Mergers and Acquisitions (Tables)

12 Months Ended

Dec. 31, 2019

Old Line [Member]

Summary of Purchase Price of Acquisition and Resulting Goodwill

The preliminary purchase price of the OLBK acquisition and resulting goodwill is summarized as follows:

(in thousands)	November 22, 2019
Purchase Price:
Fair value of Wesbanco shares issued	$	493,936
Cash consideration for outstanding OLBK shares		16
Total purchase price	$	493,952
Fair value of:
Tangible assets acquired	$	2,919,459
Core deposit and other intangible assets acquired		33,591
Liabilities assumed		(2,722,913	)
Net cash received in the acquisition		60,041
Fair value of net assets acquired		290,178
Goodwill recognized	$	203,774

Allocation of Purchase Price of Assets Acquired and Liabilities Assumed

The following table presents the preliminary allocation of the purchase price of the assets acquired and the liabilities assumed at the date of acquisition, as Wesbanco intends to finalize its accounting for the acquisition of OLBK within one year of the date of acquisition:

(in thousands)	November 22, 2019
Assets acquired
Cash and due from banks	$	60,041
Securities		182,520
Loans		2,545,593
Goodwill and other intangible assets		237,365
Accrued income and other assets		191,346
Total assets acquired	$	3,216,865
Liabilities assumed
Deposits	$	2,375,574
Borrowings		287,330
Accrued expenses and other liabilities		60,009
Total liabilities assumed	$	2,722,913
Net assets acquired	$	493,952

Farmers Capital Bank Corporation [Member]

Summary of Purchase Price of Acquisition and Resulting Goodwill

The final purchase price of the FFKT acquisition and resulting goodwill is summarized as follows:

(in thousands)	August 20, 2018
Purchase Price:
Fair value of Wesbanco shares issued	$	391,267
Cash consideration for outstanding FFKT shares		37,634
Total purchase price	$	428,901
Fair value of:
Tangible assets acquired	$	1,370,245
Core deposit and other intangible assets acquired		39,992
Liabilities assumed		(1,434,779	)
Net cash received in the acquisition		230,139
Fair value of net assets acquired		205,597
Goodwill recognized	$	223,304

Allocation of Purchase Price of Assets Acquired and Liabilities Assumed

The following table presents the allocation of the purchase price of the assets acquired and the liabilities assumed at the date of acquisition:

(in thousands)	August 20, 2018
Assets acquired
Cash and due from banks	$	230,139
Securities		239,321
Loans		1,025,800
Goodwill and other intangible assets		263,296
Accrued income and other assets		105,124
Total assets acquired	$	1,863,680
Liabilities assumed
Deposits	$	1,330,328
Borrowings		71,780
Accrued expenses and other liabilities		32,671
Total liabilities assumed	$	1,434,779
Net assets acquired	$	428,901

Farmers Capital Bank Corporation [Member] | Purchase Price Allocation Adjustment [Member]

Allocation of Purchase Price of Assets Acquired and Liabilities Assumed

The following table presents the changes in the allocation of the purchase price of the assets acquired and the liabilities assumed at the date of the acquisition previously reported as of December 31, 2018:

(in thousands)	August 20, 2018
Goodwill recognized as of December 31, 2018	$	220,240
Change in fair value of net assets acquired:
Assets
Loans		24
Other intangible assets
Accrued income and other assets		1,907
Liabilities
Accrued expenses and other liabilities		(4,995	)
Fair value of net assets acquired	$	(3,064	)
Increase in goodwill recognized		3,064
Goodwill recognized as of December 31, 2019	$	223,304

First Sentry Bancshares, Inc. [Member]

Summary of Purchase Price of Acquisition and Resulting Goodwill

The final purchase price of the FTSB acquisition and resulting goodwill is summarized as follows:

(in thousands)	April 5, 2018
Purchase Price:
Fair value of Wesbanco shares issued	$	107,347
Cash consideration for outstanding FTSB shares		975
Total purchase price	$	108,322
Fair value of:
Tangible assets acquired	$	609,593
Core deposit and other intangible assets acquired		8,078
Liabilities assumed		(664,172	)
Net cash received in the acquisition		87,124
Fair value of net assets acquired		40,623
Goodwill recognized	$	67,699

Allocation of Purchase Price of Assets Acquired and Liabilities Assumed

The following table presents the allocation of the purchase price of the assets acquired and the liabilities assumed at the date of acquisition.

(in thousands)	April 5, 2018
Assets acquired
Cash and due from banks	$	87,124
Securities		142,903
Loans		447,279
Goodwill and other intangible assets		75,777
Accrued income and other assets		19,411
Total assets acquired	$	772,494
Liabilities assumed
Deposits	$	590,065
Borrowings		70,710
Accrued expenses and other liabilities		3,397
Total liabilities assumed	$	664,172
Net assets acquired	$	108,322