WESBANCO INC, 10-Q filed on 4/30/2026
Quarterly Report
v3.26.1
Document and Entity Information - shares
3 Months Ended
Mar. 31, 2026
Apr. 23, 2026
Document Information [Line Items]    
Document Type 10-Q  
Amendment Flag false  
Document Period End Date Mar. 31, 2026  
Document Fiscal Year Focus 2026  
Document Fiscal Period Focus Q1  
Entity Registrant Name WESBANCO, INC.  
Entity Central Index Key 0000203596  
Entity Current Reporting Status Yes  
Current Fiscal Year End Date --12-31  
Entity Filer Category Large Accelerated Filer  
Entity Small Business false  
Entity Emerging Growth Company false  
Entity Interactive Data Current Yes  
Entity Common Stock, Shares Outstanding   96,180,560
Entity Shell Company false  
Entity File Number 001-39442  
Entity Incorporation, State or Country Code WV  
Entity Tax Identification Number 55-0571723  
Entity Address, Address Line One 1 Bank Plaza  
Entity Address, City or Town Wheeling  
Entity Address, State or Province WV  
Entity Address, Postal Zip Code 26003  
City Area Code 304  
Local Phone Number 234-9000  
Document Quarterly Report true  
Document Transition Report false  
Common Stock [Member]    
Document Information [Line Items]    
Trading Symbol WSBC  
Title of 12(b) Security Common Stock $2.0833 Par Value  
Security Exchange Name NASDAQ  
Depositary Shares, Series B Non-Cumulative Perpetual Preferred Stock [Member]    
Document Information [Line Items]    
Trading Symbol WSBCO  
Title of 12(b) Security Depositary Shares (each representing 1/40th interest in a share of 7.375% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series B)  
Security Exchange Name NASDAQ  
v3.26.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
ASSETS    
Cash and due from banks, including interest bearing amounts of $745,957 and $751,249, respectively $ 960,410 $ 956,109
Securities:    
Equity securities, at fair value 30,256 30,809
Available-for-sale debt securities, at fair value 3,298,237 3,288,332
Held-to-maturity debt securities (fair values of $1,011,303 and $1,035,957, respectively) 1,120,597 1,132,114
Allowance for credit losses, held-to-maturity debt securities (151) (168)
Net held-to-maturity debt securities 1,120,446 1,131,946
Total securities 4,448,939 4,451,087
Loans held for sale 59,281 87,454
Portfolio loans, net of unearned income 19,082,681 19,226,432
Allowance for credit losses - loans (210,023) (218,749)
Net portfolio loans 18,872,658 19,007,683
Premises and equipment, net 251,325 263,240
Accrued interest receivable 105,288 106,651
Goodwill and other intangible assets, net 1,716,225 1,723,385
Bank-owned life insurance 560,773 557,512
Other assets 507,556 543,212
Total Assets 27,482,455 27,696,333
Deposits:    
Non-interest bearing demand 5,223,034 5,376,767
Interest bearing demand 5,505,382 5,186,880
Money market 4,904,510 5,072,039
Savings deposits 3,306,044 3,157,782
Certificates of deposit 2,729,304 2,875,372
Total deposits 21,668,274 21,668,840
Federal Home Loan Bank borrowings 975,000 1,200,000
Other short-term borrowings 114,068 110,679
Subordinated debt and junior subordinated debt 308,683 308,529
Total borrowings 1,397,751 1,619,208
Accrued interest payable 19,917 19,150
Other liabilities 325,905 357,222
Total Liabilities 23,411,847 23,664,420
SHAREHOLDERS' EQUITY    
Common stock, $2.0833 par value; 200,000,000 shares authorized; 96,134,158 and 96,067,559 shares issued; 96,134,158 and 96,067,559 shares outstanding at March 31, 2026 and December 31, 2025, respectively 200,276 200,137
Capital surplus 2,495,091 2,490,440
Retained earnings 1,300,628 1,252,765
Accumulated other comprehensive loss (147,195) (133,320)
Deferred benefits for directors (2,379) (2,296)
Total Shareholders' Equity 4,070,608 4,031,913
Total Liabilities and Shareholders' Equity 27,482,455 27,696,333
Series B Preferred Stock [Member]    
SHAREHOLDERS' EQUITY    
Preferred stock $ 224,187 $ 224,187
v3.26.1
Consolidated Balance Sheets (Parenthetical) - USD ($)
Mar. 31, 2026
Dec. 31, 2025
Interest bearing deposits, banks $ 745,957,000 $ 751,249,000
Held-to-maturity securities, fair values $ 1,011,303,000 $ 1,035,957,000
Common stock, par value $ 2.0833 $ 2.0833
Common stock, shares authorized 200,000,000 200,000,000
Common stock, shares issued 96,134,158 96,067,559
Common stock, shares outstanding 96,134,158 96,067,559
Series B Preferred Stock [Member]    
Preferred stock, no par value $ 0 $ 0
Preferred stock, shares authorized 1,000,000 1,000,000
Preferred stock, shares issued 230,000 230,000
Preferred stock, shares outstanding 230,000 230,000
Non-cumulative perpetual preferred stock, liquidation preference $ 230,000,000 $ 230,000,000
v3.26.1
Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
INTEREST AND DIVIDEND INCOME    
Loans, including fees $ 280,989 $ 218,409
Interest and dividends on securities:    
Taxable 31,443 22,247
Tax-exempt 4,824 4,529
Total interest and dividends on securities 36,267 26,776
Other interest income 8,368 8,047
Total interest and dividend income 325,624 253,232
INTEREST EXPENSE    
Interest bearing demand deposits 29,368 29,377
Money market deposits 32,151 21,134
Savings deposits 10,119 7,359
Certificates of deposit 22,591 18,558
Total interest expense on deposits 94,229 76,428
Federal Home Loan Bank borrowings 11,316 13,034
Other short-term borrowings 598 1,122
Subordinated debt and junior subordinated debt 4,080 4,129
Total interest expense 110,223 94,713
NET INTEREST INCOME 215,401 158,519
Provision for credit losses (897) 68,883
Net interest income after provision for credit losses 216,298 89,636
NON-INTEREST INCOME    
Trust fees 10,442 8,697
Service charges on deposits 10,961 8,587
Digital banking income 6,599 5,404
Net swap fee and valuation income 1,062 961
Net securities brokerage revenue 3,472 2,701
Bank-owned life insurance 3,811 3,428
Mortgage banking income 919 1,140
Net securities losses (13) (318)
Net gain (loss) on other real estate owned and other assets 546 (40)
Other income 4,032 4,105
Total non-interest income 41,831 34,665
NON-INTEREST EXPENSE    
Salaries and wages 63,964 48,577
Employee benefits 17,611 12,970
Net occupancy 8,529 7,778
Equipment and software 15,678 13,050
Marketing 1,526 2,382
FDIC insurance 4,784 4,187
Amortization of intangible assets 7,160 4,223
Restructuring and merger-related expense 3,713 20,010
Other operating expenses 23,740 20,789
Total non-interest expense 146,705 133,966
Income (loss) before provision for income taxes 111,424 (9,665)
Provision (benefit) for income taxes 22,789 (673)
Net income (loss) 88,635 (8,992)
Preferred stock dividends 4,240 2,531
Net income (loss) available to common shareholders $ 84,395 $ (11,523)
EARNINGS (LOSS) PER COMMON SHARE    
Basic $ 0.88 $ (0.15)
Diluted $ 0.88 $ (0.15)
AVERAGE COMMON SHARES OUTSTANDING    
Basic 96,103,497 76,830,460
Diluted 96,309,352 77,020,592
DIVIDENDS DECLARED PER COMMON SHARE $ 0.38 $ 0.37
v3.26.1
Consolidated Statements of Comprehensive Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Statement of Comprehensive Income [Abstract]    
Net income (loss) $ 88,635 $ (8,992)
Debt securities available-for-sale:    
Net change in unrealized (losses) gains on debt securities available-for-sale (17,385) 37,025
Related income tax effect 4,006 (8,889)
Net securities gains reclassified into earnings (37) (40)
Related income tax effect 11 12
Amortization of state tax rate adjustment reclassified to earnings (243) (58)
Net effect on other comprehensive (loss) income for the period (13,648) 28,050
Defined benefit plans:    
Amortization of net gain and prior service costs (295) (172)
Related income tax effect 68 44
Net effect on other comprehensive loss for the period (227) (128)
Total other comprehensive (loss) income (13,875) 27,922
Comprehensive income $ 74,760 $ 18,930
v3.26.1
Consolidated Statements of Changes in Shareholders' Equity - USD ($)
$ in Thousands
Total
Preferred Stock [Member]
Common Stock [Member]
Capital Surplus [Member]
Retained Earnings [Member]
Treasury Stock [Member]
Accumulated Other Comprehensive Loss [Member]
Deferred Benefits for Directors [Member]
Beginning Balance at Dec. 31, 2024 $ 2,790,281 $ 144,484 $ 156,985 $ 1,809,679 $ 1,192,091 $ (292,244) $ (218,632) $ (2,082)
Beginning Balance, shares at Dec. 31, 2024     66,919,805          
Net income (loss) (8,992)       (8,992)      
Other comprehensive income (loss) 27,922           27,922  
Comprehensive income 18,930              
Common dividends declared (35,172)       (35,172)      
Preferred dividends declared (2,531)       (2,531)      
Stock issued for Premier Financial Corp. ("PFC") acquisition 1,007,845   $ 42,326 673,826   291,693    
Stock issued for Premier Financial Corp. ("PFC") acquisition, shares     28,738,104          
Treasury shares acquired (96)     325   (421)    
Treasury shares acquired, shares     (11,962)          
Stock options exercised 648   $ 2 (326)   972    
Stock options exercised, shares     26,257          
Stock compensation expense 1,707     1,707        
Deferred benefits for directors- net (33)     12       (45)
Ending Balance at Mar. 31, 2025 3,781,579 144,484 $ 199,313 2,485,223 1,145,396   (190,710) (2,127)
Ending Balance, shares at Mar. 31, 2025     95,672,204          
Beginning Balance at Dec. 31, 2025 4,031,913 224,187 $ 200,137 2,490,440 1,252,765   (133,320) (2,296)
Beginning Balance, shares at Dec. 31, 2025     96,067,559          
Net income (loss) 88,635       88,635      
Other comprehensive income (loss) (13,875)           (13,875)  
Comprehensive income 74,760              
Common dividends declared (36,207)       (36,207)      
Preferred dividends declared (4,240)       (4,240)      
Stock issued for dividend reinvestment         (325) 325    
Stock issued for dividend reinvestment, shares     9,971          
Treasury shares acquired (52)     395   (447)    
Treasury shares acquired, shares     (13,774)          
Stock options exercised 1,381   $ 103 1,278        
Stock options exercised, shares     49,150          
Restricted stock granted     $ 36 (158)   $ 122    
Restricted stock granted, shares     21,252          
Stock compensation expense 3,124     3,124        
Deferred benefits for directors- net (71)     12       (83)
Ending Balance at Mar. 31, 2026 $ 4,070,608 $ 224,187 $ 200,276 $ 2,495,091 $ 1,300,628   $ (147,195) $ (2,379)
Ending Balance, shares at Mar. 31, 2026     96,134,158          
v3.26.1
Consolidated Statements of Changes in Shareholders' Equity (Parenthetical) - $ / shares
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Statement of Stockholders' Equity [Abstract]    
Common dividends declared, per share $ 0.38 $ 0.37
Preferred dividends declared, per share $ 18.436 $ 16.875
v3.26.1
Consolidated Condensed Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
OPERATING ACTIVITIES    
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES $ 106,579 $ (26,423)
INVESTING ACTIVITIES    
Net decrease (increase) in loans held for investment 170,837 (133,013)
Available-for-sale debt securities:    
Proceeds from sales 0 873,835
Proceeds from maturities, prepayments and calls 200,225 97,054
Purchases of securities (224,196) (685,753)
Held-to-maturity debt securities:    
Proceeds from maturities, prepayments and calls 11,229 11,051
Purchases of securities 0 (1,966)
Sales (purchases) of premises and equipment - net 1,828 (4,326)
Net cash received from PFC acquisition 0 200,357
Proceeds from bank owned life insurance 550 2,301
Net cash provided by investing activities 160,473 359,540
FINANCING ACTIVITIES    
(Decrease) increase in deposits (220) 287,157
Proceeds from Federal Home Loan Bank borrowings 875,000 900,000
Repayment of Federal Home Loan Bank borrowings (1,100,000) (925,000)
Increase (Decrease) in other short-term borrowings 3,389 (44,269)
Principal repayments of finance lease obligations (1,145) (921)
Dividends paid to common shareholders (36,864) (24,526)
Dividends paid to preferred shareholders (4,240) (2,532)
Issuance of common stock 1,381 25
Treasury shares purchased - net (52) 527
Net cash (used in) provided by financing activities (262,751) 190,461
Net increase in cash, cash equivalents and restricted cash 4,301 523,578
Cash, cash equivalents and restricted cash at beginning of the period 956,109 568,137
Cash, cash equivalents and restricted cash at end of the period 960,410 1,091,715
SUPPLEMENTAL DISCLOSURES    
Interest paid on deposits and other borrowings 109,648 84,573
Transfers of loans to other real estate owned 388 0
Transfer of loans held for sale to loans held for investment 26,799 0
Non-cash transactions related to the PFC acquisition $ 0 $ 1,007,845
v3.26.1
Pay vs Performance Disclosure - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Pay vs Performance Disclosure    
Net Income (Loss) $ 88,635 $ (8,992)
v3.26.1
Insider Trading Arrangements
3 Months Ended
Mar. 31, 2026
Trading Arrangements, by Individual  
Rule 10b5-1 Arrangement Adopted false
Non-Rule 10b5-1 Arrangement Adopted false
Rule 10b5-1 Arrangement Terminated false
Non-Rule 10b5-1 Arrangement Terminated false
Rule 10b5-1 Arrangement Modified false
Non-Rule 10b5-1 Arrangement Modified false
v3.26.1
Summary of Significant Accounting Policies
3 Months Ended
Mar. 31, 2026
Accounting Policies [Abstract]  
Summary of Significant Accounting Policies

NOTE 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of presentation — The accompanying unaudited interim financial statements of Wesbanco, Inc. and its consolidated subsidiaries (“Wesbanco” or the "Company") have been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) for interim financial information and the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements and should be read in conjunction with our Annual Report on Form 10-K for the year ended December 31, 2025.

Wesbanco’s interim financial statements have been prepared following the significant accounting policies disclosed in Note 1 of the Notes to the Consolidated Financial Statements of its 2025 Annual Report on Form 10-K filed with the Securities and Exchange Commission ("SEC"), as well as with the policy changes indicated below. In the opinion of management, the accompanying interim financial information reflects all adjustments, including normal recurring adjustments, necessary to present fairly Wesbanco’s financial position and results of operations for each of the interim periods presented. Results of operations for interim periods are not necessarily indicative of the results of operations that may be expected for a full year.

Recent accounting pronouncements—The Financial Accounting Standards Board (“FASB”) issued Accounting Standards Updates (“ASU”) as noted below.

ASU 2025‑12 — Codification Improvements

In December 2025, the FASB issued ASU 2025‑12, “Codification Improvements.” This Update is part of the Board’s ongoing effort to address technical corrections, clarifications, and minor improvements across the FASB Accounting Standards Codification. These improvements refine the application of existing guidance, resolve inconsistencies, and improve the usability of the Codification without introducing significant changes to accounting practice or requiring substantial implementation effort. The amendments are not expected to significantly affect current practice. However, updates will be reviewed for any potential effects on accounting policies or disclosure processes.

The amendments in this Update are effective for all entities for annual periods beginning after December 15, 2026, including interim periods within those annual periods. Early adoption is permitted. The adoption of this pronouncement is not expected to have a material impact on the Consolidated Financial Statements.

ASU 2025‑11 — Interim Reporting (Topic 270): Narrow‑Scope Improvements

In December 2025, the FASB issued ASU 2025‑11, “Interim Reporting (Topic 270): Narrow‑Scope Improvements.” The amendments are intended to improve the navigability and clarity of interim reporting requirements under Topic 270. The Update clarifies when Topic 270 applies, adds a comprehensive list of required interim disclosures, and introduces a disclosure principle requiring entities to disclose events occurring after the most recent annual period that have a material impact on the entity.

The Update does not expand or reduce overall interim disclosure requirements but instead compiles and organizes them to improve consistency and comparability. The guidance also clarifies form‑and‑content expectations for interim financial statements, including the use of condensed statements, and aligns GAAP with prior SEC requirements regarding material events.

The amendments are effective for interim reporting periods beginning after December 15, 2027, for public business entities and one year later for all other entities. Early adoption is permitted, with prospective or retrospective application available. The adoption of this pronouncement is not expected to have a material impact on the Consolidated Financial Statements.

ASU 2025‑10 — Government Grants (Topic 832): Accounting for Government Grants Received by Business Entities

In December 2025, the FASB issued ASU 2025‑10, “Government Grants (Topic 832): Accounting for Government Grants Received by Business Entities.” The amendments establish authoritative U.S. GAAP for the recognition, measurement, and presentation of government grants received by business entities. Historically, in the absence of explicit guidance, entities analogized to IAS 20 or ASC 958‑605, resulting in diversity in practice. ASU 2025‑10 adopts a model largely based on IAS 20, with revisions for U.S. GAAP.

Under this Update, a government grant is defined as a transfer of a monetary or tangible nonmonetary asset from a governmental body in a non‑exchange transaction. The guidance excludes transactions such as income‑tax credits under Topic 740, below‑market interest rate loans, government guarantees, contributions from nongovernmental sources, and transfers of intangible assets or services. Recognition is required when it is probable that the entity will comply with grant conditions and the grant will be received. Grants related to assets are recognized as the related costs are incurred; grants related to income are recognized as the related expenses are incurred.

The amendments are effective for public business entities for annual periods beginning after December 15, 2028, and one year later for all other entities. Early adoption is permitted. The adoption of this pronouncement is not expected to have a material impact on the Consolidated Financial Statements.

ASU 2025-09 — Derivatives and Hedging (Topic 815): Hedging Accounting Improvements

In November 2025, the FASB issued ASU 2025‑09, “Derivatives and Hedging (Topic 815): Hedge Accounting Improvements.” The amendments in this Update enhance and clarify several aspects of hedge accounting to better align financial reporting with the economics of an entity’s

risk‑management activities. The guidance addresses key areas including similar risk assessments for groups of forecasted transactions, hedging of forecasted interest payments on “choose‑your‑rate” debt instruments, hedging of nonfinancial forecasted transactions, use of net written options as hedging instruments, and the treatment of foreign currency‑denominated debt in certain dual hedging strategies. The amendments allow a broader set of forecasted transactions to qualify for hedge accounting by focusing on “similar risk exposure” rather than requiring identical risk characteristics. Entities must evaluate this criterion at hedge inception and on an ongoing basis, using qualitative assessments where appropriate.

The amendments in this Update are effective for public business entities for annual periods beginning after December 15, 2026, and one year later for all other entities. Early adoption is permitted. Adoption is prospective, with transition provisions available to facilitate migration of existing hedging relationships. The adoption of this pronouncement is not expected to have a material impact on the Consolidated Financial Statements.

ASU 2025-08 — Financial Instruments—Credit Losses (Topic 326): Purchased Loans

In November 2025, the FASB issued ASU 2025‑08, “Financial Instruments—Credit Losses (Topic 326): Purchased Loans.” The amendments in this update make significant changes to the accounting for certain acquired seasoned loans subject to CECL. The Board decided not to change the existing models for originated assets, purchased credit deteriorated ("PCD") assets or other acquired assets.

Under the ASU, the initial allowance for credit losses recorded upon the acquisition of loans in scope is recognized as an adjustment to the amortized cost basis of the loan–similar to the PCD model. For these loans, the “day-one” credit loss estimate does not impact earnings immediately but rather is amortized over time as an adjustment to interest income. Subsequent changes in the allowance for credit losses are reported in earnings within credit loss expense.

The amendments in this Update are effective for all entities for fiscal years beginning after December 15, 2026, including interim periods within those fiscal years, and are to be applied prospectively to loans acquired on or after the date of adoption. Early adoption is permitted. The adoption of this pronouncement is not expected to have a material impact on the Consolidated Financial Statements.

ASU 2025-07 — Derivatives and Hedging (Topic 815) and Revenue from Contracts with Customers (Topic 606)

In September 2025, the FASB issued ASU 2025-07, “Derivatives and Hedging (Topic 815) and Revenue from Contracts with Customers (Topic 606).” The amendments in this Update apply to all entities that enter into non exchange-traded contracts with underlyings based on operations or activities specific to one of the parties to the contract. The amendments in this Update exclude from derivative accounting non exchange-traded contracts with underlyings that are based on operations or activities specific to one of the parties to the contract. However, this scope exception does not apply to (1) variables based on a market rate, market price, or market index, (2) variables based on the price or performance of a financial asset or financial liability of one of the parties to the contract, (3) contracts (or features) involving the issuer’s own equity that are evaluated under the guidance in Subtopic 815-40, Derivatives and Hedging—Contracts in Entity’s Own Equity, and (4) call options and put options on debt instruments. The amendments in this Update are effective for all entities for annual reporting periods beginning after December 15, 2026, and interim reporting periods within those annual reporting periods. Early adoption is permitted. The adoption of this pronouncement is not expected to have a material impact on the Consolidated Financial Statements.

ASU 2025-05 — Financial Instruments—Credit Losses (Topic 326)

In July 2025, the FASB issued ASU 2025-05, “Financial Instruments – Credit Losses (Topic 326).” The amendments provide (1) all entities with a practical expedient when estimating expected credit losses for current accounts receivable and current contract assets arising from transactions accounted for under Topic 606 and (2) entities other than public business entities with an accounting policy election for those same asset classes. The amendments will be effective for annual reporting periods beginning after December 15, 2025, and interim reporting periods within those annual reporting periods. The Company adopted ASU 2025‑05 effective January 1, 2026 and elected the practical expedient for in-scope current accounts receivable and contract assets. Loans and other financial assets measured at amortized cost are not within the scope of this guidance. Therefore, the adoption of this pronouncement does not have a material impact on the Consolidated Financial Statements, including the allowance for credit losses.

ASU 2025-01 & 2024-03 — Income Statement — Reporting Comprehensive Income –Expense Disaggregation Disclosures (Subtopic 220-40)

In November 2024, the FASB issued ASU 2024-03, “Income Statement—Reporting Comprehensive Income—Expense Disaggregation Disclosures.” The amendments in this Update improve financial reporting by requiring that public business entities disclose additional information about specific expense categories in the notes to financial statements at interim and annual reporting periods. This information is generally not presented in the financial statements today. For Wesbanco, the amendments in this Update are effective for annual reporting periods beginning after December 15, 2026, and interim reporting periods beginning after December 15, 2027. Early adoption is permitted.

In January 2025, the FASB issued ASU 2025-01, “Income Statement — Reporting Comprehensive Income – Expense Disaggregation Disclosures (Subtopic 220-40).” The amendment in this Update amends the effective date of ASU 2024-03 to clarify that all public business entities are required to adopt the guidance in annual reporting periods beginning after December 15, 2026, and interim periods within annual reporting periods beginning after December 15, 2027. Early adoption is permitted. The adoption of these pronouncements is not expected to have a material impact on the Consolidated Financial Statements, but is expected to result in additional disclosures and potential changes to the line items on the Consolidated Statement of Income.

v3.26.1
Earnings Per Common Share
3 Months Ended
Mar. 31, 2026
Earnings Per Share [Abstract]  
Earnings Per Common Share

NOTE 2. EARNINGS PER COMMON SHARE

Earnings per common share are calculated as follows:

 

 

 

For the Three Months
Ended March 31,

 

(unaudited, in thousands, except shares and per share amounts)

 

2026

 

 

2025

 

Numerator for both basic and diluted earnings per common share:

 

 

 

 

 

 

Net income (loss) available to common shareholders

 

$

84,395

 

 

$

(11,523

)

Denominator:

 

 

 

 

 

 

Total average basic common shares outstanding

 

 

96,103,497

 

 

 

76,830,460

 

Effect of dilutive stock options and other stock compensation

 

 

205,855

 

 

 

190,132

 

Total diluted average common shares outstanding

 

 

96,309,352

 

 

 

77,020,592

 

Earnings (loss) per common share - basic

 

$

0.88

 

 

$

(0.15

)

Earnings (loss) per common share - diluted

 

$

0.88

 

 

$

(0.15

)

 

As of March 31, 2026 and 2025, 237,001 and 325,701 options to purchase shares were not included in the diluted share computation for the three months ended March 31, 2026 and 2025, respectively, because the exercise price was greater than the average market price of a common share, and, therefore, the effect would be antidilutive.

As of March 31, 2026 and 2025, 24,000 shares were estimated to be awarded under the 2025 and 2024 total shareholder return ("TSR") plans and were included in the diluted calculation as stock performance targets had been met.

In addition, 106,119 shares of performance-based restricted stock were included in the diluted calculation as of March 31, 2026 because the performance criteria was met. Similarly, at March 31, 2025, 92,813 shares were estimated to be awarded and were included in the diluted calculation.

As previously disclosed, 28,738,104 shares were issued as merger consideration to complete the PFC acquisition on February 28, 2025. To accomplish this, Wesbanco used 8,421,434 shares of Treasury stock and 20,316,670 newly-issued common shares. These shares are included in the average shares outstanding beginning on those dates mentioned.

v3.26.1
Securities
3 Months Ended
Mar. 31, 2026
Investments, Debt and Equity Securities [Abstract]  
Securities

NOTE 3. SECURITIES

The following table presents the fair value and amortized cost of available-for-sale and held-to-maturity debt securities:

 

 

 

March 31, 2026

 

 

December 31, 2025

 

(unaudited, in thousands)

 

Amortized
Cost

 

 

Gross
Unrealized
Gains

 

 

Gross
Unrealized
Losses

 

 

Fair
Value

 

 

Amortized
Cost

 

 

Gross
Unrealized
Gains

 

 

Gross
Unrealized
Losses

 

 

Fair
Value

 

Available-for-sale debt securities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Treasury

 

$

196,411

 

 

$

77

 

 

$

(73

)

 

$

196,415

 

 

$

196,586

 

 

$

271

 

 

$

 

 

$

196,857

 

U.S. Government sponsored entities and agencies

 

 

237,706

 

 

 

326

 

 

 

(20,637

)

 

 

217,395

 

 

 

243,408

 

 

 

212

 

 

 

(20,623

)

 

 

222,997

 

Residential mortgage-backed securities and collateralized mortgage obligations of government sponsored entities and agencies

 

 

2,811,933

 

 

 

8,535

 

 

 

(186,006

)

 

 

2,634,462

 

 

 

2,771,608

 

 

 

15,149

 

 

 

(176,309

)

 

 

2,610,448

 

Commercial mortgage-backed securities and collateralized mortgage obligations of government sponsored entities and agencies

 

 

60,485

 

 

 

89

 

 

 

(2,603

)

 

 

57,971

 

 

 

66,043

 

 

 

233

 

 

 

(2,661

)

 

 

63,615

 

Asset backed securities

 

 

67,115

 

 

 

67

 

 

 

(274

)

 

 

66,908

 

 

 

69,095

 

 

 

45

 

 

 

(205

)

 

 

68,935

 

Obligations of states and political subdivisions

 

 

78,559

 

 

 

157

 

 

 

(2,396

)

 

 

76,320

 

 

 

74,738

 

 

 

412

 

 

 

(1,962

)

 

 

73,188

 

Corporate debt securities

 

 

47,933

 

 

 

864

 

 

 

(31

)

 

 

48,766

 

 

 

51,334

 

 

 

1,015

 

 

 

(57

)

 

 

52,292

 

Total available-for-sale debt securities

 

$

3,500,142

 

 

$

10,115

 

 

$

(212,020

)

 

$

3,298,237

 

 

$

3,472,812

 

 

$

17,337

 

 

$

(201,817

)

 

$

3,288,332

 

Held-to-maturity debt securities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Government sponsored entities and agencies

 

$

2,258

 

 

$

 

 

$

(134

)

 

$

2,124

 

 

$

2,341

 

 

$

 

 

$

(134

)

 

$

2,207

 

Residential mortgage-backed securities and collateralized mortgage obligations of government sponsored entities and agencies

 

 

25,733

 

 

 

1

 

 

 

(1,642

)

 

 

24,092

 

 

 

27,014

 

 

 

2

 

 

 

(1,547

)

 

 

25,469

 

Obligations of states and political subdivisions

 

 

1,090,634

 

 

 

1,266

 

 

 

(108,821

)

 

 

983,079

 

 

 

1,100,788

 

 

 

2,137

 

 

 

(96,687

)

 

 

1,006,238

 

Corporate debt securities

 

 

1,972

 

 

 

36

 

 

 

 

 

 

2,008

 

 

 

1,971

 

 

 

72

 

 

 

 

 

 

2,043

 

Total held-to-maturity debt securities (1)

 

$

1,120,597

 

 

$

1,303

 

 

$

(110,597

)

 

$

1,011,303

 

 

$

1,132,114

 

 

$

2,211

 

 

$

(98,368

)

 

$

1,035,957

 

Total debt securities

 

$

4,620,739

 

 

$

11,418

 

 

$

(322,617

)

 

$

4,309,540

 

 

$

4,604,926

 

 

$

19,548

 

 

$

(300,185

)

 

$

4,324,289

 

(1)
Total held-to-maturity debt securities are presented on the balance sheet net of their allowance for credit losses totaling $0.2 million at March 31, 2026 and December 31, 2025.

At March 31, 2026 and December 31, 2025, there were no holdings of any one issuer, other than U.S. government sponsored entities and its agencies, in an amount greater than 10% of Wesbanco’s shareholders’ equity. Equity securities, of which $27.6 million and $28.2 million at March 31, 2026 and December 31, 2025, respectively, consist of investments in various mutual funds held in grantor trusts formed in connection with the Company’s deferred compensation plan, are recorded at fair value, and totaled $30.3 million and $30.8 million at March 31, 2026 and December 31, 2025, respectively.

The following table presents the amortized cost and fair value of available-for-sale and held-to-maturity debt securities by contractual maturity date at March 31, 2026. Actual maturities will differ from contractual maturities because borrowers may have the right to call or prepay debt obligations with or without prepayment penalties. Mortgage-backed securities and collateralized mortgage obligations are classified in the table below based on their contractual maturity date; however, regular principal payments and prepayments of principal are received on a monthly basis.

 

(unaudited, in thousands)

 

Amortized Cost

 

 

Fair Value

 

Available-for-sale debt securities

 

 

 

 

 

 

Within one year

 

$

212,313

 

 

$

212,235

 

After 1 year through 5 years

 

 

217,720

 

 

 

210,424

 

After 5 years through 10 years

 

 

349,973

 

 

 

325,656

 

After 10 years

 

 

2,720,136

 

 

 

2,549,922

 

Total available-for-sale debt securities

 

$

3,500,142

 

 

$

3,298,237

 

Held-to-maturity debt securities

 

 

 

 

 

 

Within one year

 

$

17,753

 

 

$

17,746

 

After 1 year through 5 years

 

 

248,330

 

 

 

242,758

 

After 5 years through 10 years

 

 

569,128

 

 

 

508,967

 

After 10 years

 

 

285,386

 

 

 

241,832

 

Total held-to-maturity debt securities

 

$

1,120,597

 

 

$

1,011,303

 

Total debt securities

 

$

4,620,739

 

 

$

4,309,540

 

 

Securities with an aggregate carrying value of $2.8 billion at March 31, 2026 and December 31, 2025, respectively, were pledged as security for public and trust funds, and securities sold under agreements to repurchase. There were no security sales that occurred in the three months ended March 31, 2026. Proceeds from the sale of available-for-sale securities for the three months ended March 31, 2025 totaled $873.8 million. Net unrealized losses on available-for-sale securities included in accumulated other comprehensive income, net of tax, as of March 31, 2026 and December 31, 2025 were $153.5 million and $139.5 million, respectively.

The following table presents the gross realized gains and losses on sales and calls of available-for-sale and held-to-maturity debt securities, as well as gains and losses on equity securities from both sales and market adjustments, for the three months ended March 31, 2026 and 2025, respectively. All gains and losses presented in the table below are included in the net securities gains (losses) line item of the consolidated income statement. For those equity securities relating to the key officer and director deferred compensation plan, the corresponding change in the obligation to the participant is recognized in employee benefits expense.

 

 

 

For the Three Months
Ended March 31,

 

(unaudited, in thousands)

 

2026

 

 

2025

 

Debt securities:

 

 

 

 

 

 

Gross realized gains

 

$

36

 

 

$

201

 

Gross realized losses

 

 

 

 

 

(161

)

Net gains on debt securities

 

 

36

 

 

 

40

 

Equity securities:

 

 

 

 

 

 

Net unrealized losses recognized on securities still held

 

 

(49

)

 

 

(358

)

Net securities losses

 

$

(13

)

 

$

(318

)

The corporate and municipal bonds in Wesbanco’s held-to-maturity debt portfolio are analyzed quarterly to determine if an allowance for current expected credit losses is warranted. Wesbanco uses a database of historical financials of all corporate and municipal issuers and actual historic default and recovery rates on rated and non-rated transactions to estimate expected credit losses on an individual security basis. The expected credit losses are adjusted quarterly and are recorded in an allowance for expected credit losses on the balance sheet, which is deducted from the amortized cost basis of the held-to-maturity portfolio as a contra asset. The losses are recorded on the consolidated income statement in the provision for credit losses. Accrued interest receivable on held-to-maturity securities, which was $8.0 million and $8.2 million as of March 31, 2026 and December 31, 2025, respectively, is excluded from the estimate of credit losses. Held-to-maturity investments in U.S. Government sponsored entities and agencies as well as mortgage-backed securities and collateralized mortgage obligations, which are all either issued by a direct governmental entity or a government-sponsored entity, have no historical evidence supporting expected credit losses; therefore, Wesbanco has estimated these losses at zero, and will monitor this assumption in the future for any economic or governmental policies that could affect this assumption.

The following table provides a roll-forward of the allowance for credit losses on held-to-maturity securities for the three months ended March 31, 2026 and 2025:

 

 

Allowance for Credit Losses By Category

 

 

For the Three Months Ended March 31, 2026 and 2025

 

 

 

 

 

 

 

 

 

Obligations of

 

 

 

 

 

 

states and

 

Corporate

 

 

 

 

political

 

debt

 

 

(unaudited, in thousands)

subdivisions

 

Securities

 

Total

 

Balance at December 31, 2025

$

155

 

$

13

 

$

168

 

Current period provision (1)

 

(21

)

 

4

 

 

(17

)

Write-offs

 

 

 

 

 

 

Recoveries

 

 

 

 

 

 

Balance at March 31, 2026

$

134

 

$

17

 

$

151

 

.

 

 

 

 

 

 

Balance at December 31, 2024

$

124

 

$

22

 

$

146

 

Current period provision (1)

 

(8

)

 

(1

)

 

(9

)

Write-offs

 

 

 

 

 

 

Recoveries

 

 

 

 

 

 

Balance at March 31, 2025

$

116

 

$

21

 

$

137

 

(1) The total provision for credit losses on held-to-maturity securities is reported in the consolidated statements of income in the provision for credit losses line item, which also includes the provision for credit losses - loans and loan commitments. For more information on the provision relating to loans and loan commitments, please see Note 4, "Loans and the Allowance for Credit Losses."

 

The following tables provide information on unrealized losses on available-for-sale debt securities that have been in an unrealized loss position for less than twelve months and twelve months or more, for which an allowance for credit losses has not been recorded, as of March 31, 2026 and December 31, 2025, respectively:

 

 

 

March 31, 2026

 

 

 

Less than 12 months

 

 

12 months or more

 

 

Total

 

(unaudited, dollars in thousands)

 

Fair
Value

 

 

Unrealized
Losses

 

 

# of
Securities

 

 

Fair
Value

 

 

Unrealized
Losses

 

 

# of
Securities

 

 

Fair
Value

 

 

Unrealized
Losses

 

 

# of
Securities

 

U.S. Treasury

 

$

98,488

 

 

$

(73

)

 

 

2

 

 

$

 

 

$

 

 

 

 

 

$

98,488

 

 

$

(73

)

 

 

2

 

U.S. Government sponsored entities and agencies

 

 

10,985

 

 

 

(88

)

 

 

4

 

 

 

184,271

 

 

 

(20,549

)

 

 

41

 

 

 

195,256

 

 

 

(20,637

)

 

 

45

 

Residential mortgage-backed securities and collateralized mortgage obligations of government sponsored entities and agencies

 

 

540,930

 

 

 

(5,598

)

 

 

126

 

 

 

1,254,249

 

 

 

(180,408

)

 

 

423

 

 

 

1,795,179

 

 

 

(186,006

)

 

 

549

 

Commercial mortgage-backed securities and collateralized mortgage obligations of government sponsored entities and agencies

 

 

 

 

 

 

 

 

 

 

 

42,769

 

 

 

(2,603

)

 

 

18

 

 

 

42,769

 

 

 

(2,603

)

 

 

18

 

Asset backed securities

 

 

44,412

 

 

 

(182

)

 

 

9

 

 

 

12,108

 

 

 

(92

)

 

 

3

 

 

 

56,520

 

 

 

(274

)

 

 

12

 

Obligations of states and political subdivisions

 

 

25,837

 

 

 

(246

)

 

 

38

 

 

 

21,062

 

 

 

(2,150

)

 

 

27

 

 

 

46,899

 

 

 

(2,396

)

 

 

65

 

Corporate debt securities

 

 

8,472

 

 

 

(17

)

 

 

6

 

 

 

4,975

 

 

 

(14

)

 

 

1

 

 

 

13,447

 

 

 

(31

)

 

 

7

 

Total temporarily impaired securities

 

$

729,124

 

 

$

(6,204

)

 

 

185

 

 

$

1,519,434

 

 

$

(205,816

)

 

 

513

 

 

$

2,248,558

 

 

$

(212,020

)

 

 

698

 

 

 

 

December 31, 2025

 

 

 

Less than 12 months

 

 

12 months or more

 

 

Total

 

(dollars in thousands)

 

Fair
Value

 

 

Unrealized
Losses

 

 

# of
Securities

 

 

Fair
Value

 

 

Unrealized
Losses

 

 

# of
Securities

 

 

Fair
Value

 

 

Unrealized
Losses

 

 

# of
Securities

 

U.S. Treasury

 

$

 

 

$

 

 

 

 

 

$

 

 

$

 

 

 

 

 

$

 

 

$

 

 

 

 

U.S. Government sponsored entities and agencies

 

 

8,252

 

 

 

(109

)

 

 

3

 

 

 

189,841

 

 

 

(20,514

)

 

 

42

 

 

 

198,093

 

 

 

(20,623

)

 

 

45

 

Residential mortgage-backed securities and collateralized mortgage obligations of government sponsored entities and agencies

 

 

245,766

 

 

 

(1,340

)

 

 

59

 

 

 

1,307,219

 

 

 

(174,969

)

 

 

430

 

 

 

1,552,985

 

 

 

(176,309

)

 

 

489

 

Commercial mortgage-backed securities and collateralized mortgage obligations of government sponsored entities and agencies

 

 

 

 

 

 

 

 

 

 

 

48,325

 

 

 

(2,661

)

 

 

18

 

 

 

48,325

 

 

 

(2,661

)

 

 

18

 

Asset backed securities

 

 

4,168

 

 

 

(124

)

 

 

8

 

 

 

23,806

 

 

 

(1,838

)

 

 

33

 

 

 

27,974

 

 

 

(1,962

)

 

 

41

 

Obligations of states and political subdivisions

 

 

58,042

 

 

 

(205

)

 

 

11

 

 

 

 

 

 

 

 

 

 

 

 

58,042

 

 

 

(205

)

 

 

11

 

Corporate debt securities

 

 

11,050

 

 

 

(55

)

 

 

8

 

 

 

5,484

 

 

 

(2

)

 

 

2

 

 

 

16,534

 

 

 

(57

)

 

 

10

 

Total temporarily impaired securities

 

$

327,278

 

 

$

(1,833

)

 

 

89

 

 

$

1,574,675

 

 

$

(199,984

)

 

 

525

 

 

$

1,901,953

 

 

$

(201,817

)

 

 

614

 

Unrealized losses on debt securities in the table above represent temporary fluctuations resulting from changes in market rates in relation to fixed yields. Unrealized losses in the available-for-sale portfolio are accounted for as an adjustment, net of taxes, to other comprehensive income in shareholders’ equity. Wesbanco does not believe the securities presented above are impaired due to reasons of credit quality, as substantially all debt securities are rated above investment grade and all are paying principal and interest according to their contractual terms. Wesbanco does not intend to sell, nor is it more likely than not that it will be required to sell, loss position securities prior to recovery of their cost; therefore, management believes the unrealized losses detailed above do not require an allowance for credit losses relating to these securities to be recognized. Securities that do not have readily determinable fair values and for which Wesbanco does not exercise significant influence are carried at cost. Cost method investments consist primarily of FHLB stock totaling $50.1 million and $58.5 million at March 31, 2026 and December 31, 2025, respectively, and are included in other assets in the Consolidated Balance Sheets. Cost method investments are evaluated for impairment whenever events or circumstances suggest that their carrying value may not be recoverable.

 

v3.26.1
Loans and the Allowance for Credit Losses
3 Months Ended
Mar. 31, 2026
Receivables [Abstract]  
Loans and the Allowance for Credit Losses

NOTE 4. LOANS AND THE ALLOWANCE FOR CREDIT LOSSES

The recorded investment in loans is presented in the Consolidated Balance Sheets net of deferred loan fees and costs, and discounts on purchased loans. Net deferred loan costs were $14.8 million and $13.9 million at March 31, 2026 and December 31, 2025, respectively. The unaccreted discount on purchased loans from acquisitions was $288.8 million at March 31, 2026 and $302.4 million at December 31, 2025.

 

 

 

March 31,

 

 

December 31,

 

(unaudited, in thousands)

 

2026

 

 

2025

 

Commercial real estate:

 

 

 

 

 

 

Land and construction

 

$

1,632,209

 

 

$

1,783,637

 

Improved property

 

 

9,270,066

 

 

 

9,155,197

 

Total commercial real estate

 

 

10,902,275

 

 

 

10,938,834

 

Commercial and industrial

 

 

2,785,440

 

 

 

2,863,893

 

Residential real estate

 

 

3,920,209

 

 

 

3,938,585

 

Home equity

 

 

1,149,878

 

 

 

1,129,394

 

Consumer

 

 

324,879

 

 

 

355,726

 

Total portfolio loans

 

 

19,082,681

 

 

 

19,226,432

 

Loans held for sale

 

 

59,281

 

 

 

87,454

 

Total loans

 

$

19,141,962

 

 

$

19,313,886

 

Allowance for Credit Losses

The allowance for credit losses under the current expected credit losses methodology is calculated on non-PCD loans utilizing a probability of default ("PD") and loss given default ("LGD") approach, which is then discounted to net present value. PD is the probability the asset will default within a given time frame and LGD is the percentage of the asset not expected to be collected due to default. The primary macroeconomic drivers of the quantitative model include forecasts of national unemployment and interest rates, as well as modeling adjustments for changes in prepayment speeds, portfolio mix, concentrations and loan growth. At March 31, 2026, the primary drivers of the change in the allowance model calculation from December 31, 2025 were macroeconomic variables, prepayment speeds, qualitative factors for credit quality, changes in risk grading, increases to specific reserves on individually-evaluated loans and an increase in net charge-offs. The forecast was based upon a probability weighted approach which is designed to incorporate loss projections from a baseline, upside and downside economy. Due to the nonlinearity of credit losses to the economy, the asymmetry is best captured by evaluating multiple economic scenarios through a probability weighted approach. At quarter-end, national unemployment was projected to be 4.8%, and subsequently increase to an average of 5.2% over the remainder of the forecast period. In addition to the quantitative and qualitative changes noted above, the allowance is reflective of $7.6 million in net charge-offs recorded during the first three months of 2026. Accrued interest receivable for loans was $85.2 million and $87.8 million at March 31, 2026 and December 31, 2025, respectively. Wesbanco made an accounting policy election to exclude accrued interest from the measurement of the allowance for credit losses because the Company has a policy in place to reverse or write-off accrued interest when loans are placed on non-accrual. However, due to their unique nature, Wesbanco does have a $0.1 million reserve on the accrued interest related to individually-evaluated loans at March 31, 2026.

