Northwest Bancshares, Inc. (NWBI) financial statements (2021 and earlier)

Company profile

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

Balance sheet (Statement of financial position) ($ in millions)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments73665783727661108107
Cash and cash equivalents73665783727661108107
Total current assets:73665783727661108107
Noncurrent Assets
Operating lease, right-of-use asset48   494946
Property, plant and equipment162167167147147149149
Intangible assets, net (including goodwill)402408409368369367369
Goodwill382386386346346345345
Intangible assets, net (excluding goodwill)20222321232224
Total noncurrent assets:612575576515566565564
Other undisclosed assets12,45812,55712,4319,8909,8679,9089,835
TOTAL ASSETS:13,80613,78913,84510,68110,49410,58010,505
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt283398440192246  
Total current liabilities:283398440192246  
Noncurrent Liabilities
Other undisclosed liabilities11,98511,84311,8749,1488,8949,2299,172
Total liabilities:12,26812,24212,3149,3399,1419,2299,172
Stockholders' equity
Stockholders' equity attributable to parent1,5391,5471,5311,3421,3531,3521,334
Common stock1111111
Additional paid in capital1,0161,0241,023808806801799
Accumulated other comprehensive loss(34)(23)(24)(29)(37)(28)(29)
Retained earnings555545531561583577563
Total stockholders' equity:1,5391,5471,5311,3421,3531,3521,334
TOTAL LIABILITIES AND EQUITY:13,80613,78913,84510,68110,49410,58010,505

Income statement (P&L) ($ in millions)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Revenues10911110799101105105
Net investment income1071091059699103103
Cost of revenue
(Provision for Loan, Lease, and Other Losses)
2(7)(52)(28)(8)(3)(5)
Gross profit:111104557193102100
Operating expenses(8)(9)(8)(7)(7)(6)(8)
Other operating income, net
(Noninterest Income, Other Operating Income)
3222432
Operating income:106985066909894
Nonoperating income1211111
Gains (losses) on sales of other real estate0(0)(0)(0)0(0)0
Bank owned life insurance income1211111
Interest and debt expense(9)(10)(10)(13)(14)(16)(14)
Other undisclosed loss from continuing operations before equity method investments, income taxes(55)(43)(48)(45)(45)(40)(47)
Income (loss) from continuing operations before income taxes:4447(7)9324334
Income tax expense (benefit)(9)(8)1(1)(7)(10)(7)
Net income (loss) available to common stockholders, diluted:3538(6)8263326

Comprehensive Income ($ in millions)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Net income (loss):3538(6)8263326
Other comprehensive income (loss)4(0)(0)(0)3(0)(0)
Comprehensive income (loss):3938(6)8293326
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(15)258(12)26
Comprehensive income (loss), net of tax, attributable to parent:2440(2)16163532

Statements sources

The financial statements are based on the company's filings with the 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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