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Northwest Bancshares (Northwest Bancshares) Net Interest Margin (Bank Only) % : 3.23% (As of Dec. 2023)


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What is Northwest Bancshares Net Interest Margin (Bank Only) %?

Net Interest Margin (Bank Only) % is a measure of the difference between the interest income generated by banks or other financial institutions and the amount of interest paid out to their lenders (for example, deposits), relative to the amount of their interest-earning assets. It is usually calculated as a percentage of what the financial institution earns on loans in a time period and other assets minus the interest paid on borrowed funds divided by the average amount of the assets on which it earned income in that time period (the average earning assets).

GuruFocus calculates Net Interest Margin (Bank Only) % as Net Interest Income (for Banks) divided by its average earning assets. Northwest Bancshares's annualized Net Interest Income (for Banks) for the quarter that ended in Dec. 2023 was $422.5 Mil. Northwest Bancshares's average earning assets for the quarter that ended in Dec. 2023 was $13,086.7 Mil. Therefore, Northwest Bancshares's annualized Net Interest Margin (Bank Only) % for the quarter that ended in Dec. 2023 was 3.23%.


Northwest Bancshares Net Interest Margin (Bank Only) % Historical Data

The historical data trend for Northwest Bancshares's Net Interest Margin (Bank Only) % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Northwest Bancshares Net Interest Margin (Bank Only) % Chart

Northwest Bancshares Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Net Interest Margin (Bank Only) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.90 3.62 3.22 3.34 3.32

Northwest Bancshares Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Net Interest Margin (Bank Only) % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.45 3.30 3.30 3.23 3.11

Competitive Comparison of Northwest Bancshares's Net Interest Margin (Bank Only) %

For the Banks - Regional subindustry, Northwest Bancshares's Net Interest Margin (Bank Only) %, along with its competitors' market caps and Net Interest Margin (Bank Only) % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Northwest Bancshares's Net Interest Margin (Bank Only) % Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Northwest Bancshares's Net Interest Margin (Bank Only) % distribution charts can be found below:

* The bar in red indicates where Northwest Bancshares's Net Interest Margin (Bank Only) % falls into.



Northwest Bancshares Net Interest Margin (Bank Only) % Calculation

Net Interest Margin (Bank Only) % (NIM) is a measure of the difference between the interest income generated by banks or other financial institutions and the amount of interest paid out to their lenders (for example, deposits), relative to the amount of their interest-earning assets. It is usually calculated as a percentage of what the financial institution earns on loans in a time period and other assets minus the interest paid on borrowed funds divided by the average amount of the assets on which it earned income in that time period (the average earning assets).

Northwest Bancshares's annualized Net Interest Margin (Bank Only) % for the fiscal year that ended in Dec. 2023 is calculated as

Net Interest Margin (Bank Only) %(A: Dec. 2023 )
=(Interest Income + Interest Expense)/Average Earning Assets
=Net Interest Income (for Banks)/( (Earning Assets (A: Dec. 2022 ) + Earning Assets (A: Dec. 2023 ))/ count )
=432.815/( (12901.773 + 13147.764)/ 2 )
=432.815/13024.7685
=3.32 %

where

Earning Assets(A: Dec. 2022 )
=Money Market Investments + Net Loan + Securities & Investments
=0 + 10802.416 + 2099.357
=12901.773

Earning Assets(A: Dec. 2023 )
=Money Market Investments + Net Loan + Securities & Investments
=0 + 11289.566 + 1858.198
=13147.764

Northwest Bancshares's annualized Net Interest Margin (Bank Only) % for the quarter that ended in Dec. 2023 is calculated as

Net Interest Margin (Bank Only) %(Q: Dec. 2023 )
=(Interest Income + Interest Expense)/Average Earning Assets
=Net Interest Income (for Banks)/( (Earning Assets (Q: Sep. 2023 ) + Earning Assets (Q: Dec. 2023 ))/ count )
=422.544/( (13025.614 + 13147.764)/ 2 )
=422.544/13086.689
=3.23 %

where

Earning Assets(Q: Sep. 2023 )
=Money Market Investments + Net Loan + Securities & Investments
=0 + 11185.432 + 1840.182
=13025.614

Earning Assets(Q: Dec. 2023 )
=Money Market Investments + Net Loan + Securities & Investments
=0 + 11289.566 + 1858.198
=13147.764

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Note: Interest Expense is the negative value.

In the calculation of annual Net Interest Margin (Bank Only) %, the Net Interest Income (for Banks) of the last fiscal year and the average earning assets over the fiscal year are used. In calculating the quarterly data, the Net Interest Income (for Banks) data used here is four times the quarterly (Dec. 2023) net interest income data. Net Interest Margin (Bank Only) % is displayed in the 30-year financial page for Banks.


Northwest Bancshares  (NAS:NWBI) Net Interest Margin (Bank Only) % Explanation

The negative value of Net Interest Margin (Bank Only) % mean the firm pays more interest for its debt than the interest revenue generated from its investment.


Northwest Bancshares Net Interest Margin (Bank Only) % Related Terms

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Northwest Bancshares (Northwest Bancshares) Business Description

Industry
Traded in Other Exchanges
Address
3 Easton Oval, Suite 500, Columbus, OH, USA, 43219
Northwest Bancshares Inc is a stockholding company for Northwest Bank. Northwest Bank is a stock savings bank and a community-oriented financial institution offering personal and banking business solutions, investment management, trust services and insurance products. It also offers consumer finance loans through a wholly-owned subsidiary. The bank's loan portfolio segment consists of personal banking and business banking loans. Personal banking includes residential mortgages, home equity loans, and other consumer loans. Business banking loans consist of commercial real estate loans and commercial loans. Net interest income is the company's primary contributor to revenue.
Executives
Timothy B Fannin director 100 LIBERTY STREET, WARREN PA 16365
Devin T Cygnar officer: EVP, Chief Marketing Officer 100 LIBERTY STREET, WARREN PA 16365
Jeffrey J Maddigan officer: EVP, Corporate Treasurer 3 EASTON OVAL, SUITE 500, COLUMBUS OH 43219
Louis J Torchio officer: Sr. EVP Retail Lending 100 LIBERTY STREET, WARREN PA 16365
Carey A. Barnum officer: SVP, Chief Auditor 3 EASTON OVAL, SUITE 500, COLUMBUS OH 43219
Scott J Watson officer: EVP, Chief Information Officer 100 LIBERTY STREET, WARREN PA 16365
Jacques Marc Desmarteau officer: SEVP, Chief Comm. Banking Ofc. 3 EASTON OVAL, SUITE 500, COLUMBUS OH 43219
James M Colestro officer: EVP, Retail Lend & Bus Banking 3 EASTON OVAL, SUITE 500, COLUMBUS OH 43219
Amber Lee Williams director 3 EASTON OVAL, SUITE 500, COLUMBUS OH 43219
Mark A Paup director 100 LIBERTY STREET, WARREN PA 16365
Robert M Campana director NORTHWEST BANCSHARES, INC., 100 LIBERTY STREET, WARREN PA 16365
David M Tullio director 100 LIBERTY STREET, WARREN PA 16365
Richard K Laws officer: EVP Chief Legal Counsel 100 LIBERTY STREET, WARREN PA 16365
Mark T. Reitzes officer: EVP Head of Commercial Lending 3723 GLENMORE AVENUE, CHEVIOT OH 45211
Gregory J. Betchkal officer: EVP, Chief Risk Officer 3 EASTON OVAL, SUITE 500, COLUMBUS OH 43219

Northwest Bancshares (Northwest Bancshares) Headlines