Company: NWBI
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001471265-25-000161
Chunk: 174

Company: Northwest Bancshares, Inc.
Filing Date: 2025-11-10
Form: 10-Q
Item: Item 8
Chunk 174
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031 1.99 %9,442,958 154,638 2.19 %Borrowed funds (f)260,392 7,618 3.91 %337,427 11,636 4.61 %Subordinated debentures 114,661 3,631 4.22 %114,310 3,444 4.02 %Junior subordinated debentures129,922 6,327 6.42 %129,662 7,375 7.60 %Total interest-bearing liabilities10,301,058 163,607 2.12 %10,024,357 177,093 2.36 %Noninterest-bearing demand deposits (g)2,721,350 2,581,018  Noninterest-bearing liabilities232,909 245,917  Total liabilities13,255,317   12,851,292   Shareholders’ equity1,688,030 1,554,800   Total liabilities and shareholders’ equity$14,943,347   $14,406,092   Net interest income (FTE)/Interest rate spread (FTE) (d) 385,951 3.14 % 324,035 2.60 %Net interest-earning assets/Net interest margin (FTE)$3,669,913  3.69 %$3,461,766  3.21 %Tax equivalent adjustment (d)2,715 2,654 Net interest income, GAAP basis383,236 321,381 Ratio of interest-earning assets to interest-bearing liabilities1.36X  1.35X  

(a)Average gross loans includes loans held as available-for-sale and loans placed on nonaccrual status.

(b)Interest income includes accretion/amortization of deferred loan fees/expenses, which were not material.

(c)Average balances do not include the effect of unrealized gains or losses on securities held as available-for-sale.

(d)Interest income on tax-free investment securities and tax-free loans are presented on a fully taxable equivalent (“FTE”) basis.  We believe this measure to be the preferred industry measurement of net interest income and provides relevant comparison between taxable and non-taxable amounts.

(e)Average balances include the effect of unrealized gains or losses on securities held as available-for-sale.

(f)Average