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Business Segments (Tables) | 3 Months Ended
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Mar. 31, 2025
Segment Reporting [Abstract] |
Financial Information by Business Segment | The following tables present selected financial information with respect to Wesbanco’s business segments for the three months ended March 31, 2025 and 2024 as received and reviewed on a regular basis by the CODM:
(in thousands) |  | Community Banking |  |  | Trust and Investment Services |  |  | Corporate Other |  |  | Totals |
For The Three Months Ended March 31, 2025: |  |  |  |  |  |  |  |  |  |  |  |
Interest and dividend income |  | $ | 253,232 |  |  | $ | — |  |  | $ | — |  |  |  |
Less: Interest expense (1) |  |  | 89,649 |  |  |  | 935 |  |  |  | 4,129 |  |  |  |
Net interest income |  |  | 163,583 |  |  |  | (935 | ) |  |  | (4,129 | ) |  |  |
Less: Provision for credit losses |  |  | 68,883 |  |  |  | — |  |  |  | — |  |  |  |
Net interest income after provision for credit losses |  |  | 94,700 |  |  |  | (935 | ) |  |  | (4,129 | ) |  |  |
Non-interest income: |  |  |  |  |  |  |  |  |  |  |  |
Trust fees |  |  | — |  |  |  | 6,673 |  |  |  | — |  |  |  |
WesMark fees |  |  | — |  |  |  | 2,024 |  |  |  | — |  |  |  |
Service charges on deposits |  |  | 8,587 |  |  |  | — |  |  |  | — |  |  |  |
Digital banking income |  |  | 5,404 |  |  |  | — |  |  |  | — |  |  |  |
Net swap fee and valuation income |  |  | 961 |  |  |  | — |  |  |  | — |  |  |  |
Net securities brokerage revenue |  |  | 2,701 |  |  |  | — |  |  |  | — |  |  |  |
Net insurance services revenue |  |  | 955 |  |  |  | — |  |  |  | — |  |  |  |
Bank-owned life insurance |  |  | 3,428 |  |  |  | — |  |  |  | — |  |  |  |
Payment processing fees |  |  | 891 |  |  |  | — |  |  |  | — |  |  |  |
Net securities losses |  |  | (318 | ) |  |  | — |  |  |  | — |  |  |  |
Net loss on other real estate owned and other assets |  |  | (40 | ) |  |  | — |  |  |  | — |  |  |  |
Mortgage banking income |  |  | 1,140 |  |  |  | — |  |  |  | — |  |  |  |
Other income |  |  | 2,250 |  |  |  | — |  |  |  | 9 |  |  |  |
Total revenues |  | $ | 120,659 |  |  | $ | 7,762 |  |  | $ | (4,120 | ) |  | $ | 124,301 |
Less (2): |  |  |  |  |  |  |  |  |  |  |  |
Salaries and wages |  |  | 46,615 |  |  |  | 1,962 |  |  |  | — |  |  |  |
Employee benefits |  |  | 12,490 |  |  |  | 480 |  |  |  | — |  |  |  |
Net occupancy (3) |  |  | 7,721 |  |  |  | 57 |  |  |  | — |  |  |  |
Equipment and software (4) |  |  | 12,993 |  |  |  | 57 |  |  |  | — |  |  |  |
Miscellaneous taxes |  |  | 4,233 |  |  |  | 1 |  |  |  | — |  |  |  |
Professional services |  |  | 3,655 |  |  |  | 138 |  |  |  | 1,825 |  |  |  |
Marketing |  |  | 2,362 |  |  |  | 20 |  |  |  | — |  |  |  |
FDIC insurance |  |  | 4,187 |  |  |  | — |  |  |  | — |  |  |  |
Supplies |  |  | 1,685 |  |  |  | 53 |  |  |  | — |  |  |  |
Telecommunications |  |  | 1,210 |  |  |  | — |  |  |  | — |  |  |  |
General administration |  |  | 1,370 |  |  |  | 28 |  |  |  | 130 |  |  |  |
Merger-related and restructuring |  |  | 13,691 |  |  |  | — |  |  |  | 6,319 |  |  |  |
Amortization of intangibles |  |  | 4,183 |  |  |  | 40 |  |  |  | — |  |  |  |
Corporate overhead expenses (5) |  |  | — |  |  |  | 1,580 |  |  |  | — |  |  |  |
Other segment items (6) |  |  | 4,886 |  |  |  | 31 |  |  |  | (36 | ) |  |  |
