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    Northwest Bancshares (NWBI)

    Market Price (9/22/2026): $15.295 | Market Cap: $2.2 BilSector: Financials | Industry: Regional Banks

    Northwest Bancshares (NWBI)

    Market Price (9/22/2026): $15.295
    Market Cap: $2.2 Bil
    Sector: Financials
    Industry: Regional Banks

    Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

    0

    Attractive yield
    Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 12%, Dividend Yield is 5.3%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 8.0%, FCF Yield is 6.1%

    Cash is significant % of market cap
    Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -55%

    Attractive cash flow generation
    CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 22%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 20%

    Low stock price volatility
    Vol 12M is 22%

    Capital ratio is >2x the minimum of 6%
    Tier 1 Capital / Risk Wtd Assets RatioTier 1 Capital / Risk-Weighted Assets is a common measure of financial strength for a bank. It reflects how much equity there is relative to assets where assets are weighted based on riskiness. Low ratios indicate the bank is highly vulnerable to even small changes in the value of their risk assets. is 13%

    Uninsured deposits are low
    Uninsured Deposits Ratio %Fraction of deposits that exceed the insurance deposit thresholds. For example, the FDIC protects deposits up to $250K. A high uninsured deposits ratio indicates large accounts and greater potential exposure to bank run risk. is 26%

    Megatrend and thematic drivers
    Megatrends include Fintech & Digital Payments. Themes include Online Banking & Lending, Digital Payments, and Wealth Management Technology.

    Trading close to highs
    Dist 52W High is -3.2%, Dist 3Y High is -3.2%

    Weak multi-year price returns
    2Y Excs Rtn is -8.7%, 3Y Excs Rtn is -2.3%

    Meaningful short interest
    Short Interest Days-to-CoverDTC = (Short Interest Share Quantity) / (Average Daily Trading Volume). Reflects how many days it would take to cover (close out) the short interest based on average volumes. High DTC can signify an increased risk of a short squeeze. is 10.27

    Key risks
    NWBI key risks include [1] the significant risk of loss concentrated within its commercial loan portfolio.

    0 Attractive yield
    Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 12%, Dividend Yield is 5.3%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 8.0%, FCF Yield is 6.1%
    1 Cash is significant % of market cap
    Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -55%
    2 Attractive cash flow generation
    CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 22%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 20%
    3 Low stock price volatility
    Vol 12M is 22%
    4 Capital ratio is >2x the minimum of 6%
    Tier 1 Capital / Risk Wtd Assets RatioTier 1 Capital / Risk-Weighted Assets is a common measure of financial strength for a bank. It reflects how much equity there is relative to assets where assets are weighted based on riskiness. Low ratios indicate the bank is highly vulnerable to even small changes in the value of their risk assets. is 13%
    5 Uninsured deposits are low
    Uninsured Deposits Ratio %Fraction of deposits that exceed the insurance deposit thresholds. For example, the FDIC protects deposits up to $250K. A high uninsured deposits ratio indicates large accounts and greater potential exposure to bank run risk. is 26%
    6 Megatrend and thematic drivers
    Megatrends include Fintech & Digital Payments. Themes include Online Banking & Lending, Digital Payments, and Wealth Management Technology.
    7 Trading close to highs
    Dist 52W High is -3.2%, Dist 3Y High is -3.2%
    8 Weak multi-year price returns
    2Y Excs Rtn is -8.7%, 3Y Excs Rtn is -2.3%
    9 Meaningful short interest
    Short Interest Days-to-CoverDTC = (Short Interest Share Quantity) / (Average Daily Trading Volume). Reflects how many days it would take to cover (close out) the short interest based on average volumes. High DTC can signify an increased risk of a short squeeze. is 10.27
    10 Key risks
    NWBI key risks include [1] the significant risk of loss concentrated within its commercial loan portfolio.

    NWBI in ETFs

    Weight = NWBI's share of each fund

    VTI0.00%
    ITOT0.00%
    IWM0.08%
    IJR0.13%
    VYM0.01%
    VB0.03%
    KRE0.56%
    IJS0.26%
    +13 more covered ETFs

    Valuation & Metrics

    FYE: 12/31NWBI [1]S&P 500 [2]
    REVENUE GROWTH
    LTM Revenue [3]$701.2 Mil—
    FY 2026 Sales$726.6 Mil—
    FY 2027 Sales$760.6 Mil—
    FY 2026 Sales Growth3.6%—
    FY 2027 Sales Growth4.7%12.8%
    EARNINGS
    LTM Net Income (GAAP) [3]$153.0 Mil—
    FY 2026 Net Income (Non-GAAP)$207.2 Mil—
    FY 2027 Net Income (Non-GAAP)$213.1 Mil—
    FY 2027 Net Income Growth2.9%18.0%
    FY 2026 EPS (Non-GAAP)$1.41—
    FY 2027 EPS (Non-GAAP)$1.45—
    FY 2027 EPS Growth2.9%—
    VALUATION
    FY 2026 P/S3.11.6
    FY 2027 P/S2.9—
    FY 2026 P/E10.87.5
    FY 2027 P/E10.5—

    [1] NWBI forward figures are analyst consensus for the next two fiscal years (fiscal year end 12/31). Net Income and EPS are non-GAAP (adjusted) consensus. P/S and P/E divide the current market cap by the consensus figure.
    [2] S&P 500 figures are the SPY ETF's holdings-weighted forward aggregate. P/S and P/E reflect FY1/FY2 consensus blended to the 12-month window ending 9/30/27 (~one year forward), shown when ≥90% of index weight has estimates. Growth is the aggregate next-fiscal-year vs current-fiscal-year (FY1→FY2) change. Index-level dollar Sales, Net Income and EPS are not applicable.
    [3] LTM = reported trailing-twelve-month actuals (GAAP).
    NWBIS&P 500
    REVENUE GROWTHGOOD
    Rev LTM ($ Bil)0.7
    Rev Chg Q20.7%9.3%
    Rev Chg LTM17.4%8.3%
    Rev Chg 3Y Avg8.8%5.8%
    PROFITABILITYGOOD
    Op Inc LTM ($ Bil)�
    CFO LTM ($ Bil)0.2
    Net Inc LTM ($ Bil)0.2
    CFO/Rev LTM21.9%21.8%
    Net Inc Mgn21.8%13.1%
    VALUATIONLOW
    P/S3.23.1
    P/CFO14.614.7
    P/FCF16.319.3
    P/E14.622.6

