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Northwest Bancshares

NWBI on Nasdaq. Northwest Bancshares sells banking services to people and businesses. Market value $2.2bn.

Watch this stockFree. We tell you when something changes.

Price checks use the past 12 months to June 2026. Some use the latest annual report instead, as marked. Quality checks use five annual reports, the latest for the year to December 2025.

We can't read total debt from the filing, so debt is left out.

Should I look at this?

Worth a closer look

Why it could be worth it

What to watch out for

Nothing stood out in the numbers we check.

Read what could go wrong

This is not advice. Check the numbers below.

Compare with another stock

Return on equity
five annual reports to December 2025
8.7%five-year median

Yearly profit per dollar of owners' money: 9 cents. Above 10 is good.

Price to book
quarterly report to June 2026
1.1×

What you pay for each dollar of net assets: $1.13.

Earnings yield
past 12 months to June 2026
7.0%

Profit per $100 you pay: $7.00.

Quality score: 72 of 100. Price score: 90 of 100. Our list needs 70 on quality and 60 on price.

$14.93 a share, 33% above its 1-year low

Over the past year the price has ranged from $11.25 to $16.16.

Dividend: 5.0% a year

Paid every year for at least 5 years

Prices from Tuesday’s close (6 October).

Five years of cash, in billions

n/a
n/a
n/a
n/a
n/a
20212022202320242025
Revenue
n/an/an/an/an/a
Operating margin
n/an/an/an/an/a
Debt to equity
n/an/an/an/an/a
Shares outstanding
0.13bn0.13bn0.13bn0.15bn0.15bn

Health checks

  • Free cash flow positiveDoesn't apply to banks and insurers
  • Accounting checksDoesn't apply to banks and insurers
  • DebtDoesn't apply to banks and insurers
  • Revenue growth, five yearsUnknown
  • Buying back its own sharesNo, 15% more shares since 2021

The quarter to June 2026

How the business did, compared with the same quarter a year earlier.

  • Profit: $54 million, up 59% on a year ago.
  • Spare cash over the past 12 months: $138 million, up from $116 million.
Profit by quarter
Profit by quarter
Quarter toAmount
September 2024$34m
December 2024$33m
March 2025$43m
June 2025$34m
September 2025$3m
December 2025$46m
March 2026$51m
June 2026$54m

From the company's quarterly reports to the SEC.

Dates

Next results (estimated)
n/a
Last annual report (10-K)
25 February 2026
Next quarterly (estimated, 10-Q)
4 November 2026

Who owns it

2 long-term investors we follow own it, up from 1 last quarter. 314 funds in all.

Jun '25
Dec '25
Jun '26
Largest holders overall

From 13F filings for the quarter ended 30 June 2026.

Big holders and activists

3 investors own more than 5%.

From Schedule 13D and 13G filings: anyone owning more than 5% must file one.

What insiders did

In the last 12 months, 11 insiders bought $552,356 of shares on the open market. 2 sold $228,204.

  • Kranich Charles E.
    Director
    Bought
    Date
    20 August 2026
    Shares
    1,635
    Price
    $15.28
    Value
    $24,975
  • Colestro James M
    Chief Retail Lending Officer
    Sold
    Date
    30 July 2026
    Shares
    13,274
    Price
    $15.77
    Value
    $209,331
  • Hunter Timothy M
    Director
    Bought
    Date
    27 May 2026
    Shares
    10,000
    Price
    $13.97
    Value
    $139,700
  • Bowers Urich T
    Chief Cons. Banking /Strat Off
    Bought
    Date
    1 May 2026
    Shares
    7,000
    Price
    $13.98
    Value
    $97,860
  • Schosser Douglas M
    Chief Financial Officer
    Bought
    Date
    1 May 2026
    Shares
    1,500
    Price
    $13.92
    Value
    $20,880
  • Barnum Carey A.
    Chief Auditor
    Sold
    Date
    30 April 2026
    Shares
    1,351
    Price
    $13.97
    Value
    $18,873
  • Betchkal Gregory J.
    Chief Risk Officer
    Bought
    Date
    30 April 2026
    Shares
    5,000
    Price
    $13.93
    Value
    $69,650
  • Torchio Louis J
    President & CEO, Director
    Bought
    Date
    6 March 2026
    Shares
    3,500
    Price
    $12.16
    Value
    $42,560
  • CAMPANA ROBERT M
    Director
    Bought
    Date
    29 January 2026
    Shares
    2,000
    Price
    $12.62
    Value
    $25,240
  • Tullio David M
    Director
    Bought
    Date
    8 December 2025
    Shares
    1,500
    Price
    $12.27
    Value
    $18,405

From Form 4 filings: insiders must report trades in their own company's shares within two days.

Warning signs in its filings

Problems the company itself reported to the SEC, in its own words.

None of the warning signs we check for were found.

We look for five warning signs: doubt it can keep going, weak checks on its own accounts, a notice that its past accounts can't be relied on, a change of auditor, and one customer bringing in a big share of sales. We don't check lawsuits, investigations or debt yet.

We checked the auditor's report, internal controls, restatement notices, auditor changes and big customers in the 10-K filed 25 Feb 2026, plus the 10-Q filed 5 Aug 2026 and 5 later 8-Ks.

A 10-K is the yearly report every US company files with the SEC. An 8-K is a short notice of a big event.

What could go wrong

Cheap for a reason is the question the numbers cannot answer.

Whether the price already reflects the risks is what the deep dive is for.

The deep dive

Everything above is arithmetic on public filings. The deep dive reads the last ten years of annual reports, the proxy statements, and the earnings calls, then argues the case the way Buffett, Klarman, and Hohn would, and checks every claim against the source.

  • What the business is worth, as a range, and the margin of safety at today’s price
  • Prices to start buying, buy, and buy hard
  • The three things that would make this a mistake
  • Every number footnoted to the filing it came from
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What a finished deep dive looks like

Not advice. Numbers on this page come from SEC filings and are updated each night; prices are updated again after the US market closes. The five-year figures are rounded.