Northwest Bancshares earnings date
Northwest Bancshares (NHS) Q3 2026 Earnings Report
DE:NHS Q3 2026 EPS Results
- Actual EPS
- EUR 0.31
- Consensus EPS
- EUR 0.31
- Beat/Miss
- Beat by +EUR 0.01
- One Year Ago EPS
- EUR 0.26
DE:NHS Q3 2026 Revenue Results
- Actual Revenue
- EUR 219.78M
- Expected Revenue
- EUR 163.73M
- Beat/Miss
- Beat by +EUR 56.05M
- YoY Revenue Growth
- +8.86%
Earnings Announcement Details
- Quarter
- Q3 2026
- Date
- 10/26/2026
- Time
- After Close
- Conference Call
- Monday, October 26, 2026
Northwest Bancshares's next earnings date is estimated for January 25, 2027, based on past reporting schedules.
Q3 2026 Earnings Call Audio
Q3 2026 Earnings Slide Deck
Q3 2026 Earnings Call Summary
The call was strongly positive overall. Management reported record revenue and net interest income, robust C&I and commercial lending growth, improving fee income, favorable net charge-off performance, continued Columbus expansion, and constructive full-year guidance. These strengths were partly offset by sequential EPS and NIM declines, CRE runoff, competitive deposit and loan pricing conditions, higher expenses, and an increase in NPAs, but the stated highlights significantly outweighed the challenges.
For 2026, loan and deposit growth outlook remains unchanged; revenue is expected to be at the high end of the stated range, net interest margin is expected to be at 73 basis points for the fourth quarter 26 and 3.71% for the full year of 2026, noninterest income is expected to exceed the high end of the range, non interest expense is expected to be at the high end of the range, net charge offs are expected to be at the low end of the range, and the tax rate is expected to drift up to 24%; management expects at least 1 more rate hike later in this year or early in 2027, about 2 basis points of benefit from the sub debt payoff, fourth-quarter NIM of around the 3.73%, $7 million to $8 million in quarterly other noninterest income, 200 basis points of positive operating leverage on an annual basis, CRE’s overall net decline to shrink and maybe turn slightly positive within the next quarter, certainly within the next 2 quarters, and may consider buybacks entering into the mix in 2027 under the $50 million authorization.
- Record Revenue and Net Interest IncomeThird-quarter revenue was $185 million and net interest income was $149 million, both company records, with each increasing more than 9% year over year. Revenue increased 2% quarter over quarter and 9.9% year over year.
- Solid Earnings and ReturnsDiluted EPS was $0.34 on a GAAP basis and $0.35 on an adjusted basis. Return on average assets was 1.18%, and ROTCE was 13.9% on both a GAAP and adjusted basis.
- Strong Commercial and C&I Loan GrowthPeriod-end loans increased by $164 million to $13.3 billion, representing a 5% annualized growth rate, while average loans increased $208 million quarter over quarter. Average C&I loans increased $201 million, or 7.2% quarter over quarter and 30.8% year over year, to support continued commercial growth.
- Broad-Based National Vertical PerformanceThe nationwide business verticals continued to grow in a disciplined manner and now represent approximately 30% of the commercial lending portfolio. Management said growth was broad based across the national verticals, with opportunities in all of them.
- Commercial Real Estate Stabilization OutlookRecent commercial real estate loan production levels have been strong, and management said the portfolio may be nearing an inflection point after substantial historical runoff. Management expects the overall net decline to shrink and potentially turn slightly positive within the next quarter or certainly within the next two quarters.
- Deposit Franchise Strength and Relationship GrowthPeriod-end deposits increased $113 million, representing a 3.2% annualized growth rate. Primary deposit relationships grew on a net basis, supported by improved digital marketing and account opening, employee enablement programs, and the Columbus expansion. The deposit base includes more than 715 thousand accounts, has an average balance of $19.9 thousand, and an average tenure of more than 12.5 years.
- Stable Deposit Costs and Funding PositionThe cost of deposits remained relatively stable, increasing 1 basis point to 1.44%. Management said its granular and loyal deposit base, including markets with less competition, supports efforts to grow deposits while managing deposit costs.
