What does soft freeze, hours threshold mean?

The specific service hour threshold used to determine eligibility or benefit accrual changes within a soft-frozen defined benefit pension plan. This metric defines the operational parameters of the bank's legacy retirement obligations. It is useful for understanding the bank's strategy to manage and eventually reduce long-term personnel-related liabilities.

Northwest Bancshares NWBI Soft freeze, hours threshold

Soft freeze, hours threshold at other companies

Charles River LaboratoriesCRL

$894K+119%

Jackson FinancialJXN

2500.0%

Arthur J. GallagherAJG

3—

Dollar TreeDLTR

2500.0%

Kyndryl HoldingsKD

$1M—

Regal RexnordRRX

$25K0.0%

Other financials

Income statement

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Revenue$175.1M+12.1%

Net income$50.5M+16.3%

EPS (diluted)$0.340.0%

Balance sheet

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Cash & equivalents$286.7M-18.8%

Total debt$50.5M-79.8%

Total equity$1.9B+16.9%

Total assets$16.9B+17.0%

Cash flow

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Operating cash flow$73.9M-31.4%

CapEx$4.3M+136%

Free cash flow$69.6M-34.3%

Valuation

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Market cap$2.17B+21.0%

P/E16.3×+0.7×

P/S3.2×-0.1×

Profitability

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Net margin19.8%-1.2pp

FCF margin16.6%—

Returns & leverage

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Return on equity7.5%+0.3pp

Debt / equity0×-0.1×

Where this comes from

Reported directly by Northwest Bancshares in its filing.

Tagged under the XBRL concept nwbi:DefinedBenefitPlanSoftFreezeHoursThreshold.

The official record: Northwest Bancshares’s 10-K, filed February 25, 2026, on SEC EDGAR. View the filing →

Questions, answered.

What does soft freeze, hours threshold mean?: The specific service hour threshold used to determine eligibility or benefit accrual changes within a soft-frozen defined benefit pension plan. This metric defines the operational parameters of the bank's legacy retirement obligations. It is useful for understanding the bank's strategy to manage and eventually reduce long-term personnel-related liabilities.