Northwest Bancshares, Inc. Announces Third Quarter 2026 GAAP net income of $51 million, or $0.34 per diluted share
PR Newswire•26/10/2026•16:05 ET
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Key Highlights
- ➤Q3 net income $51 million, or $0.34 diluted EPS, up from $3 million year-over-year
- ➤Adjusted diluted EPS $0.35; adjusted net income declined $3 million sequentially
- ➤Record total revenue and net interest income; net interest income reached $148.95 million
- ➤Average C&I loans grew 31% year-over-year, supporting commercial growth
- ➤Quarterly dividend $0.20 per share marks 128 consecutive quarters of payments
Expert Statements
Louis J. Torchio, President and CEO of Northwest Bancshares
“The Northwest Team delivered yet another quarter of strong performance, with record total revenue and net interest income, and a balanced and consistent performance across the whole bank.”
Louis J. Torchio, President and CEO of Northwest Bancshares
“We drove 31% year-over-year average loan growth in our C&I business, with continued growth in our national specialty business verticals and middle market portfolio, and benefited from the strength of our retail deposit franchise and low deposit costs, one of the best-in-class among our peers.”
Louis J. Torchio, President and CEO of Northwest Bancshares
“We continue to execute our strategy for delivering sustainable, responsible growth, investing in its key drivers, including our people, our communities and the physical infrastructure that make it possible.”
Louis J. Torchio, President and CEO of Northwest Bancshares
“We look forward to a strong finish in the fourth quarter of 2026, as we build on the momentum the team is developing in Columbus and across our entire retail footprint and commercial network.”
Louis J. Torchio, President and CEO of Northwest Bancshares
“Our focus remains on driving excellence across all aspects of the bank, continuing to optimize our operations, and serving our core customers and communities with the personal approach they value.”
Northwest Bancshares, Inc. Announces Third Quarter 2026 GAAP net income of $51 million, or $0.34 per diluted share PR Newswire
Credit quality remained strong with annualized net charge-offs of 0.15% and nonperforming loans of 0.74%
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