Company: NWBI
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001471265-25-000137
Chunk: 1

Company: Northwest Bancshares, Inc.
Filing Date: 2025-08-05
Form: 10-Q
Item: Item 1
Chunk 1
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,042 Accrued interest payable7,729 6,935 Other liabilities143,731 173,134 Total liabilities12,843,039 12,811,368 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, 127,842,403 and 127,508,003 shares                                      issued and outstanding, respectively1,278 1,275 Additional paid-in capital1,037,615 1,033,385 Retained earnings699,049 673,110 Accumulated other comprehensive loss(95,874)(110,914)Total shareholders’ equity1,642,068 1,596,856 Total liabilities and shareholders’ equity$14,485,107 14,408,224 

See accompanying notes to unaudited Consolidated Financial Statements.

1

Table of Contents

NORTHWEST BANCSHARES, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF INCOME (Unaudited)

(in thousands, except share data) 

Quarter ended June 30,Six months ended June 30, 2025202420252024Interest income:    Loans receivable$154,914 153,954 319,552 303,525 Mortgage-backed securities12,154 9,426 23,884 17,370 Taxable investment securities999 728 1,932 1,522 Tax-free investment securities512 457 1,024 948 FHLB stock dividends318 498 684 1,105 Interest-earning deposits2,673 1,791 5,089 2,623 Total interest income171,570 166,854 352,165 327,093 Interest expense:    Deposits46,826 52,754 94,151 100,440 Borrowed funds5,300 7,259 10,752 16,574 Total interest expense52,126 60,013 104,903 117,014 Net interest income119,444 106,841 247,262 210,079 Provision for credit losses - loans11,456 2,169 19,712 6,403