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Saturday 17 October 2026 Export NWBI’s income statement to Excel — free account

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. In the quarter to June 2026, revenue grew 18.2%, EPS grew 42.3%, free cash flow grew 538.7% and total debt rose 93.6%, each against the same quarter a year earlier. Dividend growth for ten consecutive years, revenue growth for three; insiders bought in the last twelve months.

14.93 0.04 +0.27%
Market cap
$2.2B
P/E
14.2×
Fwd P/E
10.3×
Dividend yield
5.36%
F-score
6/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total buys 0.55
Total sells 0.23
Totals in millions of $.
Dec 25 Mar 26 Jun 26 Sep 26
Buy 3 3 1 — 1 1 3 — — 1 — —
Sell — — — — — 1 — — 1 — — —
Insider Ownership 4.88%

Capital & Financial Ratios $m

Market Cap 2,180.00
Revenue 940.98
Net Income 152.96
Free Cash Flow 137.64
Net Debt 608.60
Current Ratio 0.95
Debt/Equity 0.44
P/E ratio 14.22
Fwd P/E 10.30
P/S ratio 2.32
P/B ratio 1.13
Past 5Y EPS Growth 8.21%
This Y EPS Growth 11.60%
Next Y EPS Growth 3.55%
Next Y revenue growth (17.37%) (below 0%: weak)
Next 5Y EPS Growth 5.98%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

P/E against its own 10 years 38.63%
10-year low 10-year high
P/S against its own 10 years 29.19%
10-year low 10-year high
P/B against its own 10 years 50.09%
10-year low 10-year high

Dividends

Payout Ratio 0.78
Annual Dividend Rate 0.80
Annual Dividend Yield 5.36%
total individual payouts
2028 Powerpack
2027 Powerpack
2026 0.80
0.20
0.20
0.20
2025 0.80
0.20
0.20
0.20
0.20
2024 0.80
0.20
0.20
0.20
0.20
2023 0.80
0.20
0.20
0.20
0.20
2022 0.80
0.20
0.20
0.20
0.20
2021 0.79
0.19
0.20
0.20
0.20
2020 0.76
0.19
0.19
0.19
0.19
2019 0.72
0.18
0.18
0.18
0.18
2018 0.68
0.17
0.17
0.17
0.17
2017 0.64
0.16
0.16
0.16
0.16
2016 0.60
0.15
0.15
0.15
0.15
predictions special payouts not included in total or ratios

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 122 288 234 248
Receivables — — — —
Inventory — — — —
Other — — — —
11,459 11,474 13,169 13,401
2023 2024 2025 Q'26
Payables 11,980 12,145 13,943 14,162
ST’ Debt — — — —
Other — — — —
11,994 12,151 13,950 14,170

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%

Revenue $m

Mar Jun Sep Dec Year
’26 234 239 — — —
’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.

EPS $

Mar Jun Sep Dec Year
’26 0.34 0.36 — — —
’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.

Target Price Range

Analyst price targets

Recommendation Rating

2.8
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
Price, $
Price, $ Low 11.78 14.95 15.50 15.46 8.52 12.37 12.04 9.80 10.45 10.75

