WESBANCO INC
For the period ended Dec 31, 2023. Filed Feb 26, 2024.
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FY2023 · Filed Feb 26, 2024
WSBC$39.09-0.9%Stored close · as of Nov 10, 2026
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Consolidated Statements of Comprehensive Income (Loss)
WESBANCO, INC. CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)
| For the Years Ended December 31, | |||
|---|---|---|---|
| (in thousands) | 2023 | 2022 | 2021 |
| Net income | $159,032 | $192,113 | $242,260 |
| Debt securities available-for-sale: | |||
| Net change in unrealized gains (losses) on debt securities available-for-sale | 38,535 | (339,422) | (67,652) |
| Related income tax (expense) benefit | (10,045) | 82,253 | 16,112 |
| Net securities losses (gains) reclassified into earnings | 241 | 13 | (56) |
| Related income tax (benefit) expense | (58) | (3) | 13 |
| Net effect on other comprehensive income for the period | 28,673 | (257,159) | (51,583) |
| Defined benefit plans: | |||
| Amortization of net loss and prior service costs | 399 | 291 | 2,521 |
| Related income tax benefit | (97) | (70) | (609) |
| Recognition of unrealized gain (loss) | 8,909 | (473) | 17,386 |
| Related income tax (expense) benefit | (2,161) | 115 | (4,194) |
| Net effect on other comprehensive income for the period | 7,050 | (137) | 15,104 |
| Total other comprehensive gain (loss) | 35,723 | (257,296) | (36,479) |
| Comprehensive income (loss) | $194,755 | $(65,183) | $205,781 |
WESBANCO, INC. CONSOLIDATED STATEMENT
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