Wesbanco, Inc. · NASDAQ:WSBC
Wesbanco — IPO Roadshow (September 2025)
37 slides from Wesbanco's IPO roadshow presentation, Sep 10, 2025
Slide 1: Investor Presentation September 2025
Investor Presentation September 2025 Free Writing Prospectus Filed Pursuant to Rule 433 Registration Statement No. 333-270051 Dated September 10, 2025
Slide 2: 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
Slide 3: Registration Statement; No Offer or Solicitation
This presentation is neither an offer to sell nor a solicitation to purchase any securities of Wesbanco, Inc. (the “Company”). There will be no sale of securities in any jurisdiction in which such an offer, solicitation or sale would be unlawful prior to the registration or qualification under the s
Slide 4: Preliminary term sheet: Preferred Equity Offering
Preliminary term sheet Preferred Equity Offering Terms Issuer / Ticker WesBanco, Inc. / WSBC Security (Depositary shares 1/40) Non-Cumulative Perpetual Preferred Stock, Series B Expected Security Rating* BBB- by Kroll Bond Rating Agency / Ba2(hyb) by Moody’s Ratings Issuance Format SEC Registered Ap
Slide 5: Franchise overview
Franchise overview Note: All data as of 6/30/2025 except for market share and deposit rankings; market share based on 2024 deposit rankings and OH is WSBC+Premier Financial (“PFC”) (except Pittsburgh which is MSA) (exclusions: Pittsburgh MSA – BNY Mellon, Raymond James; MD – Forbright, Capital Fundi
Slide 6: Experienced management team
Experienced management team Deep Talent Mr. Jackson served as SEVP and COO of the Company and President and COO of the Bank from August 15, 2022 until August 1, 2023. He held multiple executive roles at First Horizon Bank. Mr. Jackson is a graduate from Auburn University. Jeffrey H. Jackson – Presid
Slide 7: Franchise-Enhancing Expansion
Targeted acquisitions in existing markets and new higher-growth metro areas, as well as a complementary LPO strategy Long-term focus on appropriate capital management to enhance shareholder value Strong capital and liquidity, along with strong regulatory compliance processes, provides ability to exe
Slide 8: Disciplined organic growth story augmented by M&A
Disciplined organic growth story augmented by M&A Historical Balance Sheet Growth Total Loans ($B) Total Deposits ($B) Tangible Common Equity ($B)(1) Total Assets ($B) CAGR 15% CAGR 21% CAGR 14% CAGR 10% Note: Data shown at period-end for each date presented. (1) Non-GAAP measure – please see reconc
Slide 9: Stronghold in Attractive Markets
n Continued market share in strong markets Stronghold in Attractive Markets Top 10 Markets Today Top 10 Markets in 2020 Growth Trends Household Income Population Note: Data for “Today” as of 6/30/2024; growth trends are deposit weighted by state deposit market share; historical growth trends shown f
Slide 10: Differentiated and competitive deposit profile
Differentiated and competitive deposit profile Note: Historical financial data as of 12/31 for each year presented and latest available data for each quarter presented; Organic CAGR excludes acquisitions during the last 5 years; peer bank group includes all U.S. banks with total assets of $20B to $5
Slide 11: Trust & Investment Services and Securities Brokerage
Trust & Investment Services AUM (Market Value as of 12/31) ($B) Securities Brokerage $2.6B in account value 11,700+ accounts* Securities investment sales Investment advisory services Licensed banker and regional player/coach programs Expansion opportunities in KY, IN, and Mid-Atlantic markets, as we
Slide 12: Track-record of expense control
Track-record of expense control with on-going enhancement efforts Note: Historical financial data as of 12/31 for each year presented; current year data as of 6/30/2025 year-to-date; balance sheet data as of period ends. (1) Non-GAAP measure – please see reconciliation in appendix; non-interest expe
Slide 13: Strong legacy of credit and risk management and regulatory compliance
Strong legacy of credit and risk management and regulatory compliance Based upon conservative underwriting standards and approval processes supported by centralized back-office and loan funding functions Mature enterprise risk management program headed by Chief Risk Officer addressing key risks in a
Slide 14: Investment highlights
Investment highlights Competitive Advantages Leading regional bank with a diversified, relationship-based lending model Disciplined organic growth model supported by prudent LPO strategy and targeted M&A opportunities High quality franchise with significant presence in attractive urban markets Disti
Slide 15: Q2 2025 highlights
Successfully converted the customer data systems for the bank and trust department of PFC Net interest margin of 3.59% reflects the benefit of PFC’s interest mark accretion, the first quarter’s securities restructuring, and lower funding costs Total loan growth was 3.3% over the sequential quarter,
Slide 16: Total loans increased 53.6% YoY to $18.8 billion
Reflecting $5.9 billion of loans from PFC and organic growth, total loans increased 53.6% YoY to $18.8 billion Total organic loan growth was +5.5% YoY and +0.8% (or +3.3% annualized) QoQ, reflecting the strength of WesBanco’s new and legacy markets and teams Total organic commercial loan growth was
Slide 17: Loan portfolio composition
Loan portfolio composition Evolution of the Loan Portfolio Loan Portfolio Composition Q4 2024 (Before PFC) Q2 2025 (With PFC) $12.7 Billion $18.8 Billion Q2 2025 Commercial Loan Risk Grades No “Classified – Doubtful” loans Note: Financial data as of quarter end (Source: S&P Capital IQ Pro). Yield on
