Northwest Bancshares' Q1 adjusted EPS beats estimates on loan growth

Northwest Bancshares

27/04/2026 21:15

Overview

U.S. regional bank's Q1 adjusted EPS beat analysts' expectations

Net income and net interest income rose yr/yr, driven by loan growth and lower expenses

Company authorized new $50 mln share repurchase program over next 24 months

Outlook

Company says new financial centers in Columbus are on track to open this yr

Northwest Bancshares expects continued investment in talent, technology and expansion

Company notes increased uncertainty in the economic outlook impacting credit loss provisions

Result Drivers

LOAN GROWTH - 28% yr/yr growth in commercial and industrial loans, driven by Penns Woods acquisition and internal growth

EXPENSE MANAGEMENT - Adjusted noninterest expense declined from prior quarter, aided by lower personnel and merger-related costs

NET INTEREST MARGIN - Net interest margin expanded to 3.70%, supported by higher average earning assets and loan mix shift toward higher-yielding commercial loans

Company press release: ID:nPnbwQrBSa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Adjusted EPS
Beat
$0.35
$0.30 (8 Analysts)
Q1 Net Interest Income
$142.48 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 7 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the banks peer group is "buy"

Wall Street's median 12-month price target for Northwest Bancshares Inc is $14.00, about 5.4% above its April 24 closing price of $13.28

The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 9 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)