Wesbanco, Inc. · NASDAQ:WSBC
Wesbanco — Q2 2026 Earnings Presentation
21 slides from Wesbanco's earnings presentation, Jul 22, 2026
Slide 1: Second Quarter 2026 Earnings Call Presentation
Second Quarter 2026 Earnings Call Presentation July 21, 2026 ©2026 WesBanco Inc. | All rights reserved
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: Q2 2026 Financial and Operational Highlights
Q2 2026 Financial and Operational Highlights Strong Annualized Loan Growth, Top-Tier Efficiency Ratio • Generated annualized loan growth of 8.3% over the sequential quarter and 3.5% year-over- year as organic growth across all markets more than offset higher CRE payoffs of Net Income Available to Co
Slide 4: Key Metrics
Q2 2026 Financial and Operational Highlights Key Metrics Quarter Ending H / (L) H / (L) Year-to-Date H / (L) 6/30/2026 6/30/2025 3/31/2026 6/30/2026 6/30/2025 Return on Average Assets (1)(2) 1.30% 2bp 1bp 1.29% 15bp PTPP Return on Average Assets (1)(2) 1.86% 17bp 18bp 1.77% 17bp Return on Average Eq
Slide 5: Strong Annualized Loan Growth that Outpaced CRE Payoffs
Q2 2026 Total Portfolio Loans Strong Annualized Loan Growth that Outpaced CRE Payoffs • Total loans of $19.5 billion increased $650 million, or 3.5%, YoY and $396 million, or 8.3% annualized, QoQ, driven by commercial and home equity lending • CRE loan payoffs remained elevated and totaled approxima
Slide 6: Deposit Growth Remained Solid
Q2 2026 Total Deposits Deposit Growth Remained Solid • Total deposits increased $438 million, or 2.1%, YoY to $21.6 billion, driven by demand deposits, money market, and savings account growth which more than offset the intentional run-off of $352 million of higher cost certificates of deposit • Des
Slide 7: Securities Represent 16% of Total Assets
Q2 2026 Total Securities Securities Represent 16% of Total Assets ($MM) Equities Held-to- 0% • Tangible common equity to tangible assets ratio(1) = 8.44% Maturity 25% 97% States & Political Subdivisions • Weighted average yield = 3.29% [vs. 3.21% last year] 3% Other • Weighted average duration = 4.3
Slide 8: NIM Benefited from Management of Funding Costs
Q2 2026 Net Interest Margin (NIM) NIM Benefited from Management of Funding Costs • Q2 2026 NIM of 3.63% improved 4 bp YoY, primarily due to lower funding costs • NIM increased 6 bp on a sequential quarter basis mainly due to asset repricing and 3 bp of accelerated mark accretion from acquired loan p
Slide 9: Record Fee Income Levels Across Multiple Categories
Q2 2026 Non-Interest Income Record Fee Income Levels Across Multiple Categories Quarter Ending % H / (L) % H / (L) • Non-interest income increased 22.0% YoY due primarily to higher net swap and valuation income, service charges on deposits, and other income ($000s) 6/30/2026 6/30/2025 3/31/2026 • Ac
Slide 10: Expenses Reflect Expansion Markets and Discretionary Cost Control
Q2 2026 Non-Interest Expense Expenses Reflect Expansion Markets and Discretionary Cost Control Quarter Ending % H / (L) % H / (L) • Non-interest expense, excluding merger and restructuring charges, increased 1.8% YoY primarily due to higher salaries and wages from a full ($000s) 6/30/2026 6/30/2025
Slide 11: Strong and Consistent Asset Quality Measures
Strong Legacy of Credit Quality Strong and Consistent Asset Quality Measures Criticized & Classified Loans as % of Total Loans Non-Performing Assets as % of Total Assets 0.46% 3.60% 3.57% 0.41% 0.41% 0.41% 3.35% 3.26% 3.63% 3.22% 3.15% 2.91% 3.74% 0.31% 0.35% 0.33% 0.53% 0.53% 6/30/2025 9/30/2025 12
Slide 12: Allowance Coverage Ratio of 1.12%
Q2 2026 Current Expected Credit Loss (CECL) Allowance Coverage Ratio of 1.12% • The allowance for credit losses on loans was $217.8 million at 6/30/2026, which provided a coverage ratio of 1.12% • Excluded from the allowance for credit losses and the related coverage ratio is a remaining unaccreted
Slide 13: Capital Ratios Above Both Regulatory and Well-Capitalized Levels
Strong Capital Position Capital Ratios Above Both Regulatory and Well-Capitalized Levels 15.09% 14.72% 14.12% 14.05% 13.16% 12.89% 13.06% 12.33% 12.05% 11.72% • Strong regulatory capital 11.42% ratios significantly above Tier 1 Risk- Well- Capitalized both regulatory Based Capital 8.0% requirements
Slide 14: Appendix
Appendix ©2026 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) 6/30/2026 3/31/2026 6/30/2025 6/30/2026 6/30/2025 Income before Provision for Income Taxes $117,523 $111,424 $70,973 $228,948 $61,309 Provision for Credit Losses 9,185 (897) 3,218 8,288 72,101 Pre-Tax,
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) 6/30/2026 3/31/2026 6/30/2025 6/30/2026 6/30/2025 Net Income Available to Common Shareholders $88,437 $84,395 $54,884 $172,832 $43,360 Restructuring and Merger-Related Expens
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) 6/30/2026 3/31/2026 6/30/2025 6/30/2026 6/30/2025 Total Shareholders' Equity $4,109,685 $4,070,608 $3,819,220 $4,109,685 $3,819,220 Goodwill & Other Intangible Assets (net of deferred t
Slide 18: Efficiency Ratio
Reconciliation Efficiency Ratio Quarter Ending Year-to-Date ($000s) 6/30/2026 3/31/2026 6/30/2025 6/30/2026 6/30/2025 Non-Interest Expense $149,086 $146,705 $186,535 $295,788 $320,500 Amortization of Intangibles (7,141) (7,160) (9,204) (14,301) (13,427) Restructuring & Merger-Related Expense (1,003)
Slide 19: Return on Average Assets
Reconciliation Return on Average Assets Quarter Ending Year-to-Date ($000s) 6/30/2026 3/31/2026 6/30/2025 6/30/2026 6/30/2025 Net Income Available to Common Shareholders $88,437 $84,395 $54,884 $172,832 $43,360 Day 1 Provision for Credit Losses on Acquired Loans (net of tax) $0 $0 $0 $0 $46,926 Rest
Slide 20: Return on Average Tangible Common Equity
Reconciliation Return on Average Tangible Common Equity Quarter Ending Year-to-Date ($000s) 6/30/2026 3/31/2026 6/30/2025 6/30/2026 6/30/2025 Net Income Available to Common Shareholders $88,437 $84,395 $54,884 $172,832 $43,360 Amortization of Intangibles (tax effected at 21%) 5,641 5,656 7,271 11,29
Slide 21: Tangible Common Equity to Tangible Assets
Reconciliation Tangible Common Equity to Tangible Assets Period Ending ($000s) 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026 Total Shareholders' Equity $3,819,220 $4,116,527 $4,031,913 $4,070,608 $4,109,685 Goodwill and Other Intangible (1,709,001) (1,702,916) (1,693,755) (1,688,098) (1,682,457