Company: NWBI
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0001471265-25-000016
Chunk: 110

Company: Northwest Bancshares, Inc.
Filing Date: 2025-02-25
Form: 10-K
Item: Item 1B
Chunk 110
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 million of subordinated debt. At December 31, 2024, Northwest Bancshares, Inc. (on an unconsolidated basis) had liquid assets of $239 million.

Other activity with respect to cash flow was the payment of cash dividends on common stock in the amount of $102 million, $102 million, and $101 million for years the ended December 31, 2024, 2023 and 2022, respectively.

At December 31, 2024, stockholders’ equity totaled $1.6 billion. During 2024, our Board of Directors declared regular quarterly cash dividends totaling $0.80 per share of common stock.

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Regulatory Capital Requirements. Northwest Bancshares, Inc. and Northwest Bank are required to meet minimum capital requirements and subject to “well capitalized” standards established by the Federal Reserve Board and FDIC, respectively. See “Item 1. Business—Supervision and Regulation—Federal Bank Holding Company Regulation—Capital Requirements and Prompt Corrective Action” and “Item 1. Business—Supervision and Regulation—Federal Banking Regulation—Prompt Corrective Action. At December 31, 2024, Northwest Bancshares, Inc. and Northwest Bank exceeded all regulatory minimum capital requirements and were considered to be “well capitalized”. The following table summarizes Northwest Bancshares and Northwest Bank’s total shareholders’ equity, regulatory capital, total risk-based assets, and leverage and risk-based capital ratios at the dates indicated.

Northwest Bancshares, Inc. Northwest Bank At December 31,At December 31, 2024202320242023 (Dollars in thousands)(Dollars in thousands)Total shareholders’equity (GAAP capital)$1,601,303 1,560,316 $1,595,639 1,516,850 Add: Accumulated other comprehensive loss110,914 149,492 110,914 149,492 Add: Other deductions(11,617)(11,645)(11,617)(11,645)Less: non-qualifying intangible assets(357,799)(269,982)(353,706)(265,889)CET 1 capital1,342,801 1,428,181 1,341,230 1,388,808 Additions to Tier 1 capital125,845 125,585 — — Leverage or Tier 1 capital1