Company: NWBI
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0001471265-25-000016
Chunk: 74

Company: Northwest Bancshares, Inc.
Filing Date: 2025-02-25
Form: 10-K
Item: Item 1B
Chunk 74
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 loans3,163,922 3,401,224 Home equity loans1,144,551 1,222,455 Consumer loans1,970,813 2,097,917 Commercial real estate loans2,801,652 2,918,968 Commercial loans1,982,257 1,640,234 Total loans receivable, net11,063,195 11,280,798 Deposits12,144,554 11,979,902 Borrowed funds200,331 398,895 Subordinated debt114,538 114,189 Shareholders’ equity1,596,856 1,551,317 

 For the years ended December 31, 202420232022 (In thousands except per share data)Selected Consolidated Operating Data:   Total interest income$669,196 587,922 448,798 Total interest expense233,618 152,239 28,117 Net interest income435,578 435,683 420,681 Provision for credit losses24,505 22,874 28,315 Net interest income after provision for credit losses411,073 412,809 392,366 Noninterest income87,010 113,823 110,849 Noninterest expense368,537 351,554 329,523 Income before income taxes129,546 175,078 173,692 Income tax expense29,268 40,121 40,026 Net income$100,278 134,957 133,666 Earnings per share: Basic$0.79 1.06 1.05 Diluted$0.79 1.06 1.05 

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 At or for the year ended December 31, 202420232022Selected Financial Ratios and Other Data:   Return on average assets (1), (5), (6), (7)0.70 %0.95 %0.94 %Return on average equity (2), (5), (6), (7)6.41 %8.94 %8.80 %Average capital to average assets10.87 %10.58 %10.71 %Capital to total assets11.08 %10.76 %10