Northwest Bancshares Inc Md Financials

NWBI

Source SEC Filings (10-K/10-Q) Updated Sep 30, 2025 Currency USD FYE December

Financial Health Signals

Financial Profile 47/100

Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores

Growth

Northwest Bancshares Inc Md's revenue grew 13.8% year-over-year to $669.2M, a solid pace of expansion. This earns a growth score of 68/100.

Leverage

Northwest Bancshares Inc Md has elevated debt relative to equity (D/E of 8.02), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 0/100, reflecting increased financial risk.

Cash Flow

Northwest Bancshares Inc Md converts 18.7% of revenue into free cash flow ($125.4M). This strong cash generation earns a score of 94/100.

Returns

Northwest Bancshares Inc Md generates a 6.3% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 25/100. This is down from 8.7% the prior year.

Piotroski F-Score Neutral

4/9

Northwest Bancshares Inc Md passes 4 of 9 financial strength tests. 3 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.

Earnings Quality Cash-Backed

1.27x

For every $1 of reported earnings, Northwest Bancshares Inc Md generates $1.27 in operating cash flow ($127.7M OCF vs $100.3M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

This page shows Northwest Bancshares Inc Md (NWBI) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 16 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

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Key Financial Metrics

Revenue

$669.2M

YoY+13.8%

5Y CAGR+9.9%

10Y CAGR+8.2%

Northwest Bancshares Inc Md generated $669.2M in revenue in fiscal year 2024. This represents an increase of 13.8% from the prior year.

EBITDA

N/A

Free Cash Flow

$125.4M

YoY+48.7%

5Y CAGR+1.5%

10Y CAGR+4.5%

Northwest Bancshares Inc Md generated $125.4M in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 48.7% from the prior year.

Net Income

$100.3M

YoY-25.7%

5Y CAGR-1.9%

10Y CAGR+4.9%

Northwest Bancshares Inc Md reported $100.3M in net income in fiscal year 2024. This represents a decrease of 25.7% from the prior year.

EPS (Diluted)

$0.79

YoY-25.5%

5Y CAGR-5.4%

10Y CAGR+1.7%

Northwest Bancshares Inc Md earned $0.79 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 25.5% from the prior year.

Cash & Debt

$288.4M

YoY+135.9%

5Y CAGR+36.5%

10Y CAGR+1.8%

Northwest Bancshares Inc Md held $288.4M in cash against $0 in long-term debt as of fiscal year 2024.

Dividends Per Share

$0.80

YoY+0.0%

5Y CAGR+2.1%

10Y CAGR-6.8%

Northwest Bancshares Inc Md paid $0.80 per share in dividends in fiscal year 2024. This represents an increase of 0.0% from the prior year.

Shares Outstanding

128M

YoY+0.3%

5Y CAGR+3.6%

10Y CAGR+3.0%

Northwest Bancshares Inc Md had 128M shares outstanding in fiscal year 2024. This represents an increase of 0.3% from the prior year.

Gross Margin

N/A

Operating Margin

N/A

Net Margin

15.0%

YoY-8.0pp

5Y CAGR-11.5pp

10Y CAGR-5.3pp

Northwest Bancshares Inc Md's net profit margin was 15.0% in fiscal year 2024, showing the share of revenue converted to profit. This is down 8.0 percentage points from the prior year.

Return on Equity

6.3%

YoY-2.4pp

5Y CAGR-1.9pp

10Y CAGR+0.4pp

Northwest Bancshares Inc Md's ROE was 6.3% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is down 2.4 percentage points from the prior year.

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

$2.3M

YoY-73.0%

5Y CAGR-26.7%

10Y CAGR-13.6%

Northwest Bancshares Inc Md invested $2.3M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 73.0% from the prior year.

NWBI Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	$669.2M+13.8%	$587.9M+31.0%	$448.8M+7.2%	$418.5M-3.6%	$434.1M+4.0%	$417.4M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$12.4M-4.0%	$13.0M-2.7%	$13.3M-3.3%	$13.8M-12.5%	$15.7M+11.3%	$14.1M
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$233.6M+53.5%	$152.2M+441.4%	$28.1M+3.2%	$27.2M-35.6%	$42.3M-25.6%	$56.9M
Income Tax	$29.3M-27.1%	$40.1M+0.2%	$40.0M-14.5%	$46.8M+164.8%	$17.7M-42.4%	$30.7M
Net Income	$100.3M-25.7%	$135.0M+1.0%	$133.7M-13.4%	$154.3M+106.2%	$74.9M-32.2%	$110.4M
EPS (Diluted)	$0.79-25.5%	$1.06+1.0%	$1.05-13.2%	$1.21+95.2%	$0.62-40.4%	$1.04

