Northwest Bancshares (NWBI) Earnings Transcript

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Wednesday, July 30, 2025 astatine 8:30 a.m. ET

• President & Chief Executive Officer — Louis J. Torchio

• Executive Vice President & Chief Financial Officer — Douglas M. Schosser

• Executive Vice President & Chief Credit Officer — Thomas K. Creal

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Louis J. Torchio: Good morning, everyone. Thanks for joining america contiguous to sermon our 2nd 4th results. First, I'd similar to commencement by welcoming Penns Woods customers, employees and shareholders to Northwest and Richard Grafmyre, Penns Woods erstwhile CEO, to our Board of Directors. We completed the ineligible adjacent of Penns Woods merger aft the decision of concern connected Friday, July 25, and subsequently began the lawsuit and information conversion and fiscal halfway rebranding implicit the weekend. As of 8:00 a.m. Monday, July 28, the erstwhile Jersey Shore State Bank and Luzerne Bank Financial Centers began operating nether the Northwest Bank name.

Closing the largest transaction successful our company's history, portion continuing to present beardown operational and fiscal show is simply a effect of the cumulative effort of galore months of hard enactment by our team. I'm grateful to everyone for their dedication to making this merger and conversion successful. I'd besides similar to enactment that the cardinal metrics relating to the merger, including expected outgo reductions are connected people oregon amended than our archetypal expectations. Our focused execution exemplifies our committedness to disciplined but opportunistic growth. You tin spot that trajectory connected the bottommost of Page 5. Northwest present ranks arsenic 1 of the nation's 100 largest slope holding companies with full assets of astir $17 billion.

We present person much than 150 fiscal centers crossed Pennsylvania, New York, Ohio and Indiana, further enhancing our standard for driving sustainable guardant momentum and revenue. Together, we are amended positioned to present worth to our shareholders and to connection an expanded scope of products and services to customers and communities crossed our Pennsylvania footprint. Although we are ever evaluating acquisition opportunities for further standard and strategical benefits, with the Penns Woods acquisition and conversion conscionable down us, we are chiefly focused connected optimizing the operations and fiscal show of the recently combined entity.

We proceed to heighten our capabilities, grow our footprint done de novo subdivision openings and supply personalized services and expertise to our customers and the communities we serve. In June, we opened our archetypal caller full-service fiscal halfway successful 6 years successful Fishers, Indiana, and we person plans to unfastened further caller fiscal centers successful cardinal locations successful the high-growth Columbus and Indianapolis metro areas implicit the adjacent 12 to 18 months. Turning to our 2nd quarter. I'll code immoderate of the quarter's highlights connected Slide 6.