Northwest Bancshares, Inc. (NWBI) financial statements (2022 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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,279736616978390167
Cash and cash equivalents1,279736616978390167
Disposal group, including discontinued operation     147 
Total current assets:1,279736616978537167
Noncurrent Assets
Operating lease, right-of-use asset554849
Property, plant and equipment157162147143152161154
Long-term investments and receivables    822846907
Long-term investments    822846907
Intangible assets, net (including goodwill)394402369327333340271
Goodwill381382346307307307262
Intangible assets, net (excluding goodwill)1320232026329
Total noncurrent assets:6056125664711,3071,3471,332
Other undisclosed assets12,61712,4589,8679,0687,9797,7407,452
TOTAL ASSETS:14,50213,80610,4949,6089,3649,6248,952
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt139283246    
Total current liabilities:139283246    
Noncurrent Liabilities
Other undisclosed liabilities12,77911,9858,8948,3508,1568,4537,789
Total liabilities:12,91812,2689,1418,3508,1568,4537,789
Stockholders' equity
Stockholders' equity attributable to parent, including:1,5841,5391,3531,2581,2081,1711,163
Common stock1111111
Additional paid in capital1,0101,016806746731719718
Accumulated other comprehensive loss(38)(34)(37)(40)(32)(28)(25)
Retained earnings610555583550508479489
Other undisclosed stockholders' equity attributable to parent      (20)
Total stockholders' equity:1,5841,5391,3531,2581,2081,1711,163
TOTAL LIABILITIES AND EQUITY:14,50213,80610,4949,6089,3649,6248,952

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues401426409371424406371
Net investment income397417401362348337311
Financial services revenue776960
Cost of revenue (84)(23)(20)(49)(40)(34)
Cost of goods and services sold    (29)(26)(25)
Provision for loan, lease, and other losses (84)(23)(20)
Financial services costs(20)(14)(10)
Gross profit:401342386350376366337
Operating expenses(2)(30)(28)(29)(20)(40)(36)
Other operating income, net
(Noninterest Income, Other Operating Income)
1291110964
Operating income:410320369331364332305
Nonoperating income6545552
Gains (losses) on sales of other real estate0(0)(0)(1)(1)(0)(2)
Bank owned life insurance income6546654
Interest and debt expense(27)(42)(57)(37)(28)(38)(56)
Other undisclosed loss from continuing operations before equity method investments, income taxes (190)(175)(165)(206)(227)(163)
Income from continuing operations before equity method investments, income taxes:390931411341367189
Other undisclosed loss from continuing operations before income taxes(189)      
Income from continuing operations before income taxes:201931411341367189
Income tax expense(47)(18)(31)(28)(41)(22)(28)
Net income attributable to parent:15475110105945061
Other undisclosed net loss available to common stockholders, basic(1)      
Net income available to common stockholders, diluted:15375110105945061

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:15475110105945061
Other comprehensive income (loss)(10)4300(1)(2)
Comprehensive income:14579113106954959
Other undisclosed comprehensive income (loss), net of tax, attributable to parent6(0)(0)(1)(4)(3)2
Comprehensive income, net of tax, attributable to parent:15078113105904660

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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