WesBanco Announces Third Quarter 2026 Financial Results

Marked by strong annualized loan growth, solid efficiency ratio, and accelerating growth in targeted expansion markets 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 and nine months ended September 30, 2026. Net income available to common shareholders for the third quarter of 2026 was $85.3 million, or diluted earnings per share of $0.88, compared to $81.0 million, or diluted earnings per share of $0.84, respectively, for the third quarter of 2025. For the nine months ended September 30, 2026, net income was $258.1 million, or diluted earnings per share of $2.67, compared to $124.4 million, or diluted earnings per share of $1.39, for the comparable 2025 period. As noted below, WesBanco reported adjusted diluted earnings per share of $0.89, in the third quarter, as compared to adjusted diluted earnings per share of $0.94 in the prior year period, when excluding after-tax restructuring and merger-related expenses (non-GAAP). On a similar basis and excluding the after-tax day one provision for credit losses on acquired loans, WesBanco reported adjusted diluted earnings per share of $2.72, for the nine-month period, as compared to adjusted diluted earnings per share of $2.55 for the comparable 2025 period (non-GAAP). For the Three Months Ended September 30, For the Nine Months Ended September 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) $ 85,265 $ 0.88 $ 81,042 $ 0.84 $ 258,096 $ 2.67 $ 124,401 $ 1.39 Add: After-tax restructuring and merger-related expenses 577 0.01 8,993 0.10 4,302 0.05 57,235 0.63 Add: After-tax day one provision for credit losses on acquired loans - - - - - - 46,926 0.53 Adjusted net income available to common shareholders (non-GAAP) (1) $ 85,842 $ 0.89 $ 90,035 $ 0.94 $ 262,398 $ 2.72 $ 228,562 $ 2.55 (1) See non-GAAP financial measures for additional information relating to the calculation of these items. Financial and operational highlights for the quarter ended September 30, 2026: Generated annualized loan growth of 8.7% over the sequential quarter and 5.1% year-over-year as organic growth more than offset higher commercial real estate ("CRE") payoffs of approximately $370 million, which negatively impacted loan growth by roughly 1% Continued momentum in targeted expansion markets of Tennessee and South Florida, with Nashville and South Florida generating organic loan growth of more than $400 million Average loan to deposit ratio of 90.8% continues to provide capacity for additional loan growth, as loan growth leads deposit growth in our expansion markets Net interest margin increased by 7 basis points year-over-year to 3.60%, primarily driven by lower funding costs Achieved record fee income levels across service charges on deposits, digital banking, and treasury management, and generated $2.8 million in new commercial swap revenue Maintained a solid efficiency ratio of 52% due to a company-wide focus on driving positive operating leverage (non-GAAP) Disciplined growth strategy delivered year-to-date adjusted diluted earnings per share of $2.72, an increase of 6.7% year-over-year (non-GAAP) WesBanco Bank earned its ninth consecutive "Outstanding" Community Reinvestment Act Rating from the FDIC, an impressive span covering 25 years Recently recognized as one of the World's Top Performing Banks by Forbes "Our third quarter results reflect the continued strength of WesBanco's disciplined growth strategy and relationship-focused banking model," said Jeff Jackson, President and Chief Executive Officer. "Year-to-date adjusted diluted earnings per share increased nearly 7%, while we maintained solid positive operating leverage and generated strong organic loan growth that more than offset elevated commercial real estate payoffs. With strong momentum across our franchise and a robust commercial pipeline, we believe we are well positioned to build on that performance in the quarters ahead." Balance Sheet WesBanco's balance sheet, as of September 30, 2026, reflects organic growth and the impact of elevated CRE payoffs. Total assets increased 3.4% year-over-year to $28.5 billion, including total portfolio loans of $19.9 billion and total securities of $4.5 billion. Total portfolio loans increased 5.1% year-over-year due to organic growth of nearly $1 billion partially offset by higher CRE payoffs. CRE payoffs continued to remain at high levels, as expected, and totaled approximately $370 million during the third quarter of 2026, and nearly $1.5 billion through the last twelve months. The commercial loan pipeline has grown more than 50% since year-end to $1.8 billion, as of September 30, 2026. Deposits of $21.6 billion increased 1.5% year-over-year due to organic growth that more than offset the decline in higher cost certificates of deposit (CDs). Excluding CDs, total deposits increased $752 million, or 4.1%, year-over-year and 2.2% annualized sequentially. Total