Northwest Bancshares Inc. (NWBI) Financial Statements (2024 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)

3/31/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments122,260139,3651,279,259736,27760,84668,789
Cash and cash equivalents122,260139,3651,279,259736,27760,84668,789
Total current assets:122,260139,3651,279,259736,27760,84668,789
Noncurrent Assets
Operating lease, right-of-use asset 61,72754,92554,88748,32949,380
Property, plant and equipment138,838145,909156,524161,538147,409143,390
Intangible assets, net (including goodwill)386,287389,557393,833402,215369,179327,241
Goodwill380,997380,997380,997382,279346,103307,420
Intangible assets, net (excluding goodwill)5,2908,56012,83619,93623,07619,821
Total noncurrent assets:586,852590,391605,244612,082565,968470,631
Other undisclosed assets13,709,99313,383,56812,617,00512,457,9099,867,0949,068,353
TOTAL ASSETS:14,419,10514,113,32414,501,50813,806,26810,493,9089,607,773
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt398,895681,166139,093283,044246,336 
Total current liabilities:398,895681,166139,093283,044246,336 
Noncurrent Liabilities
Other undisclosed liabilities12,468,89311,940,67212,778,84411,984,5218,894,2878,350,135
Total liabilities:12,867,78812,621,83812,917,93712,267,5659,140,6238,350,135
Equity
Equity, attributable to parent1,551,3171,491,4861,583,5711,538,7031,353,2851,257,638
Common stock1,2711,2701,2661,2701,0691,034
Additional paid in capital1,024,8521,019,6471,010,4051,015,502805,750745,926
Accumulated other comprehensive loss(149,492)(171,158)(37,629)(33,549)(36,941)(39,696)
Retained earnings674,686641,727609,529555,480583,407550,374
Total equity:1,551,3171,491,4861,583,5711,538,7031,353,2851,257,638
TOTAL LIABILITIES AND EQUITY:14,419,10514,113,32414,501,50813,806,26810,493,9089,607,773

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

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues555,762417,994400,678425,784408,778370,791
Net investment income555,036417,994397,045416,652400,710362,000
Cost of revenue
(Provision for Loan, Lease, and Other Losses)
(22,874)(17,860) (83,975)(22,659)(20,332)
Gross profit:532,888400,134400,678341,809386,119350,459
Operating expenses(25,669)(26,690)(2,232)(30,279)(27,674)(29,435)
Other operating income, net
(Noninterest Income, Other Operating Income)
11,77615,30711,9638,58510,5419,595
Operating income:518,995388,751410,409320,115368,986330,619
Nonoperating income10,5947,7326,4925,0844,3655,190
Gains (losses) on sales of other real estate2,006603442(106)(53)(631)
Bank owned life insurance income8,5887,1296,0505,1904,4185,821
Interest and debt expense(152,239)(28,117)(27,246)(42,340)(56,914)(37,140)
Other undisclosed loss from continuing operations before equity method investments, income taxes    (190,333)(175,326)(164,756)
Income from continuing operations before equity method investments, income taxes:377,350368,366389,65592,526141,111133,913
Other undisclosed loss from continuing operations before income taxes(202,272)(194,674)(188,531)   
Income from continuing operations before income taxes:175,078173,692201,12492,526141,111133,913
Income tax expense(40,121)(40,026)(46,801)(17,672)(30,679)(28,422)
Income from continuing operations:134,957133,666154,32374,854110,432105,491
Income before gain (loss) on sale of properties:154,32374,854110,432105,491
Net income attributable to parent:134,957133,666154,32374,854110,432105,491
Other undisclosed net loss available to common stockholders, basic(339)(585)(1,010)   
Net income available to common stockholders, diluted:134,618133,081153,31374,854110,432105,491

Comprehensive Income ($ in thousands)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income:134,957133,666154,32374,854110,432105,491
Other comprehensive income (loss)(3,244)(6,980)(9,659)3,7742,85924
Comprehensive income:131,713126,686144,66478,628113,291105,515
Other undisclosed comprehensive income (loss), net of tax, attributable to parent24,910(126,549)5,579(382)(104)(894)
Comprehensive income, net of tax, attributable to parent:156,623137150,24378,246113,187104,621

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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