Company: NWBI
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0001471265-25-000016
Chunk: 213

Company: Northwest Bancshares, Inc.
Filing Date: 2025-02-25
Form: 10-K
Item: Item 1B
Chunk 213
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,966 276,026 Investment in bank subsidiary1,627,392 1,588,711 Other assets9,397 9,405 Total assets$1,875,755 1,874,142 Liabilities and shareholders’ equity  Liabilities:  Debentures payable$244,372 243,763 Other liabilities2,427 2,302 Total liabilities246,799 246,065 Shareholders’ equity1,628,956 1,628,077 Total liabilities and shareholders’ equity$1,875,755 1,874,142 Statements of Income Years ended December 31, 202420232022Income:   Interest income$185 187 140 Other income737 729 805 Dividends from bank subsidiary75,000 215,000 161,000 Undistributed earnings from equity investment in bank subsidiary38,694 (67,106)(18,187)Total income114,616 148,810 143,758 Expense:   Compensation and employee benefits1,972 1,906 1,656 Other expenses1,339 1,044 1,042 Interest expense14,593 14,342 9,825 Total expense17,904 17,292 12,523 Income before income taxes96,712 131,518 131,235 Income tax benefit(3,566)(3,439)(2,431)Net income$100,278 134,957 133,666 

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Table of ContentsNORTHWEST BANCSHARES, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTSDecember 31, 2024, 2023 and 2022

Statements of Cash Flows      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:   Undistributed earnings of subsidiary(38,694)67,106 18,187 Net change in other assets and liabilities757 900 (9,457)Net cash provided by operating activities62,341 202,963 142,396 Investing activities:   Net cash used in investing activities— — —