Company: NWBI
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0001471265-25-000016
Chunk: 353

Company: Northwest Bancshares, Inc.
Filing Date: 2025-02-25
Form: 10-K
Item: Item 8
Chunk 353
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 improvements$22,072 23,905 Office buildings and improvements124,797 140,443 Furniture, fixtures and equipment137,404 133,513 Leasehold improvements26,984 23,547 Total, at cost311,257 321,408 Less accumulated depreciation and amortization(187,011)(182,570)Premises and equipment, net$124,246 138,838      Depreciation and amortization expense for the years ended December 31, 2024, 2023, and 2022 was $11 million, $12 million, and $12 million, respectively.

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Table of ContentsNORTHWEST BANCSHARES, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTSDecember 31, 2024, 2023 and 2022

(9)    Goodwill and Other Intangible Assets

 The following table provides information for intangible assets subject to amortization for the years ended December 31, 2024 and 2023:  December 31, 20242023Amortizable intangible assets:  Core deposit intangibles - gross$74,899 74,899 Less: accumulated amortization(72,062)(69,609)Core deposit intangibles - net$2,837 5,290 Total intangible assets - net$2,837 5,290  The following information shows the actual aggregate amortization expense for the years ended December 31, 2024, 2023 and 2022 as well as the estimated aggregate amortization expense, based upon current levels of intangible assets, for each of the five succeeding fiscal years:For the year ended December 31, 2022$4,277 For the year ended December 31, 20233,270 For the year ended December 31, 20242,452 For the year ending December 31, 20251,662 For the year ending December 31, 2026871 For the year ending December 31, 2027304  The following table provides information for the changes in the carrying amount of goodwill:TotalBalance at December 31, 2023$380,997 Balance at December 31, 2024$380,997  

We performed our annual goodwill impairment test as of June 30,