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WesBanco WSBC Bank Owned Life Insurance
Bank Owned Life Insurance at other companies
Other financials
Where this comes from
Reported directly by WesBanco in its filing.
Tagged under the XBRL concept us-gaap:BankOwnedLifeInsurance.
The source filing: WesBanco’s 10-Q, filed April 30, 2026.
- Filed
- Apr 30, 2026, 4:13 PM EDT
- Fiscal quarter
- Q1 FY2026
- Calendar quarter
- Q1 2026
- Accession
- 0001193125-26-197299
| (unaudited, in thousands, except shares) | March 31, 2026 | December 31, 2025 |
|---|---|---|
| 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 |
| LIABILITIES | ||
| Deposits: |
ITEM 1. FINANCIAL STATEMENTS
FAQ
- What is WesBanco's bank owned life insurance?
- WesBanco (WSBC) reported bank owned life insurance of $560.77M in Q1 2026.
- How has WesBanco's bank owned life insurance changed year-over-year?
- WesBanco's bank owned life insurance increased by 2.2% year-over-year, from $548.6M to $560.77M.
- What is the long-term trend for WesBanco's bank owned life insurance?
- Over 5 years (2020 to 2025), WesBanco's bank owned life insurance has grown at a 12.7% compound annual growth rate (CAGR), from $306.04M to $557.51M.
- What does bank owned life insurance mean?
- This represents the cash surrender value of life insurance policies purchased by the bank on the lives of its officers and employees, where the bank is the beneficiary. These policies are often used as a tax-advantaged vehicle to offset the costs of employee benefit plans. It reflects a portion of the bank's non-interest income strategy and long-term asset diversification.
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