WESBANCO INC
For the period ended Sep 30, 2026. Filed Oct 29, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2026 · Filed Oct 29, 2026
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Composition of Loans
Table 38: Composition of Loans(1)
| September 30, 2026 | December 31, 2025 | |||
|---|---|---|---|---|
| (unaudited, dollars in thousands) | Amount | % of Loans | Amount | % of Loans |
| Commercial real estate: | ||||
| Land and construction | $1,637,322 | 8.2 | $1,783,637 | 9.2 |
| Improved property | 9,682,193 | 48.5 | 9,155,197 | 47.5 |
| Total commercial real estate | 11,319,515 | 56.7 | 10,938,834 | 56.7 |
| Commercial and industrial | 3,067,867 | 15.4 | 2,863,893 | 14.8 |
| Residential real estate | 3,998,944 | 20.0 | 3,938,585 | 20.4 |
| Home equity | 1,240,811 | 6.2 | 1,129,394 | 5.8 |
| Consumer | 273,414 | 1.4 | 355,726 | 1.8 |
| Total portfolio loans | 19,900,551 | 99.7 | 19,226,432 | 99.5 |
| Loans held for sale | 56,707 | 0.3 | 87,454 | 0.5 |
| Total loans | $19,957,258 | 100.0 | $19,313,886 | 100.0 |
(1)
Loans are presented gross of the allowance for loan credit losses – loans and net of unearned income, credit valuation adjustments, and unamortized net deferred loan fee income and loan origination costs.
Total portfolio loans increased $674.1 million, or 3.5%, from December 31, 2025, and have increased $968.5 million, or 5.1%, over the past twelve months, including increases of 13.7% in home equity lines of credit, 8.4% in CRE improved property, 10.7% in C&I, and 1.8% in residential real estate. These are partially offset by decreases of 28.9% in consumer loans and 10.4% in CRE land and construction. Of note, Wesbanco has ended its indirect auto lending program as it is not core to our organic growth strategy, and not due to any credit concerns. At September 30, 2026, it represented approximately one-third of the $273.4 million consumer loan portfolio.
Total loan commitments of $7.3 billion, including loans approved but not closed, increased $1.0 billion or 16.3% from December 31, 2025. The average line utilization percentage for the commercial portfolio was 37.3% for the three months ended September 30, 2026 compared to 36.5% for the three months ended December 31, 2025.
The commercial portfolio is monitored for potential concentrations of credit risk by market, type of lending, CRE property type, C&I and owner-occupied CRE by industry, investment CRE dependence on common tenants and industries or property types that are similarly impacted by external factors. The breakdown for all CRE – improved property is 33% owner-occupied and 67% investor-owned.
Loans HFS at both September 30, 2026 and December 31, 2025 includes originated residential mortgages and residential construction loans that are committed to be sold into the secondary market. Loans HFS at September 30, 2026 also includes one commercial loan with an amortized cost of $19.2 million. Total loans HFS were $56.7 million at September 30, 2026, a decrease of $30.7 million from December 31, 2025.
NON-PERFORMING ASSETS AND LOANS PAST DUE 90 DAYS OR MORE
Non-performing assets consist of non-accrual loans, OREO acquired through or in lieu of foreclosure, and repossessed automobiles acquired to satisfy defaulted consumer loans.
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