Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2026

NW Holdings' diluted earnings or loss per share are calculated as follows:


	Three Months Ended June 30,				Six Months Ended June 30,
In thousands, except per share data	2026		2025		2026		2025


Net income (loss)	$	600	$	(2,500)	$	98,089	$	85,416
Average common shares outstanding - basic	42,086		40,482		41,898		40,364
Additional shares for stock-based compensation plans (See Note 8)	92		—		116		65
Average common shares outstanding - diluted	42,178		40,482		42,014		40,429






Earnings (loss) per share of common stock:
Basic	$	0.01	$	(0.06)	$	2.34	$	2.12
Diluted	0.01		(0.06)		2.33		2.11
Additional information:
Anti-dilutive shares	7		55		3		3