WSBC

Our analysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here. Achieved strong sequential loan growth of 8.3% annualized, driven by record commercial production of nearly $2.5 billion in the first half of 2026. Successfully navigated a 1% headwind to year-over-year growth caused by $1.3 billion in CRE payoffs over the last 12 months, which management expects to taper in the second half of the year. Accelerated the Southeastern expansion strategy with new operations in Palm Beach, Broward, and Naples, with Florida teams already contributing 10% of the total commercial pipeline within 90 days. Generated positive operating leverage and a record low efficiency ratio of 51% through disciplined execution and branch optimization efforts. Maintained a relationship-focused model that resulted in the largest nonprofit school deal in the company's history, integrating tax-exempt financing, treasury management, and swap fees. Reported record fee income levels and trust assets, benefiting from increased traction in deposit products, digital banking, and commercial swap services. Anticipates mid-single digit loan growth for the full year 2026, supported by a record $2.3 billion commercial pipeline that has remained stable since quarter-end. Projects net interest margin to remain relatively consistent around 3.60% for the remainder of the year, assuming stable competition and an upward sloping yield curve. Expects the Florida franchise to potentially reach $2 billion in assets within the next couple of years, with financial centers in Fort Lauderdale and West Palm Beach slated for early 2027. Assumes one Federal Reserve rate hike late in the fourth quarter of 2026, though management expects no meaningful impact on the current year's results. Plans to maintain a CET1 ratio near 10.7% by prioritizing capital deployment toward organic loan growth over share repurchases in the near term. Recorded a non-recurring $4.8 million gain related to a pension plan freeze and a $1.6 million gain from the sale of closed branch properties. Completed the closure of 37 financial centers this year, with deposit attrition trending significantly below conservative internal assumptions. Identified a temporary uptick in classified and criticized loans due to regrading timing, with management expecting a return to lower levels by the end of the third quarter. Noted that while deposit funding costs have likely hit a floor, the bank may utilize wholesale funding to support accelerating loan growth if deposit growth does not outpace models. One stock. Nvidia-level potential. 30M+ investors trust Moby to find it first. Get the pick. Tap here. Management expects deposits to grow by $600 million to $700 million in the back half of the year, consistent with historical seasonal trends. New retail and commercial programs are being rolled out to attract deposits, aiming to keep the loan-to-deposit ratio in the low 90s. Management believes the 3.60% NIM is defensible due to significant repricing opportunities in the securities and fixed-rate commercial loan portfolios. Approximately $450 million in fixed-rate commercial loans maturing over the next 12 months are expected to reprice nearly 200 basis points higher. Share buybacks will likely be muted in the coming quarters as the bank prioritizes deploying capital into high-return organic loan growth. Management will remain opportunistic on buybacks if the CET1 ratio exceeds the 10.7% target or if market downturns create significant valuation gaps. The bar for new market expansion has been raised significantly; the focus is now on ensuring current investments in Florida and Nashville pay off. M&A is currently at the bottom of the priority list as management focuses on the superior returns generated by organic growth and tangible book value accretion.

Interested in WesBanco, Inc.? Here are five stocks we like better. WesBanco said second-quarter results were driven by strong momentum in commercial lending, expansion markets and fee-based businesses, with adjusted EPS up 14% year-to-date and management still expecting mid-single-digit loan growth for 2026. Total loans rose 3.5% year over year, helped by C&I growth and a record $2.3 billion commercial pipeline, while Florida expansion is already contributing about 10% of the pipeline and could become a major growth engine. Deposits grew 2.1% year over year and fee income hit records, while the net interest margin improved to 3.63%; management also said credit quality remains benign and capital is being prioritized for organic growth over M&A or aggressive buybacks. WesBanco (NASDAQ:WSBC) executives said momentum in commercial lending, expansion markets and fee-based businesses drove stronger second-quarter 2026 results, while the bank maintained its outlook for mid-single-digit loan growth for the full year. On the company’s earnings call, President and CEO Jeff Jackson said the quarter’s “defining theme” was momentum across the franchise, citing sequential and year-over-year loan growth, record commercial production and pipeline levels, and positive operating leverage. → Buyback Boom: These 3 Companies Are Betting Billions on Their Own Stocks For the quarter ended June 30, 2026, WesBanco reported GAAP net income available to common shareholders of $88 million, or $0.91 per share. Excluding merger and restructuring charges, net income was $89 million, or $0.92 per diluted share. Year-to-date earnings per share, on the same adjusted basis, rose 14% to $1.83, Jackson said. Year-to-date pre-tax, pre-provision earnings increased 24% from a year earlier to $242 million, excluding merger and restructuring charges. Jackson said second-quarter and year-to-date returns on average assets and tangible common equity were 1.3% and 17.3%, respectively. The bank also reported an efficiency ratio of 51%. → 3 Photonics Companies Making Quantum Tech Possible Total loans increased 3.5% year-over-year and 8.3% annualized from the prior quarter, helped by commercial and industrial lending. Jackson said C&I loans grew 5% year-over-year and nearly 25% quarter-over-quarter annualized. Commercial teams generated nearly $2.5 billion of loan production during the first six months of 2026, about $1 billion more than the same period last year. Jackson said second-quarter loan growth came despite continued commercial real estate payoffs, which created a 1% headwind to year-over-year growth. → AI Data Centers Need Power, and These 2 Industrials Are Cashing In CRE payoffs totaled about $345 million in the second quarter, bringing total payoffs over the past 12 months to more than $1.3 billion. Chief Financial Officer Dan Weiss said WesBanco expects payoffs to taper in the second half of the year, with third-quarter payoffs projected at roughly two-thirds of the second-quarter level. Jackson said the bank’s commercial pipeline reached a record $2.3 billion at June 30, up more than 40% from the prior quarter and 90% since year-end. He said the pipeline remained stable in the weeks after quarter-end, supporting management’s expectation for mid-single-digit loan growth in 2026. Management highlighted WesBanco’s expansion in Florida as a key growth initiative. Jackson said the bank recently opened a loan production office in Naples, following the launch of commercial banking and treasury management operations in Palm Beach and Broward counties. Jackson said the Florida teams have begun generating business within their first three months and now account for about 10% of WesBanco’s total commercial pipeline. He said the Florida franchise could become “a $2 billion bank within the next couple of years.” WesBanco is also on track to open financial centers in Fort Lauderdale and West Palm Beach during the first half of 2027, after identifying locations and receiving FDIC approval, Jackson said. Those centers are expected to support deposit gathering and customer relationships, with potential future additions such as wealth management and residential mortgage services. During the question-and-answer portion of the call, Jackson said the Florida operation had reached roughly $200 million in loans outstanding. He added that management believes the current South Florida footprint is largely built out, though the bank may consider expansion into other Florida markets such as Tampa, Orlando, Sarasota or Jacksonville in 2027. Weiss said total assets were $27.8 billion at quarter-end, including $19.5 billion of portfolio loans and $4.4 billion of securities. Deposits increased 2.1% year-over-year to $21.6 billion, as transaction account growth more than offset lower higher-cost certificates of deposit. Deposit attrition from the closure of 37 financial centers this year has been meaningfully below the bank’s conservative assumptions, Weiss said. Deposits were down $75 million