Company: NWBI
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0001471265-25-000016
Chunk: 386

Company: Northwest Bancshares, Inc.
Filing Date: 2025-02-25
Form: 10-K
Item: Item 8
Chunk 386
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3,429).(2)Change in fair value of interest rate swaps, net of tax of $110.(3)Consists of unrealized gains, net of tax of $(3,961). (4)Consists of realized losses, net of tax of $(1,700).(5)Consists of realized gains, net of tax of $607.The following table shows the changes in accumulated other comprehensive loss by component for the year ended December 31, 2022: Unrealized gains and losses on securitiesavailable-for-saleChange in defined benefit pension plansTotalBalance as of January 1,$(12,317)(25,312)(37,629)Other comprehensive (loss)/income before reclassification adjustments (1) (2)(151,888)18,884 (133,004)Amounts reclassified from accumulated other comprehensive income (3) (4)(1)(524)(525)Net other comprehensive (loss)/income(151,889)18,360 (133,529)Balance as of December 31,$(164,206)(6,952)(171,158)(1)Consists of unrealized holding losses, net of tax of $45,321.(2)Consists of unrealized gains, net of tax of $(7,182).(3)Consists of realized gains, net of tax of $0.(4)Consists of realized gains, net of tax of $202.

(21)    Segment Information

The Company’s reportable segment is determined by the Chief Executive Officer, who is the designated chief operating decision maker, based upon information provided about the Company’s products and services offered, primarily banking operations. Our one operating segment, Banking, is also distinguished by the level of information provided to the chief operating decision maker, who uses such information to review performance of the various components of the business such as branches and lending, which are then aggregated because operating performance, products/services and customers are similar. The chief operating decision maker will evaluate the financial performance of the Company’s business components such as by evaluating revenue streams, significant 

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

expenses and budget to actual results in assessing the Company’s segment and in the determination of allocating resources. The information reviewed is on a consolidated basis and discrete