Company: NWBI
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0001471265-25-000016
Chunk: 127

Company: Northwest Bancshares, Inc.
Filing Date: 2025-02-25
Form: 10-K
Item: Item 1B
Chunk 127
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,588 7,129 Mortgage banking income2,321 2,431 4,865 Other operating income20,010 11,776 15,307 Total noninterest income87,010 113,823 110,849 Noninterest expense:   Compensation and employee benefits214,455 195,691 188,359 Premises and occupancy costs29,469 29,151 29,618 Office operations12,433 12,955 13,318 Collections expense2,121 1,695 1,808 Processing expenses59,351 58,687 52,496 Marketing expenses8,890 9,444 9,095 Federal deposit insurance premiums11,600 9,271 4,778 Professional services14,883 17,819 14,703 Amortization of intangible assets2,452 3,270 4,277 Real estate owned expense184 456 223 Merger, asset disposition and restructuring expense5,763 6,749 5,617 Other expenses6,936 6,366 5,231 Total noninterest expense368,537 351,554 329,523 Income before income taxes129,546 175,078 173,692 Provision for income taxes:Federal22,337 31,332 30,910 State6,931 8,789 9,116 Total provision for income taxes29,268 40,121 40,026 Net income$100,278 134,957 133,666 Basic earnings per share$0.79 1.06 1.05 Diluted earnings per share$0.79 1.06 1.05 

See accompanying notes to Consolidated Financial Statements.

72

NORTHWEST BANCSHARES, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

(in thousands) Years ended December 31, 202420232022Net income$100,278 134,957 133,666 Other comprehensive income net of tax:Net unrealized holding gains/(losses) on marketable securities:Unrealized holding (losses)/gains, net of tax of $1,193, $(3,429), and $45,321, respectively(6,378)