Wesbanco, Inc.NASDAQ: WSBC

Q2 2026 WesBanco, Inc. Earnings Presentation

May 4, 2026 at 9:41 PM UTC · Issued by Wesbanco, Inc.

Watch Wesbanco explain itWesBanco, Inc. (WSBC) Q2 2026 Earnings Call · Replay · Jul 22

Q2 202G Investor Presentation

JOHN IANNONE

SVP C Director of Investor Relations

(304) 905-7021

(WSBC financials as of the three months ending March 31, 2026)

Investment Rationale

WesBanco: Built to Deliver Our Next Phase of Growth

Strong

Foundation

150 years of profitability and soundness

Robust, low-cost deposit base

Economically diverse footprint

supports earnings stability

Strong capital levels provide flexibility across economic cycles

Sustainable

Operating Model

Relationship-led, organic growth focused strategy

Diversified revenue streams across Retail and Commercial channels

Disciplined expense culture to enable future investment

Proven

Execution

Consistently delivering on strategic priorities

Ability to fully-fund loan growth through deposit growth - $1.6B over the last 27 months

Delivering positive operating leverage - 1.Gx since 12/31/2021

Compelling

Growth Profile

Repeatable market expansion strategy

Meaningful opportunities to increase fee penetration

Continued efficiency gains through expense management and digital capabilities

Positioned to drive earnings growth supported by credit, capital, and risk discipline

2 Note: financial data as of 3/31/2026; current year for operating leverage is YTD annualized

Diversified Regional Financial Institution with Scale and Reach

Diversified Loan and Deposit Mix

1C%

12%

Deposits

13%

40%

WV1% 10%

0%TN IN

3% 5%

Loans

17%

48%

Highlights

Operations

10 states

Assets

$27.5 billion

Loans

$19.1 billion

Deposits

$21.7 billion

Wealth AUM

$10.4 billion

Loan Growth CAGR

7.4%

Top 50

largest publicly-traded financial institution

Note: data as of 3/31/2026; Wealth AUM represents Trust and Investment Services assets under management and broker-dealer securities account values (including annuities); loan growth CAGR since 12/31/2021

Focused on 5 Priorities to Support Long-Term Value Creation

Organic Loan and Deposit Growth

Fee Income Growth

Strategic Market Expansion & Distribution

Positive Operating Leverage

Disciplined Capital Allocation

1 2 3 4 5

Drive deposit-funded loan growth by expanding in existing and new markets and enhancing product and solution offerings

Grow fee income by deepening client relationships across Wealth, Trust, Treasury, and Commercial derivative services

Expand into select high-growth markets while aligning distribution channels with demand in existing markets

Generate operating leverage through disciplined investments, operational efficiencies, and expense management

Deliver longterm value through sustainable returns, balance sheet management, and shareholder distributions

Long-Term Value Creation

Complementary Consumer/Commercial Franchise Fuels Loan Growth

Strong Granular Core Deposit Franchise

Balanced Commercial and Consumer Mix

Commercial Banking Platform Driving 7%

Loan Growth CAGR

CG%

of total funding from deposits, compared to 89% for the industry

$100+MM

Unique long-term deposit generation annually

~G5%

new customers under the age of 45

8C%

average loan-to-deposit ratio

Business 32%

Business 72%

Deposits

Loans

Public Funds 1G%

Capabilities
Scalable Integrated Platform	Business Banking CCI and CRE Lending Cash Management Fraud Prevention Private Banking Trust Services Working Capital
Industry Expertise	Commercial Real Estate Construction Healthcare Manufacturing Public Sector Retail Small and Middle Markets
Small to Middle Market Focus	Up to $250 million in revenues

Consumer 52%

Consumer 28%

5 Note: data as of 3/31/2026; loan growth CAGR since 12/31/2021; total funding defined as customer deposits + FHLB borrowings + Fed Funds; industry defined as all publicly traded U.S. banks; peers defined as all U.S. banks with assets between $20B and $50B (source: S&P Capital IQ); new customers under the age of 45 represents

the last twelve months

Diversified Loan Portfolio Built for Growth

Total Loans

20%

Commercial

$1C.1B

Residential

Home Equity + Consumer

72%

memo: Healthcare 5%

Commercial & Industrial (C&I)

Hiring and growth strategies focused on relationship banking
Talent, support, and infrastructure to support CCI spectrum
Commercial Real Estate (CRE)
Continued portfolio growth and concentration management
Focus on markets for growth to balance economic diversity
Healthcare Vertical

