Northwest Bancshares (NWBI) Q4 2025 earnings summary

Executive summary

• Achieved record full-year revenue of $655 million in 2025, up 25.3% year-over-year, driven by the largest acquisition in company history, organic growth, and higher loan yields.

• Successfully integrated Penns Woods Bancorp, expanding into the top 100 U.S. banks by assets, adding 20 financial centers, and significantly increasing loans, deposits, and branch footprint.

• Adjusted EPS for 2025 was $1.26, up 21% year-over-year; full-year GAAP EPS reached $0.92, a 16% increase from 2024.

• Recognized by Newsweek as one of America's best regional banks for the third consecutive year.

• Returned over half of profits to shareholders via a $0.20 quarterly dividend, marking 125 consecutive quarters of payouts.

Financial highlights

• Q4 2025 GAAP EPS was $0.31; adjusted EPS was $0.33, up from $0.29 prior quarter.

• Q4 2025 total revenue was $180 million, up 17% year-over-year; net interest income for Q4 was $142 million, up 24.5% year-over-year and 4.6% sequentially.

• Net interest margin expanded to 3.69% in Q4 2025, up from 3.42% a year ago.

• Noninterest income for Q4 2025 was $37.8 million, up $6 million sequentially; noninterest expense for Q4 was $113.5 million, down 15% sequentially due to lower merger expenses.

• Total assets reached $16.8B, total loans $13.0B, and total deposits $13.9B as of December 31, 2025.

Outlook and guidance

• 2026 guidance: loan growth in low-to-mid single digits, deposit growth in low single digits, revenue expected at $710–$730 million, and net interest margin in low 3.70s.

• Non-interest income projected at $125–$130 million; non-interest expense at $420–$430 million.

• Net charge-offs anticipated at 20–27 bps; tax rate to remain at ~23%.

• Full cost savings from merger to be realized in Q1 2026, ahead of schedule.

• Management anticipates another year of record revenue growth in 2026, focusing on consumer franchise expansion and commercial market share.