WesBanco (NASDAQ: WSBC) posts Q1 2026 EPS growth with stronger margins and solid credit

Rhea-AI Filing Summary

WesBanco, Inc. reported a sharp turnaround for the quarter ended March 31, 2026, with net income available to common shareholders of $84.4 million and diluted EPS of $0.88, versus a loss of $11.5 million and $(0.15) per share a year earlier.

Excluding after-tax restructuring and merger costs, diluted EPS was $0.91, up from $0.66. Net interest income rose 35.9% to $215.4 million and net interest margin improved 22 basis points year-over-year to 3.57%, helped by lower funding costs and higher earning asset yields.

Total loans reached $19.1 billion, up 2.2% year-over-year despite elevated CRE payoffs, while deposits grew 1.8% to $21.7 billion. Credit metrics remained solid, with net charge-offs at 0.16% of loans and an allowance equal to 1.10% of total portfolio loans. The CET1 capital ratio stood at 10.67% and the efficiency ratio improved to 52.54%.

Positive

• Strong earnings rebound and EPS growth: Net income available to common shareholders reached $84.4 million with diluted EPS of $0.88, versus a prior-year loss, and adjusted diluted EPS rose to $0.91, up 37.9% year-over-year.
• Margin expansion and revenue growth: Net interest margin improved 22 basis points year-over-year to 3.57%, while net interest income increased 35.9% to $215.4 million, supported by lower funding costs and higher asset yields.
• Healthy credit and capital profile: Annualized net charge-offs were only 0.16% of average loans, the allowance for credit losses equaled 1.10% of loans, and the CET1 ratio was a solid 10.67% with an efficiency ratio of 52.54%.

Negative

• None.

Insights

Banking sector equity analyst

WesBanco posted a strong earnings rebound with improved margins, solid credit quality, and robust capital.

WesBanco delivered net income available to common shareholders of $84.4 million and diluted EPS of $0.88, reversing a prior-year loss. Adjusted diluted EPS of $0.91 rose 37.9% year-over-year, reflecting the full contribution from the Premier Financial acquisition and organic growth.

Net interest income increased 35.9% to $215.4 million as net interest margin expanded to 3.57%, up 22 basis points year-over-year. Loan growth of 2.2% to $19.1 billion and a record $1.6 billion commercial pipeline support the revenue base, even as CRE payoffs of $340 million tempered reported balances.

Asset quality remains favorable: annualized net charge-offs were just 0.16% of average loans, criticized and classified loans were 2.91% of total loans, and the allowance stood at 1.10% of loans, plus an unaccreted acquisition discount of 1.51%. Capital is robust with a CET1 ratio of 10.67% and tangible common equity to tangible assets of 8.37%, while the efficiency ratio improved to 52.54% aided by PFC cost synergies and planned closure of 10 financial centers.

8-K Event Classification

2 items: 2.02, 9.01

2 items

Item 2.02 Results of Operations and Financial Condition Financial

Disclosure of earnings results, typically an earnings press release or preliminary financials.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, and exhibit attachments filed with this report.

Key Figures

Net income to common: $84.4 million Diluted EPS (GAAP): $0.88 per share Adjusted diluted EPS: $0.91 per share +5 more

8 metrics

Net income to common $84.4 million Quarter ended March 31, 2026

Diluted EPS (GAAP) $0.88 per share Quarter ended March 31, 2026

Adjusted diluted EPS $0.91 per share Excludes after-tax restructuring and merger-related expenses

Net interest income $215.4 million Up 35.9% year-over-year in Q1 2026

Net interest margin 3.57% Improved 22 basis points year-over-year in Q1 2026

Total portfolio loans $19.1 billion As of March 31, 2026; up 2.2% year-over-year

Total deposits $21.7 billion As of March 31, 2026; up 1.8% year-over-year

CET1 capital ratio 10.67% Regulatory capital as of March 31, 2026

Key Terms

net interest margin, efficiency ratio, common equity Tier 1 capital ratio, allowance for credit losses, +2 more

6 terms

net interest margin financial

"Increased net interest margin 22 basis points year-over-year to 3.57%, driven by lower funding costs and higher earning asset yields"

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.

efficiency ratio financial

"Improved efficiency ratio nearly 4 percentage points year-over-year to 52.5%, primarily due to expense synergies from the PFC acquisition"

A measure of how much a company spends to produce each dollar of revenue, usually shown as operating expenses divided by revenue and expressed as a percentage. Think of it as a household’s budget: a lower percentage means more of each dollar earned stays as profit, while a higher number means costs are eating into returns. Investors use it to judge cost control and compare how efficiently companies turn revenue into earnings, especially in banks and financial firms.

common equity Tier 1 capital ratio financial

"including a 1.3% return on average assets, 10.7% CET1 ratio, and tangible book value per share of $22.45"

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.

allowance for credit losses financial

"The allowance for credit losses to total portfolio loans at March 31, 2026 was 1.10% of total loans, or $210.0 million"

Allowance for credit losses is a reserve set aside by a financial institution to cover potential losses from borrowers who may not repay their loans. It acts like a safety net, helping the institution prepare for loans that might turn sour. For investors, it signals how cautious the institution is about the quality of its loans and potential risks to its financial health.

criticized and classified loans financial

"Criticized and classified loans as a percent of total portfolio loans decreased $49 million, or 24 basis points, from the sequential quarter to 2.91%"

pre-tax, pre-provision income financial

"Pre-tax, pre-provision income, excluding restructuring and merger-related expenses"

Pre-tax, pre-provision income is a measure of a financial firm's earnings before deducting taxes and the money it sets aside to cover potential loan losses. Think of it as the company’s operating profit before accounting for future bad debts and taxes; like a shop’s sales minus running costs but before any emergency savings for damaged goods. Investors use it to see core profitability and to compare operating performance across periods or firms without the noise of loan-loss reserves and tax effects.

Earnings Snapshot

Net income available to common shareholders: $84.4 million

Q1 2026

Net income available to common shareholders $84.4 million vs. $(11.5) million prior-year

Diluted EPS (GAAP) $0.88 vs. $(0.15) prior-year

Net interest income $215.4 million +35.9% year-over-year

Net interest margin 3.57% +22 bps year-over-year

Understanding 8-K Material Events →

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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

  Date of Report (Date of earliest event reported): April 21, 2026

WESBANCO, INC.

(Exact name of Registrant as Specified in Its Charter)

West Virginia			001-39442	55-0571723
(State or Other Jurisdiction of Incorporation)			(Commission File Number)	(IRS Employer Identification No.)
1 Bank Plaza
Wheeling, West Virginia				26003
(Address of Principal Executive Offices)				(Zip Code)

Registrant’s Telephone Number, Including Area Code: 304 234-9000

Former Name or Former Address, if Changed Since Last Report: Not Applicable

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Common Stock $2.0833 Par Value		WSBC		Nasdaq Global Select Market
Depositary Shares (each representing 1/40th interest in a share of 7.375% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series B)		WSBCO		Nasdaq Global Select Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02 Results of Operations and Financial Condition.

Wesbanco, Inc. issued a press release and earnings call presentation today announcing earnings for the three months ended March 31, 2026. The press release is attached as Exhibit 99.1 and the earnings call presentation is attached as Exhibit 99.2 to this report.

Wesbanco, Inc. will host a conference call to discuss the Company's financial results for the first quarter of 2026 on Wednesday, April 22, 2026 at 9:00 a.m. ET.

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 April 22, 2026, and end at 12 a.m. ET on May 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).

The press release is attached as Exhibit 99.1 to this report.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits:

99.1 - Press release dated April 21, 2026 announcing the earnings for the three months ended March 31, 2026.

99.2 - First quarter 2026 earnings conference call presentation.

104 – Cover Page Interactive Data File (embedded within the Inline XBRL document).

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

			Wesbanco, Inc. (registrant)
Date:	April 21, 2026		/s/ Daniel K. Weiss, Jr.
			Daniel K. Weiss, Jr. Senior Executive Vice President and Chief Financial Officer

WesBanco Announces First Quarter 2026 Financial Results

Improved net interest margin 22 basis points year-over-year; advanced organic growth with expansion into South Florida

Wheeling, WVa. (April 21, 2026) – 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 March 31, 2026. Net income available to common shareholders for the first quarter of 2026 was $84.4 million, with diluted earnings per share of $0.88, compared to a loss of $11.5 million and $(0.15) per diluted share, respectively, for the first quarter of 2025. The first quarter of 2025 includes the impact of a day one provision for credit losses and other expenses related to the closing of the Premier Financial Corp. (“PFC”) acquisition on February 28, 2025.

