Company: NWBI
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0001471265-25-000077
Chunk: 3

Company: Northwest Bancshares, Inc.
Filing Date: 2025-05-06
Form: 10-Q
Item: Item 1
Chunk 3
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 Statements.

3

NORTHWEST BANCSHARES, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY (Unaudited)

(in thousands, expect share data) 

Additional paid-in capitalRetained earningsAccumulatedother comprehensive income/(loss)Total shareholders’ equity Common stockQuarter ended March 31, 2025SharesAmountBeginning balance at December 31, 2024127,508,003 $1,275 1,033,385 673,110 (110,914)1,596,856 Comprehensive income:      Net income— — — 43,458 — 43,458 Other comprehensive income, net of tax of ($4,041)— — — — 12,433 12,433 Total comprehensive income— — — 43,458 12,433 55,891 Exercise of stock options2,977 — 31 — — 31 Stock-based compensation expense226,084 2 1,677 — — 1,679 Stock-based compensation forfeited(761)— — — — — Dividends paid ($0.20 per share)— — — (25,502)— (25,502)Ending balance at March 31, 2025127,736,303 $1,277 1,035,093 691,066 (98,481)1,628,955 

Additional paid-in capitalRetained earningsAccumulatedother comprehensive lossTotal shareholders’ equity Common stockQuarter ended March 31, 2024SharesAmountBeginning balance at December 31, 2023127,110,453 $1,271 1,024,852 674,686 (149,492)1,551,317 Comprehensive income:      Net income— — — 29,163 — 29,163 Other comprehensive loss, net of tax of $1,275— — — — (3,932)(3,932)Total comprehensive income/(loss)— — — 29,163 (3,932)25,231 Exercise of stock options10 — 20 — — 20 Stock-based compensation expense146,086 2 1,