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Revenue	$194.7M+13.5%	$171.6M-5.0%	$180.6M+5.8%	$170.7M+2.3%	$166.9M+4.1%	$160.2M+1.8%	$157.4M+3.8%	$151.6M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$3.5M+20.1%	$2.9M-2.3%	$3.0M-1.9%	$3.0M-20.5%	$3.8M+38.0%	$2.8M-26.2%	$3.7M+10.3%	$3.4M
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$58.7M+12.6%	$52.1M-1.2%	$52.8M-6.6%	$56.5M-5.8%	$60.0M+5.3%	$57.0M+11.6%	$51.1M+18.2%	$43.2M
Income Tax	$302K-97.1%	$10.4M-20.2%	$13.1M+35.8%	$9.6M+704.9%	$1.2M-86.1%	$8.6M+9.5%	$7.8M-31.7%	$11.5M
Net Income	$3.2M-90.6%	$33.7M-22.5%	$43.5M+32.7%	$32.8M+589.9%	$4.7M-83.7%	$29.2M+0.5%	$29.0M-26.0%	$39.2M
EPS (Diluted)	$0.02-92.3%	$0.26-23.5%	$0.34+30.8%	$0.26+550.0%	$0.04-82.6%	$0.230.0%	$0.23-25.8%	$0.31

NWBI Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$14.4B-0.1%	$14.4B+2.2%	$14.1B-2.7%	$14.5B+5.0%	$13.8B+31.6%	$10.5B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$288.4M+135.9%	$122.3M-12.3%	$139.4M-89.1%	$1.3B+73.7%	$736.3M+1110.1%	$60.8M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$381.0M0.0%	$381.0M0.0%	$381.0M0.0%	$381.0M-0.3%	$382.3M+10.5%	$346.1M
Total Liabilities	$12.8B-0.4%	$12.9B+1.9%	$12.6B-2.3%	$12.9B+5.3%	$12.3B+34.2%	$9.1B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$1.6B+2.9%	$1.6B+4.0%	$1.5B-5.8%	$1.6B+2.9%	$1.5B+13.7%	$1.4B
Retained Earnings	$673.1M-0.2%	$674.7M+5.1%	$641.7M+5.3%	$609.5M+9.7%	$555.5M-4.8%	$583.4M

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Total Assets	$16.4B+13.1%	$14.5B+0.2%	$14.5B+0.3%	$14.4B+0.2%	$14.4B-0.9%	$14.5B+0.6%	$14.4B+0.4%	$14.4B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$278.8M+4.4%	$267.1M-24.4%	$353.2M+22.5%	$288.4M+26.2%	$228.4M+91.4%	$119.3M-2.4%	$122.3M-24.5%	$162.0M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$438.4M+15.1%	$381.0M0.0%	$381.0M0.0%	$381.0M0.0%	$381.0M0.0%	$381.0M0.0%	$381.0M0.0%	$381.0M
Total Liabilities	$14.5B+13.1%	$12.8B+0.1%	$12.8B+0.1%	$12.8B-0.1%	$12.8B-1.0%	$13.0B+0.7%	$12.9B0.0%	$12.9B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$1.9B+13.0%	$1.6B+0.8%	$1.6B+2.0%	$1.6B+2.6%	$1.6B+0.3%	$1.6B+0.1%	$1.6B+3.5%	$1.5B
Retained Earnings	$672.8M-3.7%	$699.0M+1.2%	$691.1M+2.7%	$673.1M+2.3%	$657.7M-3.1%	$678.4M+0.6%	$674.7M+0.5%	$671.1M

NWBI Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	$127.7M+37.4%	$92.9M-47.1%	$175.4M-14.6%	$205.5M+46.3%	$140.4M+10.2%	$127.5M
Capital Expenditures	$2.3M-73.0%	$8.6M+98.2%	$4.3M-75.3%	$17.5M+42.9%	$12.3M+12.4%	$10.9M
Free Cash Flow	$125.4M+48.7%	$84.3M-50.7%	$171.1M-9.0%	$187.9M+46.6%	$128.2M+10.0%	$116.6M
Investing Cash Flow	$175.0M+173.0%	-$239.7M+73.9%	-$917.4M-293.8%	-$233.0M+58.4%	-$560.6M-86.5%	-$300.6M
Financing Cash Flow	-$136.5M-205.3%	$129.7M+132.6%	-$397.9M-169.7%	$570.5M-47.9%	$1.1B+563.2%	$165.2M
Dividends Paid	$101.9M+0.2%	$101.7M+0.2%	$101.5M+1.2%	$100.3M+7.7%	$93.1M+22.3%	$76.2M
Share Buybacks	N/A	$0	$0-100.0%	$23.9M+157.2%	$9.3M	$0

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Operating Cash Flow	$41.9M+1902.5%	-$2.3M-102.2%	$107.6M+239.8%	-$77.0M-289.3%	$40.7M-42.5%	$70.7M+56.6%	$45.2M+998.5%	-$5.0M
Capital Expenditures	$3.6M+0.5%	$3.6M+99.2%	$1.8M+685.3%	$232K+106.7%	-$3.5M-163.7%	$5.5M	N/A	N/A
Free Cash Flow	$38.3M+743.0%	-$6.0M-105.6%	$105.8M+237.0%	-$77.2M-307.7%	$37.2M-43.0%	$65.2M	N/A	N/A
Investing Cash Flow	$371.2M+512.3%	-$90.0M-96.0%	-$45.9M-160.5%	$75.9M-67.2%	$231.2M+261.1%	-$143.6M-133.8%	-$61.4M-1003.0%	-$5.6M
Financing Cash Flow	-$401.4M-6555.2%	$6.2M+97.5%	$3.1M-95.0%	$62.6M+138.4%	-$162.8M-332.7%	$69.9M+398.0%	-$23.5M-152.2%	$45.0M
Dividends Paid	$29.4M+14.3%	$25.7M+0.7%	$25.5M+0.1%	$25.5M+0.1%	$25.5M+0.2%	$25.4M0.0%	$25.4M0.0%	$25.4M
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

