Company: NWBI
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001471265-25-000137
Chunk: 3

Company: Northwest Bancshares, Inc.
Filing Date: 2025-08-05
Form: 10-Q
Item: Item 1
Chunk 3
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$33,675 4,747 77,133 33,910 Basic earnings per share$0.26 0.04 0.60 0.27 Diluted earnings per share$0.26 0.04 0.60 0.27 

 See accompanying notes to unaudited Consolidated Financial Statements.

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NORTHWEST BANCSHARES, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited)

(in thousands)

Quarter ended June 30,Six months ended June 30, 2025202420252024Net income$33,675 4,747 77,133 33,910 Other comprehensive income net of tax:    Net unrealized holding gains/(losses) on marketable securities:    Unrealized holding gains/(losses), net of tax of ($1,180), $168, ($5,663), and $1,926, respectively3,425 (3,391)17,288 (9,089)Reclassification adjustment for losses included in net income, net of tax of $0, ($7,706), $0, and ($7,706) respectively1 26,789 1 26,789 Net unrealized holding gains/(losses) on marketable securities3,426 23,398 17,289 17,700 Change in fair value of interest rate swaps, net of tax of  $246, ($96), $624, and  ($726), respectively(650)330 (1,911)2,484 Defined benefit plan:    Actuarial reclassification adjustments for prior period service costs and actuarial gains included in net income, net of tax of $64, $147, $128, and $294, respectively(169)(388)(338)(776)Other comprehensive income2,607 23,340 15,040 19,408 Total comprehensive income$36,282 28,087 92,173 53,318 

See accompanying notes to unaudited Consolidated Financial Statements.

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NORTHWEST BANCSHARES, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY (Unaudited)

(in thousands, expect share data