WesBanco Announces Second Quarter 2026 Financial Results

Rhea-AI Summary

WesBanco (Nasdaq: WSBC) reported second quarter 2026 net income available to common shareholders of $88.4 million, or $0.91 diluted EPS, up from $54.9 million and $0.57 a year earlier. For the first half of 2026, net income was $172.8 million, or $1.79 per diluted share, versus $43.4 million and $0.50 in 2025.

On an adjusted basis, diluted EPS was $0.92 for the quarter and $1.83 for six months, compared with $0.91 and $1.60, respectively. Annualized loan growth reached 8.3% sequentially and 3.5% year-over-year, while the commercial loan pipeline rose to a record $2.3 billion. Net interest margin improved to 3.63%, fee income hit record levels in several categories, and the efficiency ratio reached a record low 51.2%. Net interest income rose 2.5% year-over-year to $222.2 million in the quarter; non-interest income increased 22.0% to $53.6 million, aided by a non-recurring $4.8 million pension-related gain. Credit quality metrics remained stable, with net charge-offs at 0.02% of average loans and an allowance for credit losses of 1.12% of portfolio loans. Capital ratios stayed above well-capitalized levels, and WesBanco repurchased 0.3 million shares for $9.7 million during the quarter.

Positive

• Q2 2026 diluted EPS $0.91, up from $0.57 in Q2 2025
• Adjusted diluted EPS rose to $0.92 in Q2 and $1.83 for six months
• Net interest income $222.2 million in Q2, up 2.5% year-over-year
• Non-interest income $53.6 million in Q2, up 22.0% year-over-year
• Net interest margin 3.63%, up 4 bps year-over-year and 6 bps sequentially
• Efficiency ratio 51.2%, more than 1 percentage point better year-over-year and quarter-over-quarter
• Annualized loan growth 8.3% sequentially; commercial pipeline reached a record $2.3 billion
• Net charge-offs 0.02% of total average loans, with ACL at 1.12% of portfolio loans
• Tier 1 leverage 9.83% and CET1 10.70%, above well-capitalized thresholds
• Share repurchases of 0.3 million shares for $9.7 million at $33.55 per share

Negative

• Provision for credit losses $9.2 million in Q2, up from $3.2 million year-over-year
• Non-interest expense (ex-restructuring) $291.1 million for six months, up 12.2% year-over-year
• Mortgage banking income $1.1 million in Q2, down 55.4% year-over-year
• CRE payoffs of approximately $345 million in Q2, reducing reported year-over-year loan growth by about 1 percentage point
• Total interest and dividend income down 1.0% in Q2, while savings deposit interest expense rose 27.2% year-over-year

News Explained

The July 21 results release reports that WesBanco has closed 37 financial centers in 2026 while deposits declined $75 million sequentially, and plans Florida branch openings in the first half of 2027; the disclosed change is to its operating footprint.

Market Context

Five prior earnings-tag events averaged -3.29%, adding historical context to this quarterly report w...

Analysis

Five prior earnings-tag events averaged -3.29%, adding historical context to this quarterly report without establishing an outcome. Insider data showed Net Buying, while low short positioning and elevated CRE payoffs were platform-record risk considerations.

Key Figures

Net Income: $88.4 million Diluted EPS: $0.91 Six-Month Net Income: $172.8 million +5 more

8 metrics

Net Income $88.4 million Second quarter 2026

Diluted EPS $0.91 Second quarter 2026

Six-Month Net Income $172.8 million Six months ended June 30, 2026

Six-Month Diluted EPS $1.79 Six months ended June 30, 2026

Annualized Loan Growth 8.3% Sequential quarter growth

Commercial Loan Pipeline $2.3 billion As of June 30, 2026

Net Interest Margin 3.63% Second quarter 2026

Efficiency Ratio 51.2% Second quarter 2026

Previous Earnings Reports

5 past events · Latest: Apr 21 (Positive)

Same Type Pattern 5 events

Date	Event	Sentiment	24h Move	Catalyst
Apr 21	First-quarter earnings	Positive	-7.2%	First-quarter earnings included $0.91 adjusted EPS and a record $1.6 billion loan pipeline.
Jan 27	Fourth-quarter earnings	Positive	-2.6%	Fourth-quarter earnings and improved efficiency followed the Premier Financial acquisition.
Oct 22	Third-quarter earnings	Positive	-2.1%	Third-quarter earnings showed higher deposits, loans, margin, and non-interest income.
Jul 29	Second-quarter earnings	Positive	-4.1%	Second-quarter earnings reflected acquisition-related growth and improved efficiency.
Apr 29	First-quarter earnings	Negative	-0.4%	First-quarter net loss reflected acquisition expenses and credit loss provisions.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

WesBanco's earnings-tag history showed negative 24-hour reactions for four of five prior positive earnings announcements.

Key Terms

net interest margin, commercial real estate, non-GAAP measures, common equity Tier 1 capital ratio

4 terms

net interest margin financial

"Increased net interest margin 4 basis points year-over-year to 3.63%"

Net interest margin measures how much a bank earns from lending and investing compared with what it pays for funding, expressed as a percentage of its interest-earning assets. Think of it like a grocery store’s markup: it shows the gap between buying cost and selling price per dollar of goods — here, the cost is interest paid and the sale is interest received. Investors watch it because a higher margin usually means a bank is more profitable and better at managing interest rate and credit conditions.

commercial real estate financial

"offset higher commercial real estate ("CRE") payoffs"

Commercial real estate is property used to run businesses or earn rental income—examples include office buildings, shopping centers, warehouses and apartment complexes leased to tenants. Investors care because these properties generate regular cash flow through rent and can change value with the economy, interest rates and local demand, so owning them is like owning a small business that depends on customers, location and ongoing costs.

non-GAAP measures financial

"excluding after-tax restructuring and merger-related expenses (non-GAAP measures)"

Financial results that companies present using formulas or adjustments different from standard accounting rules (GAAP) to highlight what management considers the business’s ongoing performance. Investors care because these figures can make trends or profitability look clearer—like showing a car’s fuel efficiency after removing unusual trips—but they can also hide one‑time costs or aggressive assumptions, so comparing them with GAAP numbers helps judge reliability.

common equity Tier 1 capital ratio regulatory

"common equity Tier 1 capital ratio ("CET 1") was 10.70%"

A bank’s common equity tier 1 (CET1) capital ratio measures the size of its strongest loss-absorbing capital—mainly common shares and retained earnings—relative to the bank’s assets after adjusting those assets for how risky they are (riskier loans count more). Think of it as the safety cushion compared with the weight of risky business; investors use it to judge a bank’s ability to survive losses, meet rules, and sustain dividends or growth.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Marked by strong annualized loan growth, top-tier efficiency ratio, and accelerating growth in targeted expansion markets

WHEELING, W.Va., July 21, 2026 /PRNewswire/ -- WesBanco, Inc. ("WesBanco" or "Company") (Nasdaq: WSBC), a diversified, multi-state bank holding company, today announced net income and related earnings per share for the three months ended June 30, 2026. Net income available to common shareholders for the second quarter of 2026 was $88.4 million, with diluted earnings per share of $0.91, compared to $54.9 million and $0.57 per diluted share, respectively, for the second quarter of 2025. For the six months ended June 30, 2026, net income was $172.8 million, or $1.79 per diluted share, compared to $43.4 million, or $0.50 per diluted share, for the 2025 period.

As noted below, WesBanco reported $0.92 of earnings per diluted share, in the second quarter, as compared to $0.91 in the prior year period, when excluding after-tax restructuring and merger-related expenses (non-GAAP measures). On a similar basis and excluding the after-tax day one provision for credit losses on acquired loans, WesBanco reported $1.83 per diluted share, for the six month period, as compared to $1.60 per diluted share last year (non-GAAP measures).

			For the Three Months Ended June 30,											For the Six Months Ended June 30,
			2026						2025					2026				2025
(unaudited, dollars in thousands, except per share amounts)			Net Income		Diluted Earnings Per Share				Net Income		Diluted Earnings Per Share			Net Income		Diluted Earnings Per Share		Net Income		Diluted Earnings Per Share
Net income available to common shareholders (GAAP)			$        88,437		$             0.91				$        54,884		$             0.57			$      172,832		$             1.79		$        43,360		$             0.50
Add: After-tax restructuring and merger- related expenses			792		0.01				32,434		0.34			3,726		0.04		48,242		0.56
Add: After-tax day one provision for credit losses on acquired loans			-		-				-		-			-		-		46,926		0.54
Adjusted net income available to common shareholders (Non-GAAP) (1)			$        89,229		$             0.92				$        87,318		$             0.91			$      176,558		$             1.83		$      138,528		$             1.60
(1) See non-GAAP financial measures for additional information relating to the calculation of these items.

