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Warren, Pennsylvania-based thrift offering retail and commercial banking across Pennsylvania, New York, Ohio and Indiana.
Warren, Pennsylvania-based thrift offering retail and commercial banking across Pennsylvania, New York, Ohio and Indiana.
Earns mostly from interest on mortgages and consumer loans, increasingly business loans, funded by deposits at a retail branch network, with fee income from insurance, wealth management and deposit service charges. It has moved from a thrift model toward commercial banking, and grew through acquisitions in Pennsylvania and neighbouring states.
Moat: narrow (scale, distribution). Broad multi-state branch network built through decades of thrift consolidation.
Headquarters: Warren, Pennsylvania, US · Founded: 1896 · Employees: 2,169
Size Northwest Bancshares (NWBI) is a United States Financials company (Savings Banks) with a market value of $2.23B, the 1721st largest of 3,117 United States companies the cockpit tracks. Shares closed at $15.24 on 6 Nov 2026.
Performance Over six months the shares gained 9.7%, against +6.0% for the median peer and -1.1% for the United States market (cap-weighted) — 7th highest of 19 in its peer set.
Growth Revenue grew 13.2% over the last twelve months (peer median +4.9%); the operating margin is 37.1% (peer median 44.3%).
Valuation It trades at 1.18× book value against a peer median of 1.08× (8th most expensive of 19).
Price implies The share price implies a return on equity of about 9.3%; Northwest Bancshares delivers 10.7%, so the price asks less than the business earns today.
Short interest Short interest is 6.0% of the free float (15 Oct 2026).
Next results Next results expected around 25 Jan 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $961M | $879M | $756M | $702M | $558M |
| Revenue growth | — | +16% | +8% | +26% | — |
| Net income | $200M | $126M | $100M | $135M | $133M |
| Free cash flow | n/a | $144M | $187M | $79.3M | $150M |
| Capital expenditure | n/a | $11.6M | $2.31M | $8.56M | $4.32M |
| Total debt | $917M | $742M | $495M | $707M | $982M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| Northwest Bancshares NWBI | $2.23B | +10% | +13% | 11% | 1.18× | 9.3% |
| First Commonwealth Financial FCF | $2.03B | +13% | +4% | 11% | 1.37× | 10.4% |
| S&T Bancorp STBA | $1.79B | +14% | +2% | 10% | 1.27× | 10.8% |
| WesBanco WSBC | $3.70B | +13% | +17% | 9% | 0.96× | 8.2% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | NWBI | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +2.6% | +2.2% | 10th highest of 20 |
| 6-month return | +9.7% | +6.0% | 7th highest of 19 |
| Return on equity | 10.7% | 10.5% | 10th highest of 19 |
| Price / book | 1.18× | 1.08× | 8th most expensive of 19 |
| Trailing P/E | 11.2× | 12.3× | 8th cheapest of 19 |
| ROE the price implies | 9.3% | 8.2% | 8th most demanding of 19 |
| ROE delivered | 10.7% | 10.5% | 10th highest of 19 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Northwest Bancshares NWBI | United States | $2.23B | +10% | +13% | 11% | 1.18× | 9.3% | 10.7% |
| Shawbrook SHAW.L | United Kingdom | $1.96B | -12% | +5% | 12% | 0.79× | 8.0% | 12.2% |
| OceanFirst Financial OCFC | United States | $1.82B | -4% | +31% | 2% | 0.75× | 8.1% | 2.3% |
| Provident Financial Services PFS | United States | $2.99B | +2% | +4% | 11% | 1.05× | 9.2% | 11.0% |
| Columbia Financial CLBK | United States | $2.99B | +25% | +23% | 2% | 0.95× | 6.2% | 2.3% |
| Sparebank 1 Ostlandet SPOL.OL | Norway | $3.01B | +9% | -2% | 9% | 1.09× | 7.1% | 9.1% |
| SpareBank 1 SMN MING.OL | Norway | $3.38B | +16% | -6% | 9% | 1.08× | 7.0% | 8.8% |
| Triumph Financial TFIN | United States | $1.46B | -8% | +13% | 5% | 1.57× | 17.5% | 5.3% |
| American Savings Bank N.A ASBH | United States | $1.30B | n/a | n/a | n/a | n/a | n/a | n/a |
| WSFS Financial WSFS | United States | $3.99B | +10% | +2% | 12% | 1.53× | 12.4% | 12.4% |
| TFS Financial TFSL | United States | $4.61B | +9% | +6% | 5% | 2.72× | 18.1% | 5.1% |
| Capitol Federal Financial CFFN | United States | $1.06B | +7% | +6% | 8% | 1.04× | 8.4% | 8.4% |
| TrustCo Bank Corp NY TRST | United States | $947M | +17% | +6% | 10% | 1.50× | 10.7% | 10.0% |
| Southern Missouri Bancorp SMBC | United States | $775M | +2% | +3% | 13% | 1.29× | 10.5% | 12.9% |
| Hingham Institution for Savings HIFS | United States | $647M | +5% | +3% | 13% | 1.26× | 10.6% | 12.6% |
| Third Coast Bancshares TCBX | United States | $646M | +1% | +18% | 13% | 0.96× | 7.9% | 12.7% |
| Greene County Bancorp GCBC | United States | $615M | +51% | +8% | 17% | 2.15× | 12.5% | 16.7% |
| SpareBank 1 Ostfold Akershus SOAG.OL | Norway | $609M | -4% | +2% | 12% | 1.14× | 6.2% | 12.1% |
| Sparebanken More MORG.OL | Norway | $604M | -2% | -15% | 12% | 0.65× | 4.9% | 11.6% |
| Kearny Financial KRNY | United States | $585M | +10% | +1% | 5% | 0.77× | 6.8% | 4.9% |