WesBanco Announces Second Quarter 2026 Financial Results

WesBanco Announces Second Quarter 2026 Financial Results July 21, 2026 Marked by strong annualized loan growth, top-tier efficiency ratio, and accelerating growth in targeted expansion markets , /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). For the Three Months Ended June 30, For the Six Months Ended June 30, 2026 2025 2026 2025 (unaudited, dollars in thousands, except per share amounts) Net Income Diluted Earnings Per Share Net Income Diluted Earnings Per Share Net Income Diluted Earnings Per Share Net Income Diluted Earnings Per Share Net income available to common shareholders (GAAP) $ 88,437 $ 0.91 $ 54,884 $ 0.57 $ 172,832 $ 1.79 $ 43,360 $ 0.50 Add: After-tax restructuring and merger- related expenses 792 0.01 32,434 0.34 3,726 0.04 48,242 0.56 Add: After-tax day one provision for credit losses on acquired loans - - - - - - 46,926 0.54 Adjusted net income available to common shareholders (Non-GAAP)(1) $ 89,229 $ 0.92 $ 87,318 $ 0.91 $ 176,558 $ 1.83 $ 138,528 $ 1.60 (1) See non-GAAP financial measures for additional information relating to the calculation of these items. 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 growthIncreased net interest margin 4 basis points year-over-year to 3.63%, primarily driven by lower funding costs and asset repricingAchieved 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 valuesImproved 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 leverageAdvanced 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 2027Recently 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. WESBANCO, INC. Consolidated Selected Financial Highlights Page 5 (unaudited, dollars in thousands, except shares and per share amounts) For the Three Months Ended For the Six Months Ended Statement of Income June 30, June 30, Interest and dividend income 2026 2025 % Change 2026 2025 % Change Loans, including fees $ 287,916 $ 290,104 (0.8) $ 568,904 $ 508,512 11.9 Interest and dividends on securities: Taxable 32,083 31,066 3.3 63,526 53,314 19.2 Tax-exempt 4,833 4,616 4.7 9,657 9,145 5.6 Total interest and dividends on securities 36,916 35,682 3.5 73,183 62,459 17.2 Other interest income 8,219 10,596 (22.4) 16,587 18,643 (11.0) Total interest and dividend income 333,051 336,382 (1.0) 658,674 589,614 11.7 Interest expense Interest bearing demand deposits 30,567 30,405 0.5 59,935 59,782 0.3 Money market deposits 33,650 36,287 (7.3) 65,804 57,422 14.6 Savings deposits 11,029 8,670 27.2 21,147 16,029 31.9 Certificates of deposit 20,590 21,442 (4.0) 43,181 39,999 8.0 Total interest expense on deposits 95,836 96,804 (1.0) 190,067 173,232 9.7 Federal Home Loan Bank borrowings 10,390 16,683 (37.7) 21,705 29,718 (27.0) Other short-term borrowings 565 816 (30.8) 1,163 1,938 (40.0) Subordinated debt and junior subordinated debt 4,098 5,310 (22.8) 8,177 9,438 (13.4) Total interest expense 110,889 119,613 (7.3) 221,112 214,326 3.2 Net interest income 222,162 216,769 2.5 437,562 375,288 16.6 Provision for credit losses 9,185 3,218 185.4 8,288 72,101 (88.5) Net interest income after provision for credit losses 212,977 213,551 (0.3) 429,274 303,187 41.6 Non-interest income Trust fees 9,830 9,657 1.8 20,272 18,355 10.4 Service charges on deposits 11,546 10,484 10.1 22,507 19,070 18.0 Digital banking income 7,410 7,325 1.2 14,008 12,730 10.0 Net swap fee and valuation income 3,135 746 320.2 4,197 1,706 146.0 Net securities brokerage revenue 3,670 3,348 9.6 7,142 6,049 18.1 Bank-owned life insurance 4,317 3,450 25.1 8,127 6,878 18.2 Mortgage banking income 1,055 2,364 (55.4) 1,974 3,504 (43.7) Net securities gains 1,644 1,410 16.6 1,631 1,092 49.4 Net gains on other real estate owned and other assets 2,036 111 NM 2,583 71 NM Other income 8,989 5,062 77.6 13,021 9,167 42.0 Total non-interest income 53,632 43,957 22.0 95,462 78,622 21.4 Non-interest expense Salaries and wages 66,402 60,153 10.4 130,366 108,730 19.9 Employee benefits 19,148 18,857 1.5 36,759 31,827 15.5 Net occupancy 7,863 8,119 (3.2) 16,393 15,897 3.1 Equipment and software 15,640 17,140 (8.8) 31,317 30,190 3.7 Marketing 2,271 1,864 21.8 3,798 4,246 (10.6) FDIC insurance 4,168 5,479 (23.9) 8,951 9,666 (7.4) Amortization of intangible assets 7,141 9,204 (22.4) 14,301 13,427 6.5 Restructuring and merger-related expense 1,003 41,056 (97.6) 4,716 61,066 (92.3) Other operating expenses  25,450 24,663 3.2 49,187 45,451 8.2 Total non-interest expense 149,086 186,535 (20.1) 295,788 320,500 (7.7) Income before provision for income taxes 117,523 70,973 65.6 228,948 61,309 273.4 Provision for income taxes 24,846 13,558 83.3 47,635 12,886 269.7 Net Income 92,677 57,415 61.4 181,313 48,423 274.4 Preferred stock dividends 4,240 2,531 67.5 8,481 5,063 67.5 Net income available to common shareholders $ 88,437 $ 54,884 61.1 $ 172,832 $ 43,360 298.6 Taxable