Financial and operational highlights for the quarter ended June 30, 2026:

• Generated annualized loan growth of 8.3% over the sequential quarter and 3.5% year-over-year as organic growth across all markets more than offset higher commercial real estate ("CRE") payoffs of approximately $345 million, which impacted year-over-year loan growth by 1.0%
• Grew commercial loan pipeline to a record $2.3 billion as of June 30, 2026, reflecting strong business development activity and growing opportunities across all markets, with an average loan to deposit ratio of 88.9% that provides substantial capacity to fund loan growth
• Increased net interest margin 4 basis points year-over-year to 3.63%, primarily driven by lower funding costs and asset repricing
• Achieved record fee income levels across securities brokerage, digital banking, and service charges on deposits, as well as record levels of trust assets under management and securities account values
• Improved efficiency ratio more than 1 percentage point both year-over-year and quarter-over-quarter to a record low of 51.2%, primarily due to a focus on driving positive operating leverage
• Advanced our organic growth strategy and commercial momentum in targeted expansion markets, including Northern Virginia, Tennessee, and South Florida; and, positioning the Florida franchise for continued growth through planned financial center openings during the first half of 2027
• Recently recognized as one of America's High Growth Companies by Business Insider and one of America's Best Companies by Time

"Our strong second quarter performance reflects the continued success of our relationship-focused banking model and disciplined growth strategy," said Jeff Jackson, President and Chief Executive Officer, WesBanco. "We generated annualized loan growth of more than 8%, expanded our commercial loan pipeline to a record $2.3 billion, and generated positive operating leverage, demonstrating our ability to drive profitable growth across the franchise. With a solid funding position and strong momentum across our markets – particularly our Premier and expansion markets in Northern Virginia, Tennessee, and Florida – we are well-positioned for continued growth."

Balance Sheet

WesBanco's balance sheet, as of June 30, 2026, reflects organic growth and the impact of elevated CRE payoffs. Total assets increased 0.8% year-over-year to $27.8 billion, including total portfolio loans of $19.5 billion and total securities of $4.4 billion. Total portfolio loans increased 3.5% year-over-year due to organic growth of $650 million partially offset by higher CRE payoffs. As anticipated, CRE payoffs continued to remain elevated and totaled approximately $345 million during the second quarter of 2026, consistent with the elevated quarterly levels incurred during the prior nine months. The commercial loan pipeline has grown 90% since year-end to a record $2.3 billion, as of June 30, 2026.

Deposits of $21.6 billion increased 2.1% year-over-year due to organic growth that more than offset the decline in higher cost certificates of deposit (CDs). Despite the closure of 37 financial centers this year, deposits were down only $75 million, or 0.4%, on a sequential quarter basis reflecting the remaining $50 million of brokered deposits that paid off on April 1^st and the decline in higher cost CDs. Total deposits excluding CDs increased 4.3% year-over-year and 1.3% annualized sequentially. Total demand deposits represented 49% of total deposits, with the non-interest bearing component representing 24%.

Credit Quality

As of June 30, 2026, credit quality measures have remained in consistent range, from a historical perspective. Non-performing loans remained flat to the first quarter as the three credits added last quarter continue to be addressed. Net charge-offs for the second quarter were 0.02% of total average loans. The allowance for credit losses to total portfolio loans at June 30, 2026 was 1.12% of total loans, or $217.8 million. The second quarter net provision for credit losses of $9.2 million was primarily due to higher loan balances. Excluded from the allowance for credit losses and the related coverage ratio is a remaining unaccreted discount on purchased loans from acquisitions representing 1.41% of total portfolio loans.

Net Interest Margin and Income

The second quarter margin of 3.63% improved 4 basis points year-over-year primarily due to lower funding costs and 6 basis points sequentially due to higher loan yields and lower funding costs. Deposit funding costs of 235 basis points for the second quarter of 2026 decreased 11 basis points from the prior year period and were flat to the first quarter. When including non-interest bearing deposits, deposit funding costs for the second quarter were 178 basis points.

Net interest income for the second quarter of 2026 was $222.2 million, an increase of $5.4 million, or 2.5% year-over-year, reflecting lower FHLB borrowing and deposit costs and higher securities yields. For the six months ended June 30, 2026, net interest income of $437.6 million increased $62.3 million, or 16.6%, primarily due to the reasons discussed for the three-month period comparison and higher loan balances.

Non-Interest Income

For the second quarter of 2026, non-interest income of $53.6 million increased $9.7 million, or 22.0%, from the second quarter of 2025 due primarily to higher net swap and valuation income, service charges on deposits, and other income. Gross swap fees were $2.8 million in the second quarter, compared to $1.4 million in the prior year period, while the fair value adjustment was $0.3 million, compared to a loss of $0.7 million in the prior year period. Service charges on deposits increased $1.1 million year-over-year due to increased general spending and higher transaction volumes from our larger customer base, as well as an increase in monthly fees that took effect during June. Other income for the second quarter of 2026 included a non-recurring $4.8 million gain related to the freezing of future service for actively employed participants in the pension plan. Mortgage banking income decreased $1.3 million from the prior year period primarily due to more mortgage volume going into portfolio loans.

Primarily reflecting the items discussed above, as well as trust fees and net securities brokerage revenue, non-interest income, for the six months ended June 30, 2026, increased $16.8 million, or 21.4%, year-over-year to $95.5 million. Reflecting record asset levels, trust fees and net securities brokerage revenue increased $1.9 million and $1.1 million, respectively, due to the addition of PFC wealth clients, market value appreciation, and organic growth.

Non-Interest Expense

Non-interest expense, excluding restructuring and merger-related costs, for the three months ended June 30, 2026 was $148.1 million, a $2.6 million, or 1.8%, increase year-over-year primarily due to higher salaries and wages offset by discretionary expense management. Salaries and wages of $66.4 million increased due to recent hiring efforts, primarily in Florida, and bonus accrual adjustments. FDIC insurance expense of $4.2 million decreased due to a lower assessment rate associated with our improved financial ratios. Equipment and software of $2.3 million, which was consistent with the last several quarters, decreased $1.5 million year-over-year due to the cost of operating two core systems in the prior year related to the PFC acquisition until the conversion to one platform in mid-May 2025. Amortization of intangible assets of $7.1 million, which was consistent with the last couple quarters, decreased $2.1 million year-over-year due to the core deposit intangible asset that was created from the acquisition of PFC in the prior year. Restructuring and merger-related expenses decreased $40.1 million from the prior year period, which included costs associated with the closing of the PFC acquisition.

Excluding restructuring and merger-related expenses, non-interest expense during the first half of 2026 of $291.1 million increased $31.6 million, or 12.2%, compared to the prior year period, due primarily to the expenses described above.

Capital

WesBanco continues to maintain what we believe are strong regulatory capital ratios, as both consolidated and bank-level regulatory capital ratios are well above the applicable "well-capitalized" standards promulgated by bank regulators and the BASEL III capital standards. At June 30, 2026, Tier I leverage was 9.83%, Tier I risk-based capital ratio was 11.72%, common equity Tier 1 capital ratio ("CET 1") was 10.70%, and total risk-based capital was 14.18%. In addition, the tangible common equity to tangible assets ratio was 8.44%.

During the second quarter, WesBanco repurchased 0.3 million shares of its outstanding common stock on the open market at a total cost of $9.7 million, or $33.55 per share. As of June 30, 2026, approximately 4.5 million shares remained for repurchase under the combination of the 4.0 million share repurchase authorization approved by WesBanco's Board of Directors on May 20, 2026 and the remainder of the February 24, 2022 authorization.

Conference Call and Webcast

WesBanco will host a conference call to discuss the Company's financial results for the second quarter of 2026 at 9:00 a.m. ET on Wednesday, July 22, 2026. Interested parties can access the live webcast of the conference call through the Investor Relations section of the Company's website, www.wesbanco.com. Participants can also listen to the conference call by dialing 888-347-6607, or 1-412-902-4290 for international callers, and asking to be joined into the WesBanco call. Please log in or dial in at least 10 minutes prior to the start time to ensure a connection.

A replay of the conference call will be available by dialing 855-669-9658, or 1-412-317-0088 for international callers, and providing the access code of 4494073. The replay will begin at approximately 11:00 a.m. ET on July 22, 2026, and end at 12 a.m. ET on August 6, 2026. An archive of the webcast will be available for one year on the Investor Relations section of the Company's website (www.wesbanco.com). 

