Company: NWBI
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0001471265-25-000016
Chunk: 301

Company: Northwest Bancshares, Inc.
Filing Date: 2025-02-25
Form: 10-K
Item: Item 8
Chunk 301
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146 Accrued interest receivable46,356 47,353 Real estate owned, net35 104 Premises and equipment, net124,246 138,838 Bank-owned life insurance253,137 251,895 Goodwill380,997 380,997 Other intangible assets, net2,837 5,290 Other assets292,176 294,458 Total assets$14,408,224 14,419,105 Liabilities and shareholders’ equity  Liabilities:  Deposits$12,144,554 11,979,902 Borrowed funds200,331 398,895 Subordinated debt114,538 114,189 Junior subordinated debentures129,834 129,574 Advances by borrowers for taxes and insurance42,042 45,253 Accrued interest payable6,935 13,669 Other liabilities173,134 186,306 Total liabilities12,811,368 12,867,788 Shareholders’ equity:  Preferred stock, $0.01 par value: 50,000,000 authorized, no shares issued— — Common stock, $0.01 par value: 500,000,000 shares authorized, 127,508,003 and 127,110,453 shares                                           issued and outstanding, respectively1,275 1,271 Additional paid-in capital1,033,385 1,024,852 Retained earnings673,110 674,686 Accumulated other comprehensive loss(110,914)(149,492)Total shareholders’ equity1,596,856 1,551,317 Total liabilities and shareholders’ equity$14,408,224 14,419,105 

See accompanying notes to Consolidated Financial Statements.

71

NORTHWEST BANCSHARES, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF INCOME

(in thousands, excluding share data) Years ended December 31, 202420232022Interest income:   Loans receivable$615,776 543,659 407,828 Mortgage-backed securities39,793 32,886 30,804 Taxable investment securities3,274 3,258 3,070 Tax-free investment securities1,975 2,350 2,767 FHLB stock