Northwest Bancshares Inc (NASDAQ: NWBI) is a community banking company that operates through its subsidiary Northwest Bank, providing retail and commercial banking services across Pennsylvania, western New York, northeastern Ohio, and Indiana. The company makes money primarily from interest income on loans and marketable securities, supplemented by deposit service charges and mortgage servicing fees. As of December 31, 2025, Northwest Bank operated 161 community-banking locations across its four-state market area. On July 25, 2025, the company completed its acquisition of Penns Woods Bancorp, expanding its Pennsylvania footprint. Principal lending activities include one-to-four-family residential mortgage origination, consumer loans, commercial business loans, and commercial real estate loans. Commercial real estate loans totaled $3.3 billion, or 26% of gross loans, as of December 31, 2025. Fixed-rate home equity loans totaled $837 million, or 6% of gross loans, and home equity lines of credit totaled $670 million disbursed, or 5% of gross loans, as of December 31, 2025. The company is headquartered at 100 Liberty Street, Warren, Pennsylvania.

Revenue model

Interest income on loans and marketable securities is the principal revenue source. Secondary income comes from mortgage loan servicing fees on loans sold into the secondary market and deposit-related service charges. Funding is sourced from personal and business deposits and borrowed funds.

Products and services

Residential mortgage loans (fixed and adjustable rate), home equity loans and lines of credit, consumer loans, commercial business loans, commercial real estate loans, multi-family commercial loans, deposit accounts (personal and business), and mortgage loan servicing.

Customers and end markets

Retail consumers seeking residential mortgages, home equity products, and deposit accounts. Commercial borrowers including small and mid-size businesses in healthcare, education, services, technology, and manufacturing sectors across Pennsylvania, western New York, northeastern Ohio, and Indiana.

Value-chain role

Direct originator and portfolio lender for consumer and commercial loans. Also sells fixed-rate residential mortgage loans with maturities over 15 years into the secondary mortgage market, retaining servicing on a portion of sold loans.

Geographic exposure

Pennsylvania (102 community banking offices across 29 counties, including western and southeastern Pennsylvania), Indiana (20 community banking offices across 9 counties), and additional locations in western New York and northeastern Ohio. Total 161 community-banking locations as of December 31, 2025.

Source: SEC 10-K, filed 2026-02-25

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