WesBanco, Inc. · NASDAQ:WSBC
WesBanco — Q3 2025 Earnings Presentation
22 slides from WesBanco's earnings presentation, Oct 22, 2025
Slide 1: Third Quarter 2025 Earnings Call Presentation
Third Quarter 2025 Earnings Call Presentation 22 October 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: Q3 2025 Financial and Operational Highlights
Q3 2025 Financial and Operational Highlights Net interest margin of 3.53% and loan growth fully funded by deposits • Deposit growth fully funded loan growth Net Income Available to Common both year-over-year and sequentially Shareholders and Diluted EPS(1) • Total organic loan growth was 4.8% YoY $9
Slide 4: Key metrics
Q3 2025 Financial and Operational Highlights Key metrics Quarter Ending H / (L) H / (L) Year-to-Date H / (L) 9/30/2025 9/30/2024 6/30/2025 9/30/2025 9/30/2024 Return on Average Assets (1)(2) 1.30% 51bp 2bp 1.20% 47bp PTPP Return on Average Assets (1)(2) 1.69% 57bp (0bp) 1.63% 53bp Return on Average
Slide 5: Total Portfolio Loans
Q3 2025 Total Portfolio Loans Total organic loan growth of 4.8% year-over-year ($MM) $1,748 • Reflecting $5.9 billion of loans from PFC $5,887 ($5) and organic growth, total loans increased ($1,149) 52.0% YoY to $18.9 billion Comm'l Avg Comm'l Avg • Total organic loan growth was +4.8% YoY Payoff Yie
Slide 6: Total Deposits
Q3 2025 Total Deposits Deposit growth fully funded loan growth • Reflecting $6.9 billion of deposits from ($MM) PFC and organic growth, total deposits $1,280 $117 $25 $3,289 $(13) increased 53.8% YoY to $21.3 billion $2,749 • Deposit growth fully funded loan growth both year-over-year and sequential
Slide 7: Total Securities
Q3 2025 Total Securities Securities represent 16% of total assets ($MM) Equities • Tangible common equity to tangible assets 1% Held-to- ratio of 7.92%, which reflects the impact of Maturity 26% 96% States & Political Subdivisions the successful closing of the PFC acquisition 4% Other • Weighted ave
Slide 8: Net Interest Margin (NIM)
Q3 2025 Net Interest Margin (NIM) NIM benefiting from loan growth and management of funding costs Net Interest Margin QoQ Change (weighted) • Q2 2025 NIM of 3.53% improved 58 basis 0.01% 0.01% 0.00% points YoY, through a combination of (0.07%) (0.01%) higher loan and securities yields and lower fund
Slide 9: Non-Interest Income
Q3 2025 Non-Interest Income Fee income increased $15.3 million, or 51.5%, year-over-year • Non-interest income increased year-over- Quarter Ending % H / (L) % H / (L) year due primarily to the acquisition of PFC which drove higher service charges ($000s) 9/30/2025 9/30/2024 6/30/2025 on deposits, tr
Slide 10: Non-Interest Expense
Q3 2025 Non-Interest Expense Expenses declined $0.7 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) 9/30/2025 9/30/2024 6/30/2025 ▪ Marketing
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% 3.52% 3.52% 3.60% 3.60% 0.37% 2.36% 2.80% 3.32% 3.63% 3.22% 0.17% 0.22% 0.30% 0.31% 0.35% 9/30/2
Slide 12: Current Expected Credit Loss (CECL)
Q3 2025 Current Expected Credit Loss (CECL) Allowance coverage ratio of 1.15% • 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 ratio are fair market value adjustme
Slide 13: Strong Capital Position
Strong Capital Position Capital ratios above both regulatory and well-capitalized levels • On 9/10/2025, raised $230 million of Series B preferred stock through the issuance of 9.2 million depositary shares • $150 million of the proceeds will be used to redeem the Series A preferred stock, $50 milli
Slide 14: Appendix
Appendix ©2025 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) 9/30/2025 6/30/2025 9/30/2024 9/30/2025 9/30/2024 Income/(Loss) before (Benefit)/Provision for Income Taxes $103,310 $70,973 $44,773 $164,618 $123,177 Provision for Credit Losses 2,082 3,218 4,798 74,1
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) 9/30/2025 6/30/2025 9/30/2024 9/30/2025 9/30/2024 Net Income/(Loss) Available to Common Shareholders $81,042 $54,884 $34,741 $124,401 $94,287 Day 1 Provision for Credit Losse
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) 9/30/2025 6/30/2025 9/30/2024 9/30/2025 9/30/2024 Total Shareholders' Equity $4,116,527 $3,819,220 $2,801,585 $4,116,527 $2,801,585 Goodwill & Other Intangible Assets (net of deferred t
Slide 18: Efficiency Ratio
Reconciliation Efficiency Ratio Quarter Ending Year-to-Date ($000s) 9/30/2025 6/30/2025 9/30/2024 9/30/2025 9/30/2024 Non-Interest Expense $156,188 $186,535 $101,183 $476,689 $300,768 Restructuring & Merger-Related Expense (11,383) (41,056) (1,977) (72,449) (5,755) Non-Interest Expense (excluding re
Slide 19: Return on Average Assets
Reconciliation Return on Average Assets Quarter Ending Year-to-Date ($000s) 9/30/2025 6/30/2025 9/30/2024 9/30/2025 9/30/2024 Net Income/(Loss) Available to Common Shareholders $81,042 $54,884 $34,741 $124,401 $94,287 Day 1 Provision for Credit Losses on Acquired Loans (net of tax) $0 $0 $0 $46,926
Slide 20: Return on Average Tangible Equity
Reconciliation Return on Average Tangible Equity Quarter Ending Year-to-Date ($000s) 9/30/2025 6/30/2025 9/30/2024 9/30/2025 9/30/2024 Net Income/(Loss) Available to Common Shareholders $81,042 $54,884 $34,741 $124,401 $94,287 Amortization of Intangibles (tax effected at 21%) 6,656 7,271 1,622 17,26
Slide 21: 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 9/30/2025 Total Shareholders' Equity $1,122,132 $1,341,408 $1,395,321 $1,978,827 $2,593,921 $2,756,737 $2,693,166 $2,4
Slide 22: 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 9/30/2025 Total Shareholders' Equity $1,122,132 $1,341,408 $1,395,321 $1,978,827 $2,593,921 $2,756,737 $2,693,1