Focus on primary bank relationships through targeted

direct calling on sponsors across the continuum of care

LCD CRE 8%

Owner

Occupied

CRE 15%

Improved

Property

CRE 34%

C&I

15%

Core team of experts focused exclusively on generating healthcare-related loans, deposits and fees
Residential Mortgage
Wide range of both portfolio and saleable products
Strong emphasis on customer service and retention
G Note: data as of 3/31/2026; Healthcare is included in LCD CRE, Owner Occupied CRE, Improved Property CRE, and C&I
©2026 WesBanco Inc. | All rights reserved | Proprietary and confidential
Structural Deposit Funding Advantage Driving Sustained Growth
Favorable funding cost advantage of 1.77% as compared to 1.80% for peers
Unique long-term deposit advantage generating $100+ million annually
Granular, sticky core deposits support organic growth with average $30,000 deposit size and 10+ year account tenure

Deposits ($B) Total Deposits Funding Cost
$6.9

$3.4

$6.9

$3.4

17% CAGR

$21.7 $21.7

$4.3

$1.7

$4.4

$1.7

$13.1 $13.2

$14.1

$1.8

1.80%

1.77%

$11.1

$7.0

$6.9

$7.3

$4.6

12/31/2022 12/31/2023 12/31/2024 12/31/2025 3/31/2026

2022 2023 2024 2025 2026

Consumer Commercial Public Funds Other

WSBC $20-50B Peer Avg

7 Note: data as of 3/31/2026; deposit balance chart are period-ends; funding cost chart are quarterly averages and include non-interest bearing deposits; peers defined as all U.S. banks with total assets between $20B and $50B (source: S&P Capital IQ) and represent simple averages

Wealth & Treasury Provide Capital-Light, Long-Term Growth Levers

Deep legacy and expertise across Trust Services, Private Client, and Securities Brokerage
Treasury Management capabilities for cash-flow optimization, earnings enhancement, and fraud-mitigation
Back-to-back swap program provides interest rate risk mitigation for both customers and WesBanco

Wealth Management ($B)
$7.8
Treasury Management
$G.0
$10.0
144
$3.0
$2.G
$2.G
3
$-
$4.0
32
$5
124
$51
$101
12/31/2022 12/31/2023 12/31/2024 12/31/2025 3/31/2026
Trust Securities Private Client
CAGRs: Trust 4%; Securities 1G%; Private Client 32%
2023 2024 2025 Q1 2026
(annualized)
Multi-Card Spend ($MM) Multi-Card Clients Total Revenue ($MM)
8 Note: data as of 3/31/2026; Wealth Management: Trust represents Trust & Investment Services assets under management, Securities represents Securities Brokerage account values (including annuities), Private Client represents private client loans outstandings plus deposits; CAGRs: Trust since 12/31/2001, Securities since 12/31/2021, Private Client since 12/31/2013
©2026 WesBanco Inc. | All rights reserved | Proprietary and confidential
Disciplined Market Expansion Accretive to Shareholder Value
Focused on high-growth markets, using loan production offices (LPO) as an efficient entry model
Opened 5 LPOs (2022-2025) generating $800MM in loans and 25% of pipeline, with 2 additional Florida LPOs in 2026
Acquired Premier Financial, delivering 4G% core EPS accretion in 9 months, exceeding the 40% first year projection

Median Household Income (HHI)

202G-31 HHI

Growth

202G-31 Population Growth

ATL $G6K BNA $G5K

MIA 17.5 %

BNA 5.7 % MIA 5.7 %

$87K

MIA $87K

$87K

BNA 14.7 %

ATL 11.4 %

11.3 %

ATL 4.2 %

2.6 %

Median Household Income (HHI)

National Average

2026-31 HHI Growth National Average

2026-31 Population Growth

National Average

Note: data as of 3/31/2026; Premier Financial figures represent 12 months ending 3/31/2026 compared to the acquisition model published 7/26/2024 (acquisition closed 2/28/2025); MSA demographic data based on U.S. Census data (source: S&P

C Capital IQ); ATL = Atlanta MSA; BNA = Nashville MSA; MIA = Ft Lauderdale, Miami, West Palm Beach MSA

Proven LPO Strategy to Enter and Grow in Attractive Markets

Stage 1 - Launch

Select seasoned team (market leader + bankers)
Focus on relationship-led commercial lending
Access to credit, treasury, and wealth capabilities
Centralized underwriting with consistent credit standards
Stage 2 - Grow
Ramp pipeline and production to targeted profitability run-rate within 12-18 months
Expand commercial bankers, support staff
Deepen deposit and fee relationships
Selectively add treasury management teams
Stage 3 - Establish Franchise
Convert to full-service commercial locations when market-defined thresholds are met
Add retail, residential, and wealth management capabilities as economics justify
Maintain capital and expense discipline
Chattanooga: LPO to franchise operations in under 3 years
Launched with small commercial banking team focused on targeted client segments
Achieved profitability targets through loan portfolio and fee income growth and in-market deposit funding
Selectively expanding team aligned with demand
August 2023 April 202G
Added producers and support staff as pipeline and client engagement
10 reached sustainable levels
Opened full-service financial center

