Financial Data and Key Metrics Changes - The company reported revenue of $156 million and net income of $43 million, an increase of $14 million or 48% compared to the same quarter last year, with earnings per diluted share rising to $0.34 from $0.23 [5][6] - The net interest margin improved by 45 basis points from the prior quarter to 3.87%, marking the fourth consecutive quarter of margin improvement [11][12] - Non-interest income decreased by $11.7 million due to prior quarter transactions, but overall revenue grew by 19% compared to Q1 2024 [12][16] Business Line Data and Key Metrics Changes - Average commercial loans increased by $121 million or 6.2% compared to the fourth quarter, reflecting a strategic shift towards commercial lending [13] - The consumer non-brokered average deposits increased by $68 million quarter over quarter, while brokered deposits decreased by $8 million [14] - The loan yields increased by 44 basis points to 6%, benefiting from an interest recovery [13] Market Data and Key Metrics Changes - Average total deposits increased by $60 million quarter over quarter and grew by 1.7% or $200 million compared to Q1 2024 [14] - The cost of deposits decreased by 9 basis points quarter over quarter, with the current cost standing at 1.59% [14][15] - The overall coverage ratio is at 1.09%, reflecting prudent risk management amid market concerns [19] Company Strategy and Development Direction - The company continues to focus on sustainable, responsible, and profitable growth, with a strategic shift towards commercial lending and enhancing retail banking [6][7] - Integration activities for the merger with Pennswoods Bancorp are underway, expected to close by late July, which will position the company among the top 100 banks in the U.S. by asset size [8][9] - The company is also exploring de novo branch opportunities, particularly in Columbus and Indianapolis [7] Management's Comments on Operating Environment and Future Outlook - The current operating environment is characterized by significant market volatility and economic uncertainty, but the company remains focused on managing controllable factors [10][11] - The company expects to maintain its margin performance at or above the high end of its range, depending on future Fed rate cuts [22] - Loan growth will depend on the broader economic environment, which remains unpredictable [22] Other Important Information - The company declared a quarterly dividend of $0.20 per share to shareholders of record as of May 8, 2025 [6] - Non-interest expense declined by 3.8% compared to the prior quarter, driven by disciplined expense management [12][18] Q&A Session Summary Question: Margin guidance and future expectations - Management indicated a core margin of 3.48% and expects to be at the high end of the range, with potential impacts from future rate cuts [30] Question: Deposit growth drivers - The company is transitioning from CDs to more liquid products, with new money market rates around 3.75% [34][38] Question: Credit trends and tariff impacts - Management noted minimal current impact from tariffs, with exposure to manufacturing, transportation, and hospitality sectors being monitored [45] Question: Commercial loan build-out and market share - The company continues to take share in newer verticals and has seen stronger pipelines compared to the previous year [46][54] Question: Competitive landscape and yield trends - New commercial loan yields are at 7.26%, with roll-off yields at 6.76%, indicating competitive pressure [61] Question: Future M&A activity - Management remains open to future M&A opportunities but is currently focused on internal efficiencies and execution [81]

First Quarter 2025 Earnings Conference Call April 29, 2025 Forward-looking Statements and Additional Information The information contained in this presentation may contain forward-looking statements. When used or incorporated by reference in disclosure documents, the words "believe," "anticipate," "estimate," "expect," "project," "target," "goal" and similar expressions are intended to identify forward-looking statements within the meaning of section 27A of the Securities Act of 1933 and section 21E of the ...

Northwest Bancshares, Inc. (NASDAQ:NWBI) Q1 2025 Earnings Conference Call April 29, 2025 9:00 AM ET Company Participants Michael Perry - Managing Director, Corporate Strategy and Development and Investor Relations Louis Torchio - President and CEO Doug Schosser - Chief Financial Officer Thomas Creal - Chief Credit Officer Sean Morrow - Treasurer Conference Call Participants Tim Switzer - KBW Daniel Tamayo - Raymond James Matthew Breese - Stephens, Inc. Manuel Navas - D. A. Davidson Operator Thank you for st ...

