Company: NWBI
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0001471265-25-000016
Chunk: 209

Company: Northwest Bancshares, Inc.
Filing Date: 2025-02-25
Form: 10-K
Item: Item 1B
Chunk 209
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2024, we do not anticipate that the aggregate ultimate liability arising out of any pending or threatened legal proceedings will be material to our Consolidated Financial Statements. Any such accruals are adjusted thereafter as appropriate to reflect changes in circumstances. Due to the inherent subjectivity of assessments and unpredictability of outcomes of legal proceedings, any amounts accrued may not represent the ultimate loss to us from legal proceedings.

(20)       Components of Accumulated Other Comprehensive Income

 The following table sets forth the components of accumulated other comprehensive loss as of December 31, 2024 and 2023: December 31, 20242023Unrealized loss on marketable securities available-for-sale$(130,248)(150,659)Fair value of interest rate swaps1,159 (374)Defined benefit pension plans18,175 1,541 Accumulated other comprehensive loss$(110,914)(149,492)

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

The following table shows the changes in accumulated other comprehensive loss by component for the year ended December 31, 2024: Unrealized gains and losses on securitiesavailable-for-saleChange in fair value of interest rate swapsChange in defined benefit pension plansTotalBalance as of January 1,$(150,659)(374)1,541 (149,492)Other comprehensive income/(loss) before reclassification adjustments (1) (2) (3)(6,378)1,533 18,187 13,342 Amounts reclassified from accumulated other comprehensive income (4) (5)26,789 — (1,553)25,236 Net other comprehensive income/(loss)20,411 1,533 16,634 38,578 Balance as of December 31,$(130,248)1,159 18,175 (110,914)(1)Consists of unrealized holding gains, net of tax of $1,193.(2)Change in fair value of interest rate swaps, net of tax of $(448). (3)Consists of unrealized gains, net of tax of $(6,895).(4)Consists of realized losses, net of tax of $(7,706).(5)