Estados financieros detallados de Northwest Bancshares, Inc. (NWBI): cuenta de resultados, balance general y flujo de caja. Sigue la evolución de márgenes, deuda, liquidez y rentabilidad año a año con hasta 20 años de histórico.
Resumen del Análisis
Northwest Bancshares, Inc. registró ingresos de $877.0M en el último ejercicio fiscal, con un CAGR de 5 años del 9.3%. El beneficio neto alcanzó $126.0M, con un CAGR a 5 años del 11.0%.
Márgenes de los últimos 12 meses: margen bruto 66.3%, margen operativo 15.9%, margen neto 18.1%. El flujo de caja libre creció a un CAGR del 2.0% en 5 años.
Al precio actual de $15.45, NWBI cotiza a un P/E de 14.84 y un ROE del 8.07%. La capitalización bursátil es de $2.3B.
Cuenta de Resultados (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ingresos | $428.6M | $466.5M | $465.3M | $514.2M | $563.1M | $534.1M | $557.8M | $700.0M | $754.1M | $877.0M |
| Coste de Ventas | $51.8M | $47.8M | $57.5M | $79.6M | $126.3M | $11.5M | $56.4M | $175.1M | $258.1M | $277.9M |
| Beneficio Bruto | $376.7M | $418.7M | $407.8M | $434.7M | $436.7M | $522.7M | $501.4M | $524.9M | $496.0M | $599.1M |
| I+D | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Generales y Administrativos | $170.7M | $181.8M | $177.7M | $184.9M | $206.6M | $207.1M | $202.2M | $214.4M | $234.9M | $262.7M |
| Gastos Operativos | $305.4M | $282.8M | $273.9M | $293.5M | $344.2M | $320.4M | $327.7M | $349.9M | $366.4M | $434.4M |
| Beneficio Operativo | $71.3M | $135.9M | $133.9M | $141.1M | $92.5M | $201.1M | $173.7M | $175.1M | $129.5M | $164.8M |
| EBITDA | $86.7M | $150.2M | $142.0M | $144.9M | $97.3M | $207.8M | $180.1M | $199.6M | $150.9M | $164.9M |
| Gastos por Intereses | $38.3M | $28.1M | $37.1M | $56.9M | $42.3M | $27.2M | $28.1M | $152.2M | $233.6M | $224.3M |
| Beneficio Antes de Impuestos | $71.3M | $135.9M | $133.9M | $141.1M | $92.5M | $201.1M | $173.7M | $175.1M | $129.5M | $164.8M |
| Impuestos | $21.6M | $41.4M | $28.4M | $30.7M | $17.7M | $46.8M | $40.0M | $40.1M | $29.3M | $38.8M |
| Beneficio Neto | $49.7M | $94.5M | $105.5M | $110.4M | $74.9M | $154.3M | $133.7M | $135.0M | $100.3M | $126.0M |
| BPA | $0.50 | $0.94 | $1.03 | $1.05 | $0.62 | $1.22 | $1.05 | $1.06 | $0.79 | $0.93 |
| BPA Diluido | $0.49 | $0.92 | $1.02 | $1.04 | $0.62 | $1.21 | $1.05 | $1.06 | $0.79 | $0.92 |
| Acciones en Circulación (Diluidas) | $100.7M | $102.6M | $103.6M | $105.8M | $120.2M | $127.0M | $126.7M | $127.0M | $126.9M | $146.7M |
Balance (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Caja y Equivalentes | $389.9M | $77.7M | $68.8M | $60.8M | $736.3M | $1.28B | $139.4M | $122.3M | $288.4M | $233.6M |
| Inversiones a Corto | $826.2M | $792.5M | $801.5M | $819.9M | $1.40B | $1.55B | $1.22B | $1.04B | $1.11B | $1.59B |
| Cuentas por Cobrar | $21.7M | $23.4M | $24.5M | $25.8M | $35.6M | $25.6M | $35.5M | $47.4M | $46.4M | $56.3M |
| Inventario | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Activos Corrientes | $1.24B | $893.6M | $894.7M | $906.5M | $2.17B | $2.85B | $1.39B | $1.21B | $1.44B | $1.88B |