equivalent net interest income $ 223,447 $ 217,996 2.5 $ 440,129 $ 377,719 16.5 Per common share data Net income per common share - basic $ 0.92 $ 0.57 61.4 $ 1.80 $ 0.50 260.0 Net income per common share - diluted 0.91 0.57 59.6 1.79 0.50 258.0 Adjusted net income per common share - diluted, excluding certain items (1) (2) 0.92 0.91 1.1 1.83 1.60 14.4 Dividends declared 0.38 0.37 2.7 0.76 0.74 2.7 Book value (period end) 40.53 38.28 5.9 40.53 38.28 5.9 Tangible book value (period end) (1) 22.98 20.48 12.2 22.98 20.48 12.2 Average common shares outstanding - basic 96,028,958 95,744,980 0.3 96,066,022 86,339,970 11.3 Average common shares outstanding - diluted 96,703,880 95,808,310 0.9 96,506,410 86,466,701 11.6 Period end common shares outstanding 95,869,209 95,986,023 (0.1) 95,869,209 95,986,023 (0.1) Period end preferred shares outstanding 230,000 150,000 53.3 230,000 150,000 53.3 (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 WESBANCO, INC. Consolidated Selected Financial Highlights Page 6 (unaudited, dollars in thousands, unless otherwise noted) Selected ratios For the Six Months Ended June 30, 2026 2025 % Change Return on average assets 1.27 % 0.36 % 252.78 % Return on average assets, excluding certain items (1) (2) 1.29 1.14 13.16 Return on average equity 8.50 2.51 238.65 Return on average equity, excluding certain items (1) (2) 8.69 8.01 8.49 Return on average tangible equity (1) 15.40 5.38 186.25 Return on average tangible equity, excluding certain items (1) (2) 15.71 14.85 5.79 Return on average tangible common equity (1) 16.98 5.79 193.26 Return on average tangible common equity, excluding certain items (1) (2) 17.33 15.99 8.38 Yield on earning assets (3) 5.41 5.46 (0.92) Cost of interest bearing liabilities 2.50 2.73 (8.42) Net interest spread (3) 2.91 2.73 6.59 Net interest margin (3) 3.60 3.48 3.45 Efficiency (1) (3) 51.83 53.91 (3.86) Average loans to average deposits 88.97 89.42 (0.50) Annualized net loan charge-offs/average loans 0.09 0.09 - Effective income tax rate 20.81 21.02 (1.00) For the Three Months Ended June 30, Mar. 31, Dec. 31, Sept. 30, June 30, 2026 2026 2025 2025 2025 Return on average assets 1.29 % 1.24 % 1.13 % 1.17 % 0.81 % Return on average assets, excluding certain items (1) (2) 1.30 1.29 1.17 1.30 1.28 Return on average equity 8.63 8.38 7.58 8.25 5.76 Return on average equity, excluding certain items (1) (2) 8.71 8.67 7.85 9.16 9.17 Return on average tangible equity (1) 15.56 15.25 13.93 15.86 11.27 Return on average tangible equity, excluding certain items (1) (2) 15.69 15.74 14.39 17.48 17.16 Return on average tangible common equity (1) 17.14 16.82 15.87 17.26 12.06 Return on average tangible common equity, excluding certain items (1) (2) 17.28 17.37 16.39 19.03 18.36 Yield on earning assets (3) 5.44 5.38 5.51 5.58 5.56 Cost of interest bearing liabilities 2.50 2.50 2.62 2.79 2.69 Net interest spread (3) 2.94 2.88 2.88 2.79 2.87 Net interest margin (3) 3.63 3.57 3.61 3.53 3.59 Efficiency (1) (3) 51.17 52.54 51.62 52.13 52.30 Average loans to average deposits 88.89 89.05 88.78 89.41 89.47 Annualized net loan charge-offs and recoveries /average loans 0.02 0.16 0.06 0.19 0.09 Effective income tax rate 21.14 20.45 20.51 19.10 19.10 Trust and Investment Services assets under management (4) $ 8,227 $ 7,810 $ 7,886 $ 7,688 $ 7,205 Broker-dealer securities account values (including annuities) (4) $ 2,704 $ 2,574 $ 2,481 $ 2,588 $ 2,554 (1) See non-GAAP financial measures for additional information relating to the calculation of this item. (2) Certain items excluded from the calculation can consist of after-tax restructuring and merger-related expenses and the after-tax day one provision for credit losses on acquired loans. (3) The yield on earning assets, net interest margin, net interest spread and efficiency ratios are presented on a fully taxable-equivalent (FTE) and annualized basis. The FTE basis adjusts for the tax benefit of income on certain tax-exempt loans and investments. WesBanco believes this measure to be the preferred industry measurement of net interest income and provides a relevant comparison between taxable and non-taxable amounts. (4) Represents market value at period end, in millions. WESBANCO, INC. Consolidated Selected Financial Highlights Page 7 (unaudited, dollars in thousands, except shares) % Change Balance sheet June 30, December 31, June 30, 2026 Assets 2026 2025 % Change 2025 to Dec 31, 2025 Cash and due from banks $ 226,961 $ 402,755 (43.6) $ 204,860 10.8 Due from banks - interest bearing 644,813 754,275 (14.5) 751,249 (14.2) Securities: Equity securities, at fair value 19,060 29,538 (35.5) 30,809 (38.1) Available-for-sale debt securities, at fair value 3,312,972 3,222,819 2.8 3,288,332 0.7 Held-to-maturity debt securities (fair values of $1,005,725, $1,006,110 and $1,035,957, respectively) 1,107,751 1,137,782 (2.6) 1,132,114 (2.2) Allowance for credit losses, held-to-maturity debt securities (165) (178) 7.3 (168) 1.8 Net held-to-maturity debt securities 1,107,586 1,137,604 (2.6) 1,131,946 (2.2) Total securities 4,439,618 4,389,961 1.1 4,451,087 (0.3) Loans held for sale 57,318 123,019 (53.4) 87,454 (34.5) Portfolio loans: Commercial real estate 11,093,370 10,600,210 4.7 10,938,834 1.4 Commercial and industrial 2,949,863 2,819,096 4.6 2,863,893 3.0 Residential real estate 3,939,813 3,939,796 0.0 3,938,585 0.0 Home equity 1,191,809 1,052,334 13.3 1,129,394 5.5 Consumer 304,111 417,190 (27.1) 355,726 (14.5) Total portfolio loans, net of unearned income 19,478,966 18,828,626 3.5 19,226,432 1.3 Allowance for credit losses - loans (217,775) (223,866) 2.7 (218,749) 0.4 Net portfolio loans 19,261,191 18,604,760 3.5 19,007,683 1.3 Premises and equipment, net 248,200 274,137 (9.5) 263,240 (5.7) Accrued interest receivable 102,342 106,410 (3.8) 106,651 (4.0) Goodwill and other intangible assets, net 1,709,084 1,745,170 (2.1) 1,723,385 (0.8) Bank-owned life insurance 562,297 552,051 1.9 557,512 0.9 Other assets 545,093 619,038 (11.9) 543,212 0.3 Total Assets $ 27,796,917 $ 27,571,576 0.8 $ 27,696,333 0.4 Liabilities Deposits: Non-interest bearing demand $ 5,287,995 $ 5,328,181 (0.8) $ 5,376,767 (1.7) Interest bearing demand 5,364,937 4,865,091 10.3 5,186,880 3.4 Money market 5,012,414 4,825,154 3.9 5,072,039 (1.2) Savings deposits 3,335,823 3,192,943 4.5 3,157,782 5.6 Certificates of deposit 2,591,047 2,943,187 (12.0) 2,875,372 (9.9) Total deposits 21,592,216 21,154,556 2.1 21,668,840 (0.4) Federal Home Loan Bank borrowings 1,350,000 1,750,000 (22.9) 1,200,000 12.5 Other short-term borrowings 88,419 103,666 (14.7) 110,679 (20.1) Subordinated debt and junior subordinated debt 308,837 357,762 (13.7) 308,529 0.1 Total borrowings 1,747,256 2,211,428 (21.0) 1,619,208 7.9 Accrued interest payable 17,567 25,967 (32.3) 19,150 (8.3) Other liabilities 330,193 360,405 (8.4) 357,222 (7.6) Total Liabilities 23,687,232 23,752,356 (0.3) 23,664,420 0.1 Shareholders' Equity Preferred stock, no par value; 1,000,000 shares authorized; 0, 150,000 and 0 shares of 6.75% non-cumulative perpetual preferred stock, Series A, liquidation preference $150.0 million, issued and outstanding, respectively - 144,484 (100.0) - - Preferred stock, no par value, 1,000,000 shares authorized; 230,000, 0 and 230,000 shares of 7.375% non-cumulative perpetual preferred stock, Series B, liquidation preference $230.0 million, issued and outstanding, respectively 224,187 - 100.0 224,187 - Common stock, $2.0833 par value; 200,000,000 shares authorized; 96,191,910, 95,986,023 and 96,067,559 shares issued; 95,869,209, 95,986,023 and 96,067,559 shares outstanding, respectively 200,396 199,967 0.2 200,137 0.1 Capital surplus 2,498,629 2,485,458 0.5 2,490,440 0.3 Retained earnings 1,352,870 1,165,058 16.1 1,252,765 8.0 Treasury stock (322,701, 0 and 0 shares - at cost, respectively) (10,924) - 100.0 - 100.0 Accumulated other comprehensive loss (153,157) (173,644) 11.8 (133,320) (14.9) Deferred benefits for directors (2,316) (2,103) (10.1) (2,296) (0.9) Total Shareholders' Equity 4,109,685 3,819,220 7.6 4,031,913 1.9 Total Liabilities and Shareholders' Equity $ 27,796,917 $ 27,571,576 0.8 $ 27,696,333 0.4 WESBANCO, INC. Consolidated Selected Financial Highlights Page 8 (unaudited, dollars in thousands, except shares) Balance sheet June 30, March 31, Assets 2026 2026 % Change Cash and due from banks $ 226,961 $ 214,453 5.8 Due from banks - interest bearing 644,813 745,957 (13.6) Securities: Equity securities, at fair value 19,060 30,256 (37.0) Available-for-sale debt securities, at fair value 3,312,972 3,298,237 0.4 Held-to-maturity debt securities (fair values of $1,005,725 and $1,011,303, respectively) 1,107,751 1,120,597 (1.1) Allowance for credit losses, held-to-maturity debt securities (165) (151) (9.3) Net held-to-maturity debt securities 1,107,586 1,120,446 (1.1) Total securities 4,439,618 4,448,939 (0.2) Loans held for sale 57,318 59,281 (3.3) Portfolio loans: Commercial real estate 11,093,370 10,902,275 1.8 Commercial and industrial 2,949,863 2,785,440 5.9 Residential real estate 3,939,813 3,920,209 0.5 Home equity 1,191,809 1,149,878 3.6 Consumer 304,111 324,879 (6.4) Total portfolio loans, net of unearned income 19,478,966 19,082,681 2.1 Allowance for credit losses - loans (217,775) (210,023) (3.7) Net portfolio loans 19,261,191 18,872,658 2.1 Premises and equipment, net 248,200 251,325 (1.2) Accrued interest receivable 102,342 105,288 (2.8) Goodwill and other intangible assets, net 1,709,084 1,716,225 (0.4) Bank-owned life insurance 562,297 560,773 0.3 Other assets 545,093 507,556 7.4 Total Assets $ 27,796,917 $ 27,482,455 1.1 Liabilities Deposits: Non-interest bearing demand $ 5,287,995 $ 5,223,034 1.2 Interest bearing demand 5,364,937 