NORTHWEST BANCSHARES, INC. NWBI Cash Flow

Northwest bancshares, inc. (NWBI)

CashFlow / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10
Operating activities:
Net income
7,939	25,591	33,414	26,383	25,044	26,467	27,740	26,299	24,985	22,148	23,591	30,982	17,746	24,494	14,197	-7,008	17,984	16,193	12,872	15,305	16,170	17,345	17,332	12,674	14,611	20,372	17,411	13,478	15,298	16,154	15,693	16,361	15,181	15,175	16,720	15,003	17,253	12,738	15,491	16,141	13,153
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for credit losses
27,637	8,223	3,302	4,667	6,467	3,792	6,982	5,349	4,209	6,525	3,027	5,562	4,637	2,145	5,538	4,199	1,660	4,595	3,167	1,050	900	1,078	3,466	8,285	7,485	964	4,992	5,405	7,158	8,173	6,915	4,963	6,287	10,502	8,057	8,367	7,244	13,918	9,871	7,896	8,801
Net (gain)/loss on sale of assets
1,918	1,982	1,915	-615	-810	81	-643	-106	-1,009	-816	1,082	-49	410	1,534	838	1,167	960	362	248	585	-274	555	807	272	3,602	5,248	229	-143	727	2,404	1,322	-204	-628	274	-1,676	-989	-608	-1,830	1,322	928	-1,230
Net depreciation, amortization and accretion
1,413	2,897	-477	119	1,285	522	890	2,955	3,753	3,342	2,836	2,533	5,582	5,450	4,642	2,475	2,857	4,167	2,220	1,022	1,549	2,893	2,038	2,092	2,845	2,314	1,930	1,652	3,056	2,300	3,475	1,224	2,467	933	2,223	526	4,108	3,988	3,691	3,453	3,639
Increase in other assets
38,950	1,774	6,203	16,767	41,336	-2,524	2,965	7,281	-1,294	18,066	-1,596	-11,738	-7,634	-1,175	-83	-25,149	1,644	-467	-26,269	-5,548	-5,685	-2,620	-1,960	5,371	-10,032	-6,255	5,398	-2,446	-8,754	-1,947	-1,177	-5,032	-10,432	1,777	1,286	-2,239	-8,358	-59,667	53,691	1,456	-6,540
Increase in other liabilities
49,956	-20,976	6,059	32,809	36,106	-1,177	4,324	3,088	-7,364	9,933	3,495	2,731	-4,465	-4,202	6,719	-9,623	11,907	-10,005	-10,162	33	1,136	-19,018	-308	3,003	-6,534	-1,241	4,152	5,001	-5,022	1,459	3,464	3,881	2,547	-27,117	1,917	4,278	-4,045	-3,618	-1,053	5,646	-6,216
Net amortization on marketable securities
-233	-245	-236	-205	-236	-554	-419	-432	-466	-482	-485	-532	-518	-606	-498	-491	-544	-613	-363	-86	-87	-95	-78	-105	-105	-94	-145	-2	-57	17	40	-35	54	-55	-17	-86	344	-584	-387	354	747
Noncash compensation expense related to stock benefit plans
1,495	1,427	1,683	2,535	1,200	2,475	1,272	2,298	978	1,172	1,094	1,710	918	1,276	6,448	1,952	1,240	2,294	1,020	1,393	863	1,448	1,302	1,722	1,239	1,029	1,441	1,531	1,082	1,092	1,088	1,420	1,023	1,040	1,036	3,782	867	1,194	15	225	803
Noncash impairment losses on investment securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-93	0	-238	-	-	-	-	-834	-392	-218	-97
Noncash write-down of real estate owned
100	59	211	177	160	237	341	166	774	251	261	301	418	207	347	163	764	583	413	746	1,181	474	463	733	648	578	609	2,525	446	2,813	1,243	350	536	-749	1,782	0	416	-	-	-	-
Deferred income tax (benefit)/expense
-	-	-	-	-	-	-	-	-	-	-	-	-	3,179	205	0	-650	6,290	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Origination of loans held-for-sale
29,912	36,624	31,776	0	0	0	0	0	1,297	6,657	21,788	19,034	18,579	63,730	74,334	104,767	9,373	2,133	150	0	221	284	0	98	660	362	420	3,108	32,883	68,339	73,419	56,790	50,110	389	31,244	30,869	15,385	102,515	77,263	20,550	6,944
Proceeds from sale of loans held-for-sale
