Company: NWBI
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0001471265-25-000077
Chunk: 48

Company: Northwest Bancshares, Inc.
Filing Date: 2025-05-06
Form: 10-Q
Item: Item 1
Chunk 48
---
 resources. The information reviewed is on a consolidated basis and discrete financial information is not available. The chief operating decision maker uses revenue streams to evaluate product pricing and significant expenses to assess performance and evaluate return on assets. The chief operating decision maker uses consolidated net income through return on average assets and return on average equity and the efficiency ratio, as well as loan growth to benchmark the Company against its competitors. The benchmarking analysis coupled with monitoring of budget to actual results are used in assessment performance and in establishing compensation. Loans, investments, and deposits provide the revenues in the banking operation. Interest expense, provisions for credits losses and payroll provide the significant expenses in the banking operating. All operations are domestic.Accounting policies for segment are the same as those described in Note 1 of the Notes to the Consolidated Financial Statements in Item 8 of Part II of our 2024 Annual Report on Form 10-K. Segment performance is evaluated using consolidated net income. Information reported internally for performance assessment by the chief operating decision maker follows, inclusive of reconciliations of significant segment totals to the financial statements:Banking Segment Quarter ended March 31, 20252024  Interest income$180,595 160,239 Reconciliation of revenueService charges and fees14,987 15,523 Trust and other financial services income7,910 7,127 Other revenue (1)5,458 5,313 Consolidated revenues$208,950 188,202   Less:Interest expense52,777 57,001    Segment net interest income and noninterest income$156,173 131,201 Less:Provision for credit losses 7,911 3,435 Compensation and employee benefits54,540 51,540 Processing expenses13,990 14,725 Premises and occupancy costs8,400 7,627 Professional services2,756 4,065 Office operations2,977 2,767 Federal deposit insurance premiums2,328 3,023 Other segment items (2)6,746 6,277 Income tax expense13,067 8,579 Segment net income/consolidated net income$43,458 29,163 (1)    Other revenues include loan sales, gain on real estate owned, income from bank owned life insurance and other operating income.  (2)    Other segment items include expenses for collections, marketing, amortization of intangibles, merger