sequentially, reflecting the runoff of the remaining $50 million of brokered deposits on April 1 and declines in higher-cost CDs. Jackson said the bank historically has generated stronger deposit growth in the second half of the year and is rolling out retail and commercial programs aimed at attracting deposits. Weiss said WesBanco has grown deposits by $600 million to $700 million in the back half of the year over the past three years and is anticipating something similar. The second-quarter net interest margin was 3.63%, up four basis points from a year earlier and six basis points sequentially. Weiss attributed the sequential improvement to asset repricing and three basis points, or $1.7 million, of accretion from unscheduled early payoffs of acquired loans. Management expects the margin to remain around the 3.60% range for the rest of 2026. Weiss said asset repricing should help, but loan growth may initially outpace deposit growth, requiring a mix of higher-cost wholesale funding and lower-cost deposits. Non-interest income rose $9.7 million, or 22%, year-over-year to $54 million. Weiss cited higher net swap and valuation income, service charges on deposits and other income. He said WesBanco recorded record fee income from deposit products, digital banking services and securities brokerage, along with record trust and securities brokerage assets of nearly $11 billion. Non-interest expense, excluding restructuring and merger-related costs, was $148 million in the second quarter, up 1.8% from a year earlier and 3.6% sequentially. Weiss said the increase was mainly due to higher salaries and wages tied to recent hiring, primarily in the southern footprint. WesBanco expects quarterly expenses in the third and fourth quarters to be about $153 million, reflecting a full quarter of South Florida staffing, mid-year merit increases and higher marketing expense. Jackson also said the bank is working on a third phase of branch optimization, which could include additional two-for-one or three-for-one consolidations, with details potentially coming in the fourth quarter. The bank’s common equity Tier 1 ratio was 10.7% at June 30, within its target range of 10.5% to 11%. WesBanco repurchased about 300,000 shares during the second quarter. Weiss said buybacks are likely to be muted over the next couple of quarters as the company deploys capital into loan growth, though management may act opportunistically depending on loan growth, capital levels and stock price. Credit quality metrics remained “relatively benign,” Weiss said, with charge-offs of two basis points. The allowance for credit losses was $218 million, or 1.12% of total loans, with the increase from the prior quarter mainly due to higher loan balances. Jackson said an uptick in classified and criticized loans reflected timing and credit regrading, and he said the measure had already declined after quarter-end. He also said the bank had solutions in place for three nonperforming loans added in the prior quarter and expected them to be resolved in the third quarter or early fourth quarter. Looking ahead, management said WesBanco is focused on organic growth rather than acquisitions. Jackson said M&A is “at the very bottom” of the bank’s capital deployment priorities, with management instead emphasizing expansion-market loan growth, fee growth and deposit generation. WesBanco, Inc is a bank holding company headquartered in Wheeling, West Virginia, offering a full range of community banking services through its principal subsidiary, WesBanco Bank, Inc The company serves individual consumers, small‐ to mid‐sized businesses, nonprofit organizations and governmental entities with a relationship‐driven approach and an emphasis on local decision‐making. Through its diversified platform, WesBanco provides core banking functions such as deposit accounts, commercial and consumer lending, mortgage banking, treasury management and electronic banking services. In addition to traditional banking products, WesBanco offers specialized services including trust and wealth management, investment advisory and insurance solutions. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. The article "WesBanco Q2 Earnings Call Highlights" was originally published by MarketBeat. View MarketBeat's top stocks for July 2026.

