Financial Analysis

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. Wesbancos 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. The allowance for credit losses associated with commitments was $ 7.7 million and $ 7.0 million at June 30, 2026 and December 31, 2025, respectively, and is included in other liabilities on the Consolidated Balance Sheet. 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 transa …

CommitmentsAndContingenciesDisclosureTextBlock · excerpt; the full note is in the filing

"Recent accounting pronouncements The Financial Accounting Standards Board (FASB) issued Accounting Standards Updates (ASU) as noted below. ASU 2025-12 Codification Improvements In December 2025, the FASB issued ASU2025-12, Codification Improvements. This Update is part of the Boards ongoing effort to address technical corrections, clarifications, and minor improvements across the FASB Accounting Standards Codification. These improvements refine the application of existing guidance, resolve inconsistencies, and improve the usability of the Codification without introducing significant changes to accounting practice or requiring substantial implementation effort. The amendments are not expected to significantly affect current practice. However, updates will be reviewed for any potential effects on accounting policies or disclosure processes. The amendments in this Update are effective for all entities for annual periods beginning after December15,2026, including interim periods within those annual periods. Early adoption is permitted. The adoption of this pronouncement is not expected to have a material impact on the Consolidated Financial Statements. ASU 2025-11 Interim Reporting (Topic270): Narrow-Scope Improvements In December 2025, the FASB issued ASU2025-11, Interim Reporting (Topic270): Narrow-Scope Improvements. The amendments are intended to improve the navigability and clarity of interim reporting requirements under Topic270. The Update clarifies when Topic270 applies, …

NewAccountingPronouncementsPolicyPolicyTextBlock · excerpt; the full note is in the filing

"NOTE 7. BENEFIT PLANS The following table presents the net periodic pension income for Wesbancos 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 ) The service cost of $ 0.5 million for each of the six months ended June 30, 2026 and 2025 is included in salaries and wages, and periodic pension income of $ 2.2 million and $ 1.8 million for the six months ended June 30, 2026 and 2025, respectively, is included in employee benefits. The Plan covers all employees of Wesbanco and its subsidiaries who were hired on or before August 1, 2007 who satisfy minimum age and length of service requirements, and is not available to employees hired after such date. A minimum required contribution of $ 2.9 million is due in 2026 , which can be offset in whole or in part by the Plan's $ 67.4 million available credit balance. Wesbanco currently does no t expect to make a voluntary contribution to the Plan in 2026. On June 22, 2026, Wesbanco adopted an amendment to the Plan to …

PensionAndOtherPostretirementBenefitsDisclosureTextBlock · excerpt; the full note is in the filing

"NOTE 12. BUSINESS SEGMENTS Wesbanco operates two reportable segments: community banking and trust and investment services. Wesbancos community banking segment offers a wide range of banking products and services through various delivery channels and business units, including commercial demand, individual demand and time deposit accounts; commercial, mortgage and individual installment loans, and certain non-traditional offerings, such as insurance and securities brokerage services. For purposes of determining the community banking reportable segment, these lines of business are aggregated, in accordance with the review of the Chief Operating Decision Maker (""CODM""). The trust and investment services segment offers trust services as well as various alternative investment products, including mutual funds, and also serves as investment adviser to a family of mutual funds called the WesMark Funds. The fund family is comprised of the WesMark Large Company Fund, the WesMark Balanced Fund, the WesMark Small Company Fund, the WesMark Government Bond Fund, the WesMark West Virginia Municipal Bond Fund, and the WesMark Tactical Opportunity Fund. Corporate support functions, which are generally all attributable to the parent company, do not represent a reportable segment and are presented within Corporate Other for purposes of reconciling to the Consolidated Financial Statements. All of Wesbancos revenue is derived from domestic operations, and Wesbanco has no major customers providi …

SegmentReportingDisclosureTextBlock · excerpt; the full note is in the filing

"NOTE 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of presentation The accompanying unaudited interim financial statements of Wesbanco, Inc. and its consolidated subsidiaries (Wesbanco or the ""Company"") have been prepared in accordance with U.S. generally accepted accounting principles (GAAP) for interim financial information and the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements and should be read in conjunction with our Annual Report on Form 10-K for the year ended December 31, 2025. Wesbancos interim financial statements have been prepared following the significant accounting policies disclosed in Note 1 of the Notes to the Consolidated Financial Statements of its 2025 Annual Report on Form 10-K filed with the Securities and Exchange Commission (""SEC""), as well as with the policy changes indicated below. In the opinion of management, the accompanying interim financial information reflects all adjustments, including normal recurring adjustments, necessary to present fairly Wesbancos financial position and results of operations for each of the interim periods presented. Results of operations for interim periods are not necessarily indicative of the results of operations that may be expected for a full year. Recent accounting pronouncements The Financial Accounting Standards Board (FASB) issued Accounting Standards Updates (ASU) as n …

SignificantAccountingPoliciesTextBlock · excerpt; the full note is in the filing