Northwest Bancshares, Inc. · NASDAQ:NWBI

Northwest Bancshares — Investor Presentation (September 2026)

37 slides from Northwest Bancshares's investor presentation, Sep 8, 2026

  1. Slide 1: Investor Presentation September 2026

    S E P T 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

    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

  3. Slide 3: The Northwest investment thesis

    N A S D A Q : N W B I · 2 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 152 financial centers As of or for the quarter ended June 30, 2026. Certain metrics are no

  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

    51% 22% 27% 2Q 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

    -$49 -$7 $128 -$210 $148$13,084 $13,094 Q1 2026 Residential Home Equity Consumer CRE C&I Q2 2026 $11.2B $12.6B $13.0B $13.1B $13.1B 5.55% 5.63% 5.65% 5.62% 5.61% 7.02% 7.13% 6.80% 6.61% 6.51% Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Total ($ Billions) Total Loan Yield C&I Loan Yield $3.1B $3.0B $1.5B

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

    Northwest’s Expansion in the Columbus Market We recently celebrated the grand opening of our first new financial center in the Columbus market, with four additional locations expected to be completed by early 2027. 01 Commercial Lending 02 De Novo Activity 03 Low-Cost, Granular Deposits 04 Proven Ac

  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 Population Growth (%) (2020-2026) 5.45% Deposit Growth (%) (2024-2025) 12.9% Total Deposits in Market (2025) $119

  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 $14.2B Total deposits 6.7% Deposit Growth – 3Yr CAGR 716K+ Customer accounts ~12.5 yrs Avg customer tenure Proxy Peers sourced from S&P Capital IQ, 2Q2

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

    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 Novo Activity 03 Low-Cost, Granular Deposits 04 Proven Acquirer 05 Leadership Transformation $12.2B $13.3B $13.8B $14.1B $14.1B 1.55% 1.55% 1.53% 1.48% 1.43% 2Q25 3Q25 4Q25 1Q26 2Q26 Low-Cost, Granular Funding Base

  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

    Head of Corporate Development and Strategy Michael Perry Morgan Stanley & Merrill Lynch 2023 2024 2025 2026 Louis J. Torchio August 2022 President, CEO & Director Selected Experience at Large Firms 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 L

  13. Slide 13: Appendix

    >»» Appendix

  14. Slide 14: 2026 Outlook

    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 Baseli

  15. Slide 15: Non-GAAP Reconciliation

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

  16. Slide 16: Second Quarter 2026 Earnings Conference Call

    Second Quarter 2026 Louis J. Torchio President and Chief Executive Officer T.K. Creal Chief Credit Officer Chad R. Wheeler Treasurer Douglas M. Schosser Chief Financial Officer Michael D. Perry Corporate Development & Strategy Investor Relations Earnings Conference Call July 28, 2026

  17. Slide 17: Forward-looking Statements and Additional Information

    17 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 sim

  18. Slide 18: Northwest Bancshares At-A-Glance

    18 FOUNDED 1896 TOTAL ASSETS $17.2B TOTAL DEPOSITS $14.2B TOTAL LOANS $13.2B FINANCIAL CENTERS(1) 151 ROA 1.27% NIM* 3.75% Adjusted ROA* Adjusted ROE* Adjusted ROTCE* Adjusted Diluted EPS* * Non-GAAP financial measure; See "Use of non-GAAP Financial Measures” and Non-GAAP reconciliations herein. | (

  19. Slide 19: 2Q 2026 Highlights

    19 14.94% Adjusted* 2Q 2026 Highlights Net Income Growth Returns and Efficiency Net Interest Income Balance Sheet Management Growth in national verticals drove continued C&I momentum Increased earning assets, net interest income performance and expense management drove record net income Record net i

  20. Slide 20: 2Q 2026 Highlights

    20* 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

  21. Slide 21: Loans

    21 • Total loans grew $174 million in 2Q26 with average loans growing $10 million QoQ • Average C&I loans increased $148 million, or 5.6% QoQ and $678 million, or 32.2% YoY driven by continued growth in the new verticals and in other commercial loan portfolios • Total loans yield was relatively stab

  22. Slide 22: Deposit Growth and Cost of Deposits

    22 7.43 8.09 8.41 8.47 8.52 4.72 5.21 5.36 5.58 5.61 1.55% 1.55% 1.53% 1.48% 1.43% - 2.00 4.00 6.00 8.00 10.00 12.00 14.00 16.00 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Demand and Savings Time and Money Market Cost of Deposits DEPOSIT MIX CHANGE $ IN MILLIONS 2Q26 VS 1Q26 2Q26 VS 2Q25 AVERAGE BALANC