    AI Analysis | Feedback

    MetricValueDateSource
    Number of Full-Service Financial Centers1519302025Link
    Number of Drive-Up Locations109302025Link
    Efficiency Ratio79.4%9302025Link
    Net Interest Margin3.7%9302025Link
    Nonperforming Assets to Total Assets0.52%3312025Link
    Commercial C&I Lending Growth (Year-over-Year)19%6302025Link
    Assets Acquired from Penns Woods Bancorp2.2 billion7252025Link
    Loans Acquired from Penns Woods Bancorp1.8 billion7252025Link
    Number of Employees203012312023Link

    Price Chart

    Upcoming
    10/26/2026Earnings ReleaseRev: $183 Mil (E)
    EPS: $0.35 (E)

    Why The Stock Moved

    Qualitative Assessment

    AI Analysis | Feedback

    Updated on 9/1/2026

    Northwest Bancshares (NWBI) stock has gained about 10% since 5/31/2026 because of the following key factors:

    1. Northwest Bancshares reported strong second quarter (Q2 2026) earnings that significantly beat analyst expectations. The company announced record Q2 2026 net income of $54.0 million, marking a 59% year-over-year growth. Diluted GAAP EPS was $0.36, with an adjusted EPS of $0.37, surpassing the consensus estimate of $0.34 by $0.03. Furthermore, total revenue reached $181.2 million, beating FactSet's estimate of $179.2 million.

    2. The company demonstrated improved financial metrics and a positive operational outlook. Northwest Bancshares' net interest margin (NIM) increased to 3.75% in Q2 2026, a 5 basis point quarter-over-quarter improvement driven by higher securities yields and lower funding costs, with deposit costs declining by 5 basis points. The adjusted efficiency ratio improved by 158 basis points quarter-over-quarter to 56.2%, and pretax pre-provision net revenue grew by 8% quarter-over-quarter and 31% year-over-year. Period-end loans expanded by $174 million to $13.2 billion, with average commercial and industrial (C&I) loans growing by $148 million, or 5.6%, quarter-over-quarter. Management also provided guidance for a full-year NIM in the 3.73%-3.75% range. The successful integration of the Penns Woods acquisition, with cost savings exceeding expectations and full run-rate efficiencies anticipated by mid-2026, further contributed to the positive sentiment around expense ratios and net margins.

    Show more
    Updated on 9/1/2026

    Northwest Bancshares (NWBI) stock has gained about 10% since 5/31/2026 because of the following key factors:

    1. Northwest Bancshares reported strong second quarter (Q2 2026) earnings that significantly beat analyst expectations. The company announced record Q2 2026 net income of $54.0 million, marking a 59% year-over-year growth. Diluted GAAP EPS was $0.36, with an adjusted EPS of $0.37, surpassing the consensus estimate of $0.34 by $0.03. Furthermore, total revenue reached $181.2 million, beating FactSet's estimate of $179.2 million.

    2. The company demonstrated improved financial metrics and a positive operational outlook. Northwest Bancshares' net interest margin (NIM) increased to 3.75% in Q2 2026, a 5 basis point quarter-over-quarter improvement driven by higher securities yields and lower funding costs, with deposit costs declining by 5 basis points. The adjusted efficiency ratio improved by 158 basis points quarter-over-quarter to 56.2%, and pretax pre-provision net revenue grew by 8% quarter-over-quarter and 31% year-over-year. Period-end loans expanded by $174 million to $13.2 billion, with average commercial and industrial (C&I) loans growing by $148 million, or 5.6%, quarter-over-quarter. Management also provided guidance for a full-year NIM in the 3.73%-3.75% range. The successful integration of the Penns Woods acquisition, with cost savings exceeding expectations and full run-rate efficiencies anticipated by mid-2026, further contributed to the positive sentiment around expense ratios and net margins.

    3. Northwest Bancshares announced the redemption of its 4.000% subordinated notes. On August 17, 2026, the company declared its intention to redeem all outstanding 4.000% Fixed-to-Floating Rate Subordinated Notes due September 15, 2030, on September 15, 2026. This strategic move to retire higher-cost debt is expected to optimize the company's capital structure and enhance its financial profile.

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    Stock Movement Drivers

    Fundamental Drivers

    The 9.5% change in NWBI stock from 5/31/2026 to 9/21/2026 was primarily driven by a 9.9% change in the company's Net Income Margin (%).
    (LTM values as of)53120269212026Change
    Stock Price ($)13.9715.309.5%
    Change Contribution By: 
    Total Revenues ($ Mil)6707014.6%
    Net Income Margin (%)19.9%21.8%9.9%
    P/E Multiple15.314.6-4.6%
    Shares Outstanding (Mil)146146-0.2%
    Cumulative Contribution9.5%

    LTM = Last Twelve Months as of date shown

    Market Drivers

    5/31/2026 to 9/21/2026
    ReturnCorrelation
    NWBI9.5% 
    Market (SPY)2.5%3.3%
    Sector (XLF)8.8%46.7%

    Fundamental Drivers

    The 26.2% change in NWBI stock from 2/28/2026 to 9/21/2026 was primarily driven by a 12.9% change in the company's Net Income Margin (%).
    (LTM values as of)22820269212026Change
    Stock Price ($)12.1215.3026.2%
    Change Contribution By: 
    Total Revenues ($ Mil)6527017.6%
    Net Income Margin (%)19.3%21.8%12.9%
    P/E Multiple14.114.64.1%
    Shares Outstanding (Mil)146146-0.1%
    Cumulative Contribution26.2%

    LTM = Last Twelve Months as of date shown

    Market Drivers

    2/28/2026 to 9/21/2026
    ReturnCorrelation
    NWBI26.2% 
    Market (SPY)13.4%15.4%
    Sector (XLF)9.6%44.4%

    Fundamental Drivers

    The 28.3% change in NWBI stock from 8/31/2025 to 9/21/2026 was primarily driven by a 37.9% change in the company's P/E Multiple.
    (LTM values as of)83120259212026Change
    Stock Price ($)11.9315.3028.3%
    Change Contribution By: 
    Total Revenues ($ Mil)59770117.4%
    Net Income Margin (%)24.0%21.8%-9.2%
    P/E Multiple10.614.637.9%
    Shares Outstanding (Mil)128146-12.8%
    Cumulative Contribution28.3%

    LTM = Last Twelve Months as of date shown

    Market Drivers

    8/31/2025 to 9/21/2026
    ReturnCorrelation
    NWBI28.3% 
    Market (SPY)21.2%23.3%
    Sector (XLF)5.1%52.7%