Analyst estimates 2026–2028

Powerpack
High 19.10 18.63 18.56 18.81 16.67 15.48 15.35 14.64 15.42 13.62
People
People Employees 2,466 2,254 2,258 2,333 2,523 2,413 2,228 2,165 2,027 2,233
Revenue/emp, $m 0.17 0.21 0.21 0.22 0.22 0.23 0.25 0.32 0.37 0.39
Income, $m
Income, $m Revenue 431 469 467 517 566 561 560 702 756 879
Gross margin, % 91.11 94.02 92.06 88.99 92.52 95.15 94.98 78.31 69.11 74.48
EBT 71 136 134 141 93 201 174 175 130 163
EBT margin, % 16.55 28.96 28.65 27.31 16.34 35.83 31.04 24.95 17.13 18.52
Net income 50 94 105 110 75 154 134 135 100 126
Depreciation 18 16 10 5 9 14 11 28 22 0
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
Earnings 0.50 0.94 1.03 1.05 0.62 1.22 1.05 1.06 0.79 0.93
Cash flow 1.36 1.50 1.36 1.22 1.17 1.63 1.39 0.73 1.00 1.13
Capex (0.15) (0.04) (0.05) (0.10) (0.10) (0.14) (0.03) (0.07) (0.02) (0.09)
Free cash flow 1.21 1.47 1.31 1.11 1.07 1.49 1.36 0.67 0.99 1.05
Book value 11.77 11.96 12.32 12.90 12.80 12.55 11.82 12.25 12.57 13.95
Shares, m 99 101 102 105 120 126 126 127 127 135
Valuation, ×
Valuation, × P/E 37.14 17.72 16.29 15.84 20.89 11.61 13.40 11.77 16.70 12.90
P/S 4.20 3.59 3.70 3.38 2.71 3.18 3.14 2.27 2.22 1.85
P/B 1.55 1.39 1.37 1.29 1.00 1.13 1.18 1.03 1.05 0.86
EV/Sales 3.88 3.89 4.29 3.97 2.13 1.60 4.55 3.01 2.42 2.37
EV/FCF 13.89 12.32 15.01 17.60 9.42 4.79 14.87 25.08 14.62 14.69
Cash, $m
Cash, $m Operating cash flow 136 152 139 127 140 205 175 93 128 153
Capex (15) (4) (5) (11) (12) (18) (4) (9) (2) (12)
Free cash flow 120 148 134 117 128 188 171 84 125 142
Balance, $m
Balance, $m Working capital 25 10 195 244 (383) (1,084) (490) (534) (677) (780)
Total debt 254 219 346 368 412 392 924 643 445 691
Net debt (136) 142 277 307 (324) (888) 785 520 156 458
Shareholders’ equity 1,171 1,208 1,258 1,353 1,539 1,584 1,491 1,551 1,597 1,890
Returns, %
Returns, % ROA 0.53 1.00 1.11 1.10 0.62 1.08 0.93 0.94 0.69 0.81
ROIC 5.04 6.50 5.50 5.47 5.83 18.37 4.77 5.28 4.62 4.33
ROE 4.26 7.94 8.56 8.46 5.18 9.82 8.66 8.85 6.36 7.22
Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

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
BBT Beacon Financial Corporation $2.3B 15.1× 9.7× +99.71% (above 0%: growing) +211.49% (above 0%: growing) +88.09% (above 0%: growing) 68.58% 0.00% Compare
MBIN Merchants Bancorp $2.3B 9.8× 9.1× −4.26% (below 0%: shrinking) +146.67% (above 0%: growing) +267.73% (above 0%: growing) 53.63% 0.00% Compare
OFG OFG Bancorp $2.2B 10.3× 9.8× +2.40% (above 0%: growing) +20.87% (above 0%: growing) +41.84% (above 0%: growing) 82.69% 0.00% Compare
NWBI Northwest Bancshares, Inc. $2.2B 14.2× 10.3× +18.20% (above 0%: growing) +42.31% (above 0%: growing) +538.73% (above 0%: growing) 75.69% 0.00%
WAFD WaFd, Inc. $2.2B 9.1× 10.9× +1.80% (above 0%: growing) +16.44% (above 0%: growing) +33.88% (above 0%: growing) 57.68% 0.00% Compare
EFSC Enterprise Financial Services Corporation $2.2B 11.8× 11.1× +1.34% (above 0%: growing) −19.12% (below 0%: shrinking) +15.23% (above 0%: growing) 75.04% 0.00% Compare
SRCE 1st Source Corporation $2.1B 12.3× 11.1× +3.88% (above 0%: growing) +29.14% (above 0%: growing) +16.78% (above 0%: growing) 75.70% 0.00% Compare
FCF First Commonwealth Financial Corporation $2.0B 12.4× 11.1× +1.44% (above 0%: growing) +37.50% (above 0%: growing) −98.48% (below 0%: shrinking) 74.84% 0.00% Compare
TBBK The Bancorp, Inc. $2.0B 9.2× 9.1× −9.61% (below 0%: shrinking) +14.06% (above 0%: growing) −31.16% (below 0%: shrinking) 79.72% 0.00% Compare
Median of peers $2.2B 11.1× 10.4× +1.62% +25.01% +25.33% 74.94% 0.00%

All 323 Banks Regional stocks →

Northwest Bancshares, Inc. (NWBI) key facts

  • Strength: Northwest Bancshares, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $878.9 million, up 16.2% from fiscal 2024.
  • Strength: Net income was $126.0 million, or $0.93 per share (basic), a net margin of 14.3%.
  • Northwest Bancshares, Inc. (NWBI) is a Banks Regional company in the Financial sector, listed on Nasdaq.
  • As of October 16, 2026, NWBI traded at $14.93, a market capitalization of $2.2 billion.
  • At that price the stock trades at 14.2× trailing-twelve-month earnings and 2.3× sales; its P/E is higher than 39% of its own readings over the past ten years.
  • Northwest Bancshares, Inc. pays an annual dividend of $0.80 per share, a yield of 5.36%, with a payout ratio of 77.7%.
  • Return on equity was 7.22% and debt-to-equity 0.44.
  • Its Piotroski F-score is 6 out of 9 for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.

Northwest Bancshares, Inc. (NWBI) Latest News

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stockrow.com/NWBI · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com