Northwest Bancshares, Inc. (NWBI) Financial Statements (2025 and earlier)

Company Profile

Business Address 100 LIBERTY STREET
WARREN, PA 16365
State of Incorp. MD
Fiscal Year End December 31
Industry (SIC) 6021 - National Commercial Banks (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

3/31/2025
MRQ
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments288,378122,260139,3651,279,259736,27760,846
Cash and cash equivalent288,378122,260139,3651,279,259736,27760,846
Total current assets:288,378122,260139,3651,279,259736,27760,846
Noncurrent Assets
Operating lease, right-of-use asset 46,20461,72754,92554,88748,32949,380
Property, plant and equipment124,246138,838145,909156,524161,538147,409
Intangible assets, net (including goodwill)383,834386,287389,557393,833402,215369,179
Goodwill380,997380,997380,997380,997382,279346,103
Intangible assets, net (excluding goodwill)2,8375,2908,56012,83619,93623,076
Total noncurrent assets:554,284586,852590,391605,244612,082565,968
Other undisclosed assets13,565,56213,709,99313,383,56812,617,00512,457,9099,867,094
TOTAL ASSETS:14,408,22414,419,10514,113,32414,501,50813,806,26810,493,908
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt200,331398,895681,166139,093283,044246,336
Total current liabilities:200,331398,895681,166139,093283,044246,336
Noncurrent Liabilities
Other undisclosed liabilities12,611,03712,468,89311,940,67212,778,84411,984,5218,894,287
Total liabilities:12,811,36812,867,78812,621,83812,917,93712,267,5659,140,623
Equity
Equity, attributable to parent1,596,8561,551,3171,491,4861,583,5711,538,7031,353,285
Common stock1,2751,2711,2701,2661,2701,069
Additional paid in capital1,033,3851,024,8521,019,6471,010,4051,015,502805,750
Accumulated other comprehensive loss(110,914)(149,492)(171,158)(37,629)(33,549)(36,941)
Retained earnings673,110674,686641,727609,529555,480583,407
Total equity:1,596,8561,551,3171,491,4861,583,5711,538,7031,353,285
TOTAL LIABILITIES AND EQUITY:14,408,22414,419,10514,113,32414,501,50813,806,26810,493,908

Income Statement (P&L) ($ in thousands)

3/31/2025
TTM
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
Revenues629,403555,762417,994400,678425,784408,778
Net investment income629,403555,036417,994397,045416,652400,710
Cost of revenue
(Provision for Loan, Lease, and Other Losses)
(24,505)(22,874)(17,860) (83,975)(22,659)
Gross profit:604,898532,888400,134400,678341,809386,119
Operating expenses(23,775)(25,669)(26,690)(2,232)(30,279)(27,674)
Other operating income, net
(Noninterest Income, Other Operating Income)
20,01011,77615,30711,9638,58510,541
Operating income:601,133518,995388,751410,409320,115368,986
Nonoperating income7,21410,5947,7326,4925,0844,365
Gains (losses) on sales of other real estate8872,006603442(106)(53)
Bank owned life insurance income6,3278,5887,1296,0505,1904,418
Interest and debt expense  (152,239)(28,117)(27,246)(42,340)(56,914)
Other undisclosed loss from continuing operations before equity method investments, income taxes     (190,333)(175,326)
Income from continuing operations before equity method investments, income taxes:608,347377,350368,366389,65592,526141,111
Other undisclosed loss from continuing operations before income taxes(478,801)(202,272)(194,674)(188,531)  
Income from continuing operations before income taxes:129,546175,078173,692201,12492,526141,111
Income tax expense(29,268)(40,121)(40,026)(46,801)(17,672)(30,679)
Income from continuing operations:100,278134,957133,666154,32374,854110,432
Income before gain (loss) on sale of properties:154,32374,854110,432
Net income attributable to parent:100,278134,957133,666154,32374,854110,432
Other undisclosed net loss available to common stockholders, basic(125)(339)(585)(1,010)  
Net income available to common stockholders, diluted:100,153134,618133,081153,31374,854110,432

Comprehensive Income ($ in thousands)

3/31/2025
TTM
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
Net income:100,278134,957133,666154,32374,854110,432
Other comprehensive income (loss)(6,752)(3,244)(6,980)(9,659)3,7742,859
Comprehensive income:93,526131,713126,686144,66478,628113,291
Other undisclosed comprehensive income (loss), net of tax, attributable to parent45,33024,910(126,549)5,579(382)(104)
Comprehensive income, net of tax, attributable to parent:138,856156,623137150,24378,246113,187

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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