| Inmovilizado Material | $161.2M | $151.9M | $143.4M | $147.4M | $161.5M | $156.5M | $145.9M | $138.8M | $124.2M | $140.4M |
| Fondo de Comercio | $307.4M | $307.4M | $307.4M | $346.1M | $382.3M | $381.0M | $381.0M | $381.0M | $381.0M | $444.3M |
| Activos Intangibles | $32.4M | $25.7M | $19.8M | $23.1M | $19.9M | $12.8M | $8.6M | $5.3M | $2.8M | $39.7M |
| Activos Totales | $9.62B | $9.36B | $9.61B | $10.49B | $13.81B | $14.50B | $14.11B | $14.42B | $14.41B | $16.77B |
| Cuentas por Pagar | $635000 | $460000 | $744000 | $1.1M | $2.1M | $1.8M | $3.2M | $13.7M | $6.9M | $6.8M |
| Deuda a Corto | $142.9M | $108.2M | $234.4M | $92.7M | $137.7M | $139.1M | $681.2M | $398.9M | $200.3M | 0 |
| Pasivos Corrientes | $8.03B | $7.94B | $8.13B | $8.69B | $11.74B | $12.44B | $12.15B | $12.39B | $12.35B | $13.94B |
| Deuda a Largo | $111.2M | $111.2M | $111.2M | $275.4M | $274.2M | $252.6M | $243.2M | $243.8M | $244.4M | $446.3M |
| Pasivos Totales | $8.45B | $8.16B | $8.35B | $9.14B | $12.27B | $12.92B | $12.62B | $12.87B | $12.81B | $14.88B |
| Reservas | $478.8M | $508.1M | $550.4M | $583.4M | $555.5M | $609.5M | $641.7M | $674.7M | $673.1M | $689.2M |
| Patrimonio Neto | $1.17B | $1.21B | $1.26B | $1.35B | $1.54B | $1.58B | $1.49B | $1.55B | $1.60B | $1.89B |
| Deuda Total | $254.1M | $219.5M | $345.6M | $368.1M | $411.8M | $391.7M | $924.3M | $642.7M | $444.7M | $446.3M |
| Deuda Neta | -$962.0M | -$650.8M | -$524.6M | -$512.6M | -$1.72B | -$2.44B | -$433.2M | -$523.0M | -$952.6M | -$1.37B |
| Capital Circulante | -$6.79B | -$7.04B | -$7.23B | -$7.78B | -$9.57B | -$9.59B | -$10.76B | -$11.18B | -$10.91B | -$12.07B |
Flujo de Caja (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Beneficio Neto | $49.7M | $94.5M | $105.5M | $110.4M | $74.9M | $154.3M | $133.7M | $135.0M | $100.3M | $126.0M |
| Amortizaciones | $15.4M | $14.3M | $8.1M | $3.8M | $4.7M | $6.6M | $6.4M | $24.5M | $21.3M | $136000 |
| Compensación en Acciones | $10.9M | $4.9M | $7.0M | $6.8M | $4.2M | $4.7M | $4.1M | $4.6M | $6.1M | $6.1M |
| Cambio en Capital Circulante | $29.6M | $14.6M | -$7.6M | -$12.1M | $30.9M | $26.2M | -$14.0M | -$96.0M | $6.0M | -$18.6M |
| Flujo de Caja Operativo | $135.7M | $151.8M | $138.9M | $127.5M | $140.4M | $205.5M | $175.4M | $92.9M | $127.7M | $153.4M |
| Inversiones (CapEx) | -$15.2M | -$3.7M | -$5.2M | -$10.9M | -$12.3M | -$17.5M | -$4.3M | -$8.6M | -$2.3M | -$11.6M |
| Adquisiciones | $1.10B | 0 | 0 | -$28.8M | $261.7M | $28.2M | 0 | 0 | 0 | $30.9M |
| Recompra de Acciones | -$1.8M | 0 | 0 | 0 | -$9.3M | -$23.9M | 0 | 0 | 0 | 0 |
| Dividendos Pagados | -$60.2M | -$65.2M | -$69.9M | -$76.2M | -$93.1M | -$100.3M | -$101.5M | -$101.7M | -$101.9M | -$109.9M |
| Flujo de Caja Libre | $120.5M | $148.1M | $133.7M | $116.6M | $128.2M | $187.9M | $171.1M | $84.3M | $125.4M | $141.8M |
Crecimiento y Márgenes (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Crecimiento Ingresos (anual) | +8.8% | -0.3% | +10.5% | +9.5% | -5.1% | +4.4% | +25.5% | +7.7% | +16.3% | |
| Crecimiento Beneficio Neto (anual) | +90.2% | +11.7% | +4.7% | -32.2% | +106.2% | -13.4% | +1.0% | -25.7% | +25.7% | |