Slide 18: Geography & industry breakdown
Geography & industry breakdown Commercial Portfolio Commercial & Industrial Portfolio Commercial Real Estate Portfolio (1) Geography Breakdown Industry Breakdown Note: Geography and Industry loan data as of 6/30/2025. (1) Commercial real estate portfolio include land / construction and improved prop
Slide 19: Maturity schedule: Non-Owner Occupied CRE Portfolio
Maturity schedule Non-Owner Occupied Commercial Real Estate Portfolio Note: Data as of 6/30/2025. (Dollars in millions)
Slide 20: Favorable asset quality measures compared to peers
Favorable asset quality measures compared to peer bank group Note: Financial data as of period ending for dates specified; data as of 12/31 where no quarter or “YTD” mentioned; peer bank group includes all U.S. banks with total assets of $20B to $50B from S&P Capital IQ (as of 8/19/2025) and represe
Slide 21: Highly liquid securities portfolio
Highly liquid securities portfolio Securities Q4 2024 (Before PFC) Q2 2025 (With PFC) 2025 Q2 Portfolio Composition AFS and HTM Securities ($000) $4,292 $3,399 $3,391 $3,282 Source: S&P Capital IQ as of 6/30/2025. (1) “Other” includes AFS and HTM Corporate Debt Securities, HTM U.S. Government Sponso
Slide 22: Year-over-year organic deposit growth fully funded loan growth
Year-over-year organic deposit growth fully funded loan growth Note: “Uninsured deposits” are approximated; “collateralized municipal deposits” are collateralized by securities. Reflecting $6.9 billion of deposits from PFC and organic growth, total deposits increased 57.5% YoY to $21.2 billion Year-
Slide 23: NIM benefiting from loan growth and management of funding costs
NIM benefiting from loan growth and management of funding costs Q2 2025 NIM of 3.59% improved 24 basis points QoQ and 64 basis points YoY, through a combination of higher loan and securities yields, lower funding costs, and purchase accounting accretion Purchase accounting accretion benefited the Q2
Slide 24: Non-interest income increased year-over-year
Non-interest income increased year-over-year due primarily to the acquisition of PFC which drove higher service charges on deposits, trust fees, mortgage banking income, digital banking income, and bank-owned life insurance Service charges on deposits reflect the addition of PFC, fee income from new
Slide 25: Capital ratios above regulatory and well-capitalized levels
Capital ratios above both regulatory and well-capitalized levels Note: Capital ratios enhanced by August 2020 preferred stock issuance of $150MM and August 2024 common equity raise of $200MM (in conjunction with the acquisition of Premier Financial Corp.); effective 4Q2019, Tier 1 Capital Ratios neg
Slide 26: Comparable operating measures to peer bank group
Comparable operating measures to peer bank group Note: Financial data is year-to-date for dates specified; peer bank group includes all U.S. banks with total assets of $20B to $50B from S&P Capital IQ (as of 8/19/2025 and represent simple averages; NIM (fully taxable-equivalent (FTE) and annualized
Slide 27: Static impact to regulatory capital ratios
Static impact to regulatory capital ratios Illustrative Capital Model Impact Summary The table below reflects the pro forma static capital impact associated with following: The issuance of $200mm tier 1 qualifying, non-cumulative preferred equity The simultaneous paydown of WSBC’s $50mm subordinated
Slide 28: WesBanco Appendix
Ww . WesBanco Appendix (©2025 WesBanco, Inc. | All rights reserved
Slide 29: Double leverage and interest coverage
Double leverage and interest coverage Illustrative Capital Model Impact Summary Net proceeds from the proposed offering assuming a $200 million gross offering size, 3.15% underwriting spread and $700K of other offering related expenses. Net quarterly interest expense savings after the redemption of
Slide 30: NII and EVE shock analysis
NII and EVE shock analysis Positioning the Company For A More Neutral Balance Sheet NII Shock Analysis EVE Shock Analysis Immediate Change In Interest Rates (bps) (20.0%) ALCO Guidelines (15.0%) (10.0%) (7.5%) (7.5%) (10.0%) Immediate Change In Interest Rates (bps) (40.0%) ALCO Guidelines (30.0%) (2
Slide 31: Allowance coverage ratio of 1.19%
Allowance coverage ratio of 1.19% Note: ACL at 6/30/2025 excludes off-balance sheet credit exposures of $6.2 million. The allowance for credit losses on loans was $223.9 million at 6/30/2025, which provided a coverage ratio of 1.19% Excluded from the allowance for credit losses and related coverage
Slide 32: Tangible common equity to tangible assets
Tangible common equity to tangible assets Note: Premier Financial Corporation merger closed February 2025 Reconciliation
Slide 33: Return on average assets
Return on average assets Note: (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; Old Line Bancshares merger closed November 2019. Reconciliation
Slide 34: Return on average tangible common equity
Return on average tangible common equity Reconciliation Note: (1) Amortization of intangibles tax effected at 21% for all prior periods. Note: (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 35: Non-interest expense to total assets and efficiency ratio
Non-interest expense to total assets and efficiency ratio Reconciliation 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 expense d
Slide 36: Net income and diluted earnings per share (EPS)
Net income and diluted earnings per share (EPS) Reconciliation
Slide 37: Pre-tax income excl. restructuring and merger related expenses
Pre-tax income excl. restructuring and merger related expenses Reconciliation