 

The following tables summarize changes in the allowance for credit losses applicable to each category of the loan portfolio:

 

 

 

Allowance for Credit Losses By Category

 

 

 

For the Three Months Ended March 31, 2026 and 2025

 

(unaudited, in thousands)

 

Commercial
Real Estate -
Land and
Construction

 

 

Commercial
Real Estate-
Improved
Property

 

 

Commercial
& Industrial

 

 

Residential
Real Estate

 

 

Home
Equity

 

 

Consumer

 

 

Deposit
Overdrafts

 

 

Total

 

Balance at December 31, 2025

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Allowance for credit
   losses - loans

 

$

10,707

 

 

$

96,714

 

 

$

64,932

 

 

$

33,416

 

 

$

2,383

 

 

$

8,742

 

 

$

1,855

 

 

$

218,749

 

Allowance for credit
   losses - loan commitments

 

 

5,499

 

 

 

 

 

 

552

 

 

 

890

 

 

 

 

 

 

9

 

 

 

 

 

 

6,950

 

Total beginning allowance for credit
   losses - loans and loan
   commitments

 

 

16,206

 

 

 

96,714

 

 

 

65,484

 

 

 

34,306

 

 

 

2,383

 

 

 

8,751

 

 

 

1,855

 

 

 

225,699

 

Provision for credit losses:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Provision for loan losses

 

 

(1,752

)

 

 

(2,832

)

 

 

3,948

 

 

 

(1,308

)

 

 

319

 

 

 

319

 

 

 

164

 

 

 

(1,142

)

Provision for loan commitments

 

 

(348

)

 

 

 

 

 

621

 

 

 

(29

)

 

 

 

 

 

18

 

 

 

 

 

 

262

 

Total provision for credit
   losses - loans and loan
   commitments (1)

 

 

(2,100

)

 

 

(2,832

)

 

 

4,569

 

 

 

(1,337

)

 

 

319

 

 

 

337

 

 

 

164

 

 

 

(880

)

Charge-offs

 

 

 

 

 

(84

)

 

 

(4,581

)

 

 

(1,157

)

 

 

(516

)

 

 

(2,281

)

 

 

(538

)

 

 

(9,157

)

Recoveries

 

 

 

 

 

84

 

 

 

223

 

 

 

141

 

 

 

74

 

 

 

801

 

 

 

250

 

 

 

1,573

 

Net (charge-offs) recoveries

 

 

 

 

 

 

 

 

(4,358

)

 

 

(1,016

)

 

 

(442

)

 

 

(1,480

)

 

 

(288

)

 

 

(7,584

)

Balance at March 31, 2026

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Allowance for credit
   losses - loans

 

 

8,955

 

 

 

93,882

 

 

 

64,522

 

 

 

31,092

 

 

 

2,260

 

 

 

7,581

 

 

 

1,731

 

 

 

210,023

 

Allowance for credit
   losses - loan commitments

 

 

5,151

 

 

 

 

 

 

1,173

 

 

 

861

 

 

 

 

 

 

27

 

 

 

 

 

 

7,212

 

Total ending allowance for credit
   losses - loans and loan
   commitments

 

$

14,106

 

 

$

93,882

 

 

$

65,695

 

 

$

31,953

 

 

$

2,260

 

 

$

7,608

 

 

$

1,731

 

 

$

217,235

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at December 31, 2024

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Allowance for credit
   losses - loans

 

$

8,411

 

 

$

59,828

 

 

$

42,398

 

 

$

21,790

 

 

$

1,235

 

 

$

3,391

 

 

$

1,713

 

 

$

138,766

 

Allowance for credit
   losses - loan commitments

 

 

5,105

 

 

 

 

 

 

 

 

 

1,015

 

 

 

 

 

 

 

 

 

 

 

 

6,120

 

Total beginning allowance for credit
   losses - loans and loan
   commitments

 

 

13,516

 

 

 

59,828

 

 

 

42,398

 

 

 

22,805

 

 

 

1,235

 

 

 

3,391

 

 

 

1,713

 

 

 

144,886

 

Initial allowance for credit
   losses on acquired PCD loans

 

 

177

 

 

 

5,369

 

 

 

16,632

 

 

 

3,192

 

 

 

604

 

 

 

3,095

 

 

 

 

 

 

29,069

 

Provision for credit losses:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Provision for loan losses

 

 

2,747

 

 

 

29,364

 

 

 

20,316

 

 

 

7,739

 

 

 

663

 

 

 

7,386

 

 

 

338

 

 

 

68,553

 

Provision for loan commitments

 

 

511

 

 

 

 

 

 

 

 

 

(183

)

 

 

 

 

 

11

 

 

 

 

 

 

339

 

Total provision for credit
   losses - loans and loan
   commitments (1)

 

 

3,258

 

 

 

29,364

 

 

 

20,316

 

 

 

7,556

 

 

 

663

 

 

 

7,397

 

 

 

338

 

 

 

68,892

 

Charge-offs

 

 

 

 

 

(33

)

 

 

(1,020

)

 

 

(221

)

 

 

(493

)

 

 

(1,822

)

 

 

(416

)

 

 

(4,005

)

Recoveries

 

 

 

 

 

15

 

 

 

437

 

 

 

125

 

 

 

156

 

 

 

386

 

 

 

115

 

 

 

1,234

 

Net (charge-offs) recoveries (2)

 

 

 

 

 

(18

)

 

 

(583

)

 

 

(96

)

 

 

(337

)

 

 

(1,436

)

 

 

(301

)

 

 

(2,771

)

Balance at March 31, 2025

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Allowance for credit
   losses - loans

 

 

11,335

 

 

 

94,543

 

 

 

78,763

 

 

 

32,625

 

 

 

2,165

 

 

 

12,436

 

 

 

1,750

 

 

 

233,617

 

Allowance for credit
   losses - loan commitments

 

 

5,616

 

 

 

 

 

 

 

 

 

832

 

 

 

 

 

 

11

 

 

 

 

 

 

6,459

 

Total ending allowance for credit
   losses - loans and loan
   commitments

 

$

16,951

 

 

$

94,543

 

 

$

78,763

 

 

$

33,457

 

 

$

2,165

 

 

$

12,447

 

 

$

1,750

 

 

$

240,076

 

(1) The total provision for credit losses - loans and loan commitments is reported in the consolidated statements of income in the provision for credit losses line item, which also includes the provision for credit losses on held-to-maturity securities. For more information on the provision relating to held-to-maturity securities, please see Note 3, "Securities."

(2) The charge-offs on the acquired PFC loan portfolio prior to the acquisition were $22.7 million.

 

The following tables present the allowance for credit losses and recorded investments in loans by category, as of each period-end:

 

 

 

Allowance for Credit Losses and Recorded Investment in Loans

 

(unaudited, in thousands)

 

Commercial
Real Estate-
Land and
Construction

 

 

Commercial
Real Estate-
Improved
Property

 

 

Commercial
and
Industrial

 

 

Residential
Real
Estate

 

 

Home
Equity

 

 

Consumer

 

 

Deposit
Overdrafts

 

 

Total

 

March 31, 2026

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Allowance for credit losses:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loans individually-evaluated

 

$

 

 

$

22,660

 

 

$

6,965

 

 

$

 

 

$

 

 

$

 

 

$

 

 

$

29,625

 

Loans collectively-evaluated

 

 

8,955

 

 

 

71,222

 

 

 

57,557

 

 

 

31,092

 

 

 

2,260

 

 

 

7,581

 

 

 

1,731

 

 

 

180,398

 

Loan commitments (1)

 

 

5,151

 

 

 

 

 

 

1,173

 

 

 

861

 

 

 

 

 

 

27

 

 

 

 

 

 

7,212

 

Total allowance for credit
   losses - loans and commitments

 

$

14,106

 

 

$

93,882

 

 

$

65,695

 

 

$

31,953

 

 

$

2,260

 

 

$

7,608

 

 

$

1,731

 

 

$

217,235

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Portfolio loans:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Individually-evaluated for credit
   losses

 

$

 

 

$

60,699

 

 

$

6,965

 

 

$

 

 

$

 

 

$

 

 

$

 

 

$

67,664

 

Collectively-evaluated for credit
   losses

 

 

1,632,209

 

 

 

9,209,367

 

 

 

2,778,475

 

 

 

3,920,209

 

 

1,149,878

 

 

 

324,879

 

 

 

 

 

 

19,015,017

 

Total portfolio loans

 

$

1,632,209

 

 

$

9,270,066

 

 

$

2,785,440

 

 

$

3,920,209

 

 

$

1,149,878

 

 

$

324,879

 

 

$

 

 

$

19,082,681

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2025

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Allowance for credit losses:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loans individually-evaluated

 

$

 

 

$

20,990

 

 

$

6,918

 

 

$

 

 

$

 

 

$

 

 

$

 

 

$

27,908

 

Loans collectively-evaluated

 

 

10,707

 

 

 

75,724

 

 

 

58,014

 

 

 

33,416

 

 

 

2,383

 

 

 

8,742

 

 

 

1,855

 

 

 

190,841

 

Loan commitments (1)

 

 

5,499

 

 

 

 

 

 

552

 

 

 

890

 

 

 

 

 

 

9

 

 

 

 

 

 

6,950

 

Total allowance for credit
   losses - loans and commitments

 

$

16,206

 

 

$

96,714

 

 

$

65,484

 

 

$

34,306

 

 

$

2,383

 

 

$

8,751

 

 

$

1,855

 

 

$

225,699

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Portfolio loans:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Individually-evaluated for credit
   losses

 

$

 

 

$

42,010

 

 

$

6,965

 

 

$

 

 

$

 

 

$

 

 

$

 

 

$

48,975

 

Collectively-evaluated for credit
   losses

 

 

1,783,637

 

 

 

9,113,187

 

 

 

2,856,928

 

 

 

3,938,585

 

 

 

1,129,394

 

 

 

355,726

 

 

 

 

 

 

19,177,457

 

Total portfolio loans

 

$

1,783,637

 

 

$

9,155,197

 

 

$

2,863,893

 

 

$

3,938,585

 

 

$

1,129,394

 

 

$

355,726

 

 

$

 

 

$

19,226,432

 

(1) For additional detail relating to loan commitments, see Note 11, "Commitments and Contingent Liabilities."

Commercial Loan Risk Grades

Commercial loan risk grades are determined based on an evaluation of the relevant characteristics of each loan, assigned at inception and adjusted thereafter at any time to reflect changes in the risk profile throughout the life of each loan. The primary factors used to determine the risk grade are the sufficiency, reliability and sustainability of the primary source of repayment and overall financial strength of the borrower. The rating system more heavily weights the debt service coverage, leverage and loan to value factors to derive the risk grade. Other factors that are considered at a lesser weighting include management, industry or property type risks, payment history, collateral or guarantees.

Commercial real estate – land and construction consists of loans to finance investments in vacant land, land development, construction of residential housing, and construction of commercial buildings. Commercial real estate – improved property consists of loans for the purchase or refinance of all types of improved owner-occupied and investment properties. Factors that are considered in assigning the risk grade vary depending on the type of property financed. The risk grade assigned to construction and development loans is based on the overall viability of the project, the experience and financial capacity of the developer or builder to successfully complete the project, project specific and market absorption rates and comparable property values, and the amount of pre-sales for residential housing construction or pre-leases for commercial investment property. The risk grade assigned to commercial investment property loans is based primarily on the adequacy of the net operating income generated by the property to service the debt (“debt service coverage”), the loan to appraised value, the type, quality, industry and mix of tenants, and the terms of leases. The risk grade assigned to owner-occupied commercial real estate is based primarily on global debt service coverage and the leverage of the business, but may also consider the industry in which the business operates, the business’ specific competitive advantages or disadvantages, collateral margins and the quality and experience of management.

Commercial and industrial (“C&I”) loans consist of revolving lines of credit to finance accounts receivable, inventory and other general business purposes; term loans to finance fixed assets other than real estate, and letters of credit to support trade, insurance or governmental requirements for a variety of businesses. Most C&I borrowers are privately-held companies with annual sales up to $100 million. Primary factors that are considered in risk rating C&I loans include debt service coverage and leverage. Other factors including operating trends, collateral coverage along with management experience are also considered.

Pass loans are those that exhibit a history of positive financial results that are at least comparable to the average for their industry or type of real estate. The primary source of repayment is acceptable and these loans are expected to perform satisfactorily during most economic cycles. Pass loans typically have no significant external factors that are expected to adversely affect these borrowers more than others in the same industry or property type. Any minor unfavorable characteristics of these loans are outweighed or mitigated by other positive factors including but not limited to adequate secondary or tertiary sources of repayment, including guarantees.

Criticized loans, considered as compromised, have potential weaknesses that deserve management's close attention. If left uncorrected, these potential weaknesses may result in deterioration of the repayment prospects for the asset or in the bank's credit position at some future date. Criticized loans are not adversely classified by the banking regulators and do not expose the bank to sufficient risk to warrant adverse classification.

Classified loans, considered as substandard and doubtful, are equivalent to the classifications used by banking regulators. Substandard loans are inadequately protected by the current sound worth and paying capacity of the obligor or of the collateral pledged, if any. Loans so classified must have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt. They are characterized by the distinct possibility that the bank will sustain some loss if the deficiencies are not corrected. These loans may or may not be reported as non-accrual. Doubtful loans have all the weaknesses inherent in those classified substandard, with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of currently known facts, conditions, and values, highly questionable and improbable. These loans are reported as non-accrual.

The following tables summarize commercial loans by their assigned risk grade:

 

 

 

Commercial Loans by Internally Assigned Risk Grade

 

(unaudited, in thousands)

 

Commercial
Real Estate-
Land and
Construction

 

 

Commercial
Real Estate-
Improved
Property

 

 

Commercial
& Industrial

 

 

Total
Commercial
Loans

 

As of March 31, 2026

 

 

 

 

 

 

 

 

 

 

 

 

Pass

 

$

1,597,584

 

 

$

8,921,883

 

 

$

2,612,789

 

 

$

13,132,256

 

Criticized - compromised

 

 

3,725

 

 

 

197,359

 

 

 

125,769

 

 

 

326,853

 

Classified - substandard

 

 

30,900

 

 

 

150,824

 

 

 

46,882

 

 

 

228,606

 

Classified - doubtful

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

$

1,632,209

 

 

$

9,270,066

 

 

$

2,785,440

 

 

$

13,687,715

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As of December 31, 2025

 

 

 

 

 

 

 

 

 

 

 

 

Pass

 

$

1,748,260

 

 

$

8,712,676

 

 

$

2,736,863

 

 

$

13,197,799

 

Criticized - compromised

 

 

8,331

 

 

 

320,185

 

 

 

84,552

 

 

 

413,068

 

Classified - substandard

 

 

27,046

 

 

 

122,336

 

 

 

42,478

 

 

 

191,860

 

Classified - doubtful

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

$

1,783,637

 

 

$

9,155,197

 

 

$

2,863,893

 

 

$

13,802,727

 

 

Residential real estate, home equity and consumer loans are not assigned internal risk grades other than as required by regulatory guidelines that are based primarily on the age of past due loans. Wesbanco primarily evaluates the credit quality of residential real estate, home equity and consumer loans based on repayment performance and historical loss rates. The aggregate amount of residential real estate, home equity and consumer loans classified as substandard in accordance with regulatory guidelines was $54.0 million at March 31, 2026 and $61.4 million at December 31, 2025, of which $8.3 million and $16.5 million were accruing, for each period, respectively. These loans are not included in the tables above. In addition, $72.1 million and $57.1 million of unfunded commercial loan commitments are also not included in the tables above at March 31, 2026 and December 31, 2025, respectively.

Past Due and Nonperforming Loans

The following tables summarize the age analysis of all categories of loans:

 

 

 

Age Analysis of Loans

 

(unaudited, in thousands)

 

Current

 

 

30-59
Days
Past Due

 

 

60-89
Days
Past Due

 

 

90 Days
or More
Past Due

 

 

Total
Past Due

 

 

Total
Loans

 

 

90 Days
or More
Past
Due and
Accruing

 

As of March 31, 2026

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial real estate:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Land and construction

 

$

1,594,822

 

 

$

9,378

 

 

$

 

 

$

28,009

 

 

$

37,387

 

 

$

1,632,209

 

 

$

 

Improved property

 

 

9,182,058

 

 

 

27,669

 

 

 

12,371

 

 

 

47,968

 

 

 

88,008

 

 

 

9,270,066

 

 

 

2,651

 

Total commercial real estate

 

 

10,776,880

 

 

 

37,047

 

 

 

12,371

 

 

 

75,977

 

 

 

125,395

 

 

 

10,902,275

 

 

 

2,651

 

Commercial and industrial

 

 

2,753,616

 

 

 

5,260

 

 

 

2,972

 

 

 

23,592

 

 

 

31,824

 

 

 

2,785,440

 

 

 

5,260

 

Residential real estate

 

 

3,874,646

 

 

 

13,062

 

 

 

9,360

 

 

 

23,141

 

 

 

45,563

 

 

 

3,920,209

 

 

 

5,232

 

Home equity

 

 

1,131,376

 

 

 

7,232

 

 

 

2,759

 

 

 

8,511

 

 

 

18,502

 

 

 

1,149,878

 

 

 

2,238

 

Consumer

 

 

318,001

 

 

 

3,905

 

 

 

1,693

 

 

 

1,280

 

 

 

6,878

 

 

 

324,879

 

 

 

829

 

Total portfolio loans

 

 

18,854,519

 

 

 

66,506

 

 

 

29,155

 

 

 

132,501

 

 

 

228,162

 

 

 

19,082,681

 

 

 

16,210

 

Loans held for sale

 

 

59,281

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

59,281

 

 

 

 

Total loans

 

$

18,913,800

 

 

$

66,506

 

 

$

29,155

 

 

$

132,501

 

 

$

228,162

 

 

$

19,141,962

 

 

$

16,210

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Nonperforming loans included above are as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Non-accrual loans

 

$

22,933

 

 

$

1,670

 

 

$

4,114

 

 

$

116,291

 

 

$

122,075

 

 

$

145,008

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As of December 31, 2025

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial real estate:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Land and construction

 

$

1,755,314

 

 

$

13,535

 

 

$

13,956

 

 

$

832

 

 

$

28,323

 

 

$

1,783,637

 

 

$

 

Improved property

 

 

9,090,160

 

 

 

13,462

 

 

 

7,636

 

 

 

43,939

 

 

 

65,037

 

 

 

9,155,197

 

 

 

20,507

 

Total commercial real estate

 

 

10,845,474

 

 

 

26,997

 

 

 

21,592

 

 

 

44,771

 

 

 

93,360

 

 

 

10,938,834

 

 

 

20,507

 

Commercial and industrial

 

 

2,838,247

 

 

 

2,055

 

 

 

7,434

 

 

 

16,157

 

 

 

25,646

 

 

 

2,863,893

 

 

 

777

 

Residential real estate

 

 

3,889,494

 

 

 

738

 

 

 

13,513

 

 

 

34,840

 

 

 

49,091

 

 

 

3,938,585

 

 

 

12,479

 

Home equity

 

 

1,106,652

 

 

 

9,938

 

 

 

4,162

 

 

 

8,642

 

 

 

22,742

 

 

 

1,129,394

 

 

 

2,882

 

Consumer

 

 

345,927

 

 

 

6,119

 

 

 

1,822

 

 

 

1,858

 

 

 

9,799

 

 

 

355,726

 

 

 

1,138

 

Total portfolio loans

 

 

19,025,794

 

 

 

45,847

 

 

 

48,523

 

 

 

106,268

 

 

 

200,638

 

 

 

19,226,432

 

 

 

37,783

 

Loans held for sale

 

 

87,454

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

87,454

 

 

 

 

Total loans

 

$

19,113,248

 

 

$

45,847

 

 

$

48,523

 

 

$

106,268

 

 

$

200,638

 

 

$

19,313,886

 

 

$

37,783

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Nonperforming loans included above are as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Non-accrual loans

 

$

19,928

 

 

$

1,215

 

 

$

1,956

 

 

$

68,485

 

 

$

71,656

 

 

$

91,584

 

 

 

 

 

The following tables summarize nonperforming loans:

 

 

 

Nonperforming Loans

 

 

 

March 31, 2026

 

 

December 31, 2025

 

 

 

Unpaid

 

 

 

 

 

 

Unpaid

 

 

 

 

 

 

 

Principal

 

 

Recorded

 

 

Related

 

 

Principal

 

 

Recorded

 

 

Related

 

(unaudited, in thousands)

 

Balance (1)

 

 

Investment

 

 

Allowance

 

 

Balance (1)

 

 

Investment

 

 

Allowance

 

With no related specific allowance recorded:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial real estate:

 

 

 

 

 

 

 

 

 

 

 

 

Land and construction

 

$

36,239

 

 

$

28,206

 

 

$

 

 

$

832

 

 

$

832

 

 

$

 

Improved property

 

 

35,696

 

 

 

33,286

 

 

 

 

 

 

20,883

 

 

 

18,265

 

 

 

 

Commercial and industrial

 

 

19,927

 

 

 

13,744

 

 

 

 

 

 

12,043

 

 

 

9,133

 

 

 

 

Residential real estate

 

 

46,191

 

 

 

34,815

 

 

 

 

 

 

44,292

 

 

 

34,332

 

 

 

 

Home equity

 

 

13,494

 

 

 

9,832

 

 

 

 

 

 

12,673

 

 

 

9,248

 

 

 

 

Consumer

 

 

2,379

 

 

 

1,030

 

 

 

 

 

 

2,875

 

 

 

1,326

 

 

 

 

Total nonperforming loans without a specific allowance

 

 

153,926

 

 

 

120,913

 

 

 

 

 

 

93,598

 

 

 

73,136

 

 

 

 

With a specific allowance recorded:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial real estate:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Land and construction

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Improved property

 

 

17,362

 

 

 

17,136

 

 

 

10,026

 

 

 

11,627

 

 

 

11,489

 

 

 

6,377

 

Commercial and industrial

 

 

6,959

 

 

 

6,959

 

 

 

6,965

 

 

 

6,959

 

 

 

6,959

 

 

 

6,918

 

Residential real estate

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Home equity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consumer

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total nonperforming loans with a specific allowance

 

 

24,321

 

 

 

24,095

 

 

 

16,991

 

 

 

18,586

 

 

 

18,448

 

 

 

13,295

 

Total nonperforming loans

 

$

178,247

 

 

$

145,008

 

 

$

16,991

 

 

$

112,184

 

 

$

91,584

 

 

$

13,295

 

(1) The difference between the unpaid principal balance and the recorded investment generally reflects amounts that have been previously charged-off, fair market value adjustments on acquired nonperforming loans and capitalized loan origination fees and costs.

 

 

Nonperforming Loans

 

 

For the Three Months Ended

 

 

March 31, 2026

 

 

March 31, 2025

 

 

Average

 

 

Interest

 

 

Average

 

 

Interest

 

 

Recorded

 

 

Income

 

 

Recorded

 

 

Income

 

(unaudited, in thousands)

Investment

 

 

Recognized

 

 

Investment

 

 

Recognized

 

With no related specific allowance recorded:

 

 

 

 

 

 

 

 

 

 

 

Commercial real estate:

 

 

 

 

 

 

 

Land and construction

$

14,519

 

 

$

 

 

$

 

 

$

 

Improved property

 

25,776

 

 

 

 

 

 

19,992

 

 

 

 

Commercial and industrial

 

11,439

 

 

 

 

 

 

6,071

 

 

 

 

Residential real estate

 

34,574

 

 

 

 

 

 

19,263

 

 

 

 

Home equity

 

9,540

 

 

 

 

 

 

6,982

 

 

 

 

Consumer

 

1,178

 

 

 

 

 

 

1,716

 

 

 

 

Total nonperforming loans without a specific allowance

 

97,026

 

 

 

 

 

 

54,024

 

 

 

 

With a specific allowance recorded:

 

 

 

 

 

 

 

 

 

 

 

Commercial real estate:

 

 

 

 

 

 

 

 

 

 

 

Land and construction

 

 

 

 

 

 

 

 

 

 

 

Improved property

 

14,313

 

 

 

 

 

 

3,118

 

 

 

 

Commercial and industrial

 

6,959

 

 

 

 

 

 

3,480

 

 

 

 

Total nonperforming loans with a specific allowance

 

21,272

 

 

 

 

 

 

6,598

 

 

 

 

Total nonperforming loans

$

118,298

 

 

$

 

 

$

60,622

 

 

$

 

 

The following table presents the recorded investment in non-accrual loans:

 

 

 

Non-accrual Loans (1)

 

 

 

March 31,

 

 

December 31,

 

(unaudited, in thousands)

 

2026

 

 

2025

 

Commercial real estate:

 

 

 

 

 

 

Land and construction

 

$

28,206

 

 

$

832

 

Improved property

 

 

50,422

 

 

 

29,754

 

Total commercial real estate

 

 

78,628

 

 

 

30,586

 

Commercial and industrial

 

 

20,703

 

 

 

16,092

 

Residential real estate

 

 

34,815

 

 

 

34,332

 

Home equity

 

 

9,832

 

 

 

9,248

 

Consumer

 

 

1,030

 

 

 

1,326

 

Total

 

$

145,008

 

 

$

91,584

 

(1) At March 31, 2026, there were seventeen borrowers with a loan balance greater than $1.0 million, which totaled $87.7 million, as compared to eleven borrowers with loan balances greater than $1.0 million totaling $35.5 million at December 31, 2025. Total non-accrual loans may include loans that are also restructured for borrowers experiencing financial difficulty. Such loans are also set forth in the following tables.

 

Financial Difficulty Modifications

 

Tables in the following section exclude the financial effects of modifications for loans that were paid off or are otherwise no longer in the loan portfolio as of period end. The following table displays the details of portfolio loans that were modified during the three months ended March 31, 2026 and 2025 presented by loan category:

 

 

 

For the Three Months Ended March 31, 2026

 

(unaudited, in thousands)

 

Term
Extension

 

 

Rate Reduction

 

 

Payment
Delay

 

 

Term Extension
and Rate
Reduction

 

 

Total

 

 

% of
Total by
Loan Category

 

Commercial real estate - land and construction

 

$

 

 

$

 

 

$

 

 

$

 

 

$

 

 

 

 

Commercial real estate - improved property

 

 

230

 

 

 

 

 

 

 

 

 

 

 

 

230

 

 

 

 

Commercial and industrial

 

 

4,904

 

 

 

 

 

 

 

 

 

 

 

 

4,904

 

 

 

0.2

 

Residential real estate

 

 

 

 

 

169

 

 

 

32

 

 

 

 

 

 

201

 

 

 

 

Home equity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consumer

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

$

5,134

 

 

$

169

 

 

$

32

 

 

$

 

 

$

5,335

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the Three Months Ended March 31, 2025

 

(unaudited, in thousands)

 

Term
Extension

 

 

Rate Reduction

 

 

Payment
Delay

 

 

Term Extension
and Rate
Reduction

 

 

Total

 

 

% of
Total by
Loan Category

 

Commercial real estate - land and construction

 

$

24,217

 

 

$

 

 

$

 

 

$

 

 

$

24,217

 

 

 

1.4

 

Commercial real estate - improved property

 

 

16,887

 

 

 

 

 

 

1,507

 

 

 

250

 

 

 

18,644

 

 

 

0.2

 

Commercial and industrial

 

 

5,258

 

 

 

 

 

 

106

 

 

 

 

 

 

5,364

 

 

 

0.2

 

Residential real estate

 

 

 

 

 

 

 

 

496

 

 

 

 

 

 

496

 

 

 

 

Home equity

 

 

 

 

 

 

 

 

435

 

 

 

 

 

 

435

 

 

 

 

Consumer

 

 

 

 

 

 

 

 

144

 

 

 

 

 

 

144

 

 

 

 

Total

 

$

46,362

 

 

$

 

 

$

2,688

 

 

$

250

 

 

$

49,300

 

 

 

0.3

 

Unfunded loan commitments on financial difficulty modifications ("FDMs") totaled $0.4 million for loans modified during the three months ended March 31, 2026 and $1.0 million for loans modified during the three months ended March 31, 2025. These commitments are not included in the tables above.

 

The following table summarizes the financial impacts of loan modifications and payment deferrals made to portfolio loans during the three months ended March 31, 2026 and 2025, presented by loan category:

 

 

 

For the Three Months Ended

 

 

For the Three Months Ended

 

 

 

March 31, 2026

 

 

March 31, 2025

 

(unaudited, in thousands)

 

Weighted-Average
Term Extension
(in months)

 

 

Weighted-Average
Term Extension
(in months)

 

Commercial real estate - land and construction

 

 

 

 

 

6

 

Commercial real estate - improved property

 

 

11

 

 

 

9

 

Commercial and industrial

 

 

4

 

 

 

14

 

Residential real estate

 

 

 

 

 

 

Home equity

 

 

 

 

 

 

Consumer

 

 

 

 

 

 

 

The following table summarizes loans with FDMs which defaulted (defined as 90 days past due) within 12 months of the loan being modified during the three months ended March 31, 2026 and 2025. Modified loans, including those that have defaulted, are already included in the allowance for credit losses through the various methodologies used to estimate the allowance. As such, no modification to the allowance is recorded specifically due to a modified loan subsequently defaulting.

 

 

 

For the Three Months Ended

 

 

For the Three Months Ended

 

 

 

March 31, 2026

 

 

March 31, 2025

 

(unaudited, in thousands)

 

Term Extension

 

 

Payment Delay

 

 

Total

 

 

Term Extension

 

 

Payment Delay

 

 

Total

 

Commercial real estate - land and construction

 

$

 

 

$

 

 

$

 

 

$

 

 

$

 

 

$

 

Commercial real estate - improved property

 

 

 

 

 

 

 

 

 

 

 

3,469

 

 

 

 

 

 

3,469

 

Commercial and industrial

 

 

192

 

 

 

 

 

 

192

 

 

 

 

 

 

 

 

 

 

Residential real estate

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Home equity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

9

 

 

 

9

 

Consumer

 

 

 

 

 

 

 

 

 

 

 

 

 

 

38

 

 

 

38

 

Total loans that subsequently defaulted (1)

 

$

192

 

 

$

 

 

$

192

 

 

$

3,469

 

 

$

47

 

 

$

3,516

 

 

 

The following tables present an aging analysis of portfolio loans by loan category that were modified during the twelve months prior to March 31, 2026 and March 31, 2025.

 

 

 

March 31, 2026

 

(unaudited, in thousands)

 

30-59 Days
Past Due

 

 

60-89 Days
Past Due

 

 

90 Days
or More
Past Due

 

 

Total
Past Due

 

 

Current

 

 

Total

 

Commercial real estate - land and construction

 

$

 

 

$

 

 

$

 

 

$

 

 

$

 

 

$

 

Commercial real estate - improved property

 

 

 

 

 

 

 

 

19,323

 

 

 

19,323

 

 

 

39,401

 

 

 

58,724

 

Commercial and industrial

 

 

3,261

 

 

 

 

 

 

192

 

 

 

3,453

 

 

 

2,929

 

 

 

6,382

 

Residential real estate

 

 

215

 

 

 

42

 

 

 

1,035

 

 

 

1,292

 

 

 

4,990

 

 

 

6,282

 

Home equity

 

 

18

 

 

 

 

 

 

525

 

 

 

543

 

 

 

1,045

 

 

 

1,588

 

Consumer

 

 

91

 

 

 

 

 

 

11

 

 

 

102

 

 

 

683

 

 

 

785

 

Total modified loans (1)

 

$

3,585

 

 

$

42

 

 

$

21,086

 

 

$

24,713

 

 

$

49,048

 

 

$

73,761

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

March 31, 2025

 

(unaudited, in thousands)

 

30-59 Days
Past Due

 

 

60-89 Days
Past Due

 

 

90 Days
or More
Past Due

 

 

Total
Past Due

 

 

Current

 

 

Total

 

Commercial real estate - land and construction

 

$

 

 

$

832

 

 

$

 

 

$

832

 

 

$

24,218

 

 

$

25,050

 

Commercial real estate - improved property

 

 

4,436

 

 

 

3,468

 

 

 

7,997

 

 

 

15,901

 

 

 

77,101

 

 

 

93,002

 

Commercial and industrial

 

 

7

 

 

 

31

 

 

 

6,995

 

 

 

7,033

 

 

 

5,749

 

 

 

12,782

 

Residential real estate

 

 

834

 

 

 

 

 

 

520

 

 

 

1,354

 

 

 

2,015

 

 

 

3,369

 

Home equity

 

 

248

 

 

 

131

 

 

 

242

 

 

 

621

 

 

 

862

 

 

 

1,483

 

Consumer

 

 

 

 

 

16

 

 

 

80

 

 

 

96

 

 

 

216

 

 

 

312

 

Total modified loans (1)

 

$

5,525

 

 

$

4,478

 

 

$

15,834

 

 

$

25,837

 

 

$

110,161

 

 

$

135,998

 

(1) Represents balance at period end.

 

 

 

 

The following tables summarize amortized cost basis loan balances by year of origination and credit quality indicator:

 

 

 

Loans As of March 31, 2026

 

 

 

 

 

 

 

 

 

 

 

 

Amortized Cost Basis by Origination Year

 

 

 

 

 

 

 

 

 

 

(unaudited, in thousands)

 

2026

 

 

2025

 

 

2024

 

 

2023

 

 

2022

 

 

Prior

 

 

Revolving Loans Amortized Cost Basis

 

 

Revolving Loans Converted to Term

 

 

Total

 

Commercial real estate: land and construction

 

 

 

 

Risk rating:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pass

 

$

36,100

 

 

$

448,271

 

 

$

387,242

 

 

$

222,755

 

 

$

45,601

 

 

$

115,225

 

 

$

138,931

 

 

$

203,459

 

 

$

1,597,584

 

Criticized - compromised

 

 

 

 

 

 

 

 

 

 

 

203

 

 

 

432

 

 

 

117

 

 

 

1,999

 

 

 

974

 

 

 

3,725

 

Classified - substandard

 

 

 

 

 

 

 

 

197

 

 

 

 

 

 

1,001

 

 

 

2,087

 

 

 

 

 

 

27,615

 

 

 

30,900

 

Classified - doubtful

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

$

36,100

 

 

$

448,271

 

 

$

387,439

 

 

$

222,958

 

 

$

47,034

 

 

$

117,429

 

 

$

140,930

 

 

$

232,048

 

 

$

1,632,209

 

Current-period gross charge-offs

 

$

 

 

$

 

 

$

 

 

$

 

 

$

 

$

 

$

 

 

$

 

 

$

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial real estate: improved property

 

 

 

 

Risk rating:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pass

 

$

285,857

 

 

$

1,098,333

 

 

$

555,210

 

 

$

542,249

 

 

$

1,480,600

 

 

$

3,648,901

 

 

$

207,238

 

 

$

1,103,495

 

 

$

8,921,883

 

Criticized - compromised

 

 

 

 

 

 

 

 

30,487

 

 

 

13,947

 

 

 

62,339

 

 

 

50,834

 

 

 

4,027

 

 

 

35,725

 

 

 

197,359

 

Classified - substandard

 

 

 

 

 

818

 

 

 

21,255

 

 

 

13,103

 

 

 

63,093

 

 

 

43,631

 

 

 

296

 

 

 

8,628

 

 

 

150,824

 

Classified - doubtful

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

$

285,857

 

 

$

1,099,151

 

 

$

606,952

 

 

$

569,299

 

 

$

1,606,032

 

 

$

3,743,366

 

 

$

211,561

 

 

$

1,147,848

 

 

$

9,270,066

 

Current-period gross charge-offs

 

$

 

 

$

 

 

$

 

 

$

 

 

$

38

 

 

$

46

 

 

$

 

 

$

 

 

$

84

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial

 

 

 

 

Risk rating:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pass

 

$

105,307

 

 

$

367,394

 

 

$

192,305

 

 

$

150,433

 

 

$

260,645

 

$

412,823

 

 

$

931,276

 

 

$

192,606

 

 

$

2,612,789

 

Criticized - compromised

 

 

 

 

 

300

 

 

 

5,585

 

 

 

3,035

 

 

 

19,217

 

 

 

16,163

 

 

 

78,772

 

 

 

2,697

 

 

 

125,769

 

Classified - substandard

 

 

 

 

 

61

 

 

 

7,611

 

 

 

5,528

 

 

 

8,165

 

 

 

10,791

 

 

 

5,248

 

 

 

9,478

 

 

 

46,882

 

Classified - doubtful

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

$

105,307

 

 

$

367,755

 

 

$

205,501

 

 

$

158,996

 

 

$

288,027

 

 

$

439,777

 

 

$

1,015,296

 

 

$

204,781

 

 

$

2,785,440

 

Current-period gross charge-offs

 

$

 

 

$

 

 

$

1,422

 

 

$

443

 

 

$

1,416

 

 

$

1,109

 

 

$

8

 

 

$

183

 

 

$

4,581

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Residential real estate

 

 

 

 

Loan delinquency:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Current

 

$

60,548

 

 

$

289,969

 

 

$

129,282

 

 

$

238,789

 

 

$

715,503

 

 

$

1,587,836

 

 

$

 

 

$

852,719

 

 

$

3,874,646

 

30-59 days past due

 

 

 

 

 

600

 

 

 

860

 

 

 

763

 

 

 

1,629

 

 

 

6,986

 

 

 

 

 

 

2,224

 

 

 

13,062

 

60-89 days past due

 

 

 

 

 

536

 

 

 

391

 

 

 

1,128

 

 

 

2,687

 

 

 

3,739

 

 

 

 

 

 

879

 

 

 

9,360

 

90 days or more past due

 

 

 

 

 

624

 

 

 

1,407

 

 

 

3,518

 

 

 

2,279

 

 

 

12,513

 

 

 

 

 

 

2,800

 

 

 

23,141

 

Total

 

$

60,548

 

 

$

291,729

 

 

$

131,940

 

 

$

244,198

 

 

$

722,098

 

 

$

1,611,074

 

 

$

 

 

$

858,622

 

 

$

3,920,209

 

Current-period gross charge-offs

 

$

 

 

$

27

 

 

$

120

 

 

$

553

 

 

$

205

 

 

$

53

 

 

$

 

 

$

199

 

 

$

1,157

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Home equity

 

 

 

 

Loan delinquency:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Current

 

$

13,908

 

 

$

809

 

 

$

4,864

 

 

$

3,678

 

 

$

4,150

 

$

25,962

 

 

$

1,063,127

 

 

$

14,878

 

 

$

1,131,376

 

30-59 days past due

 

 

 

 

 

 

 

 

220

 

 

 

436

 

 

 

429

 

 

1,291

 

 

 

4,699

 

 

 

157

 

 

 

7,232

 

60-89 days past due

 

 

 

 

 

199

 

 

 

188

 

 

 

552

 

 

 

500

 

 

1,260

 

 

 

 

 

 

60

 

 

 

2,759

 

90 days or more past due

 

 

 

 

 

143

 

 

 

1,459

 

 

 

1,955

 

 

 

796

 

 

 

3,179

 

 

 

182

 

 

 

797

 

 

 

8,511

 

Total

 

$

13,908

 

 

$

1,151

 

 

$

6,731

 

 

$

6,621

 

 

$

5,875

 

 

$

31,692

 

 

$

1,068,008

 

 

$

15,892

 

 

$

1,149,878

 

Current-period gross charge-offs

 

$

 

 

$

30

 

 

$

166

 

 

$

89

 

 

$

45

 

 

$

166

 

 

$

3

 

 

$

17

 

 

$

516

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consumer

 

 

 

 

Loan delinquency:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Current

 

$

10,548

 

 

$

44,282

 

 

$

67,477

 

 

$

58,288

 

 

$

65,890

 

 

$

43,387

 

 

$

28,119

 

 

$

10

 

 

$

318,001

 

30-59 days past due

 

 

6

 

 

 

323

 

 

 

1,035

 

 

 

1,094

 

 

 

862

 

 

 

581

 

 

 

4

 

 

 

 

 

 

3,905

 

60-89 days past due

 

 

 

 

 

91

 

 

 

462

 

 

 

409

 

 

 

423

 

 

 

308

 

 

 

 

 

 

 

 

 

1,693

 

90 days or more past due

 

 

 

 

 

36

 

 

 

257

 

 

 

281

 

 

 

379

 

 

 

319

 

 

 

 

 

 

8

 

 

 

1,280

 

Total

 

$

10,554

 

 

$

44,732

 

 

$

69,231

 

 

$

60,072

 

 

$

67,554

 

 

$

44,595

 

 

$

28,123

 

 

$

18

 

 

$

324,879

 

Current-period gross charge-offs

 

$

1

 

 

$

230

 

 

$

634

 

 

$

478

 

 

$

556

 

 

$

375

 

 

$

7

 

 

$

 

 

$

2,281

 

 

 

 

Loans As of December 31, 2025

 

 

 

 

 

 

 

 

 

 

 

 

Amortized Cost Basis by Origination Year

 

 

 

 

 

 

 

 

 

 

(in thousands)

 

2025

 

 

2024

 

 

2023

 

 

2022

 

 

2021

 

 

Prior

 

 

Revolving Loans Amortized Cost Basis

 

 

Revolving Loans Converted to Term

 

 

Total

 

Commercial real estate: land and construction

 

 

 

 

Risk rating:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pass

 

$

376,564

 

 

$

427,548

 

 

$

293,344

 

 

$

113,269

 

 

$

56,846

 

 

$

73,874

 

 

$

160,549

 

 

$

246,266

 

 

$

1,748,260

 

Criticized - compromised

 

 

86

 

 

 

 

 

 

104

 

 

 

1,016

 

 

 

 

 

 

1,461

 

 

 

2,000

 

 

 

3,664

 

 

 

8,331

 

Classified - substandard

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

48

 

 

 

 

 

 

26,998

 

 

 

27,046

 

Classified - doubtful

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

$

376,650

 

 

$

427,548

 

 

$

293,448

 

 

$

114,285

 

 

$

56,846

 

 

$

75,383

 

 

$

162,549

 

 

$

276,928

 

 

$

1,783,637

 

Current-period gross charge-offs

 

$

 

 

$

 

 

$

 

 

$

 

 

$

 

 

$

 

 

$

 

 

$

 

 

$

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial real estate: improved property

 

 

 

 

Risk rating:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pass

 

$

1,095,343

 

 

$

552,084

 

 

$

565,203

 

 

$

1,434,869

 

 

$

870,120

 

 

$

2,903,510

 

 

$

213,380

 

 

$

1,078,167

 

 

$

8,712,676

 

Criticized - compromised

 

 

 

 

 

56,128

 

 

 

19,680

 

 

 

93,507

 

 

 

19,403

 

 

 

46,350

 

 

 

69

 

 

 

85,048

 

 

 

320,185

 

Classified - substandard

 

 

237

 

 

 

20,754

 

 

 

6,563

 

 

 

39,305

 

 

 

3,699

 

 

 

40,437

 

 

 

 

 

 

11,341

 

 

 

122,336

 

Classified - doubtful

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

$

1,095,580

 

 

$

628,966

 

 

$

591,446

 

 

$

1,567,681

 

 

$

893,222

 

 

$

2,990,297

 

 

$

213,449

 

 

$

1,174,556

 

 

$

9,155,197

 

Current-period gross charge-offs

 

$

 

 

$

 

 

$

112

 

 

$

7

 

 

$

142

 

 

$

4,221

 

 

$

 

 

$

35

 

 

$

4,517

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial

 

 

 

 

Risk rating:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pass

 

$

441,249

 

 

$

209,251

 

 

$

161,292

 

 

$

284,974

 

 

$

167,107

 

 

$

285,489

 

 

$

988,436

 

 

$

199,065

 

 

$

2,736,863

 

Criticized - compromised

 

 

160

 

 

 

5,211

 

 

 

3,453

 

 

 

20,461

 

 

 

5,770

 

 

 

7,984

 

 

 

37,689

 

 

 

3,824

 

 

 

84,552

 

Classified - substandard

 

 

27

 

 

 

3,077

 

 

 

5,200

 

 

 

5,988

 

 

 

3,816

 

 

 

8,410

 

 

 

6,701

 

 

 

9,259

 

 

 

42,478

 

Classified - doubtful

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

$

441,436

 

 

$

217,539

 

 

$

169,945

 

 

$

311,423

 

 

$

176,693

 

 

$

301,883

 

 

$

1,032,826

 

 

$

212,148

 

 

$

2,863,893

 

Current-period gross charge-offs

 

$

 

 

$

1,453

 

 

$

739

 

 

$

1,138

 

 

$

553

 

 

$

959

 

 

$

1,088

 

 

$

1,318

 

 

$

7,248

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Residential real estate

 

 

 

 

Loan delinquency:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Current

 

$

301,928

 

 

$

148,830

 

 

$

252,536

 

 

$

726,653

 

 

$

625,616

 

 

$

1,002,612

 

 

$

 

 

$

831,319

 

 

$

3,889,494

 

30-59 days past due

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

738

 

 

 

 

 

 

 

 

 

738

 

60-89 days past due

 

 

119

 

 

 

1,152

 

 

 

1,399

 

 

 

2,362

 

 

 

1,928

 

 

 

5,742

 

 

 

 

 

 

811

 

 

 

13,513

 

90 days or more past due

 

 

501

 

 

 

1,905

 

 

 

5,270

 

 

 

6,116

 

 

 

3,407

 

 

 

14,477

 

 

 

 

 

 

3,164

 

 

 

34,840

 

Total

 

$

302,548

 

 

$

151,887

 

 

$

259,205

 

 

$

735,131

 

 

$

630,951

 

 

$

1,023,569

 

 

$

 

 

$

835,294

 

 

$

3,938,585

 

Current-period gross charge-offs

 

$

 

 

$

62

 

 

$

173

 

 

$

602

 

 

$

29

 

 

$

528

 

 

$

 

 

$

71

 

 

$

1,465

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Home equity

 

 

 

 

Loan delinquency:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Current

 

$

13,731

 

 

$

3,717

 

 

$

3,194

 

 

$

3,665

 

 

$

1,852

 

 

$

22,200

 

 

$

1,042,133

 

 

$

16,160

 

 

$

1,106,652

 

30-59 days past due

 

 

177

 

 

 

728

 

 

 

324

 

 

 

729

 

 

 

141

 

 

 

2,126

 

 

 

5,427

 

 

 

286

 

 

 

9,938

 

60-89 days past due

 

 

11

 

 

 

713

 

 

 

812

 

 

 

990

 

 

 

253

 

 

 

1,171

 

 

 

110

 

 

 

102

 

 

 

4,162

 

90 days or more past due

 

 

55

 

 

 

1,256

 

 

 

1,932

 

 

 

1,253

 

 

 

596

 

 

 

2,628

 

 

 

76

 

 

 

846

 

 

 

8,642

 

Total

 

$

13,974

 

 

$

6,414

 

 

$

6,262

 

 

$

6,637

 

 

$

2,842

 

 

$

28,125

 

 

$

1,047,746

 

 

$

17,394

 

 

$

1,129,394

 

Current-period gross charge-offs

 

$

 

 

$

79

 

 

$

562

 

 

$

322

 

 

$

137

 

 

$

387

 

 

$

42

 

 

$

36

 

 

$

1,565

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consumer

 

 

 

 

Loan delinquency:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Current

 

$

54,554

 

 

$

74,906

 

 

$

65,337

 

 

$

74,538

 

 

$

24,333

 

 

$

24,369

 

 

$

27,857

 

 

$

33

 

 

$

345,927

 

30-59 days past due

 

 

319

 

 

 

1,234

 

 

 

1,435

 

 

 

1,621

 

 

 

553

 

 

 

545

 

 

 

412

 

 

 

 

 

 

6,119

 

60-89 days past due

 

 

82

 

 

 

533

 

 

 

471

 

 

 

436

 

 

 

140

 

 

 

160

 

 

 

 

 

 

 

 

 

1,822

 

90 days or more past due

 

 

97

 

 

 

258

 

 

 

504

 

 

 

503

 

 

 

157

 

 

 

339

 

 

 

 

 

 

 

 

 

1,858

 

Total

 

$

55,052

 

 

$

76,931

 

 

$

67,747

 

 

$

77,098

 

 

$

25,183

 

 

$

25,413

 

 

$

28,269

 

 

$

33

 

 

$

355,726

 

Current-period gross charge-offs

 

$

262

 

 

$

2,424

 

 

$

1,931

 

 

$

2,168

 

 

$

937

 

 

$

712

 

 

$

 

 

$

 

 

$

8,434

 

 

The following table summarizes other real estate owned and repossessed assets included in other assets:

 

 

March 31,

 

 

December 31,

 

(unaudited, in thousands)

 

2026

 

 

2025

 

Other real estate owned

 

$

1,007

 

 

$

618

 

Repossessed assets

 

 

316

 

 

 

289

 

Total other real estate owned and repossessed assets

 

$

1,323

 

 

$

907

 

 

Residential real estate loans included in other real estate owned totaled $1.0 million at March 31, 2026 and $0.6 million at December 31, 2025. At March 31, 2026 and December 31, 2025, formal foreclosure proceedings were in process on residential real estate loans totaling $15.3 million and $11.4 million, respectively.

v3.26.1
Investments in Limited Partnerships
3 Months Ended
Mar. 31, 2026
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Investments in Limited Partnerships

NOTE 5. INVESTMENTS IN LIMITED PARTNERSHIPS

Wesbanco is a limited partner in several tax-advantaged limited partnerships whose purpose is to invest in approved low-income housing investment tax credit projects. These investments are accounted for using the proportional amortization method of accounting and are included in other assets in the Consolidated Balance Sheets. The limited partnerships are considered to be VIEs as they generally do not have equity investors with voting rights or have equity investors that do not provide sufficient financial resources to support their activities. The VIEs have not been consolidated because Wesbanco is not considered the primary beneficiary. All of Wesbanco’s investments in limited partnerships are privately held, and their market values are not readily available. As of March 31, 2026 and December 31, 2025, Wesbanco had $80.7 million and $83.7 million, respectively, invested in these partnerships. Wesbanco also recognizes the unconditional unfunded equity commitments of $33.8 million and $37.5 million at March 31, 2026 and December 31, 2025, respectively, within other liabilities on the Consolidated Balance Sheets. Wesbanco classifies the amortization of the investment as a component of income tax expense (benefit) and proportionally amortizes the investment over the tax credit period. The amortization for the three months ended March 31, 2026 and 2025 was $3.1 million and $1.9 million, respectively. Tax benefits attributed to these partnerships include low-income housing and historic tax credits, which are projected to total $11.6 million for 2026, and totaled $9.9 million for 2025, which are also included in income tax expense.