5,505,382 (2.6) Money market 5,012,414 4,904,510 2.2 Savings deposits 3,335,823 3,306,044 0.9 Certificates of deposit 2,591,047 2,729,304 (5.1) Total deposits 21,592,216 21,668,274 (0.4) Federal Home Loan Bank borrowings 1,350,000 975,000 38.5 Other short-term borrowings 88,419 114,068 (22.5) Subordinated debt and junior subordinated debt 308,837 308,683 0.0 Total borrowings 1,747,256 1,397,751 25.0 Accrued interest payable 17,567 19,917 (11.8) Other liabilities 330,193 325,905 1.3 Total Liabilities 23,687,232 23,411,847 1.2 Shareholders' Equity Preferred stock, no par value, 1,000,000 shares authorized; 230,000, shares of 7.375% non-cumulative perpetual preferred stock, Series B, liquidation preference $230.0 million, issued and outstanding, respectively 224,187 224,187 - Common stock, $2.0833 par value; 200,000,000 shares authorized; 96,191,910 and 96,134,158 shares issued; 95,869,209 and 96,134,158 shares outstanding, respectively 200,396 200,276 0.1 Capital surplus 2,498,629 2,495,091 0.1 Retained earnings 1,352,870 1,300,628 4.0 Treasury stock (322,701 and 0 shares - at cost, respectively) (10,924) - 100.0 Accumulated other comprehensive loss (153,157) (147,195) (4.1) Deferred benefits for directors (2,316) (2,379) 2.6 Total Shareholders' Equity 4,109,685 4,070,608 1.0 Total Liabilities and Shareholders' Equity $ 27,796,917 $ 27,482,455 1.1 WESBANCO, INC. Consolidated Selected Financial Highlights Page 9 (unaudited, dollars in thousands) Average balance sheet and net interest margin analysis For the Three Months Ended June 30, For the Six Months Ended June 30, 2026 2025 2026 2025 Average Average Average Average Average Average Average Average Assets Balance Rate Balance Rate Balance Rate Balance Rate Due from banks - interest bearing $ 716,620 3.89 % $ 746,583 4.79 % $ 731,085 3.90 % $ 675,962 4.76 % Loans, net of unearned income (1) 19,240,187 6.00 18,903,459 6.16 19,214,689 5.97 16,823,658 6.10 Securities: (2) Taxable 3,921,258 3.28 3,881,680 3.21 3,912,760 3.27 3,567,118 3.01 Tax-exempt (3) 733,614 3.34 731,866 3.20 736,525 3.35 732,482 3.19 Total securities 4,654,872 3.29 4,613,546 3.21 4,649,285 3.29 4,299,600 3.04 Other earning assets 57,148 8.86 87,138 7.75 59,697 8.26 74,336 7.31 Total earning assets (3) 24,668,827 5.44 % 24,350,726 5.56 % 24,654,756 5.41 % 21,873,556 5.46 % Other assets 2,845,563 2,953,974 2,867,704 2,586,357 Total Assets $ 27,514,390 $ 27,304,700 $ 27,522,460 $ 24,459,913 Liabilities and Shareholders' Equity Interest bearing demand deposits $ 5,432,483 2.26 % $ 4,885,687 2.50 % $ 5,380,121 2.25 % $ 4,531,324 2.66 % Money market accounts 4,936,974 2.73 4,830,592 3.01 4,919,115 2.70 4,025,925 2.88 Savings deposits 3,318,841 1.33 3,122,815 1.11 3,278,372 1.30 2,865,410 1.13 Certificates of deposit 2,662,394 3.10 2,960,970 2.90 2,744,568 3.17 2,575,458 3.13 Total interest bearing deposits 16,350,692 2.35 15,800,064 2.46 16,322,176 2.35 13,998,117 2.50 Federal Home Loan Bank borrowings 1,040,934 4.00 1,585,821 4.22 1,097,790 3.99 1,378,552 4.35 Repurchase agreements 101,809 2.23 118,988 2.75 104,581 2.24 140,829 2.78 Subordinated debt and junior subordinated debt 308,740 5.32 357,379 5.96 308,663 5.34 331,488 5.74 Total interest bearing liabilities (4) 17,802,175 2.50 % 17,862,252 2.69 % 17,833,210 2.50 % 15,848,986 2.73 % Non-interest bearing demand deposits 5,294,900 5,328,576 5,275,299 4,816,070 Other liabilities 306,434 294,359 315,135 308,189 Shareholders' equity 4,110,881 3,819,513 4,098,816 3,486,668 Total Liabilities and Shareholders' Equity $ 27,514,390 $ 27,304,700 $ 27,522,460 $ 24,459,913 Taxable equivalent net interest spread 2.94 % 2.87 % 2.91 % 2.73 % Taxable equivalent net interest margin 3.63 % 3.59 % 3.60 % 3.48 % (1) Gross of allowance for credit losses, net of unearned income and includes non-accrual loans and loans held for sale. Loan fees included in interest income on loans were $2.1 million and $2.5 million for the three months ended June 30, 2026 and 2025, respectively, and were $3.9 million and $4.1 million for the six months ended June 30, 2026 and 2025, respectively. Additionally, loan accretion included in interest income on loans acquired from prior acquisitions was $14.7 million and $16.5 million for the three months ended June 30, 2026 and 2025, respectively, and was $28.0 million and $23.3 million for the six months ended June 30, 2026 and 2025, respectively. (2) Average yields on available-for-sale securities are calculated based on amortized cost. (3) Taxable equivalent basis is calculated on tax-exempt securities using a rate of 21% for each period presented. (4) Accretion on interest bearing liabilities acquired from prior acquisitions was $0.1 million and $5.6 million for the three months ended June 30, 2026 and 2025, respectively, and was $0.4 million and $7.8 million for the six months ended June 30, 2026 and 