This article first appeared on GuruFocus. Net Income: $89 million, excluding merger and restructuring charges. Earnings Per Share (EPS): $0.92 per diluted share for the quarter; $1.83 year-to-date, a 14% increase. Pretax Pre-Provision Earnings: $242 million year-to-date, a 24% increase year-over-year. Return on Average Assets: 1.3% for the quarter. Return on Tangible Common Equity: 17.3% for the quarter. Efficiency Ratio: 51%. CET1 Ratio: 10.7%. Total Loans Growth: 3.5% year-over-year; 8.3% annualized sequentially. Commercial & Industrial (C&I) Lending Growth: 5% year-over-year; nearly 25% quarter-over-quarter annualized. Commercial Pipeline: $2.3 billion, a 40% increase from the prior quarter and 90% since year-end. Total Assets: $27.8 billion. Total Portfolio Loans: $19.5 billion. Deposits: $21.6 billion, a 2.1% increase year-over-year. Net Interest Margin: 3.3% for the second quarter. Non-Interest Income: $54 million, a 22% increase year-over-year. Non-Interest Expense: $148 million, a 1.8% increase year-over-year. Allowance for Credit Losses: 1.12% of total loans. Charge-Offs: 2 basis points. Warning! GuruFocus has detected 6 Warning Signs with WSBC. Is WSBC fairly valued? Test your thesis with our free DCF calculator. Release Date: July 22, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Wesbanco Inc (NASDAQ:WSBC) reported strong sequential quarter and year-over-year loan growth, with total loans increasing 3.5% year-over-year and 8.3% annualized sequentially. The company achieved record loan production of nearly $2.5 billion in the first six months of the year, significantly outpacing CRE payoffs. Wesbanco Inc (NASDAQ:WSBC) demonstrated strong financial performance with a return on average assets of 1.3% and a return on tangible common equity of 17.3%. The company's commercial pipeline reached a record $2.3 billion, increasing more than 40% from the prior quarter and 90% since year-end. Wesbanco Inc (NASDAQ:WSBC) was recognized nationally as one of America's High Growth Companies by Business Insider and one of America's best companies by Time. The company experienced elevated CRE payoffs, totaling approximately $345 million for the second quarter, creating a 1% headwind to year-over-year growth. Despite strong loan growth, the loan-to-deposit ratio increased slightly to about 90%, indicating potential pressure on deposit growth. There was an uptick in classified and criticized loans, although management expects this to decrease by the end of the third quarter. Non-interest expenses increased 1.8% year-over-year and 3.6% sequentially, primarily due to higher salaries and wages from recent hiring efforts. The company anticipates using higher-cost wholesale funding to support loan growth, which could impact net interest margin if deposit growth does not meet expectations. Q: Can you provide insight into potential commercial deposit growth or account wins in the second half of the year? A: Our loan-to-deposit ratio is around 90%, and we expect deposits to grow in the third and fourth quarters, supported by special programs in the retail and commercial space. Historically, we've seen strong deposit growth in the latter half of the year, and we anticipate similar trends this year. (Jeffrey Jackson, CEO) Q: What caused the uptick in classified and criticized loans? A: The increase was due to regrading of credits and timing. We expect the ratio to decrease by the end of the third quarter. We have solutions for the three non-performing loans from last quarter and anticipate resolving them soon without significant impact. (Jeffrey Jackson, CEO) Q: How do you view the net interest margin (NIM) outlook, and can it be maintained at 3.60%? A: We believe we can defend the 3.60% NIM due to asset repricing opportunities and a stable funding mix. We expect asset yields to benefit from loan and securities repricing, and any deposit growth beyond our model could positively impact the margin. (Daniel Weiss, CFO) Q: Is there potential for high single-digit loan growth to continue into the back half of next year? A: Yes, it's possible, especially with strong contributions from our South Florida and healthcare verticals. Our expansion markets and existing footprint support this growth potential. (Jeffrey Jackson, CEO) Q: How are you balancing new investments with cost savings, and is there room for further branch optimization? A: We are working on Phase 3 of branch optimization and see potential for further cost savings. We plan to roll out additional branch optimization efforts, possibly in the fourth quarter, to support our growth strategy. (Jeffrey Jackson, CEO) Q: What is your approach to share buybacks given the current loan growth? A: With strong loan growth opportunities, we plan to deploy excess capital into loan growth rather than buybacks in the near term. However, if loan growth doesn't meet expectations, we may consider buybacks, especially if stock prices are favorable. (Daniel Weiss, CFO) Q: How is the Florida expansion progressing, and what are your future plans for this market? A: The Florida expansion is progressing well, with $200 million in loans already. We see potential for a $2 billion bank in the next few years. While we may consider expanding north in 2027, our current focus is on maximizing returns from existing investments. (Jeffrey Jackson, CEO) Q: What is the current status of M&A activity for WesBanco? A: We are not actively pursuing M&A at this time. Our focus is on organic growth, which we believe offers the best use of our capital given the strong returns and growth opportunities in our current markets. (Jeffrey Jackson, CEO) For the complete transcript of the earnings call, please refer to the full earnings call transcript.