- Fee Income and Wealth Management MomentumNoninterest income increased $1.7 million quarter over quarter and $3.7 million, or 11.6%, year over year, driven by service charges and fees and growth in wealth management. Trust and other financial services income increased 25.7% over the last year. Management expects noninterest income to exceed the high end of its stated range and cited wealth management, treasury management fees, SBA activity, and commercial deposit opportunities as contributors.
- Improved Operating Efficiency Year Over YearThe adjusted efficiency ratio was 57.8%, an improvement of 184 basis points year over year. Compensation and benefits increased only 1.5% over the last year, reflecting management's stated focus on personnel expense control.
- Favorable Credit PerformanceQuarterly annualized net charge-offs were 15 basis points, below the low end of full-year guidance for another quarter. Total delinquency was relatively stable at 87 basis points, 90-day-plus delinquency declined from 49 basis points to 36 basis points, and classified loans decreased as a percentage of total loans and on an absolute basis, partly due to payoffs and upgrades.
- Positive Full-Year OutlookManagement expects full-year 2026 revenue to be at the high end of its stated range, noninterest income to exceed the high end of its range, noninterest expense to be at the high end of its range, and net charge-offs to be at the low end of its range based on current economic conditions. The outlook for loan and deposit growth remained unchanged.
- Expected Fourth-Quarter Margin BenefitManagement expects the September rate hike and the sub debt payoff to benefit fourth-quarter net interest margin, with the sub debt payoff estimated to provide approximately 2 basis points of benefit. The fourth-quarter NIM expectation was 3.73%, compared with 3.70% in the third quarter, and full-year 2026 NIM guidance was 3.71%.
- Expansion in ColumbusNorthwest officially opened its second financial center in Columbus and expects two additional branches to open in the fourth quarter, with a fifth branch expected to open in February 2027. Management said all five branches should be fully opened by the end of the first quarter of 2027, and that the Columbus retail launch is exceeding expectations.
- Continued Investment in Growth and OperationsThe company is continuing to invest in talent, technology, new financial centers, wealth management, and organic growth initiatives. A new chief information officer is leading an evaluation of legacy systems, products, technology, and workflows intended to improve customer experience, reduce process friction, and identify cost savings and efficiencies.
- Shareholder Capital ReturnNorthwest returned more than half of its profits to shareholders through a quarterly dividend of $0.20 per share. The company has paid a cash dividend for 128 consecutive quarters. Management also said it may consider using its $50 million buyback authorization in 2027 as capital rules and capital needs become clearer.
DE:NHS Earnings History
| Report Date | Fiscal Quarter | Forecast / EPS | Last Year's EPS | EPS YoY Change | Press Release |
|---|---|---|---|---|---|
| Jan 25, 2027 | 2026 (Q4) | 0.31- | 0.29 | ― | ― |
| Oct 26, 2026 | 2026 (Q3) | 0.310.31 | 0.26 | 20.69% (+0.05) | |
| Jul 27, 2026 | 2026 (Q2) | 0.300.33 | 0.27 | 23.33% (+0.06) | |
| Apr 27, 2026 | 2026 (Q1) | 0.270.31 | 0.31 | 0.00% (+0.00) | |
| Jan 26, 2026 | 2025 (Q4) | 0.270.29 | 0.19 | 53.49% (+0.10) | |
| Oct 27, 2025 | 2025 (Q3) | 0.270.26 | 0.23 | 11.54% (+0.03) | |
| Jul 29, 2025 | 2025 (Q2) | 0.250.27 | 0.24 | 11.11% (+0.03) | |
| Apr 28, 2025 | 2025 (Q1) | 0.220.31 | 0.21 | 52.17% (+0.11) | |
| Jan 24, 2025 | 2024 (Q4) | 0.230.19 | 0.21 | -10.42% (-0.02) | |
| Oct 29, 2024 | 2024 (Q3) | 0.230.23 | 0.28 | -16.13% (-0.04) |
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