Forward-Looking Statements

Forward-looking statements in this report relating to WesBanco's plans, strategies, objectives, expectations, intentions and adequacy of resources, are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The information contained in this report should be read in conjunction with WesBanco's Form 10-K for the year ended December 31, 2025 and documents subsequently filed by WesBanco with the Securities and Exchange Commission ("SEC") including WesBanco's Form 10-Q for the quarter ended March 31, 2026, which are available at the SEC's website, www.sec.gov or at WesBanco's website, www.WesBanco.com. Investors are cautioned that forward-looking statements, which are not historical fact, involve risks and uncertainties, including those detailed in WesBanco's most recent Annual Report on Form 10-K filed with the SEC under "Risk Factors" in Part I, Item 1A. Such statements are subject to important factors that could cause actual results to differ materially from those contemplated by such statements, including, without limitation, changes in interest rates, spreads on earning assets and interest-bearing liabilities, and associated interest rate sensitivity; sources of liquidity available to WesBanco and its related subsidiary operations; potential future credit losses and the credit risk of commercial, real estate, and consumer loan customers and their borrowing activities; actions of the Federal Reserve Board, the Federal Deposit Insurance Corporation, the Consumer Financial Protection Bureau, the SEC, the Financial Institution Regulatory Authority, the Municipal Securities Rulemaking Board, the Securities Investors Protection Corporation, and other regulatory bodies; potential legislative and federal and state regulatory actions and reform, including, without limitation, the impact of the implementation of the Dodd-Frank Act; adverse decisions of federal and state courts; fraud, scams and schemes of third parties; cyber-security breaches; competitive conditions in the financial services industry; rapidly changing technology affecting financial services; marketability of debt instruments and corresponding impact on fair value adjustments; and/or other external developments materially impacting WesBanco's operational and financial performance. WesBanco does not assume any duty to update forward-looking statements.

While forward-looking statements reflect our good-faith beliefs, they are not guarantees of future performance. All forward-looking statements are necessarily only estimates of future results. Accordingly, actual results may differ materially from those expressed in or contemplated by the particular forward-looking statement, and, therefore, you are cautioned not to place undue reliance on such statements. Further, any forward-looking statement speaks only as of the date on which it is made, and we undertake no obligation to update any forward-looking statement to reflect events or circumstances after the date on which the statement is made or to reflect the occurrence of unanticipated events or circumstances, except as required by applicable law.

Non-GAAP Financial Measures

In addition to the results of operations presented in accordance with Generally Accepted Accounting Principles (GAAP), WesBanco's management uses, and this presentation contains or references, certain non-GAAP financial measures, such as pre-tax pre-provision income, tangible common equity/tangible assets; net income excluding after-tax restructuring and merger-related expenses and excluding after-tax day one provision for credit losses on acquired loans; efficiency ratio; return on average assets; and return on average tangible equity. WesBanco believes these financial measures provide information useful to investors in understanding our operational performance and business and performance trends which facilitate comparisons with the performance of others in the financial services industry. Although WesBanco believes that these non-GAAP financial measures enhance investors' understanding of WesBanco's business and performance, these non-GAAP financial measures should not be considered an alternative to GAAP. The non-GAAP financial measures contained therein should be read in conjunction with the audited financial statements and analysis as presented in the Annual Report on Form 10-K as well as the unaudited financial statements and analyses as presented in the Quarterly Reports on Forms 10-Q for WesBanco and its subsidiaries, as well as other filings that the company has made with the SEC.

About WesBanco, Inc.

With over 150 years as a community-focused, regional financial services partner, WesBanco Inc. (NASDAQ: WSBC) and its subsidiaries build lasting prosperity through relationships and solutions that empower our customers for success in their financial journeys. Customers across our ten-state footprint choose WesBanco for the comprehensive range and personalized delivery of our retail and commercial banking solutions, as well as trust, brokerage, wealth management and insurance services, all designed to advance their financial goals. Through the strength of our teams, we leverage large bank capabilities and local focus to help make every community we serve a better place for people and businesses to thrive. Headquartered in Wheeling, West Virginia, WesBanco has $27.8 billion in total assets, with our Trust and Investment Services holding $8.2 billion of assets under management and securities account values (including annuities) of $2.7 billion through our broker/dealer, as of June 30, 2026. Learn more at www.wesbanco.com and follow @WesBanco on Facebook, LinkedIn and Instagram.

WESBANCO, INC.
Consolidated Selected Financial Highlights														Page 5
(unaudited, dollars in thousands, except shares and per share amounts)
				For the Three Months Ended						For the Six Months Ended
Statement of Income				June 30,						June 30,
Interest and dividend income				2026		2025		% Change		2026		2025		% Change
	Loans, including fees			$         287,916		$         290,104		(0.8)		$         568,904		$         508,512		11.9
	Interest and dividends on securities:
		Taxable		32,083		31,066		3.3		63,526		53,314		19.2
		Tax-exempt		4,833		4,616		4.7		9,657		9,145		5.6
			Total interest and dividends on securities	36,916		35,682		3.5		73,183		62,459		17.2
	Other interest income			8,219		10,596		(22.4)		16,587		18,643		(11.0)
Total interest and dividend income				333,051		336,382		(1.0)		658,674		589,614		11.7
Interest expense
	Interest bearing demand deposits			30,567		30,405		0.5		59,935		59,782		0.3
	Money market deposits			33,650		36,287		(7.3)		65,804		57,422		14.6
	Savings deposits			11,029		8,670		27.2		21,147		16,029		31.9
	Certificates of deposit			20,590		21,442		(4.0)		43,181		39,999		8.0
			Total interest expense on deposits	95,836		96,804		(1.0)		190,067		173,232		9.7
	Federal Home Loan Bank borrowings			10,390		16,683		(37.7)		21,705		29,718		(27.0)
	Other short-term borrowings			565		816		(30.8)		1,163		1,938		(40.0)
	Subordinated debt and junior subordinated debt			4,098		5,310		(22.8)		8,177		9,438		(13.4)
			Total interest expense	110,889		119,613		(7.3)		221,112		214,326		3.2
Net interest income				222,162		216,769		2.5		437,562		375,288		16.6
	Provision for credit losses			9,185		3,218		185.4		8,288		72,101		(88.5)
Net interest income after provision for credit losses				212,977		213,551		(0.3)		429,274		303,187		41.6
Non-interest income
	Trust fees			9,830		9,657		1.8		20,272		18,355		10.4
	Service charges on deposits			11,546		10,484		10.1		22,507		19,070		18.0
	Digital banking income			7,410		7,325		1.2		14,008		12,730		10.0
	Net swap fee and valuation income			3,135		746		320.2		4,197		1,706		146.0
	Net securities brokerage revenue			3,670		3,348		9.6		7,142		6,049		18.1
	Bank-owned life insurance			4,317		3,450		25.1		8,127		6,878		18.2
	Mortgage banking income			1,055		2,364		(55.4)		1,974		3,504		(43.7)
	Net securities gains			1,644		1,410		16.6		1,631		1,092		49.4
	Net gains on other real estate owned and other assets			2,036		111		NM		2,583		71		NM
	Other income			8,989		5,062		77.6		13,021		9,167		42.0
			Total non-interest income	53,632		43,957		22.0		95,462		78,622		21.4
Non-interest expense
	Salaries and wages			66,402		60,153		10.4		130,366		108,730		19.9
	Employee benefits			19,148		18,857		1.5		36,759		31,827		15.5
	Net occupancy			7,863		8,119		(3.2)		16,393		15,897		3.1
	Equipment and software			15,640		17,140		(8.8)		31,317		30,190		3.7
	Marketing			2,271		1,864		21.8		3,798		4,246		(10.6)
	FDIC insurance			4,168		5,479		(23.9)		8,951		9,666		(7.4)
	Amortization of intangible assets			7,141		9,204		(22.4)		14,301		13,427		6.5
	Restructuring and merger-related expense			1,003		41,056		(97.6)		4,716		61,066		(92.3)
	Other operating expenses			25,450		24,663		3.2		49,187		45,451		8.2
			Total non-interest expense	149,086		186,535		(20.1)		295,788		320,500		(7.7)
Income before provision for income taxes				117,523		70,973		65.6		228,948		61,309		273.4
	Provision for income taxes			24,846		13,558		83.3		47,635		12,886		269.7
Net Income				92,677		57,415		61.4		181,313		48,423		274.4
Preferred stock dividends				4,240		2,531		67.5		8,481		5,063		67.5
Net income available to common shareholders				$           88,437		$           54,884		61.1		$         172,832		$           43,360		298.6
Taxable equivalent net interest income				$        223,447		$        217,996		2.5		$        440,129		$        377,719		16.5
Per common share data
Net income per common share - basic				$               0.92		$               0.57		61.4		$               1.80		$               0.50		260.0
Net income per common share - diluted				0.91		0.57		59.6		1.79		0.50		258.0
Adjusted net income per common share - diluted, excluding certain items (1) (2)				0.92		0.91		1.1		1.83		1.60		14.4
Dividends declared				0.38		0.37		2.7		0.76		0.74		2.7
Book value (period end)				40.53		38.28		5.9		40.53		38.28		5.9
Tangible book value (period end) (1)				22.98		20.48		12.2		22.98		20.48		12.2
Average common shares outstanding - basic				96,028,958		95,744,980		0.3		96,066,022		86,339,970		11.3
Average common shares outstanding - diluted				96,703,880		95,808,310		0.9		96,506,410		86,466,701		11.6
Period end common shares outstanding				95,869,209		95,986,023		(0.1)		95,869,209		95,986,023		(0.1)
Period end preferred shares outstanding				230,000		150,000		53.3		230,000		150,000		53.3
(1) See non-GAAP financial measures for additional information relating to the calculation of this item.
(2) Certain items excluded from the calculation consist of after-tax restructuring and merger-related expenses and the after-tax day one provision for credit losses on acquired loans.
NM = Not Meaningful

