Wesbanco, Inc. · NASDAQ:WSBC
Wesbanco — Investor Presentation (May 2026)
33 slides from Wesbanco's investor presentation, May 4, 2026
Slide 1: Q2 2026 Investor Presentation
Q2 2026 Investor Presentation John iannone SVP & Director of Investor Relations (304) 905-7021 (WSBC financials as of the three months ending March 31, 2026)
Slide 2: WesBanco: Built to Deliver Our Next Phase of Growth
WesBanco: Built to Deliver Our Next Phase of Growth Investment Rationale Strong Foundation 150 years of profitability and soundness Robust, low-cost deposit base Economically diverse footprint supports earnings stability Strong capital levels provide flexibility across economic cycles Sustainable Op
Slide 3: Diversified Regional Financial Institution with Scale and Reach
Diversified Regional Financial Institution with Scale and Reach Who We Are Assets $27.5 billion Deposits $21.7 billion Loans $19.1 billion Wealth AUM $10.4 billion Loan Growth CAGR 7.4% Operations 10 states Highlights Top 50 largest publicly-traded financial institution Diversified Loan and Deposit
Slide 4: Focused on Priorities to Support Long-Term Value Creation
Focused on 5 Priorities to Support Long-Term Value Creation Business & Strategy Grow fee income by deepening client relationships across Wealth, Trust, Treasury, and Commercial derivative services Drive deposit-funded loan growth by expanding in existing and new markets and enhancing product and sol
Slide 5: Complementary Consumer/Commercial Franchise Fuels Loan Growth
Complementary Consumer/Commercial Franchise Fuels Loan Growth Organic Loan and Deposit Growth Note: data as of 3/31/2026; loan growth CAGR since 12/31/2021; total funding defined as customer deposits + FHLB borrowings + Fed Funds; industry defined as all publicly traded U.S. banks; peers defined as
Slide 6: Diversified Loan Portfolio Built for Growth
Diversified Loan Portfolio Built for Growth Organic Loan and Deposit Growth Note: data as of 3/31/2026; Healthcare is included in LCD CRE, Owner Occupied CRE, Improved Property CRE, and C&I Commercial & Industrial (C&I) Hiring and growth strategies focused on relationship banking Talent, support, an
Slide 7: Structural Deposit Funding Advantage Driving Sustained Growth
Structural Deposit Funding Advantage Driving Sustained Growth Favorable funding cost advantage of 1.77% as compared to 1.80% for peers Unique long-term deposit advantage generating $100+ million annually Granular, sticky core deposits support organic growth with average $30,000 deposit size and 10+
Slide 8: Wealth & Treasury Provide Capital-Light, Long-Term Growth Levers
(annualized) Treasury Management Deep legacy and expertise across Trust Services, Private Client, and Securities Brokerage Treasury Management capabilities for cash-flow optimization, earnings enhancement, and fraud-mitigation Back-to-back swap program provides interest rate risk mitigation for both
Slide 9: Disciplined Market Expansion Accretive to Shareholder Value
Disciplined Market Expansion Accretive to Shareholder Value Market Expansion & Distribution Note: data as of 3/31/2026; Premier Financial figures represent 12 months ending 3/31/2026 compared to the acquisition model published 7/26/2024 (acquisition closed 2/28/2025); MSA demographic data based on U
Slide 10: Proven LPO Strategy to Enter and Grow in Attractive Markets
Proven LPO Strategy to Enter and Grow in Attractive Markets Market Expansion & Distribution Stage 1 – Launch Select seasoned team (market leader + bankers) Focus on relationship-led commercial lending Access to credit, treasury, and wealth capabilities Centralized underwriting with consistent credit
Slide 11: Optimizing Our Delivery Channels for Efficiency and Growth
Optimizing Our Delivery Channels for Efficiency and Growth Evaluating financial center network annually to identify optimization opportunities Reinvesting resources in new locations in high-opportunity markets Evolving digital and branch delivery models to drive efficiency and elevate client experie
Slide 12: Growth and Expense Discipline Driving Positive Operating Leverage
(1) Growth and Expense Discipline Driving Positive Operating Leverage Disciplined expense management and investment aligned with growth priorities Technology and talent-enabled efficiency gains to streamline processes and boost productivity Focus on operating leverage for all strategic investments –
Slide 13: Well-Capitalized with Strategic Flexibility
