Compared to Estimates, Northwest Bancshares (NWBI) Q2 Earnings: A Look at Key Metrics
While the top- and bottom-line numbers for Northwest Bancshares (NWBI) give a sense of how the business performed in the quarter ended June 2026, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Northwest Bancshares (NWBI) reported $182 million in revenue for the quarter ended June 2026, representing a year-over-year increase of 21%. EPS of $0.37 for the same period compares to $0.30 a year ago.
The reported revenue represents a surprise of +1.94% over the Zacks Consensus Estimate of $178.55 million. With the consensus EPS estimate being $0.33, the EPS surprise was +12.12%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Northwest Bancshares performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Net interest margin: 3.8% compared to the 3.7% average estimate based on three analysts.
- Average Balance - Total interest-earning assets: $15.8 billion compared to the $15.86 billion average estimate based on three analysts.
- Efficiency Ratio: 57.6% compared to the 59.1% average estimate based on three analysts.
- Nonperforming loans: $91.92 million versus $78.31 million estimated by two analysts on average.
- Net charge-offs to average loans, annualized: 0.2% versus 0.2% estimated by two analysts on average.
- Total noninterest income/(loss): $34.23 million compared to the $32.31 million average estimate based on three analysts.
- Net Interest Income: $146.94 million versus $145.92 million estimated by two analysts on average.
- Trust and other financial services income: $9.45 million compared to the $8.83 million average estimate based on two analysts.
- Net Interest Income (FTE): $147.77 million compared to the $146.31 million average estimate based on two analysts.
- Service charges and fees: $16.91 million versus $17.65 million estimated by two analysts on average.
- Other operating income: $3.55 million versus the two-analyst average estimate of $3 million.
- Mortgage banking income: $0.74 million versus the two-analyst average estimate of $0.67 million.
View all Key Company Metrics for Northwest Bancshares here>>>
Shares of Northwest Bancshares have returned +1.7% over the past month versus the Zacks S&P 500 composite's +0.8% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Northwest Bancshares, Inc. (NWBI): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).