32,309	38,587	23,764	0	0	0	0	0	4,501	5,062	30,842	10,546	26,653	84,370	84,016	73,610	432	2,139	151	0	224	292	0	116	907	142	735	6,663	45,010	68,040	73,127	58,333	36,982	367	38,216	26,440	23,215	109,787	80,175	12,563	2,785
Net increase in assets and liabilities held-for-sale
-	-	-	-	-	-	-	-	-	-	-	-	-3,382	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by operating activities
50,302	16,743	29,751	50,996	29,972	32,521	39,646	33,434	33,308	36,325	44,357	27,082	44,034	53,436	47,521	9,994	24,761	24,841	35,915	24,598	27,848	14,983	25,524	22,989	27,076	26,872	25,368	35,738	42,229	34,424	31,458	35,013	26,157	5,945	39,114	31,348	42,295	44,277	-19,325	24,710	20,681
Investing activities:
Purchase of marketable securities held-to-maturity
-	-	-	-	-	-	-	-	-	0	0	0	23,621	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	20,906	181,660	283,429
Purchase of marketable securities available-for-sale
20,610	76,549	47,633	55,803	20,219	12,938	106,363	94,629	14,250	8,181	1,261	128,504	80,346	0	236,673	2,000	0	0	0	29,995	29,985	15,000	12,191	0	22,805	1,359	6,011	119,269	108,326	209,139	154,748	67,175	77,491	39,306	12,982	93,075	91,695	172,713	123,863	0	0
Proceeds from maturities and principal reductions of marketable securities held-to-maturity
825	919	1,445	1,253	1,090	1,453	1,516	1,958	1,965	2,277	4,240	5,677	1,708	2,603	2,553	2,618	3,926	15,649	14,207	29,495	12,914	6,521	3,947	3,562	3,643	4,571	7,503	9,834	11,856	12,674	12,413	36,769	14,401	37,045	12,184	33,463	43,320	40,800	36,177	42,322	7,467
Proceeds from maturities and principal reductions of marketable securities available-for-sale
86,354	62,304	96,191	51,302	31,282	30,722	91,457	50,462	37,721	61,243	80,105	33,786	30,955	51,338	49,502	82,103	95,678	96,455	72,192	81,301	30,329	37,151	54,785	36,657	33,414	52,955	58,170	67,630	76,309	79,095	106,301	87,333	68,558	103,442	87,238	42,671	63,997	88,860	74,824	87,900	103,611
Proceeds from sale of marketable securities available-for-sale
0	11	0	70	32,319	-6	0	0	5,206	13,299	4,023	19,478	0	1,860	0	0	91	19	13	921	293	76	1,786	313	5,735	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	56,865
Proceeds from bank-owned life insurance
0	0	431	0	2,207	2,373	357	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loan originations
866,950	996,940	1,080,111	880,102	763,848	746,664	773,066	759,984	723,096	726,688	713,056	718,192	619,637	-1,917,519	729,023	614,112	607,818	-1,358,825	681,660	500,244	496,009	474,775	530,308	492,171	447,423	536,710	552,019	576,946	407,122	520,275	537,761	550,226	480,303	531,970	517,084	426,011	375,303	3,415,653	-481,909	-506,630	-497,200
Proceeds from loan maturities and principal reductions
787,243	986,879	929,457	709,467	649,597	689,447	714,038	697,955	624,663	654,681	656,766	744,586	601,464	-	667,288	639,316	542,989	-	581,252	431,625	419,198	434,282	453,570	444,025	398,726	454,427	507,328	485,333	477,091	539,997	469,056	475,816	427,002	477,120	468,741	414,809	405,521	477,731	418,388	383,319	368,567
Proceeds from sale of loans held for investment
50,791	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net (proceeds)/redemptions of Federal Home Loan Bank stock
1,609	-3,965	4,191	-2,433	3,555	183	-127	-193	4,039	3,749	-158	780	-28	66,756	-32,661	4,782	-5,364	788	-1,791	1,774	2,999	-10,692	-1	272	-1	-1	-4,524	908	498	0	0	-256	-1,845	-2,576	-2,711	-2,854	-3,004	-3,162	0	0	0