Wesbanco is also a limited partner in three other limited partnerships as of March 31, 2026. These provide seed money and capital to startup companies, and financing to low-income housing projects. As of March 31, 2026 and December 31, 2025, Wesbanco had $4.3 million and $4.0 million, respectively, invested in these partnerships, which are recorded in other assets using the equity method. Wesbanco included in operations under the equity method of accounting its share of the partnerships’ net income for the three months ended March 31, 2026 and 2025 of $27 thousand and $5 thousand, respectively.

The following table presents the scheduled equity commitments to be paid to the limited partnerships over the next five years and in the aggregate thereafter as of March 31, 2026:

 

Year (unaudited, in thousands)

 

Amount

 

2026

 

$

12,584

 

2027

 

 

8,667

 

2028

 

 

6,015

 

2029

 

 

1,936

 

2030

 

 

1,588

 

2031 and thereafter

 

 

3,058

 

Total

 

$

33,848

 

v3.26.1
Derivatives and Hedging Activities
3 Months Ended
Mar. 31, 2026
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Derivatives and Hedging Activities

NOTE 6. DERIVATIVES AND HEDGING ACTIVITIES

Risk Management Objective of Using Derivatives

Wesbanco is exposed to certain risks arising from both its business operations and economic conditions. Wesbanco principally manages its exposures to a wide variety of business and operational risks through management of its core business activities. Wesbanco manages economic risks, including interest rate, liquidity, and credit risk, primarily by managing the amount, sources, and duration of its assets and liabilities. Wesbanco’s existing interest rate derivatives result from a service provided to certain qualifying customers and, therefore, are not used to manage interest rate risk in Wesbanco’s assets or liabilities. Wesbanco manages a matched book with respect to its derivative instruments in order to minimize its net risk exposure resulting from such transactions. A matched book is when the assets and liabilities of Wesbanco Bank, Inc., Wesbanco's banking subsidiary (the "Bank") are equally distributed but also have similar maturities.

Loan Swaps

Wesbanco executes interest rate swaps and interest rate caps with commercial banking customers to facilitate their respective risk management strategies. Those interest rate swaps and caps are economically hedged by offsetting interest rate swaps and caps that Wesbanco executes with a third party, such that Wesbanco minimizes its net risk exposure resulting from such transactions. As the interest rate swaps and caps associated with this program do not meet the hedge accounting requirements of ASC 815, changes in the fair value of both the customer swaps and caps and the offsetting third-party swaps and caps are recognized directly in earnings. As of March 31, 2026 and December 31, 2025, Wesbanco had 373 and 368 customer interest rate swaps and caps, respectively, with an aggregate notional amount of $2.6 billion related to this program. Wesbanco recognized income for the related swap and cap fees of $1.2 million and $2.0 million for the three months ended March 31, 2026 and 2025, respectively.

Risk participation agreements are entered into as financial guarantees of performance on interest rate swap derivatives. The purchased asset or sold liability allows Wesbanco to participate-in (fee received) or participate-out (fee paid) the risk associated with certain derivative positions executed by the borrower of the lead bank in a loan syndication. As of March 31, 2026 and December 31, 2025, Wesbanco had 25 and 26 risk participation-in agreements with an aggregate notional amount of $241.6 million and $271.8 million, respectively. As of March 31, 2026 and December 31, 2025, Wesbanco had nine risk participation-out agreements with an aggregate notional amount of $89.3 million and $89.5 million, respectively.

Mortgage Loans Held for Sale and Interest Rate Lock Commitments

Certain residential mortgage loans are originated for sale in the secondary mortgage loan market. These loans are classified as held for sale and carried at fair value as Wesbanco has elected the fair value option. Fair value is determined based on rates obtained from the secondary market for loans with similar characteristics. Wesbanco sells loans to the secondary market on either a mandatory or best efforts basis. The loans sold on a mandatory basis are not committed to an investor until the loan is closed with the borrower. Wesbanco enters into forward to be announced (“TBA”) contracts to manage the interest rate risk between the lock commitment and the closing of the loan. The total balance of forward TBA contracts entered into was $92.1 million and $91.0 million at March 31, 2026 and December 31, 2025, respectively. The loans sold on a best efforts basis are committed to an investor simultaneous to the interest rate commitment with the borrower, and as a result, the Company does not enter into a separate forward TBA contract to offset the fair value risk as the investor accepts such risk in exchange for paying a lower premium on sale.

Fair Values of Derivative Instruments on the Balance Sheet

All derivatives are carried on the consolidated balance sheet at fair value. Derivative assets are classified in the consolidated balance sheet under other assets, and derivative liabilities are classified in the consolidated balance sheet under other liabilities. Changes in fair value are recognized in earnings. None of Wesbanco’s derivatives are designated in a qualifying hedging relationship under ASC 815.

The table below presents the fair value of Wesbanco’s derivative financial instruments as well as their classification on the Balance Sheet as of March 31, 2026 and December 31, 2025:

 

 

 

March 31, 2026

 

 

December 31, 2025

 

(unaudited, in thousands)

 

Notional or
Contractual
Amount

 

 

Asset
Derivatives

 

 

Liability
Derivatives

 

 

Notional or
Contractual
Amount

 

 

Asset
Derivative
s

 

 

Liability
Derivatives

 

Derivatives

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loan Swaps:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest rate swaps and caps

 

$

2,574,932

 

 

$

55,409

 

 

$

56,559

 

 

$

2,612,677

 

 

$

63,144

 

 

$

64,181

 

Other contracts:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest rate lock commitments

 

 

35,811

 

 

 

690

 

 

 

 

 

 

27,615

 

 

 

692

 

 

 

 

Forward TBA contracts

 

 

92,093

 

 

 

693

 

 

 

 

 

 

91,000

 

 

 

 

 

 

213

 

Total derivatives

 

 

 

 

$

56,792

 

 

$

56,559

 

 

 

 

 

$

63,836

 

 

$

64,394

 

 

Effect of Derivative Instruments on the Income Statement

The table below presents the change in the fair value of the Company’s derivative financial instruments reflected within non-interest income on the consolidated income statement for the three months ended March 31, 2026 and 2025, respectively.

 

 

 

 

For the Three Months
Ended March 31,

 

(unaudited, in thousands)

Location of Gain/(Loss)

 

2026

 

 

2025

 

Interest rate swaps and caps

Net swap fee and valuation income

 

$

(112

)

 

$

(1,009

)

Interest rate lock commitments

Mortgage banking income

 

 

(2

)

 

 

1,259

 

Forward TBA contracts

Mortgage banking income

 

 

485

 

 

 

(498

)

Total

 

 

$

371

 

 

$

(248

)

 

Credit-risk-related Contingent Features

Wesbanco has agreements with its derivative counterparties that contain a provision, which provides that if Wesbanco defaults on any of its indebtedness, including default where repayment of the indebtedness has not been accelerated by the lender, then Wesbanco could also be declared in default on its derivative obligations.

Wesbanco also has agreements with certain of its derivative counterparties that contain a provision where if Wesbanco fails to maintain its status as either a “well” or “adequately-capitalized” institution, then the counterparty could terminate the derivative positions and Wesbanco would be required to settle its obligations under the agreements.

Dependent upon the net present value of the underlying swaps, Wesbanco has minimum collateral posting thresholds with certain of its derivative counterparties. Wesbanco was holding net cash collateral from various derivative counterparties totaling $4.9 million within interest bearing deposit accounts as of March 31, 2026, while Wesbanco had posted net cash collateral with a market value of $16.0 million as of December 31, 2025. If Wesbanco had breached any of these provisions at March 31, 2026, it could have been required to settle its obligations under the agreements at the termination value and would have been required to pay any additional amounts due in excess of amounts previously posted as collateral with the respective counterparties.

v3.26.1
Benefit Plans
3 Months Ended
Mar. 31, 2026
Retirement Benefits [Abstract]  
Benefit Plans

NOTE 7. BENEFIT PLANS

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)

 

2026

 

 

2025

 

Service cost – benefits earned during year

 

$

228

 

 

$

264

 

Interest cost on projected benefit obligation

 

 

741

 

 

 

758

 

Expected return on plan assets

 

 

(1,663

)

 

 

(1,585

)

Amortization of prior service cost

 

 

(9

)

 

 

(9

)

Amortization of net (gain) loss

 

 

(161

)

 

 

(48

)

Net periodic pension income

 

$

(864

)

 

$

(620

)

 

The service cost of $0.2 million and $0.3 million for the three months ended March 31, 2026 and 2025, respectively, is included in salaries and wages, and periodic pension income of $1.1 million and $0.9 million for the three months ended March 31, 2026 and 2025, is included in employee benefits.

The Plan covers all employees of Wesbanco and its subsidiaries who were hired on or before August 1, 2007 who satisfy minimum age and length of service requirements, and is not available to employees hired after such date.

 

A minimum required contribution of $2.9 million is due in 2026, which can be offset in whole or in part by the Plan's $67.4 million available credit balance. Wesbanco currently does not expect to make a voluntary contribution to the Plan in 2026.

v3.26.1
Fair Value Measurement
3 Months Ended
Mar. 31, 2026
Fair Value Disclosures [Abstract]  
Fair Value Measurement

NOTE 8. FAIR VALUE MEASUREMENT

Fair value estimates are based on quoted market prices, if available, quoted market prices of similar assets or liabilities, or the present value of expected future cash flows and other valuation techniques. These valuations are significantly affected by discount rates, cash flow assumptions, and risk assumptions used. Therefore, fair value estimates may not be substantiated by comparison to independent markets and are not intended to reflect the proceeds that may be realizable in an immediate settlement of the instruments.

Fair value is determined at one point in time and is not representative of future value. These amounts do not reflect the total value of a going concern organization. Management does not have the intention to dispose of a significant portion of its assets and liabilities, and therefore the unrealized gains or losses should not be interpreted as a forecast of future earnings and cash flows.

The following is a discussion of assets and liabilities measured at fair value on a recurring basis and valuation techniques applied:

Investment securities: The fair value of investment securities which are measured on a recurring basis are determined primarily by obtaining quoted prices on nationally recognized securities exchanges or matrix pricing, which is a mathematical technique used widely in the industry to value debt securities without relying exclusively on quoted prices for the specific securities but rather by relying on the securities’ relationship to other similar securities. These securities are classified within level 1 or 2 in the fair value hierarchy. Positions that are not traded in active markets for which valuations are generated using assumptions not observable in the market or management’s best estimate are classified within level 3 of the fair value hierarchy. This includes certain specific municipal debt issues for which the credit quality and discount rate must be estimated.

Loans held for sale: Loans held for sale are carried, in aggregate, at fair value as Wesbanco previously elected the fair value option. The use of a valuation model using quoted prices of similar instruments are significant inputs in arriving at the fair value and therefore loans held for sale are classified within level 2 of the fair value hierarchy.

Derivatives: Wesbanco enters into interest rate swap agreements with qualifying commercial customers to meet their financing, interest rate and other risk management needs. These agreements provide the customer the ability to convert from variable to fixed interest rates. The credit risk associated with derivatives executed with customers is essentially the same as that involved in extending loans and is subject to normal credit policies and monitoring. Those interest rate swaps are economically hedged by offsetting interest rate swaps that Wesbanco executes with derivative counterparties in order to offset its exposure on the fixed components of the customer interest rate swap agreements. The interest rate swap agreement with the loan customer and with the counterparty is reported at fair value in other assets and other liabilities on the consolidated balance sheet with any resulting gain or loss recorded in current period earnings as other income and other expense.

Wesbanco enters into forward TBA contracts to manage the interest rate risk between the loan commitments to the customer and the closing of the loan for loans that will be sold on a mandatory basis to secondary market investors. The forward TBA contract is reported at fair value in other assets and other liabilities on the consolidated balance sheet with any resulting gain or loss recorded in current period’s earnings as mortgage banking income.

Wesbanco determines the fair value for derivatives using widely accepted valuation techniques including discounted cash flow analysis on the expected cash flows of each derivative. This analysis reflects contractual terms of the derivative, including the period to maturity, and uses observable market-based inputs, including interest rate curves and implied volatilities. Wesbanco incorporates credit valuation adjustments to appropriately reflect both its own non-performance risk and the respective counterparty’s non-performance risk in the fair value measurements, and therefore both the derivative asset and derivative liability are classified within level 2 of the fair value hierarchy.

We may be required from time to time to measure certain assets and liabilities at fair value on a nonrecurring basis in accordance with GAAP. These adjustments to fair value usually result from the application of lower of cost or market accounting or write-downs of individual assets and liabilities.

Collateral dependent loans: Collateral dependent loans are carried at the amortized cost basis less the specific allowance calculated under the Current Expected Credit Losses Accounting Standard. Collateral dependent loans are calculated using a cost basis approach or collateral value approach, and therefore are classified within level 3 of the fair value hierarchy.

Other real estate owned and repossessed assets: Other real estate owned and repossessed assets are carried at the lower of the investment in the assets or the fair value of the assets less estimated selling costs. The use of independent appraisals and management’s best judgment are significant inputs in arriving at the fair value measure of the underlying collateral, and therefore other real estate owned and repossessed assets are classified within level 3 of the fair value hierarchy.

The fair value amounts presented in the tables below are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the statement of financial position. The following tables set forth Wesbanco’s financial assets and liabilities that were accounted for at fair value on a recurring and nonrecurring basis by level within the fair value hierarchy as of March 31, 2026 and December 31, 2025:

 

 

 

 

 

 

March 31, 2026

 

 

 

 

 

 

Fair Value Measurements Using:

 

 

 

March 31,

 

 

Quoted Prices in
Active Markets
for Identical
Assets

 

 

Significant
Other
Observable
Inputs

 

 

Significant
Unobservable
Inputs

 

(unaudited, in thousands)

 

2026

 

 

(level 1)

 

 

(level 2)

 

 

(level 3)

 

Recurring fair value measurements

 

 

 

 

 

 

 

 

 

 

 

 

Equity securities

 

$

30,256

 

 

$

30,256

 

 

$

 

 

$

 

Available-for-sale debt securities

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Treasury

 

 

196,415

 

 

 

196,415

 

 

 

 

 

 

 

U.S. Government sponsored entities and agencies

 

 

217,395

 

 

 

 

 

 

217,395

 

 

 

 

Residential mortgage-backed securities and collateralized mortgage obligations of government sponsored entities and agencies

 

 

2,634,462

 

 

 

 

 

 

2,634,462

 

 

 

 

Commercial mortgage-backed securities and collateralized mortgage obligations of government sponsored entities and agencies

 

 

57,971

 

 

 

 

 

 

57,971

 

 

 

 

Asset backed securities

 

 

66,908

 

 

 

 

 

 

66,908

 

 

 

 

Obligations of states and political subdivisions

 

 

76,320

 

 

 

 

 

 

74,090

 

 

 

2,230

 

Corporate debt securities

 

 

48,766

 

 

 

 

 

 

48,766

 

 

 

 

Total available-for-sale debt securities

 

$

3,298,237

 

 

$

196,415

 

 

$

3,099,592

 

 

$

2,230

 

Loans held for sale

 

 

59,281

 

 

 

 

 

 

59,281

 

 

 

 

Other assets - interest rate swaps

 

 

55,409

 

 

 

 

 

 

55,409

 

 

 

 

Total assets recurring fair value measurements

 

$

3,443,183

 

 

$

226,671

 

 

$

3,214,282

 

 

$

2,230

 

Other liabilities - interest rate swaps

 

$

56,559

 

 

$

 

 

$

56,559

 

 

$

 

Total liabilities recurring fair value measurements

 

$

56,559

 

 

$

 

 

$

56,559

 

 

$

 

Nonrecurring fair value measurements

 

 

 

 

 

 

 

 

 

 

 

 

Collateral dependent loans

 

$

18,191

 

 

$

 

 

$

 

 

$

18,191

 

Other real estate owned and repossessed assets

 

 

1,323

 

 

 

 

 

 

 

 

 

1,323

 

Total nonrecurring fair value measurements

 

$

19,514

 

 

$

 

 

$

 

 

$

19,514

 

 

 

 

 

 

 

 

December 31, 2025

 

 

 

 

 

 

Fair Value Measurements Using:

 

 

 

December 31,

 

 

Quoted Prices in
Active Markets
for Identical
Assets

 

 

Significant
Other
Observable
Inputs

 

 

Significant
Unobservable
Inputs

 

(in thousands)

 

2025

 

 

(level 1)

 

 

(level 2)

 

 

(level 3)

 

Recurring fair value measurements

 

 

 

 

 

 

 

 

 

 

 

 

Equity securities

 

$

30,809

 

 

$

30,809

 

 

$

 

 

$

 

Available-for-sale debt securities:

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Treasury

 

 

196,857

 

 

 

196,857

 

 

 

 

 

 

 

U.S. Government sponsored entities and agencies

 

 

222,997

 

 

 

 

 

 

222,997

 

 

 

 

Residential mortgage-backed securities and collateralized
   mortgage obligations of government sponsored
   entities and agencies

 

 

2,610,448

 

 

 

 

 

 

2,610,448

 

 

 

 

Commercial mortgage-backed securities and collateralized
   mortgage obligations of government sponsored entities
   and agencies

 

 

63,615

 

 

 

 

 

 

63,615

 

 

 

 

Asset backed securities

 

 

68,935

 

 

 

 

 

 

68,935

 

 

 

 

Obligations of state and political subdivisions

 

 

73,188

 

 

 

 

 

 

70,903

 

 

 

2,285

 

Corporate debt securities

 

 

52,292

 

 

 

 

 

 

52,292

 

 

 

 

Total available-for-sale debt securities

 

$

3,288,332

 

 

$

196,857

 

 

$

3,089,190

 

 

$

2,285

 

Loans held for sale

 

 

87,454

 

 

 

 

 

 

87,454

 

 

 

 

Other assets—interest rate derivatives agreements

 

 

63,144

 

 

 

 

 

 

63,144

 

 

 

 

Total assets recurring fair value measurements

 

$

3,469,739

 

 

$

227,666

 

 

$

3,239,788

 

 

$

2,285

 

Other liabilities—interest rate derivatives agreements

 

$

64,181

 

 

$

 

 

$

64,181

 

 

$

 

Total liabilities recurring fair value measurements

 

$

64,181

 

 

$

 

 

$

64,181

 

 

$

 

Nonrecurring fair value measurements

 

 

 

 

 

 

 

 

 

 

 

 

Collateral dependent loans

 

$

20,400

 

 

$

 

 

$

 

 

$

20,400

 

Other real estate owned and repossessed assets

 

 

907

 

 

 

 

 

 

 

 

 

907

 

Total nonrecurring fair value measurements

 

$

21,307

 

 

$

 

 

$

 

 

$

21,307

 

 

Wesbanco’s policy is to recognize transfers between levels as of the actual date of the event or change in circumstances that caused the transfer. There were no transfers between level 1, 2 or 3 for the three months ended March 31, 2026 or for the year ended December 31, 2025.

The following table presents additional quantitative information about assets measured at fair value on a nonrecurring basis and for which Wesbanco has utilized level 3 inputs to determine fair value:

 

 

 

Quantitative Information about Level 3 Fair Value Measurements

 

 

Fair Value

 

 

Valuation

 

Unobservable

 

Range (Weighted

(unaudited, in thousands)

 

Estimate

 

 

Techniques

 

Input

 

Average)

March 31, 2026

 

 

 

 

 

 

 

 

 

Collateral dependent loans

 

$

18,191

 

 

Appraisal of collateral (1)

 

Appraisal adjustments (2)

 

(0.0%)-(31.9%)/(9.4%)

 

 

 

 

 

 

 

Liquidation expenses (2)

 

(7.2%)-(10.5%)/(9.5%)

Other real estate owned and repossessed assets

 

$

1,323

 

 

Appraisal of collateral (1), (3)

 

 

December 31, 2025

 

 

 

 

 

 

 

 

 

Collateral dependent loans

 

$

20,400

 

 

Appraisal of collateral (1)

 

Appraisal adjustments (2)

 

0.0%-(20.8%)/(7.3%)

 

 

 

 

 

 

 

Liquidation expenses (2)

 

(8.2%)-(10.5%)/(9.7%)

Other real estate owned and repossessed assets

 

$

907

 

 

Appraisal of collateral (1), (3)

 

 

 

(1)
Fair value is generally determined through independent appraisals of the underlying collateral, which generally include various level 3 inputs, which are not identifiable.
(2)
Appraisals may be adjusted by management for qualitative factors such as economic conditions and estimated liquidation expenses. The range and weighted average of appraisal adjustments and liquidation expense are presented as a percent of the appraisal.
(3)
Includes estimated liquidation expenses and numerous dissimilar qualitative adjustments by management, which are not identifiable.

The estimated fair values of Wesbanco’s financial instruments are summarized below:

 

 

 

 

 

 

 

 

 

Fair Value Measurements at

 

 

 

 

 

 

 

 

 

March 31, 2026

 

 

 

Carrying

 

 

Fair Value

 

 

Quoted Prices in
Active Markets
for Identical
Assets

 

 

Significant
Other
Observable
Inputs

 

 

Significant
Unobservable
Inputs

 

(unaudited, in thousands)

 

Amount

 

 

Estimate

 

 

(level 1)

 

 

(level 2)

 

 

(level 3)

 

Financial Assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash and due from banks

 

$

960,410

 

 

$

960,410

 

 

$

960,410

 

 

$

 

 

$

 

Equity securities

 

 

30,256

 

 

 

30,256

 

 

 

30,256

 

 

 

 

 

 

 

Available-for-sale debt securities

 

 

3,298,237

 

 

 

3,298,237

 

 

 

196,415

 

 

 

3,099,592

 

 

 

2,230

 

Net held-to-maturity debt securities

 

 

1,120,446

 

 

 

1,011,303

 

 

 

 

 

 

1,011,167

 

 

 

136

 

Net loans

 

 

18,872,658

 

 

 

18,635,203

 

 

 

 

 

 

 

 

 

18,635,203

 

Loans held for sale

 

 

59,281

 

 

 

59,281

 

 

 

 

 

 

59,281

 

 

 

 

Other assets - interest rate derivatives

 

 

55,409

 

 

 

55,409

 

 

 

 

 

 

55,409

 

 

 

 

Accrued interest receivable

 

 

105,288

 

 

 

105,288

 

 

 

105,288

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Financial Liabilities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Deposits

 

 

21,668,274

 

 

 

21,654,043

 

 

 

18,938,970

 

 

 

2,715,073

 

 

 

 

Federal Home Loan Bank borrowings

 

 

975,000

 

 

 

975,373

 

 

 

 

 

 

975,373

 

 

 

 

Other borrowings

 

 

114,068

 

 

 

107,454

 

 

 

107,454

 

 

 

 

 

 

 

Subordinated debt and junior subordinated debt

 

 

308,683

 

 

 

294,498

 

 

 

 

 

 

294,498

 

 

 

 

Other liabilities - interest rate derivatives

 

 

56,559

 

 

 

56,559

 

 

 

 

 

 

56,559

 

 

 

 

Accrued interest payable

 

 

19,917

 

 

 

19,917

 

 

 

19,917

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fair Value Measurements at

 

 

 

 

 

 

 

 

 

December 31, 2025

 

 

 

Carrying

 

 

Fair Value

 

 

Quoted Prices in
Active Markets
for Identical
Assets

 

 

Significant
Other
Observable
Inputs

 

 

Significant
Unobservable
Inputs

 

(in thousands)

 

Amount

 

 

Estimate

 

 

(level 1)

 

 

(level 2)

 

 

(level 3)

 

Financial Assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash and due from banks

 

$

956,109

 

 

$

956,109

 

 

$

956,109

 

 

$

 

 

$

 

Equity securities

 

 

30,809

 

 

 

30,809

 

 

 

30,809

 

 

 

 

 

 

 

Available-for-sale debt securities

 

 

3,288,332

 

 

 

3,288,332

 

 

 

196,857

 

 

 

3,089,190

 

 

 

2,285

 

Net held-to-maturity debt securities

 

 

1,131,946

 

 

 

1,035,957

 

 

 

 

 

 

1,035,821

 

 

 

136

 

Net loans

 

 

19,007,683

 

 

 

18,563,341

 

 

 

 

 

 

 

 

 

18,563,341

 

Loans held for sale

 

 

87,454

 

 

 

87,454

 

 

 

 

 

 

87,454

 

 

 

 

Other assets—interest rate derivatives

 

 

63,144

 

 

 

63,144

 

 

 

 

 

 

63,144

 

 

 

 

Accrued interest receivable

 

 

106,651

 

 

 

106,651

 

 

 

106,651

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Financial Liabilities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Deposits

 

 

21,668,840

 

 

 

21,657,121

 

 

 

18,793,468

 

 

 

2,863,653

 

 

 

 

Federal Home Loan Bank borrowings

 

 

1,200,000

 

 

 

1,200,761

 

 

 

 

 

 

1,200,761

 

 

 

 

Other borrowings

 

 

110,679

 

 

 

105,240

 

 

 

105,240

 

 

 

 

 

 

 

Subordinated debt and junior subordinated debt

 

 

308,529

 

 

 

298,974

 

 

 

 

 

 

298,974

 

 

 

 

Other liabilities—interest rate derivatives

 

 

64,181

 

 

 

64,181

 

 

 

 

 

 

64,181

 

 

 

 

Accrued interest payable

 

 

19,150

 

 

 

19,150

 

 

 

19,150

 

 

 

 

 

 

 

 

The following methods and assumptions were used to measure the fair value of financial instruments recorded at cost on Wesbanco’s consolidated balance sheets:

Cash and due from banks: The carrying amount for cash and due from banks is a reasonable estimate of fair value.

Held-to-maturity debt securities: Fair values for debt securities held-to-maturity are determined in the same manner as investment securities, which are described above. The carrying value is net of the allowance for credit losses on held-to-maturity debt securities.

Net loans: Fair values for loans are estimated in a valuation model using a discounted cash flow methodology. The discount rates take into account interest rates currently being offered to customers for loans with similar terms, the credit risk associated with the loan and other market factors, including liquidity. Wesbanco believes the discount rates are consistent with transactions occurring in the marketplace for both performing and distressed loan types. The carrying value is net of the allowance for loan losses and other associated premiums and discounts. Due to the significant judgment involved in evaluating credit quality, loans are classified within level 3 of the fair value hierarchy.

Accrued interest receivable: The carrying amount of accrued interest receivable approximates its fair value.

Deposits: The carrying amount is considered a reasonable estimate of fair value for demand, savings and other variable rate deposit accounts. The fair value of fixed maturity certificates of deposit is estimated by a discounted cash flow method using rates currently offered for deposits of similar remaining maturities.

Federal Home Loan Bank borrowings: The fair value of FHLB borrowings is based on rates currently available to Wesbanco for borrowings with similar terms and remaining maturities.

Other borrowings: The carrying amount of federal funds purchased and overnight sweep accounts generally approximate fair value. Other repurchase agreements are based on quoted market prices if available. If market prices are not available, for certain fixed and adjustable rate repurchase agreements, then quoted market prices of similar instruments are used.

Subordinated debt and junior subordinated debt: The fair value of subordinated debt is determined primarily by obtaining quoted prices on nationally recognized securities exchanges or matrix pricing, which is a mathematical technique used widely in the industry to value debt securities without relying exclusively on quoted prices for the specific securities but rather by relying on the securities’ relationship to other similar securities. These securities are classified within level 2 in the fair value hierarchy. Due to the pooled nature of junior subordinated debt owed to unconsolidated subsidiary trusts, which are not actively traded, estimated fair value is determined by using comparable corporate bond indices and swap rates from the financial services sector and factoring in the applicable credit spreads and optional early redemption provisions.

Accrued interest payable: The carrying amount of accrued interest payable approximates its fair value.

Off-balance sheet financial instruments: Off-balance sheet financial instruments consist of commitments to extend credit, including letters of credit. Fair values for commitments to extend credit are estimated using the fees currently charged to enter into similar agreements, taking into account the remaining terms of the agreements and the present credit standing of the counterparties. The estimated fair value of the commitments to extend credit and letters of credit are insignificant and therefore are not presented in the above tables.

v3.26.1
Revenue Recognition
3 Months Ended
Mar. 31, 2026
Revenue Recognition [Abstract]  
Revenue Recognition

NOTE 9. REVENUE RECOGNITION

Interest income, net securities gains and bank-owned life insurance are not in scope of ASC 606, Revenue from Contracts with Customers. For the revenue streams in scope of ASC 606 - trust fees, service charges on deposits, net securities brokerage revenue, payment processing fees, digital banking income, net swap fee and valuation income, mortgage banking income and net gain on other real estate owned and other assets – there are no significant judgments related to the amount and timing of revenue recognition.

The following table summarizes the point of revenue recognition and the income recognized for each of the revenue streams for the three months ended March 31, 2026 and 2025, respectively:

 

 

 

Point of Revenue

 

For the Three Months
Ended March 31,

 

(unaudited, in thousands)

 

Recognition

 

2026

 

 

2025

 

Revenue Streams

 

 

 

 

 

 

Trust fees

 

 

 

 

 

 

 

 

Trust account fees

 

Over time

 

$

8,350

 

 

$

6,673

 

WesMark fees

 

Over time

 

 

2,092

 

 

 

2,024

 

Total trust fees

 

 

 

 

10,442

 

 

 

8,697

 

Service charges on deposits

 

 

 

 

 

 

 

 

Commercial banking fees

 

Over time

 

 

2,617

 

 

 

1,937

 

Personal service charges

 

At a point in time and over time

 

 

8,344

 

 

 

6,650

 

Total service charges on deposits

 

 

 

 

10,961

 

 

 

8,587

 

Net securities brokerage revenue

 

 

 

 

 

 

 

 

Annuity commissions

 

At a point in time

 

 

2,297

 

 

 

1,987

 

Equity and debt security trades

 

At a point in time

 

 

160

 

 

 

124

 

Managed money

 

Over time

 

 

633

 

 

 

327

 

Trail commissions

 

Over time

 

 

382

 

 

 

262

 

Total net securities brokerage revenue

 

 

 

 

3,472

 

 

 

2,701

 

 

 

 

 

 

 

 

 

 

Payment processing fees (1)

 

At a point in time and over time

 

 

871

 

 

 

891

 

Digital banking income

 

At a point in time

 

 

6,599

 

 

 

5,404

 

Net swap fee and valuation income (2)

 

At a point in time

 

 

1,062

 

 

 

961

 

Mortgage banking income

 

At a point in time

 

 

919

 

 

 

1,140

 

Net gain/(loss) on other real estate owned and other assets

 

At a point in time and over time

 

 

546

 

 

 

(40

)

 

(1)
Included in other non-interest income.
(2)
The portion of this line item relating to the change in the fair value of the underlying swaps is not within the scope of ASC 606, and totaled fair value adjustments of ($0.1) million and ($1.0) million for the three months ended March 31, 2026 and 2025, respectively.
v3.26.1
Comprehensive Income/(Loss)
3 Months Ended
Mar. 31, 2026
Equity [Abstract]  
Comprehensive Income/(Loss)

NOTE 10. COMPREHENSIVE INCOME/(LOSS)

The activity in accumulated other comprehensive income/(loss) for the three months ended March 31, 2026 and 2025 is as follows:

 

 

 

Accumulated Other Comprehensive Income/(Loss) (1)

 

(unaudited, in thousands)

 

Defined
Benefit
Plans

 

 

Unrealized
Gains (Losses)
on Debt Securities
Available-for-Sale

 

 

Total

 

Balance at December 31, 2025

 

$

6,584

 

 

$

(139,904

)

 

$

(133,320

)

Other comprehensive income before reclassifications

 

 

 

 

 

(13,379

)

 

 

(13,379

)

Amounts reclassified from accumulated other comprehensive income

 

 

(227

)

 

 

(269

)

 

 

(496

)

Period change

 

 

(227

)

 

 

(13,648

)

 

 

(13,875

)

Balance at March 31, 2026

 

$

6,357

 

 

$

(153,552

)

 

$

(147,195

)

 

 

 

 

 

 

 

 

 

 

Balance at December 31, 2024

 

$

5,124

 

 

$

(223,756

)

 

$

(218,632

)

Other comprehensive income before reclassifications

 

 

 

 

 

28,136

 

 

 

28,136

 

Amounts reclassified from accumulated other comprehensive income

 

 

(128

)

 

 

(86

)

 

 

(214

)

Period change

 

 

(128

)

 

 

28,050

 

 

 

27,922

 

Balance at March 31, 2025

 

$

4,996

 

 

$

(195,706

)

 

$

(190,710

)

 

(1)
All amounts are net of tax. Related income tax expense or benefit is calculated using a combined Federal and State income tax rate approximating 24% in both periods presented.

The following table provides details about amounts reclassified from accumulated other comprehensive income for the three months ended March 31, 2026 and 2025:

 

Details about Accumulated Other Comprehensive
Income/(Loss) Components

For the Three Months
Ended March 31,

 

 

 

Affected Line Item in the Statement
of Comprehensive Income

(unaudited, in thousands)

2026

 

 

2025

 

 

 

 

Debt securities available-for-sale (1):

 

 

 

 

 

 

 

 

Net securities gains reclassified into earnings

$

(37

)

 

$

(40

)

 

 

Net securities gains/(losses) (Non-interest income)

Related income tax effect ⁽²⁾

 

11

 

 

 

12

 

 

 

Provision for income taxes

        Amortization of state tax rate change reclassified into earnings

 

(243

)

 

 

(58

)

 

 

Provision for income taxes

Net effect on accumulated other comprehensive
   income for the period

 

(269

)

 

 

(86

)

 

 

 

 

 

 

 

 

 

 

 

 

Defined benefit plans (3):

 

 

 

 

 

 

 

 

Amortization of net gain and prior service costs

 

(295

)

 

 

(172

)

 

 

Employee benefits (Non-interest expense)

Related income tax effect ⁽²⁾

 

68

 

 

 

44

 

 

 

Provision for income taxes

Net effect on accumulated other comprehensive
   income for the period

 

(227

)

 

 

(128

)

 

 

 

Total reclassifications for the period

$

(496

)

 

$

(214

)

 

 

 

 

(1)
For additional detail related to unrealized gains on securities and related amounts reclassified from accumulated other comprehensive income, see Note 4, “Securities.”
(2)
Income tax expense or benefit is calculated using a combined Federal and State income tax rate approximating 24% in both periods presented.
(3)
Included in the computation of net periodic pension cost. See Note 7, “Benefit Plans” for additional detail.
v3.26.1
Commitments and Contingent Liabilities
3 Months Ended
Mar. 31, 2026
Commitments and Contingencies Disclosure [Abstract]  
Commitments and Contingent Liabilities

NOTE 11. COMMITMENTS AND CONTINGENT LIABILITIES

Commitments — In the normal course of business, Wesbanco offers off-balance sheet credit arrangements to enable its customers to meet their financing objectives. Those instruments involve, to varying degrees, elements of credit and interest rate risk in excess of the amount recognized in the financial statements. Wesbanco’s exposure to credit losses in the event of non-performance by the other parties to the financial instruments for commitments to extend credit and standby letters of credit is limited to the contractual amount of those instruments. Wesbanco uses the same credit policies in making commitments and conditional obligations as for all other lending. Commitments generally have fixed expiration dates or other termination clauses and may require payment of a fee. Since many of the commitments are expected to expire without being drawn upon, the total commitment amounts do not necessarily represent future cash requirements. The allowance for credit losses associated with commitments was $7.2 million and $7.0 million at March 31, 2026 and December 31, 2025, respectively, and is included in other liabilities on the Consolidated Balance Sheets.

Letters of credit are conditional commitments issued by banks to guarantee the performance of a customer to a third party. Those guarantees are primarily issued to support public and private borrowing arrangements, including normal business activities, bond financing and similar transactions. Letters of credit are considered guarantees. The liability associated with letters of credit was $0.4 million as of both March 31, 2026 and December 31, 2025.

Contingent obligations to purchase loans funded by other entities include credit card guarantees, loans sold with recourse as well as obligations to the FHLB. Credit card guarantees are credit card balances not owned by Wesbanco, whereby the Bank guarantees the performance of the cardholder.

The following table presents total commitments to extend credit, guarantees and various letters of credit outstanding:

 

 

 

March 31,

 

 

December 31,

 

(unaudited, in thousands)

 

2026

 

 

2025

 

Lines of credit

 

$

5,296,647

 

 

$

5,231,344

 

Loans approved but not closed

 

 

612,527

 

 

 

469,694

 

Overdraft limits

 

 

562,486

 

 

 

556,063

 

Letters of credit

 

 

61,167

 

 

 

56,030

 

Contingent obligations and other guarantees

 

 

32,379

 

 

 

36,179

 

 

Contingent Liabilities — Wesbanco is a party to various legal and administrative proceedings and claims. While any litigation contains an element of uncertainty, management does not believe that a material loss related to such proceedings or claims pending or known to be threatened is reasonably possible.

v3.26.1
Business Segments
3 Months Ended
Mar. 31, 2026
Segment Reporting [Abstract]  
Business Segments

NOTE 12. BUSINESS SEGMENTS

Wesbanco operates two reportable segments: community banking and trust and investment services. Wesbanco’s community banking segment offers a wide range of banking products and services through various delivery channels and business units, including commercial demand, individual demand and time deposit accounts; commercial, mortgage and individual installment loans, and certain non-traditional offerings, such as insurance and securities brokerage services. For purposes of determining the community banking reportable segment, these lines of business are aggregated, in accordance with the review of the Chief Operating Decision Maker ("CODM"). The trust and investment services segment offers trust services as well as various alternative investment products, including mutual funds, and also serves as investment adviser to a family of mutual funds called the “WesMark Funds.” The fund family is comprised of the WesMark Large Company Fund, the WesMark Balanced Fund, the WesMark Small Company Fund, the WesMark Government Bond Fund, the WesMark West Virginia Municipal Bond Fund, and the WesMark Tactical Opportunity Fund. Corporate support functions, which are generally all attributable to the parent company, do not represent a reportable segment and are presented within Corporate Other for purposes of reconciling to the consolidated financials. All of Wesbanco’s revenue is derived from domestic operations, and Wesbanco has no major customers providing greater than 10% of total segment revenue. Wesbanco’s CODM is its President and Chief Executive Officer. The CODM uses net income as the reported measure of segment profit or loss in making business decisions regarding reinvestment into the Company’s segments, using profits for acquisitions and/or paying dividends to shareholders. In addition, net income is used to monitor budget versus actual results, to perform competitive analysis by benchmarking to peers and as a factor to establish compensation for certain employees. Wesbanco does not have any material intra-entity sales or transfers.

The market value of trust assets totaled approximately $7.8 billion and $7.0 billion at March 31, 2026 and 2025, respectively. These assets are held by Wesbanco in fiduciary or agency capacities and are not included as assets on Wesbanco’s Consolidated Balance Sheets. Therefore, substantially all of Wesbanco’s assets are attributable to the community banking segment.

The following tables present selected financial information with respect to Wesbanco’s business segments for the three months ended March 31, 2026 and 2025 as received and reviewed on a regular basis by the CODM:

(unaudited, in thousands)

 

Community
Banking

 

 

Trust and
Investment
Services

 

 

Corporate
Other

 

 

Totals

 

For The Three Months Ended March 31, 2026:

 

 

 

 

 

 

 

 

 

 

 

 

Interest and dividend income

 

$

325,624

 

 

$

 

 

$

 

 

 

 

Less: Interest expense (1)

 

 

104,323

 

 

 

1,820

 

 

 

4,080

 

 

 

 

Net interest income

 

 

221,301

 

 

 

(1,820

)

 

 

(4,080

)

 

 

 

Less: Provision for credit losses

 

 

(897

)

 

 

 

 

 

 

 

 

 

Net interest income after provision for credit losses

 

 

222,198

 

 

 

(1,820

)

 

 

(4,080

)

 

 

 

Non-interest income:

 

 

 

 

 

 

 

 

 

 

 

 

    Trust fees

 

 

 

 

 

8,350

 

 

 

 

 

 

 

    WesMark fees

 

 

 

 

 

2,092

 

 

 

 

 

 

 

    Service charges on deposits

 

 

10,961

 

 

 

 

 

 

 

 

 

 

    Digital banking income

 

 

6,599

 

 

 

 

 

 

 

 

 

 

    Net swap fee and valuation income

 

 

1,062

 

 

 

 

 

 

 

 

 

 

    Net securities brokerage revenue

 

 

3,472

 

 

 

 

 

 

 

 

 

 

    Net insurance services revenue

 

 

1,209

 

 

 

 

 

 

 

 

 

 

    Bank-owned life insurance

 

 

3,811

 

 

 

 

 

 

 

 

 

 

    Payment processing fees

 

 

871

 

 

 

 

 

 

 

 

 

 

    Net securities losses

 

 

(13

)

 

 

 

 

 

 

 

 

 

    Net loss on other real estate owned and other assets

 

 

546

 

 

 

 

 

 

 

 

 

 

    Mortgage banking income

 

 

919

 

 

 

 

 

 

 

 

 

 

    Other income

 

 

1,949

 

 

 

 

 

 

3

 

 

 

 

Total revenues

 

$

253,584

 

 

$

8,622

 

 

$

(4,077

)

 

$

258,129

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Less (2):

 

 

 

 

 

 

 

 

 

 

 

 

    Salaries and wages

 

 

61,820

 

 

 

2,144

 

 

 

 

 

 

 

    Employee benefits

 

 

17,067

 

 

 

544

 

 

 

 

 

 

 

    Net occupancy (3)

 

 

8,457

 

 

 

72

 

 

 

 

 

 

 

    Equipment and software (4)

 

 

15,394

 

 

 

284

 

 

 

 

 

 

 

    Miscellaneous taxes

 

 

4,669

 

 

 

2

 

 

 

 

 

 

 

    Professional services

 

 

4,678

 

 

 

143

 

 

 

2,631

 

 

 

 

    Marketing

 

 

1,514

 

 

 

12

 

 

 

 

 

 

 

    FDIC insurance

 

 

4,784

 

 

 

 

 

 

 

 

 

 

    Supplies

 

 

2,008

 

 

 

48

 

 

 

 

 

 

 

    Telecommunications

 

 

1,170

 

 

 

 

 

 

 

 

 

 

    General administration

 

 

1,652

 

 

 

53

 

 

 

370

 

 

 

 

    Merger-related and restructuring

 

 

3,338

 

 

 

 

 

 

375

 

 

 

 

    Amortization of intangibles

 

 

6,864

 

 

 

296

 

 

 

 

 

 

 

    Corporate overhead expenses (5)

 

 

 

 

 

1,967

 

 

 

 

 

 

 

    Other segment items (6)

 

 

4,169

 

 

 

146

 

 

 

34

 

 

 

 

Segment profit (loss) before provision for income taxes

 

 

116,000

 

 

 

2,911

 

 

 

(7,487

)

 

 

 

Provision for income taxes

 

 

23,869

 

 

 

611

 

 

 

(1,691

)

 

 

 

Segment profit (loss)

 

$

92,131

 

 

$

2,300

 

 

$

(5,796

)

 

$

88,635

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Reconciliation of segment profit

 

 

 

 

 

 

 

 

 

 

 

 

Preferred stock dividends

 

 

 

 

 

 

 

 

 

 

 

(4,240

)

Net income available to common shareholders

 

 

 

 

 

 

 

 

 

 

$

84,395

 

(1) Within Corporate other, this represents interest expense on subordinated and junior subordinated debt issued by the parent company of Wesbanco.

(2) The significant expense categories and amounts align with the segment-level information that is regularly provided to the CODM.

(3) Includes depreciation and amortization expense of $2.1 million for the community banking segment. Such expenses for the trust and investment services segment are immaterial.

(4) Includes depreciation and amortization expense of $2.9 million for the community banking segment. Such expenses for the trust and investment services segment are immaterial.

(5) Corporate overhead expenses allocated to the trust and investment services segment consist of audit and accounting services, human resources, bank administration and information technology.

(6) Other segment items included in segment expenses for the community banking segment include ATM and digital banking interchange expenses, correspondent service fee expense, postage expense, corporate insurance expense and other general banking service expenses. Other segment items included in segment expenses for the trust and investment services segment include postage expense, securities safekeeping expense and other miscellaneous operating expenses.

