Company: NWBI
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001471265-25-000137
Chunk: 6

Company: Northwest Bancshares, Inc.
Filing Date: 2025-08-05
Form: 10-Q
Item: Item 1
Chunk 6
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 Other comprehensive income, net of tax of ($6,212)— — — — 19,408 19,408 Total comprehensive income— — — 33,910 19,408 53,318 Exercise of stock options6,392 — 81 — — 81 Stock-based compensation expense203,978 2 2,770 — — 2,772 Stock-based compensation forfeited(12,826)— — — — — Dividends paid ($0.40 per share)— — — (50,890)— (50,890)Ending balance at June 30, 2024127,307,997 $1,273 1,027,703 657,706 (130,084)1,556,598 

See accompanying notes to unaudited Consolidated Financial Statements.

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Table of Contents

 NORTHWEST BANCSHARES, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)

(in thousands)

Six months ended June 30, 20252024Operating activities:  Net income$77,133 33,910 Adjustments to reconcile net income to net cash provided by operating activities:  Provision for credit losses16,655 3,065 Loss on sale of investments— 39,413 Net gain/loss on sale of assets206 (5,468)Mortgage banking activity(1,771)(1,625)Gain on sale of SBA loans(2,057)(2,265)Net depreciation, amortization and accretion1,658 10,975 Decrease in other assets34,462 9,938 Decrease/(increase) in other liabilities(28,552)8,375 Net amortization on marketable securities(66)852 Noncash compensation expense related to stock benefit plans3,647 2,772 Noncash write-down of other assets315 5,795 Deferred income tax expense(860)2,907 Origination of loans held-for-sale(81,769)(99,421)Proceeds from sale of loans held-for-sale86,284 102,134 Net cash provided by operating activities105,285 111,357 Investing activities:  Purchase of marketable securities available-for-sale(112,198