As noted below, WesBanco reported $0.91 of earnings per diluted share, in the first quarter, as compared to $0.66 in the prior year period, when excluding after-tax restructuring and merger-related expenses and after-tax day one provision for credit losses on acquired loans (non-GAAP measures).

		For the Three Months Ended March 31,
		2026								2025
(unaudited, dollars in thousands, except per share amounts)		Net Income				Diluted Earnings Per Share				Net Income				Diluted Earnings Per Share
Net income (loss) available to common shareholders (GAAP)		$	84,395			$	0.88			$	(11,523	)		$	(0.15	)
Add: After-tax restructuring and merger-related expenses(1)			2,933				0.03				15,808				0.21
Add: After-tax day one provision for credit losses on acquired loans			-				-				46,926				0.60
Adjusted net income available to common shareholders (Non-GAAP) (1)		$	87,328			$	0.91			$	51,211			$	0.66
(1) See non-GAAP financial measures for additional information relating to the calculation of these items.

Financial and operational highlights for the quarter ended March 31, 2026:

•Achieved or exceeded year one financial targets outlined in the PFC acquisition model, including a 1.3% return on average assets, 10.7% CET1 ratio, and tangible book value per share of $22.45 (non-GAAP measures)

•Advanced organic growth model with commercial banking expansion into high-growth South Florida markets

•Increased net interest margin 22 basis points year-over-year to 3.57%, driven by lower funding costs and higher earning asset yields

•Improved efficiency ratio nearly 4 percentage points year-over-year to 52.5%, primarily due to expense synergies from the PFC acquisition and the focus on positive operating leverage

•Executed next phase of financial center optimization with planned closure of 10 financial centers in May 2026

•Built record commercial loan pipeline totaling $1.6 billion as of March 31, 2026

•Increased total deposits 1.8% year-over-year on an organic basis to $21.7 billion; flat compared to the fourth quarter

•Increased total loans 2.2% year-over-year as organic growth more than offset higher commercial real estate (“CRE”) payoffs of $340 million

oCRE payoffs impacted year-over-year loan growth by 1.4%

“Our first quarter results demonstrate sound fundamentals and the benefits of our disciplined approach to growth and expense management,” said Jeff Jackson, President and Chief Executive Officer, WesBanco. “We continued to drive organic loan and deposit growth, improved our net interest margin and efficiency ratio year-over-year, and exceeded our year one financial targets for the Premier acquisition – underscoring the strength of our operating model and our ability to deliver on strategic commitments. During the quarter, we took additional steps to position the Company for long-term success – expanding our commercial banking presence to high-growth South Florida markets and further optimizing our financial center network to align with customer behavior and drive operating efficiency. We remain focused on disciplined investment and execution to deliver consistent, sustainable value for our shareholders.”

Balance Sheet

WesBanco’s balance sheet, as of March 31, 2026, reflects organic growth and the impact of elevated CRE payoffs. Total assets increased 0.3% year-over-year to $27.5 billion, including total portfolio loans of $19.1 billion and total securities of $4.4 billion. Total portfolio loans increased 2.2% year-over-year due to organic growth of $667 million offset by higher CRE payoffs of $258 million. As anticipated, CRE payoffs continued to remain elevated and totaled approximately $340 million during the first quarter of 2026, consistent with the elevated quarterly levels incurred during the second half of 2025. The

commercial loan pipeline has grown 35% since year-end to a record $1.6 billion, as of March 31, 2026, and does not yet include the benefit of the South Florida expansion.

Deposits of $21.7 billion increased 1.8% year-over-year due to organic growth that more than offset the decline in higher cost certificates of deposit. On a sequential quarter basis, total deposits were essentially flat. Total demand deposits represented 50% of total deposits, with the non-interest bearing component representing 24%.

Credit Quality

As of March 31, 2026, credit quality measures have remained low, from a historical perspective, and favorable to all banks with assets between $20 and $50 billion for at least the last 5 quarters. Criticized and classified loans as a percent of total portfolio loans decreased $49 million, or 24 basis points, from the sequential quarter to 2.91%. Non-performing loans increased $53 million sequentially primarily due to three CRE loans across different markets and property types, none of which were office. Net charge-offs for the first quarter were 0.16% of total loans.

The allowance for credit losses to total portfolio loans at March 31, 2026 was 1.10% of total loans, or $210.0 million. The first quarter provision for credit losses was negative primarily due to lower loan balances and higher prepayment speeds. Excluded from the allowance for credit losses and the related coverage ratio is a remaining unaccreted discount on purchased loans from acquisitions representing 1.51% of total portfolio loans.

Net Interest Margin and Income

The first quarter margin of 3.57% improved 22 basis points year-over-year through a combination of lower funding costs and higher securities yields but declined 4 basis points sequentially. This decrease resulted from lower net loan growth, as well as modestly higher seasonal deposit contraction in the first two months of the quarter which fully recovered by March 31, 2026. Deposit funding costs of 235 basis points for the first quarter of 2026 decreased 20 basis points from the prior year period. When including non-interest bearing deposits, deposit funding costs for the first quarter were 177 basis points.

Net interest income for the first quarter of 2026 was $215.4 million, an increase of $56.9 million, or 35.9% year-over-year, reflecting the impact of the benefits from the PFC acquisition, loan growth, higher securities yields, and lower deposit and FHLB borrowing costs.

Non-Interest Income

For the first quarter of 2026, non-interest income of $41.8 million increased $7.2 million, or 20.7%, from the first quarter of 2025 due primarily to the acquisition of PFC on February 28 of last year. Service charges on deposits increased $2.4 million and digital banking fees increased $1.2 million year-over-year due to increased general spending and higher transaction volumes from our larger customer base, as well as organic growth from our treasury management products and services. Reflecting record asset levels, trust fees and net securities brokerage revenue increased $1.7 million and $0.8 million, respectively, due to the addition of PFC wealth clients, market value appreciation, and organic growth. Gross swap fees were $1.2 million in the first quarter, compared to $2.0 million in the prior year period, while fair value adjustments were losses of $0.1 million and $1.0 million, respectively.

Non-Interest Expense

Non-interest expense, excluding restructuring and merger-related costs, for the three months ended March 31, 2026 was $143.0 million, a $29.0 million, or 25.5%, increase year-over-year primarily due to the addition of the PFC expense base, which was only in the WesBanco expense base for one month in the prior year period, but were down as compared to the fourth quarter, reflecting expense management. Salaries and wages of $64.0 million and employee benefits expense of $17.6 million increased due to a full quarter of salaries as compared to the prior year. Amortization of intangible assets of $7.2 million increased $2.9 million year-over-year due to the core deposit intangible asset that was created from the acquisition of PFC. Equipment and software of $15.7 million, consistent with the last several quarters, increased $2.6 million due to the acquisition of PFC. Restructuring and merger-related expenses of $3.7 million are primarily related to costs associated with the 10 financial centers that are planned to close during May.

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 March 31, 2026, Tier I leverage was 9.63%, Tier I risk-based capital ratio was 11.72%, common equity Tier 1 capital ratio (“CET 1”) was 10.67%, and total risk-based capital was 14.19%. In addition, the tangible common equity to tangible assets ratio was 8.37%.

Conference Call and Webcast

WesBanco will host a conference call to discuss the Company's financial results for the first quarter of 2026 at 9:00 a.m. ET on Wednesday, April 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 April 22, 2026, and end at 12 a.m. ET on May 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”), 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.

Statements in this presentation with respect to the benefits of the merger between WesBanco and Premier, the parties’ plans, obligations, expectations, and intentions, and the statements with respect to accretion, earn back of tangible book value, tangible book value dilution and internal rate of return, constitute forward-looking statements as defined by federal securities laws. Such statements are subject to numerous assumptions, risks, and uncertainties. Actual results could differ materially from those contained or implied by such statements for a variety of factors including: changes in economic conditions; movements in interest rates; competitive pressures on product pricing and services; success and timing of other business strategies; the nature, extent, and timing of governmental actions and reforms; extended disruption of vital infrastructure; and other factors described in WesBanco’s 2025 Annual Report on Form 10-K and documents subsequently filed by WesBanco with the SEC.

