Northwest Bancshares

What Northwest Bancshares does

Northwest Bancshares, Inc. is a Columbus, Ohio-based bank holding company (NASDAQ: NWBI) that operates Northwest Bank, a full-service financial institution founded in 1896 with 151 branches and 10 free-standing drive-up facilities across Pennsylvania, New York, Ohio, and Indiana. The company offers personal banking products (deposits, consumer loans, residential mortgages, home equity), business banking (commercial real estate, commercial and industrial loans, treasury management), and wealth management services (trust, investment management, insurance, employee benefits, financial planning), serving both individual consumers and small-to-mid-sized businesses in the Mid-Atlantic and Midwest.

The business model is anchored in net interest income generated from interest-earning assets, with Q1 2026 net interest margin of 3.70% supported by interest income from loans of $180.5M and a cost of interest-bearing deposits of 1.89%. Noninterest income of $32.6M in Q1 2026 is derived from service charges and fees ($17.1M), trust and financial services ($8.6M), gain on sale of SBA loans, bank-owned life insurance income, and other operating income. The dividend mechanism is a notable commercial signal: a $0.20 quarterly cash dividend representing 126 consecutive quarters of uninterrupted shareholder returns and an annualized yield of approximately 6.3%.

Operationally, the company is in an active expansion and modernization phase. The July 2025 acquisition of Penns Woods Bancorp added roughly $1.9B in average loans and $2.0B in deposits and was followed by full realization of expense synergies by Q1 2026, driving record net income of $51M (+16% YoY) and total revenue of $175M (+12% YoY). Geographic expansion is underway with five new financial centers planned for the Columbus market in 2026 and entry into the Indianapolis market. Recent senior hires (CIO Ballard ex-Wells Fargo, CLO Siegfried ex-Huntington) and deployment of AI agents and an AI-enhanced KYC platform indicate ongoing technology modernization to support scaling without proportionally scaling headcount.

Name

Northwest Bancshares

Legal name

Northwest Bancshares, Inc.

Website

https://investorrelations.northwest.bank

Company type

Public

Founded year

1896

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Northwest Bancshares, Inc. is a Columbus, Ohio-based bank holding company (NASDAQ: NWBI) operating Northwest Bank, with 151 financial centers across Pennsylvania, New York, Ohio, and Indiana offering personal banking, business banking, and wealth management services to consumers and small-to-mid-sized businesses.

Ownership category

akta.pro rank

Product category

Retail Banking

NAICS

Commercial Banking (52211), Offices of Bank Holding Companies (551111), Savings Institutions and Other Depository Credit Intermediation (52218)

SIC

State Commercial Banks (6022), Savings Institutions, Not Federally Chartered (6036)

akta.pro primary industry

Mass-Market Consumer Deposit Banking (Checking/Savings) (FSABAAAA)

akta.pro secondary industry

Real Estate (Commercial Property, REITs) (FSABACAH)

Keywords

• Retail banking services
• Commercial lending
• Consumer deposits
• Wealth management
• Mortgage loans

Headquarters

HQ city

Warren

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Net Interest Income: Primary revenue driver from interest-earning assets including loans receivable and investment securities. Interest income from loans was $180.5 million in Q1 2026. Net interest margin was 3.70% for Q1 2026.
2. Noninterest Income: Includes service charges and fees ($17.1M), trust and other financial services income ($8.6M), gain on sale of SBA loans ($1.2M), income from bank-owned life insurance ($2.0M), and other operating income ($3.2M). Total noninterest income was $32.6 million in Q1 2026.
3. Dividend Payments: Quarterly cash dividend of $0.20 per share, representing 126 consecutive quarters of dividend payments. Annualized dividend yield approximately 6.3% as of Q1 2026.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

Northwest Bancshares operates as a bank holding company through its wholly-owned subsidiary Northwest Bank, offering a comprehensive suite of personal banking products (deposits, consumer loans, residential mortgages, home equity), business banking services (commercial loans, commercial real estate, C&I lending), and wealth management (trust, investment management, insurance, employee benefits, financial planning). The bank distributes these services through 151 full-service financial centers across Pennsylvania, New York, Ohio, and Indiana.

Product overview

Northwest Bancshares operates as a bank holding company with its primary subsidiary Northwest Bank, offering a comprehensive suite of banking products and services. The portfolio includes personal banking (deposits, consumer loans, residential mortgages, home equity loans), business banking (commercial loans, commercial real estate loans, commercial and industrial lending), and wealth management services (trust, investment management, insurance, employee benefits, financial planning). The company also provides shareholder services including dividend reinvestment and stock purchase plans through a third-party administrator. The product architecture is organized as a unified banking platform with distinct service lines for consumer, commercial, and wealth management segments rather than separate modular products.

