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Core Insights - The S&P 500 index will see changes with Solstice Advance Materials and Qnity Electronics joining the index, replacing CarMax and Eastman Chemical respectively [1][3][7] Company Changes - Solstice Advance Materials, using the ticker "SOLS," is a spinoff from Honeywell International, which will remain in the S&P 500 [2] - Qnity Electronics, with the ticker "Q," is a spinoff from DuPont de Nemours, which will also continue to be part of the index [2] Index Adjustments - These changes mark the first updates to the S&P 500 since September, when several companies were replaced [4][7] - CarMax and Eastman Chemical will move to the S&P 600 index, which includes smaller companies [3][4]

Northwest Bancshares (NasdaqGS:NWBI) Q3 2025 Earnings Call October 28, 2025 09:00 AM ET Company ParticipantsDan Cardenas - DirectorMichael Perry - Managing Director, Corporate Development and Strategy and Investor RelationsDaniel Tamayo - VPTim Switzer - VP of Equity ResearchLouis Torchio - President and CEODavid Bishop - DirectorDoug Schosser - CFOConference Call ParticipantsMatt Breese - Managing Director and Senior Research AnalystNone - AnalystOperatorHello and thank you for standing by. My name is Bell ...

Northwest Bancshares (NasdaqGS:NWBI) Q3 2025 Earnings Call October 28, 2025 09:00 AM ET Company ParticipantsDan Cardenas - DirectorDaniel Tamayo - VPDouglas Schosser - CFOTim Switzer - VP of Equity ResearchLouis Torchio - President and CEODavid Bishop - DirectorMichael Perry - Managing Director of Corporate Development, Strategy, and Investor RelationsConference Call ParticipantsNone - AnalystMatt Breese - Managing Director and Senior Research AnalystOperatorHello and thank you for standing by. My name is B ...

Northwest Bancshares (NasdaqGS:NWBI) Q3 2025 Earnings Call October 28, 2025 09:00 AM ET Speaker2Hello and thank you for standing by. My name is Bella, and I will be your conference operator today. At this time, I would like to welcome everyone to Northwest Bancshares Inc. Q3 2025 earnings call. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question and answer session. If you would like to ask a question during this time, simply press star, t ...

Financial Performance - The company's total assets reached $164 billion in 3Q25[9], with total deposits of $137 billion and total loans of $129 billion[6] - Total revenue for 3Q25 was a record $1681 million, a 208% year-over-year increase[9] - Net interest income increased by 222% year-over-year[9], reaching $1360 million in 3Q25, a 139% increase QoQ[12] - Diluted EPS was $002, while adjusted diluted EPS was $029[6]; Year-to-date EPS growth was 15% (GAAP) and 21% (Adjusted)[9] - The net interest margin improved to 365%, benefiting from higher average loan yields and purchase accounting accretion[13] Merger and Acquisition - Successfully completed the merger with Penns Woods on July 25, 2025, adding balance sheet scale with $164 billion in assets, $129 billion in loans, and $137 billion in deposits[19] - Total consideration paid for Penns Woods was $2338 million[18] - The merger is expected to achieve 234% EPS accretion in 2026[18] - Loan marks from the Penns Woods acquisition were $776 million, and core deposit intangibles were $480 million[18] Loan and Deposit Portfolio - Average loans grew by $132 billion QoQ, with commercial loans increasing by $177 million, or 84% QoQ and $460 million, or 253% YoY[30] - Average total deposits grew by $114 billion QoQ[37] - Cost of deposits remained flat at 155%[37] Outlook - The company expects to maintain a net interest margin in the mid-360s bps level in 4Q25, including projected contractual purchase accounting loan accretion of $19 million[89] - Noninterest income is expected to be in the range of $32 million to $33 million in 4Q25[89] - Noninterest expense is expected to be in the range of $102 million to $104 million in 4Q25[89]

Core Insights - Northwest Bancshares (NWBI) reported a revenue of $168.17 million for the quarter ended September 2025, reflecting a year-over-year increase of 20.9% [1] - The earnings per share (EPS) for the quarter was $0.29, up from $0.26 in the same quarter last year [1] - The reported revenue exceeded the Zacks Consensus Estimate of $167.1 million by 0.64%, while the EPS met the consensus estimate [1] Financial Metrics - Efficiency Ratio stood at 79.4%, significantly higher than the average estimate of 65% based on three analysts [4] - Net interest margin was reported at 3.7%, slightly above the average estimate of 3.5% based on three analysts [4] - Net charge-offs to average loans, annualized, were at 0.3%, matching the average estimate based on two analysts [4] - Average balance of total interest-earning assets was $14.87 billion, compared to the average estimate of $14.76 billion based on two analysts [4] - Total noninterest income was $32.2 million, slightly below the average estimate of $32.47 million based on three analysts [4] - Net Interest Income (FTE) was reported at $136.94 million, exceeding the average estimate of $135.5 million based on two analysts [4] - Mortgage banking income was $1 million, below the average estimate of $1.1 million based on two analysts [4] Stock Performance - Shares of Northwest Bancshares have returned +0.4% over the past month, compared to a +2.5% change in the Zacks S&P 500 composite [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3]