Company: NWBI
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0001471265-25-000077
Chunk: 32

Company: Northwest Bancshares, Inc.
Filing Date: 2025-05-06
Form: 10-Q
Item: Item 1
Chunk 32
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 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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(8)    Pension and Other Post-Retirement Benefits

 The following 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 March 31, Pension benefitsOther post-retirement benefits 2025202420252024Service cost$1,120 1,425 — — Interest cost2,173 2,205 15 15 Expected return on plan assets(2,989)(3,776)— — Amortization of prior service cost(203)(563)— — Amortization of the net loss(37)18 7 10 Net periodic cost$64 (691)22 25 Because of the current funding status, we do not anticipate a funding requirement during the year ending December 31, 2025.

(9)    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