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
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments736616978390167241
Cash and cash equivalents736616978390167241
Disposal group, including discontinued operation    147  
Total current assets:736616978537167241
Noncurrent Assets
Operating lease, right-of-use asset4849
Property, plant and equipment162147143152161154144
Long-term investments and receivables   8228469071,016
Long-term investments   8228469071,016
Intangible assets, net (including goodwill)402369327333340271178
Goodwill382346307307307262175
Intangible assets, net (excluding goodwill)202320263293
Total noncurrent assets:6125664711,3071,3471,3321,338
Other undisclosed assets12,4589,8679,0687,9797,7407,4526,196
TOTAL ASSETS:13,80610,4949,6089,3649,6248,9527,775
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt283246     
Total current liabilities:283246     
Noncurrent Liabilities
Other undisclosed liabilities11,9858,8948,3508,1568,4537,7896,712
Total liabilities:12,2689,1418,3508,1568,4537,7896,712
Stockholders' equity
Stockholders' equity attributable to parent, including:1,5391,3531,2581,2081,1711,1631,063
Common stock1111111
Additional paid in capital1,016806746731719718626
Accumulated other comprehensive loss(34)(37)(40)(32)(28)(25)(24)
Retained earnings555583550508479489482
Other undisclosed stockholders' equity attributable to parent     (20)(22)
Total stockholders' equity:1,5391,3531,2581,2081,1711,1631,063
TOTAL LIABILITIES AND EQUITY:13,80610,4949,6089,3649,6248,9527,775

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues4264093714244063715
Net investment income417401362348337311 
Financial services revenue7769605
Cost of revenue(84)(23)(20)(49)(40)(34)(44)
Cost of goods and services sold   (29)(26)(25)(23)
Provision for loan, lease, and other losses(84)(23)(20)
Financial services costs(20)(14)(10)(20)
Gross profit:342386350376366337(39)
Operating expenses(30)(28)(29)(20)(40)(36)(27)
Other operating income, net
(Noninterest Income, Other Operating Income)
911109646
Operating income (loss):320369331364332305(59)
Nonoperating income5455523
Losses on sales of other real estate(0)(0)(1)(1)(0)(2)(1)
Bank owned life insurance income5466544
Interest and debt expense(42)(57)(37)(28)(38)(56)(57)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(190)(175)(165)(206)(227)(163)196
Income from continuing operations before income taxes:93141134136718984
Income tax expense(18)(31)(28)(41)(22)(28)(22)
Net income available to common stockholders, diluted:7511010594506162

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:7511010594506162
Other comprehensive income (loss)4300(1)(2) 
Comprehensive income:7911310695495962
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(0)(0)(1)(4)(3)2(12)
Comprehensive income, net of tax, attributable to parent:7811310590466049

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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