Company: NWBI
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0001471265-25-000016
Chunk: 305

Company: Northwest Bancshares, Inc.
Filing Date: 2025-02-25
Form: 10-K
Item: Item 8
Chunk 305
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686 (149,492)1,551,317 Comprehensive income:     Net income— — 100,278 — 100,278 Other comprehensive income, net of tax of ($13,265)— — — 38,578 38,578 Total comprehensive income— — 100,278 38,578 138,856 Exercise of stock options2 2,453 — — 2,455 Stock-based compensation expense2 6,080 — — 6,082 Dividends paid ($0.80 per share)— — (101,854)— (101,854)Balance at December 31, 2024$1,275 1,033,385 673,110 (110,914)1,596,856 

 See accompanying notes to Consolidated Financial Statements.

74

NORTHWEST BANCSHARES, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS

(in thousands) Years ended December 31, 202420232022Operating activities:   Net income$100,278 134,957 133,666 Adjustments to reconcile net income to net cash provided by operating activities:Provision for credit losses24,505 22,874 28,315 Loss on sale of investments39,413 8,307 — Net (gain)/loss on sale of assets(11,871)2,117 42 Mortgage banking activity(3,210)(895)(3,512)Gain on sale of SBA loans(3,614)(1,754)— Gain on sale of mortgage servicing rights— (8,305)— Gain on sale of loans— (726)— Net depreciation, amortization and accretion21,340 24,497 6,448 Increase in other assets(2,185)(117,813)(33,751)Increase in other liabilities8,187 21,771 19,775 Net amortization on marketable securities676 3,090 4,808 Noncash compensation expense related to stock benefit plans6,081 4,576 4,074 Noncash write-down of real estate owned6,697 100 54 Deferred income tax expense/(benefit)2,803 (4,920)(5,504)