Company: NWBI
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001471265-25-000137
Chunk: 54

Company: Northwest Bancshares, Inc.
Filing Date: 2025-08-05
Form: 10-Q
Item: Item 1
Chunk 54
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on securities available-for-saleChange in fair value of interest rate swapsChange in defined benefit pension plansTotalBalance as of December 31, 2023$(150,659)(374)1,541 (149,492)Other comprehensive loss before reclassification adjustments (5) (7)(9,089)2,484 — (6,605)Amounts reclassified from accumulated other comprehensive income (6) (8)26,789 — (776)26,013 Net other comprehensive loss17,700 2,484 (776)19,408 Balance as of June 30, 2024$(132,959)2,110 765 (130,084)(1)Consists of unrealized holding gains, net of tax of ($5,663).(2)Consists of realized losses, net of tax of $0.(3)Change in fair value of interest rate swaps, net of tax $624.(4)Consists of realized gains, net of tax of $128.(5)Consists of unrealized holding losses, net of tax $1,926.(6)Consists of realized losses, net of tax ($7,706).(7)Change in fair value of interest rate swaps, net of tax ($726).(8)Consists of realized gains, net of tax of $294.

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Table of Contents

(13)    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 by evaluating revenue streams, significant 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 financial information is not available. The chief operating decision maker uses revenue streams to evaluate product pricing and significant expenses to assess performance and evaluate return on assets. The chief operating decision maker uses consolidated net income through return on average assets and return on average equity and