The following table presents the net periodic pension income for Wesbanco’s Defined Benefit Pension Plan (the “Plan”) and the related components:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
For the Three Months
Ended June 30, |
|
|
For the Six Months
Ended June 30, |
|
(unaudited, in thousands) |
|
2026 |
|
|
2025 |
|
|
2026 |
|
|
2025 |
|
Service cost – benefits earned during year |
|
$ |
230 |
|
|
$ |
267 |
|
|
$ |
458 |
|
|
$ |
531 |
|
Interest cost on projected benefit obligation |
|
|
750 |
|
|
|
766 |
|
|
|
1,491 |
|
|
|
1,524 |
|
Expected return on plan assets |
|
|
(1,682 |
) |
|
|
(1,603 |
) |
|
|
(3,345 |
) |
|
|
(3,188 |
) |
Amortization of prior service cost |
|
|
(8 |
) |
|
|
(8 |
) |
|
|
(17 |
) |
|
|
(17 |
) |
Amortization of net (gain) loss |
|
|
(163 |
) |
|
|
(48 |
) |
|
|
(324 |
) |
|
|
(96 |
) |
Net periodic pension income |
|
$ |
(873 |
) |
|
$ |
(626 |
) |
|
$ |
(1,737 |
) |
|
$ |
(1,246 |
) |
|