©2026 WesBanco Inc. | All rights reserved | Proprietary and confidential

Optimizing Our Delivery Channels for Efficiency and Growth
Evaluating financial center network annually to identify optimization opportunities
Reinvesting resources in new locations in high-opportunity markets
Evolving digital and branch delivery models to drive efficiency and elevate client experiences
Rationalize:
Reviewing annually for improvement or rationalization
100+ financial center closures since 2019
Net annual savings of $8 million per year from 37 closures in January and May 2026
Targeting top-quartile average deposits per financial center versus peers, over long term
Reinvest:
Reinvesting resources in markets and locations with strong demand, including Tennessee and Florida
Increasing average deposits per branch by 47% since 12/31/2021
Evolve:
- Migrating transactions to more efficient channels with greater convenience and flexibility
- Enhancing all digital channels to deliver a more seamless, connected experience
- Achieving strong digital adoption with ~80% of retail customers using; averaging 7.5 million logins per month
  11 Note: data as of 3/31/2026; annual savings figure as disclosed on 10/22/2025 (27 locations) and 4/22/2026 (10 locations); average deposits per branch reflect both deposit
  growth and location closures; digital statistics are current year-to-date figures
  ©2026 WesBanco Inc. | All rights reserved | Proprietary and confidential
  
  Growth and Expense Discipline Driving Positive Operating Leverage
- Disciplined expense management and investment aligned with growth priorities
- Technology and talent-enabled efficiency gains to streamline processes and boost productivity
- Focus on operating leverage for all strategic investments - target $2 return for each $1 invested
  Technology-Enabled Productivity Gains
- Advancing automation and AI initiatives to improve efficiency, reduce costs, and enhance scalability across loan operations, call center, and credit underwriting
  Commercial Banker Productivity
- Strong talent management driving 2x higher loan

production per banker since 2021

$30.0

$29.0

$28.0

$27.0

$26.0

$25.0

$24.0

$23.0

$22.0

$21.0

$20.0

$19.0

$18.0

$17.0

$16.0

$15.0

$14.0

$13.0

$12.0

$11.0

$10.0

$9.0

$8.0

$7.0

$6.0

$5.0

$4.0

$3.0

$2.0

$1.0

$0.0

2.24%

$C.8

1.CC%

$12.5

1.88%

$15.7

1.C8%

2.10%

$1G.4

2.05%

$1G.C

2.10%

$1G.C

2.18%

$17.7

2.12%

$18.7

2.11%

Efficiency

ratio 52.5%

$27.5

$27.7

Incentives tied to profitable growth and credit quality

2017 2018 2019 2020 2021 2022 2023 2024 2025 Q1 2026

Total Assets ($B) Total Non-Int Exp / Total Assets(1)

12 Note: data as of 12/31 unless otherwise stated; balance sheet data as of period-end; non-interest expense to total assets are year-to-date periods

Non-GAAP measure - please see reconciliation in appendix; non-interest expense excludes restructuring and merger-related expenses

Well-Capitalized with Strategic Flexibility

Organic accretion of tangible book value of ~$0.75 per share and CET1 ratio of 5-10 basis points per quarter
Capital levels exceed well-capitalized standards, supporting loan growth, dividends, and opportunistic investment
CET1 Ratio
Tangible Book Value per Share(1)
2022
2023
2024
2025 Q1 2026
2022
2023
2024
2025
Q1 2026
memo: long-term target 10.5-11.0%
10.37%

10.G7%

10.CC%

11.20%

12.07%

$1C.43

$21.28

$22.01

$22.45

$22.83

Balanced approach to shareholder returns and long-term growth strategies

13 Note: data as of quarter ending 12/31; current year data as of 3/31/2026

Non-GAAP measure - please see reconciliation in appendix; non-interest expense excludes restructuring and merger-related expenses

Favorable Return Measures Compared to Peers

Return on Average Tangible

Common Equity(1)

Return on Average Assets(1)

2.07%

Non-Interest Expense to Total Assets(1)

