Company: NWBI
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0001471265-25-000016
Chunk: 125

Company: Northwest Bancshares, Inc.
Filing Date: 2025-02-25
Form: 10-K
Item: Item 1B
Chunk 125
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. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION

(in thousands, excluding share data) December 31, 20242023Assets  Cash and cash equivalents $288,378 122,260 Marketable securities available-for-sale (amortized cost of $1,278,665 and $1,240,003, respectively)1,108,944 1,043,359 Marketable securities held-to-maturity (fair value of $637,948 and $699,506, respectively)750,586 814,839 Total cash and cash equivalents and marketable securities2,147,908 1,980,458 Loans held-for-sale76,331 8,768 Loans held for investment11,180,014 11,406,041 Allowance for credit losses(116,819)(125,243)Loans receivable, net11,063,195 11,280,798 FHLB stock, at cost21,006 30,146 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