Company: NWBI
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001471265-25-000137
Chunk: 164

Company: Northwest Bancshares, Inc.
Filing Date: 2025-08-05
Form: 10-Q
Item: Item 8
Chunk 164
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308 1,148 4.02 %Junior subordinated debentures129,921 2,106 6.41 %129,663 2,449 7.47 %Total interest-bearing liabilities9,995,328 52,126 2.09 %10,058,013 60,013 2.40 %Noninterest-bearing demand deposits (g)2,611,597 2,595,511 Noninterest-bearing liabilities225,306 263,634 Total liabilities12,832,231   12,917,158  Shareholders’ equity1,635,966 1,541,434  Total liabilities and shareholders’ equity$14,468,197   $14,458,592   Net interest income (FTE)/Interest rate spread (FTE) (d) 120,322 3.02 % 107,724 2.58 %Net interest-earning assets/Net interest margin (FTE)$3,548,356  3.56 %$3,493,147  3.20 %Tax equivalent adjustment (d)878 883 Net interest income, GAAP basis119,444 106,841 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 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 balances include FHLB borrowings and collateralized borrowings.

(g)Average cost of deposits were 1.55% and 1.76%, respectively.

(h)Annualized.

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Table of Contents

Rate/Volume Analysis

(in thousands)

The following table represents the extent to which changes in interest rates and changes in the volume of interest-earning assets and interest-bearing liabilities have affected interest income (F