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 $27.5 billion in total assets, with our Trust and Investment Services holding $7.8 billion of assets under management and securities account values (including annuities) of $2.6 billion through our broker/dealer, as of March 31, 2026. Learn more at www.wesbanco.com and follow @WesBanco on Facebook, LinkedIn and Instagram.

SOURCE: WesBanco, Inc.

WesBanco Company Contact:

John H. Iannone

Senior Vice President, Investor Relations

304-905-7021

###

WESBANCO, INC.
Consolidated Selected Financial Highlights
(unaudited, dollars in thousands, except shares and per share amounts)
			For the Three Months Ended
	STATEMENT OF INCOME		March 31,
			2026				2025				% Change
	Interest and dividend income
	Loans, including fees		$	280,989			$	218,409				28.7
	Interest and dividends on securities:
	Taxable			31,443				22,247				41.3
	Tax-exempt			4,824				4,529				6.5
	Total interest and dividends on securities			36,267				26,776				35.4
	Other interest income			8,368				8,047				4.0
	Total interest and dividend income			325,624				253,232				28.6
	Interest expense
	Interest bearing demand deposits			29,368				29,377				(0.0	)
	Money market deposits			32,151				21,134				52.1
	Savings deposits			10,119				7,359				37.5
	Certificates of deposit			22,591				18,558				21.7
	Total interest expense on deposits			94,229				76,428				23.3
	Federal Home Loan Bank borrowings			11,316				13,034				(13.2	)
	Other short-term borrowings			598				1,122				(46.7	)
	Subordinated debt and junior subordinated debt			4,080				4,129				(1.2	)
	Total interest expense			110,223				94,713				16.4
	Net interest income			215,401				158,519				35.9
	Provision for credit losses			(897	)			68,883				(101.3	)
	Net interest income after provision for credit losses			216,298				89,636				141.3
	Non-interest income
	Trust fees			10,442				8,697				20.1
	Service charges on deposits			10,961				8,587				27.6
	Digital banking income			6,599				5,404				22.1
	Net swap fee and valuation income			1,062				961				10.5
	Net securities brokerage revenue			3,472				2,701				28.5
	Bank-owned life insurance			3,811				3,428				11.2
	Mortgage banking income			919				1,140				(19.4	)
	Net securities losses			(13	)			(318	)			95.9
	Net gains / (losses) on other real estate owned and other assets			546				(40	)		NM
	Other income			4,032				4,105				(1.8	)
	Total non-interest income			41,831				34,665				20.7
	Non-interest expense
	Salaries and wages			63,964				48,577				31.7
	Employee benefits			17,611				12,970				35.8
	Net occupancy			8,529				7,778				9.7
	Equipment and software			15,678				13,050				20.1
	Marketing			1,526				2,382				(35.9	)
	FDIC insurance			4,784				4,187				14.3
	Amortization of intangible assets			7,160				4,223				69.5
	Restructuring and merger-related expense			3,713				20,010				(81.4	)
	Other operating expenses			23,740				20,789				14.2
	Total non-interest expense			146,705				133,966				9.5
	Income / (loss) before provision for income taxes			111,424				(9,665	)		NM
	Provision / (benefit) for income taxes			22,789				(673	)		NM
	Net Income / (loss)			88,635				(8,992	)		NM
	Preferred stock dividends			4,240				2,531				67.5
	Net income /(loss) available to common shareholders		$	84,395			$	(11,523	)			832.4
	Taxable equivalent net interest income		$	216,683			$	159,723				35.7
	Per common share data
	Net income /(loss) per common share - basic		$	0.88			$	(0.15	)			686.7
	Net income /(loss) per common share - diluted			0.88				(0.15	)			686.7
	Adjusted net income per common share - diluted, excluding certain items (1)(2)			0.91				0.66				37.9
	Dividends declared			0.38				0.37				2.7
	Book value (period end)			40.01				38.02				5.2
	Tangible book value (period end) (1)			22.45				20.06				11.9
	Average common shares outstanding - basic			96,103,497				76,830,460				25.1
	Average common shares outstanding - diluted			96,309,352				77,020,592				25.0
	Period end common shares outstanding			96,134,158				95,672,204				0.5
	Period end preferred shares outstanding			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
(unaudited, dollars in thousands, unless otherwise noted)
	Selected ratios
		For the Three Months Ended
		March 31,
		2026				2025				% Change
	Return on average assets		1.24		%		(0.22	)	%		663.64		%
	Return on average assets, excluding certain items (1)		1.29				0.96				34.38
	Return on average equity		8.38				(1.45	)			677.93
	Return on average equity, excluding certain items (1)		8.67				6.45				34.42
	Return on average tangible equity (1)		15.25				(1.74	)			976.44
	Return on average tangible equity, excluding certain items (1)		15.74				11.61				35.57
	Return on average tangible common equity (1)		16.82				(1.89	)			989.95
	Return on average tangible common equity, excluding certain items (1)		17.37				12.56				38.30
	Yield on earning assets (2)		5.38				5.33				0.94
	Cost of interest bearing liabilities		2.50				2.78				(10.07	)
	Net interest spread (2)		2.88				2.55				12.94
	Net interest margin (2)		3.57				3.35				6.57
	Efficiency (1) (2)		52.54				56.36				(6.78	)
	Average loans to average deposits		89.05				89.32				(0.30	)
	Annualized net loan charge-offs/average loans		0.16				0.08				100.00
	Effective income tax rate		20.45				(6.96	)			393.82

	For the Three Months Ended
	Mar. 31,				Dec. 31,				Sept. 30,				June 30,				Mar. 31,
	2026				2025				2025				2025				2025
Return on average assets		1.24		%		1.13		%		1.17		%		0.81		%		(0.22	)	%
Return on average assets, excluding certain items (1)		1.29				1.17				1.30				1.28				0.96
Return on average equity		8.38				7.58				8.25				5.76				(1.45	)
Return on average equity, excluding certain items (1)		8.67				7.85				9.16				9.17				6.45
Return on average tangible equity (1)		15.25				13.93				15.86				11.27				(1.74	)
Return on average tangible equity, excluding certain items (1)		15.74				14.39				17.48				17.16				11.61
Return on average tangible common equity (1)		16.82				15.87				17.26				12.06				(1.89	)
Return on average tangible common equity, excluding certain items (1)		17.37				16.39				19.03				18.36				12.56
Yield on earning assets (2)		5.38				5.51				5.58				5.56				5.33
Cost of interest bearing liabilities		2.50				2.62				2.79				2.69				2.78
Net interest spread (2)		2.88				2.88				2.79				2.87				2.55
Net interest margin (2)		3.57				3.61				3.53				3.59				3.35
Efficiency (1) (2)		52.54				51.62				52.13				52.30				56.36
Average loans to average deposits		89.05				88.78				89.41				89.47				89.32
Annualized net loan charge-offs and recoveries /average loans		0.16				0.06				0.19				0.09				0.08
Effective income tax rate		20.45				20.51				19.10				19.10				(6.96	)
Trust and Investment Services assets under management (3)	$	7,810			$	7,886			$	7,688			$	7,205			$	6,951
Broker-dealer securities account values (including annuities) (3)	$	2,574			$	2,481			$	2,588			$	2,554			$	2,359
(1) 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. See non-GAAP financial measures for additional information relating to the calculation of this item.
(2) 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.
(3) Represents market value at period end, in millions.

