Company: WSBC
Filing Date: 2025-06-20
Form Type: 11-K
Source: 0000950170-25-088457
Chunk: 10

Company: WESBANCO INC
Filing Date: 2025-06-20
Form: 11-K
Chunk 10
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 2024  |                    |     33,516 |   |
| Less: Amounts allocated to withdrawing participants at December 31, 2023 |                    |          - |   |
| Benefits paid to participants per the Form 5500                          | $                  | 25,412,711 |   |
|                                                                          | For the year ended |            |   |
|                                                                          | December 31, 2023  |            |   |
| Benefits paid to participants per the financial statements               | $                  | 24,393,494 |   |
| Add: Amounts allocated to withdrawing participants at December 31, 2023  |                    |          - |   |
| Less: Amounts allocated to withdrawing participants at December 31, 2022 |                    |   (163,028 | ) |
| Benefits paid to participants per the Form 5500                          | $                  | 24,230,466 |   |

Amounts allocated to withdrawing participants are recorded on the Form 5500 for benefit claims that have been processed and approved for payment prior to year-end, but not yet paid as of that date.

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Wesbanco, Inc. 401(k) Plan

formerly known as Wesbanco, Inc. KSOP

Notes to the Financial Statements

December 31, 2024 and 2023</div>

Note 7 – Risks and Uncertainties

The Plan invests in various investment securities. Investment securities are exposed to various risks such as interest rate, market, and credit risks. Due to the level of risk associated with certain investment securities, it is reasonably possible that changes in the value of investment securities will occur in the near term and that such changes could materially affect participants’ account balances and the amounts reported in the statements of net assets available for benefits.

Note 8 - Subsequent Events

On February 28, 2025, Wesbanco completed its previously announced merger with Premier Financial Corp., pursuant to an Agreement and Plan of Merger dated July 25, 2024. The Premier Financial Corp. 401(k) Employee Savings Plan was terminated, and participants were given the opportunity to rollover account balances into the Wesbanco 401(k) Plan.

Wesbanco has evaluated subsequent events through June 20, 2025, the date on which these financial statements were issued and have identified no other events or transactions that would have a material effect on the financial statements.

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