Company: WSBC
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0000950170-25-030795
Chunk: 192

Company: WESBANCO INC
Filing Date: 2025-03-03
Form: 10-K
Item: Item 7
Chunk 192
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 on mortgage loan commitments and related derivatives for 2024 and 2023, respectively. 

Net gains on other real estate owned and other assets decreased $1.4 million in 2024 as compared to 2023, due primarily to a $1.1 million gain recognized in 2023, from an asset previously written off in a prior year.

Other income increased $2.2 million or 33.6% in 2024 compared to 2023, due specifically to a $2.3 million gain from the transfer of certain liabilities for future pension payments to a third-party insurance company.  Please refer to Footnote 13, “Employee Benefit Plans” for additional information.

39

TABLE 5. NON-INTEREST EXPENSE

    For the years ended December 31,

    (dollars in thousands)
     
    2024

    2023

    $ Change

    % Change

    Salaries and wages
     
    $
    177,516

    $
    176,938

    $
    578

    0.3

    Employee benefits

    46,141

    46,901

    (760
    )

    (1.6
    )

    Net occupancy

    25,157

    25,338

    (181
    )

    (0.7
    )

    Equipment and software

    41,303

    36,666

    4,637

    12.6

    Marketing

    9,764

    11,178

    (1,414
    )

    (12.6
    )

    FDIC insurance

    14,215

    12,249

    1,966

    16.1

    Amortization of intangible assets

    8,251

    9,088

    (837
    )

    (9.2
    )

    Restructuring and merger-related expenses

    6,400

    3,830

    2,570

    67.1

    Professional fees

    19,020

    15,734

    3,286

    20.9

    Franchise and other miscellaneous taxes

    12,986

    11,686

    1,300

    11.1

    ATM and electronic banking interchange expenses