Company: NWBI
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001471265-25-000137
Chunk: 150

Company: Northwest Bancshares, Inc.
Filing Date: 2025-08-05
Form: 10-Q
Item: Item 8
Chunk 150
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 loan growth resulting from our vehicle loan portfolio and the new commercial lending verticals that we implemented during the prior year. Specifically, our vehicle loans increased by $214 million, or 11%, while our commercial and industrial (C&I) loan portfolio increased by $131 million, or 7% compared to December 31, 2024.

The following table provides the various loan sectors in our commercial real estate portfolio at June 30, 2025:

Property typePercent of portfolio 5 or more unit dwelling13.8 %Retail Building13.2 Nursing Home11.3 Commercial office building - non-owner occupied9.9 Manufacturing & industrial building6.6 Warehouse/storage building4.3 Commercial office building - owner occupied4.1 Multi-use building - commercial, retail and residential3.6 Multi-use building - office and warehouse3.6 Other medical facility3.5 Residential acquisition & development - 1-4 family, townhouses and apartments3.3 Hotel/motel2.3 Single family dwelling2.2 Student housing2.1 Agricultural real estate2.1 Commercial acquisition and development2.0 All other12.1    Total100.0 %

The following table describes the collateral of our commercial real estate portfolio by state at June 30, 2025:

StatePercent of portfolio New York33.7 %Pennsylvania28.0 Ohio19.8 Indiana7.3 All other11.2    Total100.0 %

Total deposits increased by $56 million, to $12.2 billion at June 30, 2025 from $12.1 billion at December 31, 2024. This increase was driven by a $145 million, or 7%, increase in money market accounts and $40 million, or 2%, increase in savings deposits. Partially offsetting these increases was a decrease in time deposits of $107 million, or 4%, driven primarily by a decrease in brokered CDs, and 

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a $44 million, or 2%, decrease in interest demand deposit accounts.  The increase in both money market and saving account balances was partly due to customers shifting funds to these competitively priced products as their time deposits matured. 

As of June 30, 2025, we had $106 million of brokered deposits, which made up 4% of