Northwest Bancshares, Inc.NWBI

Northwest Bancshares, Inc. Earnings Per Share Disclosure

10-KFiled Feb 25, 20262 min read
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 years ended December 31, 2025 and 2024. The two-class method was used to determine basic and diluted EPS for the year ended December 31, 2023. The following table sets forth the computation of basic and diluted earnings per share for the years ended December 31, 2025, 2024 and 2023.
Years ended December 31,
 202520242023
Numerator for earnings per share - Basic and Diluted:
Net income - treasury stock method - Basic and Diluted$126,013 100,278 134,957 
Less: Dividends and undistributed earnings allocated to participating securities65 125 339 
Net income available to common shareholders - two class method - Basic and Diluted$125,948 100,153 134,618 
Denominator for earnings per share - treasury stock method - Basic and Diluted
Weighted average common shares outstanding - Basic135,497,591 127,085,446 126,668,671 
Add: Potentially dilutive shares825,295 614,055 421,670 
Denominator for treasury stock method - Diluted136,322,886 127,699,501 127,090,341 
Denominator for earnings per share - two class method - Basic and Diluted:
Weighted average common shares outstanding - Basic135,497,591 127,085,446 126,668,671 
Add: Average participating shares outstanding 74,083 158,719 319,501 
Denominator for two class method - Diluted135,571,674 127,244,165 126,988,172 
Basic earnings per share$0.93 0.79 1.06 
Diluted earnings per share$0.92 0.79 1.06 
Anti-dilutive awards (1)1,961 2,128 2,814 
(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.

Historical Timeline

Fiscal YearFiled
2025Feb 25, 2026Showing above
2024Feb 25, 2025
2023Feb 23, 2024
2022Feb 24, 2023
2021Feb 25, 2022
2020Feb 26, 2021
2019Mar 2, 2020
2018Mar 1, 2019
2017Mar 1, 2018
2016Mar 1, 2017
2015Feb 29, 2016

About Earnings Per Share Disclosures

The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.

Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.

Other Available Disclosures

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