Fair Value Measurement (Tables)

6 Months Ended

Jun. 30, 2026

Fair Value Disclosures [Abstract]

Schedule of Fair Value of Assets and Liabilities Measured on Recurring and Nonrecurring Basis

The fair value amounts presented in the tables below are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the statement of financial position. The following tables set forth Wesbanco’s financial assets and liabilities that were accounted for at fair value on a recurring and nonrecurring basis by level within the fair value hierarchy as of June 30, 2026 and December 31, 2025:


						June 30, 2026
						Fair Value Measurements Using:
		June 30,				Quoted Prices in Active Markets for Identical Assets				Significant Other Observable Inputs				Significant Unobservable Inputs
(unaudited, in thousands)		2026				(level 1)				(level 2)				(level 3)
Recurring fair value measurements
Equity securities		$	19,060			$	19,060			$	—			$	—
Available-for-sale debt securities
U.S. Treasury			195,957				195,957				—				—
U.S. Government sponsored entities and agencies			211,065				—				211,065				—
Residential mortgage-backed securities and collateralized mortgage obligations of government sponsored entities and agencies			2,667,319				—				2,667,319				—
Commercial mortgage-backed securities and collateralized mortgage obligations of government sponsored entities and agencies			54,600				—				54,600				—
Asset backed securities			64,994				—				64,994				—
Obligations of states and political subdivisions			77,432				—				75,214				2,218
Corporate debt securities			41,605				—				41,605				—
Total available-for-sale debt securities		$	3,312,972			$	195,957			$	3,114,797			$	2,218
Loans held for sale			57,318				—				57,318				—
Other assets - interest rate swaps			54,650				—				54,650				—
Total assets recurring fair value measurements		$	3,444,000			$	215,017			$	3,226,765			$	2,218
Other liabilities - interest rate swaps		$	55,492			$	—			$	55,492			$	—
Total liabilities recurring fair value measurements		$	55,492			$	—			$	55,492			$	—
Nonrecurring fair value measurements
Collateral dependent loans		$	26,513			$	—			$	—			$	26,513
Other real estate owned and repossessed assets			1,391				—				—				1,391
Total nonrecurring fair value measurements		$	27,904			$	—			$	—			$	27,904


						December 31, 2025
						Fair Value Measurements Using:
		December 31,				Quoted Prices in Active Markets for Identical Assets				Significant Other Observable Inputs				Significant Unobservable Inputs
(in thousands)		2025				(level 1)				(level 2)				(level 3)
Recurring fair value measurements
Equity securities		$	30,809			$	30,809			$	—			$	—
Available-for-sale debt securities:
U.S. Treasury			196,857				196,857				—				—
U.S. Government sponsored entities and agencies			222,997				—				222,997				—
Residential mortgage-backed securities and collateralized mortgage obligations of government sponsored entities and agencies			2,610,448				—				2,610,448				—
Commercial mortgage-backed securities and collateralized mortgage obligations of government sponsored entities and agencies			63,615				—				63,615				—
Asset backed securities			68,935								68,935
Obligations of state and political subdivisions			73,188				—				70,903				2,285
Corporate debt securities			52,292				—				52,292				—
Total available-for-sale debt securities		$	3,288,332			$	196,857			$	3,089,190			$	2,285
Loans held for sale			87,454				—				87,454				—
Other assets—interest rate derivatives agreements			63,144				—				63,144				—
Total assets recurring fair value measurements		$	3,469,739			$	227,666			$	3,239,788			$	2,285
Other liabilities—interest rate derivatives agreements		$	64,181			$	—			$	64,181			$	—
Total liabilities recurring fair value measurements		$	64,181			$	—			$	64,181			$	—
Nonrecurring fair value measurements
Collateral dependent loans		$	20,400			$	—			$	—			$	20,400
Other real estate owned and repossessed assets			907				—				—				907
Total nonrecurring fair value measurements		$	21,307			$	—			$	—			$	21,307

Schedule of Assets Measured at Fair Value on Nonrecurring Basis

The following table presents additional quantitative information about assets measured at fair value on a nonrecurring basis and for which Wesbanco has utilized level 3 inputs to determine fair value:


