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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments616978390167241392
Cash and cash equivalents616978390167241392
Disposal group, including discontinued operation   147   
Total current assets:616978537167241392
Noncurrent Assets
Operating lease, right-of-use asset49
Property, plant and equipment147143152161154144146
Long-term investments and receivables  8228469071,0161,138
Long-term investments  8228469071,0161,138
Intangible assets, net (including goodwill)369327333340271178177
Goodwill346307307307262175174
Intangible assets, net (excluding goodwill)23202632932
Total noncurrent assets:5664711,3071,3471,3321,3381,461
Other undisclosed assets9,8679,0687,9797,7407,4526,1966,029
TOTAL ASSETS:10,4949,6089,3649,6248,9527,7757,881
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt246      
Total current liabilities:246      
Noncurrent Liabilities
Other undisclosed liabilities8,8948,3508,1568,4537,7896,7126,725
Total liabilities:9,1418,3508,1568,4537,7896,7126,725
Stockholders' equity
Stockholders' equity attributable to parent, including:1,3531,2581,2081,1711,1631,0631,157
Common stock1111111
Additional paid in capital806746731719718626620
Accumulated other comprehensive loss(37)(40)(32)(28)(25)(24)(12)
Retained earnings583550508479489482571
Other undisclosed stockholders' equity attributable to parent    (20)(22)(23)
Total stockholders' equity:1,3531,2581,2081,1711,1631,0631,157
TOTAL LIABILITIES AND EQUITY:10,4949,6089,3649,6248,9527,7757,881

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues40937142440637156
Net investment income401362348337311  
Financial services revenue77696056
Cost of revenue(23)(20)(49)(40)(34)(44)(42)
Cost of goods and services sold  (29)(26)(25)(23)(23)
Provision for loan, lease, and other losses(23)(20)
Financial services costs(20)(14)(10)(20)(19)
Gross profit:386350376366337(39)(36)
Operating expenses(28)(29)(20)(40)(36)(27)(26)
Other operating income, net
(Noninterest Income, Other Operating Income)
111096464
Operating income (loss):369331364332305(59)(58)
Nonoperating income4555231
Investment income, nonoperating      (1)
Losses on sales of other real estate(0)(1)(1)(0)(2)(1)(3)
Bank owned life insurance income4665445
Interest and debt expense(57)(37)(28)(38)(56)(57)(61)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(175)(165)(206)(227)(163)196211
Income from continuing operations before income taxes:14113413671898493
Income tax expense(31)(28)(41)(22)(28)(22)(26)
Net income available to common stockholders, diluted:1101059450616267

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:1101059450616267
Other comprehensive income (loss)300(1)(2)  
Comprehensive income:1131069549596267
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(0)(1)(4)(3)2(12)(0)
Comprehensive income, net of tax, attributable to parent:1131059046604966

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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