Northwest Bancshares Reports Third Quarter 2026 Net Income of $51 Million
Northwest Bancshares, Inc. (NWBI) reported strong third-quarter 2026 financial results, posting a GAAP net income of $51 million, or $0.34 per diluted share. This marks a significant year-over-year increase from the $3 million net income recorded in the same period last year. The company achieved record total revenue and net interest income, supported by a 31% year-over-year growth in average commercial and industrial (C&I) loans. Despite slight quarter-over-quarter decreases in adjusted earnings due to higher provision for credit losses and noninterest expenses, the bank maintained strong asset quality with annualized net charge-offs of only 0.15%. The company also declared its 128th consecutive quarterly cash dividend of $0.20 per share, representing an annualized yield of approximately 5.4% based on recent market values.
Tickers: $NWBI
Topics: credit quality dividend declaration earnings per share loan growth net income
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Part of the story Cincinnati Financial Reports Third-Quarter 2026 Results (18 articles)