Segment Information

9 Months Ended

Sep. 30, 2025

The Company’s reportable segment is determined by the Chief Executive Officer, who is the designated chief operating decision maker, based upon information provided about the Company’s products and services offered, primarily banking operations. Our one operating segment, Banking, is also distinguished by the level of information provided to the chief operating decision maker, who uses such information to review performance of the various components of the business such as branches and lending, which are then aggregated because operating performance, products/services and customers are similar. The chief operating decision maker will evaluate the financial performance of the Company’s business components by evaluating revenue streams, significant expenses and budget to actual results in assessing the Company’s segment and in the determination of allocating resources. The information reviewed is on a consolidated basis and discrete financial information is not available. The chief operating decision maker uses revenue streams to evaluate product pricing and significant expenses to assess performance and evaluate return on assets. The chief operating decision maker uses consolidated net income through return on average assets and return on average equity and the efficiency ratio, as well as loan growth to benchmark the Company against its competitors. The benchmarking analysis coupled with monitoring of budget to actual results are used in assessment performance and in establishing compensation. Loans, investments, and deposits provide the revenues in the banking operation. Interest expense, provisions for credits losses and payroll provide the significant expenses in the banking operating. All operations are domestic.

Accounting policies for segment are the same as those described in Note 1 of the Notes to the Consolidated Financial Statements in Item 8 of Part II of our 2024 Annual Report on Form 10-K. Segment performance is evaluated using consolidated net income. Information reported internally for performance assessment by the chief operating decision maker follows, inclusive of reconciliations of significant segment totals to the financial statements:


	Banking Segment
	Quarter ended September 30,			Nine months ended September 30,
	2025		2024	2025	2024

Interest income	$	194,678	171,381	546,843	498,474
Reconciliation of revenue
Service charges and fees	16,911		15,932	47,695	46,982
Trust and other financial services income	8,040		7,924	23,898	22,617
Gain (loss) on sale of investments	36		—	36	(39,413)
Other revenue (1)	7,211		3,977	19,862	16,761
Consolidated revenues	$	226,876	199,214	638,334	545,421

Less:
Interest expense	58,704		60,079	163,607	177,093
Segment net interest income and noninterest income	$	168,172	139,135	474,727	368,328
Less:
Provision for credit losses	31,205		4,875	47,860	7,940
Compensation and employee benefits	63,014		56,186	172,767	161,257
Processing expenses	15,072		14,570	42,035	43,990
Premises and occupancy costs	7,707		7,115	23,229	22,206
Professional services	3,010		3,302	9,756	11,095
Office operations	3,495		2,811	9,382	9,397
Federal deposit insurance premiums	3,361		2,763	7,985	8,651
Other segment items (2)	37,839		4,020	57,621	16,615
Income tax expense	302		9,875	23,792	19,649
Segment net income/consolidated net income	$	3,167	33,618	80,300	67,528

(1) Other revenues include loan sales, gain on real estate owned, income from bank owned life insurance and other operating income.

(2) Other segment items include expenses for collections, marketing, amortization of intangibles, merger, asset disposition and restructuring and other operating expense.


	Banking Segment
	Quarter ended September 30,			Nine months ended September 30,
	2025		2024	2025	2024

Other segment disclosures
Interest income	$	194,678	171,381	546,843	498,474
Interest expense	58,704		60,079	163,607	177,093
Depreciation	1,147		1,583	6,667	2,564
Amortization	1,974		590	2,914	1,926
Other significant noncash items:
Provision for credit losses	31,205		4,875	47,860	7,940
Segment assets	16,381,009		14,354,325	16,381,009	14,354,325
Expenditures for segment assets	3,648		1,989	9,099	2,076

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

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+ Details

Northwest Bancshares, Inc. 10-Q