The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Daniel Tamayo - Raymond James Financial Inc - Analyst
: Thanks. Good morning, guys. Maybe starting just kind of drilling into the margin guidance a little bit, Doug. I was about to ask you about the
conservative nature perhaps of the keeping the guide, and then you made the comment right at the end about at or above the range. So just
curious kind of How you're thinking about that going forward I mean like kind of near term relative to the end of the year you've got the 1 to 3 cuts
in there. I'm sorry, I think you sorry, if you could just clarify the number of cuts that you've got in there and then just thoughts on how you how
that margin, the core margin may trend and if you've if you've got any updated thoughts on what the acquisition may do to the margin as well,
that'd be great.
Question: Daniel Tamayo - Raymond James Financial Inc - Analyst
: Okay and then I guess just looking at the deposits, so kind of similar question related to the margin, but you had good really pretty strong money
market growth in the quarter, curious the driver there, the overall average rates are still very low at 181 in the quarter. Just curious what you were
bringing those on in in the first quarter and. You know where you're expecting to drive deposit growth going forward.
Question: Daniel Tamayo - Raymond James Financial Inc - Analyst
: Okay, and it's safe to assume the new money market I mean money market rates going up basically but just moving out of CDs. I'm assuming those
are in the three somewhere.
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APRIL 29, 2025 / 1:00PM, NWBI.OQ - Q1 2025 Northwest Bancshares Inc Earnings Call
Question: Daniel Tamayo - Raymond James Financial Inc - Analyst
: I, yeah, just on the money market rates, the new money market rates.
Question: Daniel Tamayo - Raymond James Financial Inc - Analyst
: Oh, got it. Okay, I understand. Okay, all right, thanks for taking my questions.
Question: Tim Switzer - Keefe, Bruyette & Woods Inc - Analyst
: Hey, good morning. Thank you for taking my questions. Hope you guys are doing well. Congratulations on getting the approvals for Pins Woods,
are you guys able to provide any kind of guidelines on maybe the changes to tangible book value delusion and the expected purchase accounting
accretion due to the change in rate since you guys have announced the deal.
Question: Tim Switzer - Keefe, Bruyette & Woods Inc - Analyst
: I got you. I understand. And are you able to provide a bit of an update on the credit trends you guys are seeing, particularly with a lot of the disruption
from the tariffs and macro uncertainty, are there any industries particularly impacted by tariffs that you guys feel that you're exposed to and I'll
have the conversations with those customers been?
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APRIL 29, 2025 / 1:00PM, NWBI.OQ - Q1 2025 Northwest Bancshares Inc Earnings Call
Question: Tim Switzer - Keefe, Bruyette & Woods Inc - Analyst
: Okay, I got it and last question for me, are you guys able to provide an update on the commercial loan build out you guys have been working on
and any specific categories where you guys have, more recently been, taking chairing.
Question: Tim Switzer - Keefe, Bruyette & Woods Inc - Analyst
: Got it, thank you for all the colours.
Question: Matthew Breese - Stephens Inc - Analyst
: Hey, good morning. I was hoping you could talk a little bit about the competitive landscape. Where are you seeing the most spread compression,
and then I would love to hear a bit about roll on versus roll off fields, across your lending category, where are you getting the most pick up? Thanks.
Question: Matthew Breese - Stephens Inc - Analyst
: Yeah, just to follow up on that last comment, if the pull through isn't as strong, one of the things we saw this quarter was consumer loan growth
was a bit stronger than we've seen in a while. Is that a lever you might pull and as we think about the composition of growth this year, so we
anticipate a bit more consumer growth.
Question: Matthew Breese - Stephens Inc - Analyst
: Got it. That's all I had. I appreciate you taking my questions. Thank you.
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