    Fundamental Drivers

    The 68.3% change in NWBI stock from 8/31/2023 to 9/21/2026 was primarily driven by a 76.3% change in the company's P/E Multiple.
    (LTM values as of)83120239212026Change
    Stock Price ($)9.0915.3068.3%
    Change Contribution By: 
    Total Revenues ($ Mil)55870125.8%
    Net Income Margin (%)24.9%21.8%-12.3%
    P/E Multiple8.314.676.3%
    Shares Outstanding (Mil)127146-13.5%
    Cumulative Contribution68.3%

    LTM = Last Twelve Months as of date shown

    Market Drivers

    8/31/2023 to 9/21/2026
    ReturnCorrelation
    NWBI68.3% 
    Market (SPY)78.3%40.5%
    Sector (XLF)70.5%61.8%

    Return vs. Risk

    Price Returns Compared

     202120222023202420252026Total [1]
    Returns
    NWBI Return18%5%-4%13%-3%34%73%
    Peers Return35%-12%-2%16%15%14%78%
    S&P 500 Return27%-19%24%23%16%12%104%

    Monthly Win Rates [3]
    NWBI Win Rate58%42%50%50%58%78% 
    Peers Win Rate63%52%52%57%60%53% 
    S&P 500 Win Rate75%42%67%75%67%44% 

    Max Drawdowns [4]
    NWBI Max Drawdown-17%-17%-30%-17%-19%-9% 
    Peers Max Drawdown-22%-29%-38%-19%-23%-19% 
    S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 

    [1] Cumulative total returns since the beginning of 2021
    [2] Peers: NEWT, ATLO, FITB, MTB, HBAN.
    [3] Win Rate = % of calendar months in which monthly returns were positive
    [4] Max drawdown represents maximum peak-to-trough decline within a year
    [5] 2026 data is for the year up to 9/21/2026 (YTD)

    How Low Can It Go

    EventNWBIS&P 500
    2025 US Tariff Shock
      % Loss-14.6%-18.8%
      % Gain to Breakeven17.1%23.1%
      Time to Breakeven31 days79 days
    Summer-Fall 2023 Five Percent Yield Shock
      % Loss-16.1%-9.5%
      % Gain to Breakeven19.2%10.5%
      Time to Breakeven42 days24 days
    2023 SVB Regional Banking Crisis
      % Loss-26.0%-6.7%
      % Gain to Breakeven35.2%7.1%
      Time to Breakeven432 days31 days
    2022 Inflation Shock & Fed Tightening
      % Loss-12.4%-24.5%
      % Gain to Breakeven14.2%32.4%
      Time to Breakeven41 days427 days
    2020 COVID-19 Crash
      % Loss-38.0%-33.7%
      % Gain to Breakeven61.3%50.9%
      Time to Breakeven323 days140 days
    2011 US Debt Ceiling Crisis & European Contagion
      % Loss-14.6%-17.9%
      % Gain to Breakeven17.1%21.8%
      Time to Breakeven66 days123 days

    Compare to NEWT, ATLO, FITB, MTB, HBAN

    In The Past

    Northwest Bancshares's stock fell -14.6% during the 2025 US Tariff Shock. Such a loss loss requires a 17.1% gain to breakeven.

    Preserve Wealth

    Limiting losses and compounding gains is essential to preserving wealth.

    Asset Allocation

    Actively managed asset allocation strategies protect wealth. Learn more.

    EventNWBIS&P 500
    2023 SVB Regional Banking Crisis
      % Loss-26.0%-6.7%
      % Gain to Breakeven35.2%7.1%
      Time to Breakeven432 days31 days
    2020 COVID-19 Crash
      % Loss-38.0%-33.7%
      % Gain to Breakeven61.3%50.9%
      Time to Breakeven323 days140 days
    2008-2009 Global Financial Crisis
      % Loss-51.2%-53.4%
      % Gain to Breakeven104.8%114.4%
      Time to Breakeven323 days1085 days

    Compare to NEWT, ATLO, FITB, MTB, HBAN

    In The Past

    Northwest Bancshares's stock fell -14.6% during the 2025 US Tariff Shock. Such a loss loss requires a 17.1% gain to breakeven.

    Preserve Wealth

    Limiting losses and compounding gains is essential to preserving wealth.

    Asset Allocation

    Actively managed asset allocation strategies protect wealth. Learn more.

    About Northwest Bancshares (NWBI)

    Northwest Bancshares, Inc. (NWBI) operates as the holding company for Northwest Bank, a state-chartered savings bank that delivers a full range of personal and business banking solutions. The company's primary activities revolve around traditional banking, serving both individuals and businesses within its operational footprint.

    The company's main products and services encompass a variety of deposit accounts, including checking, savings, money market, and individual retirement accounts. On the lending side, Northwest Bank offers diverse loan products such as residential and commercial real estate loans, commercial business loans, and various consumer loans like automobile, unsecured personal, and credit card loans. Furthermore, NWBI provides investment management and trust services.

    As of December 31, 2021, Northwest Bancshares served its customer base through 170 community-banking locations situated across Pennsylvania, Western New York, Eastern Ohio, and Indiana. Founded in 1896 and headquartered in Columbus, Ohio, the company operates as a community-focused financial institution within these specific regional markets.

    AI Analysis | Feedback

    A smaller, regional version of PNC Bank.

    Like Huntington Bank, but focused on community banking in its specific four-state region.

    AI Analysis | Feedback

    • Deposit Accounts: Provides various deposit options including checking, savings, money market, term certificates, and individual retirement accounts.
    • Real Estate Loans: Offers loans for one-to-four-family residential properties, as well as multi-family residential and commercial real estate.
    • Commercial Business Loans: Provides financing solutions for businesses.
    • Consumer Loans: Offers a range of personal loans such as automobile, sales finance, unsecured personal, credit card, and loans secured by deposit accounts.
    • Investment Management and Trust Services: Provides wealth management solutions and fiduciary services.

    AI Analysis | Feedback

    Northwest Bancshares, Inc. (NWBI), operating as Northwest Bank, serves a diverse customer base consisting of both individuals and businesses within its operating regions. As a state-chartered savings bank, it does not sell primarily to other companies in the traditional sense, but rather provides financial services to a broad range of clients. Its major customer categories include:
    • Individual and Retail Customers: This category encompasses individuals who utilize personal banking solutions such as checking, savings, money market, and individual retirement accounts. It also includes individuals seeking consumer loans (e.g., automobile loans, sales finance loans, unsecured personal loans, credit card loans) and one-to-four-family residential real estate loans.
    • Commercial and Business Customers: This category consists of businesses of various sizes that use Northwest Bank for their business banking solutions, commercial business loans, and loans collateralized by multi-family residential and commercial real estate.
    • Investment Management and Trust Clients: This segment includes individuals, families, and potentially some institutional clients who seek investment management and trust services offered by the bank.

