Northwest Bancshares (FRA:NHS) Credit Losses Provision : €19.6 Mil (As of Mar. 2024)

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What is Northwest Bancshares Credit Losses Provision?

Northwest Bancshares's credit losses provision for the three months ended in Mar. 2024 was €3.2 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Mar. 2024 was €19.6 Mil.

Northwest Bancshares's quarterly credit losses provision increased from Sep. 2023 (€0.9 Mil) to Dec. 2023 (€7.3 Mil) but then declined from Dec. 2023 (€7.3 Mil) to Mar. 2024 (€3.2 Mil).

Northwest Bancshares's annual credit losses provision increased from Dec. 2021 (€-14.0 Mil) to Dec. 2022 (€26.7 Mil) but then declined from Dec. 2022 (€26.7 Mil) to Dec. 2023 (€21.0 Mil).

Northwest Bancshares Credit Losses Provision Historical Data

The historical data trend for Northwest Bancshares's Credit Losses Provision 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.

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Northwest Bancshares Credit Losses Provision Chart

Northwest Bancshares Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Credit Losses Provision

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20.39

69.03

-13.97

26.73

20.98

Northwest Bancshares Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Credit Losses Provision	Get a 7-Day Free Trial															4.67	8.24	0.94	7.29	3.16

Northwest Bancshares Credit Losses Provision Calculation

For each period of operations, banks may reserve a portion of their income to cover the possible non-performing loans. The amount of the Credit Losses Provision is dependent on the management's estimate of the load quality they have. The higher Credit Losses Provision is, the lower banks' reported income in. This does not affect banks' cash flow statement.

Credit Losses Provision for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €19.6 Mil.

Northwest Bancshares (FRA:NHS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Northwest Bancshares Inc (FRA:NHS) » Definitions » Credit Losses Provision

Comparable Companies

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NWBI:USA

Address

3 Easton Oval, Suite 500, Columbus, OH, USA, 43219

Website

https://www.northwest.bank

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.