# Northwest Bancshares, Inc. (NWBI) Q2 2025 Financial Results Summary
**Release Date: July 29, 2025**
Northwest Bancshares, Inc. announced its financial results for the second quarter of 2025, reporting strong growth in revenues and net income compared to the same quarter last year, alongside details regarding dividends and operational strategies. Here is a summary of the key metrics and highlights from the announcement:
## Financial Performance Highlights
– **Net Income**: $34 million, or $0.26 per diluted share
– **Increase**: 580% compared to $5 million, or $0.04 per diluted share in Q2 2024
– **Decrease**: 21% from $43 million, or $0.34 per diluted share in Q1 2025
– **Adjusted Net Income (Non-GAAP)**: $38 million, or $0.30 per diluted share
– **Decrease**: 14% from $44 million, or $0.35 per diluted share in Q1 2025
– **Total Revenue**: Increased by **54%** year-over-year
– **Net Interest Income**: $119 million
– **Increase**: **12%** from $106 million in Q2 2024
– **Decrease**: 6.6% from $127 million in Q1 2025
– **Net Interest Margin**: 3.56%
– **Increase**: From 3.20% in Q2 2024
– **Decrease**: From 3.87% in Q1 2025
– **Return on Average Shareholders’ Equity**: 8.26%
– **Increase**: From 1.24% in Q2 2024
– **Decrease**: From 10.90% in Q1 2025
– **Return on Average Assets**: 0.93%
– **Increase**: From 0.13% in Q2 2024
– **Decrease**: From 1.22% in Q1 2025
## Balance Sheet Highlights
– **Average Loans Receivable**: $11.25 billion
– **Decrease**: 1.1% from $11.37 billion in Q2 2024
– **Increase**: 0.6% from $11.18 billion in Q1 2025
– **Average Investments**: $2.06 billion
– **Increase**: 1.7% from $2.02 billion in Q2 2024
– **Increase**: 0.9% from $2.03 billion in Q1 2025
– **Average Deposits**: $12.15 billion
– **Increase**: 0.6% from $12.09 billion in Q2 2024
– **Increase**: 0.5% from $12.09 billion in Q1 2025
– **Average Borrowed Funds**: $208 million
– **Decrease**: 35.5% from $323 million in Q2 2024
– **Decrease**: 7% from $224 million in Q1 2025
## Noninterest Income and Expense
– **Noninterest Income**: Totaled $30.94 million
– **Increase**: 449.6% from a loss of $8.85 million in Q2 2024
– **Total Noninterest Expense**: $97.54 million
– **Increase**: 5.5% from $92.42 million in Q2 2024
## Dividend Declaration
– The Board of Directors declared a **quarterly cash dividend of $0.20 per share**.
– **Payable Date**: August 19, 2025
– **Record Date**: August 8, 2025
– This marks the **123rd consecutive quarter** of cash dividend payments, reflecting a **6.3% annualized dividend yield** based on market value as of June 30, 2025.
## Strategic Overview
– Successful completion and systems conversion of the **Penns Woods merger**.
– Emphasis on the **commercial and industrial (C&I) lending** sector, with a 19% growth noted in the past year.
– Continued focus on expanding operations and enhancing capabilities with new branch openings.
## Asset Quality
– **Provision for Credit Losses on Loans**: $11.46 million
– **Increase**: 428.2% from $2.17 million in Q2 2024
– **Classified Loans**: Increased to $518 million (4.57% of total loans), compared to $257 million (2.26%) in Q2 2024.
These results underscore Northwest Bancshares, Inc.’s commitment to sustainable growth, even amidst a challenging operating environment.
| 2Q25 | 1Q25 | 2Q24 | Change 2Q25 vs. | |||
|---|---|---|---|---|---|---|
| Interest income | $171,570 | $180,595 | $166,854 | -5.0% | ||
| Interest expense | 52,126 | 52,777 | 60,013 | -1.2% | ||
| Net interest income | $119,444 | $127,818 | $106,841 | -6.6% | ||
| Net interest margin | 3.56% | 3.87% | 3.20% | |||
| Provision for credit losses | 11,456 | 8,256 | 2,169 | 38.8% | ||
| Provision for credit losses – unfunded commitments | -2,712 | -345 | -2,539 | 686.1% | ||
| Total provision for credit losses expense | 8,744 | 7,911 | -370 | 10.5% | ||
| Income before income taxes | $44,098 | $56,525 | $5,942 | -22.0% | ||
| Income tax expense | $10,423 | $13,067 | $1,195 | -20.2% | ||
| Net income | $33,675 | $43,458 | $4,747 | -22.5% | ||
| Basic earnings per share | $0.26 | $0.34 | $0.04 | |||
| Diluted earnings per share | $0.26 | $0.34 | $0.04 | |||
| Weighted average common shares outstanding – diluted | 128,114,509 | 128,299,013 | 127,199,039 | |||
| Annualized return on average equity | 8.26% | 10.90% | 1.24% | |||
| Annualized return on average assets | 0.93% | 1.22% | 0.13% |
| June 30, 2025 | December 31, 2024 | June 30, 2024 | |
|---|---|---|---|
| Assets | |||
| Cash and cash equivalents | $267,075 | $288,378 | $228,433 |
| Marketable securities available-for-sale | 1,194,883 | 1,108,944 | 1,029,191 |
| Total cash and cash equivalents and marketable securities | 2,181,519 | 2,147,908 | 2,041,832 |
| Loans receivable | |||
| Residential mortgage loans | 3,052,126 | 3,178,269 | 3,315,303 |
| Home equity loans | 1,157,520 | 1,149,396 | 1,180,486 |
| Commercial loans | 2,138,499 | 2,007,402 | 1,742,114 |
| Total loans receivable | 11,341,824 | 11,180,014 | 11,354,364 |
| Allowance for credit losses | -129,159 | -116,819 | -125,070 |
| Loans receivable, net | 11,212,665 | 11,063,195 | 11,229,294 |
| Total assets | $14,485,107 | $14,408,224 | $14,385,553 |
| Liabilities | |||
| Total liabilities | 12,843,039 | 12,811,368 | 12,828,955 |
| Shareholders’ equity | |||
| Total shareholders’ equity | 1,642,068 | 1,596,856 | 1,556,598 |
| Total liabilities and shareholders’ equity | $14,485,107 | $14,408,224 | $14,385,553 |
