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Northwest Bancshares, Inc.

NWBI Financial Banks Regional

Northwest Bancshares, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $878.9 million, up 16.2% from fiscal 2024.

Revenue
+8.47%
EPS
+1,650.0%
Free cash flow
+538.7%
Total debt
+49.6%

Quarter to September 2026, against a year earlier

15.35 0.49 −3.09%
Market cap
$2.2B
P/E
11.1×
Fwd P/E
10.9×
Dividend yield
5.21%
F-score
6/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Bought, $m 0.49
Sold, $m 0.23
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy 2 1 — 1 1 3 — — 1 — — —
Sell — — — — 1 — — 1 — — — —
Insider Ownership 3.89%

Capital & Financial Ratios $m

Size
Market Cap 2,240.00
Revenue ttm 960.20
Net income ttm 152.96
Free cash flow ttm 137.64
Net debt Q 693.69
Valuation
P/E 11.12
Forward P/E 10.90
Price / sales 2.32
Forward P/S Powerpack
Price / FCF 16.16
Price / book 1.18
Financial health
Current ratio Q 0.95
Debt / equity Q 0.48
Interest coverage Q —
Growth
Revenue growth Q +8.47% (above 0%: growing)
Operating income growth Q +1,825.34% (above 0%: growing)
EPS, this year +11.61%
EPS, next year A +3.38%
Revenue, next year A −16.96% (below 0%: weak)
EPS, past 5 yrs +8.21%
EPS, next 5 yrs A +6.57%

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

P/E against its own 10 years 17.13%
10-year low 10-year high
P/S against its own 10 years 29.15%
10-year low 10-year high
P/B against its own 10 years 57.90%
10-year low 10-year high

Dividends

Yield
5.21%
Annual rate
0.80
Payout ratio
59.1%
Growth, 2018–26
+2.05%/yr
  1. 0.68 ’18
  2. 0.72 ’19 +6
  3. 0.76 ’20 +6
  4. 0.79 ’21 +4
  5. 0.80 ’22 +1
  6. 0.80 ’23 +0
  7. 0.80 ’24 +0
  8. 0.80 ’25 +0
  9. 0.80 ’26 +0
paid change on the year, % Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 122 288 234 223
Receivables — — — —
Inventory — — — —
Other — — — —
11,459 11,474 13,169 13,535
2023 2024 2025 Q'26
Payables 11,980 12,145 13,943 14,275
ST’ Debt — — — —
Other — — — —
11,994 12,151 13,950 14,283

Compound Annual Growth %

10y 5y 3y
Sales 8.51% 9.19% 16.24%
Cash Flow 3.09% 1.78% (4.37%)
Earnings 7.60% 10.97% (1.82%)
Book Value 4.98% 4.20% 8.22%

Earnings Trends EPS, adjusted, against the consensus

Q3 FY26 Estimate 0.35 Actual 0.35

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q4 FY25 0.31 0.33 Beat by 0.02
Q1 FY26 0.30 0.35 Beat by 0.05
Q2 FY26 0.33 0.37 Beat by 0.04
Q3 FY26 0.35 0.35 Met by 0.00
Q4 FY26 0.36 — Reports 25 January 2027

EPS $

Mar Jun Sep Dec Year
’26 0.34 0.36 0.34 — —
’25 0.34 0.26 0.02 0.31 0.92
’24 0.23 0.04 0.26 0.26 0.79
’23 0.26 0.26 0.31 0.23 1.06
’22 0.22 0.26 0.29 0.27 1.05
’21 0.32 0.38 0.27 0.24 1.21
’20 0.07 (0.05) 0.30 0.28 0.62
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 234 239 246 — —
’25 209 203 227 241 879
’24 188 158 199 211 756
’23 159 174 182 187 702
’22 122 136 145 156 560
’21 140 157 134 130 561
’20 128 144 150 144 566
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 74 32 — — —
’25 108 (2) 42 6 153
’24 71 41 93 (77) 128
’23 30 23 (5) 45 93
’22 (22) 49 83 65 175
’21 68 37 33 68 205
’20 50 37 66 (13) 140
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 70 26 — — —
’25 106 (6) 38 4 142
’24 65 44 93 (77) 125
’23 31 20 (5) 38 84
’22 (22) 51 81 62 171
’21 68 36 30 54 188
’20 47 33 63 (15) 128
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

