Company: NWBI
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0001471265-25-000016
Chunk: 389

Company: Northwest Bancshares, Inc.
Filing Date: 2025-02-25
Form: 10-K
Item: Item 8
Chunk 389
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 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$100,278 134,957 133,666 Adjustments to reconcile net income to net cash provided by operating activities:   Undistributed earnings of subsidiary(38,694)67,106 18,187 Net change in other assets and liabilities757 900 (9,457)Net cash provided by operating activities62,341 202,963 142,396 Investing activities:   Net cash used in investing activities— — — Financing activities:   Cash dividends paid on common stock(101,854)(101,669)(101,468)Repurchase of Northwest stock— — — Proceeds from stock options exercised2,453 630 5,173 Net cash used in financing activities(99,401)(101,039)(96,295)Net (decrease)/increase in cash and cash equivalents$(37,060)101,924 46,101 Cash and cash equivalents at beginning of period$276,026 174,102 128,001 Net (decrease)/increase in cash and cash equivalents(37,060)101,924 46,101 Cash and cash equivalents at end of period$238,966 276,026 174,102 

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

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