Northwest Bancshares FY26 Q2 net income rises 59% y/y to $54 million; net interest margin widens 19 bps y/y to 3.75% - NWBI News | RalliesNorthwest Bancshares FY26 Q2 net income rises 59% y/y to $54 million; net interest margin widens 19 bps y/y to 3.75%
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NWBI• Credit quality and dividend
- Provision for credit losses totaled USD 6.64 million; annualized net charge-offs were 0.15%, with nonperforming assets at 0.69%.
- Quarterly dividend held at USD 0.20 per share, payable Aug. 18; CEO Louis J. Torchio cited 32% year-over-year C&I loan growth.
Quarterly results and margins
- Northwest Bancshares posted Q2 GAAP net income of USD 54 million, up 59% year over year; diluted EPS rose to USD 0.36 from USD 0.26.
- Net interest income climbed 23% year over year to USD 146.94 million; net interest margin widened 0.19 percentage points to 3.75%.
- Noninterest income increased 10.6% year over year to USD 34.23 million; noninterest expense rose 6.9% to USD 104.28 million.
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