Wesbanco, Inc. · NASDAQ:WSBC
Wesbanco — Q4 2025 Earnings Presentation
22 slides from Wesbanco's earnings presentation, Jan 28, 2026
Slide 1: Fourth Quarter 2025 Earnings Call Presentation
Fourth Quarter 2025 Earnings Call Presentation 27 January 2026
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
Slide 3: Q4 2025 Financial and Operational Highlights
Q4 2025 Financial and Operational Highlights 2025 was another year of disciplined growth and strong execution • Full year diluted EPS(1) of $3.40, increased Net Income Available to Common 45% compared to the prior year Shareholders and Diluted EPS(1) • Net interest margin of 3.61% increased 58 $80.9
Slide 4: Key metrics
Q4 2025 Financial and Operational Highlights Key metrics Quarter Ending H / (L) H / (L) Year-to-Date H / (L) 12/31/2025 12/31/2024 9/30/2025 12/31/2025 12/31/2024 Return on Average Assets (1)(2) 1.17% 15bp (13bp) 1.19% 38bp PTPP Return on Average Assets (1)(2) 1.75% 41bp 6bp 1.67% 51bp Return on Ave
Slide 5: Total Portfolio Loans
Q4 2025 Total Portfolio Loans Total organic loan growth of 5.2% YoY and 6.2% QoQ annualized ($MM) • Reflecting $5.9 billion of loans from PFC and organic growth, total loans increased $5,913 $2,259 ($1) 51.9% YoY to $19.2 billion ($1,601) Comm'l Avg Comm'l Avg • Total organic loan growth was +5.2% Y
Slide 6: Total Deposits
Q4 2025 Total Deposits Deposit growth fully funded loan growth both YoY and QoQ • Deposit growth fully funded loan growth ($MM) $187 both year-over-year and sequentially $1,203 $253 $3,250 $(55) $2,697 • Reflecting $6.9 billion of deposits from PFC and organic growth of 4.7%, total $21,669 deposits
Slide 7: Total Securities
Q4 2025 Total Securities Securities represent 16% of total assets Equities • Tangible common equity to tangible assets ($MM) 1% Held-to- ratio(1) of 8.13%, which reflects the impact of Maturity 25% 97% States & Political Subdivisions the successful closing of the PFC acquisition 3% Other • Weighted
Slide 8: Net Interest Margin (NIM)
Q4 2025 Net Interest Margin (NIM) NIM benefiting from loan growth and management of funding costs NIM Component QoQ Change (weighted) • Q4 2025 NIM of 3.61% improved 58 basis 0.05% 0.10% 0.00% points YoY, through a combination of (0.05%) (0.02%) higher loan and securities yields and lower funding co
Slide 9: Non-Interest Income
Q4 2025 Non-Interest Income Fee income increased $6.9 million, or 18.9%, year-over-year • Non-interest income increased 18.9% Quarter Ending % H / (L) % H / (L) YoY due primarily to the acquisition of PFC which drove higher service charges ($000s) 12/31/2025 12/31/2024 9/30/2025 on deposits, trust f
Slide 10: Non-Interest Expense
Q4 2025 Non-Interest Expense Expenses declined $0.4 million sequentially due to cost control • Non-interest expense, excluding merger Quarter Ending % H / (L) % H / (L) and restructuring charges, decreased sequentially from discretionary cost control ($000s) 12/31/2025 12/31/2024 9/30/2025 ▪ Marketi
Slide 11: Strong Legacy of Credit Quality
Strong Legacy of Credit Quality Favorable asset quality measures compared to peer bank group Criticized & Classified Loans as % of Total Loans Non-Performing Assets as % of Total Assets 0.40% 0.39% 0.41% 0.41% 3.52% 3.60% 3.60% 3.57% 2.80% 3.32% 3.63% 3.22% 3.15% 0.22% 0.30% 0.31% 0.35% 0.33% 12/31/
Slide 12: Current Expected Credit Loss (CECL)
Q4 2025 Current Expected Credit Loss (CECL) Allowance coverage ratio of 1.14% • The allowance for credit losses on loans was $218.7 million at 12/31/2025, which provided a coverage ratio of 1.14% • Excluded from the allowance for credit losses and related coverage ratio are fair market value adjustm
Slide 13: Strong Capital Position
Strong Capital Position Capital ratios above both regulatory and well-capitalized levels • 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
Slide 14: Appendix
Appendix ©2026 WesBanco Inc. | All rights reserved
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) 12/31/2025 9/30/2025 12/31/2024 12/31/2025 12/31/2024 Income/(Loss) before (Benefit)/Provision for Income Taxes $114,620 $103,310 $61,937 $279,238 $185,114 Provision for Credit Losses 3,059 2,082 (147)
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) 12/31/2025 9/30/2025 12/31/2024 12/31/2025 12/31/2024 Net Income/(Loss) Available to Common Shareholders $78,162 $81,042 $47,098 $202,564 $141,385 Restructuring and Merger-Re
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) 12/31/2025 9/30/2025 12/31/2024 12/31/2025 12/31/2024 Total Shareholders' Equity $4,031,913 $4,116,527 $2,790,281 $4,031,913 $2,790,281 Goodwill & Other Intangible Assets (net of deferr
Slide 18: Efficiency Ratio
Reconciliation Efficiency Ratio Quarter Ending Year-to-Date ($000s) 12/31/2025 9/30/2025 12/31/2024 12/31/2025 12/31/2024 Non-Interest Expense $147,888 $156,188 $101,104 $624,575 $401,871 Amortization of Intangibles (7,217) (8,425) (2,034) (29,070) (8,251) Restructuring & Merger-Related Expense (3,4
Slide 19: Return on Average Assets
Reconciliation Return on Average Assets Quarter Ending Year-to-Date ($000s) 12/31/2025 9/30/2025 12/31/2024 12/31/2025 12/31/2024 Net Income/(Loss) Available to Common Shareholders $78,162 $81,042 $47,098 $202,564 $141,385 Day 1 Provision for Credit Losses on Acquired Loans (net of tax) $0 $0 $0 $46
Slide 20: Return on Average Tangible Equity
Reconciliation Return on Average Tangible Equity Quarter Ending Year-to-Date ($000s) 12/31/2025 9/30/2025 12/31/2024 12/31/2025 12/31/2024 Net Income/(Loss) Available to Common Shareholders $78,162 $81,042 $47,098 $202,564 $141,385 Amortization of Intangibles (tax effected at 21%) 5,701 6,656 1,607
Slide 21: Tangible Common Equity to Tangible Assets
Reconciliation Tangible Common Equity to Tangible Assets Period Ending ($000s) 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025 Total Shareholders' Equity $1,122,132 $1,341,408 $1,395,321 $1,978,827 $2,593,921 $2,756,737 $2,693,
Slide 22: Tangible Equity to Tangible Assets
Reconciliation Tangible Equity to Tangible Assets Period Ending ($000s) 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025 Total Shareholders' Equity $1,122,132 $1,341,408 $1,395,321 $1,978,827 $2,593,921 $2,756,737 $2,693,166 $2,