Company: NWBI
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001471265-25-000161
Chunk: 6

Company: Northwest Bancshares, Inc.
Filing Date: 2025-11-10
Form: 10-Q
Item: Item 1
Chunk 6
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AmountBeginning balance at December 31, 2023127,110,453 $1,271 1,024,852 674,686 (149,492)1,551,317 Comprehensive income:      Net income— — — 67,528 — 67,528 Other comprehensive income, net of tax of ($13,976)— — — — 43,314 43,314 Total comprehensive income— — — 67,528 43,314 110,842 Exercise of stock options101,123 1 1,179 — — 1,180 Stock-based compensation expense213,906 2 4,353 — — 4,355 Stock-based compensation forfeited(25,283)— — — — — Dividends paid ($0.60 per share)— — — (76,369)— (76,369)Ending balance at September 30, 2024127,400,199 $1,274 1,030,384 665,845 (106,178)1,591,325 

See accompanying notes to unaudited Consolidated Financial Statements.

5

Table of Contents

 NORTHWEST BANCSHARES, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)

(in thousands)

Nine months ended September 30, 20252024Operating activities:  Net income$80,300 67,528 Adjustments to reconcile net income to net cash provided by operating activities:  Provision for credit losses47,860 7,940 (Gain)/loss on sale of investments(36)39,413 Net gain/loss on sale of assets68 (5,646)Mortgage banking activity(2,774)(2,616)Gain on sale of SBA loans(2,398)(2,873)Net depreciation, amortization and accretion1,706 18,113 Decrease in other assets36,558 44,932 (Increase)/decrease in other liabilities(9,258)19,721 Net amortization on marketable securities(211)754 Noncash compensation expense related to stock benefit plans4,532 4,355 Noncash write-down of other assets2,589 6,140