Northwest Bancshares Reports Record Q2 Net Income of $54 Million
Northwest Bancshares, Inc. (Nasdaq: NWBI) reported record second-quarter net income for the quarter ended June 30, 2026, at $54 million or $0.36 per diluted share under GAAP standards. This marks a significant increase from both the same period last year and the previous quarter. Adjusted earnings (non-GAAP) were also strong at $0.37 per share. The company's net interest margin expanded to 3.75%, while credit quality remained robust with annualized net charge-offs of just 0.15% and nonperforming assets at 0.69%. Northwest Bancshares experienced a modest but steady growth in loans, reporting an increase of $4 million in net interest income alongside improved efficiency ratios. The company's Board declared another quarterly cash dividend of $0.20 per share, continuing its streak of consecutive dividends for over two decades.
Tickers: $NWBI
Topics: dividend earnings net income non-GAAP metrics