Company: WSBC
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0000950170-25-030795
Chunk: 188

Company: WESBANCO INC
Filing Date: 2025-03-03
Form: 10-K
Item: Item 7
Chunk 188
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    24,068

    36,283

    (21
    )

    33,075

    33,054

    Savings deposits

    (2,239
    )

    9,436

    7,197

    (58
    )

    19,812

    19,754

    Certificates of deposit

    11,009

    23,755

    34,764

    (360
    )

    14,743

    14,383

    Federal Home Loan Bank borrowings

    1,378

    1,793

    3,171

    44,771

    10,579

    55,350

    Other short-term borrowings

    229

    1,179

    1,408

    (143
    )

    2,120

    1,977

    Subordinated debt and junior subordinated debt

    (151
    )

    (251
    )

    (402
    )

    1,612

    4,020

    5,632

    Total interest expense change

    31,217

    86,038

    117,255

    45,536

    145,299

    190,835

    Net interest income (decrease) increase (2)
     
    $
    24,100

    $
    (27,427
    )
     
    $
    (3,327
    )
     
    $
    (5,936
    )
     
    $
    12,964

    $
    7,028

(1)Changes to rate/volume are allocated to both rate and volume on a proportionate dollar basis.

(2)The yield on earning assets and the net interest margin are presented on a fully taxable-equivalent (FTE) and annualized basis. The FTE basis adjusts for the tax benefit of income on certain tax-exempt loans and investments using the federal statutory tax rate of 21% for all periods presented. Wesbanco believes this measure to be the preferred industry measurement of net interest income and provides relevant comparison between taxable and non-taxable amounts.

PROVISION FOR CREDIT LOSSES - LOANS

The provision for credit losses – loans is the amount to be added to the allowance for credit losses – loans after net charge-offs