Company: NWBI
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001471265-25-000137
Chunk: 144

Company: Northwest Bancshares, Inc.
Filing Date: 2025-08-05
Form: 10-Q
Item: Item 8
Chunk 144
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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 12,595 Income tax expense10,423 1,195 23,490 9,774 Segment net income/consolidated net income$33,675 4,747 77,133 33,910 (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, merger, asset disposition and restructuring and other operating expense. 

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Table of Contents

Banking Segment Quarter ended June 30,Six months ended June 30, 2025202420252024  Other segment disclosuresInterest income$171,570 166,854 352,165 327,093 Interest expense52,126 60,013 104,903 117,014 Depreciation 2,745 2,821 5,520 5,716 Amortization436 635 940 1,336 Other significant noncash items:Provision for credit losses8,744 (370)16,655 3,065 Segment assets14,485,107 14,385,553 14,485,107 14,385,553 Expenditures for segment assets3,629 1,988 5,451 1,988  

(14)    Subsequent Events

    On July 25, 2025, the Company completed the previously announced merger with Penns Woods Bancorp, Inc. (“Penns Woods”), the holding company for Jersey Shore State Bank and Luzerne Bank, along with the mergers of Jersey Shore State Bank and Luzerne Bank with and into Northwest Bank, for a total estimated consideration of $234 million. The Company is currently in the process of finalizing the purchase accounting of this transaction.Under the terms of the Agreement and Plan of Merger entered into by the Company and Penns Woods on December 16, 2024 (the "Merger Agreement"), each share