Northwest Bancshares(US:NWBI)2025-10-28 13:00Financial 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]