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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Reclassifications from AOCI
Table 29: Recla ssifications from AOCI
| AOCI Component Details · For the Three Months Ended September 30, · For the Nine MonthsEnded September 30, · Affected Line Item in the Statementof Comprehensive Income | |||||
|---|---|---|---|---|---|
| (unaudited, in thousands) · 2026 · 2025 · 2026 · 2025 | |||||
| Debt securities available-for-sale (1): | |||||
| Net securities gains reclassified into earnings | $(62) | $(55) | $(200) | $(104) | Net securities gains/(losses) (Non-interest income) |
| Related income tax effect ⁽²⁾ | 14 | 16 | 46 | 30 | Provision for income taxes |
| Amortization of state tax rate change reclassified into earnings | (243) | (209) | (730) | (477) | Provision for income taxes |
| Net effect on accumulated other comprehensive income for the period | (291) | (248) | (884) | (551) | |
| Defined benefit plans (3): | |||||
| Amortization of net gain and prior service costs | (302) | (186) | (896) | (552) | Employee benefits (Non-interest expense) |
| Related income tax effect ⁽²⁾ | 70 | 45 | 206 | 136 | Provision for income taxes |
| Net effect on accumulated other comprehensive income for the period | (232) | (141) | (690) | (416) | |
| Total reclassifications for the period | $(523) | $(389) | $(1,574) | $(967) | |
(1)
For additional detail related to unrealized gains on securities and related amounts reclassified from AOCI, see Note 3, “Securities.”
(2)
Income tax expense or benefit is calculated using a combined Federal and State income tax rate approximating 23% in both periods presented.
(3)
Included in the computation of net periodic pension cost. See Note 7, “Benefit Plans” for additional detail.
NOTE 11. COMMITMENTS AND CONTINGENT LIABILITIES
Commitments
In the normal course of business, Wesbanco offers off-balance sheet credit arrangements to enable its customers to meet their financing objectives. Those instruments involve, to varying degrees, elements of credit and interest rate risk in excess of the amount recognized in the financial statements. Wesbanco’s exposure to credit losses in the event of non-performance by the other parties to the financial instruments for commitments to extend credit and standby letters of credit is limited to the contractual amount of those instruments. Wesbanco uses the same credit policies in making commitments and conditional obligations as for all other lending. Commitments generally have fixed expiration dates or other termination clauses and may require payment of a fee. Since many of the commitments are expected to expire without being drawn upon, the total commitment amounts do not necessarily represent future cash requirements.
Letters of credit are conditional commitments issued by banks to guarantee the performance of a customer to a third party. Those guarantees are primarily issued to support public and private borrowing arrangements, including normal business activities, bond financing and similar transactions. Letters of credit are considered guarantees. The liability associated with letters of credit was $0.3 million and $0.4 million as of September 30, 2026 and December 31, 2025, respectively.
Contingent obligations to purchase loans funded by other entities include credit card guarantees, loans sold with recourse as well as obligations to the FHLB. Credit card guarantees are credit card balances not owned by Wesbanco, whereby the Bank guarantees the performance of the cardholder.
The following table presents total commitments to extend credit, guarantees and various letters of credit outstanding:
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