Marked by strong annualized loan growth, top-tier efficiency ratio, and accelerating growth in targeted expansion markets WHEELING, W.Va., July 21, 2026 /PRNewswire/ -- WesBanco, Inc. ("WesBanco" or "Company") (Nasdaq: WSBC), a diversified, multi-state bank holding company, today announced net income and related earnings per share for the three months ended June 30, 2026. Net income available to common shareholders for the second quarter of 2026 was $88.4 million, with diluted earnings per share of $0.91, compared to $54.9 million and $0.57 per diluted share, respectively, for the second quarter of 2025. For the six months ended June 30, 2026, net income was $172.8 million, or $1.79 per diluted share, compared to $43.4 million, or $0.50 per diluted share, for the 2025 period. As noted below, WesBanco reported $0.92 of earnings per diluted share, in the second quarter, as compared to $0.91 in the prior year period, when excluding after-tax restructuring and merger-related expenses (non-GAAP measures). On a similar basis and excluding the after-tax day one provision for credit losses on acquired loans, WesBanco reported $1.83 per diluted share, for the six month period, as compared to $1.60 per diluted share last year (non-GAAP measures). Financial and operational highlights for the quarter ended June 30, 2026: 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 commercial real estate ("CRE") payoffs of approximately $345 million, which impacted year-over-year loan growth by 1.0% Grew commercial loan pipeline to a record $2.3 billion as of June 30, 2026, reflecting strong business development activity and growing opportunities across all markets, with an average loan to deposit ratio of 88.9% that provides substantial capacity to fund loan growth Increased net interest margin 4 basis points year-over-year to 3.63%, primarily driven by lower funding costs and asset repricing Achieved record fee income levels across securities brokerage, digital banking, and service charges on deposits, as well as record levels of trust assets under management and securities account values Improved efficiency ratio more than 1 percentage point both year-over-year and quarter-over-quarter to a record low of 51.2%, primarily due to a focus on driving positive operating leverage Advanced our organic growth strategy and commercial momentum in targeted expansion markets, including Northern Virginia, Tennessee, and South Florida; and, positioning the Florida franchise for continued growth through planned financial center openings during the first half of 2027 Recently recognized as one of America's High Growth Companies by Business Insider and one of America's Best Companies by Time "Our strong second quarter performance reflects the continued success of our relationship-focused banking model and disciplined growth strategy," said Jeff Jackson, President and Chief Executive Officer, WesBanco. "We generated annualized loan growth of more than 8%, expanded our commercial loan pipeline to a record $2.3 billion, and generated positive operating leverage, demonstrating our ability to drive profitable growth across the franchise. With a solid funding position and strong momentum across our markets – particularly our Premier and expansion markets in Northern Virginia, Tennessee, and Florida – we are well-positioned for continued growth." Balance Sheet WesBanco's balance sheet, as of June 30, 2026, reflects organic growth and the impact of elevated CRE payoffs. Total assets increased 0.8% year-over-year to $27.8 billion, including total portfolio loans of $19.5 billion and total securities of $4.4 billion. Total portfolio loans increased 3.5% year-over-year due to organic growth of $650 million partially offset by higher CRE payoffs. As anticipated, CRE payoffs continued to remain elevated and totaled approximately $345 million during the second quarter of 2026, consistent with the elevated quarterly levels incurred during the prior nine months. The commercial loan pipeline has grown 90% since year-end to a record $2.3 billion, as of June 30, 2026. Deposits of $21.6 billion increased 2.1% year-over-year due to organic growth that more than offset the decline in higher cost certificates of deposit (CDs). Despite the closure of 37 financial centers this year, deposits were down only $75 million, or 0.4%, on a sequential quarter basis reflecting the remaining $50 million of brokered deposits that paid off on April 1st and the decline in higher cost CDs. Total deposits excluding CDs increased 4.3% year-over-year and 1.3% annualized sequentially. Total demand deposits represented 49% of total deposits, with the non-interest bearing component representing 24%. Credit Quality As of June 30, 2026, credit quality measures have remained in consistent range, from a historical perspective. Non-performing loans remained flat to the first quarter as the three credits added last quarter continue to be addressed. Net charge-offs for the second quarter were 0.02% of total average loans. The allowance for credit losses to total portfolio loans at June 30, 2026 was 1.12% of total loans, or $217.8 million. The second quarter net provision for credit losses of $9.2 million was primarily due to higher loan balances. Excluded from the allowance for credit losses and the related coverage ratio is a remaining unaccreted