NORTHWEST BANCSHARES, INC. NWBI Cash Flow

Northwest bancshares, inc. (NWBI)

CashFlow / TTM

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
93,327	110,432	111,308	105,634	105,550	105,491	101,172	97,023	101,706	94,467	96,813	87,419	49,429	49,667	41,366	40,041	62,354	60,540	61,692	66,152	63,521	61,962	64,989	65,068	65,872	66,559	62,341	60,623	63,506	63,389	62,410	63,437	62,079	64,151	61,714	60,485	61,623	57,523	0	0	0
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for credit losses
43,829	22,659	18,228	21,908	22,590	20,332	23,065	19,110	19,323	19,751	15,371	17,882	16,519	13,542	15,992	13,621	10,472	9,712	6,195	6,494	13,729	20,314	20,200	21,726	18,846	18,519	25,728	27,651	27,209	26,338	28,667	29,809	33,213	34,170	37,586	39,400	38,929	40,486	0	0	0
Net (gain)/loss on sale of assets
5,200	2,472	571	-1,987	-1,478	-1,677	-2,574	-849	-792	627	2,977	2,733	3,949	4,499	3,327	2,737	2,155	921	1,114	1,673	1,360	5,236	9,929	9,351	8,936	6,061	3,217	4,310	4,249	2,894	764	-2,234	-3,019	-2,999	-5,103	-2,105	-188	-810	0	0	0
Net depreciation, amortization and accretion
3,952	3,824	1,449	2,816	5,652	8,120	10,940	12,886	12,464	14,293	16,401	18,207	18,149	15,424	14,141	11,719	10,266	8,958	7,684	7,502	8,572	9,868	9,289	9,181	8,741	8,952	8,938	10,483	10,055	9,466	8,099	6,847	6,149	7,790	10,845	12,313	15,240	14,771	0	0	0
Increase in other assets
63,694	66,080	61,782	58,544	49,058	6,428	27,018	22,457	3,438	-2,902	-22,143	-20,630	-34,041	-24,763	-24,055	-50,241	-30,640	-37,969	-40,122	-15,813	-4,894	-9,241	-12,876	-5,518	-13,335	-12,057	-7,749	-14,324	-16,910	-18,588	-14,864	-12,401	-9,608	-7,534	-68,978	-16,573	-12,878	-11,060	0	0	0
Increase in other liabilities
67,848	53,998	73,797	72,062	42,341	-1,129	9,981	9,152	8,795	11,694	-2,441	783	-11,571	4,801	-1,002	-17,883	-8,227	-18,998	-28,011	-18,157	-15,187	-22,857	-5,080	-620	1,378	2,890	5,590	4,902	3,782	11,351	-17,225	-18,772	-18,375	-24,967	-1,468	-4,438	-3,070	-5,241	0	0	0
Net amortization on marketable securities
-919	-922	-1,231	-1,414	-1,641	-1,871	-1,799	-1,865	-1,965	-2,017	-2,141	-2,154	-2,113	-2,139	-2,146	-2,011	-1,606	-1,149	-631	-346	-365	-383	-382	-449	-346	-298	-187	-2	-35	76	4	-53	-104	186	-343	-713	-273	130	0	0	0
Noncash compensation expense related to stock benefit plans
7,140	6,845	7,893	7,482	7,245	7,023	5,720	5,542	4,954	4,894	4,998	10,352	10,594	10,916	11,934	6,506	5,947	5,570	4,724	5,006	5,335	5,711	5,292	5,431	5,240	5,083	5,146	4,793	4,682	4,623	4,571	4,519	6,881	6,725	6,879	5,858	2,301	2,237	0	0	0
Noncash impairment losses on investment securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-331	0	0	0	-	-	-	-	-1,541	0	0	0
Noncash write-down of real estate owned
547	607	785	915	904	1,518	1,532	1,452	1,587	1,231	1,187	1,273	1,135	1,481	1,857	1,923	2,506	2,923	2,814	2,864	2,851	2,318	2,422	2,568	4,360	4,158	6,393	7,027	4,852	4,942	1,380	1,919	1,569	1,449	0	0	0	-	-	-	-
Deferred income tax (benefit)/expense
-	-	-	-	-	-	-	-	-	-	-	-	-	2,734	5,845	5,640	5,640	6,290	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Origination of loans held-for-sale
98,312	68,400	31,776	0	0	1,297	7,954	29,742	48,776	66,058	123,131	175,677	261,410	252,204	190,607	116,423	11,656	2,504	655	505	603	1,042	1,120	1,540	4,550	36,773	104,750	177,749	231,431	248,658	180,708	138,533	112,612	77,887	180,013	226,032	215,713	207,272	0	0	0
Proceeds from sale of loans held-for-sale