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    Louis J. Torchio, President and Chief Executive Officer

    Louis J. Torchio was appointed President and Chief Executive Officer of Northwest Bancshares, Inc. and Northwest Bank in August 2022. He joined Northwest in 2018, initially serving as Senior Executive Vice President, Retail Lending and Business Banking. Mr. Torchio brings over 31 years of experience in the banking industry, having held senior leadership and executive committee positions at several large regional and community banks, including the former Charter One Bank, Bank One, and Mellon Bank. He also previously served as Senior Vice President of Residential and Consumer Lending at Delaware County Bank. At Northwest Bank, he has been instrumental in the transformation and scaling of residential and indirect lending groups, and in expanding business banking and Small Business Administration (SBA) lending divisions.

    Douglas M. Schosser, Chief Financial Officer

    Douglas M. Schosser joined Northwest as Chief Financial Officer in March 2024. Prior to his role at Northwest, Mr. Schosser served as Executive Vice President and Chief Accounting Officer of KeyCorp.

    Gregory J. Betchkal, Executive Vice President and Chief Risk Officer

    Gregory J. Betchkal serves as the Executive Vice President and Chief Risk Officer. His career includes leadership positions in compliance and risk management. Mr. Betchkal held Chief Compliance Officer, Chief Operational Risk Officer, and Chief Enterprise Risk Officer roles at KeyBank in Cleveland. Before that, he served in Compliance leadership at Citigroup in the U.S. and Europe, and as Chief Compliance Officer for various broker/dealers, including ING's Advisor Network.

    Jay M. DesMarteau, Executive Vice President and Chief Commercial Banking Officer

    Jay M. DesMarteau is the Executive Vice President and Chief Commercial Banking Officer for Northwest Bancshares.

    Kyle P. Kane, Executive Vice President and Chief People Officer

    Kyle P. Kane was named Executive Vice President and Chief Human Resources Officer (now Chief People Officer) for Northwest Bank in January 2021, having joined Northwest in 2019. With over 25 years of experience, Mr. Kane has expertise in developing HR strategies for complex global organizations. Previously, he was Vice President of Global Human Resources for Diebold Nixdorf, where he managed strategic HR initiatives, including organizational transformation, cultural change management, and mergers and acquisitions. He also served as Senior Vice President and Head of Human Resources for Global Business Services at Fidelity Investments, overseeing an HR organization that supported over 6,000 employees internationally.

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    The key risks to Northwest Bancshares' business include:

    1. Interest Rate Risk: Northwest Bancshares' profitability is significantly exposed to fluctuations in interest rates. Changes in the interest rate environment, such as the reversal of historically low rates, can adversely affect the company's net interest income and overall profitability, impacting the average life of loans and securities.
    2. Credit Risk, particularly from Commercial Real Estate Lending: The company faces inherent risks associated with its lending activities, especially its increasing commercial loan portfolio. Commercial real estate loans represented a substantial portion of its gross loans as of December 31, 2025 (26%), and this concentration can lead to increased regulatory scrutiny and a higher risk of losses.
    3. Competitive Landscape and Operational Risks (including Cybersecurity): Northwest Bancshares operates in an intensely competitive banking sector, facing challenges from traditional banks, credit unions, and emerging fintech companies, which can impact its ability to attract deposits and originate loans. Concurrently, operational risks, particularly those related to system failures, interruptions, or cybersecurity breaches, pose a significant concern for its operations and reputation, especially with its growing digital footprint.

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    The rise of digital-first financial technology companies (fintechs), including neobanks and specialized online lenders, presents a clear emerging threat. These companies leverage advanced technology, data analytics, and often lower overheads to offer competitive interest rates, superior digital user experiences, and faster loan approvals, directly challenging traditional banks like Northwest Bancshares for customer deposits and various loan products (e.g., mortgages, personal loans). This shift in consumer preference towards digital-only banking and specialized lending platforms can erode Northwest Bancshares' market share, particularly among tech-savvy customers and for segments where digital convenience is prioritized over physical branch access.

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    Northwest Bancshares, Inc. operates across Pennsylvania, Western New York, Eastern Ohio, and Indiana. The addressable markets for its main products and services in these regions are as follows:

    Deposits

    • In Pennsylvania, the total deposits across all banks amounted to $270.92 billion as of December 31, 2024.
    • In Indiana, total deposits reached $209 billion.
    • For the Cleveland Metropolitan Statistical Area (MSA), which is part of Eastern Ohio, total deposits exceeded $128.3 billion in 2025.
    • In New York, the total assets for all banks summed to $2.07 trillion as of June 30, 2025, with deposits in the Buffalo Metro Area (part of Western New York) being over $1.1 billion.

    Loans

    • Residential Real Estate Loans: In Pennsylvania, the average mortgage balance was $175,647 as of the third quarter of 2024. Mortgage balances for New Yorkers totaled just under $601.2 billion as of Q4 2021. Indiana reported $17.2 billion in new home loans booked in 2024.
    • Commercial Real Estate Loans: The Real Estate Loans & Collateralized Debt industry in Pennsylvania had a market size of $11.7 billion in 2026.
    • Commercial Business Loans: Indiana's small business loans totaled $12.3 billion.
    • Consumer Loans (including automobile loans, sales finance loans, unsecured personal loans, credit card loans, and loans secured by deposit accounts): In Pennsylvania, the average resident had approximately $49,500 of debt in 2024. Credit card debt in New York represented 7% of total household debt as of Q4 2021. Auto loan balances among New York City residents were 6% above 2023 levels in the first half of 2024.

    Investment Management and Trust Services

    • The market size for Portfolio Management & Investment Advice in Pennsylvania is projected to be $24.3 billion in 2026.
    • The U.S. Trust and Corporate Services market was estimated at $2.2 billion in 2024.