discount on purchased loans from acquisitions representing 1.41% of total portfolio loans. Net Interest Margin and Income The second quarter margin of 3.63% improved 4 basis points year-over-year primarily due to lower funding costs and 6 basis points sequentially due to higher loan yields and lower funding costs. Deposit funding costs of 235 basis points for the second quarter of 2026 decreased 11 basis points from the prior year period and were flat to the first quarter. When including non-interest bearing deposits, deposit funding costs for the second quarter were 178 basis points. Net interest income for the second quarter of 2026 was $222.2 million, an increase of $5.4 million, or 2.5% year-over-year, reflecting lower FHLB borrowing and deposit costs and higher securities yields. For the six months ended June 30, 2026, net interest income of $437.6 million increased $62.3 million, or 16.6%, primarily due to the reasons discussed for the three-month period comparison and higher loan balances. Non-Interest Income For the second quarter of 2026, non-interest income of $53.6 million increased $9.7 million, or 22.0%, from the second quarter of 2025 due primarily to higher net swap and valuation income, service charges on deposits, and other income. Gross swap fees were $2.8 million in the second quarter, compared to $1.4 million in the prior year period, while the fair value adjustment was $0.3 million, compared to a loss of $0.7 million in the prior year period. Service charges on deposits increased $1.1 million year-over-year due to increased general spending and higher transaction volumes from our larger customer base, as well as an increase in monthly fees that took effect during June. Other income for the second quarter of 2026 included a non-recurring $4.8 million gain related to the freezing of future service for actively employed participants in the pension plan. Mortgage banking income decreased $1.3 million from the prior year period primarily due to more mortgage volume going into portfolio loans. Primarily reflecting the items discussed above, as well as trust fees and net securities brokerage revenue, non-interest income, for the six months ended June 30, 2026, increased $16.8 million, or 21.4%, year-over-year to $95.5 million. Reflecting record asset levels, trust fees and net securities brokerage revenue increased $1.9 million and $1.1 million, respectively, due to the addition of PFC wealth clients, market value appreciation, and organic growth. Non-Interest Expense Non-interest expense, excluding restructuring and merger-related costs, for the three months ended June 30, 2026 was $148.1 million, a $2.6 million, or 1.8%, increase year-over-year primarily due to higher salaries and wages offset by discretionary expense management. Salaries and wages of $66.4 million increased due to recent hiring efforts, primarily in Florida, and bonus accrual adjustments. FDIC insurance expense of $4.2 million decreased due to a lower assessment rate associated with our improved financial ratios. Equipment and software of $2.3 million, which was consistent with the last several quarters, decreased $1.5 million year-over-year due to the cost of operating two core systems in the prior year related to the PFC acquisition until the conversion to one platform in mid-May 2025. Amortization of intangible assets of $7.1 million, which was consistent with the last couple quarters, decreased $2.1 million year-over-year due to the core deposit intangible asset that was created from the acquisition of PFC in the prior year. Restructuring and merger-related expenses decreased $40.1 million from the prior year period, which included costs associated with the closing of the PFC acquisition. Excluding restructuring and merger-related expenses, non-interest expense during the first half of 2026 of $291.1 million increased $31.6 million, or 12.2%, compared to the prior year period, due primarily to the expenses described above. Capital WesBanco continues to maintain what we believe are strong regulatory capital ratios, as both consolidated and bank-level regulatory capital ratios are well above the applicable "well-capitalized" standards promulgated by bank regulators and the BASEL III capital standards. At June 30, 2026, Tier I leverage was 9.83%, Tier I risk-based capital ratio was 11.72%, common equity Tier 1 capital ratio ("CET 1") was 10.70%, and total risk-based capital was 14.18%. In addition, the tangible common equity to tangible assets ratio was 8.44%. During the second quarter, WesBanco repurchased 0.3 million shares of its outstanding common stock on the open market at a total cost of $9.7 million, or $33.55 per share. As of June 30, 2026, approximately 4.5 million shares remained for repurchase under the combination of the 4.0 million share repurchase authorization approved by WesBanco's Board of Directors on May 20, 2026 and the remainder of the February 24, 2022 authorization. Conference Call and Webcast WesBanco will host a conference call to discuss the Company's financial results for the second quarter of 2026 at 9:00 a.m. ET on Wednesday, July 22, 2026. Interested parties can access the live webcast of the conference call through the Investor Relations section of the Company's website, www.wesbanco.com. Participants can also listen to the conference call by dialing 