WESBANCO, INC.
Consolidated Selected Financial Highlights
(unaudited, dollars in thousands, except shares)
																	% Change
			March 31,											December 31,			March 31, 2026
	Balance sheets		2026				2025				% Change			2025			to Dec. 31, 2025
	Assets
	Cash and due from banks		$	214,453			$	245,897				(12.8	)	$	204,860			4.7
	Due from banks - interest bearing			745,957				845,818				(11.8	)		751,249			(0.7	)
	Securities:
	Equity securities, at fair value			30,256				28,217				7.2			30,809			(1.8	)
	Available-for-sale debt securities, at fair value			3,298,237				3,149,043				4.7			3,288,332			0.3
	Held-to-maturity debt securities (fair values of $1,011,303, $1,002,796 and $1,035,957 respectively)			1,120,597				1,143,376				(2.0	)		1,132,114			(1.0	)
	Allowance for credit losses - held-to-maturity debt securities			(151	)			(137	)			(10.2	)		(168	)		10.1
	Net held-to-maturity debt securities			1,120,446				1,143,239				(2.0	)		1,131,946			(1.0	)
	Total securities			4,448,939				4,320,499				3.0			4,451,087			(0.0	)
	Loans held for sale			59,281				243,281				(75.6	)		87,454			(32.2	)
	Portfolio loans:
	Commercial real estate			10,902,275				10,501,846				3.8			10,938,834			(0.3	)
	Commercial and industrial			2,785,440				2,781,728				0.1			2,863,893			(2.7	)
	Residential real estate			3,920,209				3,930,667				(0.3	)		3,938,585			(0.5	)
	Home equity			1,149,878				1,020,929				12.6			1,129,394			1.8
	Consumer			324,879				438,578				(25.9	)		355,726			(8.7	)
	Total portfolio loans, net of unearned income			19,082,681				18,673,748				2.2			19,226,432			(0.7	)
	Allowance for credit losses - loans			(210,023	)			(233,617	)			10.1			(218,749	)		4.0
	Net portfolio loans			18,872,658				18,440,131				2.3			19,007,683			(0.7	)
	Premises and equipment, net			251,325				281,493				(10.7	)		263,240			(4.5	)
	Accrued interest receivable			105,288				108,778				(3.2	)		106,651			(1.3	)
	Goodwill and other intangible assets, net			1,716,225				1,754,703				(2.2	)		1,723,385			(0.4	)
	Bank-owned life insurance			560,773				548,601				2.2			557,512			0.6
	Other assets			507,556				623,182				(18.6	)		543,212			(6.6	)
	Total Assets		$	27,482,455			$	27,412,383				0.3		$	27,696,333			(0.8	)
	Liabilities
	Deposits:
	Non-interest bearing demand		$	5,223,034			$	5,318,619				(1.8	)	$	5,376,767			(2.9	)
	Interest bearing demand			5,505,382				5,000,881				10.1			5,186,880			6.1
	Money market			4,904,510				4,875,384				0.6			5,072,039			(3.3	)
	Savings deposits			3,306,044				3,068,618				7.7			3,157,782			4.7
	Certificates of deposit			2,729,304				3,028,893				(9.9	)		2,875,372			(5.1	)
	Total deposits			21,668,274				21,292,395				1.8			21,668,840			(0.0	)
	Federal Home Loan Bank borrowings			975,000				1,476,511				(34.0	)		1,200,000			(18.8	)
	Other short-term borrowings			114,068				147,804				(22.8	)		110,679			3.1
	Subordinated debt and junior subordinated debt			308,683				360,156				(14.3	)		308,529			0.0
	Total borrowings			1,397,751				1,984,471				(29.6	)		1,619,208			(13.7	)
	Accrued interest payable			19,917				26,570				(25.0	)		19,150			4.0
	Other liabilities			325,905				327,368				(0.4	)		357,222			(8.8	)
	Total Liabilities			23,411,847				23,630,804				(0.9	)		23,664,420			(1.1	)
	Shareholders' Equity
	Preferred stock, no par value; 1,000,000 shares authorized; 0, 150,000 and 0 shares 6.75% non-cumulative perpetual preferred stock, Series A, liquidation preference $150.0 million, issued and outstanding, respectively			-				144,484				(100.0	)		-			(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, 200,000,000, and 200,000,000 shares authorized; 96,134,158, 95,672,204 and 96,067,559 shares issued; 96,134,158, 95,672,204 and 96,067,559 shares outstanding, respectively			200,276				199,313				0.5			200,137			0.1
	Capital surplus			2,495,091				2,485,223				0.4			2,490,440			0.2
	Retained earnings			1,300,628				1,145,396				13.6			1,252,765			3.8
	Accumulated other comprehensive loss			(147,195	)			(190,710	)			22.8			(133,320	)		(10.4	)
	Deferred benefits for directors			(2,379	)			(2,127	)			(11.8	)		(2,296	)		(3.6	)
	Total Shareholders' Equity			4,070,608				3,781,579				7.6			4,031,913			1.0
	Total Liabilities and Shareholders' Equity		$	27,482,455			$	27,412,383				0.3		$	27,696,333			(0.8	)

WESBANCO, INC.
Consolidated Selected Financial Highlights
(unaudited, dollars in thousands)
			For the Three Months Ended March 31,
			2026								2025
	Average balance sheet and		Average			Average					Average			Average
	net interest margin analysis		Balance			Rate					Balance			Rate
	Assets
	Due from banks - interest bearing		$	745,711			3.91		%		$	602,708			4.73		%
	Loans, net of unearned income (1)			19,188,906			5.94					14,720,749			6.02
	Securities: (2)
	Taxable			3,904,167			3.27					3,237,372			2.79
	Tax-exempt (3)			739,469			3.35					733,105			3.17
	Total securities			4,643,636			3.28					3,970,477			2.86
	Other earning assets			62,274			7.69					61,393			6.69		%
	Total earning assets (3)			24,640,527			5.38		%			19,355,327			5.33		%
	Other assets			2,890,093								2,303,025
	Total Assets		$	27,530,620							$	21,658,352
	Liabilities and Shareholders' Equity
	Interest bearing demand deposits		$	5,327,178			2.24		%		$	4,166,005			2.86		%
	Money market accounts			4,901,058			2.66					3,219,335			2.66
	Savings deposits			3,237,453			1.27					2,605,145			1.15
	Certificates of deposit			2,827,655			3.24					2,185,662			3.44
	Total interest bearing deposits			16,293,344			2.35					12,176,147			2.55
	Federal Home Loan Bank borrowings			1,155,278			3.97					1,168,981			4.52
	Repurchase agreements			107,383			2.26					162,912			2.79
	Subordinated debt and junior subordinated debt			308,585			5.36					305,309			5.48
	Total interest bearing liabilities (4)			17,864,590			2.50		%			13,813,349			2.78		%
	Non-interest bearing demand deposits			5,255,480								4,303,915
	Other liabilities			323,933								322,449
	Shareholders' equity			4,086,617								3,218,639
	Total Liabilities and Shareholders' Equity		$	27,530,620							$	21,658,352
	Taxable equivalent net interest spread						2.88		%						2.55		%
	Taxable equivalent net interest margin						3.57		%						3.35		%
	(1) Gross of allowance for credit losses, net of unearned income and includes non-accrual and loans held for sale. Loan fees included in interest income on loans were $1.8 million and $1.6 million for the three months ended March 31, 2026 and 2025, respectively. Additionally, loan accretion included in interest income on loans acquired from prior acquisitions was $13.3 million and $6.9 million for the three months ended March 31, 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 $0.3 million and $2.3 million for the three months ended March 31, 2026 and 2025, respectively.

