Company: NWBI
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0001471265-25-000016
Chunk: 302

Company: Northwest Bancshares, Inc.
Filing Date: 2025-02-25
Form: 10-K
Item: Item 8
Chunk 302
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 dividends1,891 2,868 730 Interest-earning deposits6,487 2,901 3,599 Total interest income669,196 587,922 448,798 Interest expense:   Deposits205,492 105,343 14,120 Borrowed funds28,126 46,896 13,997 Total interest expense233,618 152,239 28,117 Net interest income435,578 435,683 420,681 Provision for credit losses - loans27,679 18,664 17,860 Provision for credit losses - unfunded commitments(3,174)4,210 10,455 Net interest income after provision for credit losses411,073 412,809 392,366 Noninterest income:  Loss on sale of investments(39,413)(8,307)(8)Gain on sale of mortgage servicing rights— 8,305 — Gain on sale of SBA loans3,819 1,800 — Gain on sale of loans— 726 — Service charges and fees62,957 59,214 55,188 Trust and other financial services income30,102 27,284 27,765 Gain on real estate owned, net887 2,006 603 Income from bank-owned life insurance6,327 8,588 7,129 Mortgage banking income2,321 2,431 4,865 Other operating income20,010 11,776 15,307 Total noninterest income87,010 113,823 110,849 Noninterest expense:   Compensation and employee benefits214,455 195,691 188,359 Premises and occupancy costs29,469 29,151 29,618 Office operations12,433 12,955 13,318 Collections expense2,121 1,695 1,808 Processing expenses59,351 58,687 52,496 Marketing expenses8,890 9,444 9,095 Federal deposit insurance premiums11,600 9,271 4,778 Professional services14,883 17,819 14,703 Amortization of intangible assets2,452 3,270 4,277 Real estate owned expense184 456 223 Merger, asset disposition and restructuring expense