Northwest Bancshares, Inc. (NWBI)

Northwest Bancshares Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	606.46	543.66	407.83	390.34	410.91	394.81
Interest Income on Investments	49.4	44.26	40.97	28.17	23.16	22.57
Total Interest Income	655.86	587.92	448.8	418.51	434.07	417.38
Interest Paid on Deposits	195.24	105.34	14.12	19.12	35.9	49.22
Interest Paid on Borrowings	32.94	46.9	14	8.12	6.44	7.7
Total Interest Expense	228.18	152.24	28.12	27.25	42.34	56.91
Net Interest Income	427.68	435.68	420.68	391.26	391.73	360.47
Net Interest Income Growth (YoY)	-4.20%	3.57%	7.52%	-0.12%	8.67%	6.44%
Trust Income	29.5	27.28	27.77	27.92	20.92	17.77
Mortgage Banking Activities	2.34	2.43	4.87	15.89	31.39	3.82
Gain (Loss) on Sale of Assets	-2.12	6.19	-0.04	26.53	3.25	-
Gain (Loss) on Sale of Investments	-39.41	-8.31	-0.01	-0.18	0.24	0.05
Other Non-Interest Income	79.96	81.7	77.67	72.28	75.27	76.09
Total Non-Interest Income	76.12	113.82	110.85	142.89	132.27	99.41
Non-Interest Income Growth (YoY)	-32.35%	2.68%	-22.42%	8.03%	33.05%	8.40%
Revenues Before Loan Losses	503.8	549.51	531.53	534.15	523.99	459.87
Provision for Loan Losses	15.89	22.87	28.32	-15.79	83.98	22.66
Revenue	487.91	526.63	503.22	549.94	440.02	437.21
Revenue Growth (YoY)	-8.48%	4.65%	-8.50%	24.98%	0.64%	6.63%
Salaries and Employee Benefits	205.86	191.12	184.29	189.15	174.14	156.24
Federal Deposit Insurance	11.29	9.27	4.78	4.98	4.77	0.69
Amortization of Goodwill & Intangibles	2.65	3.27	4.28	5.55	6.86	6.54
Selling, General & Administrative	132.23	132.63	123.3	131.21	120.82	111.43
Other Non-Interest Expense	6.39	8.06	7.04	14.19	19.77	16.56
Total Non-Interest Expense	358.62	344.81	323.91	345.36	326.7	291.94
EBT Excluding Unusual Items	129.29	181.83	179.31	204.58	113.32	145.28
Pretax Income	124.03	175.08	173.69	201.12	92.53	141.11
Income Tax Expense	27.48	40.12	40.03	46.8	17.67	30.68
Net Income	96.54	134.96	133.67	154.32	74.85	110.43
Preferred Dividends & Other Adjustments	0.16	0.34	0.59	1.01	-	-
Net Income to Common	96.38	134.62	133.08	153.31	74.85	110.43
Net Income Growth	-31.33%	0.97%	-13.39%	106.17%	-32.22%	4.68%
Basic Shares Outstanding	127	127	126	126	120	105
Diluted Shares Outstanding	127	127	127	127	120	106
Shares Change (YoY)	0.16%	0.21%	-0.22%	5.63%	13.61%	2.19%
EPS (Basic)	0.76	1.06	1.05	1.22	0.62	1.05
EPS (Diluted)	0.76	1.06	1.05	1.21	0.62	1.04
EPS Growth	-30.98%	0.95%	-13.22%	95.16%	-40.38%	1.96%
Dividend Per Share	0.800	0.800	0.800	0.790	0.760	0.720
Dividend Growth	0%	0%	1.27%	3.95%	5.56%	5.88%
Effective Tax Rate	22.16%	22.92%	23.04%	23.27%	19.10%	21.74%

Source: S&P Capital IQ. Banks template. Financial Sources.