94,660	62,351	23,764	0	0	4,501	9,563	40,405	50,951	73,103	152,411	205,585	268,649	242,428	160,197	76,332	2,722	2,514	667	516	632	1,315	1,165	1,900	8,447	52,550	120,448	192,840	244,510	236,482	168,809	133,898	102,005	88,238	197,658	239,617	225,740	205,310	0	0	0
Net increase in assets and liabilities held-for-sale
-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by operating activities
147,792	127,462	143,240	153,135	135,573	138,909	142,713	147,424	141,072	151,798	168,909	172,073	154,985	135,712	107,117	95,511	110,115	113,202	103,344	92,953	91,344	90,572	102,461	102,305	115,054	130,207	137,759	143,849	143,124	127,052	98,573	106,229	102,564	118,702	157,034	98,595	91,957	70,343	0	0	0
Investing activities:
Purchase of marketable securities held-to-maturity
-	-	-	-	-	-	-	-	-	23,621	23,621	23,621	23,621	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	485,995	0	0	0
Purchase of marketable securities available-for-sale
200,595	200,204	136,593	195,323	234,149	228,180	223,423	118,321	152,196	218,292	210,111	445,523	319,019	238,673	238,673	2,000	29,995	59,980	74,980	87,171	57,176	49,996	36,355	30,175	149,444	234,965	442,745	591,482	539,388	508,553	338,720	196,954	222,854	237,058	370,465	481,346	388,271	296,576	0	0	0
Proceeds from maturities and principal reductions of marketable securities held-to-maturity
4,442	4,707	5,241	5,312	6,017	6,892	7,716	10,440	14,159	13,902	14,228	12,541	9,482	11,700	24,746	36,400	63,277	72,265	63,137	52,877	26,944	17,673	15,723	19,279	25,551	33,764	41,867	46,777	73,712	76,257	100,628	100,399	97,093	126,012	129,767	153,760	162,619	126,766	0	0	0
Proceeds from maturities and principal reductions of marketable securities available-for-sale
296,151	241,079	209,497	204,763	203,923	210,362	240,883	229,531	212,855	206,089	196,184	165,581	213,898	278,621	323,738	346,428	345,626	280,277	220,973	203,566	158,922	162,007	177,811	181,196	212,169	255,064	281,204	329,335	349,038	341,287	365,634	346,571	301,909	297,348	282,766	270,352	315,581	355,195	0	0	0
Proceeds from sale of marketable securities available-for-sale
81	32,400	32,383	32,383	32,313	5,200	18,505	22,528	42,006	36,800	25,361	21,338	1,860	1,951	110	123	1,044	1,246	1,303	3,076	2,468	7,910	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	56,865	0	0	0
Proceeds from bank-owned life insurance
431	2,638	5,011	4,937	4,937	2,730	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loan originations
3,824,103	3,721,001	3,470,725	3,163,680	3,043,562	3,002,810	2,982,834	2,922,824	2,881,032	2,777,573	133,366	149,333	45,253	33,434	592,128	544,765	430,897	319,088	2,152,688	2,001,336	1,993,263	1,944,677	2,006,612	2,028,323	2,113,098	2,072,797	2,056,362	2,042,104	2,015,384	2,088,565	2,100,260	2,079,583	1,955,368	1,850,368	4,734,051	3,735,058	2,802,417	1,929,914	0	0	0
Proceeds from loan maturities and principal reductions
3,413,046	3,275,400	2,977,968	2,762,549	2,751,037	2,726,103	2,691,337	2,634,065	2,680,696	2,657,497	0	0	0	-	0	0	2,124,503	-	1,866,357	1,738,675	1,751,075	1,730,603	1,750,748	1,804,506	1,845,814	1,924,179	2,009,749	1,971,477	1,961,960	1,911,871	1,848,994	1,848,679	1,787,672	1,766,191	1,766,802	1,716,449	1,684,959	1,648,005	0	0	0
Proceeds from sale of loans held for investment
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net (proceeds)/redemptions of Federal Home Loan Bank stock
