XML 27 R14.htm IDEA: XBRL DOCUMENT
v3.22.4

Goodwill and Other Intangible Assets | 12 Months Ended
--- | ---
Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Other Intangible Assets | NOTE 6. GOODWILL AND OTHER INTANGIBLE ASSETS Wesbanco’s Consolidated Balance Sheets include goodwill of $1.1 billion as of December 31, 2022 and 2021, respectively, all of which relates to the Community Banking segment. Wesbanco’s other intangible assets of $44.6 million and $54.9 million at December 31, 2022 and 2021, respectively, primarily consist of core deposit and other customer list intangibles, which have finite lives and are amortized using straight line and accelerated methods. Other intangible assets are being amortized over estimated useful lives ranging from ten to sixteen years. Amortization of core deposit and customer list intangible assets totaled $10.3 million, $11.5 million and $13.4 million for the years ended December 31, 2022, 2021 and 2020, respectively. Wesbanco completed its annual goodwill impairment evaluation as of November 30, 2022 and determined that goodwill was not impaired as of such date as well as at December 31, 2022, as there were no significant changes in market conditions, consolidated operating results, or forecasted future results from November 30, 2022. Additionally, there were no events or changes in circumstances indicating impairment of other intangible assets as of December 31, 2022. The following table shows Wesbanco’s capitalized other intangible assets and related accumulated amortization:
|  | December 31, |
(in thousands) |  | 2022 |  |  | 2021 |
Other intangible assets: |  |  |  |  |  |
Gross carrying amount |  | $ | 110,358 |  |  | $ | 115,032 |
Accumulated amortization |  |  | (65,764 | ) |  |  | (60,159 | )
Net carrying amount of other intangible assets |  | $ | 44,594 |  |  | $ | 54,873 |
The following table shows the amortization on Wesbanco’s other intangible assets for each of the next five years (in thousands):
Year |  | Amount |
2023 |  | $ | 9,088 |
2024 |  |  | 8,251 |
2025 |  |  | 7,475 |
2026 |  |  | 6,737 |
2027 |  |  | 6,214 |
2028 and thereafter |  |  | 6,829 |
Total |  | $ | 44,594 |

X
- References No definition available. + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI https://asc.fasb.org/topic&trid=2144416 + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration