Company: NWBI
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0001471265-25-000016
Chunk: 94

Company: Northwest Bancshares, Inc.
Filing Date: 2025-02-25
Form: 10-K
Item: Item 1B
Chunk 94
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117,625 4,750 4.04 %Junior subordinated debentures129,695 9,652 7.32 %129,434 9,401 7.14 %129,175 4,716 3.60 %Total interest-bearing liabilities9,995,141 233,618 2.34 %9,736,435 152,239 1.56 %9,380,786 28,117 0.30 %Noninterest-bearing demand deposits (8)2,582,540 2,785,279  3,070,892   Noninterest-bearing liabilities244,036 237,810  207,316   Total liabilities12,821,717   12,759,524   12,658,994   Shareholders’ equity1,563,454 1,510,285   1,518,704   Total liabilities and shareholders’ equity$14,385,171   $14,269,809   $14,177,698   Net interest income 439,082  438,864  423,469 Net interest rate spread (9)   2.66 %  2.86 %  3.11 %Net interest-earning assets/net interest margin (10)$3,467,382  3.26 %$3,638,959  3.28 %$3,872,832  3.20 %Tax equivalent adjustment3,504 3,181 2,788 Net interest income, GAAP basis435,578 435,683 420,681 Ratio of average interest-earning assets to average interest-bearing liabilities1.35X  1.37X  1.41X  

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

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

(3)    Interest income on tax-free loans is presented on a FTE basis including adjustments, as indicated.

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

(5)    Interest income on tax-free investment securities is presented on a FTE basis