Proceeds from sale of real estate owned
168	924	794	1,402	1,078	1,230	667	1,797	2,618	655	1,315	1,155	1,217	1,556	568	2,761	3,228	3,430	4,827	2,975	2,729	1,614	2,898	2,838	2,866	3,902	5,165	4,269	4,700	2,904	4,816	3,066	3,263	3,687	2,367	1,728	2,866	-	-	-	-
Sale of real estate owned for investment, net
152	1,064	-152	-456	152	1,062	-151	-152	-152	1,064	-152	-152	-152	1,063	-152	-152	-152	1,064	-152	-152	-152	1,063	-152	-152	-152	1,299	-257	-114	-114	-114	-115	-114	-114	-	-	-	-	-	-	-	-
Sale of real estate owned for investment, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	102	-	1,663	2,890	2,360
Sale of real estate owned for investment, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	39
Purchase of premises and equipment
3,553	1,597	2,784	3,040	3,478	1,795	1,777	1,172	489	-	-	-	2,256	-	-	-	2,274	5,566	2,485	3,097	2,075	2,678	2,256	1,427	3,607	6,714	4,758	4,611	3,284	6,451	3,243	4,215	4,346	7,989	2,664	-150	1,931	4,251	3,992	5,667	2,030
Acquisitions, net of cash received
0	2,945	1	0	25,833	0	0	0	0	-	-	-	-	-	-	-	-	0	60,670	0	438	0	0	0	2,792	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided/(used) in investing activities
36,029	30,948	-61,711	-177,732	-92,098	-36,203	-80,585	-103,654	-61,471	-6,068	30,698	-38,334	-90,336	107,989	901,862	99,411	41,336	36,101	-70,381	11,359	-65,891	-1,966	-27,616	-6,323	-32,090	-12,595	20,159	-134,554	50,840	-105,170	-103,051	-18,262	-46,957	44,720	40,625	-23,764	49,881	-5,435	-101,582	-177,669	-243,750
Financing activities:
Net increase in deposits
200,728	-89,493	-2,393	91,369	218,966	-59,774	-53,425	21,889	158,500	-115,064	-29,202	-230,157	103,434	-104,833	-76,044	-34,060	57,480	-32,161	-90,015	12,415	49,525	-75,181	-66,199	-941	105,984	-56,486	-57,727	-17,059	35,551	-60,156	18,886	-63,891	89,436	-32,425	-6,556	-1,231	56,201	-4,604	39,961	35,531	69,024
Proceeds from long-term borrowings
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	50,000	0	0	85,000	-	-	-	-	0	0	10,000	20,000	-	-	-	-	-	-	-	-	-	-	-	-
Repayments of long-term borrowings
-	-	-	-	-	-	-	-	-	-	-	-	-	0	317	739,533	35,013	13	122,513	40,013	10,013	12	13	12	15	17	17	17	17	17	18	17	17	17	16	16	50,017	16	35,016	16	1,516
Net increase/(decrease) in short-term borrowings
54,737	-8,921	-41,844	-57,596	120,308	55,272	62,530	12,029	-3,680	62,172	4,947	-26,750	-5,708	170,538	-823,761	817,228	-82,240	-2,199	87,507	-4,773	-19,254	9,673	9,126	3,726	-16,009	16,566	7,769	-12,499	-20,170	4,512	2,456	16,721	8,502	-732	-18,760	15,891	-9,701	15,241	13,527	-6,332	8,101
Share repurchases
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	1,752	0	1,844	2,213	3,790	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	17,200
Increase in advances by borrowers for taxes and insurance
2,598	20,225	-30,176	9,602	1,587	20,001	-28,343	7,986	2,829	18,961	-26,582	7,976	3,591	15,263	-26,955	6,569	4,984	15,519	-23,800	6,765	4,491	14,240	-21,410	6,603	4,405	12,517	-19,108	6,100	3,835	11,755	-20,754	4,641	4,112	11,491	-18,291	4,180	3,323	10,170	-18,005	5,670	2,999
Cash dividends paid on common stock
20,317	19,202	19,195	19,133	18,643	17,562	17,540	17,414	17,405	16,355	16,343	16,274	16,240	15,150	15,075	14,971	14,960	13,949	12,974	12,929	12,973	12,071	12,068	104,569	21,224	-	-	-	-	22,531	11,469	11,435	11,427	10,459	11,067	11,404	10,712	10,068	11,077	11,068	11,063