WESBANCO, INC.
Consolidated Selected Financial Highlights
(unaudited, dollars in thousands, except shares and per share amounts)
			Quarter Ended
			Mar. 31,				Dec. 31,				Sept. 30,				June 30,				Mar. 31,
	Statement of Income		2026				2025				2025				2025				2025
	Interest and dividend income
	Loans, including fees		$	280,989			$	293,208			$	295,482			$	290,104			$	218,409
	Interest and dividends on securities:
	Taxable			31,443				31,546				31,483				31,066				22,247
	Tax-exempt			4,824				4,865				4,692				4,616				4,529
	Total interest and dividends on securities			36,267				36,411				36,175				35,682				26,776
	Other interest income			8,368				9,821				11,229				10,596				8,047
	Total interest and dividend income			325,624				339,440				342,886				336,382				253,232
	Interest expense
	Interest bearing demand deposits			29,368				29,821				31,351				30,405				29,377
	Money market deposits			32,151				36,166				38,249				36,287				21,134
	Savings deposits			10,119				9,570				9,577				8,670				7,359
	Certificates of deposit			22,591				24,235				23,554				21,442				18,558
	Total interest expense on deposits			94,229				99,792				102,731				96,804				76,428
	Federal Home Loan Bank borrowings			11,316				11,378				17,337				16,683				13,034
	Other short-term borrowings			598				730				766				816				1,122
	Subordinated debt and junior subordinated debt			4,080				5,243				5,336				5,310				4,129
	Total interest expense			110,223				117,143				126,170				119,613				94,713
	Net interest income			215,401				222,297				216,716				216,769				158,519
	Provision for credit losses			(897	)			3,059				2,082				3,218				68,883
	Net interest income after provision for credit losses			216,298				219,238				214,634				213,551				89,636
	Non-interest income
	Trust fees			10,442				9,745				8,987				9,657				8,697
	Service charges on deposits			10,961				11,159				11,163				10,484				8,587
	Digital banking income			6,599				6,422				7,324				7,325				5,404
	Net swap fee and valuation income			1,062				3,959				3,231				746				961
	Net securities brokerage revenue			3,472				2,836				2,961				3,348				2,701
	Bank-owned life insurance			3,811				4,458				3,765				3,450				3,428
	Mortgage banking income			919				791				1,898				2,364				1,140
	Net securities (losses) / gains			(13	)			1,077				1,210				1,410				(318	)
	Net gains / (losses) other real estate owned and other assets			546				(824	)			329				111				(40	)
	Other income			4,032				3,647				3,996				5,062				4,105
	Total non-interest income			41,831				43,270				44,864				43,957				34,665
	Non-interest expense
	Salaries and wages			63,964				61,664				60,583				60,153				48,577
	Employee benefits			17,611				17,148				18,040				18,857				12,970
	Net occupancy			8,529				8,522				8,819				8,119				7,778
	Equipment and software			15,678				16,110				16,310				17,140				13,050
	Marketing			1,526				2,636				2,979				1,864				2,382
	FDIC insurance			4,784				5,411				5,820				5,479				4,187
	Amortization of intangible assets			7,160				7,217				8,425				9,204				4,223
	Restructuring and merger-related expense			3,713				3,483				11,383				41,056				20,010
	Other operating expenses			23,740				25,697				23,829				24,663				20,789
	Total non-interest expense			146,705				147,888				156,188				186,535				133,966
	Income / (loss) before provision for income taxes			111,424				114,620				103,310				70,973				(9,665	)
	Provision / (benefit) for income taxes			22,789				23,510				19,737				13,558				(673	)
	Net Income /(loss)			88,635				91,110				83,573				57,415				(8,992	)
	Preferred stock dividends			4,240				12,948				2,531				2,531				2,531
	Net income / (loss) available to common shareholders		$	84,395			$	78,162			$	81,042			$	54,884			$	(11,523	)
	Taxable equivalent net interest income		$	216,683			$	223,590			$	217,963			$	217,996			$	159,723
	Per common share data
	Net income / (loss) per common share - basic		$	0.88			$	0.81			$	0.84			$	0.57			$	(0.15	)
	Net income / (loss) per common share - diluted			0.88				0.81				0.84				0.57				(0.15	)
	Adjusted net income per common share - diluted, excluding certain items (1)(2)			0.91				0.84				0.94				0.91				0.66
	Dividends declared			0.38				0.38				0.37				0.37				0.37
	Book value (period end)			40.01				39.64				39.02				38.28				38.02
	Tangible book value (period end) (1)			22.45				22.01				21.29				20.48				20.06
	Average common shares outstanding - basic			96,103,497				96,053,336				95,995,174				95,744,980				76,830,460
	Average common shares outstanding - diluted			96,309,352				96,226,845				96,116,617				95,808,310				77,020,592
	Period end common shares outstanding			96,134,158				96,067,559				96,044,222				95,986,023				95,672,204
	Period end preferred shares outstanding			230,000				230,000				380,000				150,000				150,000
	Full time equivalent employees			2,973				3,030				3,064				3,253				3,205
	(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
(unaudited, dollars in thousands)
			Quarter Ended
			Mar. 31,				Dec. 31,				Sept. 30,				June 30,				Mar. 31,
	Asset quality data		2026				2025				2025				2025				2025
	Non-performing assets:
	Total non-performing loans		$	145,008			$	91,584			$	94,463			$	84,319			$	81,489
	Other real estate and repossessed assets			1,323				907				997				958				1,854
	Total non-performing assets		$	146,331			$	92,491			$	95,460			$	85,277			$	83,343
	Past due loans (1):
	Loans past due 30-89 days		$	89,877			$	91,199			$	80,333			$	65,401			$	69,755
	Loans past due 90 days or more			16,210				37,783				19,430				20,890				10,734
	Total past due loans		$	106,087			$	128,982			$	99,763			$	86,291			$	80,489
	Criticized and classified loans (2):
	Criticized loans		$	326,853			$	413,068			$	433,320			$	531,415			$	470,619
	Classified loans			228,606				191,860				175,648				151,849				149,452
	Total criticized and classified loans		$	555,459			$	604,928			$	608,968			$	683,264			$	620,071
	Loans past due 30-89 days / total portfolio loans			0.47		%		0.47		%		0.42		%		0.35		%		0.37		%
	Loans past due 90 days or more / total portfolio loans			0.08				0.20				0.10				0.11				0.06
	Non-performing loans / total portfolio loans			0.76				0.48				0.50				0.45				0.44
	Non-performing assets/total portfolio loans, other    real estate and repossessed assets			0.77				0.48				0.50				0.45				0.45
	Non-performing assets / total assets			0.53				0.33				0.35				0.31				0.30
	Criticized and classified loans / total portfolio loans			2.91				3.15				3.22				3.63				3.32
	Allowance for credit losses
	Allowance for credit losses - loans		$	210,023			$	218,749			$	217,666			$	223,866			$	233,617
	Allowance for credit losses - loan commitments			7,212				6,950				7,628				6,168				6,459
	Provision for credit losses			(897	)			3,059				2,082				3,218				68,883
	Net loan and deposit account overdraft charge-offs and recoveries			7,584				2,666				8,867				4,329				2,771
	Annualized net loan charge-offs and recoveries / average loans			0.16		%		0.06		%		0.19		%		0.09		%		0.08		%
	Allowance for credit losses - loans / total portfolio loans			1.10		%		1.14		%		1.15		%		1.19		%		1.25		%
	Allowance for credit losses - loans / non-performing loans			1.45		x		2.39		x		2.30		x		2.65		x		2.87		x
	Allowance for credit losses - loans / non-performing loans    and loans past due			0.84		x		0.99		x		1.12		x		1.31		x		1.44		x
			Quarter Ended
			Mar. 31,				Dec. 31,				Sept. 30,				June 30,				Mar. 31,
			2026				2025				2025				2025				2025
	Capital ratios
	Tier I leverage capital			9.63		%		9.42		%		9.72		%		8.66		%		11.01		%
	Tier I risk-based capital			11.72				11.42				11.83				10.59				10.69
	Total risk-based capital			14.19				13.92				14.58				13.40				13.59
	Common equity tier 1 capital ratio (CET 1)			10.67				10.37				10.10				9.90				9.99
	Average shareholders' equity to average assets			14.84				14.88				14.22				13.99				14.86
	Tangible equity to tangible assets (3)			9.24				8.99				9.35				8.16				8.03
	Tangible common equity to tangible assets (3)			8.37				8.13				7.92				7.60				7.47
	(1) Excludes non-performing loans.
	(2) Criticized and classified commercial loans include loans that are also reported as non-performing or past due.
	(3) See non-GAAP financial measures for additional information relating to the calculation of this ratio.

