Wesbanco, Inc. · NASDAQ:WSBC

Wesbanco — Q3 2026 Earnings Presentation

21 slides from Wesbanco's earnings presentation, Oct 21, 2026

  1. Slide 1: Third Quarter 2026 Earnings Call Presentation

    Third Quarter 2026 Earnings Call Presentation October 21, 2026 ©2026 WesBanco Inc. | All rights reserved

  2. Slide 2: Forward-Looking Statements and Non-GAAP Financial Measures

    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 A

  3. Slide 3: Q3 2026 Financial and Operational Highlights

    Q3 2026 Financial and Operational Highlights Strong Annualized Loan Growth and Solid Efficiency Ratio • Generated annualized loan growth of 8.7% over the sequential quarter and 5.1% year-over- Adjusted Net Income Available to Common year as organic growth more than offset higher commercial real esta

  4. Slide 4: Key Metrics

    Q3 2026 Financial and Operational Highlights Key Metrics Quarter Ending H / (L) H / (L) Year-to-Date H / (L) 9/30/2026 9/30/2025 6/30/2026 9/30/2026 9/30/2025 Return on Average Assets (1)(2) 1.22% (8bp) (8bp) 1.27% 7bp PTPP Return on Average Assets (1)(2) 1.74% 5bp (12bp) 1.76% 13bp Return on Averag

  5. Slide 5: Strong Annualized Loan Growth that Outpaced CRE Payoffs

    Q3 2026 Total Portfolio Loans Strong Annualized Loan Growth that Outpaced CRE Payoffs • Total loans of $19.9 billion increased $1.0 billion, or 5.1%, YoY and $422 million, or 8.7% annualized, QoQ, driven by commercial, residential, and home equity lending • CRE loan payoffs remained elevated and tot

  6. Slide 6: Loan to Deposit Ratio Continues to Provide Capacity for Loan Growth

    Q3 2026 Total Deposits Loan to Deposit Ratio Continues to Provide Capacity for Loan Growth • Loan growth intentionally leads deposit growth in our expansion markets • Total deposits increased $328 million, or 1.5%, YoY to $21.6 billion, driven by demand deposits, money market, and savings account gr

  7. Slide 7: Securities Represent 16% of Total Assets

    Q3 2026 Total Securities Securities Represent 16% of Total Assets ($MM) Equities Held-to- 0% • Weighted average yield = 3.33% [vs. 3.20% last year] Maturity 25% 98% States & Political Subdivisions 2% Other • Weighted average duration = 4.5 • Total unrealized securities losses (after-tax): 81% Mortga

  8. Slide 8: Loan Growth and Higher Securities Yields Driving Higher Net Interest Income

    Q3 2026 Net Interest Income and Net Interest Margin (NIM) Loan Growth and Higher Securities Yields Driving Higher Net Interest Income • Q3 2026 net interest income increased $10.2 million YoY to $226.9 million driven by loan growth, upward loan repricing, and higher securities yields • Q3 2026 NIM o

  9. Slide 9: Record Fee Income Levels Across Multiple Categories

    Q3 2026 Non-Interest Income Record Fee Income Levels Across Multiple Categories Quarter Ending % H / (L) % H / (L) • Non-interest income increased 2.2% YoY due primarily to higher net swap and valuation income, service charges on deposits, and trust fees ($000s) 9/30/2026 9/30/2025 6/30/2026 • Achie

  10. Slide 10: Expenses Reflect Expansion Markets and Discretionary Cost Control

    Q3 2026 Non-Interest Expense Expenses Reflect Expansion Markets and Discretionary Cost Control Quarter Ending % H / (L) % H / (L) • Non-interest expense, excluding merger and restructuring charges(1), increased 3.7% YoY primarily due to higher salaries and wages offset by ($000s) 9/30/2026 9/30/2025

  11. Slide 11: Solid and Comparable Asset Quality Measures

    Strong Legacy of Credit Quality Solid and Comparable Asset Quality Measures Criticized & Classified Loans as % of Total Loans Non-Performing Assets as % of Total Assets 3.57% 3.35% 3.26% 0.46% 0.45% 3.13% 0.41% 0.41% 3.22% 3.15% 2.91% 3.74% 3.19% 0.35% 0.33% 0.53% 0.53% 0.62% 9/30/2025 12/31/2025 3/