-598	1,348	5,496	1,178	3,418	3,902	7,468	7,437	8,410	4,343	67,350	34,847	38,849	33,513	-32,455	-1,585	-4,593	3,770	-7,710	-5,920	-7,422	-10,422	269	-4,254	-3,618	-3,119	-3,118	1,406	242	-2,101	-4,677	-7,388	-9,986	-11,145	-11,731	-9,020	-6,166	-3,162	0	0	0
Proceeds from sale of real estate owned
3,288	4,198	4,504	4,377	4,772	6,312	5,737	6,385	5,743	4,342	5,243	4,496	6,102	8,113	9,987	14,246	14,460	13,961	12,145	10,216	10,079	10,216	12,504	14,771	16,202	18,036	17,038	16,689	15,486	14,049	14,832	12,383	11,045	10,648	0	0	0	-	-	-	-
Sale of real estate owned for investment, net
608	608	606	607	911	607	609	608	608	608	607	607	607	607	608	608	608	608	607	607	607	607	843	738	776	814	-599	-457	-457	-457	0	0	0	-	-	-	-	-	-	-	-
Sale of real estate owned for investment, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	0	0
Sale of real estate owned for investment, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Purchase of premises and equipment
10,974	10,899	11,097	10,090	8,222	5,233	0	0	0	-	-	-	0	-	-	-	13,422	13,223	10,335	10,106	8,436	9,968	14,004	16,506	19,690	19,367	19,104	17,589	17,193	18,255	19,793	19,214	14,849	12,434	8,696	10,024	15,841	15,940	0	0	0
Acquisitions, net of cash received
2,946	28,779	25,834	25,833	25,833	0	0	0	0	-	-	-	-	-	-	-	-	61,108	61,108	438	438	2,792	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided/(used) in investing activities
-172,466	-300,593	-367,744	-386,618	-312,540	-281,913	-251,778	-140,495	-75,175	-104,040	10,017	881,181	1,018,926	1,150,598	1,078,710	106,467	18,415	-88,812	-126,879	-84,114	-101,796	-67,995	-78,624	-30,849	-159,080	-76,150	-168,725	-291,935	-175,643	-273,440	-123,550	20,126	14,624	111,462	61,307	-80,900	-234,805	-528,436	0	0	0
Financing activities:
Net increase in deposits
200,211	218,449	248,168	197,136	127,656	67,190	11,900	36,123	-215,923	-270,989	-260,758	-307,600	-111,503	-157,457	-84,785	-98,756	-52,281	-60,236	-103,256	-79,440	-92,796	-36,337	-17,642	-9,170	-25,288	-95,721	-99,391	-22,778	-69,610	-15,725	12,006	-13,436	49,224	15,989	43,810	90,327	127,089	139,912	0	0	0
Proceeds from long-term borrowings
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	135,000	0	0	0	-	-	-	-	30,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Repayments of long-term borrowings
-	-	-	-	-	-	-	-	-	-	-	-	-	774,863	774,876	897,072	197,552	172,552	172,551	50,051	10,050	52	57	61	66	68	68	69	69	69	69	67	66	50,066	50,065	85,065	85,065	36,564	0	0	0
Net increase/(decrease) in short-term borrowings
-53,624	11,947	76,140	180,514	250,139	126,151	133,051	75,468	36,689	34,661	143,027	-685,681	158,297	81,765	-90,972	820,296	-1,705	61,281	73,153	-5,228	3,271	6,516	13,409	12,052	-4,173	-8,334	-20,388	-25,701	3,519	32,191	26,947	5,731	4,901	-13,302	2,671	34,958	12,735	30,537	0	0	0
Share repurchases
-	-	-	-	-	-	-	-	-	-	-	-	-	1,752	1,752	3,596	5,809	7,847	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Increase in advances by borrowers for taxes and insurance
2,249	1,238	1,014	2,847	1,231	2,473	1,433	3,194	3,184	3,946	248	-125	-1,532	-139	117	3,272	3,468	2,975	1,696	4,086	3,924	3,838	2,115	4,417	3,914	3,344	2,582	936	-523	-246	-510	1,953	1,492	703	-618	-332	1,158	834	0	0	0
Cash dividends paid on common stock
77,847	76,173	74,533	72,878	71,159	69,921	68,714	67,517	66,377	65,212	64,007	62,739	61,436	60,156	58,955	56,854	54,812	52,825	50,947	50,041	141,681	149,932	0	0	0	-	-	-	-	56,862	44,790	44,388	44,357	43,642	43,251	43,261	42,925	43,276	0	0	0
