Northwest Bancshares, Inc. · NASDAQ:NWBI
Northwest Bancshares — Investor Presentation (November 2026)
38 slides from Northwest Bancshares's investor presentation, Nov 4, 2026
Slide 1: Investor Presentation Northwest Bancshares, Inc.
N o v e m b e r 2 0 2 6 Investor Presentation Northwest Bancshares, Inc. · NASDAQ: NWBI 01 Commercial Lending 02 De Novo Activity 03 Low-Cost, Granular Deposits 04 Proven Acquirer 05 Leadership Transformation
Slide 2: Forward-looking Statements and Additional Information
2 Forward-looking Statements and Additional Information The information contained in this presentation may contain forward-looking statements. The words “believe,” “anticipate,” “estimate,” “expect,” “project,” “target,” “goal” and similar expressions are examples of language intended to identify fo
Slide 3: The Northwest investment thesis
N A S D A Q : N W B I · 3 Q 2 0 2 6 The Northwest investment thesis A transformed, well-capitalized regional bank compounding growth across deposits, capital, leadership, M&A and C&I lending. 4-state franchise 153 financial centers As of or for the quarter ended September 30, 2026. Certain metrics a
Slide 4: Driving valuable growth through specialty verticals
01 Commercial Lending 02 De Novo Activity 03 Low-Cost, Granular Deposits 04 Proven Acquirer 05 Leadership Transformation National Verticals SBA (est. 2023) Equipment Finance (est. 2023) Sponsor Finance (est. 2023) Sports Finance (est. 2023) Franchise Finance (est. 2024) COMMERCIAL LENDING - NATIONAL
Slide 5: Commercial Portfolio Growth in National Verticals Drives C&I Momentum
49% 22% 29% 3Q 2026 EOP Commercial Banking Loans (%) CRE C&I National Verticals 01 Commercial Lending 02 De Novo Activity 03 Low-Cost, Granular Deposits 04 Proven Acquirer 05 Leadership Transformation Commercial Portfolio Growth in National Verticals Drives C&I Momentum Stabilizing Legacy Commercial
Slide 6: Commercial momentum is reshaping the loan mix
$(26) $(3) $140 $(104) $201 $13,094 $13,302 Q2 2026 Residential Home Equity Consumer CRE C&I Q3 2026 +31% YoY average C&I loan growth LOAN MIX BY SEGMENT Avg. Balance ($B) Growth · Stabilize · De-emphasize A D V A N C I N G T H E I N V E S T M E N T T H E S I S Loan Yields & Average Balance ($B) Ave
Slide 7: Northwest's Expansion in the Columbus Market
We recently held the grand opening of our second financial center in Columbus, with three additional locations to be completed by early 2027. 01 Commercial Lending 02 De Novo Activity 03 Low-Cost, Granular Deposits 04 Proven Acquirer 05 Leadership Transformation New Albany, OH Financial Center Rende
Slide 8: Northwest's Growth in the Attractive Columbus Market
Northwest’s Growth in the Attractive Columbus Market 01 Commercial Lending 02 De Novo Activity 03 Low-Cost, Granular Deposits 04 Proven Acquirer 05 Leadership Transformation Columbus MSA(1) 5.45%Population Growth (%) (2020-2026) 12.9%Deposit Growth (%) (2024-2025) $119 BillionTotal Deposits in Marke
Slide 9: Financial Center Locations Drive Low-Cost, Granular Deposits
P1 P2 P3 NWBI P4 P5 P6 P7 P8 P9 P10 P11 P12 P13 P14 P15 P16 COST OF DEPOSITS - 2Q26 (%) Financial Center Locations Drive Low-Cost, Granular Deposits $14.3B Total deposits 6.6% Deposit Growth – 3Yr CAGR 715K+ Customer accounts ~12.6 yrs Avg customer tenure Proxy Peers sourced from S&P Capital IQ, 2Q2
Slide 10: Low-Cost, Granular Funding Base
$13.3B $13.8B $14.1B $14.1B $14.1B 1.55% 1.53% 1.48% 1.43% 1.44% Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 $27 $(13) $74 $1 $(83) $14,134 $14,140 Q2 2026 Demand Int-bearing Demand Money Market Savings Time Q3 2026 10A D V A N C I N G T H E I N V E S T M E N T T H E S I S 01 Commercial Lending 02 De No
Slide 11: Transformation from a Demutualized Thrift to a Regional Bank
