Northwest Bancshares (Northwest Bancshares) Long-Term Capital Lease Obligation : $0.0 Mil (As of Mar. 2024)

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What is Northwest Bancshares Long-Term Capital Lease Obligation?

Northwest Bancshares's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0.0 Mil.

Northwest Bancshares Long-Term Capital Lease Obligation Historical Data

The historical data trend for Northwest Bancshares's Long-Term Capital Lease Obligation 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 Long-Term Capital Lease Obligation Chart

Northwest Bancshares Annual Data

Trend

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Long-Term Capital Lease Obligation

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Northwest Bancshares Quarterly Data
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Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	-	-	-	-

Northwest Bancshares (NAS:NWBI) Long-Term Capital Lease Obligation Explanation

Long-Term Capital Lease Obligation are the amount due for long-term asset lease agreements that are nearly equivalent to asset purchases. Capital lease obligations are installment payments that constitute a payment of principal plus interest for the capital lease. The Short-Term Capital Lease Obligation is the portion of a Long-Term Capital Lease Obligation that is due over the next year.

Under US Generally Accepted Accounting Principles (GAAP), a capital lease is essentially equivalent to a purchase by the lessee if it meets the following criteria:

1. Ownership of the asset is transferred to the lessee at the end of the lease term;
2. The lease contains a bargain purchase option to buy the equipment at less than fair market value;
3. The lease term equals or exceeds 75% of the asset's estimated useful life;
4. The present value of the lease payments equals or exceeds 90% of the total original cost of the equipment.

Northwest Bancshares Long-Term Capital Lease Obligation Related Terms

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Northwest Bancshares (Northwest Bancshares) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Northwest Bancshares Inc (NAS:NWBI) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

NHS:Germany

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.

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