NON-GAAP FINANCIAL MEASURES
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
				Mar. 31,				Dec. 31,				Sept. 30,				June 30,				Mar. 31,
		(unaudited, dollars in thousands, except shares and per share amounts)		2026				2025				2025				2025				2025
		Return on average assets, excluding certain items:
		Net income / (loss) available to common shareholders		$	84,395			$	78,162			$	81,042			$	54,884			$	(11,523	)
		Plus: after-tax restructuring and merger-related expenses (1)			2,933				2,752				8,993				32,434				15,808
		Plus: after-tax day one provision for credit losses on acquired loans (1)			-				-				-				-				46,926
		Net income available to common shareholders, excluding certain items			87,328				80,914				90,035				87,318				51,211
		Average total assets		$	27,530,620			$	27,481,963			$	27,419,726			$	27,304,700			$	21,658,352
		Return on average assets, excluding certain items (annualized) (2)			1.29	%			1.17	%			1.30	%			1.28	%			0.96	%
		Return on average equity, excluding certain items:
		Net income / (loss) available to common shareholders		$	84,395			$	78,162			$	81,042			$	54,884			$	(11,523	)
		Plus: after-tax restructuring and merger-related expenses (1)			2,933				2,752				8,993				32,434				15,808
		Plus: after-tax day one provision for credit losses on acquired loans (1)			-				-				-				-				46,926
		Net income available to common shareholders excluding certain items			87,328				80,914				90,035				87,318				51,211
		Average total shareholders' equity			4,086,617				4,088,456				3,898,142				3,819,513				3,218,639
		Return on average equity, excluding certain items (annualized) (2)			8.67	%			7.85	%			9.16	%			9.17	%			6.45	%
		Return on average tangible equity:
		Net income / (loss) available to common shareholders		$	84,395			$	78,162			$	81,042			$	54,884			$	(11,523	)
		Plus: amortization of intangibles (1)			5,656				5,701				6,656				7,271				3,336
		Net income / (loss) available to common shareholders before amortization of intangibles			90,051				83,863				87,698				62,155				(8,187	)
		Average total shareholders' equity			4,086,617				4,088,456				3,898,142				3,819,513				3,218,639
		Less: average goodwill and other intangibles, net of def. tax liability			(1,691,156	)			(1,700,188	)			(1,704,105	)			(1,608,358	)			(1,312,855	)
		Average tangible equity		$	2,395,461			$	2,388,268			$	2,194,037			$	2,211,155			$	1,905,784
		Return on average tangible equity (annualized) (2)			15.25	%			13.93	%			15.86	%			11.27	%			-1.74	%
		Average tangible common equity		$	2,171,274			$	2,096,528			$	2,015,329			$	2,066,671			$	1,761,300
		Return on average tangible common equity (annualized) (2)			16.82	%			15.87	%			17.26	%			12.06	%			-1.89	%
		Return on average tangible equity, excluding certain items:
		Net income / (loss) available to common shareholders		$	84,395			$	78,162			$	81,042			$	54,884			$	(11,523	)
		Plus: after-tax restructuring and merger-related expenses (1)			2,933				2,752				8,993				32,434				15,808
		Plus: amortization of intangibles (1)			5,656				5,701				6,656				7,271				3,336
		Plus: 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			92,984				86,615				96,691				94,589				54,547
		Average total shareholders' equity			4,086,617				4,088,456				3,898,142				3,819,513				3,218,639
		Less: average goodwill and other intangibles, net of def. tax liability			(1,691,156	)			(1,700,188	)			(1,704,105	)			(1,608,358	)			(1,312,855	)
		Average tangible equity		$	2,395,461			$	2,388,268			$	2,194,037			$	2,211,155			$	1,905,784
		Return on average tangible equity, excluding certain items (annualized) (2)			15.74	%			14.39	%			17.48	%			17.16	%			11.61	%
		Average tangible common equity		$	2,171,274			$	2,096,528			$	2,015,329			$	2,066,671			$	1,761,300
		Return on average tangible common equity, excluding certain items (annualized) (2)			17.37	%			16.39	%			19.03	%			18.36	%			12.56	%

		Three Months Ended
		Mar. 31,				Dec. 31,				Sept. 30,				June 30,				Mar. 31,
(unaudited, dollars in thousands, except shares and per share amounts)		2026				2025				2025				2025				2025
Efficiency ratio:
Non-interest expense		$	146,705			$	147,888			$	156,188			$	186,535			$	133,966
Less: amortization of intangibles			(7,160	)			(7,217	)			(8,245	)			(9,204	)			(4,223	)
Less: restructuring and merger-related expense			(3,713	)			(3,483	)			(11,383	)			(41,056	)			(20,010	)
Non-interest expense excluding restructuring and merger-related expense			135,832				137,188				136,380				136,275				109,733
Net interest income on a fully taxable equivalent basis			216,683				223,590				217,963				217,996				159,723
Non-interest income, excluding net securities gains (losses)			41,844				42,193				43,654				42,547				34,983
Net interest income on a fully taxable equivalent basis plus non-interest income		$	258,527			$	265,783			$	261,617			$	260,543			$	194,706
Efficiency ratio			52.54	%			51.62	%			52.13	%			52.30	%			56.36	%
Adjusted net income available to common shareholders, excluding certain items:
Net income / (loss) available to common shareholders		$	84,395			$	78,162			$	81,042			$	54,884			$	(11,523	)
Add: after-tax restructuring and merger-related expenses (1)			2,933				2,752				8,993				32,434				15,808
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:		$	87,328			$	80,914			$	90,035			$	87,318			$	51,211
Adjusted net income per common share - diluted, excluding certain items:
Net income / (loss) per common share - diluted		$	0.88			$	0.81			$	0.84			$	0.57			$	(0.15	)
Add: after-tax restructuring and merger-related expenses per common share - diluted (1)			0.03				0.03				0.10				0.34				0.21
Add: after-tax day one provision for credit losses on acquired loans (1)			-				-				-				-				0.60
Adjusted net income per common share - diluted, excluding certain items:		$	0.91			$	0.84			$	0.94			$	0.91			$	0.66
		Period End
		Mar. 31,				Dec. 31,				Sept. 30,				June 30,				Mar. 31,
		2026				2025				2025				2025				2025
Tangible book value per share:
Total shareholders' equity		$	4,070,608			$	4,031,913			$	4,116,527			$	3,819,220			$	3,781,579
Less: goodwill and other intangible assets, net of def. tax liability			(1,688,098	)			(1,693,755	)			(1,702,916	)			(1,709,001	)			(1,718,048	)
Less: preferred shareholder's equity			(224,187	)			(224,187	)			(368,867	)			(144,484	)			(144,484	)
Tangible common equity			2,158,323				2,113,971				2,044,744				1,965,735				1,919,047
Common shares outstanding			96,134,158				96,067,559				96,044,222				95,986,023				95,672,204
Tangible book value per share		$	22.45			$	22.01			$	21.29			$	20.48			$	20.06
Tangible common equity to tangible assets:
Total shareholders' equity		$	4,070,608			$	4,031,913			$	4,116,527			$	3,819,220			$	3,781,579
Less: goodwill and other intangible assets, net of def. tax liability			(1,688,098	)			(1,693,755	)			(1,702,916	)			(1,709,001	)			(1,718,048	)
Tangible equity			2,382,510				2,338,158				2,413,611				2,110,219				2,063,531
Less: preferred shareholders' equity			(224,187	)			(224,187	)			(368,867	)			(144,484	)			(144,484	)
Tangible common equity			2,158,323				2,113,971				2,044,744				1,965,735				1,919,047
Total assets			27,482,455				27,696,333				27,518,042				27,571,576				27,412,383
Less: goodwill and other intangible assets, net of def. tax liability			(1,688,098	)			(1,693,755	)			(1,702,916	)			(1,709,001	)			(1,718,048	)
Tangible assets		$	25,794,357			$	26,002,578			$	25,815,126			$	25,862,575			$	25,694,335
Tangible equity to tangible assets			9.24	%			8.99	%			9.35	%			8.16	%			8.03	%
Tangible common equity to tangible assets			8.37	%			8.13	%			7.92	%			7.60	%			7.47	%
(1) Tax effected at 21% for all periods presented.
(2) The ratios are annualized by utilizing actual number of days in the quarter versus the year.

