Company: NWBI
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0001471265-25-000016
Chunk: 131

Company: Northwest Bancshares, Inc.
Filing Date: 2025-02-25
Form: 10-K
Item: Item 1B
Chunk 131
---
 9,997 (25,959)Proceeds from sale of real estate owned1,024 2,735 1,633 Proceeds from sale of real estate owned for investment, net— — 305 Purchases of premises and equipment, net(2,308)(8,564)(4,320)Net cash provided by/(used in) investing activities174,974 (239,680)(917,423)

75

NORTHWEST BANCSHARES, INC.

CONSOLIDATED STATEMENTS OF CASH FLOWS

(in thousands) Years ended December 31, 202420232022Financing activities:   Net increase/(decrease) in deposits$164,651 515,354 (836,617)Repayments of long-term borrowings— — (10,094)Net (decrease)/increase in short-term borrowings(198,564)(282,270)542,073 (Decrease)/increase in advances by borrowers for taxes and insurance(3,211)(2,360)3,031 Cash dividends paid on common stock(101,854)(101,669)(101,468)Proceeds from stock options exercised2,455 630 5,173 Net cash (used in)/provided by financing activities(136,523)129,685 (397,902)Net increase/(decrease) in cash and cash equivalents$166,118 (17,105)(1,139,894)Cash and cash equivalents at beginning of period$122,260 139,365 1,279,259 Net increase/(decrease) in cash and cash equivalents166,118 (17,105)(1,139,894)Cash and cash equivalents at end of period$288,378 122,260 139,365 Cash paid during the period for:   Interest on deposits and borrowings (including interest credited to deposit accounts of $170,754, $86,316, and $13,399, respectively)$240,352 141,801 26,690 Income taxes27,790 47,996 39,365 Noncash activities:Loan foreclosures and repossessions$4,027 4,055 4,076 Sale of real estate owned financed by the Company— 70 175 

 See accompanying notes to Consolidated Financial Statements.

76

Table of ContentsNORTHWEST