2.35%

15.83%

15.3C%

15.50%

1.C8%

2.11%

2.12%

2.18%

2.10%

11.03%

1G.8C%

2.18% 1.98%

13.45%

1G.82%

17.37%

2.28%

12.44%

12.CC%

13.24%

10.95%

11.4G%

11.97%

10.GG%

2022 2023 2024 2025 2026 (3/31)

WSBC (x-merger, restructuring, day 1 provision) WSBC

$20-50B Banks

1.1C%

1.22%

1.08%

1.0C%

1.26%

1.24%

1.2C%

0.99%

0.78%

0.90%

0.8G%

0.81%

0.88%

1.12%

0.78%

2022 2023 2024 2025 2026 (3/31)

WSBC (x-merger, restructuring, day 1 provision) WSBC

$20-50B Banks

2022 2023 2024 2025 2026 (3/31)

WSBC $20-50B Banks

14 Note: data is year-to-date for dates specified; peers defined as all U.S. banks with total assets between $20B and $50B (source: S&P Capital IQ) and represent simple

averages; non-interest expense does not exclude restructuring & merger-related expenses; please see reconciliations in the appendix

Non-GAAP measure - please see reconciliation in appendix; non-interest expense excludes restructuring and merger-related expenses

Favorable Credit Quality Measures Compared to Peers

Criticized & Classified Loans

as % of Total Loans

3.55% 3.67% 3.36%

3.15%

2.73%

2.34%

2.80%

2.C1%

2.35%

Non-Performing Assets as %

of Total Assets

0.41%

0.38%

0.32%

0.33%

0.28%

0.22%

0.10%

Net-Charge-Offs as % of Average Loans (YTD Annualized)

0.26%

0.19% 0.21%

0.24%

2.22%

0.1G%

0.25%

2022 2023 2024 2025 2026 (3/31)

0.53%

2022 2023 2024 2025 2026 (3/31)

0.02% 0.04%

0.10%

0.11%

0.1G%

2022 YTD 2023 YTD 2024 YTD 2025 YTD 2026 (3/31)

WSBC $20-50B Banks

15 Note: data as of period-end for dates specified; peers defined as all U.S. banks with total assets between $20B and $50B (source: S&P Capital IQ) and represent simple averages except criticized & classified loans as % of total loans which is a weighted average

Well-Positioned to Deliver Value Creation

202G Outlook (as stated on 4/22/202G)
	2025 Baseline	202G (shown on an operating basis)
Loans (end of period)	$19,226MM	Mid-single digit growth (annual)
Total Commercial Loan Pipeline	$1,200MM (as of 12/31/2025)	$2,200MM (includes Florida)(as of 4/22/2026)
Commercial Real Estate Payoffs	$910MM	$700-900MM (annual) Q2 below Q1 level H2 at a more historical level
Net Interest Margin	3.53%	Q2 low 3.G0% range Mid-to-high 3.G0% range
Non-Interest Income	$167MM	3-5% growth per quarter (year-over-year)
Non-Interest Expense (excluding restructuring and merger-related expenses)	$549MM	Q2 $150MM range Q3 increase a couple percentage points from Q2 due to mid-year merit increases
Full Year Tax Rate	20.1%	20-21% (annual)

1G Note: current year outlook is provided on a year-over-year basis, unless otherwise stated, and compared to the prior year

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 Act of 1995. The information contained in this report should be read in conjunction with WesBanco's Form 10-K for the year ended December 31, 2025 and documents subsequently filed by WesBanco with the Securities and Exchange Commission ("SEC"), which are available at the SEC's website, https://www.sec.gov or at WesBanco's website, https://www.WesBanco.com. Investors are cautioned that forward-looking statements, which are not historical fact, involve risks and uncertainties, including those detailed in WesBanco's most recent Annual Report on Form 10-K filed with the SEC under "Risk Factors" in Part I, Item 1A. Such statements are subject to important factors that could cause actual results to differ materially from those contemplated by such statements, including, without limitation, changes in interest rates, spreads on earning assets and interest-bearing liabilities, and associated interest rate sensitivity; sources of liquidity available to WesBanco and its related subsidiary operations; potential future credit losses and the credit risk of commercial, real estate, and consumer loan customers and their borrowing activities; actions of the Federal Reserve Board, the Federal Deposit Insurance Corporation, the Consumer Financial Protection Bureau, the SEC, the Financial Institution Regulatory Authority, the Municipal Securities Rulemaking Board, the Securities Investors Protection Corporation, and other regulatory bodies; potential legislative and federal and state regulatory actions and reform, including, without limitation, the impact of the implementation of the Dodd-Frank Act; adverse decisions of federal and state courts; fraud, scams and schemes of third parties; cyber-security breaches; competitive conditions in the financial services industry; rapidly changing technology affecting financial services; marketability of debt instruments and corresponding impact on fair value adjustments; and/or other external developments materially impacting WesBanco's operational and financial performance. WesBanco does not assume any duty to update forward-looking statements.

