WesBanco (WSBC) investor relations material

Executive summary

• Adjusted EPS for Q3 2025 was $0.94, up 68% year-over-year, with net income available to common shareholders at $90 million, reflecting strong operational performance and successful integration of Premier Financial Corp (PFC).

• Significant growth in loans and deposits, with total loans up 52% to $18.9 billion and deposits up 53.8% to $21.3 billion, driven by organic growth and the PFC acquisition.

• Efficiency ratio improved to 55.1% due to expense synergies from the PFC acquisition and ongoing cost control initiatives.

• Strategic branch optimization underway, with 27 financial centers set to close in early 2026, targeting $6 million in annual pre-tax savings.

• Customer satisfaction rebounded to pre-conversion levels in new markets, with overall scores in the upper 80% percentile.

Financial highlights

• GAAP net income for Q3 2025 was $81 million ($0.84 per share); adjusted net income was $90 million ($0.94 per share), up nearly 150% from prior year.

• Net interest margin improved 58 basis points year-over-year to 3.53%.

• Non-interest income rose 51.5% to $44.9 million, with record highs in trust, deposit service charges, and electronic banking fees.

• Total assets reached $27.5 billion, up 49% year-over-year.

• Net interest income for Q3 2025 was $216.7 million, up 78.9% year-over-year.

Outlook and guidance

• Expect mid-single-digit year-over-year loan growth for 2025, supported by a $1.5 billion commercial loan pipeline.

• Net interest margin projected to rebound to mid-to-high 350s in Q4 2025.

• Efficiency ratio expected to continue improving into 2026, aided by branch closures and expense management.

• Financial center optimization strategy includes closing 27 locations in early 2026, with expected net pre-tax savings of $6 million.

• Deposit attrition from closures expected to be minimal due to customer migration to digital channels.