WESBANCO INC
For the period ended Dec 31, 2025. Filed Mar 2, 2026.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Mar 2, 2026
WSBC$39.09-0.9%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Income
WESBANCO, INC. CONSOLIDATED STATEMENTS OF INCOME
| For the Years Ended December 31, | |||
|---|---|---|---|
| (in thousands, except shares and per share amounts) | 2025 | 2024 | 2023 |
| INTEREST AND DIVIDEND INCOME | |||
| Loans, including fees | $1,097,203 | $709,802 | $596,852 |
| Interest and dividends on securities: | |||
| Taxable | 116,342 | 70,559 | 73,449 |
| Tax-exempt | 18,702 | 18,089 | 18,830 |
| Total interest and dividends on securities | 135,044 | 88,648 | 92,279 |
| Other interest income | 39,693 | 27,191 | 22,385 |
| Total interest and dividend income | 1,271,940 | 825,641 | 711,516 |
| INTEREST EXPENSE | |||
| Interest bearing demand deposits | 120,953 | 107,700 | 72,866 |
| Money market deposits | 131,839 | 72,899 | 36,616 |
| Savings deposits | 35,176 | 31,066 | 23,869 |
| Certificates of deposit | 87,788 | 53,236 | 18,472 |
| Total interest expense on deposits | 375,756 | 264,901 | 151,823 |
| Federal Home Loan Bank borrowings | 58,434 | 62,489 | 59,318 |
| Other short-term borrowings | 3,433 | 3,953 | 2,545 |
| Subordinated debt and junior subordinated debt | 20,017 | 16,090 | 16,492 |
| Total interest expense | 457,640 | 347,433 | 230,178 |
| NET INTEREST INCOME | 814,300 | 478,208 | 481,338 |
| Provision for credit losses | 77,242 | 19,206 | 17,734 |
| Net interest income after provision for credit losses | 737,058 | 459,002 | 463,604 |
| NON-INTEREST INCOME | |||
| Trust fees | 37,087 | 30,676 | 28,135 |
| Service charges on deposits | 41,392 | 29,979 | 26,116 |
| Digital banking income | 26,475 | 19,953 | 19,454 |
| Net swap fee and valuation income | 8,896 | 5,941 | 6,912 |
| Net securities brokerage revenue | 11,846 | 10,238 | 10,055 |
| Bank-owned life insurance | 15,101 | 9,544 | 11,002 |
| Mortgage banking income | 6,194 | 4,270 | 2,652 |
| Net securities gains | 3,379 | 1,408 | 900 |
| Net (losses)/gains on other real estate owned and other assets | (424) | 142 | 1,520 |
| Other income | 16,809 | 15,832 | 13,701 |
| Total non-interest income | 166,755 | 127,983 | 120,447 |
| NON-INTEREST EXPENSE | |||
| Salaries and wages | 230,977 | 177,516 | 176,938 |
| Employee benefits | 67,015 | 46,141 | 46,901 |
| Net occupancy | 33,237 | 25,157 | 25,338 |
| Equipment and software | 62,612 | 41,303 | 36,666 |
| Marketing | 9,861 | 9,764 | 11,178 |
| FDIC insurance | 20,897 | 14,215 | 12,249 |
| Amortization of intangible assets | 29,070 | 8,251 | 9,088 |
| Restructuring and merger-related expense | 75,933 | 6,400 | 3,830 |
| Other operating expenses | 94,973 | 73,124 | 67,814 |
| Total non-interest expense | 624,575 | 401,871 | 390,002 |
| Income before provision for income taxes | 279,238 | 185,114 | 194,049 |
| Provision for income taxes | 56,133 | 33,604 | 35,017 |
| NET INCOME | $223,105 | $151,510 | $159,032 |
| Preferred stock dividends | 20,541 | 10,125 | 10,125 |
| NET INCOME AVAILABLE TO COMMON SHAREHOLDERS | $202,564 | $141,385 | $148,907 |
| EARNINGS PER COMMON SHARE | |||
| Basic | $2.23 | $2.26 | $2.51 |
| Diluted | 2.23 | 2.26 | 2.51 |
| AVERAGE COMMON SHARES OUTSTANDING | |||
| Basic | 90,896,991 | 62,589,406 | 59,303,210 |
| Diluted | 91,034,094 | 62,653,557 | 59,427,989 |
| DIVIDENDS DECLARED PER COMMON SHARE | $1.49 | $1.45 | $1.41 |
WESBANCO, INC. CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)
| For the Years Ended December 31, | |||
|---|---|---|---|
| (in thousands) | 2025 | 2024 | 2023 |
| Net income | $223,105 | $151,510 | $159,032 |
| Debt securities available-for-sale: | |||
| Net change in unrealized gains on debt securities available-for-sale | 110,626 | 12,511 | 38,535 |
| Related income tax effect | (26,036) | (2,835) | (10,045) |
| Net securities (gains) losses reclassified into earnings | (73) | 12 | 241 |
| Related income tax effect | 22 | (3) | (58) |
| Amortization of state tax rate adjustment reclassified into earnings | (687) | (233) | — |
| Net effect on other comprehensive income (loss) for the period | 83,852 | 9,452 | 28,673 |
| Defined benefit plans: | |||
| Amortization of net (gain) loss and prior service costs | (738) | (406) | 399 |
| Related income tax effect | 175 | 122 | (97) |
| Recognition of unrealized gain | 2,630 | 845 | 8,909 |
| Related income tax effect | (607) | (203) | (2,161) |
| Gain on settlement of retired employee accounts | — | (2,301) | — |
| Related income tax effect | — | 552 | — |
| Net effect on other comprehensive income (loss) for the period | 1,460 | (1,391) | 7,050 |
| Total other comprehensive income | 85,312 | 8,061 | 35,723 |
| Comprehensive income | $308,417 | $159,571 | $194,755 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.