Company: WSBC
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0000950170-25-030795
Chunk: 197

Company: WESBANCO INC
Filing Date: 2025-03-03
Form: 10-K
Item: Item 7
Chunk 197
---
 held-to-maturity debt securities (2)
     
    $
    1,152,906

    $
    1,199,527

    $
    (46,621
    )

    (3.9
    )

    Total securities
     
    $
    3,412,405

    $
    3,406,176

    $
    6,229

    0.2

    Available-for-sale and equity securities:

    Weighted average yield at the respective year-end (3)

    2.54
    %

    2.31
    %

    As a % of total securities

    66.2
    %

    64.8
    %

    Weighted average life (in years)

    6.2

    6.8

    Held-to-maturity securities:

    Weighted average yield at the respective year-end (3)

    2.96
    %

    2.97
    %

    As a % of total securities

    33.8
    %

    35.2
    %

    Weighted average life (in years)

    8.4

    8.7

    Total securities:

    Weighted average yield at the respective year-end (3)

    2.67
    %

    2.52
    %

    As a % of total securities

    100.0
    %

    100.0
    %

    Weighted average life (in years)

    6.9

    7.4

(1)At December 31, 2024 and December 31, 2023, there were no holdings of any one issuer, other than U.S. government sponsored entities and its agencies, in an amount greater than 10% of Wesbanco’s shareholders’ equity.

(2)Total held-to-maturity debt securities are presented on the Consolidated Balance Sheets net of their allowance for credit losses totaling $0.1 million and $0.2 million at December 31, 2024 and December 31, 2023, respectively.

(3)Weighted average yields have been calculated on a taxable-equivalent basis using the federal statutory tax rate of 21%.  

Total investment securities, which are a source of liquidity for Wesbanco as well as a contributor to interest income, decreased by $6.2 million or 0.2% from December 31,