WESBANCO INC
For the period ended Sep 30, 2026. Filed Oct 29, 2026.
View on SEC.govAbout this filing
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
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Gains/(Losses) on Financial Derivatives
Table 22: Gains/(Losses) on Financial Derivatives
| For the Three Months Ended September 30, · For the Nine MonthsEnded September 30, | |||||
|---|---|---|---|---|---|
| (unaudited, in thousands) | Location of Gain/(Loss) | 2026 | 2025 | 2026 | 2025 |
| Interest rate swaps and caps | Net swap fee and valuation income | $2,051 | $22 | $2,251 | $(1,665) |
| Interest rate lock commitments | Mortgage banking income | (622) | (532) | (455) | 1,037 |
| Forward TBA contracts | Mortgage banking income | 1,458 | (836) | 1,813 | (1,872) |
| Total | $2,887 | $(1,346) | $3,609 | $(2,500) | |
Credit-risk-related Contingent Features
Wesbanco has agreements with its derivative counterparties that contain a provision, which provides that if Wesbanco defaults on any of its indebtedness, including default where repayment of the indebtedness has not been accelerated by the lender, then Wesbanco could also be declared in default on its derivative obligations.
Wesbanco also has agreements with certain of its derivative counterparties that contain a provision where if Wesbanco fails to maintain its status as either a “well” or “adequately-capitalized” institution, then the counterparty could terminate the derivative positions and Wesbanco would be required to settle its obligations under the agreements.
Dependent upon the net present value of the underlying swaps, Wesbanco has minimum collateral posting thresholds with certain of its derivative counterparties. Wesbanco was holding net cash collateral from various derivative counterparties totaling $78.7 million within interest bearing deposit accounts as of September 30, 2026, while Wesbanco had posted net cash collateral with a market value of $16.0 million as of December 31, 2025. If Wesbanco had breached any of these provisions at September 30, 2026, it could have been required to settle its obligations under the agreements at the termination value and would have been required to pay any additional amounts due in excess of amounts previously posted as collateral with the respective counterparties.
NOTE 7. BENEFIT PLANS
The following table presents the net periodic pension income for Wesbanco’s Defined Benefit Pension Plan ("the Plan”) and the related components:
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.