Northwest Bancshares (NWBI) 47th Annual Raymond James Institutional Investor Conference summary

Strategic transformation and growth highlights

• Achieved record revenues of $655 million in 2025, driven by a major acquisition and strong commercial C&I growth of 26%.

• Revenue grew 23% year-over-year, with net interest margin up 16% and efficiency ratio reduced to 59%.

• Adjusted EPS grew nearly 17%, with improvements in ROA and ROE, closing the gap with peers.

• Executive team strengthened with experienced hires to lead transformation.

• Acquisition of Penns Woods Bancorp added $2 billion in assets and expanded presence in Pennsylvania.

Branch and market expansion

• Opened first new branch in six years in Indianapolis MSA; three more branches planned in Columbus, Ohio by end of 2026.

• De novo branch strategy targets organic growth in high-potential Midwestern markets.

• Expansion connects East and Central Pennsylvania markets, enhancing regional coverage.

Commercial and specialty verticals

• Five new national commercial verticals launched since 2023, now representing 21% of commercial loan balances.

• Vertical loans reached $1.3 billion by year-end 2025; legacy commercial business at $3.7 billion.

• Verticals include SBA, equipment finance, franchise finance, sponsor finance, and sports finance, all contributing to C&I growth.

• Sponsor finance portfolio is low-leverage, senior debt focused, and managed by an experienced team.