Company: NWBI
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0001471265-25-000016
Chunk: 303

Company: Northwest Bancshares, Inc.
Filing Date: 2025-02-25
Form: 10-K
Item: Item 8
Chunk 303
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5,763 6,749 5,617 Other expenses6,936 6,366 5,231 Total noninterest expense368,537 351,554 329,523 Income before income taxes129,546 175,078 173,692 Provision for income taxes:Federal22,337 31,332 30,910 State6,931 8,789 9,116 Total provision for income taxes29,268 40,121 40,026 Net income$100,278 134,957 133,666 Basic earnings per share$0.79 1.06 1.05 Diluted earnings per share$0.79 1.06 1.05 

See accompanying notes to Consolidated Financial Statements.

72

NORTHWEST BANCSHARES, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

(in thousands) Years ended December 31, 202420232022Net income$100,278 134,957 133,666 Other comprehensive income net of tax:Net unrealized holding gains/(losses) on marketable securities:Unrealized holding (losses)/gains, net of tax of $1,193, $(3,429), and $45,321, respectively(6,378)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