Q2 2026 Northwest Bancshares Inc Earnings Call Transcript
Key Points
- Record net income of $54 million in Q2 2026, with 59% year-over-year growth.
- Fourth consecutive quarter of net interest margin improvement, reaching 3.75%.
- Strong C&I loan growth of $148 million in average balances, up 32% year-over-year.
- Fourth consecutive quarter of lower deposit costs, declining 5 basis points to 1.43%.
- Achieved static tangible book value earn-back from Penns Woods acquisition within one year, ahead of expectations.
- Classified loans increased due to migration of acquired loans and downgrades in the healthcare portfolio.
- Commercial real estate loan runoff continues to offset production, keeping balances flat.
- Expenses expected to rise in the second half due to investments in new branches and talent.
- Net charge-offs projected to increase from current low levels to the low-to-middle of the guidance range.
- Tax rate drifting up to 24% due to stronger earnings, reducing net income growth.
Thank you for standing by. My name is Carla, and I will be your conference operator today. At this time, I would like to welcome everyone to the Northwest Bancshares, Inc., Q2 2026 earnings call. (Operator Instructions)
I'd now like to turn the conference over to Michael Perry, Northwest Managing Director of Corporate Development and Strategy and Investor Relations. You may begin.
Good morning, everyone, and thank you, operator. Welcome to Northwest Bancshares' second quarter 2026 earnings call.
Joining me today are Lou Torchio, President and CEO of Northwest Bancshares; Doug Schosser, our Chief Financial Officer; and T.K. Creal, our Chief Credit Officer.
During this call, we will refer to information included in the supplemental second-quarter 2026 earnings presentation, which is available on our Investor Relations website. If you'd like to read our forward-looking and other related disclosures, you can find them
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