 

WESBANCO, INC.
Consolidated Selected Financial Highlights																	Page 6
(unaudited, dollars in thousands, unless otherwise noted)
Selected ratios
						For the Six Months Ended
						June 30,
						2026		2025		% Change
Return on average assets						1.27	%	0.36	%	252.78	%
Return on average assets, excluding certain items (1) (2)						1.29		1.14		13.16
Return on average equity						8.50		2.51		238.65
Return on average equity, excluding certain items (1) (2)						8.69		8.01		8.49
Return on average tangible equity (1)						15.40		5.38		186.25
Return on average tangible equity, excluding certain items (1) (2)						15.71		14.85		5.79
Return on average tangible common equity (1)						16.98		5.79		193.26
Return on average tangible common equity, excluding certain items (1) (2)						17.33		15.99		8.38
Yield on earning assets (3)						5.41		5.46		(0.92)
Cost of interest bearing liabilities						2.50		2.73		(8.42)
Net interest spread (3)						2.91		2.73		6.59
Net interest margin (3)						3.60		3.48		3.45
Efficiency (1) (3)						51.83		53.91		(3.86)
Average loans to average deposits						88.97		89.42		(0.50)
Annualized net loan charge-offs/average loans						0.09		0.09		-
Effective income tax rate						20.81		21.02		(1.00)
						For the Three Months Ended
						June 30,		Mar. 31,		Dec. 31,		Sept. 30,		June 30,
						2026		2026		2025		2025		2025
Return on average assets						1.29	%	1.24	%	1.13	%	1.17	%	0.81	%
Return on average assets, excluding certain items (1) (2)						1.30		1.29		1.17		1.30		1.28
Return on average equity						8.63		8.38		7.58		8.25		5.76
Return on average equity, excluding certain items (1) (2)						8.71		8.67		7.85		9.16		9.17
Return on average tangible equity (1)						15.56		15.25		13.93		15.86		11.27
Return on average tangible equity, excluding certain items (1) (2)						15.69		15.74		14.39		17.48		17.16
Return on average tangible common equity (1)						17.14		16.82		15.87		17.26		12.06
Return on average tangible common equity, excluding certain items (1) (2)						17.28		17.37		16.39		19.03		18.36
Yield on earning assets (3)						5.44		5.38		5.51		5.58		5.56
Cost of interest bearing liabilities						2.50		2.50		2.62		2.79		2.69
Net interest spread (3)						2.94		2.88		2.88		2.79		2.87
Net interest margin (3)						3.63		3.57		3.61		3.53		3.59
Efficiency (1) (3)						51.17		52.54		51.62		52.13		52.30
Average loans to average deposits						88.89		89.05		88.78		89.41		89.47
Annualized net loan charge-offs and recoveries /average loans						0.02		0.16		0.06		0.19		0.09
Effective income tax rate						21.14		20.45		20.51		19.10		19.10
Trust and Investment Services assets under management (4)						$            8,227		$            7,810		$            7,886		$            7,688		$            7,205
Broker-dealer securities account values (including annuities) (4)						$            2,704		$            2,574		$            2,481		$            2,588		$            2,554
(1)  See non-GAAP financial measures for additional information relating to the calculation of this item.
(2) Certain items excluded from the calculation can consist of after-tax restructuring and merger-related expenses and the after-tax day one provision for credit losses on acquired loans.
(3) The yield on earning assets, net interest margin, net interest spread and efficiency ratios are presented on a fully
taxable-equivalent (FTE) and annualized basis. The FTE basis adjusts for the tax benefit of income on certain tax-exempt
loans and investments.  WesBanco believes this measure to be the preferred industry measurement of net interest income and
provides a relevant comparison between taxable and non-taxable amounts.
(4) Represents market value at period end, in millions.

 

WESBANCO, INC.
Consolidated Selected Financial Highlights											Page 7
(unaudited, dollars in thousands, except shares)											% Change
Balance sheet					June 30,					December 31,	June 30, 2026
Assets					2026		2025		% Change	2025	to Dec 31, 2025
Cash and due from banks					$             226,961		$         402,755		(43.6)	$           204,860	10.8
Due from banks - interest bearing					644,813		754,275		(14.5)	751,249	(14.2)
Securities:
	Equity securities, at fair value				19,060		29,538		(35.5)	30,809	(38.1)
	Available-for-sale debt securities, at fair value				3,312,972		3,222,819		2.8	3,288,332	0.7
	Held-to-maturity debt securities (fair values of $1,005,725, $1,006,110
	and $1,035,957, respectively)				1,107,751		1,137,782		(2.6)	1,132,114	(2.2)
	Allowance for credit losses, held-to-maturity debt securities				(165)		(178)		7.3	(168)	1.8
	Net held-to-maturity debt securities				1,107,586		1,137,604		(2.6)	1,131,946	(2.2)
	Total securities				4,439,618		4,389,961		1.1	4,451,087	(0.3)
Loans held for sale					57,318		123,019		(53.4)	87,454	(34.5)
Portfolio loans:
	Commercial real estate				11,093,370		10,600,210		4.7	10,938,834	1.4
	Commercial and industrial				2,949,863		2,819,096		4.6	2,863,893	3.0
	Residential real estate				3,939,813		3,939,796		0.0	3,938,585	0.0
	Home equity				1,191,809		1,052,334		13.3	1,129,394	5.5
	Consumer				304,111		417,190		(27.1)	355,726	(14.5)
Total portfolio loans, net of unearned income					19,478,966		18,828,626		3.5	19,226,432	1.3
Allowance for credit losses - loans					(217,775)		(223,866)		2.7	(218,749)	0.4
	Net portfolio loans				19,261,191		18,604,760		3.5	19,007,683	1.3
Premises and equipment, net					248,200		274,137		(9.5)	263,240	(5.7)
Accrued interest receivable					102,342		106,410		(3.8)	106,651	(4.0)
Goodwill and other intangible assets, net					1,709,084		1,745,170		(2.1)	1,723,385	(0.8)
Bank-owned life insurance					562,297		552,051		1.9	557,512	0.9
Other assets					545,093		619,038		(11.9)	543,212	0.3
Total Assets					$        27,796,917		$    27,571,576		0.8	$      27,696,333	0.4
Liabilities
Deposits:
	Non-interest bearing demand				$          5,287,995		$      5,328,181		(0.8)	$        5,376,767	(1.7)
	Interest bearing demand				5,364,937		4,865,091		10.3	5,186,880	3.4
	Money market				5,012,414		4,825,154		3.9	5,072,039	(1.2)
	Savings deposits				3,335,823		3,192,943		4.5	3,157,782	5.6
	Certificates of deposit				2,591,047		2,943,187		(12.0)	2,875,372	(9.9)
	Total deposits				21,592,216		21,154,556		2.1	21,668,840	(0.4)
Federal Home Loan Bank borrowings					1,350,000		1,750,000		(22.9)	1,200,000	12.5
Other short-term borrowings					88,419		103,666		(14.7)	110,679	(20.1)
Subordinated debt and junior subordinated debt					308,837		357,762		(13.7)	308,529	0.1
	Total borrowings				1,747,256		2,211,428		(21.0)	1,619,208	7.9
Accrued interest payable					17,567		25,967		(32.3)	19,150	(8.3)
Other liabilities					330,193		360,405		(8.4)	357,222	(7.6)
Total Liabilities					23,687,232		23,752,356		(0.3)	23,664,420	0.1
Shareholders' Equity
Preferred stock, no par value; 1,000,000 shares authorized; 0, 150,000 and 0
	shares of 6.75% non-cumulative perpetual preferred stock, Series A, liquidation
	preference $150.0 million, issued and outstanding, respectively				-		144,484		(100.0)	-	-
Preferred stock, no par value, 1,000,000 shares authorized; 230,000, 0 and 230,000
	shares of 7.375% non-cumulative perpetual preferred stock, Series B, liquidation
	preference $230.0 million, issued and outstanding, respectively				224,187		-		100.0	224,187	-
Common stock, $2.0833 par value; 200,000,000
	shares authorized; 96,191,910, 95,986,023 and 96,067,559 shares issued;
	95,869,209, 95,986,023 and 96,067,559 shares outstanding, respectively				200,396		199,967		0.2	200,137	0.1
Capital surplus					2,498,629		2,485,458		0.5	2,490,440	0.3
Retained earnings					1,352,870		1,165,058		16.1	1,252,765	8.0
Treasury stock (322,701, 0 and 0 shares - at cost, respectively)					(10,924)		-		100.0	-	100.0
Accumulated other comprehensive loss					(153,157)		(173,644)		11.8	(133,320)	(14.9)
Deferred benefits for directors					(2,316)		(2,103)		(10.1)	(2,296)	(0.9)
Total Shareholders' Equity					4,109,685		3,819,220		7.6	4,031,913	1.9
Total Liabilities and Shareholders' Equity					$        27,796,917		$    27,571,576		0.8	$      27,696,333	0.4

