Company: NWBI
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0001471265-25-000016
Chunk: 250

Company: Northwest Bancshares, Inc.
Filing Date: 2025-02-25
Form: 10-K
Item: Item 7
Chunk 250
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0.67 %0.58 %Allowance for credit losses to nonperforming loans188.24 %129.01 %143.98 %Allowance for credit losses to loans receivable1.04 %1.10 %1.08 %Average interest-earning assets to average interest-bearing liabilities1.35x1.37x1.41xNumber of banking offices141 142 150 

(1)Represents net income divided by average assets.

(2)Represents net income divided by average equity.

(3)Represents average yield on interest-earning assets less average cost of interest-bearing liabilities (shown on a fully taxable equivalent (“FTE”) basis).

(4)Represents net interest income as a percentage of average interest-earning assets (shown on a FTE basis).

(5)    2022 includes $5.6 million in merger, asset disposition and restructuring expense. 

(6)    2023 includes $6.7 million in merger, asset disposition and restructuring expense. 

(7)    2024 includes $5.8 million in merger, asset disposition and restructuring expense and a $39.4 loss on sale of investments. 

(8)    Excludes goodwill and other intangible assets (non-GAAP).

The following non-GAAP financial measures used by the Company provide information useful to investors in understanding our operating performance and trends, and facilitate comparisons with the performance of our peers. The following table summarizes the non-GAAP financial measures derived from amounts reported in the Company’s Consolidated Statements of Financial Condition.  

As of December 31, 202420232022Tangible common equity to assetsTotal shareholders’ equity$1,596,856 1,551,317 1,491,486   Less: goodwill and intangible assets(383,834)(386,287)(389,557)Tangible common equity$1,213,022 1,165,030 1,101,929 Total assets$14,408,224 14,419,105 14,113,324 Less: goodwill and intangible assets(383,834)(386,287)(389,557)  Tangible assets$14,024,390 14,032,818 13,723,767 Tangible common equity to tangible assets8.65 %8.30 %8.03 %

Critical Accounting Estimates

Our significant accounting policies are described