		Quantitative Information about Level 3 Fair Value Measurements
		Fair Value				Valuation		Unobservable		Range (Weighted
(unaudited, in thousands)		Estimate				Techniques		Input		Average)
June 30, 2026
Collateral dependent loans		$	26,513			Appraisal of collateral (1)		Appraisal adjustments (2)		(0.0%)-(24.3%)/(3.2%)
								Liquidation expenses (2)		(7.8%)-(10.5%)/(10.2%)
Other real estate owned and repossessed assets		$	1,391			Appraisal of collateral (1), (3)
December 31, 2025
Collateral dependent loans		$	20,400			Appraisal of collateral (1)		Appraisal adjustments (2)		0.0%-(20.8%)/(7.3%)
								Liquidation expenses (2)		(8.2%)-(10.5%)/(9.7%)
Other real estate owned and repossessed assets		$	907			Appraisal of collateral (1), (3)

(1)

Fair value is generally determined through independent appraisals of the underlying collateral, which generally include various level 3 inputs that are not identifiable.

(2) Appraisals may be adjusted by management for qualitative factors such as economic conditions and estimated liquidation expenses. The range and weighted average of appraisal adjustments and liquidation expense are presented as a percent of the appraisal.

(3) Includes estimated liquidation expenses and numerous dissimilar qualitative adjustments by management, which are not identifiable.

Estimates Fair Values of Financial Instruments

The estimated fair values of Wesbanco’s financial instruments are summarized below:


										Fair Value Measurements at
										June 30, 2026
		Carrying				Fair Value				Quoted Prices in Active Markets for Identical Assets				Significant Other Observable Inputs				Significant Unobservable Inputs
(unaudited, in thousands)		Amount				Estimate				(level 1)				(level 2)				(level 3)
Financial Assets
Cash and due from banks		$	871,774			$	871,774			$	871,774			$	—			$	—
Equity securities			19,060				19,060				19,060				—				—
Available-for-sale debt securities			3,312,972				3,312,972				195,957				3,114,797				2,218
Net held-to-maturity debt securities			1,107,586				1,005,725				—				1,005,622				103
Net loans			19,261,191				18,901,935				—				—				18,901,935
Loans held for sale			57,318				57,318				—				57,318				—
Other assets - interest rate derivatives			54,650				54,650				—				54,650				—
Accrued interest receivable			102,342				102,342				102,342				—				—

Financial Liabilities
Deposits			21,592,216				21,576,202				19,001,169				2,575,033				—
Federal Home Loan Bank borrowings			1,350,000				1,350,079				—				1,350,079				—
Other borrowings			88,419				82,023				82,023				—				—
Subordinated debt and junior subordinated debt			308,837				298,564				—				298,564				—
Other liabilities - interest rate derivatives			55,492				55,492				—				55,492				—
Accrued interest payable			17,567				17,567				17,567				—				—


										Fair Value Measurements at
										December 31, 2025
		Carrying				Fair Value				Quoted Prices in Active Markets for Identical Assets				Significant Other Observable Inputs				Significant Unobservable Inputs
(in thousands)		Amount				Estimate				(level 1)				(level 2)				(level 3)
Financial Assets
Cash and due from banks		$	956,109			$	956,109			$	956,109			$	—			$	—
Equity securities			30,809				30,809				30,809				—				—
Available-for-sale debt securities			3,288,332				3,288,332				196,857				3,089,190				2,285
Net held-to-maturity debt securities			1,131,946				1,035,957				—				1,035,821				136
Net loans			19,007,683				18,563,341				—				—				18,563,341
Loans held for sale			87,454				87,454				—				87,454				—
Other assets—interest rate derivatives			63,144				63,144				—				63,144				—
Accrued interest receivable			106,651				106,651				106,651				—				—

Financial Liabilities
Deposits			21,668,840				21,657,121				18,793,468				2,863,653				—
Federal Home Loan Bank borrowings			1,200,000				1,200,761				—				1,200,761				—
Other borrowings			110,679				105,240				105,240				—				—
Subordinated debt and junior subordinated debt			308,529				298,974				—				298,974				—
Other liabilities—interest rate derivatives			64,181				64,181				—				64,181				—
Accrued interest payable			19,150				19,150				19,150				—				—