Company: NWBI
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0001471265-25-000077
Chunk: 0

Company: Northwest Bancshares, Inc.
Filing Date: 2025-05-06
Form: 10-Q
Item: Item 1
Chunk 0
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Table of Contents

Item 1.        FINANCIAL STATEMENTS

NORTHWEST BANCSHARES, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION (Unaudited)

(in thousands, except share data)

March 31, 2025December 31, 2024Assets  Cash and cash equivalents $353,203 288,378 Marketable securities available-for-sale (amortized cost of $1,304,760 and $1,278,665, respectively)1,153,385 1,108,944 Marketable securities held-to-maturity (fair value of $637,803 and $637,948, respectively)735,909 750,586 Total cash and cash equivalents and marketable securities2,242,497 2,147,908 Loans held-for-sale71,206 76,331 Loans held for investment11,216,445 11,180,014 Allowance for credit losses(122,809)(116,819)Loans receivable, net11,093,636 11,063,195 FHLB stock, at cost17,941 21,006 Accrued interest receivable45,949 46,356 Real estate owned, net80 35 Premises and equipment, net123,138 124,246 Bank-owned life insurance254,444 253,137 Goodwill380,997 380,997 Other intangible assets, net2,334 2,837 Other assets221,505 292,176 Total assets$14,453,727 14,408,224 Liabilities and shareholders’ equity  Liabilities:  Noninterest-bearing demand deposits$2,640,943 2,621,415 Interest-bearing demand deposits2,590,568 2,666,504 Money market deposit accounts2,124,293 2,007,739 Savings deposits2,221,901 2,171,251 Time deposits2,596,451 2,677,645 Total deposits12,174,156 12,144,554 Borrowed funds197,270 200,331 Subordinated debt114,625 114,538 Junior subordinated debentures 129,899 129,834 Advances by borrowers for taxes and insurance44,121 42