2025, respectively. WESBANCO, INC. Consolidated Selected Financial Highlights Page 10 (unaudited, dollars in thousands, except shares and per share amounts) Quarter Ended Statement of Income June 30, March 31, Dec. 31, Sept. 30, June 30, Interest and dividend income 2026 2026 2025 2025 2025 Loans, including fees $ 287,916 $ 280,989 $ 293,208 $ 295,482 $ 290,104 Interest and dividends on securities: Taxable 32,083 31,443 31,546 31,483 31,066 Tax-exempt 4,833 4,824 4,865 4,692 4,616 Total interest and dividends on securities 36,916 36,267 36,411 36,175 35,682 Other interest income 8,219 8,368 9,821 11,229 10,596 Total interest and dividend income 333,051 325,624 339,440 342,886 336,382 Interest expense Interest bearing demand deposits 30,567 29,368 29,821 31,351 30,405 Money market deposits 33,650 32,151 36,166 38,249 36,287 Savings deposits 11,029 10,119 9,570 9,577 8,670 Certificates of deposit 20,590 22,591 24,235 23,554 21,442 Total interest expense on deposits 95,836 94,229 99,792 102,731 96,804 Federal Home Loan Bank borrowings 10,390 11,316 11,378 17,337 16,683 Other short-term borrowings 565 598 730 766 816 Subordinated debt and junior subordinated debt 4,098 4,080 5,243 5,336 5,310 Total interest expense 110,889 110,223 117,143 126,170 119,613 Net interest income 222,162 215,401 222,297 216,716 216,769 Provision for credit losses 9,185 (897) 3,059 2,082 3,218 Net interest income after provision for credit losses 212,977 216,298 219,238 214,634 213,551 Non-interest income Trust fees 9,830 10,442 9,745 8,987 9,657 Service charges on deposits 11,546 10,961 11,159 11,163 10,484 Digital banking income 7,410 6,599 6,422 7,324 7,325 Net swap fee and valuation income 3,135 1,062 3,959 3,231 746 Net securities brokerage revenue 3,670 3,472 2,836 2,961 3,348 Bank-owned life insurance 4,317 3,811 4,458 3,765 3,450 Mortgage banking income 1,055 919 791 1,898 2,364 Net securities gains / (losses) 1,644 (13) 1,077 1,210 1,410 Net gains / (losses) on other real estate owned and other assets 2,036 546 (824) 329 111 Other income 8,989 4,032 3,647 3,996 5,062 Total non-interest income 53,632 41,831 43,270 44,864 43,957 Non-interest expense Salaries and wages 66,402 63,964 61,664 60,583 60,153 Employee benefits 19,148 17,611 17,148 18,040 18,857 Net occupancy 7,863 8,529 8,522 8,819 8,119 Equipment and software 15,640 15,678 16,110 16,310 17,140 Marketing 2,271 1,526 2,636 2,979 1,864 FDIC insurance 4,168 4,784 5,411 5,820 5,479 Amortization of intangible assets 7,141 7,160 7,217 8,425 9,204 Restructuring and merger-related expense 1,003 3,713 3,483 11,383 41,056 Other operating expenses  25,450 23,740 25,697 23,829 24,663 Total non-interest expense 149,086 146,705 147,888 156,188 186,535 Income before provision for income taxes 117,523 111,424 114,620 103,310 70,973 Provision for income taxes 24,846 22,789 23,510 19,737 13,558 Net Income 92,677 88,635 91,110 83,573 57,415 Preferred stock dividends 4,240 4,240 12,948 2,531 2,531 Net income available to common shareholders $ 88,437 $ 84,395 $ 78,162 $ 81,042 $ 54,884 Taxable equivalent net interest income $ 223,447 $ 216,683 $ 223,590 $ 217,963 $ 217,996 Per common share data Net income per common share - basic $ 0.92 $ 0.88 $ 0.81 $ 0.84 $ 0.57 Net income per common share - diluted 0.91 0.88 0.81 0.84 0.57 Adjusted net income per common share - diluted, excluding certain items (1) (2) 0.92 0.91 0.84 0.94 0.91 Dividends declared 0.38 0.38 0.38 0.37 0.37 Book value (period end) 40.53 40.01 39.64 39.02 38.28 Tangible book value (period end) (1) 22.98 22.45 22.01 21.29 20.48 Average common shares outstanding - basic 96,028,958 96,103,497 96,053,336 95,995,174 95,744,980 Average common shares outstanding - diluted 96,703,880 96,309,352 96,226,845 96,116,617 95,808,310 Period end common shares outstanding 95,869,209 96,134,158 96,067,559 96,044,222 95,986,023 Period end preferred shares outstanding 230,000 230,000 230,000 380,000 150,000 Full time equivalent employees 2,996 2,973 3,030 3,064 3,253 (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. WESBANCO, INC. Consolidated Selected Financial Highlights Page 11 (unaudited, dollars in thousands) Quarter Ended June 30, March 31, Dec. 31, Sept. 30, June 30, Asset quality data 2026 2026 2025 2025 2025 Non-performing assets: Total non-performing loans $ 146,058 $ 145,008 $ 91,584 $ 94,463 $ 84,319 Other real estate and repossessed assets 1,391 1,323 907 997 958 Total non-performing assets $ 147,449 $ 146,331 $ 92,491 $ 95,460 $ 85,277 Past due loans (1): Loans past due 30-89 days $ 67,388 $ 89,877 $ 91,199 $ 80,333 $ 65,401 Loans past due 90 days or more 21,783 16,210 37,783 19,430 20,890 Total past due loans $ 89,171 $ 106,087 $ 128,982 $ 99,763 $ 86,291 Loans past due 30-89 days / total portfolio loans 0.35 % 0.47 % 0.47 % 0.42 % 0.35 % Loans past due 90 days or more / total portfolio loans 0.11 