Financial Performance - The company reported revenue of $156 million and net income of $43 million, marking a 48% increase in net income compared to the same quarter last year [5][11] - Earnings per diluted share increased to $0.34 from $0.23 in the first quarter of 2024 [5] - The net interest margin expanded by 45 basis points to 3.87%, attributed to lower cost of funds and increased asset yields [10][11] - Non-interest income decreased by $11.7 million due to prior quarter transactions but showed a 19% increase year-over-year [11][15] Business Line Performance - Average commercial loans increased by $121 million or 6.2% compared to the previous quarter, reflecting a strategic shift towards commercial lending [12] - The consumer loan segment saw modest growth, capitalizing on stronger demand for indirect loans [12] - The commercial real estate (CRE) portfolio declined by 3.5%, while residential mortgage and home equity portfolios decreased by 1.9% and 1.3%, respectively [13] Market Data - Average total deposits increased by $60 million quarter-over-quarter, with consumer non-brokered deposits rising by $68 million [13] - The cost of deposits decreased by nine basis points to 1.59%, maintaining a competitive position relative to peers [14] Company Strategy and Industry Competition - The company is focused on sustainable, responsible, and profitable growth, with a renewed emphasis on enhancing its retail banking franchise [6][7] - A merger with Pennswoods Bancorp is underway, expected to close by late July, which will position the company among the top 100 banks in the U.S. by asset size [8][9] - The company is actively pursuing de novo branch opportunities, particularly in Columbus and Indianapolis [7] Management Commentary on Operating Environment and Future Outlook - The current operating environment is characterized by significant market volatility and economic uncertainty, but the company remains focused on managing controllable factors [9][10] - The company expects to maintain its margin performance and is cautious about loan growth due to unpredictable economic conditions [20][21] Other Important Information - The adjusted efficiency ratio improved to 57.7%, reflecting disciplined expense management [16] - The company has a stable credit risk profile, with non-performing loans and assets at five-quarter lows [18] Q&A Session Summary Question: Margin guidance and economic outlook - Management indicated a core margin of 3.48% and expects to be at the high end of the range, with potential impacts from future Fed rate cuts [27][28] Question: Deposit growth drivers - The company is transitioning from CDs to more liquid products, with new money market rates around 3.75% [30][32] Question: Credit trends and industry exposure - Management noted potential impacts from tariffs on industries like manufacturing and transportation, with aggregate exposure at about 8% of the loan portfolio [42][43] Question: Commercial loan build-out - The company continues to take share in newer verticals and has seen stronger pipelines compared to the previous year [44][51] Question: Impact of Pennswoods acquisition on financial metrics - Management refrained from providing specific guidance on tangible book value dilution or purchase accounting due to market volatility [40][72] Question: Future M&A activity - The company remains open to future acquisitions but is currently focused on internal efficiencies and execution due to market conditions [76][78]

For the quarter ended March 2025, Northwest Bancshares (NWBI) reported revenue of $156.17 million, up 19% over the same period last year. EPS came in at $0.35, compared to $0.23 in the year-ago quarter.The reported revenue represents a surprise of +8.88% over the Zacks Consensus Estimate of $143.43 million. With the consensus EPS estimate being $0.25, the EPS surprise was +40.00%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to dete ...

Northwest Bancshares (NWBI) came out with quarterly earnings of $0.35 per share, beating the Zacks Consensus Estimate of $0.25 per share. This compares to earnings of $0.23 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 40%. A quarter ago, it was expected that this holding company for Northwest Savings Bank would post earnings of $0.26 per share when it actually produced earnings of $0.27, delivering a surprise of 3.85%.Over ...

EXHIBIT 99.1 PRESS RELEASE OF NORTHWEST BANCSHARES, INC. EARNINGS RELEASE FOR IMMEDIATE RELEASE Investor Contact: Michael Perry, Corporate Development & Strategy (814) 726-2140 Media Contact: Ian Bailey, External Communications (380) 400-2423 Northwest Bancshares, Inc. Announces First Quarter 2025 net income of $43 million, or $0.34 per diluted share Net interest margin expands 45 basis points to 3.87% our 4th consecutive quarter of improved margin All regulatory and shareholder approvals received for Penns ...

