Company: NWBI
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0001471265-25-000016
Chunk: 212

Company: Northwest Bancshares, Inc.
Filing Date: 2025-02-25
Form: 10-K
Item: Item 1B
Chunk 212
---
745 559,647    Less:Interest expense233,618 152,239 28,117    Segment net interest income and noninterest income$522,588 549,506 531,530 Less:Provision for credit losses 24,505 22,874 28,315 Compensation and employee benefits214,455 195,691 188,359 Processing expenses59,351 58,687 52,496 Premises and occupancy costs29,469 29,151 29,618 Professional services14,883 17,819 14,703 Office operations12,433 12,955 13,318 Federal deposit insurance premiums11,600 9,271 4,778 Other segment items (2)26,346 27,980 26,251 Income tax expense29,268 40,121 40,026 Segment net income/consolidated net income$100,278 134,957 133,666 (1)    Other revenues include loan sales, gain on real estate owned, income from bank owned life insurance and other operating income.  (2)    Other segment items include expenses for collections, marketing, amortization of intangibles, real estate owned, merger, asset disposition and restructuring and other operating expense. Banking Segment Years ended December 31, 202420232022   Other segment disclosuresInterest income$669,196 587,922 448,798 Interest expense233,618 152,239 28,117 Depreciation 11,259 11,492 11,602 Amortization2,452 3,270 4,277 Other significant noncash items:Provision for credit losses24,505 22,874 28,315 Segment assets14,408,224 14,419,105 14,113,324 Expenditures for segment assets4,618 2,275 5,863 

127

Table of ContentsNORTHWEST BANCSHARES, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTSDecember 31, 2024, 2023 and 2022

(22)                          Parent Company Only Financial Statements - Condensed

 Statements of Financial Condition December 31, 20242023Assets  Cash and cash equivalents$238