Segment (loss) profit before provision for income taxes |  |  | (622 | ) |  |  | 3,315 |  |  |  | (12,358 | ) |  |  |
Provision for income taxes |  |  | 109 |  |  |  | 696 |  |  |  | (1,478 | ) |  |  |
Segment (loss) profit |  | $ | (731 | ) |  | $ | 2,619 |  |  | $ | (10,880 | ) |  | $ | (8,992 | )
Reconciliation of segment (loss) profit |  |  |  |  |  |  |  |  |  |  |  |
Preferred stock dividends |  |  |  |  |  |  |  |  |  |  |  | (2,531 | )
Net loss available to common shareholders |  |  |  |  |  |  |  |  |  |  | $ | (11,523 | )
(1) Within Corporate other, this represents interest expense on subordinated and junior subordinated debt issued by the parent company of Wesbanco. (2) The significant expense categories and amounts align with the segment-level information that is regularly provided to the CODM. (3) Includes depreciation and amortization expense of $1.9 million for the community banking segment. Such expenses for the trust and investment services segment are immaterial. (4) Includes depreciation and amortization expense of $2.4 million for the community banking segment. Such expenses for the trust and investment services segment are immaterial. (5) Corporate overhead expenses allocated to the trust and investment services segment consist of audit and accounting services, human resources, bank administration and information technology. (6) Other segment items included in segment expenses for the community banking segment include ATM and digital banking interchange expenses, correspondent service fee expense, postage expense, corporate insurance expense and other general banking service expenses. Other segment items included in segment expenses for the trust and investment services segment include postage expense, securities safekeeping expense and other miscellaneous operating expenses.
(in thousands) |  | Community Banking |  |  | Trust and Investment Services |  |  | Corporate Other |  |  | Totals |
For The Three Months Ended March 31, 2024: |  |  |  |  |  |  |  |  |  |  |  |
Interest and dividend income |  | $ | 195,333 |  |  | $ | — |  |  | $ | — |  |  |  |
Less: Interest expense (1) |  |  | 76,264 |  |  |  | 1,028 |  |  |  | 4,075 |  |  |  |
Net interest income |  |  | 119,069 |  |  |  | (1,028 | ) |  |  | (4,075 | ) |  |  |
Less: Provision for credit losses |  |  | 4,014 |  |  |  | — |  |  |  | — |  |  |  |
Net interest income after provision for credit losses |  |  | 115,055 |  |  |  | (1,028 | ) |  |  | (4,075 | ) |  |  |
Non-interest income: |  |  |  |  |  |  |  |  |  |  |  |
Trust fees |  |  | — |  |  |  | 6,099 |  |  |  | — |  |  |  |
WesMark fees |  |  | — |  |  |  | 1,983 |  |  |  | — |  |  |  |
Service charges on deposits |  |  | 6,784 |  |  |  | — |  |  |  | — |  |  |  |
Digital banking income |  |  | 4,704 |  |  |  | — |  |  |  | — |  |  |  |
Net swap fee and valuation income |  |  | 1,563 |  |  |  | — |  |  |  | — |  |  |  |
Net securities brokerage revenue |  |  | 2,548 |  |  |  | — |  |  |  | — |  |  |  |
Net insurance services revenue |  |  | 944 |  |  |  | — |  |  |  | — |  |  |  |
Bank-owned life insurance |  |  | 2,067 |  |  |  | — |  |  |  | — |  |  |  |
Payment processing fees |  |  | 829 |  |  |  | — |  |  |  | — |  |  |  |
Net securities gains |  |  | 537 |  |  |  | — |  |  |  | — |  |  |  |
