Company: NWBI
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0001471265-25-000016
Chunk: 363

Company: Northwest Bancshares, Inc.
Filing Date: 2025-02-25
Form: 10-K
Item: Item 8
Chunk 363
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2024. The two-class method was used to determine basic and diluted EPS for the years ended December 31, 2023 and 2022. The following table sets forth the computation of basic and diluted earnings per share for the years ended December 31, 2024, 2023 and 2022.

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

Years ended December 31, 202420232022Numerator for earnings per share - Basic and Diluted:Net income - treasury stock method - Basic and Diluted$100,278 134,957 133,666 Less: Dividends and undistributed earnings allocated to participating securities125 339 585 Net income available to common shareholders - two class method - Basic and Diluted$100,153 134,618 133,081 Denominator for earnings per share - treasury stock method - Basic and DilutedWeighted average common shares outstanding - Basic127,085,446 126,668,671 126,167,892 Add: Potentially dilutive shares614,055 421,670 274,509 Denominator for treasury stock method - Diluted127,699,501 127,090,341 126,442,401 Denominator for earnings per share - two class method - Basic and Diluted:Weighted average common shares outstanding - Basic127,085,446 126,668,671 126,167,892 Add: Average participating shares outstanding 158,719 319,501 556,201 Denominator for two class method - Diluted127,244,165 126,988,172 126,724,093 Basic earnings per share$0.79 1.06 1.05 Diluted earnings per share$0.79 1.06 1.05 Anti-dilutive awards (1)2,128 2,814 1,951 (1)    Reflects the total number of shares related to outstanding options that have been excluded from the computation of diluted earnings per share because the impact would have been anti-dilutive.

(15)    Employee Benefit Plans

 (a)                                 Pension Plans We maintain noncontributory defined benefit pension plans covering certain employees