Northwest Bancshares Reports $126 Million Net Income for Fiscal Year 2025

**Northwest Bancshares Reports Increased Net Income for Fiscal Year 2025**

Northwest Bancshares, Inc. (NWBI) has filed its 10-K report, revealing a net income of $126 million, or $0.92 per diluted share, for the year ended December 31, 2025. This represents an increase of $26 million compared to the $100 million, or $0.79 per diluted share, reported for the previous fiscal year. The company's financial performance was primarily driven by a rise in net interest income, which increased by $90 million, or 21%, due to the acquisition of Penns Woods Bancorp, Inc. and higher earning asset yields. This positive impact was partially offset by a $31 million increase in the provision for credit losses and a $8 million increase in income taxes.

Strategic developments for Northwest Bancshares included the acquisition of Penns Woods Bancorp, Inc., completed on July 25, 2025. The acquisition added approximately $2.2 billion in total assets, including $1.8 billion of loans and $160 million of investments, as well as $2.0 billion in total liabilities, primarily consisting of $1.6 billion in deposits. The company recorded preliminary goodwill of $63 million and core deposit intangibles of $42 million related to the acquisition. The Penns Woods results of operations are included in the Company’s consolidated results since the date of acquisition.

Key operational developments included an increase in gross loans receivable by $1.8 billion, or 16%, reaching $13.0 billion at the end of 2025. Personal banking loans increased by $849 million, or 13%, while commercial banking loans increased by $978 million, or 20%. Total deposits also saw a significant increase of $1.8 billion, or 15%, totaling $13.9 billion. The company operated 161 community banking locations across its market area in Pennsylvania, western New York, northeastern Ohio, and Indiana as of December 31, 2025. The company's workforce consisted of 2,104 full-time and 129 part-time employees, or 2,169 full-time equivalent employees.

Looking ahead, Northwest Bancshares faces potential risks including changes in interest rates, economic conditions, and regulatory requirements. The company's ability to manage these risks, integrate acquisitions, and maintain its reputation will be crucial for future performance. The company's Board of Directors declared regular quarterly cash dividends totaling $0.80 per share of common stock during 2025. The company's capital ratios exceeded all regulatory minimum capital requirements and it was considered to be "well capitalized" as of December 31, 2025.