Northwest Bancshares (NWBI) investor relations material

Commercial lending and loan growth

• Specialty national verticals in SBA, equipment, franchise, sponsor, and sports finance drove 32% YoY average C&I loan growth, with $148M QoQ increase in 2Q26 and total loans reaching $13.1B.

• Commercial loan portfolio diversification remains strong, with regulatory CRE concentration at 121% of target Tier 1 + ACL and continued reduction in healthcare loan exposure.

• National verticals now represent a larger share of the commercial portfolio, powering above-market growth and stabilizing legacy portfolios.

Deposit growth and funding

• Average deposits increased $87M QoQ to $14.1B, with cost of deposits declining for the third consecutive quarter to 1.43%.

• Over 716,000 customer accounts with an average balance of ~$19,800 and average tenure of 12.5 years support a granular, low-cost funding base.

• Deposit growth in the Columbus market is robust, with planned expansion of financial centers and a 12.9% increase in total deposits in the market from 2024-2025.

Financial performance and efficiency

• Net income reached a record $54M in 2Q26, up 59% YoY, driven by increased earning assets, net interest income, and expense management.

• Net interest margin improved to 3.75% in 2Q26, with net interest income up 23% YoY and efficiency ratio improving to 56.2%.

• Adjusted ROTCE was 15.03% and adjusted ROA was 1.28% for 2Q26.