  12. Slide 12: Allowance Coverage Ratio of 1.08%

    Q3 2026 Current Expected Credit Loss (CECL) Allowance Coverage Ratio of 1.08% • The allowance for credit losses on loans was $214.6 million at 9/30/2026, which provided a coverage ratio of 1.08% • Excluded from the allowance for credit losses and the related coverage ratio is a remaining unaccreted

  13. Slide 13: Capital Ratios Above Both Regulatory and Well-Capitalized Levels

    Strong Capital Position Capital Ratios Above Both Regulatory and Well-Capitalized Levels 15.09% 14.72% 14.12% 14.05% 13.16% 12.89% 13.06% 12.33% 12.05% 11.60% • Strong regulatory capital 11.42% ratios significantly above Well- both regulatory Tier 1 Risk- Capitalized Based Capital 8.0% requirements

  14. Slide 14: Appendix

    Appendix ©2026 WesBanco Inc. | All rights reserved

  15. Slide 15: Pre-Tax, Pre-Provision Income (PTPP) and Ratios

    Reconciliation Pre-Tax, Pre-Provision Income (PTPP) and Ratios Quarter Ending Year-to-Date ($000s) 9/30/2026 6/30/2026 9/30/2025 9/30/2026 9/30/2025 Income before Provision for Income Taxes $113,215 $117,523 $103,310 $342,162 $164,618 Provision for Credit Losses 8,661 9,185 2,082 16,949 74,183 Pre-T

  16. Slide 16: Net Income and Diluted Earnings per Share (EPS)

    Reconciliation Net Income and Diluted Earnings per Share (EPS) Quarter Ending Year-to-Date ($000s, except earnings per share) 9/30/2026 6/30/2026 9/30/2025 9/30/2026 9/30/2025 Net Income Available to Common Shareholders $85,265 $88,437 $81,042 $258,096 $124,401 Restructuring and Merger-Related Expen

  17. Slide 17: Tangible Book Value per Share

    Reconciliation Tangible Book Value per Share Quarter Ending Year-to-Date ($000s, except shares and per share data) 9/30/2026 6/30/2026 9/30/2025 9/30/2026 9/30/2025 Total Shareholders' Equity $4,083,124 $4,109,685 $4,116,527 $4,083,124 $4,116,527 Goodwill & Other Intangible Assets (net of deferred t

  18. Slide 18: Efficiency Ratio

    Reconciliation Efficiency Ratio Quarter Ending Year-to-Date ($000s) 9/30/2026 6/30/2026 9/30/2025 9/30/2026 9/30/2025 Non-Interest Expense $150,867 $149,086 $156,188 $446,656 $476,689 Amortization of Intangibles (7,122) (7,141) (8,245) (21,423) (21,853) Restructuring & Merger-Related Expense (730) (

  19. Slide 19: Return on Average Assets

    Reconciliation Return on Average Assets Quarter Ending Year-to-Date ($000s) 9/30/2026 6/30/2026 9/30/2025 9/30/2026 9/30/2025 Net Income Available to Common Shareholders $85,265 $88,437 $81,042 $258,096 $124,401 Day 1 Provision for Credit Losses on Acquired Loans (net of tax) $0 $0 $0 $0 $46,926 Res

  20. Slide 20: Return on Average Tangible Common Equity

    Reconciliation Return on Average Tangible Common Equity Quarter Ending Year-to-Date ($000s) 9/30/2026 6/30/2026 9/30/2025 9/30/2026 9/30/2025 Net Income Available to Common Shareholders $85,265 $88,437 $81,042 $258,096 $124,401 Amortization of Intangibles (tax effected at 21%) 5,626 5,641 6,656 16,9

  21. Slide 21: Tangible Common Equity to Tangible Assets

    Reconciliation Tangible Common Equity to Tangible Assets Period Ending ($000s) 9/30/2025 12/31/2025 3/31/2026 6/30/2026 9/30/2026 Total Shareholders' Equity $4,116,527 $4,031,913 $4,070,608 $4,109,685 $4,083,124 Goodwill and Other Intangible (1,702,916) (1,693,755) (1,688,098) (1,682,457) (1,676,830

WesBanco — Q3 2026 Earnings Presentation on 6ix