WesBanco (WSBC) investor relations material

Executive summary

• Net income available to common shareholders was $84.4 million ($0.88 per diluted share), with adjusted net income (excluding merger/restructuring charges) of $87.3 million ($0.91 per share), up 38% year-over-year.

• Achieved or exceeded year-one financial targets from the Premier Financial Corp. (PFC) acquisition, including a 1.3% return on average assets and a 10.7% CET1 ratio.

• Integration of Premier Financial completed, placing the company among the 50 largest publicly traded banks in the U.S.

• Advanced commercial banking expansion into South Florida, building a record $1.6 billion commercial loan pipeline and planning closure of 10 financial centers in May.

• The quarter benefited from organic loan and deposit growth, higher securities yields, and disciplined execution of long-term strategy.

Financial highlights

• Net interest income rose 35.9% year-over-year to $215.4 million, with net interest margin improving 22 basis points to 3.57%.

• Non-interest income increased 20.7% year-over-year to $41.8 million, led by trust fees, service charges, and digital banking income.

• Non-interest expense (excluding restructuring/merger costs) rose 25.5% to $143.0 million, mainly due to the PFC acquisition.

• Total assets reached $27.5 billion; portfolio loans were $19.1 billion, up 2.2% year-over-year.

• Deposits increased 1.8% year-over-year to $21.7 billion, with demand deposits comprising 50% of the total.

Outlook and guidance

• Expect mid-single digit year-over-year loan growth for 2026, supported by a record pipeline and South Florida expansion.

• Net interest margin anticipated to rebound into low 3.60s% in Q2 and improve further in the second half.

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

• Expense run rate to approach $150 million in Q2, rising slightly in Q3 due to merit increases and expansion hiring.

• Management remains focused on disciplined investment, organic growth, and further optimization of the financial center network.