NWBI Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	15.0%-8.0pp	22.9%-6.8pp	29.8%-7.1pp	36.9%+19.6pp	17.2%-9.2pp	26.5%
Return on Equity	6.3%-2.4pp	8.7%-0.3pp	9.0%-0.8pp	9.8%+4.9pp	4.9%-3.3pp	8.2%
Return on Assets	0.7%-0.2pp	0.9%0.0pp	0.9%-0.1pp	1.1%+0.5pp	0.5%-0.5pp	1.1%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	8.02-0.3	8.29-0.2	8.46+0.3	8.16+0.2	7.97+1.2	6.75
FCF Margin	18.7%+4.4pp	14.3%-23.8pp	38.1%-6.8pp	44.9%+15.4pp	29.5%+1.6pp	27.9%

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	1.6%-18.0pp	19.6%-4.4pp	24.1%+4.9pp	19.2%+16.3pp	2.9%-15.3pp	18.2%-0.2pp	18.4%-7.4pp	25.9%
Return on Equity	0.2%-1.9pp	2.1%-0.6pp	2.7%+0.6pp	2.1%+1.8pp	0.3%-1.6pp	1.9%0.0pp	1.9%-0.8pp	2.6%
Return on Assets	0.0%-0.2pp	0.2%-0.1pp	0.3%+0.1pp	0.2%+0.2pp	0.0%-0.2pp	0.2%0.0pp	0.2%-0.1pp	0.3%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	7.830.0	7.82-0.1	7.87-0.1	8.02-0.2	8.24-0.1	8.35+0.1	8.29-0.3	8.58
FCF Margin	19.7%+23.1pp	-3.5%-62.0pp	58.6%+103.8pp	-45.2%-67.5pp	22.3%-18.4pp	40.7%	N/A	N/A

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Frequently Asked Questions

What is Northwest Bancshares Inc Md's annual revenue?

Northwest Bancshares Inc Md (NWBI) reported $669.2M in total revenue for fiscal year 2024. This represents a 13.8% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Northwest Bancshares Inc Md's revenue growing?

Northwest Bancshares Inc Md (NWBI) revenue grew by 13.8% year-over-year, from $587.9M to $669.2M in fiscal year 2024.

Is Northwest Bancshares Inc Md profitable?

Yes, Northwest Bancshares Inc Md (NWBI) reported a net income of $100.3M in fiscal year 2024, with a net profit margin of 15.0%.

What is Northwest Bancshares Inc Md's earnings per share (EPS)?

Northwest Bancshares Inc Md (NWBI) reported diluted earnings per share of $0.79 for fiscal year 2024. This represents a -25.5% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

What is Northwest Bancshares Inc Md's net profit margin?

Northwest Bancshares Inc Md (NWBI) had a net profit margin of 15.0% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

Does Northwest Bancshares Inc Md pay dividends?

Yes, Northwest Bancshares Inc Md (NWBI) paid $0.80 per share in dividends during fiscal year 2024.

What is Northwest Bancshares Inc Md's return on equity (ROE)?

Northwest Bancshares Inc Md (NWBI) has a return on equity of 6.3% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.

What is Northwest Bancshares Inc Md's free cash flow?

Northwest Bancshares Inc Md (NWBI) generated $125.4M in free cash flow during fiscal year 2024. This represents a 48.7% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Northwest Bancshares Inc Md's operating cash flow?

Northwest Bancshares Inc Md (NWBI) generated $127.7M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Northwest Bancshares Inc Md's total assets?

Northwest Bancshares Inc Md (NWBI) had $14.4B in total assets as of fiscal year 2024, including both current and long-term assets.

What are Northwest Bancshares Inc Md's capital expenditures?

Northwest Bancshares Inc Md (NWBI) invested $2.3M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

How many shares does Northwest Bancshares Inc Md have outstanding?

Northwest Bancshares Inc Md (NWBI) had 128M shares outstanding as of fiscal year 2024.

What is Northwest Bancshares Inc Md's debt-to-equity ratio?

Northwest Bancshares Inc Md (NWBI) had a debt-to-equity ratio of 8.02 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Northwest Bancshares Inc Md's return on assets (ROA)?

Northwest Bancshares Inc Md (NWBI) had a return on assets of 0.7% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is Northwest Bancshares Inc Md's Piotroski F-Score?

Northwest Bancshares Inc Md (NWBI) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Northwest Bancshares Inc Md's earnings high quality?

Northwest Bancshares Inc Md (NWBI) has an earnings quality ratio of 1.27x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is Northwest Bancshares Inc Md?

Northwest Bancshares Inc Md (NWBI) scores 47 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.