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Mergers and Acquisitions (Tables) | 3 Months Ended
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Mar. 31, 2025
Business Combinations [Abstract] |
Summary of Preliminary Purchase Price of PFC Acquisition and Goodwill | The preliminary purchase price of the PFC acquisition and resulting goodwill is summarized as follows:
(unaudited, in thousands) |  | February 28, 2025 |
Purchase price: |  |  |
Fair value of Wesbanco shares issued |  | $ | 1,007,845 |
Cash consideration for outstanding PFC shares |  |  | 138 |
Total purchase price |  | $ | 1,007,983 |
Fair value of: |  |  |
Tangible assets acquired |  | $ | 7,733,099 |
Core deposit and other intangible assets acquired |  |  | 151,514 |
Liabilities assumed |  |  | (7,560,522 | )
Net cash received in the acquisition |  |  | 200,495 |
Fair value of net assets acquired |  |  | 524,586 |
Goodwill recognized |  | $ | 483,397 |
Summary of Amounts Recognized for Major Class of Assets Acquired and Liabilities Assumed | The following table presents the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed:
(unaudited, in thousands) |  | February 28, 2025 |
Total merger consideration |  |  |  | $ | 1,007,983 |
Fair value of assets acquired |  |  |  |  |
Cash and due from banks |  | $ | 200,495 |  |  |
Equity securities |  |  | 14,601 |  |  |
Available-for-sale debt securities |  |  | 1,149,986 |  |  |
Loans held for sale |  |  | 198,971 |  |  |
Net portfolio loans |  |  | 5,852,123 |  |  |
Premises and equipment |  |  | 63,391 |  |  |
Accrued interest receivable |  |  | 33,822 |  |  |
Intangible assets |  |  | 151,514 |  |  |
Bank-owned life insurance |  |  | 186,736 |  |  |
Deferred taxes |  |  | 99,178 |  |  |
Other assets |  |  | 134,291 |  |  |
Total assets acquired |  | $ | 8,085,108 |  |  |
Fair value of liabilities assumed |  |  |  |  |
Deposits |  | $ | 6,873,447 |  |  |
FHLB borrowings |  |  | 502,028 |  |  |
Subordinated debt and junior subordinated debt |  |  | 80,606 |  |  |
Accrued interest payable |  |  | 3,620 |  |  |
Other liabilities |  |  | 100,821 |  |  |
Total liabilities assumed |  | $ | 7,560,522 |  |  |
Net assets acquired |  |  |  | $ | 524,586 |
Goodwill |  |  |  | $ | 483,397 |
Summary of Purchased Credit Deteriorated Loans | The PCD loans are summarized in the following table:
(unaudited, in thousands) |  |  |
Amortized cost of acquired PCD loans |  | $ | 220,218 |
Allowance on PCD at acquisition |  |  | (29,069 | )
Non-credit discount on PCD |  |  | (14,092 | )
Fair value price of PCD loans |  | $ | 177,057 |
Summary of Unaudited Pro Forma Information | As a result, actual amounts differed from the unaudited pro forma information presented.
|  | For the Three Months Ended March 31, |
(unaudited, in thousands) |  | 2025 (1) |  |  | 2024 (2) |
Net interest income |  | $ | 202,271 |  |  | $ | 188,473 |
Non interest income |  |  | 45,324 |  |  |  | 43,125 |
Net income |  | $ | 70,734 |  |  | $ | 58,560 |
(1) Includes the net impact of after-tax purchase accounting accretion adjustments from the PFC acquisition totaling $7.9 million for the three months ended March 31, 2025. (2) Includes the net impact of after-tax purchase accounting accretion adjustments from the PFC acquisition totaling $14.2 million for the three months ended March 31, 2024.

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- Definition Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (h)(2) -SubTopic 10 -Topic 805 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479328/805-10-50-2 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (h)(3) -SubTopic 10 -Topic 805 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479328/805-10-50-2 + Details
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- Definition Tabular disclosure of a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479328/805-10-50-3 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479328/805-10-50-2 + Details
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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 805 -SubTopic 20 -Name Accounting Standards Codification -Paragraph 1 -Section 50 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479907/805-20-50-1 + Details
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