WesBanco (WSBC) investor relations material

Executive summary

• Achieved strong sequential and year-over-year loan growth, with annualized loan growth of 8.3% sequentially and 3.5% year-over-year, supported by record commercial production and pipeline momentum.

• Net income available to common shareholders was $89.2 million ($0.92 per diluted share) excluding merger and restructuring charges; adjusted EPS for the first six months was $1.83, up from $1.60 last year.

• Record fee income achieved across securities brokerage, digital banking, and deposit service charges, with trust assets under management and securities account values at all-time highs.

• Efficiency ratio improved to a record low of 51.2%, down over 1 percentage point year-over-year and quarter-over-quarter.

• Continued expansion in Florida, Northern Virginia, Tennessee, and South Florida, with new financial centers planned.

Financial highlights

• GAAP net income for Q2 2026 was $88.4 million ($0.91 per share); adjusted net income was $89.2 million ($0.92 per share).

• Net interest margin improved to 3.63%, up 4 basis points year-over-year and 6 basis points sequentially.

• Total assets reached $27.8 billion; portfolio loans at $19.5 billion, up 3.5% year-over-year.

• Deposits increased 2.1% year-over-year to $21.6 billion, with demand deposits comprising 49% of the total.

• Return on average tangible common equity was 17.3%; CET1 capital ratio stood at 10.7%.

Outlook and guidance

• Expect mid-single-digit loan growth for 2026, supported by a record $2.3 billion commercial pipeline.

• Expansion and organic growth strategies are focused on Northern Virginia, Tennessee, and South Florida, with new financial centers planned for Florida in 2027.

• Anticipate deposit growth in the second half of the year, with special programs rolling out.

• Net interest margin projected to remain around 3.60% for the remainder of 2026.

• Quarterly fee income expected to grow 3%-5% year-over-year for the rest of 2026.