Northwest Bancshares, Inc. (NWBI) Income Statement
NWBI 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsNWBI revenue and net income
Where NWBI's revenue goes
2025Each bar shows an amount and its share of revenue. NWBI kept 14.4% of revenue as net income.
NWBI profit margins
NWBI growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +16.3% | +16.3% | +9.3% | +8.6% |
| Gross profit | +20.8% | +6.1% | +6.5% | +6.5% |
| Operating income | +27.2% | −1.7% | +12.2% | +6.4% |
| Net income | +25.7% | −1.9% | +11.0% | +7.6% |
| EPS (diluted) | +23.3% | +5.6% | +5.8% | +6.0% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
NWBI quarterly EPS vs estimates
Northwest Bancshares beat the analyst EPS estimate in 7 of the last 8 quarters. Next report: October 26, 2026 (estimate $0.35).
NWBI income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $877.0M | $754.1M | $700.0M | $557.8M | $534.1M | $563.1M | $514.2M | $465.3M | $466.5M | $428.6M |
| Cost of revenue | $277.9M | $258.1M | $175.1M | $56.4M | $11.5M | $126.3M | $79.6M | $57.5M | $47.8M | $51.8M |
| Gross profit | $599.1M | $496.0M | $524.9M | $501.4M | $522.7M | $436.7M | $434.7M | $407.8M | $418.7M | $376.7M |
| Research & development | — | — | — | — | — | — | — | $0 | $0 | $0 |
| Sales, general & admin | $262.7M | $234.9M | $214.4M | $202.2M | $207.1M | $206.6M | $184.9M | $177.7M | $181.8M | $170.7M |
| Total operating expenses | $434.4M | $366.4M | $349.9M | $327.7M | $320.4M | $344.2M | $293.5M | $273.9M | $282.8M | $305.4M |
| Operating income | $164.8M | $129.5M | $175.1M | $173.7M | $201.1M | $92.5M | $141.1M | $133.9M | $135.9M | $71.3M |
| Interest income | $747.6M | $667.3M | $555.8M | $448.1M | $418.1M | $433.1M | $416.3M | $375.3M | $358.6M | $344.3M |
| Interest expense | $224.3M | $233.6M | $152.2M | $28.1M | $27.2M | $42.3M | $56.9M | $37.1M | $28.1M | $38.3M |
| Income before taxes | $164.8M | $129.5M | $175.1M | $173.7M | $201.1M | $92.5M | $141.1M | $133.9M | $135.9M | $71.3M |
| Income taxes | $38.8M | $29.3M | $40.1M | $40.0M | $46.8M | $17.7M | $30.7M | $28.4M | $41.4M | $21.6M |
| Net income | $126.0M | $100.3M | $135.0M | $133.7M | $154.3M | $74.9M | $110.4M | $105.5M | $94.5M | $49.7M |
| EBITDA | $164.9M | $150.9M | $199.6M | $180.1M | $207.8M | $97.3M | $144.9M | $142.0M | $150.2M | $86.7M |
| EPS (diluted) | $1.27 | $1.03 | $1.10 | $1.08 | $1.09 | $0.96 | $1.07 | $1.03 | $0.83 | $0.86 |
| Gross margin | 68.3% | 65.8% | 75.0% | 89.9% | 97.9% | 77.6% | 84.5% | 87.6% | 89.7% | 87.9% |
| Operating margin | 18.8% | 17.2% | 25.0% | 31.1% | 37.7% | 16.4% | 27.4% | 28.8% | 29.1% | 16.6% |
| Net margin | 14.4% | 13.3% | 19.3% | 24.0% | 28.9% | 13.3% | 21.5% | 22.7% | 20.3% | 11.6% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $142.7M | $234.1M | $240.6M | $226.1M | $201.7M | $208.6M | $209.9M | $198.7M | $157.6M | $187.9M | $186.2M | $181.9M |
| Cost of revenue | $64.8M | $63.4M | $66.4M | $89.9M | $60.9M | $60.7M | $73.1M | $65.0M | $59.6M | $60.4M | $59.0M | $44.2M |
| Gross profit | $77.9M | $170.7M | $174.2M | $136.2M | $140.8M | $147.9M | $136.8M | $133.8M | $98.0M | $127.6M | $127.2M | $137.7M |
| Sales, general & admin | $74.3M | $90.5M | $75.1M | $68.3M | $60.5M | $58.7M | $58.5M | $61.0M | $58.8M | $56.7M | $54.2M | $56.0M |
