Company: NWBI
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001471265-25-000137
Chunk: 81

Company: Northwest Bancshares, Inc.
Filing Date: 2025-08-05
Form: 10-Q
Item: Item 2
Chunk 81
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 (FTE) and interest expense during the periods indicated. Information is provided in each category with respect to (i) changes attributable to changes in volume (changes in volume multiplied by prior rate), (ii) changes attributable to changes in rate (changes in rate multiplied by prior volume), and (iii) net change. Changes that cannot be attributed to either rate or volume have been allocated to both rate and volume.

For the six months ended June 30, 2025 vs. 2024 Increase/(decrease) due to Total increase/(decrease)RateVolumeInterest-earning assets:   Loans receivable$20,152 (4,125)16,027 Mortgage-backed securities5,760 754 6,514 Investment securities1,090 (563)527 FHLB stock, at cost(81)(340)(421)Other interest-earning deposits(391)2,857 2,466 Total interest-earning assets26,530 (1,417)25,113 Interest-bearing liabilities:   Savings deposits1,567 413 1,980 Interest-bearing demand deposits1,910 297 2,207 Money market deposit accounts1,165 1,285 2,450 Time deposits(10,154)(2,772)(12,926)Borrowed funds(1,573)(3,545)(5,118)Subordinated debt(7)7 — Junior subordinated debentures(713)9 (704)Total interest-bearing liabilities(7,805)(4,306)(12,111)Net change in net interest income (FTE)$34,335 2,889 37,224 

Provision for Credit Losses 

2Q243Q244Q241Q252Q25Provision for credit losses - loans (in thousands)$2,169 5,727 15,549 8,256 11,456 Provision/(benefit) for credit losses - unfunded commitments (in thousands)(2,539)(852)1,016 (345)(2,712)Annualized net charge-offs to average loans0.07 %0.18 %0.87 %0.08 %0.18 %

The provision for credit losses increased by $9 million from the quarter ended June 30, 2024. This increase included a $9 million increase