Company: NWBI
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001471265-25-000161
Chunk: 80

Company: Northwest Bancshares, Inc.
Filing Date: 2025-11-10
Form: 10-Q
Item: Item 2
Chunk 80
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677 2,266 4.09 %Subordinated debentures114,745 1,335 4.65 %114,396 1,148 4.01 %Junior subordinated debentures129,986 2,123 6.39 %129,727 2,467 7.56 %Total interest-bearing liabilities10,928,868 58,704 2.13 %9,981,836 60,079 2.39 %Noninterest-bearing demand deposits (g)2,959,871 2,579,775 Noninterest-bearing liabilities244,306 217,161 Total liabilities14,133,045   12,778,772  Shareholders’ equity1,809,395 1,572,897  Total liabilities and shareholders’ equity$15,942,440   $14,351,669   Net interest income (FTE)/Interest rate spread (FTE) (d) 136,944 3.09 % 112,216 2.72 %Net interest-earning assets/Net interest margin (FTE)$3,946,122  3.65 %$3,435,240  3.33 %Tax equivalent adjustment (d)970 914 Net interest income, GAAP basis135,974 111,302 Ratio of interest-earning assets to interest-                                                                  bearing liabilities1.36X  1.34X  

(a)Average gross loans includes loans held as available-for-sale and loans placed on nonaccrual status.

(b)Interest income includes accretion/amortization of deferred loan fees/expenses, which were not material.

(c)Average balances do not include the effect of unrealized gains or losses on securities held as available-for-sale.

(d)Interest income on tax-free investment securities and tax-free loans are presented on a FTE basis.  We believe this measure to be the preferred industry measurement of net interest income and provides relevant comparison between taxable and non-taxable amounts.

(e)Average balances include the effect of unrealized gains or losses on securities held as available-for-sale.

(f)Average balances include FHLB borrowings and collateralized borrowings.

(g)Average cost of deposits were 1.55% and 1.78%, respectively.

(h)Annualized.

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Rate/Volume Analysis

(in thousands)

The