Recent Updates — NWBI
Northwest Bancshares reported third-quarter 2026 GAAP net income of $51 million, or $0.34 per diluted share, a significant increase from $3 million in the prior-year period but down slightly from $54 million in the second quarter. The company achieved record total revenue and net interest income, driven by strong commercial and industrial loan growth and the integration of the Penns Woods Bancorp acquisition. Adjusted diluted EPS was $0.35 per share. Additionally, the Board declared a quarterly cash dividend of $0.20 per share, payable on November 17, 2026 to shareholders of record as of November 5, 2026. Northwest Bancshares is a bank holding company operating full-service financial centers in Pennsylvania, New York, Ohio, and Indiana.
Northwest Bancshares, Inc. reported record second quarter 2026 GAAP net income of $54 million, or $0.36 per diluted share, representing a 59% year-over-year increase. The company's Board of Directors declared a quarterly cash dividend of $0.20 per share, payable on August 18, 2026, to shareholders of record as of August 6, 2026. Northwest Bancshares, Inc. is a bank holding company providing full-service financial and personal banking products.
Northwest Bancshares, Inc. approved a new award of 125,298 restricted stock units to President and CEO Lou Torchio, effective on or about July 31, 2026. This award replaces a previously rescinded portion of an original 2024 award due to plan limits, and incorporates elements of regular annual grants that would have been granted under a higher individual grant limit. Northwest Bancshares, Inc. is a financial services company providing banking and wealth management services.