Wesbanco, Inc. · NASDAQ:WSBC

Wesbanco — Q1 2025 Earnings Presentation

21 slides from Wesbanco's earnings presentation, Apr 29, 2025

Slide 1: First Quarter 2025 Earnings Call Presentation
First Quarter 2025 Earnings Call Presentation 29 April 2025
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: Q1 2025 Financial and Operational Highlights
Q1 2025 Financial and Operational Highlights Successful acquisition of PFC; strong organic loan and deposit growth • Successfully closed the acquisition of Net Income Available to Common Premier Financial (“PFC”) on 2/28/2025 Shareholders and Diluted EPS(1)  Significant economies of scale and stron
Slide 4: Key metrics
Q1 2025 Financial and Operational Highlights Key metrics Note: PTPP = pre-tax, pre-provision ©2025 WesBanco Inc. | All rights reserved 4 (1) Non-GAAP measure – please see reconciliation in appendix (2) Excludes restructuring and merger-related expenses and/or day 1 provision for credit losses on acq
Slide 5: Current Expected Credit Loss (CECL)
Q1 2025 Current Expected Credit Loss (CECL) Allowance coverage ratio of 1.25% • The allowance for credit losses on loans was $233.6 million at 3/31/2025, which provided a coverage ratio of 1.25% • Excluded from the allowance for credit losses and related coverage ratio are fair market value adjustme
Slide 6: Total Portfolio Loans
Q1 2025 Total Portfolio Loans Total organic loan growth of $0.9 billion year-over-year • Reflecting $5.9 billion of loans from PFC and organic growth, total loans increased 57.3% YoY to $18.7 billion • Total organic loan growth was +7.8% YoY and +1.1% (or +4.4% annualized) QoQ, which was driven by c
Slide 7: Total Deposits
Q1 2025 Total Deposits Strong organic deposit growth fully funded strong loan growth • Reflecting $6.9 billion of deposits from PFC and organic growth, total deposits increased 57.8% YoY to $21.3 billion • Strong sequential quarter organic deposit growth of $285 million fully funded solid loan growt
Slide 8: Total Securities
Q1 2025 Total Securities Restructuring of PFC securities portfolio improves average yield • Tangible common equity to tangible assets ratio of 7.47%, which reflects the impact of the successful closing of the PFC acquisition • Sold $775 million of acquired PFC securities and replaced with purchases
Slide 9: Net Interest Margin (NIM)
Q1 2025 Net Interest Margin (NIM) NIM benefiting from loan growth and management of funding costs • Q1 2025 NIM of 3.35% improved 32 basis points from the fourth quarter and 43 basis point from the prior year period, through a combination of higher loan and securities yields, lower funding costs, an
Slide 10: Non-Interest Income
Q1 2025 Non-Interest Income Fee income increased $4.0 million, or 13%, year-over-year • Non-interest income increased year-over- year due primarily to the acquisition of PFC which drove higher service charges on deposits, bank-owned life insurance (“BOLI”), digital banking income, and trust fees • S
Slide 11: Non-Interest Expense
Q1 2025 Non-Interest Expense Focused on efficiency gains to support positive operating leverage • Non-interest expense, excluding merger and restructuring charges, increased 17% YoY primarily due to the addition of the PFC expense base associated with approximately 900 employees and 70 financial cen
Slide 12: 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 0.37% 0.39% 3.50% 3.57% 3.29% 2.95% 0.30% 0.30% 2.30% 2.15% 2.36% 2.80% 3.32% 0.19% 0.20% 0.17% 0.22% 0.30% 3/31/2
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 • ~1.0 million shares continue to remain
Slide 20: Return on Average Tangible Equity
Reconciliation Return on Average Tangible Equity (1) three-, six-, and nine-month (as applicable) figures are annualized ©2025 WesBanco Inc. | All rights reserved 20
Slide 21: Tangible Equity and Tangible Common Equity to Tangible Assets
Reconciliation Tangible Equity and Tangible Common Equity to Tangible Assets Note: Premier Financial Corporation merger closed February 2025; Old Line Bancshares merger closed November 2019; Farmers Capital Bank Corporation merger closed August 2018; First Sentry Bancshares merger closed April 2018;

WesBanco — Q1 2025 Earnings Presentation on 6ix

Wesbanco — Q1 2025 Earnings Presentation

Slide 1: First Quarter 2025 Earnings Call Presentation

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

Slide 3: Q1 2025 Financial and Operational Highlights

Slide 4: Key metrics

Slide 5: Current Expected Credit Loss (CECL)

Slide 6: Total Portfolio Loans

Slide 7: Total Deposits

Slide 8: Total Securities

Slide 9: Net Interest Margin (NIM)

Slide 10: Non-Interest Income

Slide 11: Non-Interest Expense

Slide 12: Strong Legacy of Credit Quality

Slide 13: Strong Capital Position

Slide 14: Appendix

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

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

Slide 17: Tangible Book Value per Share

Slide 18: Efficiency Ratio

Slide 19: Return on Average Assets

Slide 20: Return on Average Tangible Equity

Slide 21: Tangible Equity and Tangible Common Equity to Tangible Assets