Differentiator

Problem solved

Functional benefit

Products and services

• Personal Banking Personal deposit accounts, consumer loans, residential mortgage loans, home equity loans, and related personal financial services for individual consumers across the bank's four-state footprint.
• Business Banking Business deposit products, commercial loans, commercial real estate loans, and commercial and industrial (C&I) lending services for business customers across Pennsylvania, New York, Ohio, and Indiana.
• Wealth Management Services Trust, investment management, insurance, employee benefit plans, and financial planning services offered to individuals, businesses, and charitable institutions.
• Dividend Reinvestment and Direct Stock Purchase Plan Plan offered through Equiniti Trust Company allowing existing shareholders and new investors to purchase shares of Northwest Bancshares, Inc. common stock directly.
• Shareholder Services Shareholder account management services including dividend reinvestment, direct deposit of dividends, transfer of ownership, and replacement checks processed through Equiniti Trust Company, LLC.

Quantifiable outcome

• Record Q1 2026 net income of $51 million, 16% YoY growth
• +3 more outcomes

Named customers2 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

One partnership is on record.

• Penns Woods Bancorp, Inc.coreStrategic or Co-development Partner · 1 July 2025Completed acquisition of Penns Woods Bancorp, Inc. in late July 2025. All expense synergies from the Penns Woods acquisition have been fully realized. Acquisition drove significant loan and deposit growth with average loans increasing $1.9 billion and deposits growing $2.0 billion. Enhanced presence in Pennsylvania markets.

Scale indicators8 records

Recent moves9 records

Expansion highlights6 records

Direct peers

• Peoples Bancorp Inc. Peoples Bancorp is an Ohio-based regional bank with consumer, commercial, and mortgage products across Ohio, Kentucky, and West Virginia. Direct overlap with Northwest's Ohio markets and similar product positioning.
• S&T Bancorp: S&T is a Western Pennsylvania-based community bank offering consumer and commercial banking, wealth management, and similar product breadth. Overlapping footprint in PA, comparable scale, and similar community-bank positioning make it one of the closest direct competitors.
• First Commonwealth Financial Corporation: First Commonwealth is a Pennsylvania-headquartered regional bank with consumer, commercial, and wealth management services. Its footprint overlaps heavily with Northwest's Pennsylvania markets, particularly after the Penns Woods acquisition.
• Univest Financial Corporation: Univest is a Pennsylvania-based bank holding company offering community banking, commercial lending, and wealth management with comparable customer segments. Strong product-line and geographic overlap, particularly in Eastern Pennsylvania.
• F.N.B. Corporation: F.N.B. is a similarly-sized regional bank holding company operating across Pennsylvania, Ohio, and surrounding states with comparable consumer, commercial, and wealth management product mix. Both compete head-to-head in Pennsylvania and Ohio metros and have pursued parallel M&A-driven growth strategies.
• Tompkins Financial Corporation: Tompkins Financial operates community banks in New York and Pennsylvania with consumer, commercial, and wealth management services. Overlapping footprint in upstate New York and Pennsylvania markets.
• CNB Financial Corporation: CNB Financial operates a Pennsylvania-based community bank with consumer, commercial, and wealth banking offerings. Similar size, similar Mid-Atlantic geographic exposure, and similar customer targeting profile.
• ACNB Corporation: ACNB is a small Pennsylvania-based community bank holding company offering consumer, commercial, mortgage, and wealth services. Smaller scale but directly comparable product mix and Pennsylvania market overlap.

Broad incumbents

• Old National Bancorp: Old National is a larger super-regional bank holding company with Midwest-heavy footprint and similar consumer/commercial banking mix. Larger scale but overlapping geographies and customer profiles — relevant for understanding competitive dynamics in Indiana and Ohio.
• PNC Financial Services Group: PNC is a top-10 US bank with deep presence across Pennsylvania, Ohio, and Indiana — directly competing with Northwest in consumer, commercial, and wealth banking across its core markets. Notable as the prior employer of several Northwest senior leaders.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xtwitter.com/nwsb
• Facebookfacebook.com/pages/Northwest-Savings-Bank/34877042828
• LinkedInlinkedin.com/companies/39449
• Instagraminstagram.com/northwestbank

Revenue estimate

Valuation estimate

Number of profiles

Profiles22 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Northwest Bancshares