Company: NWBI
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0001471265-25-000016
Chunk: 187

Company: Northwest Bancshares, Inc.
Filing Date: 2025-02-25
Form: 10-K
Item: Item 1B
Chunk 187
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 for income tax purposes are included in taxable income of later years only if the bad debt reserve is used subsequently for purposes other than to absorb bad debt losses. There was no required recapture of the pre-1988 reserves. The pre-1988 reserves would only be subject to recapture and income if there is a distribution in excess of earnings and profits or liquidation. Retained earnings at December 31, 2024 and 2023 include approximately $39 million representing such bad debt deductions for which no deferred income taxes have been provided.

(14)    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 and the treasury stock method was used to determine diluted earnings per share for the year ended December 31, 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,