| Crecimiento BPA (anual) | +88.0% | +9.6% | +1.9% | -41.0% | +96.8% | -13.9% | +1.0% | -25.5% | +17.7% | |
| Cambio en Acciones (anual) | +1.9% | +1.0% | +2.2% | +13.6% | +5.6% | -0.2% | +0.2% | -0.0% | +15.6% | |
| Crecimiento FCF (anual) | +22.9% | -9.7% | -12.8% | +10.0% | +46.6% | -9.0% | -50.7% | +48.7% | +13.1% | |
| Margen Bruto | 87.9% | 89.7% | 87.6% | 84.5% | 77.6% | 97.9% | 89.9% | 75.0% | 65.8% | 68.3% |
| Margen Operativo | 16.6% | 29.1% | 28.8% | 27.4% | 16.4% | 37.7% | 31.1% | 25.0% | 17.2% | 18.8% |
| Margen EBITDA | 20.2% | 32.2% | 30.5% | 28.2% | 17.3% | 38.9% | 32.3% | 28.5% | 20.0% | 18.8% |
| Margen Neto | 11.6% | 20.3% | 22.7% | 21.5% | 13.3% | 28.9% | 24.0% | 19.3% | 13.3% | 14.4% |
| Margen FCF | 28.1% | 31.7% | 28.7% | 22.7% | 22.8% | 35.2% | 30.7% | 12.0% | 16.6% | 16.2% |
| Tasa Impositiva Efectiva | 30.4% | 30.5% | 21.2% | 21.7% | 19.1% | 23.3% | 23.0% | 22.9% | 22.6% | 23.5% |
Datos por Acción (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| FCF por Acción | $1.20 | $1.44 | $1.29 | $1.10 | $1.07 | $1.48 | $1.35 | $0.66 | $0.99 | $0.97 |
| Dividendo por Acción | $0.60 | $0.64 | $0.68 | $0.72 | $0.77 | $0.79 | $0.80 | $0.80 | $0.80 | $0.75 |
| Acciones en Circulación (Básicas) | $99.4M | $101.0M | $102.1M | $104.9M | $120.2M | $126.2M | $126.7M | $127.0M | $126.9M | $146.7M |
Qué mirar en empresas de Financial Services
- Efficiency Ratio (≤55%) — Gastos operativos / ingresos. Bancos top por debajo del 55%.
- ROA (≥1%) — Cuánto ganan por cada euro de activos. En banca el ROE engaña por el apalancamiento.
- ROTCE (≥12%) — Rentabilidad sobre Capital Tangible. Descuenta goodwill e intangibles.
- Capital / Activos (proxy Tier 1) (≥8%) — Proxy del ratio de capital. FMP no expone Tier 1 regulatorio directo.
- P/B (1,0-1,5x) — Métrica clásica bancaria. <1x puede ser oportunidad o distress.
- Rentabilidad por dividendo sostenible (≥2%, <8%) — Bancos UE pagan 5-7% sin estrés. >8% es señal de distress.
Rentabilidad
| Rentabilidad sobre capital | 8.07% |
| Rentabilidad sobre capital invertido | 0.59% |
| Rentabilidad sobre activos | 0.89% |
| Margen bruto | 66.26% |
| Margen operativo | 15.93% |
| Margen neto | 18.13% |
Salud financiera
| Deuda / Patrimonio | 0.44 |
| Ratio corriente | 0.93 |
| Piotroski F-Score | 7 |
| Altman Z-Score | -0.65 |
Ratios Clave (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| P/E | 36.06 | 17.80 | 16.45 | 15.84 | 20.55 | 11.61 | 13.31 | 11.77 | 16.70 | 12.90 |
| P/VC | 1.53 | 1.40 | 1.37 | 1.29 | 1.00 | 1.13 | 1.19 | 1.02 | 1.05 | 0.93 |
| P/V | 4.18 | 3.62 | 3.72 | 3.39 | 2.72 | 3.35 | 3.18 | 2.26 | 2.22 | 2.01 |
| Margen Bruto | 87.9% | 89.7% | 87.6% | 84.5% | 77.6% | 97.9% | 89.9% | 75.0% | 65.8% | 68.3% |
| Margen Operativo | 16.6% | 29.1% | 28.8% | 27.4% | 16.4% | 37.7% | 31.1% | 25.0% | 17.2% | 18.8% |
| Margen Neto | 11.6% | 20.3% | 22.7% | 21.5% | 13.3% | 28.9% | 24.0% | 19.3% | 13.3% | 14.4% |
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Explorar sector: Financial Services · Banks - Regional
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