888-347-6607, or 1-412-902-4290 for international callers, and asking to be joined into the WesBanco call. Please log in or dial in at least 10 minutes prior to the start time to ensure a connection. A replay of the conference call will be available by dialing 855-669-9658, or 1-412-317-0088 for international callers, and providing the access code of 4494073. The replay will begin at approximately 11:00 a.m. ET on July 22, 2026, and end at 12 a.m. ET on August 6, 2026. An archive of the webcast will be available for one year on the Investor Relations section of the Company's website (www.wesbanco.com). Forward-Looking Statements 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") including WesBanco's Form 10-Q for the quarter ended March 31, 2026, which are available at the SEC's website, www.sec.gov or at WesBanco's website, 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. Non-GAAP Financial Measures 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. About WesBanco, Inc. With over 150 years as a community-focused, regional financial services partner, WesBanco Inc. (NASDAQ: WSBC) and its subsidiaries build lasting prosperity through relationships and solutions that empower our customers for success in their financial journeys. Customers across our ten-state footprint choose WesBanco for the comprehensive range and personalized delivery of our retail and commercial banking solutions, as well as trust, brokerage, wealth management and insurance services, all designed to advance their financial goals. Through the strength of our teams, we leverage large bank capabilities and local focus to help make every community we serve a better place for people and businesses to thrive. Headquartered in Wheeling, West Virginia, WesBanco has $27.8 billion in total assets, with our Trust and Investment Services holding $8.2 billion of assets under management and securities account values (including annuities) of $2.7 billion through our broker/dealer, as of June 30, 2026. Learn more at www.wesbanco.com and follow @WesBanco on Facebook, LinkedIn and Instagram. 5,06367.5Net income available to common shareholders$ 88,437$ 54,88461.1$ 172,832$ 43,360298.6Taxable equivalent net interest income$ 223,447$ 217,9962.5$ 440,129$ 377,71916.5Per common share dataNet income per common share - basic$ 0.92$ 0.5761.4$ 1.80$ 0.50260.0Net income per common share - diluted0.910.5759.61.790.50258.0Adjusted net income per common share - diluted, excluding certain items (1) (2)0.920.911.11.831.6014.4Dividends declared0.380.372.70.760.742.7Book value (period end)40.5338.285.940.5338.285.9Tangible book value (period end) (1)22.9820.4812.222.9820.4812.2Average common shares outstanding - basic96,028,95895,744,9800.396,066,02286,339,97011.3Average common shares outstanding - diluted96,703,88095,808,3100.996,506,41086,466,70111.6Period end common shares outstanding95,869,20995,986,023(0.1)95,869,20995,986,023(0.1)Period end preferred shares outstanding230,000150,00053.3230,000150,00053.3(1) See non-GAAP financial measures for additional information relating to the calculation of this item.(2) Certain items excluded from the calculation consist of after-tax restructuring and merger-related expenses and the after-tax day one provision for credit losses on acquired loans.NM = Not Meaningful View original content to download multimedia:https://www.prnewswire.com/news-releases/wesbanco-announces-second-quarter-2026-financial-results-302831242.html

WesBanco (WSBC) came out with quarterly earnings of $0.92 per share, beating the Zacks Consensus Estimate of $0.86 per share. This compares to earnings of $0.91 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +6.98%. A quarter ago, it was expected that this holding company for WesBanco Bank would post earnings of $0.86 per share when it actually produced earnings of $0.91, delivering a surprise of +5.81%. Over the last four quarters, the company has surpassed consensus EPS estimates three times. WesBanco, which belongs to the Zacks Banks - Southeast industry, posted revenues of $275.79 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 3.04%. This compares to year-ago revenues of $260.73 million. The company has topped consensus revenue estimates two times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. WesBanco shares have added about 21.9% since the beginning of the year versus the S&P 500's gain of 8.7%. While WesBanco has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for WesBanco was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.89 on $277.8 million in revenues for the coming quarter and $3.59 on $1.09 billion in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Southeast is currently in the top 37% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. One other stock from the same industry, First Reliance Bancshares Inc. (FSRL), is yet to report results for the quarter ended June 2026. This company is expected to post quarterly earnings of $0.40 per share in its upcoming report, which represents a year-over-year change of +48.2%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. First Reliance Bancshares Inc.'s revenues are expected to be $13.14 million, down 5.6% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report WesBanco, Inc. (WSBC) : Free Stock Analysis Report First Reliance Bancshares