Purchase of common stock for retirement
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	68,086	71,572	31,074	-	-	-	0
Proceeds from stock options exercised
1,005	2,944	758	1,367	4,658	588	1,920	3,315	2,367	1,385	1,034	1,276	3,306	4,450	1,823	3,266	1,317	1,462	774	632	1,435	1,579	477	2,169	2,294	1,057	2,660	1,683	1,218	238	898	209	786	691	599	387	353	231	200	839	329
Excess tax benefit from stock-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	301	8	6	17	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by financing activities
129,277	-94,447	32,574	140,801	86,260	-1,475	-18,160	11,107	142,611	-118,223	-66,146	-263,929	88,383	-92,124	-940,248	38,705	-70,184	10,841	-162,857	-40,110	94,438	-66,100	-90,087	-93,024	75,435	-37,685	-78,369	-38,219	40,417	-115,618	-12,207	-53,772	91,392	-33,409	-122,177	-63,765	-41,627	4,526	-10,410	24,624	50,674
Net increase in cash and cash equivalents
215,608	-46,756	614	14,065	24,134	-5,157	-59,099	-59,113	114,448	-87,966	8,909	-275,181	42,081	69,301	9,135	148,110	-4,087	71,783	-197,323	-4,153	56,395	-53,083	-92,179	-76,358	70,421	-23,408	-32,842	-137,035	133,486	-186,364	-83,800	-37,021	70,592	17,256	-42,438	-56,181	50,549	43,368	-131,317	-128,335	-172,395
Cash paid during the period for:
Interest on deposits and borrowings (including interest credited to deposit accounts of $9,907 and $9,364, respectively)
13,458	14,645	13,584	14,108	11,940	10,820	9,729	8,609	7,698	7,379	7,006	7,122	6,747	7,130	7,509	11,165	13,845	14,309	13,636	13,826	13,499	13,926	14,123	14,258	14,232	14,778	15,458	15,573	15,353	17,263	18,351	18,973	20,828	22,236	23,102	23,477	24,598	25,796	29,967	28,903	31,038
Income taxes
556	14,231	4,280	9,025	1,747	6,550	10,150	7,782	1,367	11,565	10,900	9,805	0	5,624	2,584	769	733	5,988	5,908	3,796	1,027	6,699	4,471	9,856	5,016	704	6,217	12,373	3,587	3,889	6,097	3,337	955	7,596	6,185	9,218	917	4,214	7,459	7,510	532
Business acquisitions:
Fair value of assets acquired
0	3,846	0	0	580,407	0	0	0	0	-	-	-	-	-	-	-	-	0	1,159,752	0	438	0	0	0	2,798	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Northwest Bancshares, Inc. common stock issued
0	0	0	0	43,288	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash paid
0	3,100	0	0	42,500	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	2,792	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments to Acquire Businesses, Net of Cash Acquired
0	2,945	1	0	25,833	0	0	0	0	-	-	-	-	-	-	-	-	0	60,670	0	438	0	0	0	2,792	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Liabilities assumed
0	746	0	0	494,619	0	0	0	0	-	-	-	-	-	-	-	-	0	1,099,082	0	0	0	0	0	6	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non-cash activities:
Loan foreclosures and repossessions
1,351	1,466	1,011	1,846	1,492	2,147	1,435	1,203	2,396	1,738	1,330	1,811	3,251	3,375	1,023	323	1,531	891	1,730	2,389	2,623	3,662	3,451	1,868	1,839	2,862	4,648	4,034	2,985	2,939	5,103	5,481	6,557	10,691	3,324	4,343	2,052	-	-	-	-
Loans transferred to real estate owned
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,484	3,154	4,309
Sale of real estate owned financed by the Company
-	-	-	-	-	113	0	0	183	0	0	0	168	-1,275	513	901	359	0	594	60	114	116	40	242	88	55	592	27	269	33	48	280	100	113	0	126	140	434	19	895	0