Company: NWBI
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001471265-25-000161
Chunk: 0

Company: Northwest Bancshares, Inc.
Filing Date: 2025-11-10
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)

September 30, 2025December 31, 2024Assets  Cash and cash equivalents $278,817 288,378 Marketable securities available-for-sale (amortized cost of $1,405,959 and $1,278,665, respectively)1,270,880 1,108,944 Marketable securities held-to-maturity (fair value of $618,633 and $637,948, respectively)702,392 750,586 Total cash and cash equivalents and marketable securities2,252,089 2,147,908 Loans held-for-sale22,297 76,331 Loans held for investment12,940,933 11,180,014 Allowance for credit losses(157,396)(116,819)Loans receivable, net12,783,537 11,063,195 FHLB stock, at cost33,349 21,006 Accrued interest receivable55,549 46,356 Real estate owned, net174 35 Premises and equipment, net139,491 124,246 Bank-owned life insurance303,115 253,137 Goodwill438,402 380,997 Other intangible assets, net47,924 2,837 Other assets305,082 292,176 Total assets$16,381,009 14,408,224 Liabilities and shareholders’ equity  Liabilities:  Noninterest-bearing demand deposits$3,089,963 2,621,415 Interest-bearing demand deposits2,898,350 2,666,504 Money market deposit accounts2,462,979 2,007,739 Savings deposits2,373,413 2,171,251 Time deposits2,871,544 2,677,645 Total deposits13,696,249 12,144,554 Borrowed funds368,241 200,331 Subordinated debt114,800 114,538 Junior subordinated debentures 130,028 129,834 Advances by borrowers for taxes and insurance21,840 42