Company: NWBI
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001471265-25-000161
Chunk: 84

Company: Northwest Bancshares, Inc.
Filing Date: 2025-11-10
Form: 10-Q
Item: Item 2
Chunk 84
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/amortization of deferred loan fees/expenses, which were not material.

(c)Average balances do not include the effect of unrealized gains or losses on securities held as available-for-sale.

(d)Interest income on tax-free investment securities and tax-free loans are presented on a fully taxable equivalent (“FTE”) basis.  We believe this measure to be the preferred industry measurement of net interest income and provides relevant comparison between taxable and non-taxable amounts.

(e)Average balances include the effect of unrealized gains or losses on securities held as available-for-sale.

(f)Average balances include FHLB borrowings and collateralized borrowings.

(g)Average cost of deposits were 1.56% and 1.72%, respectively.  

(h)Annualized.

59

Table of Contents

Rate/Volume Analysis

(in thousands)

The following table represents the extent to which changes in interest rates and changes in the volume of interest-earning assets and interest-bearing liabilities have affected interest income (FTE) and interest expense during the periods indicated. Information is provided in each category with respect to (i) changes attributable to changes in volume (changes in volume multiplied by prior rate), (ii) changes attributable to changes in rate (changes in rate multiplied by prior volume), and (iii) net change. Changes that cannot be attributed to either rate or volume have been allocated to both rate and volume.

For the nine months ended September 30, 2025 vs. 2024 Increase/(decrease) due to Total increase/(decrease)RateVolumeInterest-earning assets:   Loans receivable$21,995 15,301 37,296 Mortgage-backed securities7,000 1,274 8,274 Investment securities1,508 (339)1,169 FHLB stock, at cost18 (181)(163)Other interest-earning deposits(875)2,729 1,854 Total interest-earning assets29,646 18,784 48,430 Interest-bearing liabilities:   Savings deposits1,011 969 1,980 Interest-bearing demand deposits2,096 916 3,012 Money market deposit accounts1,738 3,326 5,064 Time deposits(15,823)(2,840)(18,663)Borrowed funds(1,764)(2,254)(4,018)Subordinated debt176 11 187 Junior sub