0.08 0.20 0.10 0.11 Non-performing loans / total portfolio loans 0.75 0.76 0.48 0.50 0.45 Non-performing assets / total portfolio loans, other real estate and repossessed assets 0.76 0.77 0.48 0.50 0.45 Non-performing assets / total assets 0.53 0.53 0.33 0.35 0.31 Allowance for credit losses Allowance for credit losses - loans $ 217,775 $ 210,023 $ 218,749 $ 217,666 $ 223,866 Allowance for credit losses - loan commitments 7,740 7,212 6,950 7,628 6,168 Provision for credit losses 9,185 (897) 3,059 2,082 3,218 Net loan and deposit account overdraft charge-offs and recoveries 892 7,584 2,666 8,867 4,329 Annualized net loan charge-offs and recoveries / average loans 0.02 % 0.16 % 0.06 % 0.19 % 0.09 % Allowance for credit losses - loans / total portfolio loans 1.12 % 1.10 % 1.14 % 1.15 % 1.19 % Allowance for credit losses - loans / non-performing loans 1.49 x 1.45 x 2.39 x 2.30 x 2.65 x Allowance for credit losses - loans / non-performing loans and loans past due 0.93 x 0.84 x 0.99 x 1.12 x 1.31 x June 30, Mar. 31, Dec. 31, Sept. 30, June 30, 2026 2026 2025 2025 2025 Capital ratios Tier I leverage capital 9.83 % 9.63 % 9.42 % 9.72 % 8.66 % Tier I risk-based capital 11.72 11.72 11.42 11.83 10.59 Total risk-based capital 14.18 14.19 13.92 14.58 13.40 Common equity tier 1 capital ratio (CET 1) 10.70 10.67 10.37 10.10 9.90 Average shareholders' equity to average assets 14.94 14.84 14.88 14.22 13.99 Tangible equity to tangible assets (2) 9.29 9.24 8.99 9.35 8.16 Tangible common equity to tangible assets (2) 8.44 8.37 8.13 7.92 7.60 (1) Excludes non-performing loans. (2) See non-GAAP financial measures for additional information relating to the calculation of this ratio. WESBANCO, INC. Non-GAAP Financial Measures Page 12 The following non-GAAP financial measures used by WesBanco provide information useful to investors in understanding WesBanco's operating performance and trends, and facilitate comparisons with the performance of WesBanco's peers. The following tables summarize the non-GAAP financial measures derived from amounts reported in WesBanco's financial statements. Three Months Ended Year to Date June 30, Mar. 31, Dec. 31, Sept. 30, June 30, June 30, (unaudited, dollars in thousands, except shares and per share amounts) 2026 2026 2025 2025 2025 2026 2025 Return on average assets, excluding certain items: Net income available to common shareholders $ 88,437 $ 84,395 $ 78,162 $ 81,042 $ 54,884 $ 172,832 $ 43,360 Add: after-tax restructuring and merger-related expenses (1) 792 2,933 2,752 8,993 32,434 3,726 48,242 Add: after-tax day one provision for credit losses on acquired loans (1) - - - - - - 46,926 Net income available to common shareholders, excluding certain items 89,229 87,328 80,914 90,035 87,318 176,558 138,528 Average total assets $ 27,514,390 $ 27,530,620 $ 27,481,963 $ 27,419,726 $ 27,304,700 $ 27,522,460 $ 24,459,913 Return on average assets, excluding certain items (annualized) (2) 1.30 % 1.29 % 1.17 % 1.30 % 1.28 % 1.29 % 1.14 % Return on average equity, excluding certain items: Net income available to common shareholders $ 88,437 $ 84,395 $ 78,162 $ 81,042 $ 54,884 $ 172,832 $ 43,360 Add: after-tax restructuring and merger-related expenses (1) 792 2,933 2,752 8,993 32,434 3,726 48,242 Add: after-tax day one provision for credit losses on acquired loans (1) - - - - - - 46,926 Net income available to common shareholders excluding certain items 89,229 87,328 80,914 90,035 87,318 176,558 138,528 Average total shareholders' equity $ 4,110,881 $ 4,086,617 $ 4,088,456 $ 3,898,142 $ 3,819,513 $ 4,098,816 $ 3,486,668 Return on average equity, excluding certain items (annualized) (2) 8.71 % 8.67 % 7.85 % 9.16 % 9.17 % 8.69 % 8.01 % Return on average tangible equity: Net income available to common shareholders $ 88,437 $ 84,395 $ 78,162 $ 81,042 $ 54,884 $ 172,832 $ 43,360 Add: amortization of intangibles (1) 5,641 5,656 5,701 6,656 7,271 11,298 10,607 Net income available to common shareholders before amortization of intangibles 94,078 90,051 83,863 87,698 62,155 184,130 53,967 Average total shareholders' equity 4,110,881 4,086,617 4,088,456 3,898,142 3,819,513 4,098,816 3,486,668 Less: average goodwill and other intangibles, net of def. tax liability (1,685,204) (1,691,156) (1,700,188) (1,704,105) (1,608,358) (1,688,164) (1,461,946) Average tangible equity $ 2,425,677 $ 2,395,461 $ 2,388,268 $ 2,194,037 $ 2,211,155 $ 2,410,652 $ 2,024,722 Return on average tangible equity (annualized) (2) 15.56 % 15.25 % 13.93 % 15.86 % 11.27 % 15.40 % 5.38 % Average tangible common equity $ 2,201,490 $ 2,171,274 $ 2,096,528 $ 2,015,329 $ 2,066,671 $ 2,186,465 $ 1,880,238 Return on average tangible common equity (annualized) (2) 17.14 % 16.82 % 15.87 % 17.26 % 12.06 % 16.98 % 5.79 % Return on average tangible equity, excluding certain items: Net income available to common shareholders $ 88,437 $ 84,395 $ 78,162 $ 81,042 $ 54,884 $ 172,832 $ 43,360 Add: after-tax restructuring and merger-related expenses (1) 792 2,933 2,752 8,993 32,434 3,726 48,242 Add: amortization of intangibles (1) 5,641 5,656 5,701 6,656 7,271 11,298 10,607 Add: after-tax day one provision for credit losses on acquired loans (1) - - - - - - 46,926 Net income available to common shareholders before amortization of intangibles and excluding certain items 94,870 92,984 86,615 96,691 94,589 187,856 149,135 Average total shareholders' equity 4,110,881 4,086,617 4,088,456 3,898,142 3,819,513 4,098,816 3,486,668 Less: average goodwill and other intangibles, net of def. tax liability (1,685,204) (1,691,156) (1,700,188) (1,704,105) (1,608,358) (1,688,164) (1,461,946) Average tangible equity $ 2,425,677 $ 2,395,461 $ 2,388,268 $ 2,194,037 $ 2,211,155 $ 2,410,652 $ 2,024,722 Return on average tangible equity, excluding certain items (annualized) (2) 15.69 % 15.74 % 14.39 % 17.48 % 17.16 % 15.71 % 14.85 % Average tangible common equity $ 2,201,490 $ 2,171,274 $ 2,096,528 $ 2,015,329 $ 2,066,671 $ 2,186,465 $ 1,880,238 Return on average tangible common equity, excluding certain items (annualized) (2) 17.28 % 17.37 % 16.39 % 19.03 % 18.36 % 17.33 % 15.99 % Efficiency ratio: Non-interest expense $ 149,086 $ 146,705 $ 147,888 $ 156,188 $ 186,535 $ 295,788 $ 320,500 Less: amortization of intangibles (7,141) (7,160) (7,217) (8,245) (9,204) (14,301) (13,427) Less: restructuring and merger-related expense (1,003) (3,713) (3,483) (11,383) (41,056) (4,716) (61,066) Non-interest expense excluding restructuring and merger-related expense 140,942 135,832 137,188 136,380 136,275 276,771 246,007 Net interest income on a fully taxable equivalent basis 223,447 216,683 223,590 217,963 217,996 440,129 377,719 Non-interest income, excluding net securities gains 51,988 41,844 42,193 43,654 42,547 93,831 78,622 Net interest income on a fully taxable equivalent basis plus non-interest income $ 275,435 $ 258,527 $ 265,783 $ 261,617 $ 260,543 $ 533,960 $ 456,341 Efficiency ratio 51.17 % 52.54 % 51.62 % 52.13 % 52.30 % 51.83 % 53.91 % Adjusted net income available to common shareholders, excluding certain items: Net income available to common shareholders $ 88,437 $ 84,395 $ 78,162 $ 81,042 $ 54,884 $ 172,832 $ 43,360 Add: after-tax restructuring and merger-related expenses (1) 792 2,933 2,752 8,993 32,434 3,726 48,242 Add: after-tax day one provision for credit losses on acquired loans (1) - - - - - - 46,926 Adjusted net income available to common shareholders, excluding certain items: $ 89,229 $ 87,328 $ 80,914 $ 90,035 $ 87,318 $ 176,558 $ 138,528 Adjusted net income per common share - diluted, excluding certain items: Net income per common share - diluted $ 0.91 $ 0.88 $ 0.81 $ 0.84 $ 0.57 $ 1.79 $ 0.50 Add: after-tax restructuring and merger-related expenses per common share - diluted (1) 0.01 0.03 0.03 0.10 0.34 0.04 0.56 Add: after-tax day one provision for credit losses on acquired loans (1) - - - - - - 0.54 Adjusted net income per common share - diluted, excluding certain items: $ 0.92 $ 0.91 $ 0.84 $ 0.94 $ 0.91 $ 1.83 $ 1.60 Period End June 30, March 31, Dec. 31, Sept. 30, June 30, 2026 2026 2025 2025 2025 Tangible book value per share: Total shareholders' equity $ 4,109,685 $ 4,070,608 $ 4,031,913 $ 4,116,527 $ 3,819,220 Less: goodwill and other intangible assets, net of def. tax liability (1,682,457) (1,688,098) (1,693,755) (1,702,916) (1,709,001) Less: preferred shareholder's equity (224,187) (224,187) (224,187) (368,867) (144,484) Tangible common equity 2,203,041 2,158,323 2,113,971 2,044,744 1,965,735 Common shares outstanding 95,869,209 96,134,158 96,067,559 96,044,222 95,986,023 Tangible book value per share $ 22.98 $ 22.45 $ 22.01 $ 21.29 $ 20.48 Tangible common equity to tangible assets: Total shareholders' equity $ 4,109,685 $ 4,070,608 $ 4,031,913 $ 4,116,527 $ 3,819,220 Less: goodwill and other intangible assets, net of def. tax liability (1,682,457) (1,688,098) (1,693,755) (1,702,916) (1,709,001) Tangible equity 2,427,228 2,382,510 2,338,158 2,413,611 2,110,219 Less: preferred shareholder's equity (224,187) (224,187) (224,187) (368,867) (144,484) Tangible common equity 2,203,041 2,158,323 2,113,971 2,044,744 1,965,735 Total assets 27,796,917 27,482,455 27,696,333 27,518,042 27,571,576 Less: goodwill and other intangible assets, net of def. tax liability (1,682,457) (1,688,098) (1,693,755) (1,702,916) (1,709,001) Tangible assets $ 26,114,460 $ 25,794,357 $ 26,002,578 $ 25,815,126 $ 25,862,575 Tangible equity to tangible assets 9.29 % 9.24 % 8.99 % 9.35 % 8.16 % Tangible common equity to tangible assets 8.44 % 8.37 % 8.13 % 7.92 % 7.60 % (1) Tax effected at 21% for all periods presented. (2) The ratios are annualized by utilizing actual numbers of days in the quarter versus the year. WESBANCO, INC. Additional