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Benefit Plans (Tables)
3 Months Ended
Mar. 31, 2024
Retirement Benefits [Abstract]  
Schedule of Defined Benefit Pension Plan

The following table presents the net periodic pension income for Wesbanco’s Defined Benefit Pension Plan (the “Plan”) and the related components:

 

 

 

For the Three Months
Ended March 31,

 

(unaudited, in thousands)

 

2024

 

 

2023

 

Service cost – benefits earned during year

 

$

330

 

 

$

350

 

Interest cost on projected benefit obligation

 

 

1,603

 

 

 

1,554

 

Expected return on plan assets

 

 

(2,599

)

 

 

(2,750

)

Amortization of prior service cost

 

 

(9

)

 

 

(9

)

Amortization of net loss

 

 

21

 

 

 

223

 

Net periodic pension income

 

$

(654

)

 

$

(632

)