 

 

(unaudited, in thousands)

 

Community
Banking

 

 

Trust and
Investment
Services

 

 

Corporate
Other

 

 

Totals

 

For The Three Months Ended March 31, 2025:

 

 

 

 

 

 

 

 

 

 

 

 

Interest and dividend income

 

$

253,232

 

 

$

 

 

$

 

 

 

 

Less: Interest expense (1)

 

 

89,649

 

 

 

935

 

 

 

4,129

 

 

 

 

Net interest income

 

 

163,583

 

 

 

(935

)

 

 

(4,129

)

 

 

 

Less: Provision for credit losses

 

 

68,883

 

 

 

 

 

 

 

 

 

 

Net interest income after provision for credit losses

 

 

94,700

 

 

 

(935

)

 

 

(4,129

)

 

 

 

Non-interest income:

 

 

 

 

 

 

 

 

 

 

 

 

    Trust fees

 

 

 

 

 

6,673

 

 

 

 

 

 

 

    WesMark fees

 

 

 

 

 

2,024

 

 

 

 

 

 

 

    Service charges on deposits

 

 

8,587

 

 

 

 

 

 

 

 

 

 

    Digital banking income

 

 

5,404

 

 

 

 

 

 

 

 

 

 

    Net swap fee and valuation income

 

 

961

 

 

 

 

 

 

 

 

 

 

    Net securities brokerage revenue

 

 

2,701

 

 

 

 

 

 

 

 

 

 

    Net insurance services revenue

 

 

955

 

 

 

 

 

 

 

 

 

 

    Bank-owned life insurance

 

 

3,428

 

 

 

 

 

 

 

 

 

 

    Payment processing fees

 

 

891

 

 

 

 

 

 

 

 

 

 

    Net securities losses

 

 

(318

)

 

 

 

 

 

 

 

 

 

    Net loss on other real estate owned and other assets

 

 

(40

)

 

 

 

 

 

 

 

 

 

    Mortgage banking income

 

 

1,140

 

 

 

 

 

 

 

 

 

 

    Other income

 

 

2,250

 

 

 

 

 

 

9

 

 

 

 

Total revenues

 

$

120,659

 

 

$

7,762

 

 

$

(4,120

)

 

$

124,301

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Less (2):

 

 

 

 

 

 

 

 

 

 

 

 

    Salaries and wages

 

 

46,615

 

 

 

1,962

 

 

 

 

 

 

 

    Employee benefits

 

 

12,490

 

 

 

480

 

 

 

 

 

 

 

    Net occupancy (3)

 

 

7,721

 

 

 

57

 

 

 

 

 

 

 

    Equipment and software (4)

 

 

12,993

 

 

 

57

 

 

 

 

 

 

 

    Miscellaneous taxes

 

 

4,233

 

 

 

1

 

 

 

 

 

 

 

    Professional services

 

 

3,655

 

 

 

138

 

 

 

1,825

 

 

 

 

    Marketing

 

 

2,362

 

 

 

20

 

 

 

 

 

 

 

    FDIC insurance

 

 

4,187

 

 

 

 

 

 

 

 

 

 

    Supplies

 

 

1,685

 

 

 

53

 

 

 

 

 

 

 

    Telecommunications

 

 

1,210

 

 

 

 

 

 

 

 

 

 

    General administration

 

 

1,370

 

 

 

28

 

 

 

130

 

 

 

 

    Merger-related and restructuring

 

 

13,691

 

 

 

 

 

 

6,319

 

 

 

 

    Amortization of intangibles

 

 

4,183

 

 

 

40

 

 

 

 

 

 

 

    Corporate overhead expenses (5)

 

 

 

 

 

1,580

 

 

 

 

 

 

 

    Other segment items (6)

 

 

4,886

 

 

 

31

 

 

 

(36

)

 

 

 

Segment (loss) profit before provision for income taxes

 

 

(622

)

 

 

3,315

 

 

 

(12,358

)

 

 

 

Provision for income taxes

 

 

109

 

 

 

696

 

 

 

(1,478

)

 

 

 

Segment (loss) profit

 

$

(731

)

 

$

2,619

 

 

$

(10,880

)

 

$

(8,992

)

 

 

 

 

 

 

 

 

 

 

 

 

 

Reconciliation of segment loss

 

 

 

 

 

 

 

 

 

 

 

 

Preferred stock dividends

 

 

 

 

 

 

 

 

 

 

 

(2,531

)

Net loss available to common shareholders

 

 

 

 

 

 

 

 

 

 

$

(11,523

)

(1) Within Corporate other, this represents interest expense on subordinated and junior subordinated debt issued by the parent company of Wesbanco.

(2) The significant expense categories and amounts align with the segment-level information that is regularly provided to the CODM.

(3) Includes depreciation and amortization expense of $1.9 million for the community banking segment. Such expenses for the trust and investment services segment are immaterial.

(4) Includes depreciation and amortization expense of $2.4 million for the community banking segment. Such expenses for the trust and investment services segment are immaterial.

(5) Corporate overhead expenses allocated to the trust and investment services segment consist of audit and accounting services, human resources, bank administration and information technology.

(6) Other segment items included in segment expenses for the community banking segment include ATM and digital banking interchange expenses, correspondent service fee expense, postage expense, corporate insurance expense and other general banking service expenses. Other segment items included in segment expenses for the trust and investment services segment include postage expense, securities safekeeping expense and other miscellaneous operating expenses.

v3.26.1
Summary of Significant Accounting Policies (Policies)
3 Months Ended
Mar. 31, 2026
Accounting Policies [Abstract]  
Basis of presentation

Basis of presentation — The accompanying unaudited interim financial statements of Wesbanco, Inc. and its consolidated subsidiaries (“Wesbanco” or the "Company") have been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) for interim financial information and the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements and should be read in conjunction with our Annual Report on Form 10-K for the year ended December 31, 2025.

Wesbanco’s interim financial statements have been prepared following the significant accounting policies disclosed in Note 1 of the Notes to the Consolidated Financial Statements of its 2025 Annual Report on Form 10-K filed with the Securities and Exchange Commission ("SEC"), as well as with the policy changes indicated below. In the opinion of management, the accompanying interim financial information reflects all adjustments, including normal recurring adjustments, necessary to present fairly Wesbanco’s financial position and results of operations for each of the interim periods presented. Results of operations for interim periods are not necessarily indicative of the results of operations that may be expected for a full year.

Recent accounting pronouncements

Recent accounting pronouncements—The Financial Accounting Standards Board (“FASB”) issued Accounting Standards Updates (“ASU”) as noted below.

ASU 2025‑12 — Codification Improvements

In December 2025, the FASB issued ASU 2025‑12, “Codification Improvements.” This Update is part of the Board’s ongoing effort to address technical corrections, clarifications, and minor improvements across the FASB Accounting Standards Codification. These improvements refine the application of existing guidance, resolve inconsistencies, and improve the usability of the Codification without introducing significant changes to accounting practice or requiring substantial implementation effort. The amendments are not expected to significantly affect current practice. However, updates will be reviewed for any potential effects on accounting policies or disclosure processes.

The amendments in this Update are effective for all entities for annual periods beginning after December 15, 2026, including interim periods within those annual periods. Early adoption is permitted. The adoption of this pronouncement is not expected to have a material impact on the Consolidated Financial Statements.

ASU 2025‑11 — Interim Reporting (Topic 270): Narrow‑Scope Improvements

In December 2025, the FASB issued ASU 2025‑11, “Interim Reporting (Topic 270): Narrow‑Scope Improvements.” The amendments are intended to improve the navigability and clarity of interim reporting requirements under Topic 270. The Update clarifies when Topic 270 applies, adds a comprehensive list of required interim disclosures, and introduces a disclosure principle requiring entities to disclose events occurring after the most recent annual period that have a material impact on the entity.

The Update does not expand or reduce overall interim disclosure requirements but instead compiles and organizes them to improve consistency and comparability. The guidance also clarifies form‑and‑content expectations for interim financial statements, including the use of condensed statements, and aligns GAAP with prior SEC requirements regarding material events.

The amendments are effective for interim reporting periods beginning after December 15, 2027, for public business entities and one year later for all other entities. Early adoption is permitted, with prospective or retrospective application available. The adoption of this pronouncement is not expected to have a material impact on the Consolidated Financial Statements.

ASU 2025‑10 — Government Grants (Topic 832): Accounting for Government Grants Received by Business Entities

In December 2025, the FASB issued ASU 2025‑10, “Government Grants (Topic 832): Accounting for Government Grants Received by Business Entities.” The amendments establish authoritative U.S. GAAP for the recognition, measurement, and presentation of government grants received by business entities. Historically, in the absence of explicit guidance, entities analogized to IAS 20 or ASC 958‑605, resulting in diversity in practice. ASU 2025‑10 adopts a model largely based on IAS 20, with revisions for U.S. GAAP.

Under this Update, a government grant is defined as a transfer of a monetary or tangible nonmonetary asset from a governmental body in a non‑exchange transaction. The guidance excludes transactions such as income‑tax credits under Topic 740, below‑market interest rate loans, government guarantees, contributions from nongovernmental sources, and transfers of intangible assets or services. Recognition is required when it is probable that the entity will comply with grant conditions and the grant will be received. Grants related to assets are recognized as the related costs are incurred; grants related to income are recognized as the related expenses are incurred.

The amendments are effective for public business entities for annual periods beginning after December 15, 2028, and one year later for all other entities. Early adoption is permitted. The adoption of this pronouncement is not expected to have a material impact on the Consolidated Financial Statements.

ASU 2025-09 — Derivatives and Hedging (Topic 815): Hedging Accounting Improvements

In November 2025, the FASB issued ASU 2025‑09, “Derivatives and Hedging (Topic 815): Hedge Accounting Improvements.” The amendments in this Update enhance and clarify several aspects of hedge accounting to better align financial reporting with the economics of an entity’s

risk‑management activities. The guidance addresses key areas including similar risk assessments for groups of forecasted transactions, hedging of forecasted interest payments on “choose‑your‑rate” debt instruments, hedging of nonfinancial forecasted transactions, use of net written options as hedging instruments, and the treatment of foreign currency‑denominated debt in certain dual hedging strategies. The amendments allow a broader set of forecasted transactions to qualify for hedge accounting by focusing on “similar risk exposure” rather than requiring identical risk characteristics. Entities must evaluate this criterion at hedge inception and on an ongoing basis, using qualitative assessments where appropriate.

The amendments in this Update are effective for public business entities for annual periods beginning after December 15, 2026, and one year later for all other entities. Early adoption is permitted. Adoption is prospective, with transition provisions available to facilitate migration of existing hedging relationships. The adoption of this pronouncement is not expected to have a material impact on the Consolidated Financial Statements.

ASU 2025-08 — Financial Instruments—Credit Losses (Topic 326): Purchased Loans

In November 2025, the FASB issued ASU 2025‑08, “Financial Instruments—Credit Losses (Topic 326): Purchased Loans.” The amendments in this update make significant changes to the accounting for certain acquired seasoned loans subject to CECL. The Board decided not to change the existing models for originated assets, purchased credit deteriorated ("PCD") assets or other acquired assets.

Under the ASU, the initial allowance for credit losses recorded upon the acquisition of loans in scope is recognized as an adjustment to the amortized cost basis of the loan–similar to the PCD model. For these loans, the “day-one” credit loss estimate does not impact earnings immediately but rather is amortized over time as an adjustment to interest income. Subsequent changes in the allowance for credit losses are reported in earnings within credit loss expense.

The amendments in this Update are effective for all entities for fiscal years beginning after December 15, 2026, including interim periods within those fiscal years, and are to be applied prospectively to loans acquired on or after the date of adoption. Early adoption is permitted. The adoption of this pronouncement is not expected to have a material impact on the Consolidated Financial Statements.

ASU 2025-07 — Derivatives and Hedging (Topic 815) and Revenue from Contracts with Customers (Topic 606)

In September 2025, the FASB issued ASU 2025-07, “Derivatives and Hedging (Topic 815) and Revenue from Contracts with Customers (Topic 606).” The amendments in this Update apply to all entities that enter into non exchange-traded contracts with underlyings based on operations or activities specific to one of the parties to the contract. The amendments in this Update exclude from derivative accounting non exchange-traded contracts with underlyings that are based on operations or activities specific to one of the parties to the contract. However, this scope exception does not apply to (1) variables based on a market rate, market price, or market index, (2) variables based on the price or performance of a financial asset or financial liability of one of the parties to the contract, (3) contracts (or features) involving the issuer’s own equity that are evaluated under the guidance in Subtopic 815-40, Derivatives and Hedging—Contracts in Entity’s Own Equity, and (4) call options and put options on debt instruments. The amendments in this Update are effective for all entities for annual reporting periods beginning after December 15, 2026, and interim reporting periods within those annual reporting periods. Early adoption is permitted. The adoption of this pronouncement is not expected to have a material impact on the Consolidated Financial Statements.

ASU 2025-05 — Financial Instruments—Credit Losses (Topic 326)

In July 2025, the FASB issued ASU 2025-05, “Financial Instruments – Credit Losses (Topic 326).” The amendments provide (1) all entities with a practical expedient when estimating expected credit losses for current accounts receivable and current contract assets arising from transactions accounted for under Topic 606 and (2) entities other than public business entities with an accounting policy election for those same asset classes. The amendments will be effective for annual reporting periods beginning after December 15, 2025, and interim reporting periods within those annual reporting periods. The Company adopted ASU 2025‑05 effective January 1, 2026 and elected the practical expedient for in-scope current accounts receivable and contract assets. Loans and other financial assets measured at amortized cost are not within the scope of this guidance. Therefore, the adoption of this pronouncement does not have a material impact on the Consolidated Financial Statements, including the allowance for credit losses.

ASU 2025-01 & 2024-03 — Income Statement — Reporting Comprehensive Income –Expense Disaggregation Disclosures (Subtopic 220-40)

In November 2024, the FASB issued ASU 2024-03, “Income Statement—Reporting Comprehensive Income—Expense Disaggregation Disclosures.” The amendments in this Update improve financial reporting by requiring that public business entities disclose additional information about specific expense categories in the notes to financial statements at interim and annual reporting periods. This information is generally not presented in the financial statements today. For Wesbanco, the amendments in this Update are effective for annual reporting periods beginning after December 15, 2026, and interim reporting periods beginning after December 15, 2027. Early adoption is permitted.

In January 2025, the FASB issued ASU 2025-01, “Income Statement — Reporting Comprehensive Income – Expense Disaggregation Disclosures (Subtopic 220-40).” The amendment in this Update amends the effective date of ASU 2024-03 to clarify that all public business entities are required to adopt the guidance in annual reporting periods beginning after December 15, 2026, and interim periods within annual reporting periods beginning after December 15, 2027. Early adoption is permitted. The adoption of these pronouncements is not expected to have a material impact on the Consolidated Financial Statements, but is expected to result in additional disclosures and potential changes to the line items on the Consolidated Statement of Income.

v3.26.1
Earnings Per Common Share (Tables)
3 Months Ended
Mar. 31, 2026
Earnings Per Share [Abstract]  
Summary of Earnings Per Common Share

Earnings per common share are calculated as follows:

 

 

 

For the Three Months
Ended March 31,

 

(unaudited, in thousands, except shares and per share amounts)

 

2026

 

 

2025

 

Numerator for both basic and diluted earnings per common share:

 

 

 

 

 

 

Net income (loss) available to common shareholders

 

$

84,395

 

 

$

(11,523

)

Denominator:

 

 

 

 

 

 

Total average basic common shares outstanding

 

 

96,103,497

 

 

 

76,830,460

 

Effect of dilutive stock options and other stock compensation

 

 

205,855

 

 

 

190,132

 

Total diluted average common shares outstanding

 

 

96,309,352

 

 

 

77,020,592

 

Earnings (loss) per common share - basic

 

$

0.88

 

 

$

(0.15

)

Earnings (loss) per common share - diluted

 

$

0.88

 

 

$

(0.15

)

v3.26.1
Securities (Tables)
3 Months Ended
Mar. 31, 2026
Investments, Debt and Equity Securities [Abstract]  
Schedule of Amortized Cost and Fair Value of Available-for-sale and Held-to-maturity Securities

The following table presents the fair value and amortized cost of available-for-sale and held-to-maturity debt securities:

 

 

 

March 31, 2026

 

 

December 31, 2025

 

(unaudited, in thousands)

 

Amortized
Cost

 

 

Gross
Unrealized
Gains

 

 

Gross
Unrealized
Losses

 

 

Fair
Value

 

 

Amortized
Cost

 

 

Gross
Unrealized
Gains

 

 

Gross
Unrealized
Losses

 

 

Fair
Value

 

Available-for-sale debt securities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Treasury

 

$

196,411

 

 

$

77

 

 

$

(73

)

 

$

196,415

 

 

$

196,586

 

 

$

271

 

 

$

 

 

$

196,857

 

U.S. Government sponsored entities and agencies

 

 

237,706

 

 

 

326

 

 

 

(20,637

)

 

 

217,395

 

 

 

243,408

 

 

 

212

 

 

 

(20,623

)

 

 

222,997

 

Residential mortgage-backed securities and collateralized mortgage obligations of government sponsored entities and agencies

 

 

2,811,933

 

 

 

8,535

 

 

 

(186,006

)

 

 

2,634,462

 

 

 

2,771,608

 

 

 

15,149

 

 

 

(176,309

)

 

 

2,610,448

 

Commercial mortgage-backed securities and collateralized mortgage obligations of government sponsored entities and agencies

 

 

60,485

 

 

 

89

 

 

 

(2,603

)

 

 

57,971

 

 

 

66,043

 

 

 

233

 

 

 

(2,661

)

 

 

63,615

 

Asset backed securities

 

 

67,115

 

 

 

67

 

 

 

(274

)

 

 

66,908

 

 

 

69,095

 

 

 

45

 

 

 

(205

)

 

 

68,935

 

Obligations of states and political subdivisions

 

 

78,559

 

 

 

157

 

 

 

(2,396

)

 

 

76,320

 

 

 

74,738

 

 

 

412

 

 

 

(1,962

)

 

 

73,188

 

Corporate debt securities

 

 

47,933

 

 

 

864

 

 

 

(31

)

 

 

48,766

 

 

 

51,334

 

 

 

1,015

 

 

 

(57

)

 

 

52,292

 

Total available-for-sale debt securities

 

$

3,500,142

 

 

$

10,115

 

 

$

(212,020

)

 

$

3,298,237

 

 

$

3,472,812

 

 

$

17,337

 

 

$

(201,817

)

 

$

3,288,332

 

Held-to-maturity debt securities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Government sponsored entities and agencies

 

$

2,258

 

 

$

 

 

$

(134

)

 

$

2,124

 

 

$

2,341

 

 

$

 

 

$

(134

)

 

$

2,207

 

Residential mortgage-backed securities and collateralized mortgage obligations of government sponsored entities and agencies

 

 

25,733

 

 

 

1

 

 

 

(1,642

)

 

 

24,092

 

 

 

27,014

 

 

 

2

 

 

 

(1,547

)

 

 

25,469

 

Obligations of states and political subdivisions

 

 

1,090,634

 

 

 

1,266

 

 

 

(108,821

)

 

 

983,079

 

 

 

1,100,788

 

 

 

2,137

 

 

 

(96,687

)

 

 

1,006,238

 

Corporate debt securities

 

 

1,972

 

 

 

36

 

 

 

 

 

 

2,008

 

 

 

1,971

 

 

 

72

 

 

 

 

 

 

2,043

 

Total held-to-maturity debt securities (1)

 

$

1,120,597

 

 

$

1,303

 

 

$

(110,597

)

 

$

1,011,303

 

 

$

1,132,114

 

 

$

2,211

 

 

$

(98,368

)

 

$

1,035,957

 

Total debt securities

 

$

4,620,739

 

 

$

11,418

 

 

$

(322,617

)

 

$

4,309,540

 

 

$

4,604,926

 

 

$

19,548

 

 

$

(300,185

)

 

$

4,324,289

 

(1)
Total held-to-maturity debt securities are presented on the balance sheet net of their allowance for credit losses totaling $0.2 million at March 31, 2026 and December 31, 2025.
Schedule of Amortized Cost and Fair Value of Available-for-Sale and Held-to-Maturity Securities by Contractual Maturity

The following table presents the amortized cost and fair value of available-for-sale and held-to-maturity debt securities by contractual maturity date at March 31, 2026. Actual maturities will differ from contractual maturities because borrowers may have the right to call or prepay debt obligations with or without prepayment penalties. Mortgage-backed securities and collateralized mortgage obligations are classified in the table below based on their contractual maturity date; however, regular principal payments and prepayments of principal are received on a monthly basis.

 

(unaudited, in thousands)

 

Amortized Cost

 

 

Fair Value

 

Available-for-sale debt securities

 

 

 

 

 

 

Within one year

 

$

212,313

 

 

$

212,235

 

After 1 year through 5 years

 

 

217,720

 

 

 

210,424

 

After 5 years through 10 years

 

 

349,973

 

 

 

325,656

 

After 10 years

 

 

2,720,136

 

 

 

2,549,922

 

Total available-for-sale debt securities

 

$

3,500,142

 

 

$

3,298,237

 

Held-to-maturity debt securities

 

 

 

 

 

 

Within one year

 

$

17,753

 

 

$

17,746

 

After 1 year through 5 years

 

 

248,330

 

 

 

242,758

 

After 5 years through 10 years

 

 

569,128

 

 

 

508,967

 

After 10 years

 

 

285,386

 

 

 

241,832

 

Total held-to-maturity debt securities

 

$

1,120,597

 

 

$

1,011,303

 

Total debt securities

 

$

4,620,739

 

 

$

4,309,540

 

Schedule of Gross Realized Gains and Losses on the Sales and Calls of Securities

The following table presents the gross realized gains and losses on sales and calls of available-for-sale and held-to-maturity debt securities, as well as gains and losses on equity securities from both sales and market adjustments, for the three months ended March 31, 2026 and 2025, respectively. All gains and losses presented in the table below are included in the net securities gains (losses) line item of the consolidated income statement. For those equity securities relating to the key officer and director deferred compensation plan, the corresponding change in the obligation to the participant is recognized in employee benefits expense.

 

 

 

For the Three Months
Ended March 31,

 

(unaudited, in thousands)

 

2026

 

 

2025

 

Debt securities:

 

 

 

 

 

 

Gross realized gains

 

$

36

 

 

$

201

 

Gross realized losses

 

 

 

 

 

(161

)

Net gains on debt securities

 

 

36

 

 

 

40

 

Equity securities:

 

 

 

 

 

 

Net unrealized losses recognized on securities still held

 

 

(49

)

 

 

(358

)

Net securities losses

 

$

(13

)

 

$

(318

)

Schedule of Allowance for Credit Losses on Held-to-maturity Securities

The following table provides a roll-forward of the allowance for credit losses on held-to-maturity securities for the three months ended March 31, 2026 and 2025:

 

 

Allowance for Credit Losses By Category

 

 

For the Three Months Ended March 31, 2026 and 2025

 

 

 

 

 

 

 

 

 

Obligations of

 

 

 

 

 

 

states and

 

Corporate

 

 

 

 

political

 

debt

 

 

(unaudited, in thousands)

subdivisions

 

Securities

 

Total

 

Balance at December 31, 2025

$

155

 

$

13

 

$

168

 

Current period provision (1)

 

(21

)

 

4

 

 

(17

)

Write-offs

 

 

 

 

 

 

Recoveries

 

 

 

 

 

 

Balance at March 31, 2026

$

134

 

$

17

 

$

151

 

.

 

 

 

 

 

 

Balance at December 31, 2024

$

124

 

$

22

 

$

146

 

Current period provision (1)

 

(8

)

 

(1

)

 

(9

)

Write-offs

 

 

 

 

 

 

Recoveries

 

 

 

 

 

 

Balance at March 31, 2025

$

116

 

$

21

 

$

137

 

(1) The total provision for credit losses on held-to-maturity securities is reported in the consolidated statements of income in the provision for credit losses line item, which also includes the provision for credit losses - loans and loan commitments. For more information on the provision relating to loans and loan commitments, please see Note 4, "Loans and the Allowance for Credit Losses."

Schedule of Unrealized Losses on Investment Securities

The following tables provide information on unrealized losses on available-for-sale debt securities that have been in an unrealized loss position for less than twelve months and twelve months or more, for which an allowance for credit losses has not been recorded, as of March 31, 2026 and December 31, 2025, respectively:

 

 

 

March 31, 2026

 

 

 

Less than 12 months

 

 

12 months or more

 

 

Total

 

(unaudited, dollars in thousands)

 

Fair
Value

 

 

Unrealized
Losses

 

 

# of
Securities

 

 

Fair
Value

 

 

Unrealized
Losses

 

 

# of
Securities

 

 

Fair
Value

 

 

Unrealized
Losses

 

 

# of
Securities

 

U.S. Treasury

 

$

98,488

 

 

$

(73

)

 

 

2

 

 

$

 

 

$

 

 

 

 

 

$

98,488

 

 

$

(73

)

 

 

2

 

U.S. Government sponsored entities and agencies

 

 

10,985

 

 

 

(88

)

 

 

4

 

 

 

184,271

 

 

 

(20,549

)

 

 

41

 

 

 

195,256

 

 

 

(20,637

)

 

 

45

 

Residential mortgage-backed securities and collateralized mortgage obligations of government sponsored entities and agencies

 

 

540,930

 

 

 

(5,598

)

 

 

126

 

 

 

1,254,249

 

 

 

(180,408

)

 

 

423

 

 

 

1,795,179

 

 

 

(186,006

)

 

 

549

 

Commercial mortgage-backed securities and collateralized mortgage obligations of government sponsored entities and agencies

 

 

 

 

 

 

 

 

 

 

 

42,769

 

 

 

(2,603

)

 

 

18

 

 

 

42,769

 

 

 

(2,603

)

 

 

18

 

Asset backed securities

 

 

44,412

 

 

 

(182

)

 

 

9

 

 

 

12,108

 

 

 

(92

)

 

 

3

 

 

 

56,520

 

 

 

(274

)

 

 

12

 

Obligations of states and political subdivisions

 

 

25,837

 

 

 

(246

)

 

 

38

 

 

 

21,062

 

 

 

(2,150

)

 

 

27

 

 

 

46,899

 

 

 

(2,396

)

 

 

65

 

Corporate debt securities

 

 

8,472

 

 

 

(17

)

 

 

6

 

 

 

4,975

 

 

 

(14

)

 

 

1

 

 

 

13,447

 

 

 

(31

)

 

 

7

 

Total temporarily impaired securities

 

$

729,124

 

 

$

(6,204

)

 

 

185

 

 

$

1,519,434

 

 

$

(205,816

)

 

 

513

 

 

$

2,248,558

 

 

$

(212,020

)

 

 

698

 

 

 

 

December 31, 2025

 

 

 

Less than 12 months

 

 

12 months or more

 

 

Total

 

(dollars in thousands)

 

Fair
Value

 

 

Unrealized
Losses

 

 

# of
Securities

 

 

Fair
Value

 

 

Unrealized
Losses

 

 

# of
Securities

 

 

Fair
Value

 

 

Unrealized
Losses

 

 

# of
Securities

 

U.S. Treasury

 

$

 

 

$

 

 

 

 

 

$

 

 

$

 

 

 

 

 

$

 

 

$

 

 

 

 

U.S. Government sponsored entities and agencies

 

 

8,252

 

 

 

(109

)

 

 

3

 

 

 

189,841

 

 

 

(20,514

)

 

 

42

 

 

 

198,093

 

 

 

(20,623

)

 

 

45

 

Residential mortgage-backed securities and collateralized mortgage obligations of government sponsored entities and agencies

 

 

245,766

 

 

 

(1,340

)

 

 

59

 

 

 

1,307,219

 

 

 

(174,969

)

 

 

430

 

 

 

1,552,985

 

 

 

(176,309

)

 

 

489

 

Commercial mortgage-backed securities and collateralized mortgage obligations of government sponsored entities and agencies

 

 

 

 

 

 

 

 

 

 

 

48,325

 

 

 

(2,661

)

 

 

18

 

 

 

48,325

 

 

 

(2,661

)

 

 

18

 

Asset backed securities

 

 

4,168

 

 

 

(124

)

 

 

8

 

 

 

23,806

 

 

 

(1,838

)

 

 

33

 

 

 

27,974

 

 

 

(1,962

)

 

 

41

 

Obligations of states and political subdivisions

 

 

58,042

 

 

 

(205

)

 

 

11

 

 

 

 

 

 

 

 

 

 

 

 

58,042

 

 

 

(205

)

 

 

11

 

Corporate debt securities

 

 

11,050

 

 

 

(55

)

 

 

8

 

 

 

5,484

 

 

 

(2

)

 

 

2

 

 

 

16,534

 

 

 

(57

)

 

 

10

 

Total temporarily impaired securities

 

$

327,278

 

 

$

(1,833

)

 

 

89

 

 

$

1,574,675

 

 

$

(199,984

)

 

 

525

 

 

$

1,901,953

 

 

$

(201,817

)

 

 

614

 

v3.26.1
Loans and the Allowance for Credit Losses (Tables)
3 Months Ended
Mar. 31, 2026
Financing Receivable, Allowance for Credit Loss [Line Items]  
Schedule of Recorded Investment in Loans by Category

The recorded investment in loans is presented in the Consolidated Balance Sheets net of deferred loan fees and costs, and discounts on purchased loans. Net deferred loan costs were $14.8 million and $13.9 million at March 31, 2026 and December 31, 2025, respectively. The unaccreted discount on purchased loans from acquisitions was $288.8 million at March 31, 2026 and $302.4 million at December 31, 2025.

 

 

 

March 31,

 

 

December 31,

 

(unaudited, in thousands)

 

2026

 

 

2025

 

Commercial real estate:

 

 

 

 

 

 

Land and construction

 

$

1,632,209

 

 

$

1,783,637

 

Improved property

 

 

9,270,066

 

 

 

9,155,197

 

Total commercial real estate

 

 

10,902,275

 

 

 

10,938,834

 

Commercial and industrial

 

 

2,785,440

 

 

 

2,863,893

 

Residential real estate

 

 

3,920,209

 

 

 

3,938,585

 

Home equity

 

 

1,149,878

 

 

 

1,129,394

 

Consumer

 

 

324,879

 

 

 

355,726

 

Total portfolio loans

 

 

19,082,681

 

 

 

19,226,432

 

Loans held for sale

 

 

59,281

 

 

 

87,454

 

Total loans

 

$

19,141,962

 

 

$

19,313,886

 

Summary of Changes in Allowance for Credit Losses

The following tables summarize changes in the allowance for credit losses applicable to each category of the loan portfolio:

 

 

 

Allowance for Credit Losses By Category

 

 

 

For the Three Months Ended March 31, 2026 and 2025

 

(unaudited, in thousands)

 

Commercial
Real Estate -
Land and
Construction

 

 

Commercial
Real Estate-
Improved
Property

 

 

Commercial
& Industrial

 

 

Residential
Real Estate

 

 

Home
Equity

 

 

Consumer

 

 

Deposit
Overdrafts

 

 

Total

 

Balance at December 31, 2025

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Allowance for credit
   losses - loans

 

$

10,707

 

 

$

96,714

 

 

$

64,932

 

 

$

33,416

 

 

$

2,383

 

 

$

8,742

 

 

$

1,855

 

 

$

218,749

 

Allowance for credit
   losses - loan commitments

 

 

5,499

 

 

 

 

 

 

552

 

 

 

890

 

 

 

 

 

 

9

 

 

 

 

 

 

6,950

 

Total beginning allowance for credit
   losses - loans and loan
   commitments

 

 

16,206

 

 

 

96,714

 

 

 

65,484

 

 

 

34,306

 

 

 

2,383

 

 

 

8,751

 

 

 

1,855

 

 

 

225,699

 

Provision for credit losses:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Provision for loan losses

 

 

(1,752

)

 

 

(2,832

)

 

 

3,948

 

 

 

(1,308

)

 

 

319

 

 

 

319

 

 

 

164

 

 

 

(1,142

)

Provision for loan commitments

 

 

(348

)

 

 

 

 

 

621

 

 

 

(29

)

 

 

 

 

 

18

 

 

 

 

 

 

262

 

Total provision for credit
   losses - loans and loan
   commitments (1)

 

 

(2,100

)

 

 

(2,832

)

 

 

4,569

 

 

 

(1,337

)

 

 

319

 

 

 

337

 

 

 

164

 

 

 

(880

)

Charge-offs

 

 

 

 

 

(84

)

 

 

(4,581

)

 

 

(1,157

)

 

 

(516

)

 

 

(2,281

)

 

 

(538

)

 

 

(9,157

)

Recoveries

 

 

 

 

 

84

 

 

 

223

 

 

 

141

 

 

 

74

 

 

 

801

 

 

 

250

 

 

 

1,573

 

Net (charge-offs) recoveries

 

 

 

 

 

 

 

 

(4,358

)

 

 

(1,016

)

 

 

(442

)

 

 

(1,480

)

 

 

(288

)

 

 

(7,584

)

Balance at March 31, 2026

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Allowance for credit
   losses - loans

 

 

8,955

 

 

 

93,882

 

 

 

64,522

 

 

 

31,092

 

 

 

2,260

 

 

 

7,581

 

 

 

1,731

 

 

 

210,023

 

Allowance for credit
   losses - loan commitments

 

 

5,151

 

 

 

 

 

 

1,173

 

 

 

861

 

 

 

 

 

 

27

 

 

 

 

 

 

7,212

 

Total ending allowance for credit
   losses - loans and loan
   commitments

 

$

14,106

 

 

$

93,882

 

 

$

65,695

 

 

$

31,953

 

 

$

2,260

 

 

$

7,608

 

 

$

1,731

 

 

$

217,235

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at December 31, 2024

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Allowance for credit
   losses - loans

 

$

8,411

 

 

$

59,828

 

 

$

42,398

 

 

$

21,790

 

 

$

1,235

 

 

$

3,391

 

 

$

1,713

 

 

$

138,766

 

Allowance for credit
   losses - loan commitments

 

 

5,105

 

 

 

 

 

 

 

 

 

1,015

 

 

 

 

 

 

 

 

 

 

 

 

6,120

 

Total beginning allowance for credit
   losses - loans and loan
   commitments

 

 

13,516

 

 

 

59,828

 

 

 

42,398

 

 

 

22,805

 

 

 

1,235

 

 

 

3,391

 

 

 

1,713

 

 

 

144,886

 

Initial allowance for credit
   losses on acquired PCD loans

 

 

177

 

 

 

5,369

 

 

 

16,632

 

 

 

3,192

 

 

 

604

 

 

 

3,095

 

 

 

 

 

 

29,069

 

Provision for credit losses:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Provision for loan losses

 

 

2,747

 

 

 

29,364

 

 

 

20,316

 

 

 

7,739

 

 

 

663

 

 

 

7,386

 

 

 

338

 

 

 

68,553

 

Provision for loan commitments

 

 

511

 

 

 

 

 

 

 

 

 

(183

)

 

 

 

 

 

11

 

 

 

 

 

 

339

 

Total provision for credit
   losses - loans and loan
   commitments (1)

 

 

3,258

 

 

 

29,364

 

 

 

20,316

 

 

 

7,556

 

 

 

663

 

 

 

7,397

 

 

 

338

 

 

 

68,892

 

Charge-offs

 

 

 

 

 

(33

)

 

 

(1,020

)

 

 

(221

)

 

 

(493

)

 

 

(1,822

)

 

 

(416

)

 

 

(4,005

)

Recoveries

 

 

 

 

 

15

 

 

 

437

 

 

 

125

 

 

 

156

 

 

 

386

 

 

 

115

 

 

 

1,234

 

Net (charge-offs) recoveries (2)

 

 

 

 

 

(18

)

 

 

(583

)

 

 

(96

)

 

 

(337

)

 

 

(1,436

)

 

 

(301

)

 

 

(2,771

)

Balance at March 31, 2025

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Allowance for credit
   losses - loans

 

 

11,335

 

 

 

94,543

 

 

 

78,763

 

 

 

32,625

 

 

 

2,165

 

 

 

12,436

 

 

 

1,750

 

 

 

233,617

 

Allowance for credit
   losses - loan commitments

 

 

5,616

 

 

 

 

 

 

 

 

 

832

 

 

 

 

 

 

11

 

 

 

 

 

 

6,459

 

Total ending allowance for credit
   losses - loans and loan
   commitments

 

$

16,951

 

 

$

94,543

 

 

$

78,763

 

 

$

33,457

 

 

$

2,165

 

 

$

12,447

 

 

$

1,750

 

 

$

240,076

 

(1) The total provision for credit losses - loans and loan commitments is reported in the consolidated statements of income in the provision for credit losses line item, which also includes the provision for credit losses on held-to-maturity securities. For more information on the provision relating to held-to-maturity securities, please see Note 3, "Securities."

(2) The charge-offs on the acquired PFC loan portfolio prior to the acquisition were $22.7 million.

Allowance for Credit Losses and Recorded Investments in Loans

The following tables present the allowance for credit losses and recorded investments in loans by category, as of each period-end:

 

 

 

Allowance for Credit Losses and Recorded Investment in Loans

 

(unaudited, in thousands)

 

Commercial
Real Estate-
Land and
Construction

 

 

Commercial
Real Estate-
Improved
Property

 

 

Commercial
and
Industrial

 

 

Residential
Real
Estate

 

 

Home
Equity

 

 

Consumer

 

 

Deposit
Overdrafts

 

 

Total

 

March 31, 2026

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Allowance for credit losses:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loans individually-evaluated

 

$

 

 

$

22,660

 

 

$

6,965

 

 

$

 

 

$

 

 

$

 

 

$

 

 

$

29,625

 

Loans collectively-evaluated

 

 

8,955

 

 

 

71,222

 

 

 

57,557

 

 

 

31,092

 

 

 

2,260

 

 

 

7,581

 

 

 

1,731

 

 

 

180,398

 

Loan commitments (1)

 

 

5,151

 

 

 

 

 

 

1,173

 

 

 

861

 

 

 

 

 

 

27

 

 

 

 

 

 

7,212

 

Total allowance for credit
   losses - loans and commitments

 

$

14,106

 

 

$

93,882

 

 

$

65,695

 

 

$

31,953

 

 

$

2,260

 

 

$

7,608

 

 

$

1,731

 

 

$

217,235

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Portfolio loans:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Individually-evaluated for credit
   losses

 

$

 

 

$

60,699

 

 

$

6,965

 

 

$

 

 

$

 

 

$

 

 

$

 

 

$

67,664

 

Collectively-evaluated for credit
   losses

 

 

1,632,209

 

 

 

9,209,367

 

 

 

2,778,475

 

 

 

3,920,209

 

 

1,149,878

 

 

 

324,879

 

 

 

 

 

 

19,015,017

 

Total portfolio loans

 

$

1,632,209

 

 

$

9,270,066

 

 

$

2,785,440

 

 

$

3,920,209

 

 

$

1,149,878

 

 

$

324,879

 

 

$

 

 

$

19,082,681

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2025

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Allowance for credit losses:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loans individually-evaluated

 

$

 

 

$

20,990

 

 

$

6,918

 

 

$

 

 

$

 

 

$

 

 

$

 

 

$

27,908

 

Loans collectively-evaluated

 

 

10,707

 

 

 

75,724

 

 

 

58,014

 

 

 

33,416

 

 

 

2,383

 

 

 

8,742

 

 

 

1,855

 

 

 

190,841

 

Loan commitments (1)

 

 

5,499

 

 

 

 

 

 

552

 

 

 

890

 

 

 

 

 

 

9

 

 

 

 

 

 

6,950

 

Total allowance for credit
   losses - loans and commitments

 

$

16,206

 

 

$

96,714

 

 

$

65,484

 

 

$

34,306

 

 

$

2,383

 

 

$

8,751

 

 

$

1,855

 

 

$

225,699

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Portfolio loans:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Individually-evaluated for credit
   losses

 

$

 

 

$

42,010

 

 

$

6,965

 

 

$

 

 

$

 

 

$

 

 

$

 

 

$

48,975

 

Collectively-evaluated for credit
   losses

 

 

1,783,637

 

 

 

9,113,187

 

 

 

2,856,928

 

 

 

3,938,585

 

 

 

1,129,394

 

 

 

355,726

 

 

 

 

 

 

19,177,457

 

Total portfolio loans

 

$

1,783,637

 

 

$

9,155,197

 

 

$

2,863,893

 

 

$

3,938,585

 

 

$

1,129,394

 

 

$

355,726

 

 

$

 

 

$

19,226,432

 

(1) For additional detail relating to loan commitments, see Note 11, "Commitments and Contingent Liabilities."

Summary of Commercial Loans by Risk Grade

The following tables summarize commercial loans by their assigned risk grade:

 

 

 

Commercial Loans by Internally Assigned Risk Grade

 

(unaudited, in thousands)

 

Commercial
Real Estate-
Land and
Construction

 

 

Commercial
Real Estate-
Improved
Property

 

 

Commercial
& Industrial

 

 

Total
Commercial
Loans

 

As of March 31, 2026

 

 

 

 

 

 

 

 

 

 

 

 

Pass

 

$

1,597,584

 

 

$

8,921,883

 

 

$

2,612,789

 

 

$

13,132,256

 

Criticized - compromised

 

 

3,725

 

 

 

197,359

 

 

 

125,769

 

 

 

326,853

 

Classified - substandard

 

 

30,900

 

 

 

150,824

 

 

 

46,882

 

 

 

228,606

 

Classified - doubtful

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

$

1,632,209

 

 

$

9,270,066

 

 

$

2,785,440

 

 

$

13,687,715

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As of December 31, 2025

 

 

 

 

 

 

 

 

 

 

 

 

Pass

 

$

1,748,260

 

 

$

8,712,676

 

 

$

2,736,863

 

 

$

13,197,799

 

Criticized - compromised

 

 

8,331

 

 

 

320,185

 

 

 

84,552

 

 

 

413,068

 

Classified - substandard

 

 

27,046

 

 

 

122,336

 

 

 

42,478

 

 

 

191,860

 

Classified - doubtful

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

$

1,783,637

 

 

$

9,155,197

 

 

$

2,863,893

 

 

$

13,802,727

 

Summary of Age Analysis of Loan Categories

The following tables summarize the age analysis of all categories of loans:

 

 

 

Age Analysis of Loans

 

(unaudited, in thousands)

 

Current

 

 

30-59
Days
Past Due

 

 

60-89
Days
Past Due

 

 

90 Days
or More
Past Due

 

 

Total
Past Due

 

 

Total
Loans

 

 

90 Days
or More
Past
Due and
Accruing

 

As of March 31, 2026

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial real estate:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Land and construction

 

$

1,594,822

 

 

$

9,378

 

 

$

 

 

$

28,009

 

 

$

37,387

 

 

$

1,632,209

 

 

$

 

Improved property

 

 

9,182,058

 

 

 

27,669

 

 

 

12,371

 

 

 

47,968

 

 

 

88,008

 

 

 

9,270,066

 

 

 

2,651

 

Total commercial real estate

 

 

10,776,880

 

 

 

37,047

 

 

 

12,371

 

 

 

75,977

 

 

 

125,395

 

 

 

10,902,275

 

 

 

2,651

 

Commercial and industrial

 

 

2,753,616

 

 

 

5,260

 

 

 

2,972

 

 

 

23,592

 

 

 

31,824

 

 

 

2,785,440

 

 

 

5,260

 

Residential real estate

 

 

3,874,646

 

 

 

13,062

 

 

 

9,360

 

 

 

23,141

 

 

 

45,563

 

 

 

3,920,209

 

 

 

5,232

 

Home equity

 

 

1,131,376

 

 

 

7,232

 

 

 

2,759

 

 

 

8,511

 

 

 

18,502

 

 

 

1,149,878

 

 

 

2,238

 

Consumer

 

 

318,001

 

 

 

3,905

 

 

 

1,693

 

 

 

1,280

 

 

 

6,878

 

 

 

324,879

 

 

 

829

 

Total portfolio loans

 

 

18,854,519

 

 

 

66,506

 

 

 

29,155

 

 

 

132,501

 

 

 

228,162

 

 

 

19,082,681

 

 

 

16,210

 

Loans held for sale

 

 

59,281

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

59,281

 

 

 

 

Total loans

 

$

18,913,800

 

 

$

66,506

 

 

$

29,155

 

 

$

132,501

 

 

$

228,162

 

 

$

19,141,962

 

 

$

16,210

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Nonperforming loans included above are as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Non-accrual loans

 

$

22,933

 

 

$

1,670

 

 

$

4,114

 

 

$

116,291

 

 

$

122,075

 

 

$

145,008

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As of December 31, 2025

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial real estate:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Land and construction

 

$

1,755,314

 

 

$

13,535

 

 

$

13,956

 

 

$

832

 

 

$

28,323

 

 

$

1,783,637

 

 

$

 

Improved property

 

 

9,090,160

 

 

 

13,462

 

 

 

7,636

 

 

 

43,939

 

 

 

65,037

 

 

 

9,155,197

 

 

 

20,507

 

Total commercial real estate

 

 

10,845,474

 

 

 

26,997

 

 

 

21,592

 

 

 

44,771

 

 

 

93,360

 

 

 

10,938,834

 

 

 

20,507

 

Commercial and industrial

 

 

2,838,247

 

 

 

2,055

 

 

 

7,434

 

 

 

16,157

 

 

 

25,646

 

 

 

2,863,893

 

 

 

777

 

Residential real estate

 

 

3,889,494

 

 

 

738

 

 

 

13,513

 

 

 

34,840

 

 

 

49,091

 

 

 

3,938,585

 

 

 

12,479

 

Home equity

 

 

1,106,652

 

 

 

9,938

 

 

 

4,162

 

 

 

8,642

 

 

 

22,742

 

 

 

1,129,394

 

 

 

2,882

 

Consumer

 

 

345,927

 

 

 

6,119

 

 

 

1,822

 

 

 

1,858

 

 

 

9,799

 

 

 

355,726

 

 

 

1,138

 

Total portfolio loans

 

 

19,025,794

 

 

 

45,847

 

 

 

48,523

 

 

 

106,268

 

 

 

200,638

 

 

 

19,226,432

 

 

 

37,783

 

Loans held for sale

 

 

87,454

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

87,454

 

 

 

 

Total loans

 

$

19,113,248

 

 

$

45,847

 

 

$

48,523

 

 

$

106,268

 

 

$

200,638

 

 

$

19,313,886

 

 

$

37,783

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Nonperforming loans included above are as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Non-accrual loans

 

$

19,928

 

 

$

1,215

 

 

$

1,956

 

 

$

68,485

 

 

$

71,656

 

 

$

91,584

 

 

 

 

Summary of Nonperforming Loans

The following tables summarize nonperforming loans:

 

 

 

Nonperforming Loans

 

 

 

March 31, 2026

 

 

December 31, 2025

 

 

 

Unpaid

 

 

 

 

 

 

Unpaid

 

 

 

 

 

 

 

Principal

 

 

Recorded

 

 

Related

 

 

Principal

 

 

Recorded

 

 

Related

 

(unaudited, in thousands)

 

Balance (1)

 

 

Investment

 

 

Allowance

 

 

Balance (1)

 

 

Investment

 

 

Allowance

 

With no related specific allowance recorded:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial real estate:

 

 

 

 

 

 

 

 

 

 

 

 

Land and construction

 

$

36,239

 

 

$

28,206

 

 

$

 

 

$

832

 

 

$

832

 

 

$

 

Improved property

 

 

35,696

 

 

 

33,286

 

 

 

 

 

 

20,883

 

 

 

18,265

 

 

 

 

Commercial and industrial

 

 

19,927

 

 

 

13,744

 

 

 

 

 

 

12,043

 

 

 

9,133

 

 

 

 

Residential real estate

 

 

46,191

 

 

 

34,815

 

 

 

 

 

 

44,292

 

 

 

34,332

 

 

 

 

Home equity

 

 

13,494

 

 

 

9,832

 

 

 

 

 

 

12,673

 

 

 

9,248

 

 

 

 

Consumer

 

 

2,379

 

 

 

1,030

 

 

 

 

 

 

2,875

 

 

 

1,326

 

 

 

 

Total nonperforming loans without a specific allowance

 

 

153,926

 

 

 

120,913

 

 

 

 

 

 

93,598

 

 

 

73,136

 

 

 

 

With a specific allowance recorded:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial real estate:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Land and construction

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Improved property

 

 

17,362

 

 

 

17,136

 

 

 

10,026

 

 

 

11,627

 

 

 

11,489

 

 

 

6,377

 

Commercial and industrial

 

 

6,959

 

 

 

6,959

 

 

 

6,965

 

 

 

6,959

 

 

 

6,959

 

 

 

6,918

 

Residential real estate

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Home equity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consumer

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total nonperforming loans with a specific allowance

 

 

24,321

 

 

 

24,095

 

 

 

16,991

 

 

 

18,586

 

 

 

18,448

 

 

 

13,295

 

Total nonperforming loans

 

$

178,247

 

 

$

145,008

 

 

$

16,991

 

 

$

112,184

 

 

$

91,584

 

 

$

13,295

 

(1) The difference between the unpaid principal balance and the recorded investment generally reflects amounts that have been previously charged-off, fair market value adjustments on acquired nonperforming loans and capitalized loan origination fees and costs.

