Company: NWBI
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001471265-25-000137
Chunk: 55

Company: Northwest Bancshares, Inc.
Filing Date: 2025-08-05
Form: 10-Q
Item: Item 1
Chunk 55
---
 the efficiency ratio, as well as loan growth to benchmark the Company against its competitors. The benchmarking analysis coupled with monitoring of budget to actual results are used in assessment performance and in establishing compensation. Loans, investments, and deposits provide the revenues in the banking operation. Interest expense, provisions for credits losses and payroll provide the significant expenses in the banking operating. All operations are domestic.Accounting policies for segment are the same as those described in Note 1 of the Notes to the Consolidated Financial Statements in Item 8 of Part II of our 2024 Annual Report on Form 10-K. Segment performance is evaluated using consolidated net income. Information reported internally for performance assessment by the chief operating decision maker follows, inclusive of reconciliations of significant segment totals to the financial statements:Banking Segment Quarter ended June 30,Six months ended June 30, 2025202420252024  Interest income$171,570 166,854 352,165 327,093 Reconciliation of revenueService charges and fees15,797 15,527 30,784 31,050 Trust and other financial services income7,948 7,566 15,858 14,693 Loss on sale of investments— (39,413)— (39,413)Other revenue (1)7,193 7,471 12,651 12,784 Consolidated revenues$202,508 158,005 411,458 346,207   Less:Interest expense52,126 60,013 104,903 117,014    Segment net interest income and noninterest income$150,382 97,992 306,555 229,193 Less:Provision for credit losses 8,744 (370)16,655 3,065 Compensation and employee benefits55,213 53,531 109,753 105,071 Processing expenses12,973 14,695 26,963 29,420 Premises and occupancy costs7,122 7,464 15,522 15,091 Professional services3,990 3,728 6,746 7,793 Office operations2,910 3,819 5,887 6,586 Federal deposit insurance premiums2,296 2,865 4,624 5,888 Other segment items (2)13,036 6,318 19,782