Northwest Bancshares, Inc. Announces Fourth Quarter 2025 net income of $46 million, or $0.31 per diluted share

Core Insights - Northwest Bancshares, Inc. reported a net income of $46 million for Q4 2025, a significant increase from $33 million in the same quarter last year, and $3 million in the prior quarter [1][2] - The company achieved record total revenue of $180 million for the quarter, reflecting a 17% growth year-over-year [1] - Adjusted net income for the same quarter was $49 million, or $0.33 per diluted share, up from $41 million, or $0.29 per diluted share in the prior quarter [2] Financial Performance - The net interest margin expanded to 3.69%, driven by solid performance and an increase in net interest income [1][6] - Year-to-date earnings per share (EPS) reached $0.92, marking a 16% growth from the previous year [1] - The annualized return on average shareholders' equity for Q4 2025 was 9.70%, compared to 8.20% for the same quarter last year [1][23] Revenue and Income Breakdown - Total interest income for Q4 2025 was $202.8 million, an increase of 4.2% from the previous quarter and 18.8% from the same quarter last year [6][22] - Noninterest income totaled $37.8 million, a 17.3% increase from the previous quarter, primarily due to higher income from bank-owned life insurance [12][22] - The provision for credit losses decreased significantly to $7.7 million, down 75.2% from the prior quarter [9][22] Balance Sheet Highlights - Average loans receivable increased to approximately $12.98 billion, a 3.3% increase from the previous quarter and a 15.9% increase year-over-year [5][7] - Average deposits grew to $13.77 billion, reflecting a 3.6% increase from the previous quarter and a 14.5% increase from the same quarter last year [5][7] - Total assets reached $16.77 billion, up from $16.38 billion in the prior quarter [20][21] Strategic Initiatives - The company completed the acquisition of Penns Woods Bancorp, which contributed to the growth in loans and deposits [2][4] - The CEO expressed optimism for 2026, anticipating continued revenue growth and expansion in consumer and commercial markets [4][17]