Core Points - The company reported a net income of $43 million for the quarter ended March 31, 2025, an increase of $14 million from the same quarter last year and $11 million from the previous quarter [1][14][15] - Total revenue grew by 19% compared to the first quarter of 2024 [1] - The company declared a quarterly cash dividend of $0.20 per share, marking the 122nd consecutive quarter of dividend payments, with an annualized dividend yield of approximately 6.7% [3] Financial Performance - Adjusted net income (non-GAAP) increased to $44 million, or $0.35 per diluted share, driven by a $14 million increase in net interest income [2] - Annualized returns on average shareholders' equity and average assets for the quarter were 10.90% and 1.22%, respectively, compared to 7.57% and 0.81% for the same quarter last year [1][25] - Net interest income rose to $127.8 million, an increase of 11.9% from the previous quarter and 23.8% from the same quarter last year [6] Balance Sheet Highlights - Average loans receivable decreased by 0.3% from the previous quarter and 1.5% from the same quarter last year, primarily due to a decline in the personal banking portfolio [5][7] - Average deposits increased by 0.5% from the previous quarter and 1.7% from the same quarter last year, driven by growth in money market and savings account balances [5][7] - Total assets as of March 31, 2025, were $14.45 billion, a slight increase from $14.41 billion at the end of the previous quarter [20] Credit Quality - Nonperforming assets remained stable at 0.52% of total assets [1] - The total provision for credit losses was $8 million, a decrease of 52.2% from the previous quarter, reflecting growth in the commercial lending portfolio [9] - Classified loans increased to $279 million, or 2.49% of total loans, compared to 1.99% a year ago [10] Noninterest Income and Expenses - Total noninterest income decreased by 29.2% from the previous quarter, primarily due to a decline in other operating income [11] - Total noninterest expense was $91.7 million, a slight increase from the same quarter last year, driven by higher personnel expenses [12][13] - The efficiency ratio improved to 58.74%, down from 61.80% in the previous quarter [14] Strategic Outlook - The company is focused on executing its financial close and systems conversion for the Penns Woods acquisition by late July 2025 [4] - Management remains optimistic about the company's prospects, emphasizing cost control and risk management [4]

Core Viewpoint - Northwest Bancshares, Inc. will host a conference call to discuss its first quarter 2025 financial results on April 29, 2025, at 9:00 a.m. EDT, with results released after market close on April 28, 2025 [1]. Group 1: Conference Call Details - The conference call will be available via a live audio webcast, and presentation slides will be accessible in the Investor Relations section of the company's website [2]. - The public can register for the conference call through a specified link, receiving instructions for calendar downloads and email reminders [2]. - Participants are encouraged to join 15 minutes prior to the call, and a replay of the webcast will be archived on the company's website [3]. Group 2: Company Overview - Northwest Bancshares, Inc. is headquartered in Columbus, Ohio, and serves as the bank holding company for Northwest Bank, which was founded in 1896 [4]. - Northwest Bank is a full-service financial institution offering a wide range of business and personal banking products, as well as employee benefits and wealth management services [4]. - The company operates 130 full-service financial centers and eleven free-standing drive-up facilities across Pennsylvania, New York, Ohio, and Indiana [4]. - Northwest Bancshares, Inc.'s common stock is listed on the NASDAQ Global Select Market under the ticker symbol "NWBI" [4].

Core Viewpoint - Purcell & Lefkowitz LLP is investigating Northwest Bancshares, Inc. to determine if its directors breached fiduciary duties related to recent corporate actions [1] Group 1 - The investigation is on behalf of the shareholders of Northwest Bancshares, Inc. [1] - The law firm specializes in representing shareholders affected by securities fraud and corporate misconduct [3] - Shareholders can obtain additional information regarding their rights and options at no cost [2]