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Business Segments | 9 Months Ended
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Sep. 30, 2019
Segment Reporting [Abstract] |
Business Segments | NOTE 13. BUSINESS SEGMENTS WesBanco operates two reportable segments: community banking and trust and investment services. WesBanco’s community banking segment offers services traditionally offered by full-service commercial banks, including commercial demand, individual demand and time deposit accounts, as well as commercial, mortgage and individual installment loans, and certain non-traditional offerings, such as insurance and securities brokerage services. The trust and investment services segment offers trust services as well as various alternative investment products including mutual funds. The market value of assets managed or held in custody by the trust and investment services segment was approximately $4.4 billion and $4.7 billion at September 30, 2019 and 2018, respectively. These assets are held by WesBanco in fiduciary or agency capacities for their customers and therefore are not included as assets on WesBanco’s Consolidated Balance Sheets. Condensed financial information by business segment is presented below:
|  |  |  |  |  | Trust and |  |  |  |  |
|  | Community |  |  | Investment |  |  |  |  |
(unaudited, in thousands) |  | Banking |  |  | Services |  |  | Consolidated |
For The Three Months Ended September 30, 2019 |  |  |  |  |  |  |  |  |  |  |  |
Interest and dividend income |  | $ | 117,348 |  |  | $ | — |  |  | $ | 117,348 |
Interest expense |  |  | 21,228 |  |  |  | — |  |  |  | 21,228 |
Net interest income |  |  | 96,120 |  |  |  | — |  |  |  | 96,120 |
Provision for credit losses |  |  | 4,121 |  |  |  | — |  |  |  | 4,121 |
Net interest income after provision for credit losses |  |  | 91,999 |  |  |  | — |  |  |  | 91,999 |
Non-interest income |  |  | 20,525 |  |  |  | 6,425 |  |  |  | 26,950 |
Non-interest expense |  |  | 69,068 |  |  |  | 4,200 |  |  |  | 73,268 |
Income before provision for income taxes |  |  | 43,456 |  |  |  | 2,225 |  |  |  | 45,681 |
Provision for income taxes |  |  | 7,866 |  |  |  | 468 |  |  |  | 8,334 |
Net income |  | $ | 35,590 |  |  | $ | 1,757 |  |  | $ | 37,347 |
For The Three Months Ended September 30, 2018 |  |  |  |  |  |  |  |  |  |  |  |
Interest and dividend income |  | $ | 108,393 |  |  | $ | — |  |  | $ | 108,393 |
Interest expense |  |  | 18,460 |  |  |  | — |  |  |  | 18,460 |
Net interest income |  |  | 89,933 |  |  |  | — |  |  |  | 89,933 |
Provision for credit losses |  |  | 1,035 |  |  |  | — |  |  |  | 1,035 |
Net interest income after provision for credit losses |  |  | 88,898 |  |  |  | — |  |  |  | 88,898 |
Non-interest income |  |  | 19,959 |  |  |  | 6,265 |  |  |  | 26,224 |
Non-interest expense |  |  | 72,378 |  |  |  | 3,742 |  |  |  | 76,120 |
Income before provision for income taxes |  |  | 36,479 |  |  |  | 2,523 |  |  |  | 39,002 |
Provision for income taxes |  |  | 5,986 |  |  |  | 530 |  |  |  | 6,516 |
Net income |  | $ | 30,493 |  |  | $ | 1,993 |  |  | $ | 32,486 |
For the Nine Months Ended September 30, 2019 |  |  |  |  |  |  |  |  |  |  |  |
Interest and dividend income |  | $ | 355,944 |  |  | $ | — |  |  | $ | 355,944 |
Interest expense |  |  | 63,003 |  |  |  | — |  |  |  | 63,003 |
Net interest income |  |  | 292,941 |  |  |  | — |  |  |  | 292,941 |
Provision for credit losses |  |  | 9,375 |  |  |  | — |  |  |  | 9,375 |
Net interest income after provision for credit losses |  |  | 283,566 |  |  |  | — |  |  |  | 283,566 |
Non-interest income |  |  | 65,998 |  |  |  | 19,880 |  |  |  | 85,878 |
Non-interest expense |  |  | 207,299 |  |  |  | 12,353 |  |  |  | 219,652 |
Income before provision for income taxes |  |  | 142,265 |  |  |  | 7,527 |  |  |  | 149,792 |
Provision for income taxes |  |  | 25,714 |  |  |  | 1,581 |  |  |  | 27,295 |
Net income |  | $ | 116,551 |  |  | $ | 5,946 |  |  | $ | 122,497 |
For the Nine Months Ended September 30, 2018 |  |  |  |  |  |  |  |  |  |  |  |
Interest and dividend income |  | $ | 293,596 |  |  | $ | — |  |  | $ | 293,596 |
Interest expense |  |  | 48,127 |  |  |  | — |  |  |  | 48,127 |
Net interest income |  |  | 245,469 |  |  |  | — |  |  |  | 245,469 |
Provision for credit losses |  |  | 4,911 |  |  |  | — |  |  |  | 4,911 |
Net interest income after provision for credit losses |  |  | 240,558 |  |  |  | — |  |  |  | 240,558 |
Non-interest income |  |  | 55,195 |  |  |  | 18,520 |  |  |  | 73,715 |
Non-interest expense |  |  | 183,298 |  |  |  | 10,936 |  |  |  | 194,234 |
Income before provision for income taxes |  |  | 112,455 |  |  |  | 7,584 |  |  |  | 120,039 |
Provision for income taxes |  |  | 19,262 |  |  |  | 1,593 |  |  |  | 20,855 |
Net income |  | $ | 93,193 |  |  | $ | 5,991 |  |  | $ | 99,184 |
Total non-fiduciary assets of the trust and investment services segment were $4.0 million (including $2.5 million of trust customer intangibles) and $5.1 million (including $2.6 million of trust customer intangibles) at September 30, 2019 and 2018, respectively. All other assets, including goodwill and the remainder of other intangible assets, were allocated to the Community Banking segment.

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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