Northwest Bancshares, Inc. · NASDAQ:NWBI
Northwest Bancshares — Q4 2025 Earnings Presentation
23 slides from Northwest Bancshares's earnings presentation, Jan 27, 2026
Slide 1: Fourth Quarter 2025 Earnings Conference Call
Fourth Quarter 2025 Earnings Conference Call January 27, 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 December 31, 2025 FOUNDED FINANCIAL CENTERS 1896 151 TOTAL ASSETS TOTAL LOANS TOTAL DEPOSITS NIM* $16.8B $13.0B $13.9B 3.69% ROA ROE Diluted EPS 1.10% 9.70% $0.31 Adjusted ROA* Adjusted ROE* Adjusted Diluted EPS* 1.17% 10.33% $0.33 3 * Non-GAAP
Slide 4: Full Year 2025 Highlights
Full Year 2025 Highlights Balance Sheet Net Interest Earnings per Revenue Growth Management Income Share (GAAP) Adjusted* +$2.4B $655 MM 3.69% $.92 $1.26 YTD Total Asset 2025 Total Revenue 2025 Year Ended 4Q YTD EPS Growth (A Record Year) NIM* (GAAP) Adjusted* +26.3% +25.3% +20.6% 16% 21% YOY Avg. C
Slide 5: 4Q 2025 Highlights
4Q 2025 Highlights Metric 4Q25 QoQΔ YoYΔ Summary Comments EPS $.31 $.29 $.05 • Net interest income grew $6.2 million or 4.6% QoQ with net Adjusted EPS* $.33 $.04 $.06 interest margin* improving to 3.69% benefiting from higher average loan yields, increased average earning assets from the Net Interes
Slide 6: Loan Balances
Loan Balances Summary Comments Combined Loan Average Balances • Average loans grew $414 million QoQ benefiting from a full quarter impact from the acquired balance sheet partnered with 163 12,982 internal loan growth 91 $ Millions 82 • Loan yield increased to 5.65% in 4Q25 growing by 2 bps QoQ 90 12
Slide 7: Deposit Balances
Deposit Balances Summary Comments Change in Deposit Mix • Deposit balances remained strong as average total deposits grew by 22 13,771 131 19 $475 million QoQ benefiting from the acquired balance sheet and 158 internal growth 145 13,296 $ Millions • Customer (non-brokered) average deposits increased
Slide 8: Net Interest Margin
Net Interest Margin Summary Comments Net Interest Income (FTE) and NIM (FTE) Trends • Net interest margin increased 4 bps to 3.69% in 4Q25 160.0 5.50% 143 129 137 • Net interest income grew $6 million QoQ 140.0 120 5.00% 115 4 • Net interest margin benefitted from a 4 bps net impact from 120.0 2 $ M
Slide 9: Securities Portfolio
Securities Portfolio Summary Comments Securities Portfolio • Purchased $363 million of securities during the quarter consistent Agency MBS, with our existing portfolio risk metrics and did not meaningfully 21% change the portfolio WAL, which is currently 4.9 years Agency CMO, 36% • New purchases wer
Slide 10: Noninterest Income
Noninterest Income Comments Noninterest Income Trend • Noninterest income increased $5.6 million QoQ, driven by an increase in Bank-owned life insurance income due to higher death benefit income • Noninterest income decreased $2.3 million YoY, the prior 45 year quarter included a gain on the sale of
Slide 11: Noninterest Expense
Noninterest Expense Comments Expense Mix and Efficiency Trend • Adjusted efficiency ratio* was 59.5% in 4Q25 continuing the 4Q24 1Q25 2Q25 3Q25 4Q25 improvement in expense management over the last year Efficiency Ratio 61.80% 58.74% 64.86% 79.38% 63.09% • Overall expense, excluding merger and restru
Slide 12: Allowance for Credit Losses
Allowance for Credit Losses Summary Comments Total Loans and Allowance 14,000 12,941 13,007 1.50% • Overall ACL coverage at 1.15% is down from 3Q25, driven by net 11,180 11,216 11,342 12,000 1.40% charge-offs in the current period 10,000 1.30% • Quarterly annualized net charge-offs of 40 bps were as
Slide 13: Credit Quality
Credit Quality Overview • Credit risk metrics are within internal expectations given the impact of the acquired loans • Total delinquency increased from 1.10% to 1.50% QoQ, primarily as a result of the mortgage portfolio with a 31-day month reporting period and slightly below the national average, w
Slide 14: Credit Quality Breakdown
Credit Quality Breakdown Summary Comments Classified Loans • 4Q25 continued to see a decline in classified loans as a percentage 600.0 518.2 527.0 7.00% of total loans and on an absolute basis was caused primarily by 500.0 453.4 6.00% improvements within the CRE portfolio 5.00% 400.0 272.3 279.1 4.0
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 - $730 Million Net Interest Margin (FTE)* 3.69% Low 370s bps Noninterest Income
Slide 16: Non-GAAP Reconciliation
Non-GAAP Reconciliation 1 16 * Dollars in thousands, except per share amounts
Slide 17: Non-GAAP Reconciliation
Non-GAAP Reconciliation 2 17 * Dollars in thousands, except per share amounts
Slide 18: Non-GAAP Reconciliation
Non-GAAP Reconciliation 3 18 * Dollars in thousands, except per share amounts
Slide 19: Appendix
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Slide 20: Earning Asset & Funding Mix
Earning Asset & Funding Mix Earning Asset Mix Funding Mix Ending balances Total Fixed Floating Periodic Ending balances 4Q25 4Q25 Total % < 1 Year * > 1 Year * ($ Millions) % % % % ($ Millions) Securities 2,270 15% 97% 0% 3% Demand 3,123 22% 100% 0% Residential mortgage 3,101 20% 94% 4% 2% Interest-
Slide 21: Commercial Loan Distribution & CRE Concentration
Commercial Loan Distribution & CRE Concentration Summary Comments Commercial Commitments by Industry • Diverse portfolio has allowed Northwest to avoid material property type or industry issues; immaterial large metro office or rent controlled multi- All Others Real Estate and Rental and Leasing fam
Slide 22: Executive Management Team
Executive Management Team Louis J. Torchio President and Chief Executive Officer Urich T. Bowers James M. Colestro Carey A. Barnum Gregory J Betchkal Chief Consumer Banking Chief Retail Lending Chief Auditor Chief Risk Officer and Strategy Officer Officer Devin T. Cygnar Jay M. DesMarteau Thomas K.
Slide 23: Building Out Management Team for Transformation and Growth
Building Out Management Team for Transformation and Growth Added 190+ years of Experience TD Bank Morgan Stanley Huntington Huntington Lending Club Merrill Lynch President, Chief Commercial Chief Accounting Head of Corporate Chief Legal CEO & Director Banking Officer Officer Development and Counsel