The following table presents the net periodic pension income for Wesbanco’s Defined Benefit Pension Plan ("the Plan”) and the related components: Table 23: Net Periodic Pension Income
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For the Three Months
Ended September 30, |
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For the Nine Months
Ended September 30, |
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(unaudited, in thousands) |
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2026 |
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2025 |
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2026 |
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2025 |
|
Service cost – benefits earned during year |
|
$ |
209 |
|
|
$ |
269 |
|
|
$ |
667 |
|
|
$ |
800 |
|
Interest cost on projected benefit obligation |
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|
716 |
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|
775 |
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|
2,207 |
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|
2,299 |
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Expected return on plan assets |
|
|
(1,730 |
) |
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|
(1,620 |
) |
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|
(5,075 |
) |
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|
(4,808 |
) |
Amortization of prior service cost |
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|
1 |
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(9 |
) |
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(16 |
) |
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(26 |
) |
Amortization of net (gain) loss |
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(165 |
) |
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(48 |
) |
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(489 |
) |
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(144 |
) |
Net periodic pension income |
|
$ |
(969 |
) |
|
$ |
(633 |
) |
|
$ |
(2,706 |
) |
|
$ |
(1,879 |
) |
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