Inc. (FSRL) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Find your next quality investment with Simply Wall St's easy and powerful screener, trusted by over 7 million individual investors worldwide. WesBanco (WSBC) heads into its upcoming after hours earnings release with investors watching closely, following prior misses on revenue, net interest income, and tangible book value per share, alongside fresh recognition from TIME and the S&P SmallCap 600. See our latest analysis for WesBanco. Despite the recent recognition from TIME and the S&P SmallCap 600, WesBanco’s share price return has been firm, with a 30 day share price return of 11.68% and a 1 year total shareholder return of 29.74%. The 5 year total shareholder return of 57.06% points to momentum that has been building rather than fading ahead of this week’s earnings update. If this earnings setup has you thinking more broadly about financial stocks and long term compounding, it could be a good moment to widen your search with the 18 top founder-led companies After a strong recent run, WesBanco now sits roughly in line with analyst price targets, yet at an estimated 23% discount to intrinsic value. Is the market’s caution around this regional bank still warranted? WesBanco closed at $40.53 compared to a widely followed fair value narrative of about $39.25, so the story behind that small gap matters more than the headline number. Read the complete narrative. Curious what kind of revenue build, margin lift, and future earnings multiple are baked into that fair value for WesBanco? The narrative leans on compounded top line growth, thicker profitability, and a future valuation profile that edges below many current bank benchmarks, all wired together using a single discount rate and a detailed earnings path that is not obvious from the share price alone. Result: Fair Value of $39.25 (OVERVALUED) Have a read of the narrative in full and understand what's behind the forecasts. However, WesBanco’s reliance on commercial real estate and its concentration in Midwest and Appalachian markets could quickly challenge this fair value story if conditions soften. Find out about the key risks to this WesBanco narrative. The SWS DCF model points to WesBanco trading about 23.5% below an estimated future cash flow value of $52.98, in contrast to the popular narrative that sees the stock as 3.3% overvalued around $39.25. If both models are looking at the same bank, which one deserves more weight in your own work? Look into how the SWS DCF model arrives at its fair value. If this mix of optimism and caution around WesBanco has you on the fence, move quickly and pressure test the thesis against the 4 key rewards If WesBanco has sharpened your focus on quality, do not stop here. Widen your net and give yourself more ways to put your capital to work. Target resilient compounding by scanning companies in the 45 high quality undervalued stocks. Strengthen your income stream by reviewing the 9 dividend fortresses that combine yield with staying power. Protect your downside first by focusing on the 80 resilient stocks with low risk scores before the crowd catches on. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include WSBC. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email [email protected]

For the quarter ended June 2026, WesBanco (WSBC) reported revenue of $275.79 million, up 5.8% over the same period last year. EPS came in at $0.92, compared to $0.91 in the year-ago quarter. The reported revenue represents a surprise of +3.04% over the Zacks Consensus Estimate of $267.67 million. With the consensus EPS estimate being $0.86, the EPS surprise was +6.98%. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health. As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately. Here is how WesBanco performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Net Interest Margin: 3.6% versus 3.6% estimated by three analysts on average. Efficiency Ratio: 51.2% versus the three-analyst average estimate of 55.9%. Average Balance - Total earning assets: $24.67 billion compared to the $24.77 billion average estimate based on three analysts. Annualized net loan charge-offs and recoveries /average loans: 0% compared to the 0.2% average estimate based on two analysts. Total non-performing loans: $146.06 million versus $137.38 million estimated by two analysts on average. Total Non-Interest Income: $53.63 million compared to the $44.07 million average estimate based on three analysts. Digital banking income: $7.41 million versus the two-analyst average estimate of $7.2 million. Bank-owned life insurance: $4.32 million versus $3.75 million estimated by two analysts on average. Other income: $8.99 million versus $4.27 million estimated by two analysts on average. Service charges on deposits: $11.55 million compared to the $11.26 million average estimate based on two analysts. Net Interest Income: $222.16 million versus $223.57 million estimated by two analysts on average. Mortgage banking income: $1.06 million compared to the $2.09 million average estimate based on two analysts. View all Key Company Metrics for WesBanco here>>> Shares of WesBanco have returned +10.4% over the past month versus the Zacks S&P 500 composite's -0.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report WesBanco, Inc. (WSBC) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research