Northwest Bancshares, Inc. (NWBI)

Northwest Bancshares Income Statement

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	615.78	543.66	407.83	390.34	410.91
Interest Income on Investments	53.42	44.26	40.97	28.17	23.16
Total Interest Income	669.2	587.92	448.8	418.51	434.07
Interest Paid on Deposits	205.49	105.34	14.12	19.12	35.9
Interest Paid on Borrowings	28.13	46.9	14	8.12	6.44
Total Interest Expense	233.62	152.24	28.12	27.25	42.34
Net Interest Income	435.58	435.68	420.68	391.26	391.73
Net Interest Income Growth (YoY)	-0.02%	3.57%	7.52%	-0.12%	8.67%
Trust Income	30.1	27.28	27.77	27.92	20.92
Mortgage Banking Activities	2.32	2.43	4.87	15.89	31.39
Gain (Loss) on Sale of Assets	-	6.19	-0.04	26.53	3.25
Gain (Loss) on Sale of Investments	-39.41	-8.31	-0.01	-0.18	0.24
Other Non-Interest Income	89.29	81.7	77.67	72.28	75.27
Total Non-Interest Income	87.01	113.82	110.85	142.89	132.27
Non-Interest Income Growth (YoY)	-23.56%	2.68%	-22.42%	8.03%	33.05%
Revenues Before Loan Losses	522.59	549.51	531.53	534.15	523.99
Provision for Loan Losses	24.51	22.87	28.32	-15.79	83.98
Revenue	498.08	526.63	503.22	549.94	440.02
Revenue Growth (YoY)	-5.42%	4.65%	-8.50%	24.98%	0.64%
Salaries and Employee Benefits	214.46	191.12	184.29	189.15	174.14
Federal Deposit Insurance	11.6	9.27	4.78	4.98	4.77
Amortization of Goodwill & Intangibles	2.45	3.27	4.28	5.55	6.86
Selling, General & Administrative	125.03	132.63	123.3	131.21	120.82
Other Non-Interest Expense	9.06	8.06	7.04	14.19	19.77
Total Non-Interest Expense	362.77	344.81	323.91	345.36	326.7
EBT Excluding Unusual Items	135.31	181.83	179.31	204.58	113.32
Pretax Income	129.55	175.08	173.69	201.12	92.53
Income Tax Expense	29.27	40.12	40.03	46.8	17.67
Net Income	100.28	134.96	133.67	154.32	74.85
Preferred Dividends & Other Adjustments	-	0.34	0.59	1.01	-
Net Income to Common	100.28	134.62	133.08	153.31	74.85
Net Income Growth	-25.70%	0.97%	-13.39%	106.17%	-32.22%
Basic Shares Outstanding	127	127	126	126	120
Diluted Shares Outstanding	127	127	127	127	120
Shares Change (YoY)	-0.04%	0.21%	-0.22%	5.63%	13.61%
EPS (Basic)	0.79	1.06	1.05	1.22	0.62
EPS (Diluted)	0.79	1.06	1.05	1.21	0.62
EPS Growth	-25.47%	0.95%	-13.22%	95.16%	-40.38%
Dividend Per Share	0.800	0.800	0.800	0.790	0.760
Dividend Growth	0%	0%	1.27%	3.95%	5.56%
Effective Tax Rate	22.59%	22.92%	23.04%	23.27%	19.10%

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