Northwest Bancshares (NWBI) Rent Expense (2017 - 2026)
Northwest Bancshares' (NWBI) quarterly Rent Expense came in at $8.5 million in Q2 2026, up 19.26% on a YoY basis from $7.1 million in Q2 2025, and down 13.88% quarter-over-quarter from $9.9 million in Q1 2026.
Analysis
Northwest Bancshares (NWBI) Rent Expense (2017 - 2026) Analysis & Trends
Northwest Bancshares (NWBI) has reported Rent Expense for 10 consecutive years, with $8.5 million the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Rent Expense rose 19.26% year-over-year to $8.5 million; the trailing twelve-month figure through Jun 2026 stood at $34.2 million (up 14.49% YoY), and the FY2025 full-year result was $31.4 million, up 6.55% from the prior year.
- Rent Expense fell to $8.5 million in Q2 2026 per NWBI's latest filing, from $9.9 million in the prior quarter.
- Across five years, Rent Expense topped out at $9.9 million in Q1 2026 and bottomed at $7.0 million in Q4 2023.
- Historically, Rent Expense has averaged $7.7 million across 5 years, with a median of $7.5 million in 2023.
- The sharpest annual moves came in 2022 and 2026: Rent Expense slipped 11.54% in 2022, then increased 19.26% in 2026.
- Over 5 years, Rent Expense stood at $7.4 million in 2022, then decreased by 4.36% to $7.0 million in 2023, then grew by 3.04% to $7.3 million in 2024, then rose by 12.49% to $8.2 million in 2025, then advanced by 3.97% to $8.5 million in 2026.
- According to Business Quant data, Rent Expense over the past three periods registered $8.5 million, $9.9 million, and $8.2 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Rental Exp. (Qtr) |
|---|---|---|---|---|---|
| 1 | Banco Santander Chile | 448.38 Bn | 568.32 Bn | - | - |
| 2 | Truist Financial | 63.10 Bn | 63.10 Bn | - | 171.00 Mn |
| 3 | Fifth Third Bancorp | 49.74 Bn | 26.02 Bn | - | 154.00 Mn |
| 4 | M&T Bank | 34.66 Bn | 34.66 Bn | - | 129.00 Mn |
| 5 | Huntington Bancshares | 34.41 Bn | 29.92 Bn | - | 90.00 Mn |
| 6 | Citizens Financial | 29.91 Bn | 29.91 Bn | - | 108.00 Mn |
| 7 | Regions Financial | 25.92 Bn | 25.99 Bn | - | 73.00 Mn |
| 8 | Keycorp | 23.68 Bn | -24.02 Bn | - | 68.00 Mn |
| 9 | First Citizens Bancshares | 22.94 Bn | 22.41 Bn | 29.00 Mn | 59.00 Mn |
| 10 | Northwest Bancshares | 4.57 Bn | 1.86 Bn | - | 8.49 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 8.49 Mn |
| Mar 31, 2026 | 9.86 Mn |
| Dec 31, 2025 | 8.17 Mn |
| Sep 30, 2025 | 7.71 Mn |
| Jun 30, 2025 | 7.12 Mn |
| Mar 31, 2025 | 8.40 Mn |
| Dec 31, 2024 | 7.26 Mn |
| Sep 30, 2024 | 7.12 Mn |
| Jun 30, 2024 | 7.46 Mn |
| Mar 31, 2024 | 7.63 Mn |
| Dec 31, 2023 | 7.05 Mn |
| Sep 30, 2023 | 7.05 Mn |
| Jun 30, 2023 | 7.58 Mn |
| Mar 31, 2023 | 7.47 Mn |
| Dec 31, 2022 | 7.37 Mn |
| Sep 30, 2022 | 7.17 Mn |
| Jun 30, 2022 | 7.28 Mn |
| Mar 31, 2022 | 7.80 Mn |
| Dec 31, 2021 | 7.10 Mn |
| Sep 30, 2021 | 7.75 Mn |