Company: WSBC
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0000950170-25-030795
Chunk: 187

Company: WESBANCO INC
Filing Date: 2025-03-03
Form: 10-K
Item: Item 7
Chunk 187
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 been calculated based on amortized cost.

(3)Taxable equivalent basis is calculated on tax-exempt securities using a rate of 21% for all periods presented.

(4)Accretion on interest bearing liabilities acquired from prior acquisitions was $0.2 million, $0.5 million and $1.1 million for the years ended December 31, 2024, 2023 and 2022, respectively.

37

TABLE 3. RATE/VOLUME ANALYSIS OF CHANGES IN INTEREST INCOME AND INTEREST EXPENSE (1)

    2024 Compared to 2023

    2023 Compared to 2022

    (in thousands)
     
    Volume

    Rate

    Net Increase(Decrease)

    Volume

    Rate

    Net Increase(Decrease)

    Increase (decrease) in interest income:

    Due from banks—interest bearing
     
    $
    3,383

    $
    148

    $
    3,531

    $
    (3,458
    )
     
    $
    16,621

    $
    13,163

    Loans, net of unearned income

    58,992

    53,958

    112,950

    47,259

    127,192

    174,451

    Taxable securities

    (6,137
    )

    3,247

    (2,890
    )

    (6,312
    )

    13,638

    7,326

    Tax-exempt securities (2)

    (1,082
    )

    144

    (938
    )

    (178
    )

    193

    15

    Other earning assets

    161

    1,114

    1,275

    2,289

    619

    2,908

    Total interest income change (2)

    55,317

    58,611

    113,928

    39,600

    158,263

    197,863

    Increase (decrease) in interest expense:

    Interest bearing demand deposits

    8,776

    26,058

    34,834

    (265
    )

    60,950

    60,685

    Money market

    12,215