Transformation from a Demutualized Thrift to a Regional Bank Period-end balances, Source: company filings. $9.85 $9.37 $9.63 $9.72 $9.88 2Q 2025 3Q 2025 4Q 2025 1Q 2026 2Q 2026 PWOD Acquisition TBV / Share Earn-back: Static Method Successful execution and integration achieved 100% of cost savings ea
Slide 12: Strengthening and Deepening Leadership Team
12 2023 2024 2025 2026 Louis J. Torchio August 2022 President, CEO & Director Jay M. DesMarteau June 2023 Chief Commercial Banking Officer TD Bank Lending Club Erin F. Siegfried September 2025 Chief Legal Counsel Huntington Gregory J. Betchkal March 2023 Chief Risk Officer Bread Financial Citigroup
Slide 13: 2025 Head of Corporate Development and Strategy Michael Perry Morgan Stanley & Merrill Lynch
2025 Head of Corporate Development and Strategy Michael Perry Morgan Stanley & Merrill Lynch 2023 2025 2026 A D V A N C I N G T H E I N V E S T M E N T T H E S I S 01 Commercial Lending 02 De Novo Activity 03 Low-Cost, Granular Deposits 04 Proven Acquirer 05 Leadership Transformation 13 2025 Executi
Slide 14: Appendix
>»» Appendix
Slide 15: 2026 Outlook
15 2026 Outlook(1) * Non-GAAP financial measure; See "Use of non-GAAP Financial Measures” and Non-GAAP reconciliations herein | (1) The reconciliation with respect to forward-looking non-GAAP measures is expected to be consistent with actual non-GAAP reconciliations included in the appendix 2025 Bas
Slide 16: Non-GAAP Reconciliation
16* Dollars in thousands, except per share amounts Non-GAAP Reconciliation
Slide 17: Third Quarter 2026 Earnings Conference Call
Third Quarter 2026 Louis J. Torchio President and Chief Executive Officer T.K. Creal Chief Credit Officer Douglas M. Schosser Chief Financial Officer Michael D. Perry Corporate Development & Strategy Investor Relations Earnings Conference Call October 27, 2026
Slide 18: Forward-looking Statements and Additional Information
18 Forward-looking Statements and Additional Information The information contained in this presentation may contain forward-looking statements. The words “believe,” “anticipate,” “estimate,” “expect,” “project,” “target,” “goal” and similar expressions are examples of language intended to identify f
Slide 19: Northwest Bancshares At-A-Glance
19 FOUNDED 1896 TOTAL ASSETS $17.3B TOTAL DEPOSITS $14.3B TOTAL LOANS $13.4B FINANCIAL CENTERS 153 ROA 1.18% NIM* 3.70% * Non-GAAP financial measure; See "Use of non-GAAP Financial Measures” and Non-GAAP reconciliations herein. Northwest Bancshares At-A-Glance For the quarter ended September 30, 202
Slide 20: 3Q 2026 Highlights
20 3Q 2026 Highlights Revenue Growth Net interest Income Balance Sheet Management Growth in national verticals and middle market drove momentum in the commercial loan portfolios Record net interest income performance and strong noninterest income drove record revenue Net interest income benefited fr
Slide 21: 3Q 2026 Highlights
21* Non-GAAP financial measure; See "Use of non-GAAP Financial Measures” and Non-GAAP reconciliations herein. | ** Capital information presented herein is based on estimates and subject to change pending the Company’s filing of its regulatory reports | (1) As Adjusted for merger and restructuring co
Slide 22: Loan balances and yields
22 13,094 (26) (3) 140 (104) 201 13,302 Q2 2026 Residential Home Equity Consumer CRE C&I Q3 2026 6.91 7.07 7.11 7.18 7.29 5.66 5.91 5.97 5.91 6.01 5.63% 5.65% 5.62% 5.61% 5.59% - 2.00 4.00 6.00 8.00 10.00 12.00 14.00 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 Personal Banking Loans Commercial Banking L
Slide 23: Deposit Growth and Cost of Deposits
23 8.09 8.41 8.47 8.52 8.54 5.21 5.36 5.58 5.61 5.60 1.55% 1.53% 1.48% 1.43% 1.44% - 2.00 4.00 6.00 8.00 10.00 12.00 14.00 16.00 18.00 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 Demand and Savings Time and Money Market Cost of Deposits 14,134 27 (13) 74 1 (83) 14,140 Q2 2026 Demand Int-bearing demand M
Slide 24: Net Interest Income and NIM Trends
