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 Note: update footnote copyright year annually
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
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 4: Key metrics
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 5: Total organic loan growth of 4.8% year-over-year
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 6: Deposit growth fully funded loan growth
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 7: 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 8: 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 9: Fee income increased 51.5% 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 10: Expenses declined $0.7 million sequentially due to cost control
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 11: 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 (excluding FINN) from S&P Capital IQ (as of 9/30/2025) and represent simple averages except criticized
Slide 12: Allowance coverage ratio of 1.15%
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 13: Capital ratios above both regulatory and well-capitalized levels
Capital ratios above both regulatory and well-capitalized levels Note: financial data as of quarter ending 12/31; current year data as of 9/30/2025 and reflects successful acquisition of PFC; WSBC adopted Current Expected Credit Losses (“CECL”) accounting standard on 1/1/2020; in conjunction with th
Slide 14: WesBanco Appendix
Ww ; WesBanco 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 Reconciliation
Slide 16: Net Income and Diluted Earnings per Share (EPS) Reconciliation
Net Income and Diluted Earnings per Share (EPS) Reconciliation
Slide 17: Tangible Book Value per Share Reconciliation
Tangible Book Value per Share Reconciliation
Slide 18: Efficiency Ratio Reconciliation
Efficiency Ratio Reconciliation
Slide 19: Return on Average Assets Reconciliation
Return on Average Assets (1) three-, six-, and nine-month (as applicable) figures are annualized Reconciliation
Slide 20: Return on Average Tangible Equity Reconciliation
Return on Average Tangible Equity (1) three-, six-, and nine-month (as applicable) figures are annualized Reconciliation
Slide 21: Tangible Equity to Tangible Assets Reconciliation
Tangible Equity to Tangible Assets Reconciliation 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; Your Community Bankshares
Slide 22: Tangible Common Equity to Tangible Assets
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; Your Community Bankshares merger c