 

 

Nonperforming Loans

 

 

For the Three Months Ended

 

 

March 31, 2026

 

 

March 31, 2025

 

 

Average

 

 

Interest

 

 

Average

 

 

Interest

 

 

Recorded

 

 

Income

 

 

Recorded

 

 

Income

 

(unaudited, in thousands)

Investment

 

 

Recognized

 

 

Investment

 

 

Recognized

 

With no related specific allowance recorded:

 

 

 

 

 

 

 

 

 

 

 

Commercial real estate:

 

 

 

 

 

 

 

Land and construction

$

14,519

 

 

$

 

 

$

 

 

$

 

Improved property

 

25,776

 

 

 

 

 

 

19,992

 

 

 

 

Commercial and industrial

 

11,439

 

 

 

 

 

 

6,071

 

 

 

 

Residential real estate

 

34,574

 

 

 

 

 

 

19,263

 

 

 

 

Home equity

 

9,540

 

 

 

 

 

 

6,982

 

 

 

 

Consumer

 

1,178

 

 

 

 

 

 

1,716

 

 

 

 

Total nonperforming loans without a specific allowance

 

97,026

 

 

 

 

 

 

54,024

 

 

 

 

With a specific allowance recorded:

 

 

 

 

 

 

 

 

 

 

 

Commercial real estate:

 

 

 

 

 

 

 

 

 

 

 

Land and construction

 

 

 

 

 

 

 

 

 

 

 

Improved property

 

14,313

 

 

 

 

 

 

3,118

 

 

 

 

Commercial and industrial

 

6,959

 

 

 

 

 

 

3,480

 

 

 

 

Total nonperforming loans with a specific allowance

 

21,272

 

 

 

 

 

 

6,598

 

 

 

 

Total nonperforming loans

$

118,298

 

 

$

 

 

$

60,622

 

 

$

 

Recorded Investment in Non-Accrual Loans

The following table presents the recorded investment in non-accrual loans:

 

 

 

Non-accrual Loans (1)

 

 

 

March 31,

 

 

December 31,

 

(unaudited, in thousands)

 

2026

 

 

2025

 

Commercial real estate:

 

 

 

 

 

 

Land and construction

 

$

28,206

 

 

$

832

 

Improved property

 

 

50,422

 

 

 

29,754

 

Total commercial real estate

 

 

78,628

 

 

 

30,586

 

Commercial and industrial

 

 

20,703

 

 

 

16,092

 

Residential real estate

 

 

34,815

 

 

 

34,332

 

Home equity

 

 

9,832

 

 

 

9,248

 

Consumer

 

 

1,030

 

 

 

1,326

 

Total

 

$

145,008

 

 

$

91,584

 

(1) At March 31, 2026, there were seventeen borrowers with a loan balance greater than $1.0 million, which totaled $87.7 million, as compared to eleven borrowers with loan balances greater than $1.0 million totaling $35.5 million at December 31, 2025. Total non-accrual loans may include loans that are also restructured for borrowers experiencing financial difficulty. Such loans are also set forth in the following tables.

Summary of Details of Portfolio Loans Modified by Loan Category The following table displays the details of portfolio loans that were modified during the three months ended March 31, 2026 and 2025 presented by loan category:

 

 

 

For the Three Months Ended March 31, 2026

 

(unaudited, in thousands)

 

Term
Extension

 

 

Rate Reduction

 

 

Payment
Delay

 

 

Term Extension
and Rate
Reduction

 

 

Total

 

 

% of
Total by
Loan Category

 

Commercial real estate - land and construction

 

$

 

 

$

 

 

$

 

 

$

 

 

$

 

 

 

 

Commercial real estate - improved property

 

 

230

 

 

 

 

 

 

 

 

 

 

 

 

230

 

 

 

 

Commercial and industrial

 

 

4,904

 

 

 

 

 

 

 

 

 

 

 

 

4,904

 

 

 

0.2

 

Residential real estate

 

 

 

 

 

169

 

 

 

32

 

 

 

 

 

 

201

 

 

 

 

Home equity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consumer

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

$

5,134

 

 

$

169

 

 

$

32

 

 

$

 

 

$

5,335

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the Three Months Ended March 31, 2025

 

(unaudited, in thousands)

 

Term
Extension

 

 

Rate Reduction

 

 

Payment
Delay

 

 

Term Extension
and Rate
Reduction

 

 

Total

 

 

% of
Total by
Loan Category

 

Commercial real estate - land and construction

 

$

24,217

 

 

$

 

 

$

 

 

$

 

 

$

24,217

 

 

 

1.4

 

Commercial real estate - improved property

 

 

16,887

 

 

 

 

 

 

1,507

 

 

 

250

 

 

 

18,644

 

 

 

0.2

 

Commercial and industrial

 

 

5,258

 

 

 

 

 

 

106

 

 

 

 

 

 

5,364

 

 

 

0.2

 

Residential real estate

 

 

 

 

 

 

 

 

496

 

 

 

 

 

 

496

 

 

 

 

Home equity

 

 

 

 

 

 

 

 

435

 

 

 

 

 

 

435

 

 

 

 

Consumer

 

 

 

 

 

 

 

 

144

 

 

 

 

 

 

144

 

 

 

 

Total

 

$

46,362

 

 

$

 

 

$

2,688

 

 

$

250

 

 

$

49,300

 

 

 

0.3

 

Summary of Financial Impacts of Loan Modifications and Payment Deferrals to Portfolio Loans

The following table summarizes the financial impacts of loan modifications and payment deferrals made to portfolio loans during the three months ended March 31, 2026 and 2025, presented by loan category:

 

 

 

For the Three Months Ended

 

 

For the Three Months Ended

 

 

 

March 31, 2026

 

 

March 31, 2025

 

(unaudited, in thousands)

 

Weighted-Average
Term Extension
(in months)

 

 

Weighted-Average
Term Extension
(in months)

 

Commercial real estate - land and construction

 

 

 

 

 

6

 

Commercial real estate - improved property

 

 

11

 

 

 

9

 

Commercial and industrial

 

 

4

 

 

 

14

 

Residential real estate

 

 

 

 

 

 

Home equity

 

 

 

 

 

 

Consumer

 

 

 

 

 

 

Summary of Loans with FDMs

The following table summarizes loans with FDMs which defaulted (defined as 90 days past due) within 12 months of the loan being modified during the three months ended March 31, 2026 and 2025. Modified loans, including those that have defaulted, are already included in the allowance for credit losses through the various methodologies used to estimate the allowance. As such, no modification to the allowance is recorded specifically due to a modified loan subsequently defaulting.

 

 

 

For the Three Months Ended

 

 

For the Three Months Ended

 

 

 

March 31, 2026

 

 

March 31, 2025

 

(unaudited, in thousands)

 

Term Extension

 

 

Payment Delay

 

 

Total

 

 

Term Extension

 

 

Payment Delay

 

 

Total

 

Commercial real estate - land and construction

 

$

 

 

$

 

 

$

 

 

$

 

 

$

 

 

$

 

Commercial real estate - improved property

 

 

 

 

 

 

 

 

 

 

 

3,469

 

 

 

 

 

 

3,469

 

Commercial and industrial

 

 

192

 

 

 

 

 

 

192

 

 

 

 

 

 

 

 

 

 

Residential real estate

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Home equity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

9

 

 

 

9

 

Consumer

 

 

 

 

 

 

 

 

 

 

 

 

 

 

38

 

 

 

38

 

Total loans that subsequently defaulted (1)

 

$

192

 

 

$

 

 

$

192

 

 

$

3,469

 

 

$

47

 

 

$

3,516

 

Summary of Aging Analysis of Portfolio Loans Restructured

The following tables present an aging analysis of portfolio loans by loan category that were modified during the twelve months prior to March 31, 2026 and March 31, 2025.

 

 

 

March 31, 2026

 

(unaudited, in thousands)

 

30-59 Days
Past Due

 

 

60-89 Days
Past Due

 

 

90 Days
or More
Past Due

 

 

Total
Past Due

 

 

Current

 

 

Total

 

Commercial real estate - land and construction

 

$

 

 

$

 

 

$

 

 

$

 

 

$

 

 

$

 

Commercial real estate - improved property

 

 

 

 

 

 

 

 

19,323

 

 

 

19,323

 

 

 

39,401

 

 

 

58,724

 

Commercial and industrial

 

 

3,261

 

 

 

 

 

 

192

 

 

 

3,453

 

 

 

2,929

 

 

 

6,382

 

Residential real estate

 

 

215

 

 

 

42

 

 

 

1,035

 

 

 

1,292

 

 

 

4,990

 

 

 

6,282

 

Home equity

 

 

18

 

 

 

 

 

 

525

 

 

 

543

 

 

 

1,045

 

 

 

1,588

 

Consumer

 

 

91

 

 

 

 

 

 

11

 

 

 

102

 

 

 

683

 

 

 

785

 

Total modified loans (1)

 

$

3,585

 

 

$

42

 

 

$

21,086

 

 

$

24,713

 

 

$

49,048

 

 

$

73,761

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

March 31, 2025

 

(unaudited, in thousands)

 

30-59 Days
Past Due

 

 

60-89 Days
Past Due

 

 

90 Days
or More
Past Due

 

 

Total
Past Due

 

 

Current

 

 

Total

 

Commercial real estate - land and construction

 

$

 

 

$

832

 

 

$

 

 

$

832

 

 

$

24,218

 

 

$

25,050

 

Commercial real estate - improved property

 

 

4,436

 

 

 

3,468

 

 

 

7,997

 

 

 

15,901

 

 

 

77,101

 

 

 

93,002

 

Commercial and industrial

 

 

7

 

 

 

31

 

 

 

6,995

 

 

 

7,033

 

 

 

5,749

 

 

 

12,782

 

Residential real estate

 

 

834

 

 

 

 

 

 

520

 

 

 

1,354

 

 

 

2,015

 

 

 

3,369

 

Home equity

 

 

248

 

 

 

131

 

 

 

242

 

 

 

621

 

 

 

862

 

 

 

1,483

 

Consumer

 

 

 

 

 

16

 

 

 

80

 

 

 

96

 

 

 

216

 

 

 

312

 

Total modified loans (1)

 

$

5,525

 

 

$

4,478

 

 

$

15,834

 

 

$

25,837

 

 

$

110,161

 

 

$

135,998

 

(1) Represents balance at period end.

Summary of Amortized Cost Basis Loan Balances by Year of Origination and Credit Quality Indicator

The following tables summarize amortized cost basis loan balances by year of origination and credit quality indicator:

 

 

 

Loans As of March 31, 2026

 

 

 

 

 

 

 

 

 

 

 

 

Amortized Cost Basis by Origination Year

 

 

 

 

 

 

 

 

 

 

(unaudited, in thousands)

 

2026

 

 

2025

 

 

2024

 

 

2023

 

 

2022

 

 

Prior

 

 

Revolving Loans Amortized Cost Basis

 

 

Revolving Loans Converted to Term

 

 

Total

 

Commercial real estate: land and construction

 

 

 

 

Risk rating:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pass

 

$

36,100

 

 

$

448,271

 

 

$

387,242

 

 

$

222,755

 

 

$

45,601

 

 

$

115,225

 

 

$

138,931

 

 

$

203,459

 

 

$

1,597,584

 

Criticized - compromised

 

 

 

 

 

 

 

 

 

 

 

203

 

 

 

432

 

 

 

117

 

 

 

1,999

 

 

 

974

 

 

 

3,725

 

Classified - substandard

 

 

 

 

 

 

 

 

197

 

 

 

 

 

 

1,001

 

 

 

2,087

 

 

 

 

 

 

27,615

 

 

 

30,900

 

Classified - doubtful

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

$

36,100

 

 

$

448,271

 

 

$

387,439

 

 

$

222,958

 

 

$

47,034

 

 

$

117,429

 

 

$

140,930

 

 

$

232,048

 

 

$

1,632,209

 

Current-period gross charge-offs

 

$

 

 

$

 

 

$

 

 

$

 

 

$

 

$

 

$

 

 

$

 

 

$

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial real estate: improved property

 

 

 

 

Risk rating:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pass

 

$

285,857

 

 

$

1,098,333

 

 

$

555,210

 

 

$

542,249

 

 

$

1,480,600

 

 

$

3,648,901

 

 

$

207,238

 

 

$

1,103,495

 

 

$

8,921,883

 

Criticized - compromised

 

 

 

 

 

 

 

 

30,487

 

 

 

13,947

 

 

 

62,339

 

 

 

50,834

 

 

 

4,027

 

 

 

35,725

 

 

 

197,359

 

Classified - substandard

 

 

 

 

 

818

 

 

 

21,255

 

 

 

13,103

 

 

 

63,093

 

 

 

43,631

 

 

 

296

 

 

 

8,628

 

 

 

150,824

 

Classified - doubtful

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

$

285,857

 

 

$

1,099,151

 

 

$

606,952

 

 

$

569,299

 

 

$

1,606,032

 

 

$

3,743,366

 

 

$

211,561

 

 

$

1,147,848

 

 

$

9,270,066

 

Current-period gross charge-offs

 

$

 

 

$

 

 

$

 

 

$

 

 

$

38

 

 

$

46

 

 

$

 

 

$

 

 

$

84

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial

 

 

 

 

Risk rating:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pass

 

$

105,307

 

 

$

367,394

 

 

$

192,305

 

 

$

150,433

 

 

$

260,645

 

$

412,823

 

 

$

931,276

 

 

$

192,606

 

 

$

2,612,789

 

Criticized - compromised

 

 

 

 

 

300

 

 

 

5,585

 

 

 

3,035

 

 

 

19,217

 

 

 

16,163

 

 

 

78,772

 

 

 

2,697

 

 

 

125,769

 

Classified - substandard

 

 

 

 

 

61

 

 

 

7,611

 

 

 

5,528

 

 

 

8,165

 

 

 

10,791

 

 

 

5,248

 

 

 

9,478

 

 

 

46,882

 

Classified - doubtful

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

$

105,307

 

 

$

367,755

 

 

$

205,501

 

 

$

158,996

 

 

$

288,027

 

 

$

439,777

 

 

$

1,015,296

 

 

$

204,781

 

 

$

2,785,440

 

Current-period gross charge-offs

 

$

 

 

$

 

 

$

1,422

 

 

$

443

 

 

$

1,416

 

 

$

1,109

 

 

$

8

 

 

$

183

 

 

$

4,581

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Residential real estate

 

 

 

 

Loan delinquency:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Current

 

$

60,548

 

 

$

289,969

 

 

$

129,282

 

 

$

238,789

 

 

$

715,503

 

 

$

1,587,836

 

 

$

 

 

$

852,719

 

 

$

3,874,646

 

30-59 days past due

 

 

 

 

 

600

 

 

 

860

 

 

 

763

 

 

 

1,629

 

 

 

6,986

 

 

 

 

 

 

2,224

 

 

 

13,062

 

60-89 days past due

 

 

 

 

 

536

 

 

 

391

 

 

 

1,128

 

 

 

2,687

 

 

 

3,739

 

 

 

 

 

 

879

 

 

 

9,360

 

90 days or more past due

 

 

 

 

 

624

 

 

 

1,407

 

 

 

3,518

 

 

 

2,279

 

 

 

12,513

 

 

 

 

 

 

2,800

 

 

 

23,141

 

Total

 

$

60,548

 

 

$

291,729

 

 

$

131,940

 

 

$

244,198

 

 

$

722,098

 

 

$

1,611,074

 

 

$

 

 

$

858,622

 

 

$

3,920,209

 

Current-period gross charge-offs

 

$

 

 

$

27

 

 

$

120

 

 

$

553

 

 

$

205

 

 

$

53

 

 

$

 

 

$

199

 

 

$

1,157

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Home equity

 

 

 

 

Loan delinquency:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Current

 

$

13,908

 

 

$

809

 

 

$

4,864

 

 

$

3,678

 

 

$

4,150

 

$

25,962

 

 

$

1,063,127

 

 

$

14,878

 

 

$

1,131,376

 

30-59 days past due

 

 

 

 

 

 

 

 

220

 

 

 

436

 

 

 

429

 

 

1,291

 

 

 

4,699

 

 

 

157

 

 

 

7,232

 

60-89 days past due

 

 

 

 

 

199

 

 

 

188

 

 

 

552

 

 

 

500

 

 

1,260

 

 

 

 

 

 

60

 

 

 

2,759

 

90 days or more past due

 

 

 

 

 

143

 

 

 

1,459

 

 

 

1,955

 

 

 

796

 

 

 

3,179

 

 

 

182

 

 

 

797

 

 

 

8,511

 

Total

 

$

13,908

 

 

$

1,151

 

 

$

6,731

 

 

$

6,621

 

 

$

5,875

 

 

$

31,692

 

 

$

1,068,008

 

 

$

15,892

 

 

$

1,149,878

 

Current-period gross charge-offs

 

$

 

 

$

30

 

 

$

166

 

 

$

89

 

 

$

45

 

 

$

166

 

 

$

3

 

 

$

17

 

 

$

516

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consumer

 

 

 

 

Loan delinquency:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Current

 

$

10,548

 

 

$

44,282

 

 

$

67,477

 

 

$

58,288

 

 

$

65,890

 

 

$

43,387

 

 

$

28,119

 

 

$

10

 

 

$

318,001

 

30-59 days past due

 

 

6

 

 

 

323

 

 

 

1,035

 

 

 

1,094

 

 

 

862

 

 

 

581

 

 

 

4

 

 

 

 

 

 

3,905

 

60-89 days past due

 

 

 

 

 

91

 

 

 

462

 

 

 

409

 

 

 

423

 

 

 

308

 

 

 

 

 

 

 

 

 

1,693

 

90 days or more past due

 

 

 

 

 

36

 

 

 

257

 

 

 

281

 

 

 

379

 

 

 

319

 

 

 

 

 

 

8

 

 

 

1,280

 

Total

 

$

10,554

 

 

$

44,732

 

 

$

69,231

 

 

$

60,072

 

 

$

67,554

 

 

$

44,595

 

 

$

28,123

 

 

$

18

 

 

$

324,879

 

Current-period gross charge-offs

 

$

1

 

 

$

230

 

 

$

634

 

 

$

478

 

 

$

556

 

 

$

375

 

 

$

7

 

 

$

 

 

$

2,281

 

 

 

 

Loans As of December 31, 2025

 

 

 

 

 

 

 

 

 

 

 

 

Amortized Cost Basis by Origination Year

 

 

 

 

 

 

 

 

 

 

(in thousands)

 

2025

 

 

2024

 

 

2023

 

 

2022

 

 

2021

 

 

Prior

 

 

Revolving Loans Amortized Cost Basis

 

 

Revolving Loans Converted to Term

 

 

Total

 

Commercial real estate: land and construction

 

 

 

 

Risk rating:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pass

 

$

376,564

 

 

$

427,548

 

 

$

293,344

 

 

$

113,269

 

 

$

56,846

 

 

$

73,874

 

 

$

160,549

 

 

$

246,266

 

 

$

1,748,260

 

Criticized - compromised

 

 

86

 

 

 

 

 

 

104

 

 

 

1,016

 

 

 

 

 

 

1,461

 

 

 

2,000

 

 

 

3,664

 

 

 

8,331

 

Classified - substandard

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

48

 

 

 

 

 

 

26,998

 

 

 

27,046

 

Classified - doubtful

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

$

376,650

 

 

$

427,548

 

 

$

293,448

 

 

$

114,285

 

 

$

56,846

 

 

$

75,383

 

 

$

162,549

 

 

$

276,928

 

 

$

1,783,637

 

Current-period gross charge-offs

 

$

 

 

$

 

 

$

 

 

$

 

 

$

 

 

$

 

 

$

 

 

$

 

 

$

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial real estate: improved property

 

 

 

 

Risk rating:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pass

 

$

1,095,343

 

 

$

552,084

 

 

$

565,203

 

 

$

1,434,869

 

 

$

870,120

 

 

$

2,903,510

 

 

$

213,380

 

 

$

1,078,167

 

 

$

8,712,676

 

Criticized - compromised

 

 

 

 

 

56,128

 

 

 

19,680

 

 

 

93,507

 

 

 

19,403

 

 

 

46,350

 

 

 

69

 

 

 

85,048

 

 

 

320,185

 

Classified - substandard

 

 

237

 

 

 

20,754

 

 

 

6,563

 

 

 

39,305

 

 

 

3,699

 

 

 

40,437

 

 

 

 

 

 

11,341

 

 

 

122,336

 

Classified - doubtful

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

$

1,095,580

 

 

$

628,966

 

 

$

591,446

 

 

$

1,567,681

 

 

$

893,222

 

 

$

2,990,297

 

 

$

213,449

 

 

$

1,174,556

 

 

$

9,155,197

 

Current-period gross charge-offs

 

$

 

 

$

 

 

$

112

 

 

$

7

 

 

$

142

 

 

$

4,221

 

 

$

 

 

$

35

 

 

$

4,517

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial

 

 

 

 

Risk rating:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pass

 

$

441,249

 

 

$

209,251

 

 

$

161,292

 

 

$

284,974

 

 

$

167,107

 

 

$

285,489

 

 

$

988,436

 

 

$

199,065

 

 

$

2,736,863

 

Criticized - compromised

 

 

160

 

 

 

5,211

 

 

 

3,453

 

 

 

20,461

 

 

 

5,770

 

 

 

7,984

 

 

 

37,689

 

 

 

3,824

 

 

 

84,552

 

Classified - substandard

 

 

27

 

 

 

3,077

 

 

 

5,200

 

 

 

5,988

 

 

 

3,816

 

 

 

8,410

 

 

 

6,701

 

 

 

9,259

 

 

 

42,478

 

Classified - doubtful

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

$

441,436

 

 

$

217,539

 

 

$

169,945

 

 

$

311,423

 

 

$

176,693

 

 

$

301,883

 

 

$

1,032,826

 

 

$

212,148

 

 

$

2,863,893

 

Current-period gross charge-offs

 

$

 

 

$

1,453

 

 

$

739

 

 

$

1,138

 

 

$

553

 

 

$

959

 

 

$

1,088

 

 

$

1,318

 

 

$

7,248

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Residential real estate

 

 

 

 

Loan delinquency:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Current

 

$

301,928

 

 

$

148,830

 

 

$

252,536

 

 

$

726,653

 

 

$

625,616

 

 

$

1,002,612

 

 

$

 

 

$

831,319

 

 

$

3,889,494

 

30-59 days past due

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

738

 

 

 

 

 

 

 

 

 

738

 

60-89 days past due

 

 

119

 

 

 

1,152

 

 

 

1,399

 

 

 

2,362

 

 

 

1,928

 

 

 

5,742

 

 

 

 

 

 

811

 

 

 

13,513

 

90 days or more past due

 

 

501

 

 

 

1,905

 

 

 

5,270

 

 

 

6,116

 

 

 

3,407

 

 

 

14,477

 

 

 

 

 

 

3,164

 

 

 

34,840

 

Total

 

$

302,548

 

 

$

151,887

 

 

$

259,205

 

 

$

735,131

 

 

$

630,951

 

 

$

1,023,569

 

 

$

 

 

$

835,294

 

 

$

3,938,585

 

Current-period gross charge-offs

 

$

 

 

$

62

 

 

$

173

 

 

$

602

 

 

$

29

 

 

$

528

 

 

$

 

 

$

71

 

 

$

1,465

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Home equity

 

 

 

 

Loan delinquency:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Current

 

$

13,731

 

 

$

3,717

 

 

$

3,194

 

 

$

3,665

 

 

$

1,852

 

 

$

22,200

 

 

$

1,042,133

 

 

$

16,160

 

 

$

1,106,652

 

30-59 days past due

 

 

177

 

 

 

728

 

 

 

324

 

 

 

729

 

 

 

141

 

 

 

2,126

 

 

 

5,427

 

 

 

286

 

 

 

9,938

 

60-89 days past due

 

 

11

 

 

 

713

 

 

 

812

 

 

 

990

 

 

 

253

 

 

 

1,171

 

 

 

110

 

 

 

102

 

 

 

4,162

 

90 days or more past due

 

 

55

 

 

 

1,256

 

 

 

1,932

 

 

 

1,253

 

 

 

596

 

 

 

2,628

 

 

 

76

 

 

 

846

 

 

 

8,642

 

Total

 

$

13,974

 

 

$

6,414

 

 

$

6,262

 

 

$

6,637

 

 

$

2,842

 

 

$

28,125

 

 

$

1,047,746

 

 

$

17,394

 

 

$

1,129,394

 

Current-period gross charge-offs

 

$

 

 

$

79

 

 

$

562

 

 

$

322

 

 

$

137

 

 

$

387

 

 

$

42

 

 

$

36

 

 

$

1,565

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consumer

 

 

 

 

Loan delinquency:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Current

 

$

54,554

 

 

$

74,906

 

 

$

65,337

 

 

$

74,538

 

 

$

24,333

 

 

$

24,369

 

 

$

27,857

 

 

$

33

 

 

$

345,927

 

30-59 days past due

 

 

319

 

 

 

1,234

 

 

 

1,435

 

 

 

1,621

 

 

 

553

 

 

 

545

 

 

 

412

 

 

 

 

 

 

6,119

 

60-89 days past due

 

 

82

 

 

 

533

 

 

 

471

 

 

 

436

 

 

 

140

 

 

 

160

 

 

 

 

 

 

 

 

 

1,822

 

90 days or more past due

 

 

97

 

 

 

258

 

 

 

504

 

 

 

503

 

 

 

157

 

 

 

339

 

 

 

 

 

 

 

 

 

1,858

 

Total

 

$

55,052

 

 

$

76,931

 

 

$

67,747

 

 

$

77,098

 

 

$

25,183

 

 

$

25,413

 

 

$

28,269

 

 

$

33

 

 

$

355,726

 

Current-period gross charge-offs

 

$

262

 

 

$

2,424

 

 

$

1,931

 

 

$

2,168

 

 

$

937

 

 

$

712

 

 

$

 

 

$

 

 

$

8,434

 

Summary of Other Real Estate Owned and Repossessed Assets

The following table summarizes other real estate owned and repossessed assets included in other assets:

 

 

March 31,

 

 

December 31,

 

(unaudited, in thousands)

 

2026

 

 

2025

 

Other real estate owned

 

$

1,007

 

 

$

618

 

Repossessed assets

 

 

316

 

 

 

289

 

Total other real estate owned and repossessed assets

 

$

1,323

 

 

$

907

 

v3.26.1
Investments in Limited Partnerships (Tables)
3 Months Ended
Mar. 31, 2026
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Equity Commitments

The following table presents the scheduled equity commitments to be paid to the limited partnerships over the next five years and in the aggregate thereafter as of March 31, 2026:

 

Year (unaudited, in thousands)

 

Amount

 

2026

 

$

12,584

 

2027

 

 

8,667

 

2028

 

 

6,015

 

2029

 

 

1,936

 

2030

 

 

1,588

 

2031 and thereafter

 

 

3,058

 

Total

 

$

33,848

 

v3.26.1
Derivatives and Hedging Activities (Tables)
3 Months Ended
Mar. 31, 2026
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 March 31, 2026 and December 31, 2025:

 

 

 

March 31, 2026

 

 

December 31, 2025

 

(unaudited, in thousands)

 

Notional or
Contractual
Amount

 

 

Asset
Derivatives

 

 

Liability
Derivatives

 

 

Notional or
Contractual
Amount

 

 

Asset
Derivative
s

 

 

Liability
Derivatives

 

Derivatives

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loan Swaps:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest rate swaps and caps

 

$

2,574,932

 

 

$

55,409

 

 

$

56,559

 

 

$

2,612,677

 

 

$

63,144

 

 

$

64,181

 

Other contracts:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest rate lock commitments

 

 

35,811

 

 

 

690

 

 

 

 

 

 

27,615

 

 

 

692

 

 

 

 

Forward TBA contracts

 

 

92,093

 

 

 

693

 

 

 

 

 

 

91,000

 

 

 

 

 

 

213

 

Total derivatives

 

 

 

 

$

56,792

 

 

$

56,559

 

 

 

 

 

$

63,836

 

 

$

64,394

 

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 non-interest income on the consolidated income statement for the three months ended March 31, 2026 and 2025, respectively.

 

 

 

 

For the Three Months
Ended March 31,

 

(unaudited, in thousands)

Location of Gain/(Loss)

 

2026

 

 

2025

 

Interest rate swaps and caps

Net swap fee and valuation income

 

$

(112

)

 

$

(1,009

)

Interest rate lock commitments

Mortgage banking income

 

 

(2

)

 

 

1,259

 

Forward TBA contracts

Mortgage banking income

 

 

485

 

 

 

(498

)

Total

 

 

$

371

 

 

$

(248

)

v3.26.1
Benefit Plans (Tables)
3 Months Ended
Mar. 31, 2026
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)

 

2026

 

 

2025

 

Service cost – benefits earned during year

 

$

228

 

 

$

264

 

Interest cost on projected benefit obligation

 

 

741

 

 

 

758

 

Expected return on plan assets

 

 

(1,663

)

 

 

(1,585

)

Amortization of prior service cost

 

 

(9

)

 

 

(9

)

Amortization of net (gain) loss

 

 

(161

)

 

 

(48

)

Net periodic pension income

 

$

(864

)

 

$

(620

)

v3.26.1
Fair Value Measurement (Tables)
3 Months Ended
Mar. 31, 2026
Fair Value Disclosures [Abstract]  
Schedule of Fair Value of Assets and Liabilities Measured on Recurring and Nonrecurring Basis

The fair value amounts presented in the tables below are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the statement of financial position. The following tables set forth Wesbanco’s financial assets and liabilities that were accounted for at fair value on a recurring and nonrecurring basis by level within the fair value hierarchy as of March 31, 2026 and December 31, 2025:

 

 

 

 

 

 

March 31, 2026

 

 

 

 

 

 

Fair Value Measurements Using:

 

 

 

March 31,

 

 

Quoted Prices in
Active Markets
for Identical
Assets

 

 

Significant
Other
Observable
Inputs

 

 

Significant
Unobservable
Inputs

 

(unaudited, in thousands)

 

2026

 

 

(level 1)

 

 

(level 2)

 

 

(level 3)

 

Recurring fair value measurements

 

 

 

 

 

 

 

 

 

 

 

 

Equity securities

 

$

30,256

 

 

$

30,256

 

 

$

 

 

$

 

Available-for-sale debt securities

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Treasury

 

 

196,415

 

 

 

196,415

 

 

 

 

 

 

 

U.S. Government sponsored entities and agencies

 

 

217,395

 

 

 

 

 

 

217,395

 

 

 

 

Residential mortgage-backed securities and collateralized mortgage obligations of government sponsored entities and agencies

 

 

2,634,462

 

 

 

 

 

 

2,634,462

 

 

 

 

Commercial mortgage-backed securities and collateralized mortgage obligations of government sponsored entities and agencies

 

 

57,971

 

 

 

 

 

 

57,971

 

 

 

 

Asset backed securities

 

 

66,908

 

 

 

 

 

 

66,908

 

 

 

 

Obligations of states and political subdivisions

 

 

76,320

 

 

 

 

 

 

74,090

 

 

 

2,230

 

Corporate debt securities

 

 

48,766

 

 

 

 

 

 

48,766

 

 

 

 

Total available-for-sale debt securities

 

$

3,298,237

 

 

$

196,415

 

 

$

3,099,592

 

 

$

2,230

 

Loans held for sale

 

 

59,281

 

 

 

 

 

 

59,281

 

 

 

 

Other assets - interest rate swaps

 

 

55,409

 

 

 

 

 

 

55,409

 

 

 

 

Total assets recurring fair value measurements

 

$

3,443,183

 

 

$

226,671

 

 

$

3,214,282

 

 

$

2,230

 

Other liabilities - interest rate swaps

 

$

56,559

 

 

$

 

 

$

56,559

 

 

$

 

Total liabilities recurring fair value measurements

 

$

56,559

 

 

$

 

 

$

56,559

 

 

$

 

Nonrecurring fair value measurements

 

 

 

 

 

 

 

 

 

 

 

 

Collateral dependent loans

 

$

18,191

 

 

$

 

 

$

 

 

$

18,191

 

Other real estate owned and repossessed assets

 

 

1,323

 

 

 

 

 

 

 

 

 

1,323

 

Total nonrecurring fair value measurements

 

$

19,514

 

 

$

 

 

$

 

 

$

19,514

 

 

 

 

 

 

 

 

December 31, 2025

 

 

 

 

 

 

Fair Value Measurements Using:

 

 

 

December 31,

 

 

Quoted Prices in
Active Markets
for Identical
Assets

 

 

Significant
Other
Observable
Inputs

 

 

Significant
Unobservable
Inputs

 

(in thousands)

 

2025

 

 

(level 1)

 

 

(level 2)

 

 

(level 3)

 

Recurring fair value measurements

 

 

 

 

 

 

 

 

 

 

 

 

Equity securities

 

$

30,809

 

 

$

30,809

 

 

$

 

 

$

 

Available-for-sale debt securities:

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Treasury

 

 

196,857

 

 

 

196,857

 

 

 

 

 

 

 

U.S. Government sponsored entities and agencies

 

 

222,997

 

 

 

 

 

 

222,997

 

 

 

 

Residential mortgage-backed securities and collateralized
   mortgage obligations of government sponsored
   entities and agencies

 

 

2,610,448

 

 

 

 

 

 

2,610,448

 

 

 

 

Commercial mortgage-backed securities and collateralized
   mortgage obligations of government sponsored entities
   and agencies

 

 

63,615

 

 

 

 

 

 

63,615

 

 

 

 

Asset backed securities

 

 

68,935

 

 

 

 

 

 

68,935

 

 

 

 

Obligations of state and political subdivisions

 

 

73,188

 

 

 

 

 

 

70,903

 

 

 

2,285

 

Corporate debt securities

 

 

52,292

 

 

 

 

 

 

52,292

 

 

 

 

Total available-for-sale debt securities

 

$

3,288,332

 

 

$

196,857

 

 

$

3,089,190

 

 

$

2,285

 

Loans held for sale

 

 

87,454

 

 

 

 

 

 

87,454

 

 

 

 

Other assets—interest rate derivatives agreements

 

 

63,144

 

 

 

 

 

 

63,144

 

 

 

 

Total assets recurring fair value measurements

 

$

3,469,739

 

 

$

227,666

 

 

$

3,239,788

 

 

$

2,285

 

Other liabilities—interest rate derivatives agreements

 

$

64,181

 

 

$

 

 

$

64,181

 

 

$

 

Total liabilities recurring fair value measurements

 

$

64,181

 

 

$

 

 

$

64,181

 

 

$

 

Nonrecurring fair value measurements

 

 

 

 

 

 

 

 

 

 

 

 

Collateral dependent loans

 

$

20,400

 

 

$

 

 

$

 

 

$

20,400

 

Other real estate owned and repossessed assets

 

 

907

 

 

 

 

 

 

 

 

 

907

 

Total nonrecurring fair value measurements

 

$

21,307

 

 

$

 

 

$

 

 

$

21,307

 

Schedule of Assets Measured at Fair Value on Nonrecurring Basis

The following table presents additional quantitative information about assets measured at fair value on a nonrecurring basis and for which Wesbanco has utilized level 3 inputs to determine fair value:

 

 

 

Quantitative Information about Level 3 Fair Value Measurements

 

 

Fair Value

 

 

Valuation

 

Unobservable

 

Range (Weighted

(unaudited, in thousands)

 

Estimate

 

 

Techniques

 

Input

 

Average)

March 31, 2026

 

 

 

 

 

 

 

 

 

Collateral dependent loans

 

$

18,191

 

 

Appraisal of collateral (1)

 

Appraisal adjustments (2)

 

(0.0%)-(31.9%)/(9.4%)

 

 

 

 

 

 

 

Liquidation expenses (2)

 

(7.2%)-(10.5%)/(9.5%)

Other real estate owned and repossessed assets

 

$

1,323

 

 

Appraisal of collateral (1), (3)

 

 

December 31, 2025

 

 

 

 

 

 

 

 

 

Collateral dependent loans

 

$

20,400

 

 

Appraisal of collateral (1)

 

Appraisal adjustments (2)

 

0.0%-(20.8%)/(7.3%)

 

 

 

 

 

 

 

Liquidation expenses (2)

 

(8.2%)-(10.5%)/(9.7%)

Other real estate owned and repossessed assets

 

$

907

 

 

Appraisal of collateral (1), (3)

 

 

 

(1)
Fair value is generally determined through independent appraisals of the underlying collateral, which generally include various level 3 inputs, which are not identifiable.
(2)
Appraisals may be adjusted by management for qualitative factors such as economic conditions and estimated liquidation expenses. The range and weighted average of appraisal adjustments and liquidation expense are presented as a percent of the appraisal.
(3)
Includes estimated liquidation expenses and numerous dissimilar qualitative adjustments by management, which are not identifiable.
Estimates Fair Values of Financial Instruments

The estimated fair values of Wesbanco’s financial instruments are summarized below:

 

 

 

 

 

 

 

 

 

Fair Value Measurements at

 

 

 

 

 

 

 

 

 

March 31, 2026

 

 

 

Carrying

 

 

Fair Value

 

 

Quoted Prices in
Active Markets
for Identical
Assets

 

 

Significant
Other
Observable
Inputs

 

 

Significant
Unobservable
Inputs

 

(unaudited, in thousands)

 

Amount

 

 

Estimate

 

 

(level 1)

 

 

(level 2)

 

 

(level 3)

 

Financial Assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash and due from banks

 

$

960,410

 

 

$

960,410

 

 

$

960,410

 

 

$

 

 

$

 

Equity securities

 

 

30,256

 

 

 

30,256

 

 

 

30,256

 

 

 

 

 

 

 

Available-for-sale debt securities

 

 

3,298,237

 

 

 

3,298,237

 

 

 

196,415

 

 

 

3,099,592

 

 

 

2,230

 

Net held-to-maturity debt securities

 

 

1,120,446

 

 

 

1,011,303

 

 

 

 

 

 

1,011,167

 

 

 

136

 

Net loans

 

 

18,872,658

 

 

 

18,635,203

 

 

 

 

 

 

 

 

 

18,635,203

 

Loans held for sale

 

 

59,281

 

 

 

59,281

 

 

 

 

 

 

59,281

 

 

 

 

Other assets - interest rate derivatives

 

 

55,409

 

 

 

55,409

 

 

 

 

 

 

55,409

 

 

 

 

Accrued interest receivable

 

 

105,288

 

 

 

105,288

 

 

 

105,288

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Financial Liabilities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Deposits

 

 

21,668,274

 

 

 

21,654,043

 

 

 

18,938,970

 

 

 

2,715,073

 

 

 

 

Federal Home Loan Bank borrowings

 

 

975,000

 

 

 

975,373

 

 

 

 

 

 

975,373

 

 

 

 

Other borrowings

 

 

114,068

 

 

 

107,454

 

 

 

107,454

 

 

 

 

 

 

 

Subordinated debt and junior subordinated debt

 

 

308,683

 

 

 

294,498

 

 

 

 

 

 

294,498

 

 

 

 

Other liabilities - interest rate derivatives

 

 

56,559

 

 

 

56,559

 

 

 

 

 

 

56,559

 

 

 

 

Accrued interest payable

 

 

19,917

 

 

 

19,917

 

 

 

19,917

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fair Value Measurements at

 

 

 

 

 

 

 

 

 

December 31, 2025

 

 

 

Carrying

 

 

Fair Value

 

 

Quoted Prices in
Active Markets
for Identical
Assets

 

 

Significant
Other
Observable
Inputs

 

 

Significant
Unobservable
Inputs

 

(in thousands)

 

Amount

 

 

Estimate

 

 

(level 1)

 

 

(level 2)

 

 

(level 3)

 

Financial Assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash and due from banks

 

$

956,109

 

 

$

956,109

 

 

$

956,109

 

 

$

 

 

$

 

Equity securities

 

 

30,809

 

 

 

30,809

 

 

 

30,809

 

 

 

 

 

 

 

Available-for-sale debt securities

 

 

3,288,332

 

 

 

3,288,332

 

 

 

196,857

 

 

 

3,089,190

 

 

 

2,285

 

Net held-to-maturity debt securities

 

 

1,131,946

 

 

 

1,035,957

 

 

 

 

 

 

1,035,821

 

 

 

136

 

Net loans

 

 

19,007,683

 

 

 

18,563,341

 

 

 

 

 

 

 

 

 

18,563,341

 

Loans held for sale

 

 

87,454

 

 

 

87,454

 

 

 

 

 

 

87,454

 

 

 

 

Other assets—interest rate derivatives

 

 

63,144

 

 

 

63,144

 

 

 

 

 

 

63,144

 

 

 

 

Accrued interest receivable

 

 

106,651

 

 

 

106,651

 

 

 

106,651

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Financial Liabilities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Deposits

 

 

21,668,840

 

 

 

21,657,121

 

 

 

18,793,468

 

 

 

2,863,653

 

 

 

 

Federal Home Loan Bank borrowings

 

 

1,200,000

 

 

 

1,200,761

 

 

 

 

 

 

1,200,761

 

 

 

 

Other borrowings

 

 

110,679

 

 

 

105,240

 

 

 

105,240

 

 

 

 

 

 

 

Subordinated debt and junior subordinated debt

 

 

308,529

 

 

 

298,974

 

 

 

 

 

 

298,974

 

 

 

 

Other liabilities—interest rate derivatives

 

 

64,181

 

 

 

64,181

 

 

 

 

 

 

64,181

 

 

 

 

Accrued interest payable

 

 

19,150

 

 

 

19,150

 

 

 

19,150

 

 

 

 

 

 

 

v3.26.1
Revenue Recognition (Tables)
3 Months Ended
Mar. 31, 2026
Revenue Recognition [Abstract]  
Summary of Revenue Recognition

The following table summarizes the point of revenue recognition and the income recognized for each of the revenue streams for the three months ended March 31, 2026 and 2025, respectively:

 

 

 

Point of Revenue

 

For the Three Months
Ended March 31,

 

(unaudited, in thousands)

 

Recognition

 

2026

 

 

2025

 

Revenue Streams

 

 

 

 

 

 

Trust fees

 

 

 

 

 

 

 

 

Trust account fees

 

Over time

 

$

8,350

 

 

$

6,673

 

WesMark fees

 

Over time

 

 

2,092

 

 

 

2,024

 

Total trust fees

 

 

 

 

10,442

 

 

 

8,697

 

Service charges on deposits

 

 

 

 

 

 

 

 

Commercial banking fees

 

Over time

 

 

2,617

 

 

 

1,937

 

Personal service charges

 

At a point in time and over time

 

 

8,344

 

 

 

6,650

 

Total service charges on deposits

 

 

 

 

10,961

 

 

 

8,587

 

Net securities brokerage revenue

 

 

 

 

 

 

 

 

Annuity commissions

 

At a point in time

 

 

2,297

 

 

 

1,987

 

Equity and debt security trades

 

At a point in time

 

 

160

 

 

 

124

 

Managed money

 

Over time

 

 

633

 

 

 

327

 

Trail commissions

 

Over time

 

 

382

 

 

 

262

 

Total net securities brokerage revenue

 

 

 

 

3,472

 

 

 

2,701

 

 

 

 

 

 

 

 

 

 

Payment processing fees (1)

 

At a point in time and over time

 

 

871

 

 

 

891

 

Digital banking income

 

At a point in time

 

 

6,599

 

 

 

5,404

 

Net swap fee and valuation income (2)

 

At a point in time

 

 

1,062

 

 

 

961

 

Mortgage banking income

 

At a point in time

 

 

919

 

 

 

1,140

 

Net gain/(loss) on other real estate owned and other assets

 

At a point in time and over time

 

 

546

 

 

 

(40

)

 

(1)
Included in other non-interest income.
(2)
The portion of this line item relating to the change in the fair value of the underlying swaps is not within the scope of ASC 606, and totaled fair value adjustments of ($0.1) million and ($1.0) million for the three months ended March 31, 2026 and 2025, respectively.
v3.26.1
Comprehensive Income/(Loss) (Tables)
3 Months Ended
Mar. 31, 2026
Equity [Abstract]  
Components of Accumulated Other Comprehensive Income (Loss)

The activity in accumulated other comprehensive income/(loss) for the three months ended March 31, 2026 and 2025 is as follows:

 

 

 

Accumulated Other Comprehensive Income/(Loss) (1)

 

(unaudited, in thousands)

 

Defined
Benefit
Plans

 

 

Unrealized
Gains (Losses)
on Debt Securities
Available-for-Sale

 

 

Total

 

Balance at December 31, 2025

 

$

6,584

 

 

$

(139,904

)

 

$

(133,320

)

Other comprehensive income before reclassifications

 

 

 

 

 

(13,379

)

 

 

(13,379

)

Amounts reclassified from accumulated other comprehensive income

 

 

(227

)

 

 

(269

)

 

 

(496

)

Period change

 

 

(227

)

 

 

(13,648

)

 

 

(13,875

)

Balance at March 31, 2026

 

$

6,357

 

 

$

(153,552

)

 

$

(147,195

)

 

 

 

 

 

 

 

 

 

 

Balance at December 31, 2024

 

$

5,124

 

 

$

(223,756

)

 

$

(218,632

)

Other comprehensive income before reclassifications

 

 

 

 

 

28,136

 

 

 

28,136

 

Amounts reclassified from accumulated other comprehensive income

 

 

(128

)

 

 

(86

)

 

 

(214

)

Period change

 

 

(128

)

 

 

28,050

 

 

 

27,922

 

Balance at March 31, 2025

 

$

4,996

 

 

$

(195,706

)

 

$

(190,710

)

 

(1)
All amounts are net of tax. Related income tax expense or benefit is calculated using a combined Federal and State income tax rate approximating 24% in both periods presented.
Schedule of Amounts Reclassified from Accumulated Other Comprehensive Income

The following table provides details about amounts reclassified from accumulated other comprehensive income for the three months ended March 31, 2026 and 2025:

 

Details about Accumulated Other Comprehensive
Income/(Loss) Components

For the Three Months
Ended March 31,

 

 

 

Affected Line Item in the Statement
of Comprehensive Income

(unaudited, in thousands)

2026

 

 

2025

 

 

 

 

Debt securities available-for-sale (1):

 

 

 

 

 

 

 

 

Net securities gains reclassified into earnings

$

(37

)

 

$

(40

)

 

 

Net securities gains/(losses) (Non-interest income)

Related income tax effect ⁽²⁾

 

11

 

 

 

12

 

 

 

Provision for income taxes

        Amortization of state tax rate change reclassified into earnings

 

(243

)

 

 

(58

)

 

 

Provision for income taxes

Net effect on accumulated other comprehensive
   income for the period

 

(269

)

 

 

(86

)

 

 

 

 

 

 

 

 

 

 

 

 

Defined benefit plans (3):

 

 

 

 

 

 

 

 

Amortization of net gain and prior service costs

 

(295

)

 

 

(172

)

 

 

Employee benefits (Non-interest expense)

Related income tax effect ⁽²⁾

 

68

 

 

 

44

 

 

 

Provision for income taxes

Net effect on accumulated other comprehensive
   income for the period

 

(227

)

 

 

(128

)

 

 

 

Total reclassifications for the period

$

(496

)

 

$

(214

)

 

 

 

 

(1)
For additional detail related to unrealized gains on securities and related amounts reclassified from accumulated other comprehensive income, see Note 4, “Securities.”
(2)
Income tax expense or benefit is calculated using a combined Federal and State income tax rate approximating 24% in both periods presented.
(3)
Included in the computation of net periodic pension cost. See Note 7, “Benefit Plans” for additional detail.
v3.26.1
Commitments and Contingent Liabilities (Tables)
3 Months Ended
Mar. 31, 2026
Commitments and Contingencies Disclosure [Abstract]  
Commitments to Extend Credit, Guarantees and Various Letters of Credit Outstanding

The following table presents total commitments to extend credit, guarantees and various letters of credit outstanding:

 

 

 

March 31,

 

 

December 31,

 

(unaudited, in thousands)

 

2026

 

 

2025

 

Lines of credit

 

$

5,296,647

 

 

$

5,231,344

 

Loans approved but not closed

 

 

612,527

 

 

 

469,694

 

Overdraft limits

 

 

562,486

 

 

 

556,063

 

Letters of credit

 

 

61,167

 

 

 

56,030

 

Contingent obligations and other guarantees

 

 

32,379

 

 

 

36,179

 

v3.26.1
Business Segments (Tables)
3 Months Ended
Mar. 31, 2026
Segment Reporting [Abstract]  
Schedule of Financial Information to Wesbanco's Business Segment

The following tables present selected financial information with respect to Wesbanco’s business segments for the three months ended March 31, 2026 and 2025 as received and reviewed on a regular basis by the CODM:

(unaudited, in thousands)

 

Community
Banking

 

 

Trust and
Investment
Services

 

 

Corporate
Other

 

 

Totals

 

For The Three Months Ended March 31, 2026:

 

 

 

 

 

 

 

 

 

 

 

 

Interest and dividend income

 

$

325,624

 

 

$

 

 

$

 

 

 

 

Less: Interest expense (1)

 

 

104,323

 

 

 

1,820

 

 

 

4,080

 

 

 

 

Net interest income

 

 

221,301

 

 

 

(1,820

)

 

 

(4,080

)

 

 

 

Less: Provision for credit losses

 

 

(897

)

 

 

 

 

 

 

 

 

 

Net interest income after provision for credit losses

 

 

222,198

 

 

 

(1,820

)

 

 

(4,080

)

 

 

 

Non-interest income:

 

 

 

 

 

 

 

 

 

 

 

 

    Trust fees

 

 

 

 

 

8,350

 

 

 

 

 

 

 

    WesMark fees

 

 

 

 

 

2,092

 

 

 

 

 

 

 

    Service charges on deposits

 

 

10,961

 

 

 

 

 

 

 

 

 

 

    Digital banking income

 

 

6,599

 

 

 

 

 

 

 

 

 

 

    Net swap fee and valuation income

 

 

1,062

 

 

 

 

 

 

 

 

 

 

    Net securities brokerage revenue

 

 

3,472

 

 

 

 

 

 

 

 

 

 

    Net insurance services revenue

 

 

1,209

 

 

 

 

 

 

 

 

 

 

    Bank-owned life insurance

 

 

3,811

 

 

 

 

 

 

 

 

 

 

    Payment processing fees

 

 

871

 

 

 

 

 

 

 

 

 

 

    Net securities losses

 

 

(13

)

 

 

 

 

 

 

 

 

 

    Net loss on other real estate owned and other assets

 

 

546

 

 

 

 

 

 

 

 

 

 

    Mortgage banking income

 

 

919

 

 

 

 

 

 

 

 

 

 

    Other income

 

 

1,949

 

 

 

 

 

 

3

 

 

 

 

Total revenues

 

$

253,584

 

 

$

8,622

 

 

$

(4,077

)

 

$

258,129

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Less (2):

 

 

 

 

 

 

 

 

 

 

 

 

    Salaries and wages

 

 

61,820

 

 

 

2,144

 

 

 

 

 

 

 

    Employee benefits

 

 

17,067

 

 

 

544

 

 

 

 

 

 

 

    Net occupancy (3)

 

 

8,457

 

 

 

72

 

 

 

 

 

 

 

    Equipment and software (4)

 

 

15,394

 

 

 

284

 

 

 

 

 

 

 

    Miscellaneous taxes

 

 

4,669

 

 

 

2

 

 

 

 

 

 

 

    Professional services

 

 

4,678

 

 

 

143

 

 

 

2,631

 

 

 

 

    Marketing

 

 

1,514

 

 

 

12

 

 

 

 

 

 

 

    FDIC insurance

 

 

4,784

 

 

 

 

 

 

 

 

 

 

    Supplies

 

 

2,008

 

 

 

48

 

 

 

 

 

 

 

    Telecommunications

 

 

1,170

 

 

 

 

 

 

 

 

 

 

    General administration

 

 

1,652

 

 

 

53

 

 

 

370

 

 

 

 

    Merger-related and restructuring

 

 

3,338

 

 

 

 

 

 

375

 

 

 

 

    Amortization of intangibles

 

 

6,864

 

 

 

296

 

 

 

 

 

 

 

    Corporate overhead expenses (5)

 

 

 

 

 

1,967

 

 

 

 

 

 

 

    Other segment items (6)

 

 

4,169

 

 

 

146

 

 

 

34

 

 

 

 

Segment profit (loss) before provision for income taxes

 

 

116,000

 

 

 

2,911

 

 

 

(7,487

)

 

 

 

Provision for income taxes

 

 

23,869

 

 

 

611

 

 

 

(1,691

)

 

 

 

Segment profit (loss)

 

$

92,131

 

 

$

2,300

 

 

$

(5,796

)

 

$

88,635

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Reconciliation of segment profit

 

 

 

 

 

 

 

 

 

 

 

 

Preferred stock dividends

 

 

 

 

 

 

 

 

 

 

 

(4,240

)

Net income available to common shareholders

 

 

 

 

 

 

 

 

 

 

$

84,395

 

(1) Within Corporate other, this represents interest expense on subordinated and junior subordinated debt issued by the parent company of Wesbanco.

