Northwest Bancshares, Inc. · NASDAQ:NWBI
Northwest Bancshares — Q2 2026 Earnings Presentation
22 slides from Northwest Bancshares's earnings presentation, Jul 28, 2026
Slide 1: Second Quarter 2026 Earnings Conference Call
Second Quarter 2026 Earnings Conference Call July 28, 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 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 June 30, 2026 FOUNDED FINANCIAL CENTERS(1) 1896 151 TOTAL ASSETS TOTAL LOANS TOTAL DEPOSITS NIM* $17.2B $13.2B $14.2B 3.75% ROA ROE ROTCE Diluted EPS 1.27% 11.20% 14.94% $0.36 Adjusted ROA* Adjusted ROE* Adjusted ROTCE* Adjusted Diluted EPS* 1.2
Slide 4: 2Q 2026 Highlights
2Q 2026 Highlights Balance Sheet Net Income Net Interest Returns and Management Growth Income Efficiency (ROAA) (ROTCE)* +$148 MM $54 MM 3.75% 1.27% 14.94% 2Q26 Avg. C&I Loan 2Q26 Net Income 2Q26 NIM* Adjusted* Adjusted* Growth (A Record Quarter) 1.28% 15.03% 2Q26 Returns Adjusted* +32.2% +59% +23%
Slide 5: 2Q 2026 Highlights Summary Comments
2Q 2026 Highlights METRIC 2Q26 QoQΔ YoYΔ Summary Comments EPS $.36 $.02 $.10 • Net interest income grew $4 million or 3.1% QoQ with net Adjusted EPS* $.37 $.02 $.07 interest margin* improving to 3.75% benefiting from growth in average earning balances, increased securities portfolio yields, Net Inte
Slide 6: Loan Balances
Loan Balances Summary Comments • Total loans grew $174 million in 2Q26 with average loans growing $10 million QoQ 128 13,084 148 13,094 • Average C&I loans increased $148 million, or 5.6% QoQ and $678 (49) (7) million, or 32.2% YoY driven by continued growth in the new $ Millions Combined (210) vert
Slide 7: Deposit Balances
Deposit Balances Summary Comments 15,000 • Deposit balances remained strong as average total deposits grew 14,500 by $87 million QoQ benefiting from growth in money market and 120 51 14,047 27 14,134 savings accounts 14,000 (85) (26) • Cost of deposits decreased for the third consecutive quarter to
Slide 8: Net Interest Margin
Net Interest Margin Summary Comments • Net interest margin increased 5 bps to 3.75% in 2Q26 160.0 143 143 148 • Net interest income grew $4.5 million QoQ 140.0 137 3 3 • Securities portfolio yields continued to increase as cash flows 120 2 4 Net 120.0 140 145 reinvested at higher yields than the cur
Slide 9: Securities Portfolio
Securities Portfolio Summary Comments Municipal, • New securities purchases were consistent with the current 3% Treasury/Agency, composition of the portfolio and continue to strengthen an already Agency 6% strong source of liquidity CMBS, 27% • Portfolio yield continues to increase as new purchases
Slide 10: Noninterest Income
Noninterest Income Summary Comments • Noninterest income increased by $1.6 million or 5.1% QoQ, driven by an increase in trust and other fund services income due to growth in our wealth management business • Noninterest income increased $3.3 million or 10.6% YoY, benefiting from an increase in servi
Slide 11: Noninterest Expense
Noninterest Expense Summary Comments Expense Mix and Efficiency Trend • Noninterest expense of $104.3 million in 2Q26 remained flat benefiting 2Q25 3Q25 4Q25 1Q26 2Q26 from a decrease in non-personnel expenses including a $3.2 million Efficiency Ratio 64.86% 79.38% 63.09% 59.43% 57.56% decrease in F
Slide 12: Allowance for Credit Losses
Allowance for Credit Losses Summary Comments • Overall ACL coverage was relatively stable at 1.13%, down 2 bps from 1Q26 12,941 13,007 13,056 13,229 • Quarterly annualized net charge-offs of 15 bps in 2Q26 were below full 11,342 year guidance levels 1.22% Total Loans • The total provision for credit
Slide 13: Credit Quality
Credit Quality Summary Comments • Total delinquency decreased from 1.30% to 0.90% QoQ, primarily as a result of the 30 day month effect on the mortgage portfolio and payoffs in the healthcare portfolio. • NPAs remained relatively flat QoQ while 90 day plus delinquency increased from 0.34% to 0.49% Q
Slide 14: Credit Quality Breakdown
Credit Quality Breakdown Summary Comments • Classified “Other Non RE Collateral” loans decreased from 22.8% to All Others Other Non RE Collateral 19.9% ~20 other property types 19.9% 42.0% • Classified “Nursing Home” exposure increased slightly from 16.6% to 17.0% as the repayment of a classified lo
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 - $730 Million Middle 373 bps – Net Interest Margin (FTE)*
Slide 16: Non-GAAP Reconciliation
Non-GAAP Reconciliation 1 * Dollars in thousands, except per share amounts 16
Slide 17: Non-GAAP Reconciliation
Non-GAAP Reconciliation 2 * Dollars in thousands, except per share amounts 17
Slide 18: Non-GAAP Reconciliation
Non-GAAP Reconciliation 3 * Dollars in thousands, except per share amounts 18
Slide 19: Non-GAAP Reconciliation
Non-GAAP Reconciliation 4 * Dollars in thousands, except per share amounts 19
Slide 20: Appendix
>» Append Ix GW Northwest
Slide 21: Earning Asset & Funding Mix
Earning Asset & Funding Mix Earning Asset Mix Funding Mix Ending balances Total Fixed Floating Periodic Ending balances ($ Millions) 2Q26 % % % % ($ Millions) 2Q26 Total % < 1 Year * > 1 Year * Securities 2,460 16% 97% 0% 3% Demand 3,191 22% 100% 0% Residential mortgage 3,002 19% 94% 4% 2% Interest-
Slide 22: Commercial Loan Distribution & CRE Concentration
Commercial Loan Distribution & CRE Concentration Summary Comments Commercial Commitments by Industry • Commercial loan portfolio diversification remains a strength of our strategy, with Q2 loan growth driven largely by the specialty verticals Real Estate and Rental • Regulatory CRE concentration rem