Wesbanco, Inc. · NASDAQ:WSBC
Wesbanco — Investor Presentation (February 2026)
33 slides from Wesbanco's investor presentation, Feb 11, 2026
Slide 1: Q1 2026 Investor Presentation
Q1 2026 Investor Presentation (WSBC financials as of the three months ended December 31, 2025) John Iannone Senior Vice President & Director of Investor Relations 304-905-7021 Note: update footnote copyright year annually
Slide 2: Strong and diversified market presence across diverse geographies
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 3: Investment Rationale
Broad and diversified loan and deposit distribution across footprint Full suite of commercial and consumer banking capabilities 100+ year-old wealth management business with $10.4B under management Robust legacy deposit base provides core funding and pricing advantages Streamlining through digitizat
Slide 4: Organic growth-oriented business model: 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 5: Diversified growth strategy built upon relationships and credit quality
Focus on strategic diversification and growth built upon with prudent underwriting standards Focus on relationship lending that includes deposits and fee-based services Commercial lending focus combined with a solid residential lending program Healthcare vertical launched during 2024 to serve the co
Slide 6: Strong capabilities built upon a century of success
Securities Brokerage $2.5B in account value 11,800+ accounts* Wide-range of investment services and products to individuals and companies Securities investment sales, investment advisory services, financial and retirement planning, and college funding plans Member of FINRA Trust & Investment Service
Slide 7: New capabilities with long-term growth opportunities: Treasury Management
New capabilities with long-term growth opportunities Treasury Management Building comprehensive relationships by strategically partnering with commercial and business bankers to provide business clients with individualized services to improve cash flow management, increase earning power, and strengt
Slide 8: 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 (excluding FINN) from S&P Capital IQ (as of 2/2/2026) and represe
Slide 9: Franchise-Enhancing Expansion
Focus on continued expansion of successful loan production office (“LPO”) strategy in new higher-growth metro areas Long-term focus on appropriate capital management to enhance shareholder value Strong capital and liquidity, along with strong regulatory compliance processes, provides ability to exec
Slide 10: 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 12/31/2025 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
Slide 11: Capital management strategy focused on dividends and loan growth
Capital management strategy focused on dividends and loan growth followed by share repurchases and, lastly, shareholder-enhancing acquisitions Q4 2025 dividend yield 4.1%, compared to 3.6% for bank group ~0.9 million shares continue to remain for repurchase (as of 12/31/2025)(1) Organic generation o
Slide 12: WesBanco Financial Overview
Ww . . . WesBanco Financial Overview ©2026 WesBanco, Inc. | All rights reservec d
Slide 13: Full year diluted EPS of $3.40, increased 45%
Full year diluted EPS(1) of $3.40, increased 45% compared to the prior year Net interest margin of 3.61% increased 58 basis points year-over-year reflecting higher earning asset yields and lower funding costs Total organic loan growth was 5.2% YoY and 6.2% QoQ annualized Commercial real estate payof
Slide 14: Total loans increased 51.9% YoY to $19.2 billion
Reflecting $5.9 billion of loans from PFC and organic growth, total loans increased 51.9% YoY to $19.2 billion Total organic loan growth was +5.2% YoY and +1.6% (or +6.2% annualized) QoQ, reflecting the strength of WesBanco’s organic growth-oriented business model CRE loan payoffs totaled approximat
Slide 15: NIM benefiting from loan growth and management of funding costs
NIM benefiting from loan growth and management of funding costs Q4 2025 NIM of 3.61% improved 58 basis points YoY, through a combination of higher loan and securities yields and lower funding costs NIM increased 8 basis points on a sequential quarter basis due primarily to lower Federal Home Loan Ba
Slide 16: Strong operating measures compared to peer bank group
Strong operating measures compared 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 annual
Slide 17: 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 2/2/2026) and represent simple averages except criticized & classified loan
Slide 18: WesBanco Appendix
Ww ; WesBanco Appendix ©2026 WesBanco, Inc. | All rights reservec d
Slide 19: 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 20: Successful integration of Premier Financial Corp. acquisition
Core EPS Accretion Net Interest Margin Efficiency Ratio Return on Average Assets Tier 1 Leverage Ratio Total Risk-Based Capital Ratio Successful integration of Premier Financial Corp. acquisition Differentiated Regional Financial Services Institution Note: Acquisition Presentation metrics filed with
Slide 21: Digital banking utilization and acquisition
Digital banking utilization ~75% of retail customers utilize online digital banking services ~5.9 million web and mobile logins per month ~400,000 mobile wallet transactions, ~75,000 Zelle® payments, and ~37,000 mobile deposits per month Digital acquisition ~40% of residential mortgage applications
Slide 22: Ensuring a strong financial institution for all of our stakeholders
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 23: Q4 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 Q4 2025 Financial and Operational Highlights [slide same as 1/27/2026 disclosure and
Slide 24: Deposit growth fully funded loan growth both YoY and QoQ
Deposit growth fully funded loan growth both YoY and QoQ Note: “uninsured deposits” are approximated; “collateralized municipal deposits” are collateralized by securities Deposit growth fully funded loan growth both year-over-year and sequentially Reflecting $6.9 billion of deposits from PFC and org
Slide 25: Q4 2025 Total Securities
Tangible common equity to tangible assets ratio(1) of 8.13%, which reflects the impact of the successful closing of the PFC acquisition Weighted average yield 3.23% vs. 2.63% last year Weighted average duration 4.3 Total unrealized securities losses (after-tax): Available for Sale (“AFS”) = $142MM H
Slide 26: Non-interest income increased 18.9% YoY
Non-interest income increased 18.9% YoY due primarily to the acquisition of PFC which drove higher service charges on deposits, trust fees, digital banking income, and bank-owned life insurance Service charges on deposits reflect the addition of PFC, fee income from new products and services and tre
Slide 27: Expenses declined $0.4 million sequentially due to cost control
Expenses declined $0.4 million sequentially due to cost control Q4 2025 Non-Interest Expense Non-interest expense, excluding merger and restructuring charges, decreased sequentially from discretionary cost control Marketing expense decreased quarter-over-quarter as Q3 2025 was higher in support of o
Slide 28: Allowance coverage ratio of 1.14%
Allowance coverage ratio of 1.14% Note: ACL at 12/31/2025 excludes off-balance sheet credit exposures of $7.0 million 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
Slide 29: 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 30: Pre-Tax, Pre-Provision Income and Ratios Reconciliation
Pre-Tax, Pre-Provision Income (“PTPP”) and Ratios Reconciliation
Slide 31: Net Income and Diluted EPS Reconciliation
Net Income and Diluted Earnings per Share (“EPS”) Reconciliation
Slide 32: 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 33: 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