(2) The significant expense categories and amounts align with the segment-level information that is regularly provided to the CODM.

(3) Includes depreciation and amortization expense of $2.1 million for the community banking segment. Such expenses for the trust and investment services segment are immaterial.

(4) Includes depreciation and amortization expense of $2.9 million for the community banking segment. Such expenses for the trust and investment services segment are immaterial.

(5) Corporate overhead expenses allocated to the trust and investment services segment consist of audit and accounting services, human resources, bank administration and information technology.

(6) Other segment items included in segment expenses for the community banking segment include ATM and digital banking interchange expenses, correspondent service fee expense, postage expense, corporate insurance expense and other general banking service expenses. Other segment items included in segment expenses for the trust and investment services segment include postage expense, securities safekeeping expense and other miscellaneous operating expenses.

 

 

(unaudited, in thousands)

 

Community
Banking

 

 

Trust and
Investment
Services

 

 

Corporate
Other

 

 

Totals

 

For The Three Months Ended March 31, 2025:

 

 

 

 

 

 

 

 

 

 

 

 

Interest and dividend income

 

$

253,232

 

 

$

 

 

$

 

 

 

 

Less: Interest expense (1)

 

 

89,649

 

 

 

935

 

 

 

4,129

 

 

 

 

Net interest income

 

 

163,583

 

 

 

(935

)

 

 

(4,129

)

 

 

 

Less: Provision for credit losses

 

 

68,883

 

 

 

 

 

 

 

 

 

 

Net interest income after provision for credit losses

 

 

94,700

 

 

 

(935

)

 

 

(4,129

)

 

 

 

Non-interest income:

 

 

 

 

 

 

 

 

 

 

 

 

    Trust fees

 

 

 

 

 

6,673

 

 

 

 

 

 

 

    WesMark fees

 

 

 

 

 

2,024

 

 

 

 

 

 

 

    Service charges on deposits

 

 

8,587

 

 

 

 

 

 

 

 

 

 

    Digital banking income

 

 

5,404

 

 

 

 

 

 

 

 

 

 

    Net swap fee and valuation income

 

 

961

 

 

 

 

 

 

 

 

 

 

    Net securities brokerage revenue

 

 

2,701

 

 

 

 

 

 

 

 

 

 

    Net insurance services revenue

 

 

955

 

 

 

 

 

 

 

 

 

 

    Bank-owned life insurance

 

 

3,428

 

 

 

 

 

 

 

 

 

 

    Payment processing fees

 

 

891

 

 

 

 

 

 

 

 

 

 

    Net securities losses

 

 

(318

)

 

 

 

 

 

 

 

 

 

    Net loss on other real estate owned and other assets

 

 

(40

)

 

 

 

 

 

 

 

 

 

    Mortgage banking income

 

 

1,140

 

 

 

 

 

 

 

 

 

 

    Other income

 

 

2,250

 

 

 

 

 

 

9

 

 

 

 

Total revenues

 

$

120,659

 

 

$

7,762

 

 

$

(4,120

)

 

$

124,301

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Less (2):

 

 

 

 

 

 

 

 

 

 

 

 

    Salaries and wages

 

 

46,615

 

 

 

1,962

 

 

 

 

 

 

 

    Employee benefits

 

 

12,490

 

 

 

480

 

 

 

 

 

 

 

    Net occupancy (3)

 

 

7,721

 

 

 

57

 

 

 

 

 

 

 

    Equipment and software (4)

 

 

12,993

 

 

 

57

 

 

 

 

 

 

 

    Miscellaneous taxes

 

 

4,233

 

 

 

1

 

 

 

 

 

 

 

    Professional services

 

 

3,655

 

 

 

138

 

 

 

1,825

 

 

 

 

    Marketing

 

 

2,362

 

 

 

20

 

 

 

 

 

 

 

    FDIC insurance

 

 

4,187

 

 

 

 

 

 

 

 

 

 

    Supplies

 

 

1,685

 

 

 

53

 

 

 

 

 

 

 

    Telecommunications

 

 

1,210

 

 

 

 

 

 

 

 

 

 

    General administration

 

 

1,370

 

 

 

28

 

 

 

130

 

 

 

 

    Merger-related and restructuring

 

 

13,691

 

 

 

 

 

 

6,319

 

 

 

 

    Amortization of intangibles

 

 

4,183

 

 

 

40

 

 

 

 

 

 

 

    Corporate overhead expenses (5)

 

 

 

 

 

1,580

 

 

 

 

 

 

 

    Other segment items (6)

 

 

4,886

 

 

 

31

 

 

 

(36

)

 

 

 

Segment (loss) profit before provision for income taxes

 

 

(622

)

 

 

3,315

 

 

 

(12,358

)

 

 

 

Provision for income taxes

 

 

109

 

 

 

696

 

 

 

(1,478

)

 

 

 

Segment (loss) profit

 

$

(731

)

 

$

2,619

 

 

$

(10,880

)

 

$

(8,992

)

 

 

 

 

 

 

 

 

 

 

 

 

 

Reconciliation of segment loss

 

 

 

 

 

 

 

 

 

 

 

 

Preferred stock dividends

 

 

 

 

 

 

 

 

 

 

 

(2,531

)

Net loss available to common shareholders

 

 

 

 

 

 

 

 

 

 

$

(11,523

)

(1) Within Corporate other, this represents interest expense on subordinated and junior subordinated debt issued by the parent company of Wesbanco.

(2) The significant expense categories and amounts align with the segment-level information that is regularly provided to the CODM.

(3) Includes depreciation and amortization expense of $1.9 million for the community banking segment. Such expenses for the trust and investment services segment are immaterial.

(4) Includes depreciation and amortization expense of $2.4 million for the community banking segment. Such expenses for the trust and investment services segment are immaterial.

(5) Corporate overhead expenses allocated to the trust and investment services segment consist of audit and accounting services, human resources, bank administration and information technology.

(6) Other segment items included in segment expenses for the community banking segment include ATM and digital banking interchange expenses, correspondent service fee expense, postage expense, corporate insurance expense and other general banking service expenses. Other segment items included in segment expenses for the trust and investment services segment include postage expense, securities safekeeping expense and other miscellaneous operating expenses.

