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Northwest Bancshares, Inc. (NWBI)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsDec-31-22Dec-31-21Dec-31-20Dec-31-19Dec-31-18Dec-31-17Dec-31-16Dec-31-15
   10-K10-K10-K10-K10-K10-K10-K10-K
    Interest income:  
        Interest income on loans  407.8390.3410.9394.8356.6340.0329.0298.7
        Interest income on investments  5.85.14.04.24.15.86.18.8
       448.8418.5434.1417.4375.8358.9345.6319.6
    Interest expense:  
        Interest on deposits  14.119.135.949.231.023.123.524.1
       70.473.6120.6163.0105.379.238.356.3
Net interest income  420.7391.3391.7360.5338.6330.8307.3263.3
Provision for loan losses     22.720.319.813.59.7
Net interest income after provision for loan losses  420.7391.3391.7337.8318.3311.0293.8253.5
        Deposit and loan fees         38.4
        Gain on sale of investments, net         1.0
        Other non-interest income  110.8142.9132.399.491.7110.585.429.4
Total non-interest income  110.8142.9132.399.491.7110.585.468.8
Non-interest expenses  340.0344.9347.5296.1276.1285.6307.8233.9
Pre-tax income before non-recurring items  173.7226.592.5141.1133.9153.183.598.3
Non-recurring items   25.3   17.212.29.8
Pre-tax income  173.7201.192.5141.1133.9135.971.388.5
Income taxes  40.046.817.730.728.441.421.628.0
            Tax rate  23.0%23.3%19.1%21.7%21.2%30.5%30.4%31.6%
Net income  133.7154.374.9110.4105.594.549.760.5
            Net margin  25.1%28.7%14.0%25.3%25.7%22.4%13.1%18.8%
   
Basic EPS  $1.06$1.22$0.62$1.05$1.03$0.94$0.50$0.64
Diluted EPS  $1.05$1.22$0.62$1.04$1.02$0.92$0.49$0.64
   
Shares outstanding (basic)  126.2126.2120.2104.9102.1101.099.494.3
Shares outstanding (diluted)  126.7127.0120.2105.8103.6102.6100.794.8
   
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.  

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