WesBanco (WSBC) Investor presentation summary

Investment rationale

• Strategy centers on organic loan and deposit growth, fee income, market expansion, positive operating leverage, and disciplined capital allocation.

• Highlights include $900MM of organic deposit growth over 24 months and 2.0x positive operating leverage since 12/31/2021; current-year operating leverage is YTD annualized.

• Relationship-led growth, diversified revenue, expense discipline, and credit, capital, and risk discipline underpin the stated growth model.

Scale and franchise

• Operations span 10 states, with $28.5B in assets, $19.9B in loans, $21.6B in deposits, and $10.5B in Wealth AUM as of 9/30/2026.

• Loan growth CAGR was 7.9% since 12/31/2021; the franchise was identified as a top-50 publicly traded financial institution.

• Deposits provided 92% of total funding versus 87% for the industry; the average loan-to-deposit ratio was 91%.

• Core deposits averaged $30,000 per account with 10+ years of account tenure; total deposit funding cost was 1.80% in Q3 2026.

Growth and market expansion

• Commercial banking drove an 8% loan growth CAGR; the loan portfolio was 72% commercial, 20% residential, and 8% home equity and consumer.

• LPOs and expansion markets generated $1.4B in loans and more than 30% of the commercial pipeline; Premier Financial delivered 49% core EPS accretion versus a 40% first-year projection.

• Florida expansion had $300MM in new loan relationships and a similarly sized pipeline; financial centers were on track to open in H1 2027, with a stated potential to reach a $2B bank within the next couple of years.

• Wealth, Trust, and Treasury are positioned as capital-light fee growth levers; Trust AUM increased 5.1% YoY to $8.1B.