 

WESBANCO, INC.
Consolidated Selected Financial Highlights									Page 8
(unaudited, dollars in thousands, except shares)
Balance sheet					June 30,		March 31,
Assets					2026		2026		% Change
Cash and due from banks					$                226,961		$           214,453		5.8
Due from banks - interest bearing					644,813		745,957		(13.6)
Securities:
	Equity securities, at fair value				19,060		30,256		(37.0)
	Available-for-sale debt securities, at fair value				3,312,972		3,298,237		0.4
	Held-to-maturity debt securities (fair values of $1,005,725
	and $1,011,303, respectively)				1,107,751		1,120,597		(1.1)
		Allowance for credit losses, held-to-maturity debt securities			(165)		(151)		(9.3)
	Net held-to-maturity debt securities				1,107,586		1,120,446		(1.1)
		Total securities			4,439,618		4,448,939		(0.2)
Loans held for sale					57,318		59,281		(3.3)
Portfolio loans:
	Commercial real estate				11,093,370		10,902,275		1.8
	Commercial and industrial				2,949,863		2,785,440		5.9
	Residential real estate				3,939,813		3,920,209		0.5
	Home equity				1,191,809		1,149,878		3.6
	Consumer				304,111		324,879		(6.4)
Total portfolio loans, net of unearned income					19,478,966		19,082,681		2.1
Allowance for credit losses - loans					(217,775)		(210,023)		(3.7)
		Net portfolio loans			19,261,191		18,872,658		2.1
Premises and equipment, net					248,200		251,325		(1.2)
Accrued interest receivable					102,342		105,288		(2.8)
Goodwill and other intangible assets, net					1,709,084		1,716,225		(0.4)
Bank-owned life insurance					562,297		560,773		0.3
Other assets					545,093		507,556		7.4
Total Assets					$           27,796,917		$      27,482,455		1.1
Liabilities
Deposits:
	Non-interest bearing demand				$             5,287,995		$        5,223,034		1.2
	Interest bearing demand				5,364,937		5,505,382		(2.6)
	Money market				5,012,414		4,904,510		2.2
	Savings deposits				3,335,823		3,306,044		0.9
	Certificates of deposit				2,591,047		2,729,304		(5.1)
		Total deposits			21,592,216		21,668,274		(0.4)
Federal Home Loan Bank borrowings					1,350,000		975,000		38.5
Other short-term borrowings					88,419		114,068		(22.5)
Subordinated debt and junior subordinated debt					308,837		308,683		0.0
		Total borrowings			1,747,256		1,397,751		25.0
Accrued interest payable					17,567		19,917		(11.8)
Other liabilities					330,193		325,905		1.3
Total Liabilities					23,687,232		23,411,847		1.2
Shareholders' Equity
Preferred stock, no par value, 1,000,000 shares authorized; 230,000,
	shares of 7.375% non-cumulative perpetual preferred stock, Series B, liquidation
	preference $230.0 million, issued and outstanding, respectively				224,187		224,187		-
Common stock, $2.0833 par value; 200,000,000 shares authorized;
	96,191,910 and 96,134,158 shares issued; 95,869,209 and 96,134,158
	shares outstanding, respectively				200,396		200,276		0.1
Capital surplus					2,498,629		2,495,091		0.1
Retained earnings					1,352,870		1,300,628		4.0
Treasury stock (322,701 and 0 shares - at cost, respectively)					(10,924)		-		100.0
Accumulated other comprehensive loss					(153,157)		(147,195)		(4.1)
Deferred benefits for directors					(2,316)		(2,379)		2.6
Total Shareholders' Equity					4,109,685		4,070,608		1.0
Total Liabilities and Shareholders' Equity					$           27,796,917		$      27,482,455		1.1

 

WESBANCO, INC.
Consolidated Selected Financial Highlights																				Page 9
(unaudited, dollars in thousands)
Average balance sheet and
net interest margin analysis							For the Three Months Ended June 30,							For the Six Months Ended June 30,
							2026				2025			2026				2025
							Average	Average			Average	Average		Average	Average			Average	Average
Assets							Balance	Rate			Balance	Rate		Balance	Rate			Balance	Rate
Due from banks - interest bearing							$           716,620	3.89	%		$          746,583	4.79	%	$        731,085	3.90	%		$        675,962	4.76	%
Loans, net of unearned income (1)							19,240,187	6.00			18,903,459	6.16		19,214,689	5.97			16,823,658	6.10
Securities: (2)
Taxable							3,921,258	3.28			3,881,680	3.21		3,912,760	3.27			3,567,118	3.01
Tax-exempt (3)							733,614	3.34			731,866	3.20		736,525	3.35			732,482	3.19
Total securities							4,654,872	3.29			4,613,546	3.21		4,649,285	3.29			4,299,600	3.04
Other earning assets							57,148	8.86			87,138	7.75		59,697	8.26			74,336	7.31
Total earning assets (3)							24,668,827	5.44	%		24,350,726	5.56	%	24,654,756	5.41	%		21,873,556	5.46	%
Other assets							2,845,563				2,953,974			2,867,704				2,586,357
Total Assets							$      27,514,390				$     27,304,700			$   27,522,460				$   24,459,913
Liabilities and Shareholders' Equity
Interest bearing demand deposits							$        5,432,483	2.26	%		$       4,885,687	2.50	%	$     5,380,121	2.25	%		$     4,531,324	2.66	%
Money market accounts							4,936,974	2.73			4,830,592	3.01		4,919,115	2.70			4,025,925	2.88
Savings deposits							3,318,841	1.33			3,122,815	1.11		3,278,372	1.30			2,865,410	1.13
Certificates of deposit							2,662,394	3.10			2,960,970	2.90		2,744,568	3.17			2,575,458	3.13
Total interest bearing deposits							16,350,692	2.35			15,800,064	2.46		16,322,176	2.35			13,998,117	2.50
Federal Home Loan Bank borrowings							1,040,934	4.00			1,585,821	4.22		1,097,790	3.99			1,378,552	4.35
Repurchase agreements							101,809	2.23			118,988	2.75		104,581	2.24			140,829	2.78
Subordinated debt and junior subordinated debt							308,740	5.32			357,379	5.96		308,663	5.34			331,488	5.74
Total interest bearing liabilities (4)							17,802,175	2.50	%		17,862,252	2.69	%	17,833,210	2.50	%		15,848,986	2.73	%
Non-interest bearing demand deposits							5,294,900				5,328,576			5,275,299				4,816,070
Other liabilities							306,434				294,359			315,135				308,189
Shareholders' equity							4,110,881				3,819,513			4,098,816				3,486,668
Total Liabilities and Shareholders' Equity							$      27,514,390				$     27,304,700			$   27,522,460				$   24,459,913
Taxable equivalent net interest spread								2.94	%			2.87	%		2.91	%			2.73	%
Taxable equivalent net interest margin								3.63	%			3.59	%		3.60	%			3.48	%
(1) Gross of allowance for credit losses, net of unearned income and includes non-accrual loans and loans held for sale.  Loan fees included in interest income on loans were $2.1 million and $2.5 million for the three months ended June 30, 2026 and 2025, respectively, and were $3.9 million and $4.1 million for the six months ended June 30, 2026 and 2025, respectively.  Additionally, loan accretion included in interest income on loans acquired from prior acquisitions was $14.7 million and $16.5 million for the three months ended June 30, 2026 and 2025, respectively, and was $28.0 million and $23.3 million for the six months ended June 30, 2026 and 2025, respectively.
(2) Average yields on available-for-sale securities are calculated based on amortized cost.
(3) Taxable equivalent basis is calculated on tax-exempt securities using a rate of 21% for each period presented.
(4) Accretion on interest bearing liabilities acquired from prior acquisitions was $0.1 million and $5.6 million for the three months ended June 30, 2026 and 2025, respectively, and was $0.4 million and $7.8 million for the six months ended June 30, 2026 and 2025, respectively.

