Northwest Bancshares (NWBI) Earnings Transcript

Motley Fool Transcribing, The Motley Fool

Mon, January 26, 2026 astatine 10:18 AM CST 37 min read

Image source: The Motley Fool.

Tuesday, Oct. 28, 2025 astatine 9 a.m. ET

• President & Chief Executive Officer — Louis Torchio

• Chief Financial Officer — Douglas Schosser

Louis Torchio: Thank you, Michael, and bully morning, everyone. Thank you for joining america contiguous to sermon our 3rd 4th results. It was a engaged and productive 3rd quarter, and I'm pleased with our results and the team's performance. At the extremity of July, we closed the Penns Woods merger, the largest transaction successful our company's past and completed lawsuit and information conversion, and fiscal halfway rebranding. This is Northwest's archetypal 4th arsenic a combined entity with astir 2/3 of a afloat 4th of combined institution results. Deal synergies are arsenic expected and the assorted fiscal impacts of the merger, including outgo savings are each connected people oregon amended than expected.

I would similar to convey and congratulate our squad connected the palmy execution and integration of this merger. In aboriginal August, successful solemnisation of that accomplishment and joining the ranks of the nation's 100 largest slope holding companies, we rang the NASDAQ opening doorbell successful New York City. During the 3rd quarter, we continued to marque strategical additions to our enactment team. We welcomed a caller Chief Legal Officer, Treasurer and the Head of Wealth Management, a caller relation to pb our expanding wealthiness absorption team. We present person much than 150 fiscal centers crossed Pennsylvania, New York, Ohio and Indiana.

And yesterday, we had an authoritative groundbreaking ceremonial for our archetypal de novo fiscal halfway successful the Columbus market, and we're joined by the Mayor of New Albany and the Chair of its Chamber of Commerce. This is the archetypal of 3 caller fiscal centers we'll beryllium opening successful the Columbus marketplace adjacent summer. We're already gathering retired our Columbus de novo teams to enactment section deposit gathering, lawsuit acquisition and processing concern relationships for a accelerated ramp-up erstwhile we unfastened our doors. Our newest de novo fiscal halfway successful Fishers, Indiana, which we opened successful June, is performing good and connected target.

And arsenic we look retired implicit the adjacent 12 to 18 months, we expect to unfastened further caller fiscal centers successful cardinal locations successful the high-growth Columbus and Indianapolis markets. I'll present locomotion done immoderate of the highlights of the 3rd quarter, directing everyone to Slide 4. I'm pleased with the show of our archetypal 4th arsenic a combined institution with the squad staying focused connected executing our strategy and delivering connected our committedness to sustainable, liable and profitable growth. The merger enhanced our equilibrium expanse scale. At quarter's end, we had $16.4 cardinal successful full assets, $13.7 cardinal successful deposits and $12.9 cardinal successful loans.