2.8
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Sep ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 431 469 467 517 566 561 560 702 756 879 960 +8.2% 730 765 796 (3.3%)
Gross margin, % 91.11 94.02 92.06 88.99 92.52 95.15 94.98 78.31 69.11 74.48 75.09 (16.6) pt
EBT 71 136 134 141 93 201 174 175 130 163 262 +9.6%
EBT margin, % 16.55 28.96 28.65 27.31 16.34 35.83 31.04 24.95 17.13 18.52 27.33 +2.0 pt
Net income 50 94 105 110 75 154 134 135 100 126 153 +10.9%
Per share, $
Per share, $ Revenue 4.33 4.65 4.58 4.93 4.71 4.45 4.44 5.54 5.95 6.49 6.63 +4.6%
Earnings 0.50 0.94 1.03 1.05 0.62 1.22 1.05 1.06 0.79 0.93 1.38 +7.1%
Cash flow 1.36 1.50 1.36 1.22 1.17 1.63 1.39 0.73 1.00 1.13 0.00 (2.1%)
Capex (0.15) (0.04) (0.05) (0.10) (0.10) (0.14) (0.03) (0.07) (0.02) (0.09) 0.00 (6.2%)
Free cash flow 1.21 1.47 1.31 1.11 1.07 1.49 1.36 0.67 0.99 1.05 0.00 (1.6%)
Book value 11.77 11.96 12.32 12.90 12.80 12.55 11.82 12.25 12.57 13.95 13.06 +1.9%
Shares, m 99 101 102 105 120 126 126 127 127 135 143 +3.5%
Valuation, ×
Valuation, × P/E 37.14 17.72 16.29 15.84 20.89 11.61 13.40 11.77 16.70 12.90 11.12 17.4
P/S 4.20 3.59 3.70 3.38 2.71 3.18 3.14 2.27 2.22 1.85 2.32 3.0
P/B 1.55 1.39 1.37 1.29 1.00 1.13 1.18 1.03 1.05 0.86 1.18 1.2
EV/Sales 3.88 3.89 4.29 3.97 2.13 1.60 4.55 3.01 2.42 2.37 — 3.2
EV/FCF 13.89 12.32 15.01 17.60 9.42 4.79 14.87 25.08 14.62 14.69 — 14.2
Cash, $m
Cash, $m Operating cash flow 136 152 139 127 140 205 175 93 128 153 154 +1.4%
Capex (15) (4) (5) (11) (12) (18) (4) (9) (2) (12) (16) (2.9%)
Free cash flow 120 148 134 117 128 188 171 84 125 142 138 +1.8%
Balance, $m
Balance, $m Working capital 25 10 195 244 (383) (1,084) (490) (534) (677) (780) (748) n/m
Net debt (136) 142 277 307 (324) (888) 785 520 156 458 694 n/m
Shareholders’ equity 1,171 1,208 1,258 1,353 1,539 1,584 1,491 1,551 1,597 1,890 1,892 +5.5%
Returns, %
Returns, % ROA 0.53 1.00 1.11 1.10 0.62 1.08 0.93 0.94 0.69 0.81 1.19 +0.3 pt
ROIC 5.04 6.50 5.50 5.47 5.83 18.37 4.77 5.28 4.62 4.33 6.34 (0.7) pt
ROE 4.26 7.94 8.56 8.46 5.18 9.82 8.66 8.85 6.36 7.22 10.70 +3.0 pt
People
People Employees 2,466 2,254 2,258 2,333 2,523 2,413 2,228 2,165 2,027 2,233 — (1.1%)
Revenue/emp, $m 0.17 0.21 0.21 0.22 0.22 0.23 0.25 0.32 0.37 0.39 — +9.4%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 2 Nov 2026

