Company: NWBI
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001471265-25-000137
Chunk: 168

Company: Northwest Bancshares, Inc.
Filing Date: 2025-08-05
Form: 10-Q
Item: Item 8
Chunk 168
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 as available-for-sale.

(d)Interest income on tax-free investment securities and tax-free loans are presented on a fully taxable equivalent (“FTE”) basis.  We believe this measure to be the preferred industry measurement of net interest income and provides relevant comparison between taxable and non-taxable amounts.

(e)Average balances include the effect of unrealized gains or losses on securities held as available-for-sale.

(f)Average balances include FHLB borrowings and collateralized borrowings.

(g)Average cost of deposits were 1.57% and 1.69%, respectively.  

(h)Annualized.

55

Table of Contents

Rate/Volume Analysis

(in thousands)

The following table represents the extent to which changes in interest rates and changes in the volume of interest-earning assets and interest-bearing liabilities have affected interest income (FTE) and interest expense during the periods indicated. Information is provided in each category with respect to (i) changes attributable to changes in volume (changes in volume multiplied by prior rate), (ii) changes attributable to changes in rate (changes in rate multiplied by prior volume), and (iii) net change. Changes that cannot be attributed to either rate or volume have been allocated to both rate and volume.

For the six months ended June 30, 2025 vs. 2024 Increase/(decrease) due to Total increase/(decrease)RateVolumeInterest-earning assets:   Loans receivable$20,152 (4,125)16,027 Mortgage-backed securities5,760 754 6,514 Investment securities1,090 (563)527 FHLB stock, at cost(81)(340)(421)Other interest-earning deposits(391)2,857 2,466 Total interest-earning assets26,530 (1,417)25,113 Interest-bearing liabilities:   Savings deposits1,567 413 1,980 Interest-bearing demand deposits1,910 297 2,207 Money market deposit accounts1,165 1,285 2,450 Time deposits(10,154)(2,772)(12,926)Borrowed funds(1,573)(3,545)(5,118)Subordinated debt(7)7 — Junior subordinated debentures(713)9 (704)Total interest-bearing liabilities(7,805)(4,306)(12,111)Net change in net interest