Company: NWBI
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001471265-25-000137
Chunk: 7

Company: Northwest Bancshares, Inc.
Filing Date: 2025-08-05
Form: 10-Q
Item: Item 1
Chunk 7
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)(318,280)Proceeds from maturities and principal reductions of marketable securities held-to-maturity30,658 30,254 Proceeds from maturities and principal reductions of marketable securities available-for-sale49,644 40,455 Proceeds from sale of marketable securities available-for-sale— 275,585 Proceeds from bank-owned life insurance111 874 Loan originations(1,969,106)(1,969,342)Proceeds from loan maturities and principal reductions1,866,780 2,020,162 Net proceeds of FHLB stock3,197 9,304 Proceeds from sale of real estate owned410 638 Purchases of premises and equipment, net(5,451)(1,988)Net cash used in investing activities(135,955)87,662 Financing activities:Net increase in deposits56,475 107,477 Net decrease in short-term borrowings(2,323)(156,532)Increase in advances by borrowers for taxes and insurance5,823 7,018 Cash dividends paid on common stock(51,194)(50,890)Proceeds from stock options exercised586 81 Net cash provided by financing activities9,367 (92,846)Net (decrease)/increase in cash and cash equivalents$(21,303)106,173 Cash and cash equivalents at beginning of period$288,378 122,260 Net (decrease)/increase in cash and cash equivalents(21,303)106,173 Cash and cash equivalents at end of period$267,075 228,433 Cash paid during the period for:Interest on deposits and borrowings                                                                                                                                (including interest credited to deposit accounts of $80,748 and $81,238, respectively)$105,881 109,260 Income taxes27,841 13,972 Non-cash activities:Loan foreclosures and repossessions$1,977 2,294 

See accompanying notes to unaudited Consolidated Financial Statements.

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Table of Contents

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Unaudited)

(1)    Basis of Presentation and Informational Disclosures

 Northwest Bancshares, Inc. (the “Company” or “Northwest”), a Maryland corporation headquartered in Columbus, Ohio, is a bank holding company regulated by the Board of Governors of the Federal Reserve Board (“