| Total operating expenses | $74.3M | $104.0M | $113.5M | $132.7M | $96.7M | $91.4M | $94.4M | $90.3M | $92.0M | $89.7M | $90.3M | $87.0M |
| Operating income | $3.5M | $66.7M | $60.7M | $3.5M | $44.1M | $56.5M | $42.4M | $43.5M | $5.9M | $37.7M | $36.8M | $50.7M |
| Interest income | $204.4M | $200.8M | $202.1M | $194.0M | $171.3M | $180.2M | $170.3M | $171.0M | $166.4M | $159.6M | $156.7M | $150.9M |
| Interest expense | $58.2M | $59.1M | $60.7M | $58.7M | $52.1M | $52.8M | $56.5M | $60.1M | $60.0M | $57.0M | $51.1M | $43.2M |
| Income before taxes | $70.2M | $66.7M | $60.7M | $3.5M | $44.1M | $56.5M | $42.4M | $43.5M | $5.9M | $37.7M | $36.8M | $50.7M |
| Income taxes | $16.7M | $16.1M | $15.0M | $302,000 | $10.4M | $13.1M | $9.6M | $9.9M | $1.2M | $8.6M | $7.8M | $11.5M |
| Net income | $53.5M | $50.5M | $45.7M | $3.2M | $33.7M | $43.5M | $32.8M | $33.6M | $4.7M | $29.2M | $29.0M | $39.2M |
| EBITDA | $3.5M | $65.3M | $60.7M | $3.5M | $45.2M | $57.1M | $45.6M | $50.6M | $12.3M | $42.4M | $44.9M | $58.4M |
| EPS (diluted) | $0.37 | $0.35 | $0.33 | $0.29 | $0.30 | $0.35 | $0.27 | $0.26 | $0.27 | $0.23 | $0.24 | $0.31 |
| Gross margin | 54.6% | 72.9% | 72.4% | 60.2% | 69.8% | 70.9% | 65.2% | 67.3% | 62.2% | 67.9% | 68.3% | 75.7% |
| Operating margin | 2.5% | 28.5% | 25.2% | 1.5% | 21.9% | 27.1% | 20.2% | 21.9% | 3.8% | 20.1% | 19.8% | 27.9% |
| Net margin | 37.5% | 21.6% | 19.0% | 1.4% | 16.7% | 20.8% | 15.6% | 16.9% | 3.0% | 15.5% | 15.6% | 21.6% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in NWBI's financial statements (latest annual report filed February 25, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
NWBI financial results
In fiscal year 2025 (ended December 31, 2025), Northwest Bancshares reported revenue of $877.0 million, up 16.3% from the year before. It had net income of $126.0 million (up 25.7%), a net profit margin of 14.4%. Diluted earnings per share came to $1.27. Over five years revenue grew at an average rate of 9.3% a year.
See the NWBI stock overview for the latest quote and news, or the NWBI chart for price history and technical indicators.
NWBI income statement FAQ
What is Northwest Bancshares's annual revenue?
Northwest Bancshares reported total revenue of $877.0 million for fiscal year 2025, which ended on December 31, 2025. That was up 16.3% from $754.1 million the previous year.
Is Northwest Bancshares profitable?
Yes. Northwest Bancshares reported net income of $126.0 million in fiscal 2025, a net profit margin of 14.4%; its operating margin was 18.8%.
What is Northwest Bancshares's gross margin?
Northwest Bancshares's gross margin was 68.3% in fiscal 2025: for every $100 of revenue, Northwest Bancshares kept $68 after the direct cost of its products and services.
How fast is Northwest Bancshares growing?
Revenue grew 9.3% a year on average over the last five fiscal years, from $563.1 million to $877.0 million.
What are Northwest Bancshares's earnings per share?
Northwest Bancshares earned $1.27 per diluted share in fiscal 2025, compared with $1.03 a year earlier.
When will Northwest Bancshares report its next earnings?
Northwest Bancshares is expected to report results for the quarter ending September 30, 2026 on October 26, 2026 after the market closes.
When does Northwest Bancshares's fiscal year end?
Northwest Bancshares's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 25, 2026.