Company: NWBI
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0001471265-25-000077
Chunk: 60

Company: Northwest Bancshares, Inc.
Filing Date: 2025-05-06
Form: 10-Q
Item: Item 2
Chunk 60
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17, 2025, the Board of Directors declared a cash dividend of $0.20 per share payable on May 20, 2025 to shareholders of record as of May 8, 2025. This represents the 122th consecutive quarter we have paid a cash dividend.

Nonperforming Assets 

The following table sets forth information with respect to nonperforming assets. Nonaccrual loans are those loans on which the accrual of interest has ceased. Generally, when a loan is 90 days past due, we fully reverse all accrued interest thereon and cease to accrue interest thereafter. Exceptions are made for loans that have contractually matured, are in the process of being modified to extend the maturity date and are otherwise current as to principal and interest, and well-secured loans that are in the process of collection. Loans may also be placed on nonaccrual before they reach 90 days past due if conditions exist that call into question our ability to collect all contractual interest. Other nonperforming assets represent property acquired through foreclosure or repossession. Foreclosed property is carried at the lower of its fair value less estimated costs to sell or the principal balance of the related loan.

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March 31, 2025December 31, 2024 (in thousands)Loans 90 days or more past due:  Residential mortgage loans$4,005 4,931 Home equity loans1,893 2,250 Vehicle loans3,212 3,191 Other consumer loans814 776 Commercial real estate loans23,374 7,702 Commercial real estate - owner occupied59 — Commercial loans5,994 7,335 Total loans 90 days or more past due$39,351 26,185 Total real estate owned (REO)$80 35 Total loans 90 days or more past due and REO39,431 26,220 Total loans 90 days or more past due to net loans receivable0.35 %0.23 %Total loans 90 days or more past due and REO to total assets0.27 %0.18 %Nonperforming assets:Nonaccrual loans - loans 90 days or more past due38,747 25,529 Nonaccrual loans - loans less than 90 days past due20,003 35,872 Loans 90 days or more past due still accruing