Northwest Bancshares Q2 net income $34M, EPS $0.26; classified loans jump to 4.57% of portfolio

Northwest Bancshares, Inc.

2025-Q2 EPS reported $0.60

GAAP net income $34M ($0.26 diluted EPS) vs $5M ($0.04) YoY; adjusted net income $38M ($0.30).
Net interest margin 3.56% (3.20% YoY); net interest income $119M, +11.8% YoY but -6.6% QoQ due to large non-accrual recovery in prior quarter.
Classified loans surged to $518M (4.57% of loans) from $279M (2.49%) at Q1 2025, driven by commercial real estate downgrades.
Provision for credit losses $8.7M vs $7.9M prior quarter and ($0.4M) prior year; increase tied to CRE portfolio and downgrades.
Quarterly cash dividend of $0.20/share declared, payable Aug 19, record Aug 8; annualized yield ~6.3% (123rd consecutive quarter).

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