Company: NWBI
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0001471265-25-000016
Chunk: 248

Company: Northwest Bancshares, Inc.
Filing Date: 2025-02-25
Form: 10-K
Item: Item 7
Chunk 248
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28 million for the year ended December 31, 2022. 

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Table of Contents

Selected Financial and Other Data

The summary financial information presented below is derived in part from the Company’s Consolidated Financial Statements. The following is only a summary and should be read in conjunction with the Consolidated Financial Statements and notes included elsewhere in this document. The information at December 31, 2024 and 2023 and for the years ended December 31, 2024, 2023 and 2022 is derived in part from the audited Consolidated Financial Statements that appear in this document.

 At December 31, 20242023 (In thousands)Selected Consolidated Financial Data:  Total assets$14,408,224 14,419,105 Cash and cash equivalents288,378 122,260 Marketable securities held-to-maturity124,462 124,458 Marketable securities available-for-sale120,237 182,068 Mortgage-backed securities held-to-maturity626,124 690,381 Mortgage-backed securities available-for-sale988,707 861,291 Loans held-for-sale76,331 8,768 Loans receivable, net of allowance for credit losses:Residential mortgage 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