News | July 29, 2025
Northwest Bancshares, Inc. Announces Second Quarter 2025 Net Income
Highlights:
- Total revenue grew 54% and net interest income increased 12% over prior year quarter
- Successful completion and systems conversion of Penns Woods merger
- Strong 2Q net interest margin at 3.56% as we continue to manage our funding costs and maintain our loan yield
- Noninterest income grew 9% over prior quarter
- 2Q25 adjusted (non-GAAP) net income of $38 million, or $0.30 per diluted share
- Commercial C&I lending momentum continues with 19% growth in the last year
COLUMBUS, Ohio, July 29, 2025 /PRNewswire/ -- Northwest Bancshares, Inc., (the "Company"), (Nasdaq: NWBI) announced net income for the quarter ended June 30, 2025 of $34 million, or $0.26 per diluted share. This represents an increase of $29 million compared to the same quarter last year, when net income was $5 million, or $0.04 per diluted share, and a decrease of $10 million compared to the prior quarter, when net income was $43 million, or $0.34 per diluted share. The annualized returns on average shareholders' equity and average assets for the quarter ended June 30, 2025 were 8.26% and 0.93% compared to 1.24% and 0.13% for the same quarter last year and 10.90% and 1.22% from the prior quarter.
