Quarterly ResultApr 27, 2026, 04:13 PM
NWBI Q1 Net Income $51M, EPS $0.34; Declares $0.20 Dividend & $50M Buyback
AI Summary
Northwest Bancshares, Inc. reported a record GAAP net income of $51 million, or $0.34 per diluted share, for Q1 2026, marking a 16% year-over-year increase. Adjusted net income was $51 million, or $0.35 per diluted share. The company's net interest margin expanded to 3.70%, and it achieved 28% average commercial and industrial loan growth from the prior year. The Board of Directors declared a quarterly cash dividend of $0.20 per share and approved a new $50 million share repurchase program.
Key Highlights
- GAAP Net Income for Q1 2026 was $51 million, up $7 million (16.3%) from Q1 2025.
- Diluted EPS for Q1 2026 was $0.34, consistent with Q1 2025, but up from $0.31 in Q4 2025.
- Adjusted Net Income (non-GAAP) was $51 million, or $0.35 per diluted share.
- Net interest margin expanded to 3.70% in Q1 2026 from 3.69% in Q4 2025.
- Average commercial and industrial loan growth was 28% from the prior year.
- Quarterly cash dividend of $0.20 per share declared, payable May 20, 2026.
- New share repurchase program authorized for up to $50 million over 24 months.
- Annualized net charge-offs were 0.16% and nonperforming assets were 0.70%.