v3.26.1
Summary of Significant Accounting Policies - Additional Information (Detail) - ASU 2025-05 - Financial Instruments - Credit Losses (Topic 326)
Mar. 31, 2026
Summary Of Significant Accounting Policies [Line Items]  
Change in Accounting Principle, Accounting Standards Update, Adopted [true false] true
Change in Accounting Principle, Accounting Standards Update, Adoption Date Jan. 01, 2026
Change in Accounting Principle, Accounting Standards Update, Immaterial Effect [true false] true
v3.26.1
Mergers and Acquisitions - Additional Information (Detail)
Feb. 28, 2025
shares
Premier Financial Corporation [Member]  
Business Combination [Line Items]  
Number of newly issued shares 28,738,104
v3.26.1
Mergers and Acquisitions - Schedule of Changes in Purchase Price of Assets Acquired and The Liabilities Assumed (Details) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Change In Fair Value Of Net Assets Acquired [Abstract]    
Deposits $ (220) $ 287,157
v3.26.1
Earnings Per Common Share - Summary of Earnings Per Common Share (Detail) - USD ($)
$ / shares in Units, $ in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Numerator for both basic and diluted earnings per common share:    
Net income (loss) available to common shareholders $ 84,395 $ (11,523)
Denominator:    
Total average basic common shares outstanding 96,103,497 76,830,460
Effect of dilutive stock options and other stock compensation 205,855 190,132
Total diluted average common shares outstanding 96,309,352 77,020,592
Earnings (loss) per common share - basic $ 0.88 $ (0.15)
Earnings (loss) per common share - diluted $ 0.88 $ (0.15)
v3.26.1
Earnings Per Common Share - Additional Information (Detail) - USD ($)
$ in Thousands
3 Months Ended
Feb. 28, 2025
Mar. 31, 2026
Mar. 31, 2025
Dec. 31, 2025
Schedule Of Antidilutive Securities Included In Computation Of Earnings Per Share [Line Items]        
Shares contingently issuable under shareholder return plan   24,000 24,000  
Issuance of common stock   $ 1,381 $ 25  
Common stock, shares outstanding   96,134,158   96,067,559
Premier Financial Corporation [Member]        
Schedule Of Antidilutive Securities Included In Computation Of Earnings Per Share [Line Items]        
Issuance of common stock, net of issuance costs, shares 28,738,104      
Common stock, shares outstanding 20,316,670      
Premier Financial Corporation [Member] | Treasury Stock [Member]        
Schedule Of Antidilutive Securities Included In Computation Of Earnings Per Share [Line Items]        
Issuance of common stock, net of issuance costs, shares 8,421,434      
Stock Option [Member]        
Schedule Of Antidilutive Securities Included In Computation Of Earnings Per Share [Line Items]        
Securities excluded from computation of net income per diluted shares   237,001 325,701  
Restricted Stock [Member]        
Schedule Of Antidilutive Securities Included In Computation Of Earnings Per Share [Line Items]        
Shares contingently issuable under shareholder return plan   106,119 92,813  
v3.26.1
Securities - Schedule of Fair Value and Amortized Cost of Available-for-sale and Held-to-maturity Securities (Detail) - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Schedule of Trading Securities and Other Trading Assets [Line Items]    
Available-for-sale, Amortized Cost $ 3,500,142 $ 3,472,812
Available-for-sale, Gross Unrealized Gains 10,115 17,337
Available-for-sale, Gross Unrealized Losses (212,020) (201,817)
Available-for-sale, Fair Value 3,298,237 3,288,332
Held-to-maturity, Amortized Cost 1,120,597 1,132,114
Held-to-maturity, Gross Unrealized Gains 1,303 2,211
Held-to-maturity, Gross Unrealized Losses (110,597) (98,368)
Held-to-maturity securities, Fair value 1,011,303 1,035,957
Total debt securities, Amortized Cost 4,620,739 4,604,926
Total debt securities, Gross Unrealized Gains 11,418 19,548
Total debt securities, Gross Unrealized Losses (322,617) (300,185)
Total securities, Fair Value 4,309,540 4,324,289
U.S. Treasury [Member]    
Schedule of Trading Securities and Other Trading Assets [Line Items]    
Available-for-sale, Amortized Cost 196,411 196,586
Available-for-sale, Gross Unrealized Gains 77 271
Available-for-sale, Gross Unrealized Losses (73)  
Available-for-sale, Fair Value 196,415 196,857
U.S. Government Sponsored Entities and Agencies [Member]    
Schedule of Trading Securities and Other Trading Assets [Line Items]    
Available-for-sale, Amortized Cost 237,706 243,408
Available-for-sale, Gross Unrealized Gains 326 212
Available-for-sale, Gross Unrealized Losses (20,637) (20,623)
Available-for-sale, Fair Value 217,395 222,997
Held-to-maturity, Amortized Cost 2,258 2,341
Held-to-maturity, Gross Unrealized Losses (134) (134)
Held-to-maturity securities, Fair value 2,124 2,207
Residential Mortgage-Backed Securities and Collateralized Mortgage Obligations of Government Sponsored Entities and Agencies [Member]    
Schedule of Trading Securities and Other Trading Assets [Line Items]    
Available-for-sale, Amortized Cost 2,811,933 2,771,608
Available-for-sale, Gross Unrealized Gains 8,535 15,149
Available-for-sale, Gross Unrealized Losses (186,006) (176,309)
Available-for-sale, Fair Value 2,634,462 2,610,448
Held-to-maturity, Amortized Cost 25,733 27,014
Held-to-maturity, Gross Unrealized Gains 1 2
Held-to-maturity, Gross Unrealized Losses (1,642) (1,547)
Held-to-maturity securities, Fair value 24,092 25,469
Commercial Mortgage-Backed Securities and Collateralized Mortgage Obligations of Government Sponsored Entities and Agencies [Member]    
Schedule of Trading Securities and Other Trading Assets [Line Items]    
Available-for-sale, Amortized Cost 60,485 66,043
Available-for-sale, Gross Unrealized Gains 89 233
Available-for-sale, Gross Unrealized Losses (2,603) (2,661)
Available-for-sale, Fair Value 57,971 63,615
Asset-Backed Securities [Member]    
Schedule of Trading Securities and Other Trading Assets [Line Items]    
Available-for-sale, Amortized Cost 67,115 69,095
Available-for-sale, Gross Unrealized Gains 67 45
Available-for-sale, Gross Unrealized Losses (274) (205)
Available-for-sale, Fair Value 66,908 68,935
Obligations of State and Political Subdivisions [Member]    
Schedule of Trading Securities and Other Trading Assets [Line Items]    
Available-for-sale, Amortized Cost 78,559 74,738
Available-for-sale, Gross Unrealized Gains 157 412
Available-for-sale, Gross Unrealized Losses (2,396) (1,962)
Available-for-sale, Fair Value 76,320 73,188
Held-to-maturity, Amortized Cost 1,090,634 1,100,788
Held-to-maturity, Gross Unrealized Gains 1,266 2,137
Held-to-maturity, Gross Unrealized Losses (108,821) (96,687)
Held-to-maturity securities, Fair value 983,079 1,006,238
Corporate Debt Securities [Member]    
Schedule of Trading Securities and Other Trading Assets [Line Items]    
Available-for-sale, Amortized Cost 47,933 51,334
Available-for-sale, Gross Unrealized Gains 864 1,015
Available-for-sale, Gross Unrealized Losses (31) (57)
Available-for-sale, Fair Value 48,766 52,292
Held-to-maturity, Amortized Cost 1,972 1,971
Held-to-maturity, Gross Unrealized Gains 36 72
Held-to-maturity securities, Fair value $ 2,008 $ 2,043
v3.26.1
Securities - Schedule of Fair Value and Amortized Cost of Available-for-sale and Held-to-maturity Securities (Parenthetical) (Detail) - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Investments, Debt and Equity Securities [Abstract]    
Allowance for credit losses, held-to-maturity debt securities $ 151 $ 168
v3.26.1
Securities - Additional Information (Detail)
$ in Thousands
3 Months Ended
Mar. 31, 2026
USD ($)
Holding
Mar. 31, 2025
USD ($)
Dec. 31, 2025
USD ($)
Holding
Schedule Of Available For Sale Securities And Held To Maturity [Line Items]      
Maximum percentage of equity of one issuer 10.00%    
Number of holdings greater than specified percentage of equity | Holding 0   0
Equities securities $ 30,256   $ 30,809
Other assets 507,556   543,212
Proceeds from sale of available-for-sale securities 0 $ 873,835  
Net unrealized losses on available-for-sale securities included in AOCI 153,500   139,500
Accrued interest receivable 105,288   106,651
Federal home loan bank stock, Total 50,100   58,500
Asset Pledged as Security      
Schedule Of Available For Sale Securities And Held To Maturity [Line Items]      
Other assets 2,800,000   2,800,000
Us Government Securities and Mortgage Backed and Collateralized Securities Issued By Direct Governmental Entity or Government-Sponsored Entity [Member]      
Schedule Of Available For Sale Securities And Held To Maturity [Line Items]      
Estimated credit losses 0    
Held-to-maturity Securities [Member]      
Schedule Of Available For Sale Securities And Held To Maturity [Line Items]      
Accrued interest receivable 8,000   8,200
Grantor Trusts [Member]      
Schedule Of Available For Sale Securities And Held To Maturity [Line Items]      
Equities securities $ 27,600   $ 28,200
v3.26.1
Securities - Schedule of Amortized Cost and Fair Value of Available-for-Sale and Held-to-Maturity Securities by Contractual Maturity (Detail) - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Amortized Cost And Fair Value Debt Securities [Abstract]    
Total available-for-sale debt securities, Amortized Cost, Within one year $ 212,313  
Total available-for-sale debt securities, Amortized Cost, After 1 year through 5 years 217,720  
Total available-for-sale debt securities, Amortized Cost, After 5 years through 10 years 349,973  
Total available-for-sale debt securities, Amortized Cost, After 10 years 2,720,136  
Available-for-sale, Amortized Cost 3,500,142 $ 3,472,812
Total held-to-maturity debt securities, Amortized Cost, Within one year 17,753  
Total held-to-maturity debt securities, Amortized Cost, After 1 year through 5 years 248,330  
Total held-to-maturity debt securities, Amortized Cost, After 5 years through 10 years 569,128  
Total held-to-maturity debt securities, Amortized Cost, After 10 years 285,386  
Held-to-maturity, Amortized Cost 1,120,597 1,132,114
Total debt securities, Amortized Cost 4,620,739 4,604,926
Total available-for-sale debt securities, Fair Value, Within one year 212,235  
Total available-for-sale debt securities, Fair Value, After 1 year through 5 years 210,424  
Total available-for-sale debt securities, Fair Value, After 5 years through 10 years 325,656  
Total available-for-sale debt securities, Fair Value, After 10 years 2,549,922  
Total available-for-sale debt securities, Fair Value 3,298,237 3,288,332
Total held-to-maturity debt securities, Fair Value, Within one year 17,746  
Total held-to-maturity debt securities, Fair Value, After 1 year through 5 years 242,758  
Total held-to-maturity debt securities, Fair Value, After 5 years through 10 years 508,967  
Total held-to-maturity debt securities, Fair Value, After 10 years 241,832  
Total held-to-maturity debt securities, Fair Value 1,011,303 1,035,957
Total debt securities, Fair Value $ 4,309,540 $ 4,324,289
v3.26.1
Securities - Schedule of Gross Realized Gains and Losses on the Sales and Calls of Securities as well as Gains and Losses on Equity Securities (Detail) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Debt securities:    
Gross realized gains $ 36 $ 201
Gross realized losses 0 (161)
Net gains on debt securities 36 40
Equity securities:    
Net unrealized losses recognized on securities still held (49) (358)
Net securities losses $ (13) $ (318)
v3.26.1
Securities - Schedule of Allowance for Credit Losses on Held-to-maturity Securities (Detail) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Debt Securities Heldtomaturity Allowance For Credit Loss [Line Items]    
Beginning balance $ 168  
Ending balance 151  
ASU 2016-13 [Member]    
Debt Securities Heldtomaturity Allowance For Credit Loss [Line Items]    
Beginning balance 168 $ 146
Current period provision (17) (9)
Ending balance 151 137
ASU 2016-13 [Member] | Obligations of State and Political Subdivisions [Member]    
Debt Securities Heldtomaturity Allowance For Credit Loss [Line Items]    
Beginning balance 155 124
Current period provision (21) (8)
Ending balance 134 116
ASU 2016-13 [Member] | Corporate Debt Securities [Member]    
Debt Securities Heldtomaturity Allowance For Credit Loss [Line Items]    
Beginning balance 13 22
Current period provision 4 (1)
Ending balance $ 17 $ 21
v3.26.1
Securities - Schedule of Unrealized Losses on Investment Securities (Detail)
$ in Thousands
Mar. 31, 2026
USD ($)
Security
Dec. 31, 2025
USD ($)
Security
Net Unrealized Gains And Losses On Investments [Line Items]    
Less than 12 months, Fair Value $ 729,124 $ 327,278
Less than 12 months, Unrealized Losses $ (6,204) $ (1,833)
Less than 12 months, Number of Securities | Security 185 89
12 months or more, Fair Value $ 1,519,434 $ 1,574,675
12 months or more, Unrealized Losses $ (205,816) $ (199,984)
12 months or more, Number of Securities | Security 513 525
Fair Value, Total $ 2,248,558 $ 1,901,953
Unrealized Losses, Total $ (212,020) $ (201,817)
Number of Securities Total | Security 698 614
U.S. Treasury [Member]    
Net Unrealized Gains And Losses On Investments [Line Items]    
Less than 12 months, Fair Value $ 98,488 $ 0
Less than 12 months, Unrealized Losses $ (73) $ 0
Less than 12 months, Number of Securities | Security 2 0
12 months or more, Fair Value $ 0 $ 0
12 months or more, Unrealized Losses   $ 0
12 months or more, Number of Securities | Security 0 0
Fair Value, Total $ 98,488 $ 0
Unrealized Losses, Total $ (73) $ 0
Number of Securities Total | Security 2 0
U.S. Government Sponsored Entities and Agencies [Member]    
Net Unrealized Gains And Losses On Investments [Line Items]    
Less than 12 months, Fair Value $ 10,985 $ 8,252
Less than 12 months, Unrealized Losses $ (88) $ (109)
Less than 12 months, Number of Securities | Security 4 3
12 months or more, Fair Value $ 184,271 $ 189,841
12 months or more, Unrealized Losses $ (20,549) $ (20,514)
12 months or more, Number of Securities | Security 41 42
Fair Value, Total $ 195,256 $ 198,093
Unrealized Losses, Total $ (20,637) $ (20,623)
Number of Securities Total | Security 45 45
Residential Mortgage-Backed Securities and Collateralized Mortgage Obligations of Government Sponsored Entities and Agencies [Member]    
Net Unrealized Gains And Losses On Investments [Line Items]    
Less than 12 months, Fair Value $ 540,930 $ 245,766
Less than 12 months, Unrealized Losses $ (5,598) $ (1,340)
Less than 12 months, Number of Securities | Security 126 59
12 months or more, Fair Value $ 1,254,249 $ 1,307,219
12 months or more, Unrealized Losses $ (180,408) $ (174,969)
12 months or more, Number of Securities | Security 423 430
Fair Value, Total $ 1,795,179 $ 1,552,985
Unrealized Losses, Total $ (186,006) $ (176,309)
Number of Securities Total | Security 549 489
Commercial Mortgage-Backed Securities and Collateralized Mortgage Obligations of Government Sponsored Entities and Agencies [Member]    
Net Unrealized Gains And Losses On Investments [Line Items]    
Less than 12 months, Fair Value $ 0 $ 0
Less than 12 months, Unrealized Losses $ 0 $ 0
Less than 12 months, Number of Securities | Security 0 0
12 months or more, Fair Value $ 42,769 $ 48,325
12 months or more, Unrealized Losses $ (2,603) $ (2,661)
12 months or more, Number of Securities | Security 18 18
Fair Value, Total $ 42,769 $ 48,325
Unrealized Losses, Total $ (2,603) $ (2,661)
Number of Securities Total | Security 18 18
Asset-Backed Securities [Member]    
Net Unrealized Gains And Losses On Investments [Line Items]    
Less than 12 months, Fair Value $ 44,412 $ 4,168
Less than 12 months, Unrealized Losses $ (182) $ (124)
Less than 12 months, Number of Securities | Security 9 8
12 months or more, Fair Value $ 12,108 $ 23,806
12 months or more, Unrealized Losses $ (92) $ (1,838)
12 months or more, Number of Securities | Security 3 33
Fair Value, Total $ 56,520 $ 27,974
Unrealized Losses, Total $ (274) $ (1,962)
Number of Securities Total | Security 12 41
Obligations of State and Political Subdivisions [Member]    
Net Unrealized Gains And Losses On Investments [Line Items]    
Less than 12 months, Fair Value $ 25,837 $ 58,042
Less than 12 months, Unrealized Losses $ (246) $ (205)
Less than 12 months, Number of Securities | Security 38 11
12 months or more, Fair Value $ 21,062 $ 0
12 months or more, Unrealized Losses $ (2,150) $ 0
12 months or more, Number of Securities | Security 27 0
Fair Value, Total $ 46,899 $ 58,042
Unrealized Losses, Total $ (2,396) $ (205)
Number of Securities Total | Security 65 11
Corporate Debt Securities [Member]    
Net Unrealized Gains And Losses On Investments [Line Items]    
Less than 12 months, Fair Value $ 8,472 $ 11,050
Less than 12 months, Unrealized Losses $ (17) $ (55)
Less than 12 months, Number of Securities | Security 6 8
12 months or more, Fair Value $ 4,975 $ 5,484
12 months or more, Unrealized Losses $ (14) $ (2)
12 months or more, Number of Securities | Security 1 2
Fair Value, Total $ 13,447 $ 16,534
Unrealized Losses, Total $ (31) $ (57)
Number of Securities Total | Security 7 10
v3.26.1
Loans and the Allowance for Credit Losses - Additional Information (Detail) - USD ($)
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Dec. 31, 2025
Financing Receivable, Recorded Investment [Line Items]      
Net deferred loan fee income (costs) $ 14,800,000   $ 13,900,000
Un-accreted discount on purchased loans from acquisitions 288,800,000   302,400,000
Reserve on accrued interest related to individually-evaluated loans $ 100,000    
Percentage of national unemployment projection 4.80%    
Expected average percentage of national unemployment in future 5.20%    
Accrued interest receivable for loans $ 85,200,000   87,800,000
Aggregate amount of residential real estate, home equity and consumer loans classified as substandard 54,000,000   61,400,000
Internally assigned loan grades to residential real estate, home equity and consumer loans 8,300,000   16,500,000
Unfunded commercial loan commitments 72,100,000   57,100,000
Modifications loans 5,335,000 $ 49,300,000  
Other real estate owned 1,007,000   618,000
Net charge-offs 7,584,000 2,771,000  
Residential Real Estate [Member]      
Financing Receivable, Recorded Investment [Line Items]      
Modifications loans 201,000 496,000  
Other real estate owned 1,000,000   600,000
Foreclosure proceedings in process on residential real estate loans 15,300,000   $ 11,400,000
Net charge-offs 1,016,000 96,000  
90 Days or More Past Due [Member]      
Financing Receivable, Recorded Investment [Line Items]      
Modification to allowance due to modified loan subsequently defaulting 0    
Commercial and Industrial [Member]      
Financing Receivable, Recorded Investment [Line Items]      
Modifications loans 4,904,000 5,364,000  
Net charge-offs 4,358,000 583,000  
Commercial and Industrial [Member] | Maximum [Member]      
Financing Receivable, Recorded Investment [Line Items]      
Annual sales of borrowers 100,000,000    
Unfunded Loan Commitment [Member]      
Financing Receivable, Recorded Investment [Line Items]      
Modifications loans $ 400,000 $ 1,000,000  
v3.26.1
Loans and the Allowance for Credit Losses - Schedule of Recorded Investment in Loans by Category (Detail) - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Financing Receivable, Recorded Investment [Line Items]    
Total portfolio loans $ 19,082,681 $ 19,226,432
Loans held for sale 59,281 87,454
Total loans 19,141,962 19,313,886
Commercial and Industrial [Member]    
Financing Receivable, Recorded Investment [Line Items]    
Total portfolio loans 2,785,440 2,863,893
Commercial Real Estate [Member]    
Financing Receivable, Recorded Investment [Line Items]    
Total portfolio loans 10,902,275 10,938,834
Commercial Real Estate [Member] | Commercial Real Estate - Land and Construction [Member]    
Financing Receivable, Recorded Investment [Line Items]    
Total portfolio loans 1,632,209 1,783,637
Commercial Real Estate [Member] | Commercial Real Estate - Improved Property [Member]    
Financing Receivable, Recorded Investment [Line Items]    
Total portfolio loans 9,270,066 9,155,197
Residential Real Estate [Member]    
Financing Receivable, Recorded Investment [Line Items]    
Total portfolio loans 3,920,209 3,938,585
Consumer [Member]    
Financing Receivable, Recorded Investment [Line Items]    
Total portfolio loans 324,879 355,726
Home Equity [Member]    
Financing Receivable, Recorded Investment [Line Items]    
Total portfolio loans $ 1,149,878 $ 1,129,394
v3.26.1
Loans and the Allowance for Credit Losses - Summary of Changes in Allowance for Credit Losses (Detail) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Financing Receivable, Allowance for Credit Losses [Line Items]    
Allowance for credit losses - loans, beginning balance $ 218,749 $ 138,766
Allowance for credit losses - loan commitments, beginning balance 6,950 6,120
Total beginning allowance for credit losses - loans and loan commitments 225,699 144,886
Initial allowance for credit losses on acquired PCD loans   29,069
Provision for loan losses (1,142) 68,553
Provision for loan commitments (262) 339
Total provision for credit losses - loans and loan commitments (880) 68,892
Charge-offs (9,157) (4,005)
Recoveries 1,573 1,234
Net (charge-offs) recoveries (7,584) (2,771)
Allowance for credit losses - loans, ending balance 210,023 233,617
Allowance for credit losses - loan commitments, ending balance 7,212 6,459
Total ending allowance for credit losses - loans and loan commitments 217,235 240,076
Commercial and Industrial [Member]    
Financing Receivable, Allowance for Credit Losses [Line Items]    
Allowance for credit losses - loans, beginning balance 64,932 42,398
Allowance for credit losses - loan commitments, beginning balance 552  
Total beginning allowance for credit losses - loans and loan commitments 65,484 42,398
Initial allowance for credit losses on acquired PCD loans   16,632
Provision for loan losses 3,948 20,316
Provision for loan commitments 621  
Total provision for credit losses - loans and loan commitments 4,569 20,316
Charge-offs (4,581) (1,020)
Recoveries 223 437
Net (charge-offs) recoveries (4,358) (583)
Allowance for credit losses - loans, ending balance 64,522 78,763
Allowance for credit losses - loan commitments, ending balance 1,173  
Total ending allowance for credit losses - loans and loan commitments 65,695 78,763
Deposit Overdraft [Member]    
Financing Receivable, Allowance for Credit Losses [Line Items]    
Allowance for credit losses - loans, beginning balance 1,855 1,713
Total beginning allowance for credit losses - loans and loan commitments 1,855 1,713
Provision for loan losses 164 338
Total provision for credit losses - loans and loan commitments 164 338
Charge-offs (538) (416)
Recoveries 250 115
Net (charge-offs) recoveries (288) (301)
Allowance for credit losses - loans, ending balance 1,731 1,750
Total ending allowance for credit losses - loans and loan commitments 1,731 1,750
Commercial Real Estate [Member] | Commercial Real Estate - Land and Construction [Member]    
Financing Receivable, Allowance for Credit Losses [Line Items]    
Allowance for credit losses - loans, beginning balance 10,707 8,411
Allowance for credit losses - loan commitments, beginning balance 5,499 5,105
Total beginning allowance for credit losses - loans and loan commitments 16,206 13,516
Initial allowance for credit losses on acquired PCD loans   177
Provision for loan losses (1,752) 2,747
Provision for loan commitments (348) 511
Total provision for credit losses - loans and loan commitments (2,100) 3,258
Allowance for credit losses - loans, ending balance 8,955 11,335
Allowance for credit losses - loan commitments, ending balance 5,151 5,616
Total ending allowance for credit losses - loans and loan commitments 14,106 16,951
Commercial Real Estate [Member] | Commercial Real Estate - Improved Property [Member]    
Financing Receivable, Allowance for Credit Losses [Line Items]    
Allowance for credit losses - loans, beginning balance 96,714 59,828
Total beginning allowance for credit losses - loans and loan commitments 96,714 59,828
Initial allowance for credit losses on acquired PCD loans   5,369
Provision for loan losses (2,832) 29,364
Total provision for credit losses - loans and loan commitments (2,832) 29,364
Charge-offs (84) (33)
Recoveries 84 15
Net (charge-offs) recoveries   (18)
Allowance for credit losses - loans, ending balance 93,882 94,543
Total ending allowance for credit losses - loans and loan commitments 93,882 94,543
Residential Real Estate [Member]    
Financing Receivable, Allowance for Credit Losses [Line Items]    
Allowance for credit losses - loans, beginning balance 33,416 21,790
Allowance for credit losses - loan commitments, beginning balance 890 1,015
Total beginning allowance for credit losses - loans and loan commitments 34,306 22,805
Initial allowance for credit losses on acquired PCD loans   3,192
Provision for loan losses (1,308) 7,739
Provision for loan commitments (29) (183)
Total provision for credit losses - loans and loan commitments (1,337) 7,556
Charge-offs (1,157) (221)
Recoveries 141 125
Net (charge-offs) recoveries (1,016) (96)
Allowance for credit losses - loans, ending balance 31,092 32,625
Allowance for credit losses - loan commitments, ending balance 861 832
Total ending allowance for credit losses - loans and loan commitments 31,953 33,457
Consumer [Member]    
Financing Receivable, Allowance for Credit Losses [Line Items]    
Allowance for credit losses - loans, beginning balance 8,742 3,391
Allowance for credit losses - loan commitments, beginning balance 9  
Total beginning allowance for credit losses - loans and loan commitments 8,751 3,391
Initial allowance for credit losses on acquired PCD loans   3,095
Provision for loan losses 319 7,386
Provision for loan commitments 18 11
Total provision for credit losses - loans and loan commitments 337 7,397
Charge-offs (2,281) (1,822)
Recoveries 801 386
Net (charge-offs) recoveries (1,480) (1,436)
Allowance for credit losses - loans, ending balance 7,581 12,436
Allowance for credit losses - loan commitments, ending balance 27 11
Total ending allowance for credit losses - loans and loan commitments 7,608 12,447
Home Equity [Member]    
Financing Receivable, Allowance for Credit Losses [Line Items]    
Allowance for credit losses - loans, beginning balance 2,383 1,235
Total beginning allowance for credit losses - loans and loan commitments 2,383 1,235
Initial allowance for credit losses on acquired PCD loans   604
Provision for loan losses 319 663
Total provision for credit losses - loans and loan commitments 319 663
Charge-offs (516) (493)
Recoveries 74 156
Net (charge-offs) recoveries (442) (337)
Allowance for credit losses - loans, ending balance 2,260 2,165
Total ending allowance for credit losses - loans and loan commitments $ 2,260 $ 2,165
v3.26.1
Loans and the Allowance for Credit Losses - Summary of Changes in Allowance for Credit Losses (Parenthetical) (Detail)
$ in Millions
3 Months Ended
Mar. 31, 2026
USD ($)
Receivables [Abstract]  
Charge-offs on acquired loan portfolio prior acquisition $ 22.7
v3.26.1
Loans and the Allowance for Credit Losses - Allowance for Credit Losses and Recorded Investments in Loans (Detail) - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Mar. 31, 2025
Dec. 31, 2024
Financing Receivable, Allowance for Credit Losses [Line Items]        
Allowance for loans individually evaluated for impairment $ 29,625 $ 27,908    
Allowance for loans collectively evaluated for impairment 180,398 190,841    
Allowance for loan commitments 7,212 6,950 $ 6,459 $ 6,120
Total allowance for credit losses - loans and commitments 217,235 225,699 240,076 144,886
Individually evaluated for credit loss 67,664 48,975    
Collectively-evaluated for credit losses 19,015,017 19,177,457    
Total loans 19,082,681 19,226,432    
Commercial and Industrial [Member]        
Financing Receivable, Allowance for Credit Losses [Line Items]        
Allowance for loans individually evaluated for impairment 6,965 6,918    
Allowance for loans collectively evaluated for impairment 57,557 58,014    
Allowance for loan commitments 1,173 552    
Total allowance for credit losses - loans and commitments 65,695 65,484 78,763 42,398
Individually evaluated for credit loss 6,965 6,965    
Collectively-evaluated for credit losses 2,778,475 2,856,928    
Total loans 2,785,440 2,863,893    
Deposit Overdraft [Member]        
Financing Receivable, Allowance for Credit Losses [Line Items]        
Allowance for loans collectively evaluated for impairment 1,731 1,855    
Total allowance for credit losses - loans and commitments 1,731 1,855 1,750 1,713
Commercial Real Estate [Member]        
Financing Receivable, Allowance for Credit Losses [Line Items]        
Total loans 10,902,275 10,938,834    
Commercial Real Estate [Member] | Commercial Real Estate - Land and Construction [Member]        
Financing Receivable, Allowance for Credit Losses [Line Items]        
Allowance for loans collectively evaluated for impairment 8,955 10,707    
Allowance for loan commitments 5,151 5,499 5,616 5,105
Total allowance for credit losses - loans and commitments 14,106 16,206 16,951 13,516
Collectively-evaluated for credit losses 1,632,209 1,783,637    
Total loans 1,632,209 1,783,637    
Commercial Real Estate [Member] | Commercial Real Estate - Improved Property [Member]        
Financing Receivable, Allowance for Credit Losses [Line Items]        
Allowance for loans individually evaluated for impairment 22,660 20,990    
Allowance for loans collectively evaluated for impairment 71,222 75,724    
Total allowance for credit losses - loans and commitments 93,882 96,714 94,543 59,828
Individually evaluated for credit loss 60,699 42,010    
Collectively-evaluated for credit losses 9,209,367 9,113,187    
Total loans 9,270,066 9,155,197    
Residential Real Estate [Member]        
Financing Receivable, Allowance for Credit Losses [Line Items]        
Allowance for loans collectively evaluated for impairment 31,092 33,416    
Allowance for loan commitments 861 890 832 1,015
Total allowance for credit losses - loans and commitments 31,953 34,306 33,457 22,805
Collectively-evaluated for credit losses 3,920,209 3,938,585    
Total loans 3,920,209 3,938,585    
Consumer [Member]        
Financing Receivable, Allowance for Credit Losses [Line Items]        
Allowance for loans collectively evaluated for impairment 7,581 8,742    
Allowance for loan commitments 27 9 11  
Total allowance for credit losses - loans and commitments 7,608 8,751 12,447 3,391
Collectively-evaluated for credit losses 324,879 355,726    
Total loans 324,879 355,726    
Home Equity [Member]        
Financing Receivable, Allowance for Credit Losses [Line Items]        
Allowance for loans collectively evaluated for impairment 2,260 2,383    
Total allowance for credit losses - loans and commitments 2,260 2,383 $ 2,165 $ 1,235
Collectively-evaluated for credit losses 1,149,878 1,129,394    
Total loans $ 1,149,878 $ 1,129,394    
v3.26.1
Loans and the Allowance for Credit Losses - Summary of Commercial Loans by Risk Grade (Detail) - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Summary of commercial loans by risk grade    
Portfolio loans, net of unearned income $ 19,082,681 $ 19,226,432
Commercial and Industrial [Member]    
Summary of commercial loans by risk grade    
Portfolio loans, net of unearned income 2,785,440 2,863,893
Commercial and Industrial [Member] | Pass [Member]    
Summary of commercial loans by risk grade    
Portfolio loans, net of unearned income 2,612,789 2,736,863
Commercial and Industrial [Member] | Criticized [Member]    
Summary of commercial loans by risk grade    
Portfolio loans, net of unearned income 125,769 84,552
Commercial and Industrial [Member] | Classified - substandard [Member]    
Summary of commercial loans by risk grade    
Portfolio loans, net of unearned income 46,882 42,478
Commercial Portfolio Segment [Member]    
Summary of commercial loans by risk grade    
Portfolio loans, net of unearned income 13,687,715 13,802,727
Commercial Portfolio Segment [Member] | Pass [Member]    
Summary of commercial loans by risk grade    
Portfolio loans, net of unearned income 13,132,256 13,197,799
Commercial Portfolio Segment [Member] | Criticized [Member]    
Summary of commercial loans by risk grade    
Portfolio loans, net of unearned income 326,853 413,068
Commercial Portfolio Segment [Member] | Classified - substandard [Member]    
Summary of commercial loans by risk grade    
Portfolio loans, net of unearned income 228,606 191,860
Commercial Portfolio Segment [Member] | Commercial Real Estate - Land and Construction [Member]    
Summary of commercial loans by risk grade    
Portfolio loans, net of unearned income 1,632,209 1,783,637
Commercial Portfolio Segment [Member] | Commercial Real Estate - Land and Construction [Member] | Pass [Member]    
Summary of commercial loans by risk grade    
Portfolio loans, net of unearned income 1,597,584 1,748,260
Commercial Portfolio Segment [Member] | Commercial Real Estate - Land and Construction [Member] | Criticized [Member]    
Summary of commercial loans by risk grade    
Portfolio loans, net of unearned income 3,725 8,331
Commercial Portfolio Segment [Member] | Commercial Real Estate - Land and Construction [Member] | Classified - substandard [Member]    
Summary of commercial loans by risk grade    
Portfolio loans, net of unearned income 30,900 27,046
Commercial Portfolio Segment [Member] | Commercial Real Estate - Improved Property [Member]    
Summary of commercial loans by risk grade    
Portfolio loans, net of unearned income 9,270,066 9,155,197
Commercial Portfolio Segment [Member] | Commercial Real Estate - Improved Property [Member] | Pass [Member]    
Summary of commercial loans by risk grade    
Portfolio loans, net of unearned income 8,921,883 8,712,676
Commercial Portfolio Segment [Member] | Commercial Real Estate - Improved Property [Member] | Criticized [Member]    
Summary of commercial loans by risk grade    
Portfolio loans, net of unearned income 197,359 320,185
Commercial Portfolio Segment [Member] | Commercial Real Estate - Improved Property [Member] | Classified - substandard [Member]    
Summary of commercial loans by risk grade    
Portfolio loans, net of unearned income 150,824 122,336
Commercial Portfolio Segment [Member] | Commercial and Industrial [Member]    
Summary of commercial loans by risk grade    
Portfolio loans, net of unearned income 2,785,440 2,863,893
Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | Pass [Member]    
Summary of commercial loans by risk grade    
Portfolio loans, net of unearned income 2,612,789 2,736,863
Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | Criticized [Member]    
Summary of commercial loans by risk grade    
Portfolio loans, net of unearned income 125,769 84,552
Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | Classified - substandard [Member]    
Summary of commercial loans by risk grade    
Portfolio loans, net of unearned income $ 46,882 $ 42,478
v3.26.1
Loans and the Allowance for Credit Losses - Summary of Age Analysis of Loan Categories (Detail) - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Financing Receivable, Recorded Investment [Line Items]    
Portfolio loans, net of unearned income $ 19,082,681 $ 19,226,432
90 Days or More Past Due and Accruing 16,210 37,783
Loans held for sale 59,281 87,454
Total loans, current 18,913,800 19,113,248
Total loans 19,141,962 19,313,886
Home Equity [Member]    
Financing Receivable, Recorded Investment [Line Items]    
Portfolio loans, net of unearned income 1,149,878 1,129,394
90 Days or More Past Due and Accruing 2,238 2,882
Commercial Real Estate [Member]    
Financing Receivable, Recorded Investment [Line Items]    
Portfolio loans, net of unearned income 10,902,275 10,938,834
90 Days or More Past Due and Accruing 2,651 20,507
Residential Real Estate [Member]    
Financing Receivable, Recorded Investment [Line Items]    
Portfolio loans, net of unearned income 3,920,209 3,938,585
90 Days or More Past Due and Accruing 5,232 12,479
Consumer [Member]    
Financing Receivable, Recorded Investment [Line Items]    
Portfolio loans, net of unearned income 324,879 355,726
90 Days or More Past Due and Accruing 829 1,138
Commercial Real Estate - Land and Construction [Member] | Commercial Real Estate [Member]    
Financing Receivable, Recorded Investment [Line Items]    
Portfolio loans, net of unearned income 1,632,209 1,783,637
Commercial Real Estate - Improved Property [Member] | Commercial Real Estate [Member]    
Financing Receivable, Recorded Investment [Line Items]    
Portfolio loans, net of unearned income 9,270,066 9,155,197
90 Days or More Past Due and Accruing 2,651 20,507
Commercial and Industrial [Member]    
Financing Receivable, Recorded Investment [Line Items]    
Portfolio loans, net of unearned income 2,785,440 2,863,893
90 Days or More Past Due and Accruing 5,260 777
Non-Accrual Loans [Member]    
Financing Receivable, Recorded Investment [Line Items]    
Portfolio loans, net of unearned income 145,008 91,584
Current [Member]    
Financing Receivable, Recorded Investment [Line Items]    
Portfolio loans, net of unearned income 18,854,519 19,025,794
Loans held for sale, current 59,281 87,454
Current [Member] | Home Equity [Member]    
Financing Receivable, Recorded Investment [Line Items]    
Portfolio loans, net of unearned income 1,131,376 1,106,652
Current [Member] | Commercial Real Estate [Member]    
Financing Receivable, Recorded Investment [Line Items]    
Portfolio loans, net of unearned income 10,776,880 10,845,474
Current [Member] | Residential Real Estate [Member]    
Financing Receivable, Recorded Investment [Line Items]    
Portfolio loans, net of unearned income 3,874,646 3,889,494
Current [Member] | Consumer [Member]    
Financing Receivable, Recorded Investment [Line Items]    
Portfolio loans, net of unearned income 318,001 345,927
Current [Member] | Commercial Real Estate - Land and Construction [Member] | Commercial Real Estate [Member]    
Financing Receivable, Recorded Investment [Line Items]    
Portfolio loans, net of unearned income 1,594,822 1,755,314
Current [Member] | Commercial Real Estate - Improved Property [Member] | Commercial Real Estate [Member]    
Financing Receivable, Recorded Investment [Line Items]    
Portfolio loans, net of unearned income 9,182,058 9,090,160
Current [Member] | Commercial and Industrial [Member]    
Financing Receivable, Recorded Investment [Line Items]    
Portfolio loans, net of unearned income 2,753,616 2,838,247
Current [Member] | Non-Accrual Loans [Member]    
Financing Receivable, Recorded Investment [Line Items]    
Portfolio loans, net of unearned income 22,933 19,928
30-59 Days Past Due [Member]    
Financing Receivable, Recorded Investment [Line Items]    
Portfolio loans, net of unearned income 66,506 45,847
30-59 Days Past Due [Member] | Home Equity [Member]    
Financing Receivable, Recorded Investment [Line Items]    
Portfolio loans, net of unearned income 7,232 9,938
30-59 Days Past Due [Member] | Commercial Real Estate [Member]    
Financing Receivable, Recorded Investment [Line Items]    
Portfolio loans, net of unearned income 37,047 26,997
30-59 Days Past Due [Member] | Residential Real Estate [Member]    
Financing Receivable, Recorded Investment [Line Items]    
Portfolio loans, net of unearned income 13,062 738
30-59 Days Past Due [Member] | Consumer [Member]    
Financing Receivable, Recorded Investment [Line Items]    
Portfolio loans, net of unearned income 3,905 6,119
30-59 Days Past Due [Member] | Commercial Real Estate - Land and Construction [Member] | Commercial Real Estate [Member]    
Financing Receivable, Recorded Investment [Line Items]    
Portfolio loans, net of unearned income 9,378 13,535
30-59 Days Past Due [Member] | Commercial Real Estate - Improved Property [Member] | Commercial Real Estate [Member]    
Financing Receivable, Recorded Investment [Line Items]    
Portfolio loans, net of unearned income 27,669 13,462
30-59 Days Past Due [Member] | Commercial and Industrial [Member]    
Financing Receivable, Recorded Investment [Line Items]    
Portfolio loans, net of unearned income 5,260 2,055
30-59 Days Past Due [Member] | Non-Accrual Loans [Member]    
Financing Receivable, Recorded Investment [Line Items]    
Portfolio loans, net of unearned income 1,670 1,215
60-89 Days Past Due [Member]    
Financing Receivable, Recorded Investment [Line Items]    
Portfolio loans, net of unearned income 29,155 48,523
60-89 Days Past Due [Member] | Home Equity [Member]    
Financing Receivable, Recorded Investment [Line Items]    
Portfolio loans, net of unearned income 2,759 4,162
60-89 Days Past Due [Member] | Commercial Real Estate [Member]    
Financing Receivable, Recorded Investment [Line Items]    
Portfolio loans, net of unearned income 12,371 21,592
60-89 Days Past Due [Member] | Residential Real Estate [Member]    
Financing Receivable, Recorded Investment [Line Items]    
Portfolio loans, net of unearned income 9,360 13,513
60-89 Days Past Due [Member] | Consumer [Member]    
Financing Receivable, Recorded Investment [Line Items]    
Portfolio loans, net of unearned income 1,693 1,822
60-89 Days Past Due [Member] | Commercial Real Estate - Land and Construction [Member] | Commercial Real Estate [Member]    
Financing Receivable, Recorded Investment [Line Items]    
Portfolio loans, net of unearned income   13,956
60-89 Days Past Due [Member] | Commercial Real Estate - Improved Property [Member] | Commercial Real Estate [Member]    
Financing Receivable, Recorded Investment [Line Items]    
Portfolio loans, net of unearned income 12,371 7,636
60-89 Days Past Due [Member] | Commercial and Industrial [Member]    
Financing Receivable, Recorded Investment [Line Items]    
Portfolio loans, net of unearned income 2,972 7,434
60-89 Days Past Due [Member] | Non-Accrual Loans [Member]    
Financing Receivable, Recorded Investment [Line Items]    
Portfolio loans, net of unearned income 4,114 1,956
90 Days or More Past Due [Member]    
Financing Receivable, Recorded Investment [Line Items]    
Portfolio loans, net of unearned income 132,501 106,268
90 Days or More Past Due [Member] | Home Equity [Member]    
Financing Receivable, Recorded Investment [Line Items]    
Portfolio loans, net of unearned income 8,511 8,642
90 Days or More Past Due [Member] | Commercial Real Estate [Member]    
Financing Receivable, Recorded Investment [Line Items]    
Portfolio loans, net of unearned income 75,977 44,771
90 Days or More Past Due [Member] | Residential Real Estate [Member]    
Financing Receivable, Recorded Investment [Line Items]    
Portfolio loans, net of unearned income 23,141 34,840
90 Days or More Past Due [Member] | Consumer [Member]    
Financing Receivable, Recorded Investment [Line Items]    
Portfolio loans, net of unearned income 1,280 1,858
90 Days or More Past Due [Member] | Commercial Real Estate - Land and Construction [Member] | Commercial Real Estate [Member]    
Financing Receivable, Recorded Investment [Line Items]    
Portfolio loans, net of unearned income 28,009 832
90 Days or More Past Due [Member] | Commercial Real Estate - Improved Property [Member] | Commercial Real Estate [Member]    
Financing Receivable, Recorded Investment [Line Items]    
Portfolio loans, net of unearned income 47,968 43,939
90 Days or More Past Due [Member] | Commercial and Industrial [Member]    
Financing Receivable, Recorded Investment [Line Items]    
Portfolio loans, net of unearned income 23,592 16,157
90 Days or More Past Due [Member] | Non-Accrual Loans [Member]    
Financing Receivable, Recorded Investment [Line Items]    
Portfolio loans, net of unearned income 116,291 68,485
Total Past Due [Member]    
Financing Receivable, Recorded Investment [Line Items]    
Portfolio loans, net of unearned income 228,162 200,638
Total Past Due [Member] | Home Equity [Member]    
Financing Receivable, Recorded Investment [Line Items]    
Portfolio loans, net of unearned income 18,502 22,742
Total Past Due [Member] | Commercial Real Estate [Member]    
Financing Receivable, Recorded Investment [Line Items]    
Portfolio loans, net of unearned income 125,395 93,360
Total Past Due [Member] | Residential Real Estate [Member]    
Financing Receivable, Recorded Investment [Line Items]    
Portfolio loans, net of unearned income 45,563 49,091
Total Past Due [Member] | Consumer [Member]    
Financing Receivable, Recorded Investment [Line Items]    
Portfolio loans, net of unearned income 6,878 9,799
Total Past Due [Member] | Commercial Real Estate - Land and Construction [Member] | Commercial Real Estate [Member]    
Financing Receivable, Recorded Investment [Line Items]    
Portfolio loans, net of unearned income 37,387 28,323
Total Past Due [Member] | Commercial Real Estate - Improved Property [Member] | Commercial Real Estate [Member]    
Financing Receivable, Recorded Investment [Line Items]    
Portfolio loans, net of unearned income 88,008 65,037
Total Past Due [Member] | Commercial and Industrial [Member]    
Financing Receivable, Recorded Investment [Line Items]    
Portfolio loans, net of unearned income 31,824 25,646
Total Past Due [Member] | Non-Accrual Loans [Member]    
Financing Receivable, Recorded Investment [Line Items]    
Portfolio loans, net of unearned income $ 122,075 $ 71,656
v3.26.1
Loans and the Allowance for Credit Losses - Summary of Nonperforming Loans (Detail) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Dec. 31, 2025
Financing Receivable, Impaired [Line Items]      
Total impaired loans, Recorded investment $ 145,008   $ 91,584
Nonperforming Loans [Member]      
Financing Receivable, Impaired [Line Items]      
Unpaid Principal Balance, With no specific allowance recorded 153,926   93,598
Recorded Investment, With no specific allowance recorded 120,913   73,136
Unpaid Principal Balance, With a specific allowance recorded 24,321   18,586
Recorded Investment, With a specific allowance recorded 24,095   18,448
Related Allowance, With a specific allowance recorded 16,991   13,295
Total impaired loans, Unpaid principal balance 178,247   112,184
Total impaired loans, Recorded investment 145,008   91,584
Total impaired loans, Related Allowance 16,991   13,295
Average recorded investment, With no related specific allowance 97,026 $ 54,024  
Average recorded investment, With a specific allowance recorded 21,272 6,598  
Total impaired loans, Average recorded investment 118,298 60,622  
Commercial Real Estate [Member]      
Financing Receivable, Impaired [Line Items]      
Total impaired loans, Recorded investment 78,628   30,586
Residential Real Estate [Member]      
Financing Receivable, Impaired [Line Items]      
Total impaired loans, Recorded investment 34,815   34,332
Residential Real Estate [Member] | Nonperforming Loans [Member]      
Financing Receivable, Impaired [Line Items]      
Unpaid Principal Balance, With no specific allowance recorded 46,191   44,292
Recorded Investment, With no specific allowance recorded 34,815   34,332
Average recorded investment, With no related specific allowance 34,574 19,263  
Consumer [Member]      
Financing Receivable, Impaired [Line Items]      
Total impaired loans, Recorded investment 1,030   1,326
Consumer [Member] | Nonperforming Loans [Member]      
Financing Receivable, Impaired [Line Items]      
Unpaid Principal Balance, With no specific allowance recorded 2,379   2,875
Recorded Investment, With no specific allowance recorded 1,030   1,326
Average recorded investment, With no related specific allowance 1,178 1,716  
Home Equity [Member]      
Financing Receivable, Impaired [Line Items]      
Total impaired loans, Recorded investment 9,832   9,248
Home Equity [Member] | Nonperforming Loans [Member]      
Financing Receivable, Impaired [Line Items]      
Unpaid Principal Balance, With no specific allowance recorded 13,494   12,673
Recorded Investment, With no specific allowance recorded 9,832   9,248
Average recorded investment, With no related specific allowance 9,540 6,982  
Commercial Real Estate - Land and Construction [Member] | Commercial Real Estate [Member]      
Financing Receivable, Impaired [Line Items]      
Total impaired loans, Recorded investment 28,206   832
Commercial Real Estate - Land and Construction [Member] | Commercial Real Estate [Member] | Nonperforming Loans [Member]      
Financing Receivable, Impaired [Line Items]      
Unpaid Principal Balance, With no specific allowance recorded 36,239   832
Recorded Investment, With no specific allowance recorded 28,206   832
Average recorded investment, With no related specific allowance 14,519    
Commercial Real Estate - Improved Property [Member] | Commercial Real Estate [Member]      
Financing Receivable, Impaired [Line Items]      
Total impaired loans, Recorded investment 50,422   29,754
Commercial Real Estate - Improved Property [Member] | Commercial Real Estate [Member] | Nonperforming Loans [Member]      
Financing Receivable, Impaired [Line Items]      
Unpaid Principal Balance, With no specific allowance recorded 35,696   20,883
Recorded Investment, With no specific allowance recorded 33,286   18,265
Unpaid Principal Balance, With a specific allowance recorded 17,362   11,627
Recorded Investment, With a specific allowance recorded 17,136   11,489
Related Allowance, With a specific allowance recorded 10,026   6,377
Average recorded investment, With no related specific allowance 25,776 19,992  
Average recorded investment, With a specific allowance recorded 14,313 3,118  
Commercial and Industrial [Member]      
Financing Receivable, Impaired [Line Items]      
Total impaired loans, Recorded investment 20,703   16,092
Commercial and Industrial [Member] | Nonperforming Loans [Member]      
Financing Receivable, Impaired [Line Items]      
Unpaid Principal Balance, With no specific allowance recorded 19,927   12,043
Recorded Investment, With no specific allowance recorded 13,744   9,133
Unpaid Principal Balance, With a specific allowance recorded 6,959   6,959
Recorded Investment, With a specific allowance recorded 6,959   6,959
Related Allowance, With a specific allowance recorded 6,965   $ 6,918
Average recorded investment, With no related specific allowance 11,439 6,071  
Average recorded investment, With a specific allowance recorded $ 6,959 $ 3,480  
v3.26.1
Loans and the Allowance for Credit Losses - Recorded Investment in Non-Accrual Loans (Detail) - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Financing Receivable, Impaired [Line Items]    
Non-accrual loans $ 145,008 $ 91,584
Commercial and Industrial [Member]    
Financing Receivable, Impaired [Line Items]    
Non-accrual loans 20,703 16,092
Home Equity [Member]    
Financing Receivable, Impaired [Line Items]    
Non-accrual loans 9,832 9,248
Commercial Real Estate [Member]    
Financing Receivable, Impaired [Line Items]    
Non-accrual loans 78,628 30,586
Commercial Real Estate [Member] | Commercial Real Estate - Land and Construction [Member]    
Financing Receivable, Impaired [Line Items]    
Non-accrual loans 28,206 832
Commercial Real Estate [Member] | Commercial Real Estate - Improved Property [Member]    
Financing Receivable, Impaired [Line Items]    
Non-accrual loans 50,422 29,754
Residential Real Estate [Member]    
Financing Receivable, Impaired [Line Items]    
Non-accrual loans 34,815 34,332
Consumer [Member]    
Financing Receivable, Impaired [Line Items]    
Non-accrual loans $ 1,030 $ 1,326
v3.26.1
Loans and the Allowance for Credit Losses - Recorded Investment in Non-Accrual Loans (Parenthetical) (Detail)
Mar. 31, 2026
USD ($)
Borrower
Dec. 31, 2025
USD ($)
Borrower
Receivables [Abstract]    
Number of borrowers with loan balance greater than one million | Borrower 17 11
Borrowers with large amount of loans outstanding, minimum amount of loans per borrower $ 1,000,000 $ 1,000,000
Borrowers with large amount of loans outstanding, net $ 87,700,000 $ 35,500,000
v3.26.1
Loans and the Allowance for Credit Losses - Summary of Details of Portfolio Loans Modified by Loan Category (Details) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Financing Receivable, Modified [Line Items]    
Modifications loans $ 5,335 $ 49,300
Percentage of total by loan category   0.30%
Term Extension [Member]    
Financing Receivable, Modified [Line Items]    
Modifications loans 5,134 $ 46,362
Rate Reduction [Member]    
Financing Receivable, Modified [Line Items]    
Modifications loans 169  
Payment Delay [Member]    
Financing Receivable, Modified [Line Items]    
Modifications loans 32 2,688
Term Extension and Rate Reduction [Member]    
Financing Receivable, Modified [Line Items]    
Modifications loans   250
Home Equity [Member]    
Financing Receivable, Modified [Line Items]    
Modifications loans   435
Home Equity [Member] | Payment Delay [Member]    
Financing Receivable, Modified [Line Items]    
Modifications loans   435
Residential Real Estate [Member]    
Financing Receivable, Modified [Line Items]    
Modifications loans 201 496
Residential Real Estate [Member] | Rate Reduction [Member]    
Financing Receivable, Modified [Line Items]    
Modifications loans 169  
Residential Real Estate [Member] | Payment Delay [Member]    
Financing Receivable, Modified [Line Items]    
Modifications loans 32 496
Consumer [Member]    
Financing Receivable, Modified [Line Items]    
Modifications loans   144
Consumer [Member] | Payment Delay [Member]    
Financing Receivable, Modified [Line Items]    
Modifications loans   144
Commercial Real Estate - Land and Construction [Member] | Commercial Real Estate [Member]    
Financing Receivable, Modified [Line Items]    
Modifications loans   $ 24,217
Percentage of total by loan category   1.40%
Commercial Real Estate - Land and Construction [Member] | Commercial Real Estate [Member] | Term Extension [Member]    
Financing Receivable, Modified [Line Items]    
Modifications loans   $ 24,217
Commercial Real Estate - Improved Property [Member] | Commercial Real Estate [Member]    
Financing Receivable, Modified [Line Items]    
Modifications loans 230 $ 18,644
Percentage of total by loan category   0.20%
Commercial Real Estate - Improved Property [Member] | Commercial Real Estate [Member] | Term Extension [Member]    
Financing Receivable, Modified [Line Items]    
Modifications loans 230 $ 16,887
Commercial Real Estate - Improved Property [Member] | Commercial Real Estate [Member] | Payment Delay [Member]    
Financing Receivable, Modified [Line Items]    
Modifications loans   1,507
Commercial Real Estate - Improved Property [Member] | Commercial Real Estate [Member] | Term Extension and Rate Reduction [Member]    
Financing Receivable, Modified [Line Items]    
Modifications loans   250
Commercial and Industrial [Member]    
Financing Receivable, Modified [Line Items]    
Modifications loans $ 4,904 $ 5,364
Percentage of total by loan category 0.20% 0.20%
Commercial and Industrial [Member] | Term Extension [Member]    
Financing Receivable, Modified [Line Items]    
Modifications loans $ 4,904 $ 5,258
Commercial and Industrial [Member] | Payment Delay [Member]    
Financing Receivable, Modified [Line Items]    
Modifications loans   $ 106
v3.26.1
Loans and the Allowance for Credit Losses - Summary of Financial Impacts of Loan Modifications and Payment Deferrals to Portfolio Loans (Detail)
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Commercial and Industrial [Member]    
Financing Receivable, Modified [Line Items]    
Weighted-average term extension (in months) 4 months 14 months
Commercial Real Estate [Member] | Commercial Real Estate - Land and Construction [Member]    
Financing Receivable, Modified [Line Items]    
Weighted-average term extension (in months)   6 months
Commercial Real Estate [Member] | Commercial Real Estate - Improved Property [Member]    
Financing Receivable, Modified [Line Items]    
Weighted-average term extension (in months) 11 months 9 months
v3.26.1
Loans and the Allowance for Credit Losses - Summary of Loans with FDMs (Detail) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Financing Receivable, Modified [Line Items]    
Loans that subsequently defaulted $ 192 $ 3,516
Payment Delay [Member]    
Financing Receivable, Modified [Line Items]    
Loans that subsequently defaulted   47
Term Extension [Member]    
Financing Receivable, Modified [Line Items]    
Loans that subsequently defaulted 192 3,469
Commercial and Industrial [Member]    
Financing Receivable, Modified [Line Items]    
Loans that subsequently defaulted 192  
Commercial and Industrial [Member] | Term Extension [Member]    
Financing Receivable, Modified [Line Items]    
Loans that subsequently defaulted $ 192  
Commercial Real Estate [Member] | Commercial Real Estate - Improved Property [Member]    
Financing Receivable, Modified [Line Items]    
Loans that subsequently defaulted   3,469
Commercial Real Estate [Member] | Commercial Real Estate - Improved Property [Member] | Term Extension [Member]    
Financing Receivable, Modified [Line Items]    
Loans that subsequently defaulted   3,469
Home Equity [Member]    
Financing Receivable, Modified [Line Items]    
Loans that subsequently defaulted   9
Home Equity [Member] | Payment Delay [Member]    
Financing Receivable, Modified [Line Items]    
Loans that subsequently defaulted   9
Consumer [Member]    
Financing Receivable, Modified [Line Items]    
Loans that subsequently defaulted   38
Consumer [Member] | Payment Delay [Member]    
Financing Receivable, Modified [Line Items]    
Loans that subsequently defaulted   $ 38
v3.26.1
Loans and the Allowance for Credit Losses - Summary of Aging Analysis of Portfolio Loans Restructured (Detail) - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Mar. 31, 2025
Financing Receivable, Modified, Past Due [Line Items]      
Total modified loan $ 19,082,681 $ 19,226,432  
Loan Modification [Member]      
Financing Receivable, Modified, Past Due [Line Items]      
Total modified loan 73,761   $ 135,998
Home Equity [Member]      
Financing Receivable, Modified, Past Due [Line Items]      
Total modified loan 1,149,878 1,129,394  
Home Equity [Member] | Loan Modification [Member]      
Financing Receivable, Modified, Past Due [Line Items]      
Total modified loan 1,588   1,483
Commercial and Industrial [Member]      
Financing Receivable, Modified, Past Due [Line Items]      
Total modified loan 2,785,440 2,863,893  
Commercial and Industrial [Member] | Loan Modification [Member]      
Financing Receivable, Modified, Past Due [Line Items]      
Total modified loan 6,382   12,782
Commercial Real Estate [Member]      
Financing Receivable, Modified, Past Due [Line Items]      
Total modified loan 10,902,275 10,938,834  
Commercial Real Estate [Member] | Commercial Real Estate - Land and Construction [Member]      
Financing Receivable, Modified, Past Due [Line Items]      
Total modified loan 1,632,209 1,783,637  
Commercial Real Estate [Member] | Commercial Real Estate - Land and Construction [Member] | Loan Modification [Member]      
Financing Receivable, Modified, Past Due [Line Items]      
Total modified loan     25,050
Commercial Real Estate [Member] | Commercial Real Estate - Improved Property [Member]      
Financing Receivable, Modified, Past Due [Line Items]      
Total modified loan 9,270,066 9,155,197  
Commercial Real Estate [Member] | Commercial Real Estate - Improved Property [Member] | Loan Modification [Member]      
Financing Receivable, Modified, Past Due [Line Items]      
Total modified loan 58,724   93,002
Residential Real Estate [Member]      
Financing Receivable, Modified, Past Due [Line Items]      
Total modified loan 3,920,209 3,938,585  
Residential Real Estate [Member] | Loan Modification [Member]      
Financing Receivable, Modified, Past Due [Line Items]      
Total modified loan 6,282   3,369
Consumer [Member]      
Financing Receivable, Modified, Past Due [Line Items]      
Total modified loan 324,879 355,726  
Consumer [Member] | Loan Modification [Member]      
Financing Receivable, Modified, Past Due [Line Items]      
Total modified loan 785   312
30-59 Days Past Due [Member]      
Financing Receivable, Modified, Past Due [Line Items]      
Total modified loan 66,506 45,847  
30-59 Days Past Due [Member] | Loan Modification [Member]      
Financing Receivable, Modified, Past Due [Line Items]      
Total modified loan 3,585   5,525
30-59 Days Past Due [Member] | Home Equity [Member]      
Financing Receivable, Modified, Past Due [Line Items]      
Total modified loan 7,232 9,938  
30-59 Days Past Due [Member] | Home Equity [Member] | Loan Modification [Member]      
Financing Receivable, Modified, Past Due [Line Items]      
Total modified loan 18   248
30-59 Days Past Due [Member] | Commercial and Industrial [Member]      
Financing Receivable, Modified, Past Due [Line Items]      
Total modified loan 5,260 2,055  
30-59 Days Past Due [Member] | Commercial and Industrial [Member] | Loan Modification [Member]      
Financing Receivable, Modified, Past Due [Line Items]      
Total modified loan 3,261   7
30-59 Days Past Due [Member] | Commercial Real Estate [Member]      
Financing Receivable, Modified, Past Due [Line Items]      
Total modified loan 37,047 26,997  
30-59 Days Past Due [Member] | Commercial Real Estate [Member] | Commercial Real Estate - Land and Construction [Member]      
Financing Receivable, Modified, Past Due [Line Items]      
Total modified loan 9,378 13,535  
30-59 Days Past Due [Member] | Commercial Real Estate [Member] | Commercial Real Estate - Improved Property [Member]      
Financing Receivable, Modified, Past Due [Line Items]      
Total modified loan 27,669 13,462  
30-59 Days Past Due [Member] | Commercial Real Estate [Member] | Commercial Real Estate - Improved Property [Member] | Loan Modification [Member]      
Financing Receivable, Modified, Past Due [Line Items]      
Total modified loan     4,436
30-59 Days Past Due [Member] | Residential Real Estate [Member]      
Financing Receivable, Modified, Past Due [Line Items]      
Total modified loan 13,062 738  
30-59 Days Past Due [Member] | Residential Real Estate [Member] | Loan Modification [Member]      
Financing Receivable, Modified, Past Due [Line Items]      
Total modified loan 215   834
30-59 Days Past Due [Member] | Consumer [Member]      
Financing Receivable, Modified, Past Due [Line Items]      
Total modified loan 3,905 6,119  
30-59 Days Past Due [Member] | Consumer [Member] | Loan Modification [Member]      
Financing Receivable, Modified, Past Due [Line Items]      
Total modified loan 91    
60-89 Days Past Due [Member]      
Financing Receivable, Modified, Past Due [Line Items]      
Total modified loan 29,155 48,523  
60-89 Days Past Due [Member] | Loan Modification [Member]      
Financing Receivable, Modified, Past Due [Line Items]      
Total modified loan 42   4,478
60-89 Days Past Due [Member] | Home Equity [Member]      
Financing Receivable, Modified, Past Due [Line Items]      
Total modified loan 2,759 4,162  
60-89 Days Past Due [Member] | Home Equity [Member] | Loan Modification [Member]      
Financing Receivable, Modified, Past Due [Line Items]      
Total modified loan     131
60-89 Days Past Due [Member] | Commercial and Industrial [Member]      
Financing Receivable, Modified, Past Due [Line Items]      
Total modified loan 2,972 7,434  
60-89 Days Past Due [Member] | Commercial and Industrial [Member] | Loan Modification [Member]      
Financing Receivable, Modified, Past Due [Line Items]      
Total modified loan     31
60-89 Days Past Due [Member] | Commercial Real Estate [Member]      
Financing Receivable, Modified, Past Due [Line Items]      
Total modified loan 12,371 21,592  
60-89 Days Past Due [Member] | Commercial Real Estate [Member] | Commercial Real Estate - Land and Construction [Member]      
Financing Receivable, Modified, Past Due [Line Items]      
Total modified loan   13,956  
60-89 Days Past Due [Member] | Commercial Real Estate [Member] | Commercial Real Estate - Land and Construction [Member] | Loan Modification [Member]      
Financing Receivable, Modified, Past Due [Line Items]      
Total modified loan     832
60-89 Days Past Due [Member] | Commercial Real Estate [Member] | Commercial Real Estate - Improved Property [Member]      
Financing Receivable, Modified, Past Due [Line Items]      
Total modified loan 12,371 7,636  
60-89 Days Past Due [Member] | Commercial Real Estate [Member] | Commercial Real Estate - Improved Property [Member] | Loan Modification [Member]      
Financing Receivable, Modified, Past Due [Line Items]      