ADDITIONAL NON-GAAP FINANCIAL MEASURES
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
				Mar. 31,				Dec. 31,				Sept. 30,				June 30,				Mar. 31,
		(unaudited, dollars in thousands, except shares and per share amounts)		2026				2025				2025				2025				2025
		Pre-tax, pre-provision income:
		Income / (loss) before provision / (benefit) for income taxes		$	111,424			$	114,620			$	103,310			$	70,973			$	(9,665	)
		Add: provision for credit losses			(897	)			3,059				2,082				3,218				68,883
		Pre-tax, pre-provision income		$	110,527			$	117,679			$	105,392			$	74,191			$	59,218
		Pre-tax, pre-provision income, excluding restructuring and merger-related expenses:
		Income / (loss) before provision / (benefit) for income taxes		$	111,424			$	114,620			$	103,310			$	70,973			$	(9,665	)
		Add: provision for credit losses			(897	)			3,059				2,082				3,218				68,883
		Add: restructuring and merger-related expenses			3,713				3,483				11,383				41,056				20,010
		Pre-tax, pre-provision income, excluding restructuring and merger-related expenses		$	114,240			$	121,162			$	116,775			$	115,247			$	79,228
		Pre-tax, pre-provision return on average assets, excluding restructuring and merger-related expenses:
		Income / (loss) before provision / (benefit) for income taxes		$	111,424			$	114,620			$	103,310			$	70,973			$	(9,665	)
		Add: provision for credit losses			(897	)			3,059				2,082				3,218				68,883
		Add: restructuring and merger-related expenses			3,713				3,483				11,383				41,056				20,010
		Pre-tax, pre-provision income, excluding restructuring and merger-related expenses			114,240				121,162				116,775				115,247				79,228
		Average total assets		$	27,530,620			$	27,481,963			$	27,419,726			$	27,304,700			$	21,658,352
		Pre-tax, pre-provision return on average assets, excluding restructuring and merger-related expenses (annualized) (2)			1.68	%			1.75	%			1.69	%			1.69	%			1.48	%
		Pre-tax, pre-provision return on average equity, excluding restructuring and merger-related expenses:
		Income / (loss) before provision / (benefit) for income taxes		$	111,424			$	114,620			$	103,310			$	70,973			$	(9,665	)
		Add: provision for credit losses			(897	)			3,059				2,082				3,218				68,883
		Add: restructuring and merger-related expenses			3,713				3,483				11,383				41,056				20,010
		Pre-tax, pre-provision income, excluding restructuring and merger-related expenses			114,240				121,162				116,775				115,247				79,228
		Average total shareholders' equity		$	4,086,617			$	4,088,456			$	3,898,142			$	3,819,513			$	3,218,639
		Pre-tax, pre-provision return on average equity, excluding restructuring and merger-related expenses (annualized) (2)			11.34	%			11.76	%			11.88	%			12.10	%			9.98	%
		Pre-tax, pre-provision return on average tangible equity, excluding certain items (1):
		Income / (loss) before provision / (benefit) for income taxes		$	111,424			$	114,620			$	103,310			$	70,973			$	(9,665	)
		Add: provision for credit losses			(897	)			3,059				2,082				3,218				68,883
		Add: amortization of intangibles			7,160				7,217				8,425				9,204				4,223
		Add: restructuring and merger-related expenses			3,713				3,483				11,383				41,056				20,010
		Pre-tax, pre-provision income before restructuring and merger-related expenses and amortization of intangibles			121,400				128,379				125,200				124,451				83,451
		Average total shareholders' equity			4,086,617				4,088,456				3,898,142				3,819,513				3,218,639
		Less: average goodwill and other intangibles, net of def. tax liability			(1,691,156	)			(1,700,188	)			(1,704,105	)			(1,608,358	)			(1,312,855	)
		Average tangible equity		$	2,395,461			$	2,388,268			$	2,194,037			$	2,211,155			$	1,905,784
		Pre-tax, pre-provision return on average tangible equity, excluding certain items (annualized) (1) (2)			20.55	%			21.33	%			22.64	%			22.58	%			17.76	%
		Average tangible common equity		$	2,171,274			$	2,096,528			$	2,015,329			$	2,066,671			$	1,761,300
		Pre-tax, pre-provision return on average tangible common equity, excluding certain items (annualized) (1) (2)			22.68	%			24.29	%			24.65	%			24.15	%			19.22	%
		(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.

First Quarter 2026 Earnings Call Presentation April 22, 2026

Forward-Looking Statements and Non-GAAP Financial Measures 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”), 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. Statements in this presentation with respect to the benefits of the merger between WesBanco and Premier, the parties’ plans, obligations, expectations, and intentions, and the statements with respect to accretion, earn back of tangible book value, tangible book value dilution and internal rate of return, constitute forward-looking statements as defined by federal securities laws. Such statements are subject to numerous assumptions, risks, and uncertainties. Actual results could differ materially from those contained or implied by such statements for a variety of factors including: changes in economic conditions; movements in interest rates; competitive pressures on product pricing and services; success and timing of other business strategies; the nature, extent, and timing of governmental actions and reforms; extended disruption of vital infrastructure; and other factors described in WesBanco’s 2025 Annual Report on Form 10-K and documents subsequently filed by WesBanco with the SEC. 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.

GAAP EPS of $0.88 but, when excluding merger and restructuring costs, EPS(1) was $0.91 and increased 38% compared to the prior year and 8% from the sequential quarter Achieved or exceeded year one financial targets outlined in the PFC acquisition model(2), 1.3% return on average assets, a 10.7% CET1 ratio, and tangible book value per share of $22.45(1) Advanced organic growth model with commercial banking expansion into high-growth South Florida markets Increased NIM 22bp YoY to 3.57%, driven by lower funding costs and higher earning asset yields Improved efficiency ratio nearly 4 percentage points YoY to 52.5%, primarily due to expense synergies from the PFC acquisition and the focus on positive operating leverage Executed next phase of financial center optimization with planned closure of 10 financial centers in May Built record commercial loan pipeline of $1.6 billion Increased total deposits 1.8% YoY on an organic basis to $21.7 billion; flat compared to the fourth quarter Increased total loans 2.2% YoY as organic growth more than offset higher CRE payoffs of $340 million Elevated payoffs impacted YoY loan growth by 1.4% Strong YoY Increase in EPS; Improved NIM 22bp YoY Net Income Available to Common Shareholders and Diluted EPS(1) $87.3 million; $0.91/share Net Interest Margin +22 bp YoY Total Loan Growth +2.2% YoY or +3.6%, excluding CRE payoff headwind Total Deposit Growth +1.8% YoY; flat QoQ Criticized and Classified Loans to Total Loans 2.91% CET1 Capital Ratio 10.67% Note: financial and operational highlights for the quarter ended March 31, 2026; EPS = earnings per share; CRE = commercial real estate; YoY = year-over-year; QoQ = quarter-over-quarter; bp = basis points; CET1 = common equity tier 1; PFC = Premier Financial Corp. (acquisition closed on 2/28/2025) (1) Non-GAAP measure – please see reconciliation in appendix (2) PFC acquisition presentation published on 7/26/2024 Q1 2026 Financial and Operational Highlights

Note: PTPP = pre-tax, pre-provision (1) Non-GAAP measure – please see reconciliation in appendix (2) Excludes restructuring and merger-related expenses and/or day 1 provision for credit losses on acquired loans Key Metrics Q1 2026 Financial and Operational Highlights

Organic Growth Model Intact – Impacted by Elevated CRE Payoffs Note: commercial payoffs and new originations and associated yields (in charts above); C&I = Commercial & Industrial Q1 2026 Total Portfolio Loans Total loans increased $400 million, or 2.2%, YoY to $19.1 billion, driven by commercial and home equity lending CRE loan payoffs remained elevated and totaled $340 million for the first quarter of 2025, consistent with the elevated quarterly levels incurred during the second half of 2025 The increase in payoffs negatively impacted YoY loan growth by approximately 1.4% Commercial loan pipeline a record $1.6 billion, as of 3/31/2026 50% of pipeline from PFC markets and loan production offices Initial Florida pipeline adds an additional $30 million C&I line utilization was approximately 37% for Q1 2026

Deposit Growth Remained Solid Note: “uninsured deposits” are approximated; “collateralized municipal deposits” are collateralized by securities Q1 2026 Total Deposits Total deposits increased $376 million, or 1.8%, YoY to $21.7 billion, driven by demand deposits and savings account growth which more than offset the intentional run-off of $300 million of higher cost certificates of deposit Total demand deposits continued to represent 50% of total deposits Distribution: consumer 52% and business 32% (note: public funds, which are separately collateralized, 16%) Average loans to average deposits were 89.1%, providing continued capacity to fund loan growth

