Company: NWBI
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001471265-25-000161
Chunk: 127

Company: Northwest Bancshares, Inc.
Filing Date: 2025-11-10
Form: 10-Q
Item: Item 8
Chunk 127
---
 for intangible assets subject to amortization at the dates indicated (in thousands):September 30, 2025December 31, 2024Amortizable intangible assets:  Core deposit intangibles - gross$74,899 74,899 Acquisitions48,000 — Less: accumulated amortization(74,975)(72,062)Core deposit intangibles - net$47,924 2,837 Total intangible assets - net$47,924 2,837 The following table shows the actual aggregate amortization expense for the quarters ended September 30, 2025 and 2024, as well as the estimated aggregate amortization expense, based upon current levels of intangible assets, for the current fiscal year and each of the five succeeding fiscal years (in thousands):For the quarter ended September 30, 2025$1,974 For the quarter ended September 30, 2024590 For the nine months ended September 30, 20252,914 For the nine months ended September 30, 20241,926 For the year ending December 31, 20255,563 For the year ending December 31, 20269,559 For the year ending December 31, 20278,040 For the year ending December 31, 20286,783 For the year ending December 31, 20295,831 For the year ending December 31, 20304,879  The following table provides information for the changes in the carrying amount of goodwill (in thousands):TotalBalance at December 31, 2024$380,997 Goodwill acquired57,405 Balance at September 30, 2025$438,402  We performed our annual goodwill impairment test as of June 30, 2025 in accordance with Accounting Standards Codification ("ASC") 350, Intangibles - Goodwill and Other, and concluded that goodwill was not impaired.

(6)    Borrowed Funds 

(a)    Borrowings Borrowed funds at September 30, 2025 and December 31, 2024 are presented in the following table (dollars in thousands):September 30, 2025December 31, 2024AmountAverage rateAmountAverage rateTerm notes payable to the FHLB of Pittsburgh, due within one year$242,953 4.46 %$175,000