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Benefit Plans (Tables)
3 Months Ended
Mar. 31, 2021
Compensation And Retirement Disclosure [Abstract]  
Schedule of Defined Benefit Pension Plan

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

 

 

 

For the Three Months

Ended March 31,

 

(unaudited, in thousands)

 

2021

 

 

2020

 

Service cost – benefits earned during year

 

$

616

 

 

$

568

 

Interest cost on projected benefit obligation

 

 

842

 

 

 

1,121

 

Expected return on plan assets

 

 

(2,763

)

 

 

(2,594

)

Amortization of prior service cost

 

 

(8

)

 

 

(9

)

Amortization of net loss

 

 

675

 

 

 

793

 

Net periodic pension income

 

$

(638

)

 

$

(121

)