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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Deposits
Table 42: Deposits
| (unaudited, dollars in thousands) | September 30,2026 | December 31,2025 | $ Change | % Change |
|---|---|---|---|---|
| Deposits | ||||
| Non-interest bearing demand | $5,235,283 | $5,376,767 | $(141,484) | (2.6) |
| Interest bearing demand | 5,463,872 | 5,186,880 | 276,992 | 5.3 |
| Money market | 5,143,236 | 5,072,039 | 71,197 | 1.4 |
| Savings deposits | 3,263,193 | 3,157,782 | 105,411 | 3.3 |
| Certificates of deposit | 2,506,919 | 2,875,372 | (368,453) | (12.8) |
| Total deposits | $21,612,503 | $21,668,840 | $(56,337) | (0.3) |
Deposits, which represent Wesbanco’s primary source of funds, are offered in various account forms at various rates through Wesbanco’s 216 financial centers. The FDIC insures deposits up to $250,000 per account owner.
Total deposits decreased $56.3 million during the first nine months of 2026. Savings deposits, money market deposits and demand deposits increased 3.3%, 1.4% and 1.3% respectively. Wesbanco also participates in the ICS® deposit program. ICS® reciprocal balances totaled $2.5 billion and $2.2 billion at September 30, 2026 and December 31, 2025, respectively. In addition, ICS® one-way buys totaled $100.2 million at December 31, 2025. There were no ICS® one-way buys at September 30, 2026.
Certificates of deposit decreased 12.8% from December 31, 2025 to September 30, 2026 due primarily to a decrease in higher cost certificates of deposit. Wesbanco does not generally solicit brokered or other deposits out-of-market or over the internet but does participate in the CDARS® program. CDARS® balances totaled $68.8 million in outstanding balances at September 30, 2026, none of which represented one-way buys, compared to $73.1 million in total outstanding balances, of which $0.9 million represented one-way buys, at December 31, 2025. Certificates of deposit greater than $250,000 were approximately $725.3 million at September 30, 2026 compared to $842.3 million at December 31, 2025. Certificates of deposit totaling approximately $2.4 billion at September 30, 2026 with a cost of 3.21% are scheduled to mature within the next 12 months. From time to time, the Bank may offer special promotions or match competitor rates on certain certificates of deposit maturities and savings products based on competition, sales strategies, liquidity needs and wholesale borrowing costs.
BORROWINGS
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