Northwest Bancshares, Inc. 10-K

ITEM 5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES Our common stock is listed on the NASDAQ Global Select Market under the symbol “NWBI”. As of February 18, 2025, we had 23 registered market makers, 10,243 stockholders of record (excluding the number of persons or entities holding stock in street name through various brokerage firms), and 127,514,857 shares outstanding. Payment of dividends on our shares of common stock is subject to determination and declaration by the Board of Directors and will depend upon a number of factors, including capital requirements, regulatory limitations on the payment of dividends, our results of operations and financial condition, tax considerations and general economic conditions. No assurance can be given that dividends will continue to be declared or, if declared, what the amount of dividends will be. See “Item 1. Business—Supervision and Regulation—Federal Bank Holding Company Regulation—Source of Strength Doctrine” and “Item 1. Business—Supervision and Regulation—Federal Bank Holding Company Regulation—Capital Distributions” for additional information regarding our ability to pay dividends. There were no sales of unregistered securities during the quarter ended December 31, 2024. On December 13, 2012, the Board of Directors approved a program that authorizes the repurchase of approximately 5,000,000 shares of common stock. This program does not have an expiration date. During the year ended December 31, 2024, we did not repurchase any shares and there are a maximum of 2,261,130 remaining shares that can be purchased under the current repurchase program. 37 Table of Contents Stock Performance Graph The following stock performance graph compares (a) the cumulative total return on our common stock between December 31, 2019 and December 31, 2024, (b) the cumulative total return on stocks included in the Total Return Index for the NASDAQ Stock Market (US) over such period, and (c) the cumulative total return on stocks included in the NASDAQ Bank Index over such period. Cumulative return assumes the reinvestment of dividends, and is expressed in dollars based on an assumed investment of $100. There can be no assurance that our stock performance will continue in the future with the same or similar trend depicted in the graph. We will not make or endorse any predictions as to future stock performance. COMPARISON OF 5 YEAR CUMULATIVE TOTAL RETURN Among Northwest Bancshares, Inc., the NASDAQ Composite Index, and the NASDAQ Bank Index At December 31, 2019 2020 2021 2022 2023 2024 Northwest Bancshares, Inc. 100.00 82.01 96.62 101.06 96.63 108.85 NASDAQ Composite 100.00 144.92 177.06 119.45 172.77 223.87 NASDAQ Bank 100.00 90.81 128.28 107.54 114.99 141.59 38 Table of Contents ITEM 6. [RESERVED]