News | April 28, 2025
Northwest Bancshares, Inc. Announces First Quarter 2025 Net Income
Highlights:
- 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 Woods merger
- Total revenue grew 19% from first quarter 2024
- 3rd consecutive quarter of reduced costs of funds
- Credit quality remains stable with nonperforming assets at 0.52% of total assets
COLUMBUS, Ohio, April 28, 2025 - Northwest Bancshares, Inc., (the "Company"), (Nasdaq: NWBI) announced net income for the quarter ended March 31, 2025 of $43 million, or $0.34 per diluted share. This represents an increase of $14 million compared to the same quarter last year, when net income was $29 million, or $0.23 per diluted share, and an increase of $11 million compared to the prior quarter, when net income was $33 million, or $0.26 per diluted share. The annualized returns on average shareholders' equity and average assets for the quarter ended March 31, 2025 were 10.90% and 1.22% compared to 7.57% and 0.81% for the same quarter last year and 8.20% and 0.91% from the prior quarter.
