Company: NWBI
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001471265-25-000137
Chunk: 50

Company: Northwest Bancshares, Inc.
Filing Date: 2025-08-05
Form: 10-Q
Item: Item 1
Chunk 50
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 contract with the financial institution. These risk participation agreements are recorded within other liabilities on the Consolidated Statement of Financial Condition at their estimated fair value. Changes to the fair value of the risk participation agreements are included in other operating income in the Consolidated Statement of Income.    

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Table of Contents

The following table presents information regarding our derivative financial instruments at the dates indicated (in thousands):Asset derivativesLiability derivativesNotional amountFair valueNotional amountFair valueAt June 30, 2025Derivatives designated as hedging instruments:Interest rate swap agreements$50,000 210 125,000 1,248 Derivatives not designated as hedging instruments:Interest rate swap agreements942,982 31,257 942,982 31,259 Foreign exchange swap agreements— — 2,738 262 Interest rate lock commitments39,840 933 — — Forward commitments5,302 210 — — Risk participation agreements— — 138,388 38 Total Derivatives$1,038,124 32,610 1,209,108 32,807 At December 31, 2024Derivatives designated as hedging instruments:Interest rate swap agreements$125,000 1,529 50,000 32 Derivatives not designated as hedging instruments: Interest rate swap agreements 780,177 37,697 780,177 37,767 Foreign exchange swap agreements5,724 199 2,690 4 Interest rate lock commitments17,426 342 — — Forward commitments1,509 34 — — Risk participation agreements— — 129,439 16 Total derivatives $929,836 39,801 962,306 37,819 The following table presents income or expense recognized on derivatives for the periods indicated (in thousands):For the quarter ended June 30,For the six months ended June 30,2025202420252024Hedging derivatives:Decrease in interest expense$293 734 587 1,467 Non-hedging swap derivatives:(Decrease)/increase in other income(231)(112)(612)175 Increase in mortgage banking income627 323 789 208 The following table presents information regarding our derivative financial instruments designated as hedging for the quarter ended June 30, 2025 (dollars in thousands):Notional amountEffective