 

WESBANCO, INC.
Consolidated Selected Financial Highlights												Page 10
(unaudited, dollars in thousands, except shares and per share amounts)
				Quarter Ended
Statement of Income				June 30,		March 31,		Dec. 31,		Sept. 30,		June 30,
Interest and dividend income				2026		2026		2025		2025		2025
	Loans, including fees			$         287,916		$         280,989		$         293,208		$         295,482		$         290,104
	Interest and dividends on securities:
		Taxable		32,083		31,443		31,546		31,483		31,066
		Tax-exempt		4,833		4,824		4,865		4,692		4,616
			Total interest and dividends on securities	36,916		36,267		36,411		36,175		35,682
	Other interest income			8,219		8,368		9,821		11,229		10,596
Total interest and dividend income				333,051		325,624		339,440		342,886		336,382
Interest expense
	Interest bearing demand deposits			30,567		29,368		29,821		31,351		30,405
	Money market deposits			33,650		32,151		36,166		38,249		36,287
	Savings deposits			11,029		10,119		9,570		9,577		8,670
	Certificates of deposit			20,590		22,591		24,235		23,554		21,442
			Total interest expense on deposits	95,836		94,229		99,792		102,731		96,804
	Federal Home Loan Bank borrowings			10,390		11,316		11,378		17,337		16,683
	Other short-term borrowings			565		598		730		766		816
	Subordinated debt and junior subordinated debt			4,098		4,080		5,243		5,336		5,310
			Total interest expense	110,889		110,223		117,143		126,170		119,613
Net interest income				222,162		215,401		222,297		216,716		216,769
	Provision for credit losses			9,185		(897)		3,059		2,082		3,218
Net interest income after provision for credit losses				212,977		216,298		219,238		214,634		213,551
Non-interest income
	Trust fees			9,830		10,442		9,745		8,987		9,657
	Service charges on deposits			11,546		10,961		11,159		11,163		10,484
	Digital banking income			7,410		6,599		6,422		7,324		7,325
	Net swap fee and valuation income			3,135		1,062		3,959		3,231		746
	Net securities brokerage revenue			3,670		3,472		2,836		2,961		3,348
	Bank-owned life insurance			4,317		3,811		4,458		3,765		3,450
	Mortgage banking income			1,055		919		791		1,898		2,364
	Net securities gains / (losses)			1,644		(13)		1,077		1,210		1,410
	Net gains / (losses) on other real estate owned and other assets			2,036		546		(824)		329		111
	Other income			8,989		4,032		3,647		3,996		5,062
			Total non-interest income	53,632		41,831		43,270		44,864		43,957
Non-interest expense
	Salaries and wages			66,402		63,964		61,664		60,583		60,153
	Employee benefits			19,148		17,611		17,148		18,040		18,857
	Net occupancy			7,863		8,529		8,522		8,819		8,119
	Equipment and software			15,640		15,678		16,110		16,310		17,140
	Marketing			2,271		1,526		2,636		2,979		1,864
	FDIC insurance			4,168		4,784		5,411		5,820		5,479
	Amortization of intangible assets			7,141		7,160		7,217		8,425		9,204
	Restructuring and merger-related expense			1,003		3,713		3,483		11,383		41,056
	Other operating expenses			25,450		23,740		25,697		23,829		24,663
			Total non-interest expense	149,086		146,705		147,888		156,188		186,535
Income before provision for income taxes				117,523		111,424		114,620		103,310		70,973
	Provision for income taxes			24,846		22,789		23,510		19,737		13,558
Net Income				92,677		88,635		91,110		83,573		57,415
Preferred stock dividends				4,240		4,240		12,948		2,531		2,531
Net income available to common shareholders				$           88,437		$           84,395		$           78,162		$           81,042		$           54,884
Taxable equivalent net interest income				$        223,447		$        216,683		$        223,590		$        217,963		$        217,996
Per common share data
Net income per common share - basic				$               0.92		$               0.88		$               0.81		$               0.84		$               0.57
Net income per common share - diluted				0.91		0.88		0.81		0.84		0.57
Adjusted net income per common share - diluted, excluding certain items (1) (2)				0.92		0.91		0.84		0.94		0.91
Dividends declared				0.38		0.38		0.38		0.37		0.37
Book value (period end)				40.53		40.01		39.64		39.02		38.28
Tangible book value (period end) (1)				22.98		22.45		22.01		21.29		20.48
Average common shares outstanding - basic				96,028,958		96,103,497		96,053,336		95,995,174		95,744,980
Average common shares outstanding - diluted				96,703,880		96,309,352		96,226,845		96,116,617		95,808,310
Period end common shares outstanding				95,869,209		96,134,158		96,067,559		96,044,222		95,986,023
Period end preferred shares outstanding				230,000		230,000		230,000		380,000		150,000
Full time equivalent employees				2,996		2,973		3,030		3,064		3,253
(1) See non-GAAP financial measures for additional information relating to the calculation of this item.
(2) Certain items excluded from the calculation consist of after-tax restructuring and merger-related expenses and the after-tax day one provision for credit losses on acquired loans.

 

WESBANCO, INC.
Consolidated Selected Financial Highlights													Page 11
(unaudited, dollars in thousands)
				Quarter Ended
				June 30,		March 31,		Dec. 31,		Sept. 30,		June 30,
Asset quality data				2026		2026		2025		2025		2025
Non-performing assets:
	Total non-performing loans			$     146,058		$     145,008		$       91,584		$       94,463		$       84,319
	Other real estate and repossessed assets			1,391		1,323		907		997		958
		Total non-performing assets		$     147,449		$     146,331		$       92,491		$       95,460		$       85,277
Past due loans (1):
	Loans past due 30-89 days			$       67,388		$       89,877		$       91,199		$       80,333		$       65,401
	Loans past due 90 days or more			21,783		16,210		37,783		19,430		20,890
		Total past due loans		$       89,171		$     106,087		$     128,982		$       99,763		$       86,291
Loans past due 30-89 days / total portfolio loans				0.35	%	0.47	%	0.47	%	0.42	%	0.35	%
Loans past due 90 days or more / total portfolio loans				0.11		0.08		0.20		0.10		0.11
Non-performing loans / total portfolio loans				0.75		0.76		0.48		0.50		0.45
Non-performing assets / total portfolio loans, other
	real estate and repossessed assets			0.76		0.77		0.48		0.50		0.45
Non-performing assets / total assets				0.53		0.53		0.33		0.35		0.31
Allowance for credit losses
Allowance for credit losses - loans				$     217,775		$     210,023		$     218,749		$     217,666		$     223,866
Allowance for credit losses - loan commitments				7,740		7,212		6,950		7,628		6,168
Provision for credit losses				9,185		(897)		3,059		2,082		3,218
Net loan and deposit account overdraft charge-offs and recoveries				892		7,584		2,666		8,867		4,329
Annualized net loan charge-offs and recoveries / average loans				0.02	%	0.16	%	0.06	%	0.19	%	0.09	%
Allowance for credit losses - loans / total portfolio loans				1.12	%	1.10	%	1.14	%	1.15	%	1.19	%
Allowance for credit losses - loans / non-performing loans				1.49	x	1.45	x	2.39	x	2.30	x	2.65	x
Allowance for credit losses - loans / non-performing loans and
	loans past due			0.93	x	0.84	x	0.99	x	1.12	x	1.31	x
				June 30,		Mar. 31,		Dec. 31,		Sept. 30,		June 30,
				2026		2026		2025		2025		2025
Capital ratios
Tier I leverage capital				9.83	%	9.63	%	9.42	%	9.72	%	8.66	%
Tier I risk-based capital				11.72		11.72		11.42		11.83		10.59
Total risk-based capital				14.18		14.19		13.92		14.58		13.40
Common equity tier 1 capital ratio (CET 1)				10.70		10.67		10.37		10.10		9.90
Average shareholders' equity to average assets				14.94		14.84		14.88		14.22		13.99
Tangible equity to tangible assets (2)				9.29		9.24		8.99		9.35		8.16
Tangible common equity to tangible assets (2)				8.44		8.37		8.13		7.92		7.60
(1) Excludes non-performing loans.
(2) See non-GAAP financial measures for additional information relating to the calculation of this ratio.

 

WESBANCO, INC.
Non-GAAP Financial Measures															Page 12
The following non-GAAP financial measures used by WesBanco provide information useful to investors in understanding WesBanco's operating performance and trends, and facilitate comparisons with the performance of WesBanco's peers. The following tables summarize the non-GAAP financial measures derived from amounts reported in WesBanco's financial statements.
				Three Months Ended										Year to Date
				June 30,		Mar. 31,		Dec. 31,		Sept. 30,		June 30,		June 30,
(unaudited, dollars in thousands, except shares and per share amounts)				2026		2026		2025		2025		2025		2026	2025
Return on average assets, excluding certain items:
	Net income available to common shareholders			$           88,437		$          84,395		$          78,162		$          81,042		$         54,884		$           172,832	$          43,360
	Add: after-tax restructuring and merger-related expenses (1)			792		2,933		2,752		8,993		32,434		3,726	48,242
	Add: after-tax day one provision for credit losses on acquired loans (1)			-		-		-		-		-		-	46,926
	Net income available to common shareholders, excluding certain items			89,229		87,328		80,914		90,035		87,318		176,558	138,528
	Average total assets			$    27,514,390		$   27,530,620		$   27,481,963		$   27,419,726		$  27,304,700		$      27,522,460	$   24,459,913
Return on average assets, excluding certain items (annualized) (2)				1.30 %		1.29 %		1.17 %		1.30 %		1.28 %		1.29 %	1.14 %
Return on average equity, excluding certain items:
	Net income available to common shareholders			$           88,437		$          84,395		$          78,162		$          81,042		$         54,884		$           172,832	$          43,360
	Add: after-tax restructuring and merger-related expenses (1)			792		2,933		2,752		8,993		32,434		3,726	48,242
	Add: after-tax day one provision for credit losses on acquired loans (1)			-		-		-		-		-		-	46,926
	Net income available to common shareholders excluding certain items			89,229		87,328		80,914		90,035		87,318		176,558	138,528
	Average total shareholders' equity			$      4,110,881		$     4,086,617		$     4,088,456		$     3,898,142		$    3,819,513		$        4,098,816	$     3,486,668
Return on average equity, excluding certain items (annualized) (2)				8.71 %		8.67 %		7.85 %		9.16 %		9.17 %		8.69 %	8.01 %
Return on average tangible equity:
	Net income available to common shareholders			$           88,437		$          84,395		$          78,162		$          81,042		$         54,884		$           172,832	$          43,360
	Add: amortization of intangibles (1)			5,641		5,656		5,701		6,656		7,271		11,298	10,607
	Net income available to common shareholders before amortization of intangibles			94,078		90,051		83,863		87,698		62,155		184,130	53,967
	Average total shareholders' equity			4,110,881		4,086,617		4,088,456		3,898,142		3,819,513		4,098,816	3,486,668
	Less: average goodwill and other intangibles, net of def. tax liability			(1,685,204)		(1,691,156)		(1,700,188)		(1,704,105)		(1,608,358)		(1,688,164)	(1,461,946)
	Average tangible equity			$      2,425,677		$     2,395,461		$     2,388,268		$     2,194,037		$    2,211,155		$        2,410,652	$     2,024,722
Return on average tangible equity (annualized) (2)				15.56 %		15.25 %		13.93 %		15.86 %		11.27 %		15.40 %	5.38 %
	Average tangible common equity			$      2,201,490		$     2,171,274		$     2,096,528		$     2,015,329		$    2,066,671		$        2,186,465	$     1,880,238
Return on average tangible common equity (annualized) (2)				17.14 %		16.82 %		15.87 %		17.26 %		12.06 %		16.98 %	5.79 %
Return on average tangible equity, excluding certain items:
	Net income available to common shareholders			$           88,437		$          84,395		$          78,162		$          81,042		$         54,884		$           172,832	$          43,360
	Add: after-tax restructuring and merger-related expenses (1)			792		2,933		2,752		8,993		32,434		3,726	48,242
	Add: amortization of intangibles (1)			5,641		5,656		5,701		6,656		7,271		11,298	10,607
	Add: after-tax day one provision for credit losses on acquired loans (1)			-		-		-		-		-		-	46,926
	Net income available to common shareholders before amortization of intangibles
	and excluding certain items			94,870		92,984		86,615		96,691		94,589		187,856	149,135
	Average total shareholders' equity			4,110,881		4,086,617		4,088,456		3,898,142		3,819,513		4,098,816	3,486,668
	Less: average goodwill and other intangibles, net of def. tax liability			(1,685,204)		(1,691,156)		(1,700,188)		(1,704,105)		(1,608,358)		(1,688,164)	(1,461,946)
	Average tangible equity			$      2,425,677		$     2,395,461		$     2,388,268		$     2,194,037		$    2,211,155		$        2,410,652	$     2,024,722
Return on average tangible equity, excluding certain items (annualized) (2)				15.69 %		15.74 %		14.39 %		17.48 %		17.16 %		15.71 %	14.85 %
	Average tangible common equity			$      2,201,490		$     2,171,274		$     2,096,528		$     2,015,329		$    2,066,671		$        2,186,465	$     1,880,238
Return on average tangible common equity, excluding certain items (annualized) (2)				17.28 %		17.37 %		16.39 %		19.03 %		18.36 %		17.33 %	15.99 %
Efficiency ratio:
	Non-interest expense			$         149,086		$        146,705		$        147,888		$        156,188		$       186,535		$           295,788	$        320,500
	Less: amortization of intangibles			(7,141)		(7,160)		(7,217)		(8,245)		(9,204)		(14,301)	(13,427)
	Less: restructuring and merger-related expense			(1,003)		(3,713)		(3,483)		(11,383)		(41,056)		(4,716)	(61,066)
	Non-interest expense excluding restructuring and merger-related expense			140,942		135,832		137,188		136,380		136,275		276,771	246,007
	Net interest income on a fully taxable equivalent basis			223,447		216,683		223,590		217,963		217,996		440,129	377,719
	Non-interest income, excluding net securities gains			51,988		41,844		42,193		43,654		42,547		93,831	78,622
	Net interest income on a fully taxable equivalent basis plus non-interest income			$         275,435		$        258,527		$        265,783		$        261,617		$       260,543		$           533,960	$        456,341
	Efficiency ratio			51.17 %		52.54 %		51.62 %		52.13 %		52.30 %		51.83 %	53.91 %
Adjusted net income available to common shareholders, excluding certain items:
	Net income available to common shareholders			$           88,437		$          84,395		$          78,162		$          81,042		$         54,884		$           172,832	$          43,360
	Add: after-tax restructuring and merger-related expenses (1)			792		2,933		2,752		8,993		32,434		3,726	48,242
	Add: after-tax day one provision for credit losses on acquired loans (1)			-		-		-		-		-		-	46,926
Adjusted net income available to common shareholders, excluding certain items:				$           89,229		$          87,328		$          80,914		$          90,035		$         87,318		$           176,558	$        138,528
Adjusted net income per common share - diluted, excluding certain items:
	Net income per common share - diluted			$               0.91		$              0.88		$              0.81		$              0.84		$             0.57		$                 1.79	$              0.50
	Add: after-tax restructuring and merger-related expenses per common share - diluted (1)			0.01		0.03		0.03		0.10		0.34		0.04	0.56
	Add: after-tax day one provision for credit losses on acquired loans (1)			-		-		-		-		-		-	0.54
Adjusted net income per common share - diluted, excluding certain items:				$               0.92		$              0.91		$              0.84		$              0.94		$             0.91		$                 1.83	$              1.60
				Period End
				June 30,		March 31,		Dec. 31,		Sept. 30,		June 30,
				2026		2026		2025		2025		2025
Tangible book value per share:
	Total shareholders' equity			$      4,109,685		$     4,070,608		$     4,031,913		$     4,116,527		$    3,819,220
	Less:  goodwill and other intangible assets, net of def. tax liability			(1,682,457)		(1,688,098)		(1,693,755)		(1,702,916)		(1,709,001)
	Less: preferred shareholder's equity			(224,187)		(224,187)		(224,187)		(368,867)		(144,484)
	Tangible common equity			2,203,041		2,158,323		2,113,971		2,044,744		1,965,735
	Common shares outstanding			95,869,209		96,134,158		96,067,559		96,044,222		95,986,023
Tangible book value per share				$             22.98		$            22.45		$            22.01		$            21.29		$           20.48
Tangible common equity to tangible assets:
	Total shareholders' equity			$      4,109,685		$     4,070,608		$     4,031,913		$     4,116,527		$    3,819,220
	Less:  goodwill and other intangible assets, net of def. tax liability			(1,682,457)		(1,688,098)		(1,693,755)		(1,702,916)		(1,709,001)
	Tangible equity			2,427,228		2,382,510		2,338,158		2,413,611		2,110,219
	Less: preferred shareholder's equity			(224,187)		(224,187)		(224,187)		(368,867)		(144,484)
	Tangible common equity			2,203,041		2,158,323		2,113,971		2,044,744		1,965,735
	Total assets			27,796,917		27,482,455		27,696,333		27,518,042		27,571,576
	Less:  goodwill and other intangible assets, net of def. tax liability			(1,682,457)		(1,688,098)		(1,693,755)		(1,702,916)		(1,709,001)
	Tangible assets			$    26,114,460		$   25,794,357		$   26,002,578		$   25,815,126		$  25,862,575
Tangible equity to tangible assets				9.29 %		9.24 %		8.99 %		9.35 %		8.16 %
Tangible common equity to tangible assets				8.44 %		8.37 %		8.13 %		7.92 %		7.60 %
(1) Tax effected at 21% for all periods presented.
(2) The ratios are annualized by utilizing actual numbers of days in the quarter versus the year.

