Company: NWBI
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0001471265-25-000077
Chunk: 109

Company: Northwest Bancshares, Inc.
Filing Date: 2025-05-06
Form: 10-Q
Item: Item 8
Chunk 109
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 credit cards directly to the correspondent bank; however, if the customer fails to repay their balance, the Bank could be required to satisfy the obligation to correspondent bank and initiate collection from our customer as part of the existing credit facility of that customer. 

(7)    Earnings Per Share

Basic earnings per common share (“EPS”) is computed by dividing net income available to common shareholders by the weighted average number of common shares outstanding for the period, without considering any dilutive items. Diluted EPS is calculated using both the two-class and the treasury stock methods with the more dilutive method used to determine diluted EPS. The two-class method was used to determine basic EPS for the quarters ended March 31, 2025 and 2024 and the treasury stock method was used to determine diluted earnings per share for the quarters ended March 31, 2025 and 2024.The following table sets forth the computation of basic and diluted EPS (in thousands, except share data and per share amounts): Quarter ended March 31, 20252024Numerator for earnings per share - Basic and Diluted:Net income - treasury stock method - Basic and Diluted$43,458 29,163 Less: Dividends and undistributed earnings allocated to participating securities54 74 Net income available to common shareholders - two class method - Basic and Diluted$43,404 29,089 Denominator for earnings per share - treasury stock method - Basic and DilutedWeighted average common shares outstanding - Basic127,387,573 126,814,233 Add: Potentially dilutive shares911,440 784,738 Denominator for treasury stock method - Diluted128,299,013 127,598,971 Denominator for earnings per share - two class method - Basic and Diluted:Weighted average common shares outstanding - Basic127,387,573 126,814,233 Add: Average participating shares outstanding 157,993 322,335 Denominator for two class method - Diluted127,545,566 127,136,568 Basic earnings per share$0.34 0.23 Diluted earnings per share$0.34 0.23 Anti-dilutive awards (1)2,111 2,728 (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.

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