Wesbanco is a limited partner in several tax-advantaged limited partnerships whose purpose is to invest in approved low-income housing investment tax credit projects. These investments are accounted for using the proportional amortization method of accounting and are included in other assets in the Consolidated Balance Sheet. The limited partnerships are considered to be VIEs as they generally do not have equity investors with voting rights or have equity investors that do not provide sufficient financial resources to support their activities. The VIEs have not been consolidated because Wesbanco is not considered the primary beneficiary. All of Wesbanco’s investments in limited partnerships are privately held, and their market values are not readily available. As of June 30, 2026 and December 31, 2025, Wesbanco had $83.6 million and $83.7 million, respectively, invested in these partnerships. Wesbanco also recognizes the unconditional unfunded equity commitments of $31.4 million and $37.5 million at June 30, 2026 and December 31, 2025, respectively, within other liabilities on the Consolidated Balance Sheet. Wesbanco classifies the amortization of the investment as a component of income tax expense (benefit) and proportionally amortizes the investment over the tax credit period. The amortization for the three months ended June 30, 2026 and 2025 was $3.1 million and $3.0 million, respectively. The amortization for the six months ended June 30, 2026 and 2025 was $6.1 million and $4.9 million, respectively. Tax benefits attributed to these partnerships include low-income housing tax credits, which are projected to total $11.6 million for 2026, and totaled $9.9 million for 2025, which are included in income tax expense.

Wesbanco is also a limited partner in three other limited partnerships as of June 30, 2026. These provide seed money and capital to startup companies, and financing to low-income housing projects. As of June 30, 2026 and December 31, 2025, Wesbanco had $4.2 million and $4.0 million, respectively, invested in these partnerships, which are recorded in other assets using the equity method.

The following table presents the scheduled equity commitments to be paid to the limited partnerships over the next five years and in the aggregate thereafter as of June 30, 2026:


Year (unaudited, in thousands)	Amount
2026	$	4,735
2027		10,402
2028		9,265
2029		2,018
2030		1,642
2031 and thereafter		3,385
Total	$	31,447