Purchase of common stock for retirement
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	0
Proceeds from stock options exercised
6,074	9,727	7,371	8,533	10,481	8,190	8,987	8,101	6,062	7,001	10,066	10,855	12,845	10,856	7,868	6,819	4,185	4,303	4,420	4,123	5,660	6,519	5,997	8,180	7,694	6,618	5,799	4,037	2,563	2,131	2,584	2,285	2,463	2,030	1,570	1,171	1,623	1,599	0	0	0
Excess tax benefit from stock-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	332	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by financing activities
208,205	165,188	258,160	207,426	77,732	134,083	17,335	-30,651	-305,687	-359,915	-333,816	-1,207,918	-905,284	-1,063,851	-960,886	-183,495	-262,310	-97,688	-174,629	-101,859	-154,773	-173,776	-145,361	-133,643	-78,838	-113,856	-191,789	-125,627	-141,180	-90,205	-7,996	-117,966	-127,959	-260,978	-223,043	-111,276	-22,887	69,414	0	0	0
Net increase in cash and cash equivalents
183,531	-7,943	33,656	-26,057	-99,235	-8,921	-91,730	-23,722	-239,790	-312,157	-154,890	-154,664	268,627	222,459	224,941	18,483	-133,780	-73,298	-198,164	-93,020	-165,225	-151,199	-121,524	-62,187	-122,864	-59,799	-222,755	-273,713	-173,699	-236,593	-32,973	8,389	-10,771	-30,814	-4,702	-93,581	-165,735	-388,679	0	0	0
Cash paid during the period for:
Interest on deposits and borrowings (including interest credited to deposit accounts of $9,907 and $9,364, respectively)
55,795	54,277	50,452	46,597	41,098	36,856	33,415	30,692	29,205	28,254	28,005	28,508	32,551	39,649	46,828	52,955	55,616	55,270	54,887	55,374	55,806	56,539	57,391	58,726	60,041	61,162	63,647	66,540	69,940	75,415	80,388	85,139	89,643	93,413	96,973	103,838	109,264	115,704	0	0	0
Income taxes
28,092	29,283	21,602	27,472	26,229	25,849	30,864	31,614	33,637	32,270	26,329	18,013	8,977	9,710	10,074	13,398	16,425	16,719	17,430	15,993	22,053	26,042	20,047	21,793	24,310	22,881	26,066	25,946	16,910	14,278	17,985	18,073	23,954	23,916	20,534	21,808	20,100	19,715	0	0	0
Business acquisitions:
Fair value of assets acquired
3,846	584,253	580,407	580,407	580,407	0	0	0	0	-	-	-	-	-	-	-	-	1,160,190	1,160,190	438	438	2,798	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Northwest Bancshares, Inc. common stock issued
0	43,288	43,288	43,288	43,288	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash paid
3,100	45,600	42,500	42,500	42,500	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments to Acquire Businesses, Net of Cash Acquired
2,946	28,779	25,834	25,833	25,833	0	0	0	0	-	-	-	-	-	-	-	-	61,108	61,108	438	438	2,792	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Liabilities assumed
746	495,365	494,619	494,619	494,619	0	0	0	0	-	-	-	-	-	-	-	-	1,099,082	1,099,082	0	0	6	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non-cash activities:
Loan foreclosures and repossessions
5,674	5,815	6,496	6,920	6,277	7,181	6,772	6,667	7,275	8,130	9,767	9,460	7,972	6,252	3,768	4,475	6,541	7,633	10,404	12,125	11,604	10,820	10,020	11,217	13,383	14,529	14,606	15,061	16,508	20,080	27,832	26,053	24,915	20,410	0	0	0	-	-	-	-
Loans transferred to real estate owned
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Sale of real estate owned financed by the Company
-	-	-	-	-	296	183	183	183	168	-1,107	-594	307	498	1,773	1,854	1,013	768	884	330	512	486	425	977	762	943	921	377	630	461	541	493	339	379	700	719	1,488	1,348	0	0	0