Company: NWBI
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0001471265-25-000016
Chunk: 385

Company: Northwest Bancshares, Inc.
Filing Date: 2025-02-25
Form: 10-K
Item: Item 8
Chunk 385
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OLIDATED FINANCIAL STATEMENTSDecember 31, 2024, 2023 and 2022

The following table shows the changes in accumulated other comprehensive loss by component for the year ended December 31, 2024: Unrealized gains and losses on securitiesavailable-for-saleChange in fair value of interest rate swapsChange in defined benefit pension plansTotalBalance as of January 1,$(150,659)(374)1,541 (149,492)Other comprehensive income/(loss) before reclassification adjustments (1) (2) (3)(6,378)1,533 18,187 13,342 Amounts reclassified from accumulated other comprehensive income (4) (5)26,789 — (1,553)25,236 Net other comprehensive income/(loss)20,411 1,533 16,634 38,578 Balance as of December 31,$(130,248)1,159 18,175 (110,914)(1)Consists of unrealized holding gains, net of tax of $1,193.(2)Change in fair value of interest rate swaps, net of tax of $(448). (3)Consists of unrealized gains, net of tax of $(6,895).(4)Consists of realized losses, net of tax of $(7,706).(5)Consists of realized gains, net of tax of $591.The following table shows the changes in accumulated other comprehensive loss by component for the year ended December 31, 2023: Unrealized gains and losses on securities available-for-saleChange in fair value of interest rate swapsChange in defined benefit pension plansTotalBalance as of January 1,$(164,206)— (6,952)(171,158)Other comprehensive (loss)/income before reclassification adjustments (1) (2) (3)7,875 (374)10,019 17,520 Amounts reclassified from accumulated other comprehensive income (4) (5)5,672 — (1,526)4,146 Net other comprehensive (loss)/income13,547 (374)8,493 21,666 Balance as of December 31,$(150,659)(374)1,541 (149,492)(1)Consists of unrealized holding gains, net of tax of $(