Tangible common equity to tangible assets ratio(1) of 8.37% Weighted average yield 3.28% vs. 2.86% last year Weighted average duration 4.3 Total unrealized securities losses (after-tax): Available for Sale (“AFS”) = $155MM Held to Maturity (“HTM”)(2) = $84MM Securities Represent 16% of Total Assets Note: securities chart excludes allowance for credit losses for HTM securities; weighted average yields have been calculated on a taxable-equivalent basis using the federal statutory rate of 21%; after-tax unrealized losses have been calculated using the Other Comprehensive Income (“OCI”) tax rate of ~23% (1) Non-GAAP measure – please see reconciliation in appendix (2) HTM losses not recognized in accumulated other comprehensive income Q1 2026 Total Securities $MM

Q1 2026 NIM of 3.57% improved 22 bp YoY, through a combination of lower funding costs and higher securities yields NIM decreased 4 bp on a sequential quarter basis due to lower net loan growth, as well as modestly higher seasonal deposit contraction in the first two months of the quarter which fully recovered by quarter-end Deposit funding costs, including non-interest bearing deposits, were 177 bp and decreased 11 bp YoY and 7 bp QoQ Average FHLB borrowings of $1.2 billion had a weighted average cost of 3.97% which decreased 55 bp YoY and 34 bp QoQ Of the $1.0 billion of borrowings at 3/31/2026, approximately 95% have 2026 maturities, with an average rate of 3.92% NIM Benefiting from Management of Funding Costs and Loan Growth Q1 2026 Net Interest Margin (NIM)

Note: OREO = other real estate owned; AUM = assets under management; securities account values include annuities Fee Income Increased $7.2 Million, or 20.7%, Year-Over-Year Q1 2026 Non-Interest Income Non-interest income increased 20.7% YoY due primarily to the acquisition of PFC, which occurred on February 28, 2025, which increased the size of our customer base and wealth management assets managed, as well as organic growth Service charges on deposits and digital banking fees reflect increased general spending and higher transaction volumes from our larger customer base, and organic growth from our treasury management products and services Reflecting record asset levels, trust fees and securities brokerage revenue increased due to the addition of PFC wealth clients, market value appreciation, and organic growth Trust and Investment Services assets under management increased 12% YoY to $7.8 billion Broker-dealer securities account values (including annuities) increased 9% YoY to $2.6 billion Gross swap fees were $1.2 million, compared to $2.0 million in the prior year Fair market valuation losses were $0.1 million, compared to $1.0 million last year

Expenses Declined $1.4 Million Sequentially Due to Cost Control Q1 2026 Non-Interest Expense Non-interest expense, excluding merger and restructuring charges, decreased sequentially primarily from control of marketing and other costs Non-interest expense, excluding merger and restructuring charges, increased 25.5% YoY due to the addition of the PFC expense, which was only in the expense base for one month in the prior year period Salaries and wages and employee benefits expense increased due to a full quarter of staffing Amortization of intangible assets increased due to the core deposit intangible asset that was created from the acquisition of PFC Equipment and software, which has been in a consistent range the last several quarters, increased YoY due to the acquisition of PFC Restructuring and merger-related expenses are primarily related to costs associated with the 10 financial centers that are planned to close during May

Favorable Asset Quality Measures Compared to Peer Bank Group Note: financial data as of quarter ending for dates specified; peer bank group includes all U.S. banks with total assets of $20B to $50B (excluding FINN) from S&P Capital IQ (as of 4/14/2026) and represent simple averages except criticized & classified loans as % of total loans and allowance for credit losses as % of total loans which are weighted averages Strong Legacy of Credit Quality Criticized & Classified Loans as % of Total Loans Non-Performing Assets as % of Total Assets Net Charge-Offs as % of Average Loans (Annualized) Allowance for Credit Losses as % of Total Loans

The allowance for credit losses on loans was $210.0 million at 3/31/2026, which provided a coverage ratio of 1.10% Excluded from the allowance for credit losses and the related coverage ratio is a remaining unaccreted discount on purchased loans from acquisitions representing 1.51% of total portfolio loans The first quarter provision for credit losses was negative primarily due to lower loan balances and higher prepayment speeds Non-Depository Financial Institution (NDFI) exposure <$55 million No exposure to technology and software firms or data centers and related infrastructure projects Allowance Coverage Ratio of 1.10% Q1 2026 Current Expected Credit Loss (CECL) Note: ACL at 3/31/2026 excludes off-balance sheet credit exposures of $7.2 million

Strong regulatory capital ratios significantly above both regulatory requirements and well-capitalized levels, with favorable tangible equity levels compared to peers ~0.9 million shares continue to remain for repurchase (as of 3/31/2026)(1) No shares repurchased on the open market during Q1 2026 Capital Ratios Above Both Regulatory and Well-Capitalized Levels Strong Capital Position Note: financial data as of quarter ending 12/31; current year data as of 3/31/2026; WSBC adopted Current Expected Credit Losses (“CECL”) accounting standard on 1/1/2020; in conjunction with the PFC acquisition, WSBC raised $200MM of common equity on 8/1/2024 to support future growth and issued $1B of common equity on the 2/28/2025 closing; on 9/10/2025, raised $230MM of Series B preferred stock to primarily redeem the Series A preferred stock and $50MM of acquired PFC sub-debt (1) Under the existing share repurchase authorization that was approved on February 24, 2022 by WesBanco’s Board of Directors Common Equity Tier 1 Capital Ratio (CET 1) Tier 1 Risk-Based Capital Ratio Well-Capitalized 8.0% Required 6.0%

Appendix

Pre-Tax, Pre-Provision Income (PTPP) and Ratios Reconciliation

Net Income and Diluted Earnings per Share (EPS) Reconciliation

Tangible Book Value per Share Reconciliation

Efficiency Ratio Reconciliation

Return on Average Assets Reconciliation

Return on Average Tangible Common Equity Reconciliation

Tangible Common Equity to Tangible Assets Reconciliation

First Quarter 2026 Earnings Call Presentation

FAQ

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

WesBanco reported net income available to common shareholders of $84.4 million and diluted EPS of $0.88 for Q1 2026. This compares to a loss of $11.5 million and $(0.15) per share a year earlier, reflecting a significant earnings turnaround.

What was WesBanco (WSBC)’s adjusted earnings per share in Q1 2026?

Adjusted diluted EPS, excluding after-tax restructuring and merger-related expenses, was $0.91 in Q1 2026. That figure increased from $0.66 in the prior-year quarter and from $0.84 in the prior quarter, highlighting both acquisition benefits and underlying operating improvement.

How did WesBanco’s net interest margin and net interest income change year-over-year?

Net interest margin rose to 3.57% in Q1 2026, up 22 basis points year-over-year. Net interest income increased 35.9% to $215.4 million, driven by lower deposit and borrowing costs, higher securities yields, and loan growth following the Premier Financial acquisition.

What were WesBanco (WSBC)’s loan and deposit balances at March 31, 2026?

Total portfolio loans were $19.1 billion, up 2.2% year-over-year, while total deposits reached $21.7 billion, a 1.8% increase. Loan growth was achieved despite elevated commercial real estate payoffs of about $340 million during the quarter, which reduced reported balances.

How strong are WesBanco’s asset quality metrics in Q1 2026?

Asset quality remained solid, with annualized net loan charge-offs at 0.16% of average loans and non-performing loans at 0.76% of total portfolio loans. The allowance for credit losses on loans was $210.0 million, or 1.10% of total portfolio loans, providing meaningful loss coverage.

What capital and efficiency ratios did WesBanco report for Q1 2026?

WesBanco reported a common equity Tier 1 (CET1) ratio of 10.67%, Tier 1 leverage of 9.63%, and total risk-based capital of 14.19%. The tangible common equity to tangible assets ratio was 8.37%, and the efficiency ratio improved to 52.54% during the quarter.

Did WesBanco (WSBC) provide any commentary on growth initiatives in Q1 2026?

Management highlighted expansion of commercial banking into high-growth South Florida markets and a record $1.6 billion commercial loan pipeline. They also executed further financial center optimization, planning to close 10 locations in May 2026 to enhance efficiency and align with customer behavior.

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