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Derivatives and Hedging Activities (Tables) | 3 Months Ended
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Mar. 31, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Summary of Fair Values of Derivative Instruments on Balance Sheets | The table below presents the fair value of Wesbanco’s derivative financial instruments as well as their classification on the Balance Sheet as of March 31, 2025 and December 31, 2024:
|  | March 31, 2025 |  |  | December 31, 2024 |
(unaudited, in thousands) |  | Notional or Contractual Amount |  |  | Asset Derivative s |  |  | Liability Derivatives |  |  | Notional or Contractual Amount |  |  | Asset Derivative s |  |  | Liability Derivatives |
Derivatives |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Loan Swaps: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest rate swaps and caps |  | $ | 2,085,861 |  |  | $ | 66,947 |  |  | $ | 67,833 |  |  | $ | 1,906,520 |  |  | $ | 72,343 |  |  | $ | 72,204 |
Other contracts: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest rate lock commitments |  |  | 48,329 |  |  |  | 1,218 |  |  |  | — |  |  |  | 15,476 |  |  |  | — |  |  |  | 41 |
Forward TBA contracts |  |  | 294,000 |  |  |  | — |  |  |  | 345 |  |  |  | 29,000 |  |  |  | 115 |  |  |  | — |
Total derivatives |  |  |  |  | $ | 68,165 |  |  | $ | 68,178 |  |  |  |  |  | $ | 72,458 |  |  | $ | 72,245 |
Summary of Effect of Derivative Instruments on Income Statement | The table below presents the change in the fair value of the Company’s derivative financial instruments reflected within non-interest income on the consolidated income statement for the three months ended March 31, 2025 and 2024, respectively.
|  |  | For the Three Months Ended March 31, |
(unaudited, in thousands) | Location of Gain/(Loss) |  | 2025 |  |  | 2024 |
Interest rate swaps and caps | Net swap fee and valuation income |  | $ | (1,009 | ) |  | $ | 798 |
Interest rate lock commitments | Mortgage banking income |  |  | 1,259 |  |  |  | (26 | )
Forward TBA contracts | Mortgage banking income |  |  | (498 | ) |  |  | 48 |
Total |  |  | $ | (248 | ) |  | $ | 820 |

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- Definition Tabular disclosure of the location and amount of derivative instruments and nonderivative instruments designated as hedging instruments reported before netting adjustments, and the amount of gain (loss) on derivative instruments and nonderivative instruments designated and qualified as hedging instruments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4E -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4E Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4C Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4A -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4A + Details
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- Definition Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4B + Details
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