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    Expected Drivers of Future Revenue Growth for Northwest Bancshares (NWBI)

    Over the next 2-3 years, Northwest Bancshares (NWBI) is expected to drive revenue growth through several key strategic initiatives:

    1. Growth through Strategic Acquisitions and Integration: The successful integration of the Penns Woods Bancorp acquisition, completed in mid-2025, is anticipated to continue contributing to revenue by expanding Northwest Bancshares' geographic reach and diversifying its revenue streams. The full realization of remaining cost synergies from this merger, expected in early 2026, should further enhance operating leverage and efficiency.
    2. Expansion of Commercial Lending and Specialty Finance: Northwest Bancshares is strategically shifting its loan portfolio focus towards higher-yielding commercial loans, including Commercial & Industrial (C&I) loans and Small Business Administration (SBA) lending. This emphasis on commercial banking and specialty finance verticals is a key strategy to optimize profitability and increase market share.
    3. Digital Transformation and Enhanced Digital Banking Services: The company's investment in and launch of a new digital banking platform in September 2024 is a significant driver. This strategic pivot aims to attract and retain customers by providing a unified and user-friendly experience across online and mobile interfaces, thereby enhancing customer access to financial management tools and serving as a crucial sales and marketing channel.
    4. Organic Loan and Deposit Growth: Northwest Bancshares projects continued organic growth in both loans, anticipated in the low-to-mid single digits, and deposits, expected in the low single digits, for 2026. This growth is supported by strategic adjustments to its loan portfolio and the ongoing development of new financial centers.
    5. Optimizing Net Interest Margin (NIM): While not a direct expansion of products or customers, the effective management and modest improvement of the net interest margin are expected to significantly contribute to revenue and overall profitability. Lending operations represent Northwest Bancshares' largest source of revenue, and the NIM improved in Q4 2025, with projections for it to remain in the low 3.70s for 2026, potentially improving further later in the year as funding costs decrease.

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    Capital Allocation Decisions (2021-2025) for Northwest Bancshares (NWBI)

    Share Repurchases

    • In 2023, Northwest Bancshares repurchased 899,011 shares of its common stock for a total cost of $14.6 million, with an average price of $16.23 per share. This was conducted under a $15.0 million stock repurchase program approved in July 2023, which replaced an earlier $5.0 million program from May 2023.
    • For the year ended December 31, 2024, the company did not repurchase any shares.
    • In February 2025, a new $10.0 million stock repurchase program was approved. Under this program, 273,825 shares were repurchased for $4.5 million during the first three months of 2025, and an additional 193,409 shares were repurchased for $3.1 million between March 31, 2025, and April 24, 2025. As of September 30, 2025, up to $157.3 million remained authorized for repurchases.

    Share Issuance

    • On July 25, 2025, Northwest Bancshares completed an all-stock acquisition of Penns Woods Bancorp, Inc., valued at approximately $270.4 million.
    • As part of this transaction, Penns Woods shareholders received 2.385 shares of Northwest common stock for each of their Penns Woods shares.
    • The newly issued shares as part of the Penns Woods acquisition represented about 12% of the combined entity's outstanding stock.

    Outbound Investments

    • Northwest Bancshares, Inc. completed the acquisition of Penns Woods Bancorp, Inc. on July 25, 2025.
    • This acquisition was an all-stock transaction with an approximate value of $270.4 million.
    • The merger expanded Northwest's presence in Pennsylvania by adding 21 branch locations and is anticipated to increase the combined company's assets to over $17 billion, positioning it among the nation's top 100 largest banks.

    Capital Expenditures

    • Capital expenditures were $17.52 million in 2021, $4.32 million in 2022, $8.56 million in 2023, and $2.31 million in 2024.
    • In the fourth quarter of 2025, Northwest Bancshares invested $2.5 million in capital expenditures, primarily for funding long-term assets and infrastructure.

    Peer Outperformance in Regional Banks

    NWBI has outperformed 51% of its 264 Regional Banks peers over 5Y. Regional Banks ranks 7th of 18 industries in Financials by median 5Y return.
    Share of Regional Banks constituents that NWBI has outperformed, by holding period. Peers without a full price history over a given window are excluded from that window.
    1Y
    60%
    of 288 industry peers · 29.1% return
    3Y
    44%
    of 277 industry peers · 85.9% return
    5Y
    51%
    of 264 industry peers · 66.3% return
    null
    Median price return by industry across the Financials sector, ranked by 5Y. Regional Banks is NWBI's own industry. Use this to see which corners of the sector have carried the returns.
    Industry Names 1Y med3Y med5Y med Top 3 by 5Y
    Reinsurance 6 23.3%69.0%130.6% SPNT 170% · RGA 149% · RNR 140%
    Investment Banking & Brokerage 13 -0.3%111.7%118.7% IBKR 535% · SNEX 254% · GS 181%
    Diversified Banks 12 29.5%134.2%114.6% CM 162% · JPM 156% · RY 149%
    Life & Health Insurance 20 7.1%55.5%103.2% JXN 534% · UNM 361% · FG 204%
    Multi-Sector Holdings 4 4.1%48.9%84.6% JONE 362% · VOYA 86% · BRK-B 83%
    Property & Casualty Insurance 42 7.9%66.0%66.2% ASIC 2706900% · HRTG 404% · UVE 317%
    Regional Banks ← 265 24.0%91.9%64.7% ESQ 367% · GCBC 309% · NBN 309%
    Multi-line Insurance 9 8.4%69.4%61.1% GNW 194% · L 107% · SLF 102%
    Financial Exchanges & Data 15 0.0%17.3%31.2% VIRT 185% · CBOE 134% · CME 80%
    Diversified Financial Services 4 -6.0%23.2%30.6% FRHC 177% · EQH 116% · TMS -55%
    Consumer Finance 30 -0.1%90.1%25.6% ENVA 427% · EZPW 312% · FCFS 164%
    Insurance Brokers 16 -16.5%-8.1%17.5% LIFE 217% · ARX 88% · CRD-A 65%
    Commercial & Residential Mortgage Finance 15 -46.0%25.3%12.1% FNMA 446% · FMCC 415% · ACT 182%
    Asset Management & Custody Banks 85 -11.3%16.4%11.7% WT 351% · VCTR 281% · SII 278%
    Specialized Finance 3 11.2%42.6%-5.7% EFC 26% · CACC -6% · HASI -17%
    Mortgage REITs 33 -12.6%7.5%-20.2% NREF 55% · RITM 42% · DX 33%
    Diversified Capital Markets 21 -33.8%16.4%-36.8% OPY 204% · LPLA 131% · GOLD 82%
    Transaction & Payment Processing Services 16 -0.2%-6.9%-45.5% V 72% · MA 70% · CPAY 55%
    Median of constituents with a full price history over each window. Top names are unfiltered by size in this render.

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    Financials

    NWBINEWTATLOFITBMTBHBANMedian
    NameNorthwes.NewtekOneAmes Nat.Fifth Th.M&T Bank Huntingt. 
    Mkt Price15.3011.6432.0253.31226.9616.0424.03
    Mkt Cap2.20.30.348.633.132.417.3
    Rev LTM7012777310,4909,8239,6835,192
    Op Inc LTM-------
    FCF LTM138-740212,8963,5952,6831,410
    FCF 3Y Avg131-373173,3423,4942,3831,257
    CFO LTM154-739223,6653,8043,0621,608
    CFO 3Y Avg142-373193,9123,7042,6211,381

    Growth & Margins

    NWBINEWTATLOFITBMTBHBANMedian
    NameNorthwes.NewtekOneAmes Nat.Fifth Th.M&T Bank Huntingt. 
    Rev Chg LTM17.4%7.8%21.3%23.8%4.7%26.1%19.3%
    Rev Chg 3Y Avg8.8%26.8%8.1%7.4%0.9%9.1%8.5%
    Rev Chg Q20.7%7.0%18.5%45.3%4.1%46.4%19.6%
    QoQ Delta Rev Chg LTM4.6%1.7%4.3%10.6%1.0%10.2%4.4%
    Op Inc Chg LTM-------
    Op Inc Chg 3Y Avg-------
    Op Mgn LTM-------
    Op Mgn 3Y Avg-------
    QoQ Delta Op Mgn LTM-------
    CFO/Rev LTM21.9%-267.4%30.3%34.9%38.7%31.6%31.0%
    CFO/Rev 3Y Avg24.1%-138.6%30.2%43.8%39.2%32.1%31.2%
    FCF/Rev LTM19.6%-267.5%28.9%27.6%36.6%27.7%27.7%
    FCF/Rev 3Y Avg22.2%-138.7%27.9%37.6%37.0%29.3%28.6%

    Valuation

    NWBINEWTATLOFITBMTBHBANMedian
    NameNorthwes.NewtekOneAmes Nat.Fifth Th.M&T Bank Huntingt. 
    Mkt Cap2.20.30.348.633.132.417.3
    P/S3.21.23.94.63.43.33.4
    P/Op Inc-------
    P/EBIT-------
    P/E14.65.112.420.710.913.512.9
    P/CFO14.6-0.412.913.38.710.611.7
    Total Yield12.1%28.9%10.8%7.5%11.9%10.5%11.4%
    Dividend Yield5.3%9.2%2.8%2.7%2.7%3.1%2.9%
    FCF Yield 3Y Avg7.6%-103.1%8.9%10.9%11.8%9.5%9.2%
    D/E0.41.70.10.40.50.70.5
    Net D/E-0.50.6-1.7-0.9-0.70.0-0.6

    Returns

    NWBINEWTATLOFITBMTBHBANMedian
    NameNorthwes.NewtekOneAmes Nat.Fifth Th.M&T Bank Huntingt. 
    1M Rtn-0.8%-7.1%1.6%-2.8%-5.0%-4.9%-3.8%
    3M Rtn6.2%-14.1%8.3%0.1%0.3%-5.0%0.2%
    6M Rtn26.3%4.6%18.8%19.4%14.6%6.9%16.7%
    12M Rtn29.1%0.8%59.9%19.6%15.6%-6.0%17.6%
    3Y Rtn85.9%-5.3%110.9%132.3%100.4%76.0%93.1%
    1M Excs Rtn-1.7%-8.5%0.1%-3.8%-5.7%-6.4%-4.8%
    3M Excs Rtn2.3%-18.0%4.4%-3.8%-3.6%-8.9%-3.7%
    6M Excs Rtn9.4%-12.5%2.5%3.3%-3.3%-11.0%-0.4%
    12M Excs Rtn9.8%-18.1%43.3%2.0%-0.6%-23.9%0.7%
    3Y Excs Rtn-2.3%-88.6%33.2%44.5%20.8%-2.9%9.2%

    Comparison Analyses

    null

    FDIC Bank Data

    Bank Assets

    FDIC Data As Of6302025
    ASSETS 
    Cash Balance ($ Bil)0
    Securities ($ Bil)2
    Net Loans ($ Bil)11
    Trading Assets ($ Bil)0
    Bank Premises Assets ($ Bil)0
    Other Real Estate Owned ($ Bil)0
    Goodwill & Intangibles ($ Bil)0
    Other Assets ($ Bil)1
    Total Assets (Sum) ($ Bil)14
    Total Assets (Reported) ($ Bil)14
    Risk Weighted Assets ($ Bil)11
    SECURITIES DETAILS 
    US Govt Securities ($ Bil)2
    Equity Securities Not Held for Trading ($ Bil)0
    Total Debt Securities ($ Bil)2
    Mortgage-Backed Securities ($ Bil)2
    SECURITIES VALUATION 
    Securities Held to Maturity (Book Value) ($ Bil)1
    Securities Available for Sale (Fair Market) ($ Bil)1

    Bank Loans

    FDIC Data As Of6302025
    LOAN DETAILS 
    All Real Estate Loans ($ Bil)7
    Farm Loans ($ Bil)0
    Commercial and Industrial Loans ($ Bil)2
    Loans to Individuals (CC, revolving credit, auto, other) (non-mortgage) ($ Bil)2
    Commercial Real Estate Loans not Secured by Real Estate ($ Bil)0
    Commercial Real Estate Owner-Occupied ($ Bil)1
    Commercial Real Estate Other Non-Farm Non-Residential ($ Bil)1
    Total Net Loans ($ Bil)11

