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What guidance did Northwest Bancshares's management provide for the next earnings period?

- **Record Revenue Growth**: Q3 revenue of $168 million (+20% YoY), driven by 25% C&I loan growth and merger synergies.
- **Margin Expansion**: NIM improved to 3.65%, with 6 bps from purchase accretion.
- **Credit Stability**: Net charge-offs at 29 bps annualized; classified loans reduced by $74 million (excluding acquired loans).
- **Strategic Expansion**: 2026 de novo branches in Columbus and Indianapolis, targeting mid-single-digit loan growth.
- **Cost Efficiency**: Adjusted efficiency ratio of 59.6% reflects strong expense management.

**【Management Opening Remarks】**
- Michael Perry highlighted the successful integration of the Penns Woods merger, noting it as the largest transaction in the company's history. The merger brought $16.4 billion in total assets, with synergies on track or exceeding expectations.
- The company celebrated becoming one of the nation's 100 largest bank holding companies by ringing the NASDAQ bell in New York City.

**【CEO Summary Section】**
- **Revenue Growth**: Q3 revenue reached $168 million, a 20% year-over-year increase, driven by 25% growth in commercial C&I loans.
- **Net Interest Margin (NIM)**: Improved to 3.65% (up 9 bps Q/Q), benefiting from higher loan yields and purchase accretion.
- **Credit Quality**: No direct or indirect exposure to high-profile credit issues; classified loans decreased by $74 million (excluding acquired loans), with net charge-offs at 29 bps annualized.
- **Strategic Initiatives**: Launched de novo branches in Columbus and Indianapolis, with plans for additional openings in 2026. Named a top 50 SBA lender nationally.

**【CFO Financial Commentary】**
- **Earnings**: GAAP EPS was $0.02 (including merger costs), while adjusted EPS was $0.29. Non-GAAP EPS exceeded expectations due to strong cost control.
- **Financial Metrics**: 
  - Net interest income grew 14% Q/Q to $122.5 million.
  - Efficiency ratio improved to 59.6% (down 80 bps Q/Q).
  - Tangible common equity to tangible assets was 8.6%, better than projected.
- **Merger Impact**: $13 million in merger-related costs; full cost savings expected by Q2 2026. Goodwill of $61.2 million was recorded.
- **Liquidity**: Maintained strong liquidity with 250% coverage of uninsured deposits.

**【Q&A Highlights】**
- **Loan Growth**: Expecting low to mid-single-digit growth in 2026, aligned with GDP. Focus on specialty verticals (e.g., SBA, sports finance) for pipeline support.
- **Expenses**: Adjusted efficiency ratio of 59.6% reflects cost discipline. 2026 guidance will balance growth investments (e.g., de novo branches) with operational efficiency.
- **Capital Management**: CET1 ratio of 12.3% provides flexibility for buybacks or M&A. No immediate plans to reduce capital levels.
- **Credit Trends**: Consumer delinquencies due to merger-related administrative issues are improving. Commercial pipeline remains strong, with focus on reducing classified loans.
- **De Novo Strategy**: Columbus and Indianapolis branches will leverage national verticals for deposit and loan growth, with planned openings in summer 2026.

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