Net gain on other real estate owned and other assets |  |  | 154 |  |  |  | — |  |  |  | — |  |  |  |
Mortgage banking income |  |  | 693 |  |  |  | — |  |  |  | — |  |  |  |
Other income |  |  | 1,724 |  |  |  | — |  |  |  | — |  |  |  |
Total revenues |  | $ | 137,602 |  |  | $ | 7,054 |  |  | $ | (4,075 | ) |  | $ | 140,581 |
Less (2): |  |  |  |  |  |  |  |  |  |  |  |
Salaries and wages |  |  | 41,145 |  |  |  | 1,852 |  |  |  | — |  |  |  |
Employee benefits |  |  | 11,700 |  |  |  | 484 |  |  |  | — |  |  |  |
Net occupancy (3) |  |  | 6,571 |  |  |  | 52 |  |  |  | — |  |  |  |
Equipment and software (4) |  |  | 10,001 |  |  |  | 7 |  |  |  | — |  |  |  |
Miscellaneous taxes |  |  | 3,159 |  |  |  | 3 |  |  |  | — |  |  |  |
Professional services |  |  | 3,004 |  |  |  | 76 |  |  |  | 1,922 |  |  |  |
Marketing |  |  | 1,870 |  |  |  | 15 |  |  |  | — |  |  |  |
FDIC insurance |  |  | 3,448 |  |  |  | — |  |  |  | — |  |  |  |
Supplies |  |  | 1,296 |  |  |  | 42 |  |  |  | — |  |  |  |
Telecommunications |  |  | 1,263 |  |  |  | — |  |  |  | — |  |  |  |
General administration |  |  | 1,360 |  |  |  | 33 |  |  |  | 25 |  |  |  |
Merger-related and restructuring |  |  | — |  |  |  | — |  |  |  | — |  |  |  |
Amortization of intangibles |  |  | 2,044 |  |  |  | 48 |  |  |  | — |  |  |  |
Corporate overhead expenses (5) |  |  | — |  |  |  | 1,523 |  |  |  | — |  |  |  |
Other segment items (6) |  |  | 4,224 |  |  |  | 60 |  |  |  | (36 | ) |  |  |
Segment profit (loss) before provision for income taxes |  |  | 46,517 |  |  |  | 2,859 |  |  |  | (5,986 | ) |  |  |
Provision for income taxes |  |  | 8,425 |  |  |  | 600 |  |  |  | (1,328 | ) |  |  |
Segment profit (loss) |  | $ | 38,092 |  |  | $ | 2,259 |  |  | $ | (4,658 | ) |  | $ | 35,693 |
Reconciliation of segment profit (loss) |  |  |  |  |  |  |  |  |  |  |  |
Preferred stock dividends |  |  |  |  |  |  |  |  |  |  |  | (2,531 | )
Net income available to common shareholders |  |  |  |  |  |  |  |  |  |  | $ | 33,162 |
(1) Within Corporate other, this represents interest expense on subordinated and junior subordinated debt issued by the parent company of Wesbanco. (2) The significant expense categories and amounts align with the segment-level information that is regularly provided to the CODM. (3) Includes depreciation and amortization expense of $1.7 million for the community banking segment. Such expenses for the trust and investment services segment are immaterial. (4) Includes depreciation and amortization expense of $2.1 million for the community banking segment. Such expenses for the trust and investment services segment are immaterial. (5) Corporate overhead expenses allocated to the trust and investment services segment consist of audit and accounting services, human resources, bank administration and information technology. (6) Other segment items included in segment expenses for the community banking segment include ATM and digital banking interchange expenses, correspondent service fee expense, postage expense, corporate insurance expense and other general banking service expenses. Other segment items included in segment expenses for the trust and investment services segment include postage expense, securities safekeeping expense and other miscellaneous operating expenses.

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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