    Financials

    $ Mil | FY: 12/312026Q22026Q12025Q42025Q32025Q22025Q12024Q42024Q32024Q22024Q12023Q42023Q3
    Period End6/30/20263/31/202612/31/20259/30/20256/30/20253/31/202512/31/20249/30/20246/30/20243/31/202412/31/20239/30/2023
    Filing Date8/5/20265/7/20262/25/202611/10/20258/5/20255/6/20252/25/202511/7/20248/5/20245/3/20242/23/202411/3/2023
    Key Financials Quarterly            
    Total Revenue18117417916715015615313998131135139
    Net Income5451463344333345292939
    EPS0.370.350.310.020.260.340.260.260.040.230.230.31
    Key Financials TTM            
    Total Revenue TTM701670652626597545520502502543548557
    Net Income TTM15313312611314411510097102130135141
    Growth Rates Quarterly            
    Total Revenue Growth20.7%11.8%16.8%20.7%53.2%19.1%13.5%-0.0%-29.2%-3.8%-6.4%-0.4%
    Net Income Growth59.0%16.3%39.6%-90.6%609.4%49.0%12.9%-14.3%-85.6%-13.4%-16.3%5.1%
    Margins Quarterly            
    Net Income Margin29.7%29.0%25.5%1.9%22.5%27.9%21.4%24.2%4.9%22.3%21.5%28.3%
    Cash & Debt            
    Total Cash2,0782,0341,8203021,4621,5071,3971,3391,2581,2131,1661,172
    Total Debt857596691613443442445449486645643848
    Net Debt / (Cash)-1,221-1,438-1,129311-1,019-1,065-953-890-771-569-523-324
    Cash Flows Quarterly            
    FCF from Operations3274642-2108-7793417145-5
    Cash Flows TTM            
    FCF from Operations TTM1541201537012216512825015113493113
    Returns to Shareholders Quarterly            
    Dividends292929292626252525252525
    Share Repurchases-0-0-0-0-0-0-0-0-0-0-0-0
    Return on Invested Capital (ROIC) Quarterly            
    ROIC--252.7%0.8%---380.7%14.9%38.2%32.8%31.2%
    Return on Invested Capital (ROIC) TTM            
    ROIC TTM--174.1%7.6%---273.3%80.0%42.7%38.2%27.9%

    Segment Financials

    Revenue by Segment
    $ Mil20252024202320222021
    Banking879756702560 
    Single Segment    507
    Total879756702560507


    Operating Income by Segment
    $ Mil20152014201320122011
    Community Banking89828615687
    Consumer Finance33486
    All Other-3-2302
    Total88849316595


    Net Income by Segment
    $ Mil20252024202320222016
    Banking126100135134 
    All Other    -3
    Community Banking    52
    Consumer Finance    0
    Total12610013513450


    Assets by Segment
    $ Mil20252024202320222016
    Banking16,76714,40814,41914,113 
    All Other    13
    Community Banking    9,500
    Consumer Finance    110
    Total16,76714,40814,41914,1139,624


    Price Behavior

    Price Behavior
    Market Price$15.30 
    Market Cap ($ Bil)2.2 
    First Trading Date11/08/1994 
    Distance from 52W High-3.2% 
       50 Days200 Days
    DMA Price$15.43$13.53
    DMA Trendupup
    Distance from DMA-0.9%13.1%
     3M1YR
    Volatility15.5%21.8%
    Downside Capture10.5129.35
    Upside Capture37.9353.21
    Correlation (SPY)5.2%23.7%
    NWBI Betas & Captures as of 8/31/2026

     1M2M3M6M1Y3Y
    Beta0.360.210.040.220.420.69
    Up Beta0.84-0.11-0.49-0.000.460.69
    Down Beta-0.53-0.40-0.20-0.040.300.64
    Up Capture2%45%49%54%45%46%
    Bmk +ve Days10213268138427
    Stock +ve Days10213873134372
    Down Capture48%53%11%18%42%88%
    Bmk -ve Days11213259113324
    Stock -ve Days11202551113365

    [1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
    Based On 1-Year Data
    Annualized
    Return    		Annualized
    Volatility    		Sharpe
    Ratio    		Correlation
    with NWBI
    NWBI27.0%21.8%1.00-
    Sector ETF (XLF)4.9%14.6%0.1053.0%
    Equity (SPY)18.2%13.0%1.0122.8%
    Gold (GLD)18.8%29.3%0.59-4.9%
    Commodities (DBC)47.0%20.6%1.76-16.3%
    Real Estate (VNQ)5.7%13.6%0.1541.0%
    Bitcoin (BTCUSD)-31.0%44.4%-0.7111.5%

    Smart multi-asset allocation framework can stack odds in your favor. Learn How
    Based On 5-Year Data
    Annualized
    Return    		Annualized
    Volatility    		Sharpe
    Ratio    		Correlation
    with NWBI
    NWBI10.3%25.2%0.37-
    Sector ETF (XLF)9.9%18.4%0.4060.6%
    Equity (SPY)13.1%17.2%0.5843.4%
    Gold (GLD)18.9%18.8%0.81-1.7%
    Commodities (DBC)11.0%19.5%0.443.5%
    Real Estate (VNQ)1.2%18.8%-0.0449.8%
    Bitcoin (BTCUSD)12.5%52.6%0.4220.2%

    Smart multi-asset allocation framework can stack odds in your favor. Learn How
    Based On 10-Year Data
    Annualized
    Return    		Annualized
    Volatility    		Sharpe
    Ratio    		Correlation
    with NWBI
    NWBI5.6%26.6%0.23-
    Sector ETF (XLF)13.2%22.1%0.5469.4%
    Equity (SPY)15.6%17.9%0.7450.9%
    Gold (GLD)12.1%16.4%0.61-3.9%
    Commodities (DBC)8.4%18.1%0.3813.4%
    Real Estate (VNQ)4.9%20.7%0.2051.9%
    Bitcoin (BTCUSD)62.7%66.2%1.0313.4%

    Smart multi-asset allocation framework can stack odds in your favor. Learn How

    Short Interest

    Short Interest: As Of Date8312026
    Short Interest: Shares Quantity7.8 Mil
    Short Interest: % Change Since 81520269.6%
    Average Daily Volume0.8 Mil
    Days-to-Cover Short Interest10.3 days
    Basic Shares Quantity146.3 Mil
    Short % of Basic Shares5.3%

    Returns Analyses

    Earnings Returns History

    Updated 8/27/2026
    Expand for More
     Forward Returns
    Earnings Date1D Returns5D Returns21D Returns
    7/27/20263.2%3.0%0.5%
    4/27/20265.0%2.1%4.6%
    1/26/20260.8%3.0%3.6%
    10/27/2025-3.7%-5.3%-1.1%
    7/29/2025-2.9%-5.1%4.9%
    4/28/20255.7%6.2%5.0%
    1/24/20250.1%-1.4%-4.3%
    10/29/2024-0.1%-2.0%11.6%
    ...
    SUMMARY STATS   
    # Positive171317
    # Negative7117
    Median Positive2.2%5.5%4.6%
    Median Negative-1.7%-2.1%-2.3%
    Max Positive5.7%10.0%16.4%
    Max Negative-3.7%-8.0%-4.3%
     Collapse to Preview
     Forward Returns
    Earnings Date1D Returns5D Returns21D Returns
    7/27/20263.2%3.0%0.5%
    4/27/20265.0%2.1%4.6%
    1/26/20260.8%3.0%3.6%
    10/27/2025-3.7%-5.3%-1.1%
    7/29/2025-2.9%-5.1%4.9%
    4/28/20255.7%6.2%5.0%
    1/24/20250.1%-1.4%-4.3%
    10/29/2024-0.1%-2.0%11.6%
    7/23/20244.5%5.5%0.3%
    4/22/2024-0.6%-2.8%2.5%
    1/22/20244.8%7.0%-2.0%
    10/23/20234.7%6.2%16.4%
    7/24/20232.3%5.5%-2.3%
    4/24/20231.3%2.0%-4.1%
    1/23/2023-1.8%0.7%0.8%
    10/24/20222.2%8.1%10.4%
    7/25/20222.9%10.0%13.6%
    4/25/2022-1.6%-4.4%-3.6%
    1/24/20220.9%-1.8%0.5%
    10/25/20211.6%-2.1%1.3%
    7/26/20210.4%-1.1%-0.7%
    4/26/20210.3%-0.7%1.1%
    1/25/2021-1.7%-8.0%5.0%
    10/26/20200.6%0.9%15.5%
    SUMMARY STATS   
    # Positive171317
    # Negative7117
    Median Positive2.2%5.5%4.6%
    Median Negative-1.7%-2.1%-2.3%
    Max Positive5.7%10.0%16.4%
    Max Negative-3.7%-8.0%-4.3%

    SEC Filings

    Expand for More
    Report DateFiling DateFiling
    06/30/202608/05/202610-Q
    03/31/202605/07/202610-Q
    12/31/202502/25/202610-K
    09/30/202511/10/202510-Q
    06/30/202508/05/202510-Q
    03/31/202505/06/202510-Q
    12/31/202402/25/202510-K
    09/30/202411/07/202410-Q
    06/30/202408/05/202410-Q
    03/31/202405/03/202410-Q
    12/31/202302/23/202410-K
    09/30/202311/03/202310-Q
    06/30/202308/04/202310-Q
    03/31/202305/05/202310-Q
    12/31/202202/24/202310-K
    09/30/202211/04/202210-Q
     Collapse to Preview
    Report DateFiling DateFiling
    06/30/202608/05/202610-Q
    03/31/202605/07/202610-Q
    12/31/202502/25/202610-K
    09/30/202511/10/202510-Q
    06/30/202508/05/202510-Q
    03/31/202505/06/202510-Q
    12/31/202402/25/202510-K
    09/30/202411/07/202410-Q
    06/30/202408/05/202410-Q
    03/31/202405/03/202410-Q
    12/31/202302/23/202410-K
    09/30/202311/03/202310-Q
    06/30/202308/04/202310-Q
    03/31/202305/05/202310-Q
    12/31/202202/24/202310-K
    09/30/202211/04/202210-Q
    06/30/202208/05/202210-Q
    03/31/202205/06/202210-Q
    12/31/202102/25/202210-K
    09/30/202111/04/202110-Q
    06/30/202108/05/202110-Q
    03/31/202105/06/202110-Q
    12/31/202002/26/202110-K
    09/30/202011/06/202010-Q
    06/30/202008/07/202010-Q
    03/31/202005/11/202010-Q
    12/31/201903/02/202010-K
    09/30/201911/08/201910-Q

    Insider Activity

    Updated 8/20/2026
    Expand for More
    #OwnerTitleHoldingActionFiling DatePriceSharesTransacted
    Value    		Value of
    Held Shares    		Form
    1Kranich, Charles E DirectBuy820202615.281,25019,0941,552,490Form
    2Kranich, Charles E IRABuy820202615.283855,8815,881Form
    3Colestro, James MChief Retail Lending OfficerDirectSell731202615.7713,274209,331583,669Form
    4Hunter, Timothy M DirectBuy528202613.9710,000139,6752,790,022Form
    5Schosser, Douglas MChief Financial OfficerDirectBuy504202613.921,50020,8831,128,483Form
     Collapse to Preview
    #OwnerTitleHoldingActionFiling DatePriceSharesTransacted
    Value    		Value of
    Held Shares    		Form
    1Kranich, Charles E DirectBuy820202615.281,25019,0941,552,490Form
    2Kranich, Charles E IRABuy820202615.283855,8815,881Form
    3Colestro, James MChief Retail Lending OfficerDirectSell731202615.7713,274209,331583,669Form
    4Hunter, Timothy M DirectBuy528202613.9710,000139,6752,790,022Form
    5Schosser, Douglas MChief Financial OfficerDirectBuy504202613.921,50020,8831,128,483Form
    6Bowers, Urich TChief Cons. Banking /Strat OffDirectBuy504202613.977,00097,825627,495Form
    7Betchkal, Gregory JChief Risk OfficerIRABuy504202613.935,00069,65069,650Form
    8Barnum, Carey AChief AuditorDirectSell504202613.971,35118,87382,629Form
    9Torchio, Louis JPresident & CEODirectBuy309202612.163,50042,5602,083,507Form
    10Campana, Robert M DirectBuy129202612.622,00025,248850,438Form
    11Tullio, David M DirectBuy1209202512.271,50018,398368,576Form
    12Hunter, Timothy M DirectBuy1208202512.184,00048,7382,312,040Form
    13Meegan, John P IRABuy1202202512.101,50018,150260,150Form
    14Chadsey, Deborah J Esq IRABuy1125202511.791,70020,03461,871Form
    15Williams, Amber Lee DirectBuy1121202511.371,30214,797113,018Form
    16Campana, Robert M DirectBuy1121202511.371,00011,370743,181Form
    17Hunter, Timothy M DirectBuy807202511.6610,000116,5602,165,114Form
    18Paup, Mark A DirectBuy801202511.593,50040,560727,439Form

    Investor Activity (13F)

    Updated Sep 22, 2026
    13F holdings as of Mar 31, 2026 (Q1 2026)

    Active managers (13F portfolio over $250M, at least 3 holdings) with a position over $5M that is either over 10% of their portfolio or held in a concentrated book of 50 or fewer total positions. Index/ETF, sovereign, bank, community-bank and charitable/donor-advised filers are excluded.

    Active ManagerValue% of PortfolioTotal PositionsQoQFiling
    Rhino Investment Partners, Inc$6.6 Mil1.8%39New13F
    Active ManagerValue% of PortfolioTotal PositionsQoQFiling
    Rhino Investment Partners, Inc$6.6 Mil1.8%39New13F
    Active Manager
    Active ManagerValue% of PortfolioTotal PositionsQoQFiling
    Rhino Investment Partners, Inc$6.6 Mil1.8%39New13F

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    Core Cache Last Updated: 9/21/2026