Wesbanco, Inc. · NASDAQ:WSBC
Wesbanco — Investor Presentation (November 2025)
38 slides from Wesbanco's investor presentation, Nov 5, 2025
Slide 1: Q4 2025 Investor Presentation
Q4 2025 Investor Presentation (WSBC financials as of the three months ended September 30, 2025) John Iannone Senior Vice President & Director of Investor Relations 304-905-7021 Note: update footnote copyright year annually
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: Differentiated Regional Financial Services Institution
Strong and diversified market presence across economically diverse geographies that supports disciplined organic growth Top 100 U.S. bank, based on total assets Granular core deposit funding base supports robust commercial and consumer business model Differentiated and competitive deposit profile Di
Slide 4: Investment Rationale: Broad and Diversified
Broad and diversified loan and deposit distribution across contiguous eight state footprint, with complementary loan production office strategy Full suite of commercial and consumer banking capabilities, complemented by a wealth management business with a 100+ year track-record of success managing a
Slide 5: Meaningful valuation upside potential plus an ~5% dividend yield
Meaningful valuation upside potential plus an ~5% dividend yield Note: peer bank group includes all U.S. banks with total assets of $20B to $50B (excluding FFIN); stock prices, P/E (price to earnings) ratios, and EPS consensus (WSBC $3.77) from FactSet (as of 11/3/2025); dividend yield (please see s
Slide 6: Strategies for Long-Term Success
Strategies for Long-Term Success
Slide 7: Long-Term Growth Strategies
Organic growth-oriented business model Long-Term Growth Strategies Focus on Delivering Positive Operating Leverage Strong Legacy of Credit, Capital, and Risk Management Diversified Loan Portfolio Built upon a Relationship Focused Model Distinct Revenue Capabilities, Led by 100+ Year Wealth Managemen
Slide 8: Focus on strategic diversification and growth built upon strong credit quality
Focus on strategic diversification and growth built upon strong credit quality Balance disciplined loan origination with prudent underwriting standards Focus on relationship lending Key offerings include loan swaps, treasury management, foreign exchange, cyber security, and lockbox services Strong r
Slide 9: Wealth management: securities brokerage and trust services
Securities Brokerage $2.6B in account value 11,800+ accounts* Securities investment sales Investment advisory services Licensed banker and regional player/coach programs Expansion opportunities in KY, IN, and Mid-Atlantic markets, as well as external business development opportunities Trust & Invest
Slide 10: New capabilities with long-term growth opportunities: Treasury Management
New capabilities with long-term growth opportunities Treasury Management Focus on building comprehensive business customer relationships by providing individualized services to improve cash flow management, increase earning power, and strengthen fraud protection for clients Key Treasury Management s
Slide 11: Digital banking utilization
Digital banking utilization ~75% of retail customers utilize online digital banking services ~5.7 million web and mobile logins per month ~385,000 mobile wallet transactions, ~69,000 Zelle® payments, and ~36,000 mobile deposits per month Digital acquisition ~40% of residential mortgage applications
Slide 12: Differentiated and competitive deposit profile
Differentiated and competitive deposit profile Note: quarterly financial data; organic CAGR excludes acquisitions during the last 5 years (please see slide 12); peer bank group includes all U.S. banks with total assets of $20B to $50B from S&P Capital IQ (as of 11/3/2025) and represent simple averag
Slide 13: Franchise-Enhancing Expansion
Targeted acquisitions in existing markets and new higher-growth metro areas, as well as a complementary loan production office (“LPO”) strategy Long-term focus on appropriate capital management to enhance shareholder value Strong capital and liquidity, along with strong regulatory compliance process
Slide 14: Delivering Positive Operating Leverage
(1) Track-record of expense control with on-going enhancement efforts Note: financial data as of 12/31; current year data as of 9/30/2025 year-to-date; balance sheet data as of period ends (1) Non-GAAP measure – please see reconciliation in appendix; non-interest expense excludes restructuring and m
Slide 15: 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 16: Commitment to Sustainability
Ensuring a strong financial institution for all of our stakeholders Note: data as of 12/31/2024 except Board diversity (as of 4/16/2025) and financial center reduction (as of 1/31/2025) and compared to 12/31/2019); “CRA” is Community Reinvestment Act; “key senior executive leadership” defined as the
