Company: NWBI
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0001471265-25-000016
Chunk: 128

Company: Northwest Bancshares, Inc.
Filing Date: 2025-02-25
Form: 10-K
Item: Item 1B
Chunk 128
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7,875 (151,888)Reclassification adjustment for losses/(gains) included in net income, net of tax of ($7,706), $(1,700), and $0, respectively26,789 5,672 (1)Net unrealized holding gains/(losses) on marketable securities20,411 13,547 (151,889)Change in fair value of interest rate swaps, net of tax of $(448), $110, and $0, respectively1,533 (374)— Defined benefit plan:Net gain, net of tax $(6,895), $(3,961), $(7,182), respectively18,187 10,019 18,884 Reclassification adjustments for prior period service costs and actuarial (gains)/losses included in net income, net of tax of $591, $607, and $202, respectively(1,553)(1,526)(524)Net gain on defined benefit plans16,634 8,493 18,360 Other comprehensive income/(loss)38,578 21,666 (133,529)Total comprehensive income$138,856 156,623 137 

 See accompanying notes to Consolidated Financial Statements.

73

NORTHWEST BANCSHARES, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY

(in thousands, excluding per share data)Common stockAdditional paid-incapitalRetainedearningsAccumulatedothercomprehensiveincome/(loss)Totalshareholders’equityBalance at December 31, 2021$1,266 1,010,405 609,529 (37,629)1,583,571 Comprehensive income:Net income— — 133,666 — 133,666 Other comprehensive income, net of tax of $38,341— — — (133,529)(133,529)Total comprehensive income— — 133,666 (133,529)137 Exercise of stock options4 5,169 — — 5,173 Stock-based compensation expense1 4,073 — — 4,074 Stock-based compensation forfeited(1)— — — (1)Dividends paid ($0.80 per share)— — (101,468)— (101,468