Company: NWBI
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0001471265-25-000016
Chunk: 304

Company: Northwest Bancshares, Inc.
Filing Date: 2025-02-25
Form: 10-K
Item: Item 8
Chunk 304
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 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)Balance at December 31, 20221,270 1,019,647 641,727 (171,158)1,491,486 Comprehensive income:     Net income— — 134,957 — 134,957 Other comprehensive income, net of tax of  $(8,373)— — — 21,666 21,666 Total comprehensive income— — 134,957 21,666 156,623 Adoption of ASU No. 2022-02— — (329)— (329)Exercise of stock options1 629 — — 630 Stock-based compensation expense1 4,575 — — 4,576 Stock-based compensation forfeited(1)1 — — — Dividends paid ($0.80 per share)— — (101,669)— (101,669)Balance at December 31, 20231,271 1,024,852 674,