While forward-looking statements reflect our good-faith beliefs, they are not guarantees of future performance. All forward-looking statements are necessarily only estimates of future results. Accordingly, actual results may differ materially from those expressed in or contemplated by the particular forward-looking statement, and, therefore, you are cautioned not to place undue reliance on such statements. Further, any forward-looking statement speaks only as of the date on which it is made, and we undertake no obligation to update any forward-looking statement to reflect events or circumstances after the date on which the statement is made or to reflect the occurrence of unanticipated events or circumstances, except as required by applicable law.

Statements in this presentation with respect to the benefits of the merger between WesBanco and Premier, the parties' plans, obligations, expectations, and intentions, and the statements with respect to accretion, earn back of tangible book value, tangible book value dilution and internal rate of return, constitute forward-looking statements as defined by federal securities laws. Such statements are subject to numerous assumptions, risks, and uncertainties. Actual results could differ materially from those contained or implied by such statements for a variety of factors including: changes in economic conditions; movements in interest rates; competitive pressures on product pricing and services; success and timing of other business strategies; the nature, extent, and timing of governmental actions and reforms; extended disruption of vital infrastructure; and other factors described in WesBanco's 2025 Annual Report on Form 10-K and documents subsequently filed by WesBanco with the SEC.

In addition to the results of operations presented in accordance with Generally Accepted Accounting Principles (GAAP), WesBanco's management uses, and this presentation contains or references, certain non-GAAP financial measures, such as pre-tax pre-provision income, tangible common equity/tangible assets; net income excluding after-tax restructuring and merger-related expenses and excluding after-tax day one provision for credit losses on acquired loans; efficiency ratio; return on average assets; and return on average tangible equity. WesBanco believes these financial measures provide information useful to investors in understanding our operational performance and business and performance trends which facilitate comparisons with the performance of others in the financial services industry. Although WesBanco believes that these non-GAAP financial measures enhance investors' understanding of WesBanco's business and performance, these non-GAAP financial measures should not be considered an alternative to GAAP. The non-GAAP financial measures contained therein should be read in conjunction with the audited financial statements and analysis as presented in the Annual Report on Form 10-K as well as the unaudited financial statements and analyses as presented in the Quarterly Reports on Forms 10-Q for WesBanco and its subsidiaries, as well as other filings that the company has made with the SEC.

Experienced Management Team with Proven Execution Record

Jeffrey H. Jackson

President C Chief Executive Officer

CEO of the Corporation and Bank since 2023; previously served as President C COO
Former EVP C COO of regional banking at First Horizon Bank; held regional leadership roles across Florida, Southeast Tennessee and Atlanta
30+ years of leadership experience spanning the banking and technology industries, including 15 years at IBM
Daniel K. Weiss, Jr.
Senior Executive Vice President C Chief Financial Officer
CFO since 2022; previously Chief Accounting Officer and Corporate Controller
15+ years with Bank in progressive finance leadership roles
20+ years of experience, including in public accounting for Deloitte

Ensuring a strong financial institution for all of our stakeholders

$2.4 billion

Community Development Lending (2020-2024)

>7,300 jobs

Created by New Markets Loan Program (total Tax Credit Allocations 2004-2024)

$133 million

Community Reinvestment Act Investments (2024)

$5.0 million

Community Development Philanthropic Donations (2020-2024)

58,100 hours

Community Development Service Hours (2020-2024)

8 consecutive

"Outstanding" composite ratings from the FDIC for CRA performance, a period spanning more than 20 years

3G% supplies

Green office supplies (<1% in 2019); ~50% when excluding food items

~30% facilities

Converted to LED lighting; will continue conversions, over time, as remodel facilities

50% workforce

Including 90% of support areas, in either a 100% remote or hybrid schedule

>25% reduction

In financial center footprint, while continuing to serve customers effectively

~70% female

Employees, including 55% of Bank Officers

G0% female

Key senior executive leadership positions

25% diverse

Board of Directors (gender, ethnicity)

>10% diverse

Employees, including >7% of Bank Officers

155 years

Strong culture of credit quality, risk management, and compliance

20 Note: data as of 12/31/2024 except Board diversity (as of 4/16/2025) and financial center reduction (as of 1/31/2025) and compared to 12/31/2019); "CRA" is Community Reinvestment

Act; "key senior executive leadership" defined as the CEO's direct reports and their direct reports; please visit wesbanco.com for the full sustainability report

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