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Business Segments | 3 Months Ended
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Mar. 31, 2021
Segment Reporting [Abstract] |
Business Segments | NOTE 11. 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 $5.2 billion and $4.1 billion at March 31, 2021 and 2020, 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 March 31, 2021 |  |  |  |  |  |  |  |  |  |  |  |
Interest and dividend income |  | $ | 125,054 |  |  | $ | — |  |  | $ | 125,054 |
Interest expense |  |  | 8,576 |  |  |  | — |  |  |  | 8,576 |
Net interest income |  |  | 116,478 |  |  |  | — |  |  |  | 116,478 |
Provision for credit losses |  |  | (27,958 | ) |  |  | — |  |  |  | (27,958 | )
Net interest income after provision for credit losses |  |  | 144,436 |  |  |  | — |  |  |  | 144,436 |
Non-interest income |  |  | 25,577 |  |  |  | 7,631 |  |  |  | 33,208 |
Non-interest expense |  |  | 82,011 |  |  |  | 4,316 |  |  |  | 86,327 |
Income before provision for income taxes |  |  | 88,002 |  |  |  | 3,315 |  |  |  | 91,317 |
Provision for income taxes |  |  | 17,506 |  |  |  | 696 |  |  |  | 18,202 |
Net income |  |  | 70,496 |  |  |  | 2,619 |  |  |  | 73,115 |
Preferred stock dividends |  |  | 2,531 |  |  |  | — |  |  |  | 2,531 |
Net income available to common shareholders |  | $ | 67,965 |  |  | $ | 2,619 |  |  | $ | 70,584 |
For The Three Months Ended March 31, 2020 |  |  |  |  |  |  |  |  |  |  |  |
Interest and dividend income |  | $ | 142,448 |  |  | $ | — |  |  | $ | 142,448 |
Interest expense |  |  | 22,286 |  |  |  | — |  |  |  | 22,286 |
Net interest income |  |  | 120,162 |  |  | — |  |  |  | 120,162 |
Provision for credit losses |  |  | 29,821 |  |  |  | — |  |  |  | 29,821 |
Net interest income after provision for credit losses |  |  | 90,341 |  |  |  | — |  |  |  | 90,341 |
Non-interest income |  |  | 21,057 |  |  |  | 6,952 |  |  |  | 28,009 |
Non-interest expense |  |  | 86,918 |  |  |  | 4,415 |  |  |  | 91,333 |
Income before provision for income taxes |  |  | 24,480 |  |  |  | 2,537 |  |  |  | 27,017 |
Provision for income taxes |  |  | 3,088 |  |  |  | 533 |  |  |  | 3,621 |
Net income available to common shareholders |  | $ | 21,392 |  |  | $ | 2,004 |  |  | $ | 23,396 |
Total non-fiduciary assets of the trust and investment services segment were $3.9 million (including $1.7 million of trust customer intangibles) and $3.8 million (including $2.2 million of trust customer intangibles) at March 31, 2021 and 2020, 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://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8981-108599 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9031-108599 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (f) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9054-108599 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8657-108599 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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