Well-Capitalized with Strategic Flexibility Organic accretion of tangible book value of ~$0.75 per share and CET1 ratio of 5-10 basis points per quarter Capital levels exceed well-capitalized standards, supporting loan growth, dividends, and opportunistic investment Balanced approach to shareholder
Slide 14: Favorable Return Measures Compared to Peers
Favorable Return Measures Compared to Peers Sustainable Value Creation Note: data is year-to-date for dates specified; peers defined as all U.S. banks with total assets between $20B and $50B (source: S&P Capital IQ) and represent simple averages; non-interest expense does not exclude restructuring &
Slide 15: Favorable Credit Quality Measures Compared to Peers
Favorable Credit Quality Measures Compared to Peers Sustainable Value Creation Note: data as of period-end for dates specified; peers defined as all U.S. banks with total assets between $20B and $50B (source: S&P Capital IQ) and represent simple averages except criticized & classified loans as % of
Slide 16: Well-Positioned to Deliver Value Creation
Well-Positioned to Deliver Value Creation Business & Financial Outlook 2026 Outlook (as stated on 4/22/2026) 2025 Baseline 2026 (shown on an operating basis) Loans (end of period) $19,226MM Mid-single digit growth (annual) Total Commercial Loan Pipeline $1,200MM (as of 12/31/2025) $2,200MM (includes
Slide 17: Appendix
Appendix Ww WesBanco
Slide 18: 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
Slide 19: Experienced Management Team with Proven Execution Record
Experienced Management Team with Proven Execution Record Jeffrey H. Jackson President & Chief Executive Officer Daniel K. Weiss, Jr. Senior Executive Vice President & Chief Financial Officer CEO of the Corporation and Bank since 2023; previously served as President & COO Former EVP & COO of regional
Slide 20: Ensuring a strong financial institution for all of our stakeholders
Ensuring a strong financial institution for all of our stakeholders >7,300 jobs Created by New Markets Loan Program (total Tax Credit Allocations 2004-2024) $2.4 billion Community Development Lending (2020-2024) $133 million Community Reinvestment Act Investments (2024) $5.0 million Community Develo
Slide 21: First Quarter 2026 Highlights
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
Slide 22: Organic Growth Model Intact – Impacted by Elevated CRE Payoffs
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 an
Slide 23: Deposit Growth Remained Solid
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
Slide 24: Securities Portfolio
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
Slide 25: NIM Benefiting from Management of Funding Costs and Loan Growth
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
Slide 26: Fee Income Increased $7.2 Million, or 20.7%, Year-Over-Year
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
Slide 27: Expenses Declined $1.4 Million Sequentially Due to Cost Control
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,
Slide 28: Allowance Coverage Ratio of 1.10%
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 portfoli
Slide 29: Non-Interest Expense to Total Assets, Efficiency Ratio, & Operating Leverage
Non-Interest Expense to Total Assets, Efficiency Ratio, & Operating Leverage Note: “non-interest expense to total assets” are annualized by utilizing the actual numbers of days in the quarter versus the year; “efficiency ratio” is non-interest expense excluding restructuring and merger-related expen
Slide 30: Tangible Book Value per Share Reconciliation
Tangible Book Value per Share Reconciliation
Slide 31: Return on Average Assets Reconciliation
Return on Average Assets (1) Ratios are annualized by utilizing the actual numbers of days in the quarter versus the year Note: Current Expected Credit Losses (“CECL”) accounting standard adopted January 1, 2020 by WSBC; Premier Financial Corporation merger closed 2/28/2025 Reconciliation
Slide 32: Returns on Average Tangible Equity and Average Tangible Common Equity
Returns on Average Tangible Equity and Average Tangible Common Equity (1) Amortization of intangibles tax effected at 21% for all prior periods (2) Ratios are annualized by utilizing the actual numbers of days in the quarter versus the year Note: Current Expected Credit Losses (“CECL”) accounting st
Slide 33: Net Income and Diluted Earnings per Share (EPS) Reconciliation
Net Income and Diluted Earnings per Share (EPS) Reconciliation