WesBanco, Inc. · NASDAQ:WSBC

WesBanco — Q3 2025 Earnings Presentation

22 slides from WesBanco's earnings presentation, Oct 22, 2025

  1. Slide 1: Third Quarter 2025 Earnings Call Presentation

    Third Quarter 2025 Earnings Call Presentation 22 October 2025

  2. 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

  3. 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

  4. 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

  5. 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

  6. 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

  7. 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

  8. 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

  9. 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

  10. 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

  11. 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

  12. 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

  13. 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

  14. Slide 14: Appendix

    Appendix ©2025 WesBanco Inc. | All rights reserved

  15. 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

  16. 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

  17. 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

  18. 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

  19. 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

  20. 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

  21. 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

  22. 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

WesBanco — Q3 2025 Earnings Presentation on 6ix