Northwest Bancshares, Inc. (NWBI)

Northwest Bancshares Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	630.84	615.78	543.66	407.83	390.34	410.91
Interest Income on Investments	58.71	53.42	44.26	40.97	28.17	23.16
Total Interest Income	689.55	669.2	587.92	448.8	418.51	434.07
Interest Paid on Deposits	205.13	205.49	105.34	14.12	19.12	35.9
Interest Paid on Borrowings	24.26	28.13	46.9	14	8.12	6.44
Total Interest Expense	229.39	233.62	152.24	28.12	27.25	42.34
Net Interest Income	460.16	435.58	435.68	420.68	391.26	391.73
Net Interest Income Growth (YoY)	7.90%	-0.02%	3.57%	7.52%	-0.12%	8.67%
Trust Income	30.89	30.1	27.28	27.77	27.92	20.92
Mortgage Banking Activities	2.57	2.32	2.43	4.87	15.89	31.39
Gain (Loss) on Sale of Assets	11.87	11.87	6.19	-0.04	26.53	3.25
Gain (Loss) on Sale of Investments	-39.41	-39.41	-8.31	-0.01	-0.18	0.24
Other Non-Interest Income	76.4	77.42	81.7	77.67	72.28	75.27
Total Non-Interest Income	87.4	87.01	113.82	110.85	142.89	132.27
Non-Interest Income Growth (YoY)	-25.81%	-23.56%	2.68%	-22.42%	8.03%	33.05%
Revenues Before Loan Losses	547.56	522.59	549.51	531.53	534.15	523.99
Provision for Loan Losses	28.98	24.51	22.87	28.32	-15.79	83.98
Revenue	518.58	498.08	526.63	503.22	549.94	440.02
Revenue Growth (YoY)	-0.84%	-5.42%	4.65%	-8.50%	24.98%	0.64%
Salaries and Employee Benefits	211	208.37	191.12	184.29	189.15	174.14
Federal Deposit Insurance	10.91	11.6	9.27	4.78	4.98	4.77
Amortization of Goodwill & Intangibles	2.26	2.45	3.27	4.28	5.55	6.86
Selling, General & Administrative	130.15	131.11	132.63	123.3	131.21	120.82
Other Non-Interest Expense	9.82	9.06	8.06	7.04	14.19	19.77
Total Non-Interest Expense	364.32	362.77	344.81	323.91	345.36	326.7
EBT Excluding Unusual Items	154.26	135.31	181.83	179.31	204.58	113.32
Pretax Income	148.33	129.55	175.08	173.69	201.12	92.53
Income Tax Expense	33.76	29.27	40.12	40.03	46.8	17.67
Net Income	114.57	100.28	134.96	133.67	154.32	74.85
Preferred Dividends & Other Adjustments	0.11	0.13	0.34	0.59	1.01	-
Net Income to Common	114.47	100.15	134.62	133.08	153.31	74.85
Net Income Growth	-12.16%	-25.70%	0.97%	-13.39%	106.16%	-32.22%
Basic Shares Outstanding	127	127	127	126	126	120
Diluted Shares Outstanding	127	127	127	127	127	120
Shares Change (YoY)	0.23%	0.20%	0.21%	-0.22%	5.63%	13.61%
EPS (Basic)	0.90	0.79	1.06	1.05	1.22	0.62
EPS (Diluted)	0.90	0.79	1.06	1.05	1.21	0.62
EPS Growth	-12.40%	-25.65%	0.95%	-13.22%	95.16%	-40.38%
Dividend Per Share	0.800	0.800	0.800	0.800	0.790	0.760
Dividend Growth	-	-	-	1.27%	3.95%	5.56%
Effective Tax Rate	22.76%	22.59%	22.92%	23.04%	23.27%	19.10%

Updated Apr 28, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.

SEC Filings: 10-K · 10-Q