Derivatives and Hedging Activities (Tables)

12 Months Ended

Dec. 31, 2023

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Summary of Fair Values of Derivative Instruments on Balance Sheets

The table below presents the fair value of Wesbanco’s derivative financial instruments as well as their classification on the Balance Sheet as of December 31, 2023 and 2022:

	December 31, 2023						December 31, 2022
(in thousands)	Notional or Contractual Amount		Asset Derivatives		Liability Derivatives		Notional or Contractual Amount		Asset Derivatives		Liability Derivatives
Derivatives
Loan Swaps:
Interest rate swaps and caps	$	1,573,152	$	72,183	$	73,083	$	936,834	$	75,840	$	74,683
Other contracts:
Interest rate lock commitments		16,524		84		—		10,071		—		43
Forward TBA contracts		27,000		—		205		14,500		53		—
Total derivatives			$	72,267	$	73,288			$	75,893	$	74,726

Summary of Effect of Derivative Instruments on Income Statement

The table below presents the change in the fair value of the Company’s derivative financial instruments reflected within the other non-interest income line item of the consolidated income statement for the years ended December 31, 2023, 2022 and 2021, respectively.

		For the Years Ended December 31,
(in thousands)	Location of Gain/(Loss)	2023			2022			2021
Interest rate swaps and caps	Net swap fee and valuation income	$	(2,056	)	$	2,679		$	1,977
Interest rate lock commitments	Mortgage banking income		127			(52	)		(693	)
Forward TBA contracts	Mortgage banking income		530			3,211			2,796
Total		$	(1,399	)	$	5,838		$	4,080