 

WESBANCO, INC.
Additional Non-GAAP Financial Measures															Page 13
The following non-GAAP financial measures used by WesBanco provide information useful to investors in understanding WesBanco's operating performance and trends, and facilitate comparisons with the performance of WesBanco's peers. The following tables summarize the non-GAAP financial measures derived from amounts reported in WesBanco's financial statements.
				Three Months Ended										Year to Date
				June 30,		Mar. 31,		Dec. 31,		Sept. 30,		June 30,		June 30,
(unaudited, dollars in thousands, except shares and per share amounts)				2026		2026		2025		2025		2025		2026	2025
Pre-tax, pre-provision income:
	Income before provision for income taxes			$        117,523		$        111,424		$        114,620		$        103,310		$          70,973		$        228,948	$          61,309
	Add: provision for credit losses			9,185		(897)		3,059		2,082		3,218		8,288	72,101
Pre-tax, pre-provision income				$        126,708		$        110,527		$        117,679		$        105,392		$          74,191		$        237,236	$        133,410
Pre-tax, pre-provision income, excluding restructuring and merger-related expenses:
	Income before provision for income taxes			$        117,523		$        111,424		$        114,620		$        103,310		$          70,973		$        228,948	$          61,309
	Add: provision for credit losses			9,185		(897)		3,059		2,082		3,218		8,288	72,101
	Add: restructuring and merger-related expenses			1,003		3,713		3,483		11,383		41,056		4,716	61,066
Pre-tax, pre-provision income, excluding restructuring and merger-related expenses				$        127,711		$        114,240		$        121,162		$        116,775		$        115,247		$        241,952	$        194,476
Pre-tax, pre-provision return on average assets, excluding restructuring and merger-related expenses:
	Income before provision for income taxes			$        117,523		$        111,424		$        114,620		$        103,310		$          70,973		$        228,948	$          61,309
	Add: provision for credit losses			9,185		(897)		3,059		2,082		3,218		8,288	72,101
	Add: restructuring and merger-related expenses			1,003		3,713		3,483	#	11,383		41,056		4,716	61,066
Pre-tax, pre-provision income, excluding restructuring and merger-related expenses				127,711		114,240		121,162	#	116,775		115,247		241,952	194,476
	Average total assets			$   27,514,390		$   27,530,620		$   27,481,963		$   27,419,726		$   27,304,700		$   27,522,460	$   24,459,913
Pre-tax, pre-provision return on average assets, excluding restructuring and merger-related expenses (annualized) (2)				1.86 %		1.68 %		1.75 %		1.69 %		1.69 %		1.77 %	1.60 %
Pre-tax, pre-provision return on average equity, excluding restructuring and merger-related expenses:
	Income before provision for income taxes			$        117,523		$        111,424		$        114,620		$        103,310		$          70,973		$        228,948	$          61,309
	Add: provision for credit losses			9,185		(897)		3,059		2,082		3,218		8,288	72,101
	Add: restructuring and merger-related expenses			1,003		3,713		3,483	#	11,383		41,056		4,716	61,066
Pre-tax, pre-provision income, excluding restructuring and merger-related expenses				127,711		114,240		121,162	#	116,775		115,247		241,952	194,476
	Average total shareholders' equity			$     4,110,881		$     4,086,617		$     4,088,456		$     3,898,142		$     3,819,513		$     4,098,816	$     3,486,668
Pre-tax, pre-provision return on average equity, excluding restructuring and merger-related expenses (annualized) (2)				12.46 %		11.34 %		11.76 %		11.88 %		12.10 %		11.90 %	11.25 %
Pre-tax, pre-provision return on average tangible equity, excluding certain items (1):
	Income before provision for income taxes			$        117,523		$        111,424		$        114,620		$        103,310		$          70,973		$        228,948	$          61,309
	Add: provision for credit losses			9,185		(897)		3,059		2,082		3,218		8,288	72,101
	Add: amortization of intangibles			7,141		7,160		7,217		8,425		9,204		14,301	13,427
	Add: restructuring and merger-related expenses			1,003		3,713		3,483	#	11,383		41,056		4,716	61,066
Pre-tax, pre-provision income before restructuring and merger-related expenses and amortization of intangibles				134,852		121,400		128,379	#	125,200		124,451		256,253	207,903
	Average total shareholders' equity			4,110,881		4,086,617		4,088,456		3,898,142		3,819,513		4,098,816	3,486,668
	Less: average goodwill and other intangibles, net of def. tax liability			(1,685,204)		(1,691,156)		(1,700,188)		(1,704,105)		(1,608,358)		(1,688,164)	(1,461,946)
	Average tangible equity			$     2,425,677		$     2,395,461		$     2,388,268		$     2,194,037		$     2,211,155		$     2,410,652	$     2,024,722
Pre-tax, pre-provision return on average tangible equity, excluding certain items (annualized) (1) (2)				22.30 %		20.55 %		21.33 %		22.64 %		22.58 %		21.44 %	20.71 %
	Average tangible common equity			$     2,201,490		$     2,171,274		$     2,096,528		$     2,015,329		$     2,066,671		$     2,186,465	$     1,880,238
Pre-tax, pre-provision return on average tangible common equity, excluding certain items (annualized) (1) (2)				24.57 %		22.68 %		24.29 %		24.65 %		24.15 %		23.63 %	22.30 %
(1) Certain items excluded from the calculations consist of credit provisions, tax provisions and restructuring and merger-related expenses.
(2) The ratios are annualized by utilizing actual numbers of days in the quarter versus the year.

 

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SOURCE WesBanco, Inc.

FAQ

How did WesBanco (WSBC) perform financially in the second quarter of 2026?

WesBanco reported Q2 2026 net income available to common shareholders of $88.4 million, or $0.91 diluted EPS. According to WesBanco, this compares with $54.9 million and $0.57 per diluted share in the second quarter of 2025, reflecting strong year-over-year earnings growth.

What were WesBanco’s adjusted earnings per share for Q2 2026 and year-to-date 2026?

WesBanco’s adjusted diluted EPS was $0.92 for Q2 2026 and $1.83 for the first six months. According to WesBanco, these compare with $0.91 and $1.60, respectively, in the prior-year periods after excluding restructuring, merger, and certain credit loss items.

How did WesBanco’s loans and commercial pipeline change in Q2 2026?

WesBanco generated 8.3% annualized loan growth sequentially and 3.5% year-over-year in Q2 2026. According to WesBanco, the commercial loan pipeline reached a record $2.3 billion at June 30, 2026, despite approximately $345 million of commercial real estate payoffs during the quarter.

What was WesBanco’s net interest margin and net interest income in Q2 2026?

Net interest margin was 3.63% in Q2 2026, up 4 basis points year-over-year and 6 basis points sequentially. According to WesBanco, net interest income increased 2.5% year-over-year to $222.2 million, driven by lower funding costs, higher securities yields, and higher loan balances.

How strong were WesBanco’s capital ratios and share repurchases in Q2 2026?

At June 30, 2026, WesBanco reported a Tier 1 leverage ratio of 9.83% and CET1 ratio of 10.70%, above well-capitalized levels. According to WesBanco, it repurchased 0.3 million shares during Q2 for $9.7 million, with about 4.5 million shares remaining authorized.

What credit quality metrics did WesBanco report for Q2 2026?

WesBanco’s credit quality remained stable, with net charge-offs at 0.02% of total average loans in Q2 2026. According to WesBanco, the allowance for credit losses was 1.12% of total portfolio loans, or $217.8 million, excluding a 1.41% unaccreted discount on purchased loans.

What dividend did WesBanco (WSBC) declare in the second quarter of 2026?

For Q2 2026, WesBanco reported dividends declared of $0.38 per common share. According to WesBanco, this compares with $0.37 per share in the prior-year quarter, while dividends declared for the first six months of 2026 totaled $0.76 per share versus $0.74 a year earlier.