Company: NWBI
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001471265-25-000161
Chunk: 145

Company: Northwest Bancshares, Inc.
Filing Date: 2025-11-10
Form: 10-Q
Item: Item 8
Chunk 145
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 on the Consolidated Statement of Financial Condition. Changes to the fair value of the interest rate lock commitments and the forward commitments are recorded in mortgage banking income in the Consolidated Statements of Income.We enter into risk participation agreements with financial institution counterparties for interest rate swaps related to loans in which we are a participant. The risk participation agreements provide credit protection to the financial institution should the borrower fail to perform on its interest rate derivative contract with the financial institution. These risk participation agreements are recorded within other liabilities on the Consolidated Statement of Financial Condition at their estimated fair value. Changes to the fair value of the risk participation agreements are included in other operating income in the Consolidated Statement of Income.    

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Table of Contents

The following table presents information regarding our derivative financial instruments at the dates indicated (in thousands):Asset derivativesLiability derivativesNotional amountFair valueNotional amountFair valueAt September 30, 2025Derivatives designated as hedging instruments:Interest rate swap agreements$50,000 126 125,000 1,279 Derivatives not designated as hedging instruments:Interest rate swap agreements943,903 29,056 943,903 31,232 Foreign exchange swap agreements2,800 57 — — Interest rate lock commitments34,841 1,030 — — Forward commitments8,027 229 — — Risk participation agreements— — 118,919 31 Total Derivatives$1,039,571 30,498 1,187,822 32,542 At December 31, 2024Derivatives designated as hedging instruments:Interest rate swap agreements$125,000 1,529 50,000 32 Derivatives not designated as hedging instruments: Interest rate swap agreements 780,177 37,697 780,177 37,767 Foreign exchange swap agreements5,724 199 2,690 4 Interest rate lock commitments17,426 342 — — Forward commitments1,509 34 — — Risk participation agreements— — 129,439 16 Total derivatives $929,836 39,801 962,306 37,819 The following table presents income or expense recognized on derivatives for the periods indicated (in thousands):For the quarter ended September 30,For the nine months ended September 30,2025202420252024Hedging derivatives:Decre