Company: NWBI
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001471265-25-000161
Chunk: 133

Company: Northwest Bancshares, Inc.
Filing Date: 2025-11-10
Form: 10-Q
Item: Item 8
Chunk 133
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 table sets forth the net periodic costs for the defined benefit pension plans and post-retirement healthcare plans for the periods indicated (in thousands): Quarter ended September 30, Pension benefitsOther post-retirement benefits 2025202420252024Service cost$1,120 1,425 — — Interest cost2,312 2,205 15 15 Expected return on plan assets(3,290)(3,776)— — Amortization of prior service cost(203)(563)— — Amortization of the net loss(37)18 7 10 Net periodic cost$(98)(691)22 25  Nine months ended September 30, Pension benefitsOther post-retirement benefits 2025202420252024Service cost$3,360 4,275 — — Interest cost6,658 6,615 45 45 Expected return on plan assets(9,268)(11,328)— — Amortization of prior service cost(609)(1,689)— — Amortization of the net loss(111)54 21 30 Net periodic cost$30 (2,073)66 75 Because of the current funding status, we do not anticipate a funding requirement during the year ending December 31, 2025.

(10)    Disclosures About Fair Value of Financial Instruments

 We are required to disclose fair value information about financial instruments whether or not recognized in the Consolidated Statement of Financial Condition. Fair value information of certain financial instruments and all nonfinancial instruments is not required to be disclosed. Accordingly, the aggregate fair value amounts presented do not represent the underlying value of the Company.Financial assets and liabilities recognized or disclosed at fair value on a recurring basis and certain financial assets and liabilities on a non-recurring basis are accounted for using a three-level hierarchy of valuation techniques based on whether the inputs to those valuation techniques are observable or unobservable. This hierarchy gives the highest priority to quoted prices with readily available independent data in active markets for identical assets or liabilities (Level 1) and the lowest priority to unobservable market inputs (Level 3). When various inputs for measurement fall within different levels of the fair value hierarchy, the lowest level input that has a significant impact on fair value measurement is used. Financial assets and liabilities are categorized based upon the following characteristics or inputs to the valuation techniques: