Company: NWBI
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0001471265-25-000016
Chunk: 387

Company: Northwest Bancshares, Inc.
Filing Date: 2025-02-25
Form: 10-K
Item: Item 8
Chunk 387
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 financial information is not available. The chief operating decision maker uses revenue streams to evaluate product pricing and significant expenses to assess performance and evaluate return on assets. The chief operating decision maker uses consolidated net income through return on average assets and return on average equity and 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. 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 Years ended December 31, 202420232022   Interest income$669,196 587,922 448,798 Reconciliation of revenueService charges and fees62,957 59,214 55,188 Trust and other financial services income30,102 27,284 27,765 Loss on sale of investments(39,413)(8,307)(8)Other revenue (1)33,364 35,632 27,904 Consolidated revenues$756,206 701,745 559,647    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