Wesbanco, Inc. · NASDAQ:WSBC

Wesbanco — Q1 2026 Earnings Presentation

22 slides from Wesbanco's earnings presentation, Apr 22, 2026

  1. Slide 1: First Quarter 2026 Earnings Call Presentation

    First Quarter 2026 Earnings Call Presentation April 22, 2026 ©2026 WesBanco Inc. | All rights reserved

  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: Q1 2026 Financial and Operational Highlights

    Q1 2026 Financial and Operational Highlights Strong YoY Increase in EPS; Improved NIM 22bp YoY • GAAP EPS of $0.88 but, when excluding merger and restructuring costs, EPS(1) was $0.91 and increased 38% compared to the prior year and 8% from the sequential quarter Net Income Available to Common Share

  4. Slide 4: Key Metrics

    Q1 2026 Financial and Operational Highlights Key Metrics Quarter Ending H / (L) H / (L) 3/31/2026 3/31/2025 12/31/2025 Return on Average Assets (1)(2) 1.29% 33bp 12bp PTPP Return on Average Assets (1)(2) 1.68% 20bp (7bp) Return on Average Equity (1)(2) 8.67% 222bp 82bp PTPP Return on Average Equity

  5. Slide 5: Organic Growth Model Intact – Impacted by Elevated CRE Payoffs

    Q1 2026 Total Portfolio Loans Organic Growth Model Intact – Impacted by Elevated CRE Payoffs • Total loans increased $400 million, or 2.2%, YoY to $19.1 billion, driven by commercial and home equity lending • CRE loan payoffs remained elevated and totaled $340 million for the first quarter of 2025,

  6. Slide 6: Deposit Growth Remained Solid

    Q1 2026 Total Deposits Deposit Growth Remained Solid • Total deposits increased $376 million, or 1.8%, YoY to $21.7 billion, driven by demand deposits and savings account growth which more than offset the intentional run-off of $300 million of higher cost certificates of deposit • Total demand depos

  7. Slide 7: Securities Represent 16% of Total Assets

    Q1 2026 Total Securities Securities Represent 16% of Total Assets ($MM) Equities 1% Held-to- • Tangible common equity to tangible assets ratio(1) of Maturity 25% 97% States & Political Subdivisions 8.37% 3% Other • Weighted average yield 3.28% vs. 2.86% last year • Weighted average duration 4.3 • To

  8. Slide 8: NIM Benefiting from Management of Funding Costs and Loan Growth

    Q1 2026 Net Interest Margin (NIM) NIM Benefiting from Management of Funding Costs and Loan Growth • Q1 2026 NIM of 3.57% improved 22 bp YoY, through a combination of lower funding costs and higher securities yields • NIM decreased 4 bp on a sequential quarter basis due to lower net loan growth, as w

  9. Slide 9: Fee Income Increased $7.2 Million, or 20.7%, Year-Over-Year

    Q1 2026 Non-Interest Income Fee Income Increased $7.2 Million, or 20.7%, Year-Over-Year Quarter Ending % H / (L) % H / (L) • Non-interest income increased 20.7% YoY due primarily to the acquisition of PFC, which occurred on February 28, 2025, which ($000s) 3/31/2026 3/31/2025 12/31/2025 increased th

  10. Slide 10: Expenses Declined $1.4 Million Sequentially Due to Cost Control

    Q1 2026 Non-Interest Expense Expenses Declined $1.4 Million Sequentially Due to Cost Control Quarter Ending % H / (L) % H / (L) • Non-interest expense, excluding merger and restructuring charges, ($000s) 3/31/2026 3/31/2025 12/31/2025 decreased sequentially primarily from control of marketing and ot

  11. Slide 11: Favorable Asset Quality Measures Compared to Peer Bank Group

    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 3.60% 3.60% 3.57% 0.41% 0.41% 0.41% 3.35% 0.39% 3.32% 3.63% 3.22% 3.15% 2.91% 0.30% 0.31% 0.35% 0.33% 0.53% 3/31/2

  12. Slide 12: Allowance Coverage Ratio of 1.10%

    Q1 2026 Current Expected Credit Loss (CECL) Allowance Coverage Ratio of 1.10% • The allowance for credit losses on loans was $210.0 million at 3/31/2026, which provided a coverage ratio of 1.10% • Excluded from the allowance for credit losses and the related coverage ratio is a remaining unaccreted

  13. 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% 11.42% 11.72% Well- • Strong regulatory capital Tier 1 Risk- Capitalized ratios significantly above Based Capital 8.0% both regulatory Required Rati

  14. Slide 14: ©2026 WesBanco Inc. | All rights reserved

    ©2026 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 ($000s) 3/31/2026 12/31/2025 3/31/2025 Income/(Loss) before (Benefit)/Provision for Income Taxes $111,424 $114,620 ($9,665) Provision for Credit Losses (897) 3,059 68,883 Pre-Tax, Pre-Provision Income ("PTPP") $110,527 $11

  16. Slide 16: Net Income and Diluted Earnings per Share (EPS)

    Reconciliation Net Income and Diluted Earnings per Share (EPS) Quarter Ending ($000s, except earnings per share) 3/31/2026 12/31/2025 3/31/2025 Net Income/(Loss) Available to Common Shareholders $84,395 $78,162 ($11,523) Restructuring and Merger-Related Expenses (net of tax) 2,933 2,752 15,808 Day 1

  17. Slide 17: Tangible Book Value per Share

    Reconciliation Tangible Book Value per Share Quarter Ending ($000s, except shares and per share data) 3/31/2026 12/31/2025 3/31/2025 Total Shareholders' Equity $4,070,608 $4,031,913 $3,781,579 Goodwill & Other Intangible Assets (net of deferred tax liability) (1,688,098) (1,693,755) (1,718,048) Pref

  18. Slide 18: Efficiency Ratio

    Reconciliation Efficiency Ratio Quarter Ending ($000s) 3/31/2026 12/31/2025 3/31/2025 Non-Interest Expense $146,705 $147,888 $133,966 Amortization of Intangibles (7,160) (7,217) (4,223) Restructuring & Merger-Related Expense (3,713) (3,483) (20,010) Non-Interest Expense (excluding amortization of in

  19. Slide 19: Return on Average Assets

    Reconciliation Return on Average Assets Quarter Ending ($000s) 3/31/2026 12/31/2025 3/31/2025 Net Income/(Loss) Available to Common Shareholders $84,395 $78,162 ($11,523) Day 1 Provision for Credit Losses on Acquired Loans (net of tax) $0 $0 $46,926 Restructuring and Merger-Related Expenses (net of

  20. Slide 20: Return on Average Tangible Common Equity

    Reconciliation Return on Average Tangible Common Equity Quarter Ending ($000s) 3/31/2026 12/31/2025 3/31/2025 Net Income/(Loss) Available to Common Shareholders $84,395 $78,162 ($11,523) Amortization of Intangibles (tax effected at 21%) 5,656 5,701 3,336 Net (Loss)/Income Available to Common Shareho

  21. Slide 21: Tangible Common Equity to Tangible Assets

    Reconciliation Tangible Common Equity to Tangible Assets Period Ending ($000s) 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 Total Shareholders' Equity $3,781,579 $3,819,220 $4,116,527 $4,031,913 $4,070,608 Goodwill and Other Intangible (1,718,048) (1,709,001) (1,702,916) (1,693,755) (1,688,098

  22. Slide 22: First Quarter 2026 Earnings Call Presentation

    First Quarter 2026 Earnings Call Presentation ©2026 WesBanco Inc. | All rights reserved

WesBanco — Q1 2026 Earnings Presentation on 6ix