NORTHWEST BANCSHARES, INC. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS (form 10-Q) – Marketscreener.com




Forward-Looking Statements
Important factors that might cause such a difference include, but are not limited to:
• inflation and changes in the interest rate environment that reduce our margins, our loan origination, or the fair value of financial instruments;
•changes in asset quality, including increases in default rates on loans and higher levels of nonperforming loans and loan charge-offs generally, and specifically resulting from the economic dislocation caused by the COVID-19 pandemic;
•changes in laws or government regulations or policies affecting financial institutions, including changes in regulatory fees and capital requirements;
•changes in federal, state, or local tax laws and tax rates;
• general economic conditions, either nationally or in our market areas, that are different than expected;
• adverse changes in the securities and credit markets;
• cyber-security concerns, including an interruption or breach in the security of our website or other information systems;
• technological changes that may be more difficult or expensive than expected;
• the ability of third-party providers to perform their obligations to us;
• competition among depository and other financial institutions, including with respect to service charges and fees;
• our ability to enter new markets successfully and capitalize on growth opportunities;
• our ability to manage our internal growth and our ability to successfully integrate acquired entities, businesses or branch offices;
• changes in consumer spending, borrowing and savings habits;
• our ability to continue to increase and manage our commercial and personal loans;
• possible impairments of securities held by us, including those issued by government entities and government sponsored enterprises;
• the impact of the economy on our loan portfolio (including cash flow and collateral values), investment portfolio, customers and capital market activities;
• our ability to receive regulatory approvals for proposed transactions or new lines of business;
• the effects of any federal government shutdown;
• changes in the financial performance and/or condition of our borrowers;
• changes in the level and direction of loan delinquencies and write-offs and changes in estimates of the adequacy of the allowance for credit losses;
• our compensation expense associated with equity allocated or awards to our employees.
Please refer to Note 1 of the Notes to Consolidated Financial Statements in Item 8 of Part II of our 2021 Annual Report on Form 10-K.
Recently Issued Accounting Standards
The following accounting standard updates issued by the FASB have not yet been adopted.
Comparison of Financial Condition
requirements
Ratio
(1) Amounts and ratios include the capital conservation buffer of 2.5%, which does not apply to Tier 1 capital to average assets (leverage ratio).
——————————————————————————–
requirements
Ratio
(1) Amounts and ratios include the capital conservation buffer of 2.5%, which does not apply to Tier 1 capital to average assets (leverage ratio).
Liquidity
Dividends
(1)Included in nonaccrual loans above.
Allowance for Credit Losses
Interest Income
Interest Expense
Interest expense decreased by $729,000, or 11.1%, to $5.9 million for the quarter ended September 30, 2022 from $6.6 million for the quarter ended September 30, 2021. This decrease in interest expense was primarily due to the decrease in the average
Net Interest Income
Provision for Credit Losses
Noninterest Income
Noninterest Expense
Interest Income
Provision for Credit Losses
Noninterest Income
Income Taxes
——————————————————————————–
margin
interest- bearing liabilities
——————————————————————————–
Table of Contents
For the quarter ended September 30, 2022 vs. 2021
——————————————————————————–
——————————————————————————–
Table of Contents
the nine months ended September 30, 2022 vs. 2021
——————————————————————————–
Table of Contents
© Edgar Online, source Glimpses

source


CyberTelugu

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top