Total modified loan     3,468
60-89 Days Past Due [Member] | Residential Real Estate [Member]      
Financing Receivable, Modified, Past Due [Line Items]      
Total modified loan 9,360 13,513  
60-89 Days Past Due [Member] | Residential Real Estate [Member] | Loan Modification [Member]      
Financing Receivable, Modified, Past Due [Line Items]      
Total modified loan 42    
60-89 Days Past Due [Member] | Consumer [Member]      
Financing Receivable, Modified, Past Due [Line Items]      
Total modified loan 1,693 1,822  
60-89 Days Past Due [Member] | Consumer [Member] | Loan Modification [Member]      
Financing Receivable, Modified, Past Due [Line Items]      
Total modified loan     16
90 Days or More Past Due [Member]      
Financing Receivable, Modified, Past Due [Line Items]      
Total modified loan 132,501 106,268  
90 Days or More Past Due [Member] | Loan Modification [Member]      
Financing Receivable, Modified, Past Due [Line Items]      
Total modified loan 21,086   15,834
90 Days or More Past Due [Member] | Home Equity [Member]      
Financing Receivable, Modified, Past Due [Line Items]      
Total modified loan 8,511 8,642  
90 Days or More Past Due [Member] | Home Equity [Member] | Loan Modification [Member]      
Financing Receivable, Modified, Past Due [Line Items]      
Total modified loan 525   242
90 Days or More Past Due [Member] | Commercial and Industrial [Member]      
Financing Receivable, Modified, Past Due [Line Items]      
Total modified loan 23,592 16,157  
90 Days or More Past Due [Member] | Commercial and Industrial [Member] | Loan Modification [Member]      
Financing Receivable, Modified, Past Due [Line Items]      
Total modified loan 192   6,995
90 Days or More Past Due [Member] | Commercial Real Estate [Member]      
Financing Receivable, Modified, Past Due [Line Items]      
Total modified loan 75,977 44,771  
90 Days or More Past Due [Member] | Commercial Real Estate [Member] | Commercial Real Estate - Land and Construction [Member]      
Financing Receivable, Modified, Past Due [Line Items]      
Total modified loan 28,009 832  
90 Days or More Past Due [Member] | Commercial Real Estate [Member] | Commercial Real Estate - Improved Property [Member]      
Financing Receivable, Modified, Past Due [Line Items]      
Total modified loan 47,968 43,939  
90 Days or More Past Due [Member] | Commercial Real Estate [Member] | Commercial Real Estate - Improved Property [Member] | Loan Modification [Member]      
Financing Receivable, Modified, Past Due [Line Items]      
Total modified loan 19,323   7,997
90 Days or More Past Due [Member] | Residential Real Estate [Member]      
Financing Receivable, Modified, Past Due [Line Items]      
Total modified loan 23,141 34,840  
90 Days or More Past Due [Member] | Residential Real Estate [Member] | Loan Modification [Member]      
Financing Receivable, Modified, Past Due [Line Items]      
Total modified loan 1,035   520
90 Days or More Past Due [Member] | Consumer [Member]      
Financing Receivable, Modified, Past Due [Line Items]      
Total modified loan 1,280 1,858  
90 Days or More Past Due [Member] | Consumer [Member] | Loan Modification [Member]      
Financing Receivable, Modified, Past Due [Line Items]      
Total modified loan 11   80
Total Past Due [Member]      
Financing Receivable, Modified, Past Due [Line Items]      
Total modified loan 228,162 200,638  
Total Past Due [Member] | Loan Modification [Member]      
Financing Receivable, Modified, Past Due [Line Items]      
Total modified loan 24,713   25,837
Total Past Due [Member] | Home Equity [Member]      
Financing Receivable, Modified, Past Due [Line Items]      
Total modified loan 18,502 22,742  
Total Past Due [Member] | Home Equity [Member] | Loan Modification [Member]      
Financing Receivable, Modified, Past Due [Line Items]      
Total modified loan 543   621
Total Past Due [Member] | Commercial and Industrial [Member]      
Financing Receivable, Modified, Past Due [Line Items]      
Total modified loan 31,824 25,646  
Total Past Due [Member] | Commercial and Industrial [Member] | Loan Modification [Member]      
Financing Receivable, Modified, Past Due [Line Items]      
Total modified loan 3,453   7,033
Total Past Due [Member] | Commercial Real Estate [Member]      
Financing Receivable, Modified, Past Due [Line Items]      
Total modified loan 125,395 93,360  
Total Past Due [Member] | Commercial Real Estate [Member] | Commercial Real Estate - Land and Construction [Member]      
Financing Receivable, Modified, Past Due [Line Items]      
Total modified loan 37,387 28,323  
Total Past Due [Member] | Commercial Real Estate [Member] | Commercial Real Estate - Land and Construction [Member] | Loan Modification [Member]      
Financing Receivable, Modified, Past Due [Line Items]      
Total modified loan     832
Total Past Due [Member] | Commercial Real Estate [Member] | Commercial Real Estate - Improved Property [Member]      
Financing Receivable, Modified, Past Due [Line Items]      
Total modified loan 88,008 65,037  
Total Past Due [Member] | Commercial Real Estate [Member] | Commercial Real Estate - Improved Property [Member] | Loan Modification [Member]      
Financing Receivable, Modified, Past Due [Line Items]      
Total modified loan 19,323   15,901
Total Past Due [Member] | Residential Real Estate [Member]      
Financing Receivable, Modified, Past Due [Line Items]      
Total modified loan 45,563 49,091  
Total Past Due [Member] | Residential Real Estate [Member] | Loan Modification [Member]      
Financing Receivable, Modified, Past Due [Line Items]      
Total modified loan 1,292   1,354
Total Past Due [Member] | Consumer [Member]      
Financing Receivable, Modified, Past Due [Line Items]      
Total modified loan 6,878 9,799  
Total Past Due [Member] | Consumer [Member] | Loan Modification [Member]      
Financing Receivable, Modified, Past Due [Line Items]      
Total modified loan 102   96
Current [Member]      
Financing Receivable, Modified, Past Due [Line Items]      
Total modified loan 18,854,519 19,025,794  
Current [Member] | Loan Modification [Member]      
Financing Receivable, Modified, Past Due [Line Items]      
Total modified loan 49,048   110,161
Current [Member] | Home Equity [Member]      
Financing Receivable, Modified, Past Due [Line Items]      
Total modified loan 1,131,376 1,106,652  
Current [Member] | Home Equity [Member] | Loan Modification [Member]      
Financing Receivable, Modified, Past Due [Line Items]      
Total modified loan 1,045   862
Current [Member] | Commercial and Industrial [Member]      
Financing Receivable, Modified, Past Due [Line Items]      
Total modified loan 2,753,616 2,838,247  
Current [Member] | Commercial and Industrial [Member] | Loan Modification [Member]      
Financing Receivable, Modified, Past Due [Line Items]      
Total modified loan 2,929   5,749
Current [Member] | Commercial Real Estate [Member]      
Financing Receivable, Modified, Past Due [Line Items]      
Total modified loan 10,776,880 10,845,474  
Current [Member] | Commercial Real Estate [Member] | Commercial Real Estate - Land and Construction [Member]      
Financing Receivable, Modified, Past Due [Line Items]      
Total modified loan 1,594,822 1,755,314  
Current [Member] | Commercial Real Estate [Member] | Commercial Real Estate - Land and Construction [Member] | Loan Modification [Member]      
Financing Receivable, Modified, Past Due [Line Items]      
Total modified loan     24,218
Current [Member] | Commercial Real Estate [Member] | Commercial Real Estate - Improved Property [Member]      
Financing Receivable, Modified, Past Due [Line Items]      
Total modified loan 9,182,058 9,090,160  
Current [Member] | Commercial Real Estate [Member] | Commercial Real Estate - Improved Property [Member] | Loan Modification [Member]      
Financing Receivable, Modified, Past Due [Line Items]      
Total modified loan 39,401   77,101
Current [Member] | Residential Real Estate [Member]      
Financing Receivable, Modified, Past Due [Line Items]      
Total modified loan 3,874,646 3,889,494  
Current [Member] | Residential Real Estate [Member] | Loan Modification [Member]      
Financing Receivable, Modified, Past Due [Line Items]      
Total modified loan 4,990   2,015
Current [Member] | Consumer [Member]      
Financing Receivable, Modified, Past Due [Line Items]      
Total modified loan 318,001 $ 345,927  
Current [Member] | Consumer [Member] | Loan Modification [Member]      
Financing Receivable, Modified, Past Due [Line Items]      
Total modified loan $ 683   $ 216
v3.26.1
Loans and the Allowance for Credit Losses - Summary of Amortized Cost Basis Loan Balances by Year of Origination and Credit Quality Indicator (Detail) - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Financing Receivable, Recorded Investment [Line Items]    
Total loans $ 19,082,681 $ 19,226,432
30-59 Days Past Due [Member]    
Financing Receivable, Recorded Investment [Line Items]    
Total loans 66,506 45,847
60-89 Days Past Due [Member]    
Financing Receivable, Recorded Investment [Line Items]    
Total loans 29,155 48,523
90 Days or More Past Due [Member]    
Financing Receivable, Recorded Investment [Line Items]    
Total loans 132,501 106,268
Home Equity [Member]    
Financing Receivable, Recorded Investment [Line Items]    
Amortized Cost Basis by Origination Year 2026/2025 13,908 13,974
Amortized Cost Basis by Origination Year 2025/2024 1,151 6,414
Amortized Cost Basis by Origination Year 2024/2023 6,731 6,262
Amortized Cost Basis by Origination Year 2023/2022 6,621 6,637
Amortized Cost Basis by Origination Year 2022/2021 5,875 2,842
Amortized Cost Basis by Origination Year, Prior to 2021/2020 31,692 28,125
Revolving Loans 1,068,008 1,047,746
Revolving Loans Converted to Term 15,892 17,394
Total loans 1,149,878 1,129,394
Home Equity [Member] | Current [Member]    
Financing Receivable, Recorded Investment [Line Items]    
Amortized Cost Basis by Origination Year 2026/2025 13,908 13,731
Amortized Cost Basis by Origination Year 2025/2024 809 3,717
Amortized Cost Basis by Origination Year 2024/2023 4,864 3,194
Amortized Cost Basis by Origination Year 2023/2022 3,678 3,665
Amortized Cost Basis by Origination Year 2022/2021 4,150 1,852
Amortized Cost Basis by Origination Year, Prior to 2021/2020 25,962 22,200
Revolving Loans 1,063,127 1,042,133
Revolving Loans Converted to Term 14,878 16,160
Total loans 1,131,376 1,106,652
Home Equity [Member] | 30-59 Days Past Due [Member]    
Financing Receivable, Recorded Investment [Line Items]    
Amortized Cost Basis by Origination Year 2026/2025   177
Amortized Cost Basis by Origination Year 2025/2024   728
Amortized Cost Basis by Origination Year 2024/2023 220 324
Amortized Cost Basis by Origination Year 2023/2022 436 729
Amortized Cost Basis by Origination Year 2022/2021 429 141
Amortized Cost Basis by Origination Year, Prior to 2021/2020 1,291 2,126
Revolving Loans 4,699 5,427
Revolving Loans Converted to Term 157 286
Total loans 7,232 9,938
Home Equity [Member] | 60-89 Days Past Due [Member]    
Financing Receivable, Recorded Investment [Line Items]    
Amortized Cost Basis by Origination Year 2026/2025   11
Amortized Cost Basis by Origination Year 2025/2024 199 713
Amortized Cost Basis by Origination Year 2024/2023 188 812
Amortized Cost Basis by Origination Year 2023/2022 552 990
Amortized Cost Basis by Origination Year 2022/2021 500 253
Amortized Cost Basis by Origination Year, Prior to 2021/2020 1,260 1,171
Revolving Loans   110
Revolving Loans Converted to Term 60 102
Total loans 2,759 4,162
Home Equity [Member] | 90 Days or More Past Due [Member]    
Financing Receivable, Recorded Investment [Line Items]    
Amortized Cost Basis by Origination Year 2026/2025   55
Amortized Cost Basis by Origination Year 2025/2024 143 1,256
Amortized Cost Basis by Origination Year 2024/2023 1,459 1,932
Amortized Cost Basis by Origination Year 2023/2022 1,955 1,253
Amortized Cost Basis by Origination Year 2022/2021 796 596
Amortized Cost Basis by Origination Year, Prior to 2021/2020 3,179 2,628
Revolving Loans 182 76
Revolving Loans Converted to Term 797 846
Total loans 8,511 8,642
Home Equity [Member] | Current-period gross charge-offs [Member]    
Financing Receivable, Recorded Investment [Line Items]    
Amortized Cost Basis by Origination Year 2025/2024 30 79
Amortized Cost Basis by Origination Year 2024/2023 166 562
Amortized Cost Basis by Origination Year 2023/2022 89 322
Amortized Cost Basis by Origination Year 2022/2021 45 137
Amortized Cost Basis by Origination Year, Prior to 2021/2020 166 387
Revolving Loans 3 42
Revolving Loans Converted to Term 17 36
Total loans 516 1,565
Commercial Real Estate [Member]    
Financing Receivable, Recorded Investment [Line Items]    
Total loans 10,902,275 10,938,834
Commercial Real Estate [Member] | 30-59 Days Past Due [Member]    
Financing Receivable, Recorded Investment [Line Items]    
Total loans 37,047 26,997
Commercial Real Estate [Member] | 60-89 Days Past Due [Member]    
Financing Receivable, Recorded Investment [Line Items]    
Total loans 12,371 21,592
Commercial Real Estate [Member] | 90 Days or More Past Due [Member]    
Financing Receivable, Recorded Investment [Line Items]    
Total loans 75,977 44,771
Residential Real Estate [Member]    
Financing Receivable, Recorded Investment [Line Items]    
Amortized Cost Basis by Origination Year 2026/2025 60,548 302,548
Amortized Cost Basis by Origination Year 2025/2024 291,729 151,887
Amortized Cost Basis by Origination Year 2024/2023 131,940 259,205
Amortized Cost Basis by Origination Year 2023/2022 244,198 735,131
Amortized Cost Basis by Origination Year 2022/2021 722,098 630,951
Amortized Cost Basis by Origination Year, Prior to 2021/2020 1,611,074 1,023,569
Revolving Loans Converted to Term 858,622 835,294
Total loans 3,920,209 3,938,585
Residential Real Estate [Member] | Current [Member]    
Financing Receivable, Recorded Investment [Line Items]    
Amortized Cost Basis by Origination Year 2026/2025 60,548 301,928
Amortized Cost Basis by Origination Year 2025/2024 289,969 148,830
Amortized Cost Basis by Origination Year 2024/2023 129,282 252,536
Amortized Cost Basis by Origination Year 2023/2022 238,789 726,653
Amortized Cost Basis by Origination Year 2022/2021 715,503 625,616
Amortized Cost Basis by Origination Year, Prior to 2021/2020 1,587,836 1,002,612
Revolving Loans Converted to Term 852,719 831,319
Total loans 3,874,646 3,889,494
Residential Real Estate [Member] | 30-59 Days Past Due [Member]    
Financing Receivable, Recorded Investment [Line Items]    
Amortized Cost Basis by Origination Year 2025/2024 600  
Amortized Cost Basis by Origination Year 2024/2023 860  
Amortized Cost Basis by Origination Year 2023/2022 763  
Amortized Cost Basis by Origination Year 2022/2021 1,629  
Amortized Cost Basis by Origination Year, Prior to 2021/2020 6,986 738
Revolving Loans Converted to Term 2,224  
Total loans 13,062 738
Residential Real Estate [Member] | 60-89 Days Past Due [Member]    
Financing Receivable, Recorded Investment [Line Items]    
Amortized Cost Basis by Origination Year 2026/2025   119
Amortized Cost Basis by Origination Year 2025/2024 536 1,152
Amortized Cost Basis by Origination Year 2024/2023 391 1,399
Amortized Cost Basis by Origination Year 2023/2022 1,128 2,362
Amortized Cost Basis by Origination Year 2022/2021 2,687 1,928
Amortized Cost Basis by Origination Year, Prior to 2021/2020 3,739 5,742
Revolving Loans Converted to Term 879 811
Total loans 9,360 13,513
Residential Real Estate [Member] | 90 Days or More Past Due [Member]    
Financing Receivable, Recorded Investment [Line Items]    
Amortized Cost Basis by Origination Year 2026/2025   501
Amortized Cost Basis by Origination Year 2025/2024 624 1,905
Amortized Cost Basis by Origination Year 2024/2023 1,407 5,270
Amortized Cost Basis by Origination Year 2023/2022 3,518 6,116
Amortized Cost Basis by Origination Year 2022/2021 2,279 3,407
Amortized Cost Basis by Origination Year, Prior to 2021/2020 12,513 14,477
Revolving Loans Converted to Term 2,800 3,164
Total loans 23,141 34,840
Residential Real Estate [Member] | Current-period gross charge-offs [Member]    
Financing Receivable, Recorded Investment [Line Items]    
Amortized Cost Basis by Origination Year 2025/2024 27 62
Amortized Cost Basis by Origination Year 2024/2023 120 173
Amortized Cost Basis by Origination Year 2023/2022 553 602
Amortized Cost Basis by Origination Year 2022/2021 205 29
Amortized Cost Basis by Origination Year, Prior to 2021/2020 53 528
Revolving Loans Converted to Term 199 71
Total loans 1,157 1,465
Consumer [Member]    
Financing Receivable, Recorded Investment [Line Items]    
Amortized Cost Basis by Origination Year 2026/2025 10,554 55,052
Amortized Cost Basis by Origination Year 2025/2024 44,732 76,931
Amortized Cost Basis by Origination Year 2024/2023 69,231 67,747
Amortized Cost Basis by Origination Year 2023/2022 60,072 77,098
Amortized Cost Basis by Origination Year 2022/2021 67,554 25,183
Amortized Cost Basis by Origination Year, Prior to 2021/2020 44,595 25,413
Revolving Loans 28,123 28,269
Revolving Loans Converted to Term 18 33
Total loans 324,879 355,726
Consumer [Member] | Current [Member]    
Financing Receivable, Recorded Investment [Line Items]    
Amortized Cost Basis by Origination Year 2026/2025 10,548 54,554
Amortized Cost Basis by Origination Year 2025/2024 44,282 74,906
Amortized Cost Basis by Origination Year 2024/2023 67,477 65,337
Amortized Cost Basis by Origination Year 2023/2022 58,288 74,538
Amortized Cost Basis by Origination Year 2022/2021 65,890 24,333
Amortized Cost Basis by Origination Year, Prior to 2021/2020 43,387 24,369
Revolving Loans 28,119 27,857
Revolving Loans Converted to Term 10 33
Total loans 318,001 345,927
Consumer [Member] | 30-59 Days Past Due [Member]    
Financing Receivable, Recorded Investment [Line Items]    
Amortized Cost Basis by Origination Year 2026/2025 6 319
Amortized Cost Basis by Origination Year 2025/2024 323 1,234
Amortized Cost Basis by Origination Year 2024/2023 1,035 1,435
Amortized Cost Basis by Origination Year 2023/2022 1,094 1,621
Amortized Cost Basis by Origination Year 2022/2021 862 553
Amortized Cost Basis by Origination Year, Prior to 2021/2020 581 545
Revolving Loans 4 412
Total loans 3,905 6,119
Consumer [Member] | 60-89 Days Past Due [Member]    
Financing Receivable, Recorded Investment [Line Items]    
Amortized Cost Basis by Origination Year 2026/2025   82
Amortized Cost Basis by Origination Year 2025/2024 91 533
Amortized Cost Basis by Origination Year 2024/2023 462 471
Amortized Cost Basis by Origination Year 2023/2022 409 436
Amortized Cost Basis by Origination Year 2022/2021 423 140
Amortized Cost Basis by Origination Year, Prior to 2021/2020 308 160
Total loans 1,693 1,822
Consumer [Member] | 90 Days or More Past Due [Member]    
Financing Receivable, Recorded Investment [Line Items]    
Amortized Cost Basis by Origination Year 2026/2025   97
Amortized Cost Basis by Origination Year 2025/2024 36 258
Amortized Cost Basis by Origination Year 2024/2023 257 504
Amortized Cost Basis by Origination Year 2023/2022 281 503
Amortized Cost Basis by Origination Year 2022/2021 379 157
Amortized Cost Basis by Origination Year, Prior to 2021/2020 319 339
Revolving Loans Converted to Term 8  
Total loans 1,280 1,858
Consumer [Member] | Current-period gross charge-offs [Member]    
Financing Receivable, Recorded Investment [Line Items]    
Amortized Cost Basis by Origination Year 2026/2025 1 262
Amortized Cost Basis by Origination Year 2025/2024 230 2,424
Amortized Cost Basis by Origination Year 2024/2023 634 1,931
Amortized Cost Basis by Origination Year 2023/2022 478 2,168
Amortized Cost Basis by Origination Year 2022/2021 556 937
Amortized Cost Basis by Origination Year, Prior to 2021/2020 375 712
Revolving Loans 7  
Total loans 2,281 8,434
Commercial Real Estate - Land and Construction [Member] | Commercial Real Estate [Member]    
Financing Receivable, Recorded Investment [Line Items]    
Amortized Cost Basis by Origination Year 2026/2025 36,100 376,650
Amortized Cost Basis by Origination Year 2025/2024 448,271 427,548
Amortized Cost Basis by Origination Year 2024/2023 387,439 293,448
Amortized Cost Basis by Origination Year 2023/2022 222,958 114,285
Amortized Cost Basis by Origination Year 2022/2021 47,034 56,846
Amortized Cost Basis by Origination Year, Prior to 2021/2020 117,429 75,383
Revolving Loans 140,930 162,549
Revolving Loans Converted to Term 232,048 276,928
Total loans 1,632,209 1,783,637
Commercial Real Estate - Land and Construction [Member] | Commercial Real Estate [Member] | 30-59 Days Past Due [Member]    
Financing Receivable, Recorded Investment [Line Items]    
Total loans 9,378 13,535
Commercial Real Estate - Land and Construction [Member] | Commercial Real Estate [Member] | 60-89 Days Past Due [Member]    
Financing Receivable, Recorded Investment [Line Items]    
Total loans   13,956
Commercial Real Estate - Land and Construction [Member] | Commercial Real Estate [Member] | 90 Days or More Past Due [Member]    
Financing Receivable, Recorded Investment [Line Items]    
Total loans 28,009 832
Commercial Real Estate - Land and Construction [Member] | Commercial Real Estate [Member] | Pass [Member]    
Financing Receivable, Recorded Investment [Line Items]    
Amortized Cost Basis by Origination Year 2026/2025 36,100 376,564
Amortized Cost Basis by Origination Year 2025/2024 448,271 427,548
Amortized Cost Basis by Origination Year 2024/2023 387,242 293,344
Amortized Cost Basis by Origination Year 2023/2022 222,755 113,269
Amortized Cost Basis by Origination Year 2022/2021 45,601 56,846
Amortized Cost Basis by Origination Year, Prior to 2021/2020 115,225 73,874
Revolving Loans 138,931 160,549
Revolving Loans Converted to Term 203,459 246,266
Total loans 1,597,584 1,748,260
Commercial Real Estate - Land and Construction [Member] | Commercial Real Estate [Member] | Criticized [Member]    
Financing Receivable, Recorded Investment [Line Items]    
Amortized Cost Basis by Origination Year 2026/2025   86
Amortized Cost Basis by Origination Year 2024/2023   104
Amortized Cost Basis by Origination Year 2023/2022 203 1,016
Amortized Cost Basis by Origination Year 2022/2021 432  
Amortized Cost Basis by Origination Year, Prior to 2021/2020 117 1,461
Revolving Loans 1,999 2,000
Revolving Loans Converted to Term 974 3,664
Total loans 3,725 8,331
Commercial Real Estate - Land and Construction [Member] | Commercial Real Estate [Member] | Classified - substandard [Member]    
Financing Receivable, Recorded Investment [Line Items]    
Amortized Cost Basis by Origination Year 2024/2023 197  
Amortized Cost Basis by Origination Year 2022/2021 1,001  
Amortized Cost Basis by Origination Year, Prior to 2021/2020 2,087 48
Revolving Loans Converted to Term 27,615 26,998
Total loans 30,900 27,046
Commercial Real Estate - Improved Property [Member] | Commercial Real Estate [Member]    
Financing Receivable, Recorded Investment [Line Items]    
Amortized Cost Basis by Origination Year 2026/2025 285,857 1,095,580
Amortized Cost Basis by Origination Year 2025/2024 1,099,151 628,966
Amortized Cost Basis by Origination Year 2024/2023 606,952 591,446
Amortized Cost Basis by Origination Year 2023/2022 569,299 1,567,681
Amortized Cost Basis by Origination Year 2022/2021 1,606,032 893,222
Amortized Cost Basis by Origination Year, Prior to 2021/2020 3,743,366 2,990,297
Revolving Loans 211,561 213,449
Revolving Loans Converted to Term 1,147,848 1,174,556
Total loans 9,270,066 9,155,197
Commercial Real Estate - Improved Property [Member] | Commercial Real Estate [Member] | 30-59 Days Past Due [Member]    
Financing Receivable, Recorded Investment [Line Items]    
Total loans 27,669 13,462
Commercial Real Estate - Improved Property [Member] | Commercial Real Estate [Member] | 60-89 Days Past Due [Member]    
Financing Receivable, Recorded Investment [Line Items]    
Total loans 12,371 7,636
Commercial Real Estate - Improved Property [Member] | Commercial Real Estate [Member] | 90 Days or More Past Due [Member]    
Financing Receivable, Recorded Investment [Line Items]    
Total loans 47,968 43,939
Commercial Real Estate - Improved Property [Member] | Commercial Real Estate [Member] | Pass [Member]    
Financing Receivable, Recorded Investment [Line Items]    
Amortized Cost Basis by Origination Year 2026/2025 285,857 1,095,343
Amortized Cost Basis by Origination Year 2025/2024 1,098,333 552,084
Amortized Cost Basis by Origination Year 2024/2023 555,210 565,203
Amortized Cost Basis by Origination Year 2023/2022 542,249 1,434,869
Amortized Cost Basis by Origination Year 2022/2021 1,480,600 870,120
Amortized Cost Basis by Origination Year, Prior to 2021/2020 3,648,901 2,903,510
Revolving Loans 207,238 213,380
Revolving Loans Converted to Term 1,103,495 1,078,167
Total loans 8,921,883 8,712,676
Commercial Real Estate - Improved Property [Member] | Commercial Real Estate [Member] | Criticized [Member]    
Financing Receivable, Recorded Investment [Line Items]    
Amortized Cost Basis by Origination Year 2025/2024   56,128
Amortized Cost Basis by Origination Year 2024/2023 30,487 19,680
Amortized Cost Basis by Origination Year 2023/2022 13,947 93,507
Amortized Cost Basis by Origination Year 2022/2021 62,339 19,403
Amortized Cost Basis by Origination Year, Prior to 2021/2020 50,834 46,350
Revolving Loans 4,027 69
Revolving Loans Converted to Term 35,725 85,048
Total loans 197,359 320,185
Commercial Real Estate - Improved Property [Member] | Commercial Real Estate [Member] | Classified - substandard [Member]    
Financing Receivable, Recorded Investment [Line Items]    
Amortized Cost Basis by Origination Year 2026/2025   237
Amortized Cost Basis by Origination Year 2025/2024 818 20,754
Amortized Cost Basis by Origination Year 2024/2023 21,255 6,563
Amortized Cost Basis by Origination Year 2023/2022 13,103 39,305
Amortized Cost Basis by Origination Year 2022/2021 63,093 3,699
Amortized Cost Basis by Origination Year, Prior to 2021/2020 43,631 40,437
Revolving Loans 296  
Revolving Loans Converted to Term 8,628 11,341
Total loans 150,824 122,336
Commercial Real Estate - Improved Property [Member] | Commercial Real Estate [Member] | Current-period gross charge-offs [Member]    
Financing Receivable, Recorded Investment [Line Items]    
Amortized Cost Basis by Origination Year 2024/2023   112
Amortized Cost Basis by Origination Year 2023/2022   7
Amortized Cost Basis by Origination Year 2022/2021 38 142
Amortized Cost Basis by Origination Year, Prior to 2021/2020 46 4,221
Revolving Loans Converted to Term   35
Total loans 84 4,517
Commercial and Industrial [Member]    
Financing Receivable, Recorded Investment [Line Items]    
Amortized Cost Basis by Origination Year 2026/2025 105,307 441,436
Amortized Cost Basis by Origination Year 2025/2024 367,755 217,539
Amortized Cost Basis by Origination Year 2024/2023 205,501 169,945
Amortized Cost Basis by Origination Year 2023/2022 158,996 311,423
Amortized Cost Basis by Origination Year 2022/2021 288,027 176,693
Amortized Cost Basis by Origination Year, Prior to 2021/2020 439,777 301,883
Revolving Loans 1,015,296 1,032,826
Revolving Loans Converted to Term 204,781 212,148
Total loans 2,785,440 2,863,893
Commercial and Industrial [Member] | 30-59 Days Past Due [Member]    
Financing Receivable, Recorded Investment [Line Items]    
Total loans 5,260 2,055
Commercial and Industrial [Member] | 60-89 Days Past Due [Member]    
Financing Receivable, Recorded Investment [Line Items]    
Total loans 2,972 7,434
Commercial and Industrial [Member] | 90 Days or More Past Due [Member]    
Financing Receivable, Recorded Investment [Line Items]    
Total loans 23,592 16,157
Commercial and Industrial [Member] | Pass [Member]    
Financing Receivable, Recorded Investment [Line Items]    
Amortized Cost Basis by Origination Year 2026/2025 105,307 441,249
Amortized Cost Basis by Origination Year 2025/2024 367,394 209,251
Amortized Cost Basis by Origination Year 2024/2023 192,305 161,292
Amortized Cost Basis by Origination Year 2023/2022 150,433 284,974
Amortized Cost Basis by Origination Year 2022/2021 260,645 167,107
Amortized Cost Basis by Origination Year, Prior to 2021/2020 412,823 285,489
Revolving Loans 931,276 988,436
Revolving Loans Converted to Term 192,606 199,065
Total loans 2,612,789 2,736,863
Commercial and Industrial [Member] | Criticized [Member]    
Financing Receivable, Recorded Investment [Line Items]    
Amortized Cost Basis by Origination Year 2026/2025   160
Amortized Cost Basis by Origination Year 2025/2024 300 5,211
Amortized Cost Basis by Origination Year 2024/2023 5,585 3,453
Amortized Cost Basis by Origination Year 2023/2022 3,035 20,461
Amortized Cost Basis by Origination Year 2022/2021 19,217 5,770
Amortized Cost Basis by Origination Year, Prior to 2021/2020 16,163 7,984
Revolving Loans 78,772 37,689
Revolving Loans Converted to Term 2,697 3,824
Total loans 125,769 84,552
Commercial and Industrial [Member] | Classified - substandard [Member]    
Financing Receivable, Recorded Investment [Line Items]    
Amortized Cost Basis by Origination Year 2026/2025   27
Amortized Cost Basis by Origination Year 2025/2024 61 3,077
Amortized Cost Basis by Origination Year 2024/2023 7,611 5,200
Amortized Cost Basis by Origination Year 2023/2022 5,528 5,988
Amortized Cost Basis by Origination Year 2022/2021 8,165 3,816
Amortized Cost Basis by Origination Year, Prior to 2021/2020 10,791 8,410
Revolving Loans 5,248 6,701
Revolving Loans Converted to Term 9,478 9,259
Total loans 46,882 42,478
Commercial and Industrial [Member] | Current-period gross charge-offs [Member]    
Financing Receivable, Recorded Investment [Line Items]    
Amortized Cost Basis by Origination Year 2025/2024   1,453
Amortized Cost Basis by Origination Year 2024/2023 1,422 739
Amortized Cost Basis by Origination Year 2023/2022 443 1,138
Amortized Cost Basis by Origination Year 2022/2021 1,416 553
Amortized Cost Basis by Origination Year, Prior to 2021/2020 1,109 959
Revolving Loans 8 1,088
Revolving Loans Converted to Term 183 1,318
Total loans $ 4,581 $ 7,248
v3.26.1
Loans and the Allowance for Credit Losses - Summary of Other Real Estate Owned and Repossessed Assets (Detail) - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Receivables [Abstract]    
Other real estate owned $ 1,007 $ 618
Repossessed assets 316 289
Total other real estate owned and repossessed assets $ 1,323 $ 907
v3.26.1
Investments in Limited Partnerships - Additional Information (Detail)
$ in Thousands
3 Months Ended 12 Months Ended
Mar. 31, 2026
USD ($)
Partnership
Mar. 31, 2025
USD ($)
Dec. 31, 2026
USD ($)
Dec. 31, 2025
USD ($)
Schedule of Investments [Line Items]        
Unfunded equity commitments in other liabilities $ 23,411,847     $ 23,664,420
Tax benefits including low-income housing and historic tax credits 22,789 $ (673)    
Partnerships losses and impairment $ 3,100 $ 1,900    
Number of limited partnerships held | Partnership 3      
Investment Program, Proportional Amortization Method, Applied, Amortization Expense, Statement of Cash Flows [Extensible Enumeration] Tax benefits including low-income housing and historic tax credits Tax benefits including low-income housing and historic tax credits    
Investment Program, Proportional Amortization Method, Applied, Amortization Expense, Statement of Income or Comprehensive Income [Extensible Enumeration] Tax benefits including low-income housing and historic tax credits Tax benefits including low-income housing and historic tax credits    
Equity Method Investments [Member]        
Schedule of Investments [Line Items]        
Tax benefits including low-income housing and historic tax credits       9,900
Equity Method Investments [Member] | Forecast [Member]        
Schedule of Investments [Line Items]        
Tax benefits including low-income housing and historic tax credits     $ 11,600  
Limited Liability Company [Member]        
Schedule of Investments [Line Items]        
Amount invested in partnerships $ 4,300     4,000
Limited Liability Company [Member] | Equity Method Investment, Nonconsolidated Investee or Group of Investees [Member]        
Schedule of Investments [Line Items]        
Partnership income under equity method 27 $ 5    
Variable Interest Entity, Not Primary Beneficiary [Member]        
Schedule of Investments [Line Items]        
Unfunded equity commitments in other liabilities 33,800     37,500
Variable Interest Entity, Not Primary Beneficiary [Member] | Other Assets [Member]        
Schedule of Investments [Line Items]        
Amount invested in partnerships $ 80,700     $ 83,700
v3.26.1
Investments in Limited Partnerships - Schedule of Equity Commitments (Details) - Variable Interest Entity, Not Primary Beneficiary [Member]
$ in Thousands
Mar. 31, 2026
USD ($)
Schedule of Investments [Line Items]  
2026 $ 12,584
2027 8,667
2028 6,015
2029 1,936
2030 1,588
2031 and thereafter 3,058
Total $ 33,848
v3.26.1
Derivatives and Hedging Activities - Additional Information (Detail)
3 Months Ended
Mar. 31, 2026
USD ($)
Derivative
Mar. 31, 2025
USD ($)
Dec. 31, 2025
USD ($)
Derivative
Derivative Instruments and Hedging Activities Disclosures [Line Items]      
Collateral posted with market value on liability positions with credit risk-related contingent features $ 4,900,000   $ 16,000,000
Interest Rate Swaps and Caps [Member]      
Derivative Instruments and Hedging Activities Disclosures [Line Items]      
Number of interest rate swaps | Derivative 373   368
Aggregate notional amount $ 2,600,000,000    
Income (loss) on derivative instrument not designated hedges $ 1,200,000 $ 2,000,000  
Risk Participation in Agreements [Member]      
Derivative Instruments and Hedging Activities Disclosures [Line Items]      
Number of interest rate swaps | Derivative 25   26
Aggregate notional amount $ 241,600,000   $ 271,800,000
Risk Participation out Agreement [Member]      
Derivative Instruments and Hedging Activities Disclosures [Line Items]      
Number of interest rate swaps | Derivative 9   9
Aggregate notional amount $ 89,300,000   $ 89,500,000
Other Contract [Member] | Forward TBA Contracts [Member]      
Derivative Instruments and Hedging Activities Disclosures [Line Items]      
Aggregate notional amount $ 92,093,000   $ 91,000,000
v3.26.1
Derivatives and Hedging Activities - Summary of Fair Values of Derivative Instruments on Balance Sheets (Detail) - USD ($)
Mar. 31, 2026
Dec. 31, 2025
Derivatives, Fair Value [Line Items]    
Asset Derivatives $ 56,792,000 $ 63,836,000
Derivative Asset, Statement of Financial Position [Extensible Enumeration] Other Assets Other Assets
Liability Derivatives $ 56,559,000 $ 64,394,000
Derivative Liability, Statement of Financial Position [Extensible Enumeration] Other Liabilities Other Liabilities
Interest Rate Swaps and Caps [Member] | Loan Swaps [Member]    
Derivatives, Fair Value [Line Items]    
Notional or Contractual Amount $ 2,574,932,000 $ 2,612,677,000
Asset Derivatives 55,409,000 63,144,000
Liability Derivatives 56,559,000 64,181,000
Interest Rate Lock Commitments [Member] | Other Contract [Member]    
Derivatives, Fair Value [Line Items]    
Notional or Contractual Amount 35,811,000 27,615,000
Asset Derivatives 690,000 692,000
Forward TBA Contracts [Member] | Other Contract [Member]    
Derivatives, Fair Value [Line Items]    
Notional or Contractual Amount 92,093,000 91,000,000
Asset Derivatives $ 693,000  
Liability Derivatives   $ 213,000
v3.26.1
Derivatives and Hedging Activities - Summary of Effect of Derivative Instruments on Income Statement (Detail) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Derivatives, Fair Value [Line Items]    
Total gain (loss) on derivative financial instruments $ 371 $ (248)
Interest Rate Swaps and Caps [Member]    
Derivatives, Fair Value [Line Items]    
Total gain (loss) on derivative financial instruments $ (112) $ (1,009)
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] Net Swap Fee and Valuation Income Net Swap Fee and Valuation Income
Interest Rate Lock Commitments [Member]    
Derivatives, Fair Value [Line Items]    
Total gain (loss) on derivative financial instruments $ (2) $ 1,259
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] Non Interest Income Derived From Mortgage Banking Activities Non Interest Income Derived From Mortgage Banking Activities
Forward TBA Contracts [Member]    
Derivatives, Fair Value [Line Items]    
Total gain (loss) on derivative financial instruments $ 485 $ (498)
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] Non Interest Income Derived From Mortgage Banking Activities Non Interest Income Derived From Mortgage Banking Activities
v3.26.1
Benefit Plans - Defined Benefit Pension Plan (Detail) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Retirement Benefits [Abstract]    
Service cost – benefits earned during year $ 228 $ 264
Interest cost on projected benefit obligation 741 758
Expected return on plan assets $ (1,663) $ (1,585)
Defined Benefit Plan, Net Periodic Benefit (Cost) Credit, Expected Return (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] Employee Benefits Employee Benefits
Amortization of prior service cost $ (9) $ (9)
Defined Benefit Plan, Net Periodic Benefit Cost (Credit) Excluding Service Cost, Statement of Income or Comprehensive Income [Extensible Enumeration] Employee Benefits Employee Benefits
Amortization of net (gain) loss $ (161) $ (48)
Net periodic pension income $ (864) $ (620)
v3.26.1
Benefit Plans - Additional Information (Detail) - USD ($)
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Retirement Benefits [Abstract]    
Service cost $ 228,000 $ 264,000
Periodic pension income 1,100,000 $ 900,000
Minimum required pension plan contribution 2,900,000  
Available credit balance 67,400,000  
Expected voluntary contribution for the year 2026 $ 0  
v3.26.1
Fair Value Measurement - Schedule of Fair Value of Assets and Liabilities Measured on Recurring and Nonrecurring Basis (Detail) - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Equity securities $ 30,256 $ 30,809
Available-for-sale debt securities 3,298,237 3,288,332
Loans held for sale 59,281 87,454
Other real estate owned and repossessed assets 1,323 907
Recurring Fair Value Measurements [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Equity securities 30,256 30,809
Available-for-sale debt securities 3,298,237 3,288,332
Loans held for sale 59,281 87,454
Other assets - interest rate swaps 55,409 63,144
Total assets recurring fair value measurements 3,443,183 3,469,739
Other liabilities - interest rate swaps 56,559 64,181
Total liabilities recurring fair value measurements 56,559 64,181
Nonrecurring Fair Value Measurements [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Collateral dependent loans 18,191 20,400
Other real estate owned and repossessed assets 1,323 907
Total assets recurring fair value measurements 19,514 21,307
U.S. Treasury [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Available-for-sale debt securities 196,415 196,857
U.S. Treasury [Member] | Recurring Fair Value Measurements [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Available-for-sale debt securities 196,415 196,857
U.S. Government Sponsored Entities and Agencies [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Available-for-sale debt securities 217,395 222,997
U.S. Government Sponsored Entities and Agencies [Member] | Recurring Fair Value Measurements [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Available-for-sale debt securities 217,395 222,997
Residential Mortgage-Backed Securities and Collateralized Mortgage Obligations of Government Sponsored Entities and Agencies [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Available-for-sale debt securities 2,634,462 2,610,448
Residential Mortgage-Backed Securities and Collateralized Mortgage Obligations of Government Sponsored Entities and Agencies [Member] | Recurring Fair Value Measurements [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Available-for-sale debt securities 2,634,462 2,610,448
Commercial Mortgage-Backed Securities and Collateralized Mortgage Obligations of Government Sponsored Entities and Agencies [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Available-for-sale debt securities 57,971 63,615
Commercial Mortgage-Backed Securities and Collateralized Mortgage Obligations of Government Sponsored Entities and Agencies [Member] | Recurring Fair Value Measurements [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Available-for-sale debt securities 57,971 63,615
Asset Backed Securities [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Available-for-sale debt securities 66,908 68,935
Asset Backed Securities [Member] | Recurring Fair Value Measurements [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Available-for-sale debt securities 66,908 68,935
Obligations of States and Political Subdivisions [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Available-for-sale debt securities 76,320 73,188
Obligations of States and Political Subdivisions [Member] | Recurring Fair Value Measurements [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Available-for-sale debt securities 76,320 73,188
Corporate Debt Securities [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Available-for-sale debt securities 48,766 52,292
Corporate Debt Securities [Member] | Recurring Fair Value Measurements [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Available-for-sale debt securities 48,766 52,292
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Equity securities 30,256 30,809
Available-for-sale debt securities 196,415 196,857
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Recurring Fair Value Measurements [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Equity securities 30,256 30,809
Available-for-sale debt securities 196,415 196,857
Total assets recurring fair value measurements 226,671 227,666
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | U.S. Treasury [Member] | Recurring Fair Value Measurements [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Available-for-sale debt securities 196,415 196,857
Significant Other Observable Inputs (Level 2) [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Available-for-sale debt securities 3,099,592 3,089,190
Loans held for sale 59,281 87,454
Other assets - interest rate swaps 55,409 63,144
Other liabilities - interest rate swaps 56,559 64,181
Significant Other Observable Inputs (Level 2) [Member] | Recurring Fair Value Measurements [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Available-for-sale debt securities 3,099,592 3,089,190
Loans held for sale 59,281 87,454
Other assets - interest rate swaps 55,409 63,144
Total assets recurring fair value measurements 3,214,282 3,239,788
Other liabilities - interest rate swaps 56,559 64,181
Total liabilities recurring fair value measurements 56,559 64,181
Significant Other Observable Inputs (Level 2) [Member] | U.S. Government Sponsored Entities and Agencies [Member] | Recurring Fair Value Measurements [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Available-for-sale debt securities 217,395 222,997
Significant Other Observable Inputs (Level 2) [Member] | Residential Mortgage-Backed Securities and Collateralized Mortgage Obligations of Government Sponsored Entities and Agencies [Member] | Recurring Fair Value Measurements [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Available-for-sale debt securities 2,634,462 2,610,448
Significant Other Observable Inputs (Level 2) [Member] | Commercial Mortgage-Backed Securities and Collateralized Mortgage Obligations of Government Sponsored Entities and Agencies [Member] | Recurring Fair Value Measurements [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Available-for-sale debt securities 57,971 63,615
Significant Other Observable Inputs (Level 2) [Member] | Asset Backed Securities [Member] | Recurring Fair Value Measurements [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Available-for-sale debt securities 66,908 68,935
Significant Other Observable Inputs (Level 2) [Member] | Obligations of States and Political Subdivisions [Member] | Recurring Fair Value Measurements [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Available-for-sale debt securities 74,090 70,903
Significant Other Observable Inputs (Level 2) [Member] | Corporate Debt Securities [Member] | Recurring Fair Value Measurements [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Available-for-sale debt securities 48,766 52,292
Significant Unobservable Inputs (Level 3) [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Available-for-sale debt securities 2,230 2,285
Significant Unobservable Inputs (Level 3) [Member] | Recurring Fair Value Measurements [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Available-for-sale debt securities 2,230 2,285
Total assets recurring fair value measurements 2,230 2,285
Significant Unobservable Inputs (Level 3) [Member] | Nonrecurring Fair Value Measurements [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Collateral dependent loans 18,191 20,400
Other real estate owned and repossessed assets 1,323 907
Total assets recurring fair value measurements 19,514 21,307
Significant Unobservable Inputs (Level 3) [Member] | Obligations of States and Political Subdivisions [Member] | Recurring Fair Value Measurements [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Available-for-sale debt securities $ 2,230 $ 2,285
v3.26.1
Fair Value Measurement - Additional Information (Detail) - USD ($)
3 Months Ended 12 Months Ended
Mar. 31, 2026
Dec. 31, 2025
Fair Value Disclosures [Abstract]    
Fair value transfer amount $ 0 $ 0
v3.26.1
Fair Value Measurement - Schedule of Assets Measured at Fair Value on Nonrecurring Basis (Detail) - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Mar. 31, 2026
Dec. 31, 2025
Fair Value Inputs Asset Quantitative Information [Line Items]    
Other real estate owned and repossessed assets $ 1,323 $ 907
Fair Value, Measurements, Nonrecurring [Member]    
Fair Value Inputs Asset Quantitative Information [Line Items]    
Collateral dependent loans 18,191 20,400
Other real estate owned and repossessed assets 1,323 907
Fair Value, Measurements, Nonrecurring [Member] | Significant Unobservable Inputs (Level 3) [Member]    
Fair Value Inputs Asset Quantitative Information [Line Items]    
Collateral dependent loans 18,191 20,400
Other real estate owned and repossessed assets $ 1,323 $ 907
Fair Value, Measurements, Nonrecurring [Member] | Significant Unobservable Inputs (Level 3) [Member] | Minimum [Member]    
Fair Value Inputs Asset Quantitative Information [Line Items]    
Collateral dependent loans, Appraisal adjustments (0.00%) 0.00%
Collateral dependent loans, Liquidation expenses (7.20%) (8.20%)
Fair Value, Measurements, Nonrecurring [Member] | Significant Unobservable Inputs (Level 3) [Member] | Maximum [Member]    
Fair Value Inputs Asset Quantitative Information [Line Items]    
Collateral dependent loans, Appraisal adjustments (31.90%) (20.80%)
Collateral dependent loans, Liquidation expenses (10.50%) (10.50%)
Fair Value, Measurements, Nonrecurring [Member] | Significant Unobservable Inputs (Level 3) [Member] | Weighted Average [Member]    
Fair Value Inputs Asset Quantitative Information [Line Items]    
Collateral dependent loans, Appraisal adjustments (9.40%) (7.30%)
Collateral dependent loans, Liquidation expenses (9.50%) (9.70%)
v3.26.1
Fair Value Measurement - Estimates Fair Value of Financial Instruments (Detail) - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Financial Assets    
Cash and due from banks $ 960,410 $ 956,109
Equity securities 30,256 30,809
Available-for-sale debt securities 3,298,237 3,288,332
Net held-to-maturity debt securities 1,120,597 1,132,114
Net loans 18,872,658 19,007,683
Loans held for sale 59,281 87,454
Accrued interest receivable 105,288 106,651
Financial Liabilities    
Deposits 21,668,274 21,668,840
Federal Home Loan Bank borrowings 975,000 1,200,000
Other borrowings 114,068 110,679
Subordinated debt and junior subordinated debt 308,683 308,529
Accrued interest payable 19,917 19,150
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]    
Financial Assets    
Cash and due from banks 960,410 956,109
Equity securities 30,256 30,809
Available-for-sale debt securities 196,415 196,857
Accrued interest receivable 105,288 106,651
Financial Liabilities    
Deposits 18,938,970 18,793,468
Other borrowings 107,454 105,240
Accrued interest payable 19,917 19,150
Significant Other Observable Inputs (Level 2) [Member]    
Financial Assets    
Available-for-sale debt securities 3,099,592 3,089,190
Net held-to-maturity debt securities 1,011,167 1,035,821
Loans held for sale 59,281 87,454
Other assets - interest rate derivatives 55,409 63,144
Financial Liabilities    
Deposits 2,715,073 2,863,653
Federal Home Loan Bank borrowings 975,373 1,200,761
Subordinated debt and junior subordinated debt 294,498 298,974
Other liabilities - interest rate derivatives 56,559 64,181
Significant Unobservable Inputs (Level 3) [Member]    
Financial Assets    
Available-for-sale debt securities 2,230 2,285
Net held-to-maturity debt securities 136 136
Net loans 18,635,203 18,563,341
Carrying Amount [Member]    
Financial Assets    
Cash and due from banks 960,410 956,109
Equity securities 30,256 30,809
Available-for-sale debt securities 3,298,237 3,288,332
Net held-to-maturity debt securities 1,120,446 1,131,946
Net loans 18,872,658 19,007,683
Loans held for sale 59,281 87,454
Other assets - interest rate derivatives 55,409 63,144
Accrued interest receivable 105,288 106,651
Financial Liabilities    
Deposits 21,668,274 21,668,840
Federal Home Loan Bank borrowings 975,000 1,200,000
Other borrowings 114,068 110,679
Subordinated debt and junior subordinated debt 308,683 308,529
Other liabilities - interest rate derivatives 56,559 64,181
Accrued interest payable 19,917 19,150
Fair Value Estimate [Member]    
Financial Assets    
Cash and due from banks 960,410 956,109
Equity securities 30,256 30,809
Available-for-sale debt securities 3,298,237 3,288,332
Net held-to-maturity debt securities 1,011,303 1,035,957
Net loans 18,635,203 18,563,341
Loans held for sale 59,281 87,454
Other assets - interest rate derivatives 55,409 63,144
Accrued interest receivable 105,288 106,651
Financial Liabilities    
Deposits 21,654,043 21,657,121
Federal Home Loan Bank borrowings 975,373 1,200,761
Other borrowings 107,454 105,240
Subordinated debt and junior subordinated debt 294,498 298,974
Other liabilities - interest rate derivatives 56,559 64,181
Accrued interest payable $ 19,917 $ 19,150
v3.26.1
Revenue Recognition - Summary of Revenue Recognition (Detail) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Disaggregation of Revenue [Line Items]    
Total net securities brokerage revenue $ 3,472 $ 2,701
Digital banking income 6,599 5,404
Net swap fee and valuation income 1,062 961
Mortgage banking income 919 1,140
Net gain (loss) on other real estate owned and other assets 546 (40)
Total Service Charges on Deposits [Member]    
Disaggregation of Revenue [Line Items]    
Total trust fees/Total service charges on deposits 10,961 8,587
Trust Account fees [Member]    
Disaggregation of Revenue [Line Items]    
Total trust fees/Total service charges on deposits $ 8,350 6,673
Point of revenue recognition Over time  
WesMark Fees [Member]    
Disaggregation of Revenue [Line Items]    
Total trust fees/Total service charges on deposits $ 2,092 2,024
Point of revenue recognition Over time  
Net Swap Fee and Valuation Income [Member]    
Disaggregation of Revenue [Line Items]    
Point of revenue recognition At a point in time  
Total Trust Fees [Member]    
Disaggregation of Revenue [Line Items]    
Total trust fees/Total service charges on deposits $ 10,442 8,697
Commercial Banking Fees [Member]    
Disaggregation of Revenue [Line Items]    
Total trust fees/Total service charges on deposits $ 2,617 1,937
Point of revenue recognition Over time  
Personal Service Charges [Member]    
Disaggregation of Revenue [Line Items]    
Total trust fees/Total service charges on deposits $ 8,344 6,650
Point of revenue recognition At a point in time and over time  
Annuity Commissions [Member]    
Disaggregation of Revenue [Line Items]    
Total net securities brokerage revenue $ 2,297 1,987
Point of revenue recognition At a point in time  
Equity And Debt Security Trades [Member]    
Disaggregation of Revenue [Line Items]    
Total net securities brokerage revenue $ 160 124
Point of revenue recognition At a point in time  
Managed Money [Member]    
Disaggregation of Revenue [Line Items]    
Total net securities brokerage revenue $ 633 327
Point of revenue recognition Over time  
Trail Commissions [Member]    
Disaggregation of Revenue [Line Items]    
Total net securities brokerage revenue $ 382 262
Point of revenue recognition Over time  
Payment Processing Fees [Member]    
Disaggregation of Revenue [Line Items]    
Payment processing fees $ 871 $ 891
Point of revenue recognition At a point in time and over time  
Digital Banking Income [Member]    
Disaggregation of Revenue [Line Items]    
Point of revenue recognition At a point in time  
Mortgage [Member]    
Disaggregation of Revenue [Line Items]    
Point of revenue recognition At a point in time  
Other Real Estate Owned and Other Assets [Member]    
Disaggregation of Revenue [Line Items]    
Point of revenue recognition At a point in time and over time  
v3.26.1
Revenue Recognition - Summary of Revenue Recognition (Parenthetical) (Detail) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Net Swap Fee and Valuation Income [Member]    
Disaggregation of Revenue [Line Items]    
Gain (loss) on change in fair value of underlying swaps not within the scope of ASC 606 $ (0.1) $ (1.0)
v3.26.1
Comprehensive Income/(Loss) - Components of Accumulated Other Comprehensive Income (Loss) (Detail) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Accumulated Other Comprehensive Income (Loss) [Line Items]    
Beginning Balance $ 4,031,913 $ 2,790,281
Amounts reclassified from accumulated other comprehensive income/(loss) (496) (214)
Total other comprehensive (loss) income (13,875) 27,922
Ending Balance 4,070,608 3,781,579
Accumulated Defined Benefit Plans Adjustment [Member]    
Accumulated Other Comprehensive Income (Loss) [Line Items]    
Beginning Balance 6,584 5,124
Other comprehensive income before reclassifications 0 0
Amounts reclassified from accumulated other comprehensive income/(loss) (227) (128)
Total other comprehensive (loss) income (227) (128)
Ending Balance 6,357 4,996
Accumulated Unrealized Gains (Losses) on Debt Securities Available for Sale [Member]    
Accumulated Other Comprehensive Income (Loss) [Line Items]    
Beginning Balance (139,904) (223,756)
Other comprehensive income before reclassifications (13,379) 28,136
Amounts reclassified from accumulated other comprehensive income/(loss) (269) (86)
Total other comprehensive (loss) income (13,648) 28,050
Ending Balance (153,552) (195,706)
Accumulated Other Comprehensive Loss [Member]    
Accumulated Other Comprehensive Income (Loss) [Line Items]    
Beginning Balance (133,320) (218,632)
Other comprehensive income before reclassifications (13,379) 28,136
Amounts reclassified from accumulated other comprehensive income/(loss) (496) (214)
Total other comprehensive (loss) income (13,875) 27,922
Ending Balance $ (147,195) $ (190,710)
v3.26.1
Comprehensive Income/(Loss) - Components of Accumulated Other Comprehensive Income (Parenthetical) (Detail)
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Statement of Comprehensive Income [Abstract]    
Percentage of Federal and State income tax rate 24.00% 24.00%
v3.26.1
Comprehensive Income/(Loss) - Schedule of Amounts Reclassified from Accumulated Other Comprehensive Income/(Loss) (Detail) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]    
Net securities gains reclassified into earnings $ 13 $ 318
Provision for income taxes 22,789 (673)
Amortization of state tax rate change reclassified into earnings (243) (58)
Employee benefits (Non-interest expense) 17,611 12,970
Net effect on accumulated other comprehensive income/(loss) for the period (496) (214)
Accumulated Unrealized Gains (Losses) on Debt Securities Available for Sale [Member]    
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]    
Net effect on accumulated other comprehensive income/(loss) for the period (269) (86)
Accumulated Defined Benefit Plans Adjustment [Member]    
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]    
Net effect on accumulated other comprehensive income/(loss) for the period (227) (128)
Amounts Reclassified From Accumulated Other Comprehensive Income/(Loss) [Member] | Accumulated Unrealized Gains (Losses) on Debt Securities Available for Sale [Member]    
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]    
Net securities gains reclassified into earnings (37) (40)
Provision for income taxes 11 12
Amortization of state tax rate change reclassified into earnings (243) (58)
Amounts Reclassified From Accumulated Other Comprehensive Income/(Loss) [Member] | Accumulated Defined Benefit Plans Adjustment [Member]    
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]    
Provision for income taxes 68 44
Employee benefits (Non-interest expense) $ (295) $ (172)
v3.26.1
Comprehensive Income/(Loss) - Schedule of Amounts Reclassified from Accumulated Other Comprehensive Income/(Loss) (Parenthetical) (Detail)
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Statement of Comprehensive Income [Abstract]    
Percentage of Federal and State income tax rate 24.00% 24.00%
v3.26.1
Commitments and Contingent Liabilities - Additional Information (Detail) - USD ($)
$ in Millions
Mar. 31, 2026
Dec. 31, 2025
Commitments and Contingencies Disclosure [Abstract]    
Allowance for credit losses associated with loan commitments $ 7.2 $ 7.0
Liability associated with letters of credit $ 0.4 $ 0.4
v3.26.1
Commitments and Contingent Liabilities - Commitments to Extend Credit, Guarantees and Various Letters of Credit Outstanding (Detail) - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Commitments and Contingencies Disclosure [Abstract]    
Lines of credit $ 5,296,647 $ 5,231,344
Loans approved but not closed 612,527 469,694
Overdraft limits 562,486 556,063
Letters of credit 61,167 56,030
Contingent obligations and other guarantees $ 32,379 $ 36,179
v3.26.1
Business Segments - Additional Information (Detail)
$ in Billions
3 Months Ended
Mar. 31, 2026
USD ($)
Segment
Mar. 31, 2025
USD ($)
Segment Reporting Information [Line Items]    
Operating segments 2  
Reportable segments 2  
Maximum percentage of total segment revenue 10.00%  
Segment reporting, codm, profit (loss) measure, how used, description The CODM uses net income as the reported measure of segment profit or loss in making business decisions regarding reinvestment into the Company’s segments, using profits for acquisitions and/or paying dividends to shareholders. In addition, net income is used to monitor budget versus actual results, to perform competitive analysis by benchmarking to peers and as a factor to establish compensation for certain employees. Wesbanco does not have any material intra-entity sales or transfers.  
Segment Reporting, CODM, Individual Title and Position or Group Name [Extensible Enumeration] President and Chief Executive Officer [Member]  
Trust and Investment Services [Member]    
Segment Reporting Information [Line Items]    
Market value of trust assets | $ $ 7.8 $ 7.0
v3.26.1
Business Segments - Schedule of Financial Information to Wesbanco's Business Segment (Detail) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Segment Reporting Information [Line Items]    
Interest and dividend income $ 325,624 $ 253,232
Less: Interest expense 110,223 94,713
NET INTEREST INCOME 215,401 158,519
Less: Provision for credit losses (897) 68,883
Net interest income after provision for credit losses 216,298 89,636
Non-interest income:    
Trust fees 10,442 8,697
Service charges on deposits 10,961 8,587
Digital banking income 6,599 5,404
Net securities brokerage revenue 3,472 2,701
Bank-owned life insurance 3,811 3,428
Net securities losses (13) (318)
Net loss on other real estate owned and other assets 546 (40)
Mortgage banking income 919 1,140
Other income 4,032 4,105
Less :    
Salaries and wages 63,964 48,577
Employee benefits 17,611 12,970
Net occupancy 8,529 7,778
Equipment and software 15,678 13,050
Marketing 1,526 2,382
FDIC insurance 4,784 4,187
Merger-related and restructuring 3,713 20,010
Amortization of intangibles 7,160 4,223
Income (loss) before provision for income taxes 111,424 (9,665)
Provision for income taxes 22,789 (673)
Net income (loss) 88,635 (8,992)
Reconciliation of segment profit (loss)    
Preferred stock dividends (4,240) (2,531)
Net income (loss) available to common shareholders 84,395 (11,523)
Operating Segments [Member]    
Non-interest income:    
Total revenues 258,129 124,301
Less :    
Net income (loss) 88,635 (8,992)
Reconciliation of segment profit (loss)    
Preferred stock dividends (4,240) (2,531)
Net income (loss) available to common shareholders 84,395 (11,523)
Community Banking [Member] | Operating Segments [Member]    
Segment Reporting Information [Line Items]    
Interest and dividend income 325,624 253,232
Less: Interest expense 104,323 89,649
NET INTEREST INCOME 221,301 163,583
Less: Provision for credit losses (897) 68,883
Net interest income after provision for credit losses 222,198 94,700
Non-interest income:    
Service charges on deposits 10,961 8,587
Digital banking income 6,599 5,404
Net swap fee and valuation income 1,062 961
Net securities brokerage revenue 3,472 2,701
Net insurance services revenue 1,209 955
Bank-owned life insurance 3,811 3,428
Payment processing fees 871 891
Net securities losses (13) (318)
Net loss on other real estate owned and other assets 546 (40)
Mortgage banking income 919 1,140
Other income 1,949 2,250
Total revenues 253,584 120,659
Less :    
Salaries and wages 61,820 46,615
Employee benefits 17,067 12,490
Net occupancy 8,457 7,721
Equipment and software 15,394 12,993
Miscellaneous taxes 4,669 4,233
Professional services 4,678 3,655
Marketing 1,514 2,362
FDIC insurance 4,784 4,187
Supplies 2,008 1,685
Telecommunications 1,170 1,210
General administration 1,652 1,370
Merger-related and restructuring 3,338 13,691
Amortization of intangibles 6,864 4,183
Other segment items 4,169 4,886
Income (loss) before provision for income taxes 116,000 (622)
Provision for income taxes 23,869 109
Net income (loss) 92,131 (731)
Trust and Investment Services [Member] | Operating Segments [Member]    
Segment Reporting Information [Line Items]    
Less: Interest expense 1,820 935
NET INTEREST INCOME (1,820) (935)
Net interest income after provision for credit losses (1,820) (935)
Non-interest income:    
Trust fees 8,350 6,673
WesMark fees 2,092 2,024
Other income 0  
Total revenues 8,622 7,762
Less :    
Salaries and wages 2,144 1,962
Employee benefits 544 480
Net occupancy 72 57
Equipment and software 284 57
Miscellaneous taxes 2 1
Professional services 143 138
Marketing 12 20
Supplies 48 53
General administration 53 28
Amortization of intangibles 296 40
Corporate overhead expenses 1,967 1,580
Other segment items 146 31
Income (loss) before provision for income taxes 2,911 3,315
Provision for income taxes 611 696
Net income (loss) 2,300 2,619
Corporate Other [Member] | Operating Segments [Member]    
Segment Reporting Information [Line Items]    
Less: Interest expense 4,080 4,129
NET INTEREST INCOME (4,080) (4,129)
Net interest income after provision for credit losses (4,080) (4,129)
Non-interest income:    
Other income 3 9
Total revenues (4,077) (4,120)
Less :    
Professional services 2,631 1,825
General administration 370 130
Merger-related and restructuring 375 6,319
Other segment items 34 (36)
Income (loss) before provision for income taxes (7,487) (12,358)
Provision for income taxes (1,691) (1,478)
Net income (loss) $ (5,796) $ (10,880)
v3.26.1
Business Segments - Schedule of Financial Information to Wesbanco's Business Segment (Parenthetical) (Detail) - Community Banking [Member] - Operating Segments [Member] - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Net Occupancy [Member]    
Segment Reporting Information [Line Items]    
Depreciation and amortization expense $ 2.1 $ 1.9
Equipment and Software [Member]    
Segment Reporting Information [Line Items]    
Depreciation and amortization expense $ 2.9 $ 2.4