Company: NWBI
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0001471265-25-000077
Chunk: 104

Company: Northwest Bancshares, Inc.
Filing Date: 2025-05-06
Form: 10-Q
Item: Item 8
Chunk 104
---
 771,944 404,253 348,286 1,112,321 542,032 31,501 4,857,264 Total loans$1,687,058 1,388,204 1,938,511 1,471,128 1,004,890 2,526,942 1,084,758 78,523 11,180,014 For the year ended December 31, 2024, $16 million of revolving loans were converted to term loans.

21

(4)    Goodwill and Other Intangible Assets

 The following table provides information for intangible assets subject to amortization at the dates indicated (in thousands):March 31, 2025December 31, 2024Amortizable intangible assets:  Core deposit intangibles - gross$74,899 74,899 Less: accumulated amortization(72,565)(72,062)Core deposit intangibles - net$2,334 2,837 Total intangible assets - net$2,334 2,837 The following table shows the actual aggregate amortization expense for the quarters ended March 31, 2025 and 2024, as well as the estimated aggregate amortization expense, based upon current levels of intangible assets, for the current fiscal year and each of the succeeding fiscal years until the intangible assets are fully amortized (in thousands):For the quarter ended March 31, 2025$504 For the quarter ended March 31, 2024701 For the year ending December 31, 20251,662 For the year ending December 31, 2026871 For the year ending December 31, 2027304  The following table provides information for the changes in the carrying amount of goodwill (in thousands):TotalBalance at December 31, 2024$380,997 Balance at March 31, 2025$380,997  We performed our annual goodwill impairment test as of June 30, 2024 in accordance with Accounting Standards Codification ("ASC") 350, Intangibles - Goodwill and Other, and concluded that goodwill was not impaired. As of March 31, 2025, there were no events or changes in circumstances that would cause us to update that year’s goodwill impairment test and we concluded there was no impairment of goodwill as of such dates.

(5)