Company: WSBC
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0000950170-25-030795
Chunk: 64

Company: WESBANCO INC
Filing Date: 2025-03-03
Form: 10-K
Item: Item 8
Chunk 64
---
3 and 2022, 24,000 and 53,280 shares, respectively, were estimated to be awarded under the active total shareholder return plans as stock performance targets had been met and were included in the diluted calculation.  In addition, performance-based restricted stock compensation totaling 17,550, 68,833 and 53,230 shares were estimated to be awarded as of December 31, 2024, 2023 and 2022, respectively, and were included in the calculation.As previously disclosed in Form 8-K filed with the SEC on July 26, 2024, in conjunction with the announcement of the agreement and Plan of Merger with Premier, on August 1, 2024, Wesbanco issued 7,272,728 shares of common stock to complete a $200 million common equity capital raise.  This equity issuance was primarily to support the pro-forma bank's balance sheet and regulatory capital ratios.  These shares are included in average shares outstanding beginning on that date.  For additional information relating to the Premier acquisition, refer to Note 2, "Mergers and Acquisitions."

86

NOTE 4. SECURITIESThe following table presents the fair value and amortized cost of available-for-sale and held-to-maturity debt securities: 

        December 31, 2024

        December 31, 2023

        (in thousands)
        AmortizedCost
         
        GrossUnrealizedGains
         
        GrossUnrealizedLosses
         
        EstimatedFair Value

        AmortizedCost
         
        GrossUnrealizedGains
         
        GrossUnrealizedLosses
         
        EstimatedFair Value

        Available-for-sale debt securities

        U.S. Treasury
        $
        146,113
         
        $
        63
         
        $
        (63
        )
        $
        146,113

        $
        —
         
        $
        —
         
        $
        —
         
        $
        —

        U.S. Government sponsored entities and   agencies
         
        224,944

        —

        (30,702
        )
         
        194,242

        238,676

        —

        (30,310
        )
         
        208,366

        Residential mortgage-backed securities   and collateralized mortgage obligations   of government sponsored entities and