24 375 4 2 0 0 1 370 Q2 2026 Borrowings Purchase Accounting Investments Loans Deposits Q3 2026 10,337 10,666 10,972 11,032 11,010 592 600 650 624 843 2.13% 2.14% 2.06% 2.00% 2.05% 0.90% 1.40% 1.90% 2.40% 2.90% 3.40% 3.90% 4.40% 6,000 7,000 8,000 9,000 10,000 11,000 12,000 13,000 Q3 2025 Q4 2025 Q1 2
Slide 25: Securities Portfolio
25 -1 -3 0 14 -15 -11 2,5872,603 2Q26 Treasury Agency CMO Municipal Corporate Agency MBS Agency CMBS 3Q26 Municipal, 3% Treasury, 6% Corporate, 4% Agency MBS, 23% Agency CMO, 37% Agency CMBS, 27% $ M ill io ns Securities Portfolio Securities Classification Securities Portfolio QoQ Change EOP Balance
Slide 26: Noninterest Income
26 16.9 17.4 17.1 16.9 17.9 8.0 8.4 8.6 9.4 10.1 7.3 12.0 6.9 7.9 7.9 32.2 37.8 32.6 34.2 35.9 3Q25 4Q25 1Q26 2Q26 3Q26 Other Noninterest Income Trust and Other Financial Services Service Charges and Fees Noninterest Income • Noninterest income increased by $1.7 million or 5.0% QoQ, driven by servic
Slide 27: Noninterest Expense
27 63.0 65.1 58.3 63.5 63.9 39.2 44.2 45.1 40.4 44.8 31.3 4.2 0.6 0.4 0.2 133.5 113.5 104.0 104.3 109.0 59.6% 59.6% 57.8% 56.2% 57.8% 3Q25 4Q25 1Q26 2Q26 3Q26 Personnel Non-personnel Merger Adj. Efficiency Ratio* $ M ill io ns N o ni nt er es t E xp en se Noninterest Expense Expense Mix and Efficien
Slide 28: Allowance for Credit Losses and Net Charge-offs
28 12,941 13,007 13,056 13,229 13,393 1.22% 1.15% 1.15% 1.13% 1.12% 3Q25 4Q25 1Q26 2Q26 3Q26 Loan Balances Allowance to Loans 11.2 5.7 5.0 4.3 5.2 20.2 0.29% 0.40% 0.16% 0.15% 0.15% 0 5 10 15 20 25 30 35 3Q25 Breakout 4Q25 1Q26 2Q26 3Q26 Provision for Credit Losses - Loans Net Charge-offs to Average
Slide 29: Credit Quality
29 12.9 13.0 13.1 13.2 13.4 1.00% 0.83% 0.70% 0.70% 0.76% 3Q25 4Q25 1Q26 2Q26 3Q26 Loans+OREO NPA/(Loans+OREO) 50.1 97.0 84.9 51.7 53.2 94.0 99.2 88.5 61.8 63.7 1.11% 1.51% 1.33% 0.86% 0.87% 3Q25 4Q25 1Q26 2Q26 3Q26 Consumer Loans Commercial Loans Delinquency Percentage Credit Quality Summary Commen
Slide 30: Classified Loans
30 81.2 -38.3 -4.9 -93.1 524.1 469.0 2Q26 Downgrades Upgrades Charge-offs Payoffs 3Q26 Other Non RE Collateral 20.3% Nursing Home 9.2% Commercial Office Building 6.1% 5 or More Unit Dwelling 6.2% Retail Building 4.1% Multi-Use Bldg (comm/retl & residential) 2.5% Other Medical Facility 2.3% All Other
Slide 31: 2026 Outlook
31 2026 Outlook(1) * Non-GAAP financial measure; See "Use of non-GAAP Financial Measures” and Non-GAAP reconciliations herein | (1) The reconciliation with respect to forward-looking non-GAAP measures is expected to be consistent with actual non-GAAP reconciliations included in the appendix 2025 Bas
Slide 32: Non-GAAP Reconciliation 1
32* Dollars in thousands, except per share amounts Non-GAAP Reconciliation 1
Slide 33: Non-GAAP Reconciliation 2
33* Dollars in thousands, except per share amounts Non-GAAP Reconciliation 2
Slide 34: Non-GAAP Reconciliation 3
34* Dollars in thousands, except per share amounts Non-GAAP Reconciliation 3
Slide 35: Non-GAAP Reconciliation 4
35* Dollars in thousands, except per share amounts Non-GAAP Reconciliation 4
Slide 36: Appendix
» Appendix cv
Slide 37: Earning Asset & Funding Mix
37 • Granular diversified deposit book, average balance of more than $19,900 • Customer deposits consist of over 715,000 accounts with an average tenure of more than 12.6 years • Time deposits continue to have a short duration Funding MixEarning Asset Mix • The loan portfolio remains slightly asset
Slide 38: Commercial loan portfolio composition
38 Retail Building, 12.9% 5 or More Unit Dwelling, 11.6% Manufacturing & Industrial Building, 8.4% Commercial Office Building - NOO, 8.4% Nursing Home, 5.7% All Others ~30 other property types, 53.0% Real Estate and Rental and Leasing 30.8% Manufacturing 11.7% Arts, Entertainment, and Recreation 8.4
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