Company: NWBI
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001471265-25-000137
Chunk: 0

Company: Northwest Bancshares, Inc.
Filing Date: 2025-08-05
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)

June 30, 2025December 31, 2024Assets  Cash and cash equivalents $267,075 288,378 Marketable securities available-for-sale (amortized cost of $1,341,651 and $1,278,665, respectively)1,194,883 1,108,944 Marketable securities held-to-maturity (fair value of $628,936 and $637,948, respectively)719,561 750,586 Total cash and cash equivalents and marketable securities2,181,519 2,147,908 Loans held-for-sale13,104 76,331 Loans held for investment11,341,824 11,180,014 Allowance for credit losses(129,159)(116,819)Loans receivable, net11,212,665 11,063,195 FHLB stock, at cost17,809 21,006 Accrued interest receivable46,987 46,356 Real estate owned, net48 35 Premises and equipment, net123,402 124,246 Bank-owned life insurance255,708 253,137 Goodwill380,997 380,997 Other intangible assets, net1,897 2,837 Other assets250,971 292,176 Total assets$14,485,107 14,408,224 Liabilities and shareholders’ equity  Liabilities:  Noninterest-bearing demand deposits$2,643,099 2,621,415 Interest-bearing demand deposits2,622,695 2,666,504 Money market deposit accounts2,153,078 2,007,739 Savings deposits2,211,509 2,171,251 Time deposits2,570,648 2,677,645 Total deposits12,201,029 12,144,554 Borrowed funds198,008 200,331 Subordinated debt114,713 114,538 Junior subordinated debentures 129,964 129,834 Advances by borrowers for taxes and insurance47,865 42