Northwest Bancshares, Inc. Income Statement

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Income Statement Dec2009 Dec2010 Dec2011 Dec2012 Dec2013 Dec2014 Dec2015 Dec2016 Dec2017 Dec2018 Dec2019 Dec2020 Dec2021 Dec2022 Dec2023 Dec2024
Revenue & Cost
Provisions 41.85M40.49M34.17M26.34M18.52M20.31M9.71M13.54M19.75M20.33M22.66M83.97M-15.79M28.32M22.87M27.68M
Revenue 45.84M62.85M69.27M68.64M73.43M67.59M332.09M392.69M441.26M430.34M459.87M523.99M534.15M531.53M549.51M522.59M
Interest income
Interest income - Loans 320.12M328.95M320.10M307.96M286.98M282.05M298.67M329.04M339.99M356.57M394.81M410.91M390.34M407.83M543.66M615.78M
Interest income - Investments 0.37M1.81M2.83M1.37M0.25M0.45M1.06M0.98M0.41M0.73M2.87M1.89M
Interest Income - Debt Securities 27.26M25.27M23.45M16.74M12.82M10.32M9.03M11.35M11.34M13.78M16.67M17.42M21.46M30.80M32.89M39.79M
Interest Income - Deposits 0.64M2.10M1.71M1.60M1.09M0.84M0.43M0.54M1.50M0.83M0.60M0.72M1.19M3.60M2.90M6.49M
Interest Income - Total 364.46M370.57M359.23M337.74M313.10M305.43M319.58M345.63M358.86M375.78M417.38M434.07M418.51M448.80M587.92M669.20M
Interest expenses
Interest Expense - Deposits 95.39M75.17M60.72M43.38M29.28M25.32M24.05M23.46M23.06M30.98M49.22M35.90M19.12M14.12M105.34M205.49M
Interest Expense - Debt 40.41M37.75M32.08M31.82M31.88M31.27M32.27M14.83M5.01M6.16M7.70M6.44M8.12M14.00M46.90M28.13M
Interest Expenses 135.81M112.93M92.80M75.20M61.16M56.59M56.33M38.30M28.07M37.14M56.91M42.34M27.25M28.12M152.24M233.62M
Interest Income - Net 228.66M257.64M266.43M262.54M251.94M248.84M263.25M307.33M330.79M338.64M360.47M391.73M391.26M420.68M435.68M435.58M
Non-interest income
Interest Income - Total 186.81M217.16M232.26M236.21M233.42M228.53M253.54M293.79M311.03M318.31M337.81M307.75M407.05M392.37M412.81M411.07M
Financial Services Fees 2.66M5.19M6.55M6.26M8.63M8.76M9.53M10.52M9.01M8.79M8.07M9.13M3.63M
Service Charges 34.81M37.92M36.22M35.62M35.88M36.38M38.36M44.11M49.72M
Investment Gain (Loss) 0.40M2.20M0.36M0.65M6.12M4.93M1.04M0.62M1.15M0.16M0.05M0.24M-0.18M-0.01M-8.31M-39.41M
Investment Banking Income 1.73M1.30M1.80M3.82M
Income - Trust 6.31M7.25M8.12M8.54M9.33M12.37M12.34M-14.10M17.99M16.58M17.77M20.92M27.92M27.77M27.28M30.10M
Mortgage Banking 7.43M2.20M0.86M4.68M1.62M1.02M0.93M44.11M49.72M50.79M53.06M55.61M51.84M55.19M59.21M62.96M
Other Non-Interest Income 8.31M9.05M42.36M30.45M25.84M30.75M26.33M24.88M31.25M29.64M26.21M34.72M34.14M15.31M11.78M20.01M
Non-Interest Income 53.34M60.40M58.98M58.90M66.48M70.77M68.84M85.36M110.48M91.70M99.41M132.26M142.89M110.85M113.82M87.01M
Operating Items
Amortization - Intangibles 11.05M11.74M11.51M9.12M7.82M6.28M4.31M4.26M6.76M5.85M6.54M6.86M5.55M4.28M3.27M2.45M
Research & Development 21.31M23.15M23.33M25.00M25.55M26.67M30.78M34.86M39.09M39.05M42.45M50.05M55.76M52.50M58.69M59.35M
Wages, Salaries and Other 95.59M100.71M106.59M111.73M112.19M115.97M119.82M142.59M152.30M152.40M163.09M178.38M193.89M188.36M195.69M214.46M
Selling, General & Administrative 12.95M13.86M12.85M13.22M14.45M11.71M12.34M14.90M16.34M14.14M14.13M15.73M13.77M13.32M12.96M12.43M
Rent Expense 26.13M28.86M27.52M28.72M30.62M31.07M29.62M29.15M29.47M
Restructuring Costs 1.23M0.02M0.39M9.75M12.21M4.42M1.01M4.17M20.79M
Other Operating Expenses 166.24M158.26M164.04M167.23M167.13M176.76M181.01M219.73M196.89M194.38M206.63M230.30M25.33M234.09M250.76M267.28M
Operating Expenses 200.49M196.51M200.23M205.48M207.13M215.53M233.88M307.84M285.60M276.10M296.10M347.49M348.81M329.52M351.55M368.54M
Operating Income -163.80M-143.53M-140.91M-144.66M-139.99M-156.15M
EBIT -163.80M-143.53M-140.91M-144.66M-139.99M-156.15M144.83M109.61M163.98M171.05M198.03M134.87M228.37M201.81M327.32M363.16M
Net income details
EBT 39.65M81.05M91.01M89.63M92.76M83.76M88.50M71.31M135.91M133.91M141.11M92.53M201.12M173.69M175.08M129.55M
Tax Provisions 15.76M23.52M26.86M26.24M26.20M21.80M27.96M21.65M41.44M28.42M30.68M17.67M46.80M40.03M40.12M29.27M
Profit After Tax 23.89M57.52M64.15M63.39M66.56M61.96M60.54M49.67M94.47M105.49M110.43M74.85M154.32M133.67M134.96M100.28M
Equity Income 66.00M-3.26M-70.85M2.76M7.25M5.15M5.10M81.00M
Income from Continuing Operations 23.89M57.52M64.15M63.39M66.56M61.96M60.54M49.67M94.47M105.49M110.43M74.85M154.32M133.67M134.96M100.28M
Consolidated Net Income 23.89M57.52M64.15M63.39M66.56M61.96M60.54M49.67M94.47M105.49M110.43M74.85M154.32M133.67M134.96M100.28M
Income towards Parent Company 23.89M57.52M64.15M63.39M66.56M61.96M60.54M49.67M94.47M105.49M110.43M74.85M154.32M133.67M134.96M100.28M
Net Income towards Common Stockholders 32.65M57.52M64.15M63.39M66.56M61.96M60.54M49.67M94.47M105.49M110.43M74.85M154.32M133.67M134.96M100.28M
Additional items
EPS (Basic) 0.300.530.640.680.730.680.640.500.941.031.050.621.221.051.060.79
EPS (Weighted Average and Diluted) 0.300.530.640.670.730.670.640.490.921.021.040.621.211.051.060.79
Shares Outstanding (Weighted Average) 109.37M110.81M97.50M97.64M94.19M94.72M
Tax Rate 39.75%29.02%29.51%29.28%28.24%26.02%31.59%30.36%30.49%21.22%21.74%19.10%23.27%23.04%22.92%22.59%