25 Breakout 4Q25 1Q26 2Q26 3Q26 Provision for Credit Losses - Loans Net Charge-offs to Average

  29. Slide 29: Credit Quality

    29 12.9 13.0 13.1 13.2 13.4 1.00% 0.83% 0.70% 0.70% 0.76% 3Q25 4Q25 1Q26 2Q26 3Q26 Loans+OREO NPA/(Loans+OREO) 50.1 97.0 84.9 51.7 53.2 94.0 99.2 88.5 61.8 63.7 1.11% 1.51% 1.33% 0.86% 0.87% 3Q25 4Q25 1Q26 2Q26 3Q26 Consumer Loans Commercial Loans Delinquency Percentage Credit Quality Summary Commen

  30. Slide 30: Classified Loans

    30 81.2 -38.3 -4.9 -93.1 524.1 469.0 2Q26 Downgrades Upgrades Charge-offs Payoffs 3Q26 Other Non RE Collateral 20.3% Nursing Home 9.2% Commercial Office Building 6.1% 5 or More Unit Dwelling 6.2% Retail Building 4.1% Multi-Use Bldg (comm/retl & residential) 2.5% Other Medical Facility 2.3% All Other

  31. Slide 31: 2026 Outlook

    31 2026 Outlook(1) * Non-GAAP financial measure; See "Use of non-GAAP Financial Measures” and Non-GAAP reconciliations herein | (1) The reconciliation with respect to forward-looking non-GAAP measures is expected to be consistent with actual non-GAAP reconciliations included in the appendix 2025 Bas

  32. Slide 32: Non-GAAP Reconciliation 1

    32* Dollars in thousands, except per share amounts Non-GAAP Reconciliation 1

  33. Slide 33: Non-GAAP Reconciliation 2

    33* Dollars in thousands, except per share amounts Non-GAAP Reconciliation 2

  34. Slide 34: Non-GAAP Reconciliation 3

    34* Dollars in thousands, except per share amounts Non-GAAP Reconciliation 3

  35. Slide 35: Non-GAAP Reconciliation 4

    35* Dollars in thousands, except per share amounts Non-GAAP Reconciliation 4

  36. Slide 36: Appendix

    » Appendix cv

  37. Slide 37: Earning Asset & Funding Mix

    37 • Granular diversified deposit book, average balance of more than $19,900 • Customer deposits consist of over 715,000 accounts with an average tenure of more than 12.6 years • Time deposits continue to have a short duration Funding MixEarning Asset Mix • The loan portfolio remains slightly asset

  38. Slide 38: Commercial loan portfolio composition

    38 Retail Building, 12.9% 5 or More Unit Dwelling, 11.6% Manufacturing & Industrial Building, 8.4% Commercial Office Building - NOO, 8.4% Nursing Home, 5.7% All Others ~30 other property types, 53.0% Real Estate and Rental and Leasing 30.8% Manufacturing 11.7% Arts, Entertainment, and Recreation 8.4

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