WesBanco (WSBC) investor relations material

Executive summary

• Net income available to common shareholders for Q2 2026 was $89.2 million ($0.92 per diluted share) excluding certain items, up from $54.9 million ($0.57 per share) in Q2 2025; six-month net income was $172.8 million ($1.79 per share), up from $43.4 million ($0.50 per share) year-over-year.

• Achieved strong sequential and year-over-year loan growth, with annualized loan growth of 8.3% sequentially and 3.5% year-over-year, and a record $2.3 billion commercial loan pipeline.

• Record fee income across brokerage, digital banking, and trust services, with trust assets under management and securities account values at all-time highs.

• Efficiency ratio improved to a record low of 51.2%, down over 1 percentage point year-over-year.

• Continued expansion in Florida, Northern Virginia, Tennessee, and South Florida, with new financial centers planned.

Financial highlights

• Net interest income for Q2 2026 was $222.2 million, up 2.5% year-over-year; net interest margin improved to 3.63%.

• Total assets reached $27.8 billion; portfolio loans at $19.5 billion, up 3.5% year-over-year.

• Deposits increased 2.1% year-over-year to $21.6 billion, with demand deposits comprising 49% of the total.

• Return on average tangible common equity was 17.3%.

• Efficiency ratio improved to 51.2%.

Outlook and guidance

• Expansion and organic growth strategies are focused on Northern Virginia, Tennessee, and South Florida, with new financial centers planned for Florida in 2027.

• Commercial loan pipeline at a record $2.3 billion, indicating strong future business development.

• Expect mid-single-digit loan growth for 2026, supported by the robust pipeline.

• Net interest margin projected to remain around 3.60% for the remainder of 2026.

• Quarterly expense run rate expected at $153 million in Q3 and Q4, reflecting expansion and merit increases.