Company: WSBC
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0000950170-25-030795
Chunk: 161

Company: WESBANCO INC
Filing Date: 2025-03-03
Form: 10-K
Item: Item 7A
Chunk 161
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 table presents these results and Wesbanco’s policy limits as of December 31, 2024 and December 31, 2023. Changes in EVE sensitivity since year-end 2023 relate to the change in balance sheet composition and market interest rates and their impact upon the fair values of earning assets and costing liabilities:

    Immediate Change in Interest
     
    Percentage Change inEconomic Value of Equity from Base over One Year
     
    ALCO

    Rates (basis points)
     
    December 31, 2024
     
    December 31, 2023
     
    Guidelines

    +200
     
    1.7%
     
    0.3%
     
    (20.0%)

    +100
     
    0.5%
     
    2.6%
     
    (10.0%)

    -100
     
    (0.5%)
     
    (2.8%)
     
    (10.0%)

    -200
     
    (2.9%)
     
    (8.0%)
     
    (20.0%)

    -300
     
    (8.2%)
     
    (16.5%)
     
    (30.0%)

    -400
     
    (16.2%)
     
    (28.0%)
     
    (40.0%)

The Bank has significant additional borrowing capacity with the FHLB of Pittsburgh, the Federal Reserve Bank of Cleveland and various correspondent banks, and may utilize these funding sources or interest rate swap strategies as necessary to lengthen liabilities, offset mismatches in various asset maturities and manage liquidity.  CDARS® and ICS® deposits also may be utilized for similar purposes for certain customers seeking higher-yielding instruments or maintaining deposit levels below FDIC insurance limits. Significant balance sheet strategies to assist in managing the net interest margin in the current interest rate environment include:

•increasing total loans, particularly commercial and home equity loans that have variable or adjustable features;

•adjusting the percentage of sales of longer-term residential mortgage loan production into the secondary market;

•managing rates on interest bearing deposits and growing demand deposit account types to increase the relative portion of these account types to total deposits; 

•employing back-to-back loan swaps for certain commercial loan customers desiring a term fixed rate loan equivalent, with the Bank receiving a variable rate;

•adjust