  23. Slide 23: Net Interest Income (FTE) and NIM (FTE) Trends

    23 - 370 2 1 1 3 4 375 Q1 2026 Loans Purchase Accounting Borrowings Investments Deposits Q2 2026 9,542 10,337 10,666 10,972 11,032 453 592 600 650 624 2.09% 2.13% 2.14% 2.06% 2.00% 0.40% 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 Q2 2025 Q3 2025 Q4 2

  24. Slide 24: Securities Portfolio

    24 $ M ill io ns Securities Portfolio Securities Classification Securities Portfolio QoQ Change Securities Portfolio -4 78 -15 14 8 -8 2,603 2,531 1Q26 Treasury Agency CMO Municipal Corporate Agency MBS Agency CMBS 2Q26 Securities Yield (ACB)Amortized Cost 3.27% 3.17% HTM, 24% AFS, 76% Municipal, 3%

  25. Slide 25: Noninterest Income

    25 Noninterest Income 30.9 32.2 37.8 32.6 34.2 2Q25 3Q25 4Q25 1Q26 2Q26 Total Noninterest Income • 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

  26. Slide 26: Noninterest Expense

    26 55.2 63.0 65.1 58.3 63.5 36.1 39.2 44.2 45.1 40.4 6.2 31.3 4.2 0.6 0.4 97.5 133.5 113.5 104.0 104.3 60.4% 59.6% 59.6% 57.8% 56.2% 2Q25 3Q25 4Q25 1Q26 2Q26 Personnel Non-personnel Merger Adj. Efficiency Ratio* $ M ill io ns N on in te re st E xp en se Noninterest Expense Expense Mix and Efficiency

  27. Slide 27: Net Charge-offs and Provision

    27 11.5 11.2 5.7 5.0 4.3 20.20.18% 0.29% 0.40% 0.16% 0.15% -0.05% 0.05% 0.15% 0.25% 0.35% 0.45% 0.55% - 5.0 10.0 15.0 20.0 25.0 30.0 35.0 2Q25 3Q25 Breakout 4Q25 1Q26 2Q26 Provision for Credit Losses - Loans Net Charge-offs to Average Loans Total Loans and Allowance Coverage Net Charge-offs and Prov

  28. Slide 28: Credit Quality

    28 $39.8 $50.1 $97.0 $84.9 $51.7 $77.7 $94.0 $99.2 $88.5 $61.8 1.00% 1.10% 1.50% 1.30% 0.90% 0.00% 0.50% 1.00% 1.50% 2.00% 2.50% 3.00% $0 $20 $40 $60 $80 $100 $120 $140 $160 $180 $200 2Q25 3Q25 4Q25 1Q26 2Q26 Consumer Loans Commercial Loans Delinquency Percentage 11.3 12.9 13.0 13.1 13.2 0.91% 1.00%

  29. Slide 29: Classified Loans

    29 ($43.1) ($5.0) ($71.9)$497.6 $146.5 $524.1 1Q26 Downgrades Upgrades Charge-offs Payoffs 2Q26 518.2 527.0 453.4 497.6 524.1 4.57% 4.07% 3.49% 3.81% 3.96% 400.0 420.0 440.0 460.0 480.0 500.0 520.0 540.0 2Q25 3Q25 4Q25 1Q26 2Q26 Classified Loans Classified Loans to Total Loans $ M ill io ns Summary

  30. Slide 30: 2026 Outlook

    30 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

  31. Slide 31: Non-GAAP Reconciliation 1

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

  32. Slide 32: Non-GAAP Reconciliation 2

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

  33. Slide 33: Non-GAAP Reconciliation 3

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

  34. Slide 34: Non-GAAP Reconciliation 4

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

  35. Slide 35: Appendix

    » Appendix — we ee

  36. Slide 36: Earning Asset & Funding Mix

    36 • Granular diversified deposit book, average balance of more than $19,800 • Customer deposits consist of over 716,000 accounts with an average tenure of more than 12.5 years • Time deposits continue to have a very short duration Funding MixEarning Asset Mix • The loan portfolio remains slightly a

  37. Slide 37: Commercial Loan Portfolio Diversification

    37 Real Estate and Rental and Leasing 31.5% Manufacturing 12.0% Arts, Entertainment, and Recreation 7.2% Construction 6.9% Health Care and Social Assistance 6.1% All Others ~16 other industries 36.3% Retail Building, 13.1% 5 or More Unit Dwelling, 11.7% Commercial Office Building - NOO, 8.3% Nursing

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