Northwest Bancshares, Inc. vs peers in Banks Regional (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
SYBT Stock Yards Bancorp, Inc. $2.5B 15.2× 14.8× +11.93% (above 0%: growing) +14.63% (above 0%: growing) +134.96% (above 0%: growing) 74.21% 0.00% Compare
MBIN Merchants Bancorp $2.4B 8.3× 8.4× +13.68% (above 0%: growing) +136.04% (above 0%: growing) +267.73% (above 0%: growing) 57.39% 0.00% Compare
BUSE First Busey Corporation $2.3B 11.7× 11.5× −4.46% (below 0%: shrinking) +6.90% (above 0%: growing) +29.75% (above 0%: growing) 70.90% 0.00% Compare
NWBI Northwest Bancshares, Inc. $2.2B 11.1× 10.9× +8.47% (above 0%: growing) +1,650.00% (above 0%: growing) +538.73% (above 0%: growing) 75.12% 0.00%
EFSC Enterprise Financial Services Corporation $2.2B 12.4× 12.3× −8.24% (below 0%: shrinking) −4.17% (below 0%: shrinking) +50.95% (above 0%: growing) 74.70% 0.00% Compare
BBAR BBVA Banco Frances S.A. $2.2B 7.9× — +0.73% (above 0%: growing) +83.33% (above 0%: growing) −107.66% (below 0%: shrinking) 67.81% 0.00% Compare
WAFD WaFd, Inc. $2.2B 9.2× 10.9× +8.60% (above 0%: growing) +4.11% (above 0%: growing) +33.88% (above 0%: growing) 58.85% 0.00% Compare
OFG OFG Bancorp $2.1B 9.6× 9.4× −1.39% (below 0%: shrinking) +14.53% (above 0%: growing) +41.84% (above 0%: growing) 81.53% 0.00% Compare
SRCE 1st Source Corporation $2.1B 12.0× 11.6× +3.41% (above 0%: growing) +18.71% (above 0%: growing) +38.99% (above 0%: growing) 76.13% 0.00% Compare
Median of peers $2.2B 10.6× 11.5× +2.07% +14.58% +40.42% 72.55% 0.00%

All 327 Banks Regional stocks →

Pay and ownership Proxy statement filed 9 April 2026

Ownership

Directors and executive officers, together 1.10%
BlackRock, Inc. 12.40%
The Vanguard Group 10.20%
Dimensional Fund Advisors LP Building One 6.00%
State Street Corporation State Street Financial Center 5.00%
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

Northwest Bancshares, Inc. (NWBI) Latest News

2 Nov

Impact 3 · · StockStory

27 Oct

Impact 4 · · The Motley Fool transcript
Impact 4 · · Moby
Impact 3 · · Simply Wall St.

26 Oct

Impact 3 · · Zacks
Impact 3 · · StockStory
Impact 3 · · Zacks
Impact 3 · · Associated Press

24 Oct

Impact 3 · · StockStory

23 Oct

Impact 4 · · Zacks

22 Oct

Impact 4 · · PR Newswire

21 Oct

Impact 3 · · Zacks

19 Oct

Impact 3 · · Zacks

8 Oct

Impact 4 · · PR Newswire

29 Sep

Impact 3 · · StockStory

26 Sep

Impact 4 ·

23 Sep

Impact 4 · · Insider Monkey

29 Jul

Impact 3 ·

28 Jul

Impact 3 ·

27 Jul

Impact 3 ·

4 May

Impact 3 · · StockStory

29 Apr

Impact 4 · · GuruFocus.com
Impact 4 · · StockStory

28 Apr

Impact 4 · · The Motley Fool transcript
Impact 3 · · Moby

27 Apr

Impact 4 · · StockStory
Impact 3 · · Zacks
Impact 3 · · Zacks
Impact 3 · · PR Newswire

13 Feb

Impact 3 · · Simply Wall St.

NWBI metrics, ten years each

stockrow.com/NWBI · Data as of Nov 2, 2026 · For information only; not investment advice. · © 2026 stockrow.com