Company: NWBI
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001471265-25-000161
Chunk: 7

Company: Northwest Bancshares, Inc.
Filing Date: 2025-11-10
Form: 10-Q
Item: Item 1
Chunk 7
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 Deferred income tax expense(8,231)2,641 Origination of loans held-for-sale(145,358)(150,354)Proceeds from sale of loans held-for-sale141,882 154,594 Net cash provided by operating activities147,229 204,642 Investing activities:  Purchase of marketable securities available-for-sale(134,179)(383,192)Proceeds from maturities and principal reductions of marketable securities held-to-maturity47,634 47,482 Proceeds from maturities and principal reductions of marketable securities available-for-sale88,249 59,925 Proceeds from sale of marketable securities available-for-sale80,171 275,585 Proceeds from bank-owned life insurance776 874 Loan originations(3,095,013)(2,729,306)Proceeds from loan maturities and principal reductions3,208,141 2,820,106 Net proceeds of FHLB stock17,065 8,923 Proceeds from sale of real estate owned584 746 Purchases of premises and equipment, net(9,099)(2,076)Acquisitions, net of cash received30,899 — Net cash used in investing activities235,228 99,067 Financing activities:Net increase in deposits(65,917)91,177 Net decrease in short-term borrowings(226,095)(194,521)Increase in advances by borrowers for taxes and insurance(20,202)(20,553)Cash dividends paid on common stock(80,567)(76,369)Proceeds from stock options exercised763 1,180 Net cash provided by financing activities(392,018)(199,086)Net (decrease)/increase in cash and cash equivalents$(9,561)104,623 Cash and cash equivalents at beginning of period$288,378 122,260 Net (decrease)/increase in cash and cash equivalents(9,561)104,623 Cash and cash equivalents at end of period$278,817 226,883 Cash paid during the period for:Interest on deposits and borrowings (including interest credited to deposit accounts of $132,632 and $81,238, respectively)$159,987 175,637 Income taxes35,616 15,245 Non-cash activities:Loan foreclosures and repossessions$2,996 3,259