Slide 17: National accolades
WesBanco was one of just 300 public companies being named to Forbes’ inaugural list of the Most Trusted Companies in America Newsweek again named WesBanco Bank one of America’s Best Regional Banks, based on soundness, profitability, and positively impacting their communities For the third consecutiv
Slide 18: WesBanco Financial Overview
Ww . . . WesBanco Financial Overview ©2025 WesBanco, Inc. | All rights reservec d
Slide 19: Deposit growth fully funded loan growth
Deposit growth fully funded loan growth both year-over-year and sequentially Total organic loan growth was 4.8% YoY and 2.2% QoQ annualized Commercial real estate payoffs increased to approximately $235 million during Q3 Net interest margin of 3.53% increased 58 basis points year-over-year reflectin
Slide 20: Total loans increased 52.0% YoY to $18.9 billion
Reflecting $5.9 billion of loans from PFC and organic growth, total loans increased 52.0% YoY to $18.9 billion Total organic loan growth was +4.8% YoY and +0.5% (or +2.2% annualized) QoQ, reflecting the strength of WesBanco’s new and legacy markets and teams CRE loan payoffs totaled approximately $4
Slide 21: Q3 2025 Total Deposits
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 53.8% YoY to $21.3 billion Deposit growth fully funded l
Slide 22: NIM benefiting from loan growth and management of funding costs
NIM benefiting from loan growth and management of funding costs Q2 2025 NIM of 3.53% improved 58 basis points YoY, through a combination of higher loan and securities yields and lower funding costs As expected, the NIM declined 6 basis points on a sequential quarter basis due to the repricing of PFC
Slide 23: 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 24: Q3 2025 Non-Interest Expense
Expenses declined $0.7 million sequentially due to cost control Q3 2025 Non-Interest Expense Non-interest expense, excluding merger and restructuring charges, decreased sequentially from discretionary cost control Marketing expense increased quarter-over-quarter in support of our deposit campaign No
Slide 25: 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 11/3/2025 and represent simple averages; NIM (fully taxable-equivalent (FTE) and annualized
Slide 26: Favorable asset quality measures compared to peer bank group
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 from S&P Capital IQ (as of 11/3/2025) and represent simple averages except criticized & classified loa
Slide 27: Critical, long-term focus on shareholder return
Critical, long-term focus on shareholder return Note: dividend through August 2025 declaration announcement; WSBC dividend yield based upon 10/31/2025 closing stock price of $30.10; peer bank group includes all U.S. banks with total assets of $20B to $50B (as of most recent period) from S&P Capital
Slide 28: WesBanco Appendix
Ww ; WesBanco Appendix ©2025 WesBanco, Inc. | All rights reservec d
Slide 29: Q3 2025 Financial and Operational Highlights
Key metrics Note: PTPP = pre-tax, pre-provision Non-GAAP measure – please see reconciliation in appendix Excludes restructuring and merger-related expenses and/or day 1 provision for credit losses on acquired loans Q3 2025 Financial and Operational Highlights
Slide 30: Q3 2025 Total Securities
Tangible common equity to tangible assets ratio of 7.92%, which reflects the impact of the successful closing of the PFC acquisition Weighted average yield 3.20% vs. 2.57% last year Weighted average duration 4.2 Total unrealized securities losses (after-tax): Available for Sale (“AFS”) = $155MM Held
Slide 31: Q3 2025 Current Expected Credit Loss (CECL)
Allowance coverage ratio of 1.15% Note: ACL at 9/30/2025 excludes off-balance sheet credit exposures of $7.6 million The allowance for credit losses on loans was $217.7 million at 9/30/2025, which provided a coverage ratio of 1.15% Excluded from the allowance for credit losses and related coverage r
Slide 32: Non-Interest Expense to Total Assets and Efficiency Ratio Reconciliation
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 33: Pre-Tax, Pre-Provision Income (PTPP) and Ratios Reconciliation
Pre-Tax, Pre-Provision Income (PTPP) and Ratios Reconciliation
Slide 34: Net Income and Diluted EPS Reconciliation
Net Income and Diluted Earnings per Share (EPS) Reconciliation
Slide 35: Tangible Book Value per Share Reconciliation
Tangible Book Value per Share Reconciliation
Slide 36: 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 February 2025 Reconciliation
Slide 37: Return on Average Tangible Equity Reconciliation
Return on Average Tangible Equity Reconciliation (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 standard adopted Januar
Slide 38: Return on Average Tangible Common Equity Reconciliation
Return on Average Tangible Common Equity Reconciliation (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 standard adopted