Northwest Bancshares (NWBI) Non Operating Interest Expenses (2009 - 2024)
Northwest Bancshares' (NWBI) quarterly Non Operating Interest Expenses came in at $57.0 million in Q1 2024, up 153.61% on a YoY basis from $22.5 million in Q2 2023, and up 11.58% quarter-over-quarter from $51.1 million in Q4 2023.
Analysis
Northwest Bancshares (NWBI) Non Operating Interest Expenses (2009 - 2024) Analysis & Trends
Northwest Bancshares (NWBI) has reported Non Operating Interest Expenses for 16 consecutive years, with $57.0 million the latest figure, recorded in Q1 2024.
- For the quarter ending Q1 2024, Non Operating Interest Expenses rose 153.61% year-over-year to $57.0 million; the trailing twelve-month figure through Mar 2024 stood at $186.8 million (up 317.04% YoY), and the FY2025 full-year result was $14.5 million, down 0.6% from the prior year.
- Non Operating Interest Expenses advanced to $57.0 million in Q1 2024 per NWBI's latest filing, from $51.1 million in the prior quarter.
- Across five years, Non Operating Interest Expenses topped out at $57.0 million in Q1 2024 and bottomed at $5.6 million in Q2 2022.
- Historically, Non Operating Interest Expenses has averaged $18.1 million across 5 years, with a median of $9.9 million in 2020.
- The sharpest annual moves came in 2021 and 2023: Non Operating Interest Expenses sank 42.45% in 2021, then soared 636.83% in 2023.
- Over 5 years, Non Operating Interest Expenses stood at $8.8 million in 2020, then decreased by 29.2% to $6.3 million in 2021, then jumped by 72.7% to $10.8 million in 2022, then soared by 372.62% to $51.1 million in 2023, then rose by 11.58% to $57.0 million in 2024.
- According to Business Quant data, Non Operating Interest Expenses over the past three periods registered $57.0 million, $51.1 million, and $43.2 million for Q1 2024, Q4 2023, and Q3 2023 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Non Operating Interest Expenses (Qtr) |
|---|---|---|---|---|---|
| 1 | Banco Santander Chile | 950.85 Bn | 950.85 Bn | - | -467.75 Bn |
| 2 | Truist Financial | 61.46 Bn | 61.46 Bn | - | 224.00 Mn |
| 3 | Fifth Third Bancorp | 49.43 Bn | 25.71 Bn | - | - |
| 4 | M&T Bank | 34.72 Bn | 34.72 Bn | - | - |
| 5 | Huntington Bancshares | 33.60 Bn | 29.07 Bn | - | - |
| 6 | Citizens Financial | 29.31 Bn | 29.31 Bn | - | - |
| 7 | Regions Financial | 25.53 Bn | 25.53 Bn | - | - |
| 8 | First Citizens Bancshares | 24.60 Bn | 24.07 Bn | 29.00 Mn | - |
| 9 | Keycorp | 23.26 Bn | -24.44 Bn | - | - |
| 10 | Northwest Bancshares | 4.50 Bn | 1.79 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Mar 31, 2024 | 57.00 Mn |
| Dec 31, 2023 | 51.09 Mn |
| Sep 30, 2023 | 43.23 Mn |
| Jun 30, 2023 | 35.45 Mn |
| Mar 31, 2023 | 22.48 Mn |
| Dec 31, 2022 | 10.81 Mn |
| Sep 30, 2022 | 5.87 Mn |
| Jun 30, 2022 | 5.63 Mn |
| Mar 31, 2022 | 5.81 Mn |
| Dec 31, 2021 | 6.26 Mn |
| Sep 30, 2021 | 6.60 Mn |
| Jun 30, 2021 | 6.82 Mn |
| Mar 31, 2021 | 7.57 Mn |
| Dec 31, 2020 | 8.84 Mn |
| Sep 30, 2020 | 9.88 Mn |
| Jun 30, 2020 | 10.47 Mn |
| Mar 31, 2020 | 13.15 Mn |
| Dec 31, 2019 | 14.47 Mn |
| Sep 30, 2019 | 15.93 Mn |
| Jun 30, 2019 | 14.20 Mn |