Non-GAAP Financial Measures Page 13 The following non-GAAP financial measures used by WesBanco provide information useful to investors in understanding WesBanco's operating performance and trends, and facilitate comparisons with the performance of WesBanco's peers. The following tables summarize the non-GAAP financial measures derived from amounts reported in WesBanco's financial statements. Three Months Ended Year to Date June 30, Mar. 31, Dec. 31, Sept. 30, June 30, June 30, (unaudited, dollars in thousands, except shares and per share amounts) 2026 2026 2025 2025 2025 2026 2025 Pre-tax, pre-provision income: Income before provision for income taxes $ 117,523 $ 111,424 $ 114,620 $ 103,310 $ 70,973 $ 228,948 $ 61,309 Add: provision for credit losses 9,185 (897) 3,059 2,082 3,218 8,288 72,101 Pre-tax, pre-provision income $ 126,708 $ 110,527 $ 117,679 $ 105,392 $ 74,191 $ 237,236 $ 133,410 Pre-tax, pre-provision income, excluding restructuring and merger-related expenses: Income before provision for income taxes $ 117,523 $ 111,424 $ 114,620 $ 103,310 $ 70,973 $ 228,948 $ 61,309 Add: provision for credit losses 9,185 (897) 3,059 2,082 3,218 8,288 72,101 Add: restructuring and merger-related expenses 1,003 3,713 3,483 11,383 41,056 4,716 61,066 Pre-tax, pre-provision income, excluding restructuring and merger-related expenses $ 127,711 $ 114,240 $ 121,162 $ 116,775 $ 115,247 $ 241,952 $ 194,476 Pre-tax, pre-provision return on average assets, excluding restructuring and merger-related expenses: Income before provision for income taxes $ 117,523 $ 111,424 $ 114,620 $ 103,310 $ 70,973 $ 228,948 $ 61,309 Add: provision for credit losses 9,185 (897) 3,059 2,082 3,218 8,288 72,101 Add: restructuring and merger-related expenses 1,003 3,713 3,483 # 11,383 41,056 4,716 61,066 Pre-tax, pre-provision income, excluding restructuring and merger-related expenses 127,711 114,240 121,162 # 116,775 115,247 241,952 194,476 Average total assets $ 27,514,390 $ 27,530,620 $ 27,481,963 $ 27,419,726 $ 27,304,700 $ 27,522,460 $ 24,459,913 Pre-tax, pre-provision return on average assets, excluding restructuring and merger-related expenses (annualized) (2) 1.86 % 1.68 % 1.75 % 1.69 % 1.69 % 1.77 % 1.60 % Pre-tax, pre-provision return on average equity, excluding restructuring and merger-related expenses: Income before provision for income taxes $ 117,523 $ 111,424 $ 114,620 $ 103,310 $ 70,973 $ 228,948 $ 61,309 Add: provision for credit losses 9,185 (897) 3,059 2,082 3,218 8,288 72,101 Add: restructuring and merger-related expenses 1,003 3,713 3,483 # 11,383 41,056 4,716 61,066 Pre-tax, pre-provision income, excluding restructuring and merger-related expenses 127,711 114,240 121,162 # 116,775 115,247 241,952 194,476 Average total shareholders' equity $ 4,110,881 $ 4,086,617 $ 4,088,456 $ 3,898,142 $ 3,819,513 $ 4,098,816 $ 3,486,668 Pre-tax, pre-provision return on average equity, excluding restructuring and merger-related expenses (annualized) (2) 12.46 % 11.34 % 11.76 % 11.88 % 12.10 % 11.90 % 11.25 % Pre-tax, pre-provision return on average tangible equity, excluding certain items (1): Income before provision for income taxes $ 117,523 $ 111,424 $ 114,620 $ 103,310 $ 70,973 $ 228,948 $ 61,309 Add: provision for credit losses 9,185 (897) 3,059 2,082 3,218 8,288 72,101 Add: amortization of intangibles 7,141 7,160 7,217 8,425 9,204 14,301 13,427 Add: restructuring and merger-related expenses 1,003 3,713 3,483 # 11,383 41,056 4,716 61,066 Pre-tax, pre-provision income before restructuring and merger-related expenses and amortization of intangibles 134,852 121,400 128,379 # 125,200 124,451 256,253 207,903 Average total shareholders' equity 4,110,881 4,086,617 4,088,456 3,898,142 3,819,513 4,098,816 3,486,668 Less: average goodwill and other intangibles, net of def. tax liability (1,685,204) (1,691,156) (1,700,188) (1,704,105) (1,608,358) (1,688,164) (1,461,946) Average tangible equity $ 2,425,677 $ 2,395,461 $ 2,388,268 $ 2,194,037 $ 2,211,155 $ 2,410,652 $ 2,024,722 Pre-tax, pre-provision return on average tangible equity, excluding certain items (annualized) (1) (2) 22.30 % 20.55 % 21.33 % 22.64 % 22.58 % 21.44 % 20.71 % Average tangible common equity $ 2,201,490 $ 2,171,274 $ 2,096,528 $ 2,015,329 $ 2,066,671 $ 2,186,465 $ 1,880,238 Pre-tax, pre-provision return on average tangible common equity, excluding certain items (annualized) (1) (2) 24.57 % 22.68 % 24.29 % 24.65 % 24.15 % 23.63 % 22.30 % (1) Certain items excluded from the calculations consist of credit provisions, tax provisions and restructuring and merger-related expenses. (2) The ratios are annualized by utilizing actual numbers of days in the quarter versus the year. View original content to download multimedia:https://www.prnewswire.com/news-releases/wesbanco-announces-second-quarter-2026-financial-results-302831242.html SOURCE WesBanco, Inc.