demand deposits represented 50% of total deposits, with the non-interest bearing component representing 24% of total deposits. Credit Quality The third quarter net provision for credit losses of $8.7 million was primarily due to higher loan balances and the charge-off of one commercial credit that was previously fully reserved. Excluded from the allowance for credit losses and the related coverage ratio is the remaining unaccreted discount on purchased loans from acquisitions representing 1.31% of total portfolio loans. Criticized and classified loans, which include non-performing portfolio loans, decreased $93 million, or 55 basis points, from the sequential quarter to 3.19% of total portfolio loans. Non-performing assets, which included a $19.2 million loan held for sale, represented 0.62% of total assets, an increase of 9 basis points sequentially due to two commercial credits in different industries and markets and residential 1-4 family mortgages being moved to non-accrual. The allowance for credit losses to total portfolio loans at September 30, 2026 was 1.08% of total loans, or $214.6 million. Net Interest Income and Margin Net interest income for the third quarter of 2026 was $226.9 million, an increase of $10.2 million, or 4.7% year-over-year, driven by loan growth, upward loan repricing, and higher securities yields. For the nine months ended September 30, 2026, net interest income of $664.4 million increased $72.4 million, or 12.2%, primarily due to the reasons discussed for the three-month period comparison. The third quarter net interest margin of 3.60% improved 7 basis points year-over-year primarily due to lower funding costs and was flat to the second quarter, when excluding the additional 3 basis points of accelerated accretion from an early payoff during the second quarter. Deposit funding costs of 239 basis points for the third quarter of 2026 decreased 17 basis points from the prior year period and were up 4 basis points from the second quarter. When including non-interest bearing deposits, deposit funding costs for the third quarter were 180 basis points. Non-Interest Income For the third quarter of 2026, non-interest income of $45.9 million increased $1.0 million, or 2.2%, from the third quarter of 2025 due primarily to higher net swap and valuation income, service charges on deposits, and trust fees. Gross swap fees were $2.8 million in the third quarter, compared to $3.2 million in the prior year period, while the fair value adjustment was $2.1 million, compared to a negligible gain in the prior year period. Service charges on deposits increased $1.1 million year-over-year due to an increase in monthly fees that took effect during June 2026, as well as increased general spending and higher transaction volumes. Trust fees of $9.7 million, increased $0.7 million year-over-year, due to higher assets under management. Mortgage banking income decreased $1.8 million from the prior year period due to more mortgage volume retained in the loan portfolio. Primarily reflecting the items discussed above, as well as net securities brokerage revenue and other income, non-interest income, for the nine months ended September 30, 2026, increased $17.8 million, or 14.4%, year-over-year to $141.3 million. Reflecting strong asset levels, net securities brokerage revenue increased $1.4 million, due to the addition of PFC wealth clients, market value appreciation, and organic growth. Other income included a non-recurring $4.8 million retirement plan gain. Non-Interest Expense Non-interest expense, excluding restructuring and merger-related costs, for the three months ended September 30, 2026 was $150.1 million, a $5.3 million, or 3.7%, increase year-over-year primarily due to higher salaries and wages offset by discretionary expense management. Salaries and wages of $69.1 million increased due to hiring efforts in Florida and Nashville during the second quarter, and mid-year merit increases. Marketing expense increased $2.0 million in support of our new expansion markets. FDIC insurance expense of $4.6 million decreased due to a lower assessment rate associated with our improved financial ratios. Amortization of intangible assets of $7.1 million, which was consistent with the last two quarters, decreased $1.3 million year-over-year due to the core deposit intangible asset that was created from the acquisition of PFC in the prior year. Employee benefits decreased $3.2 million year-over-year to $14.9 million due primarily to lower healthcare claims and lower deferred compensation expense. Restructuring and merger-related expenses decreased $10.7 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 nine months of 2026 of $441.2 million increased $37.0 million, or 9.1%, compared to the comparable prior year period, due primarily to the expenses described above, as well as our acquisition of Premier Financial only being in the prior year period beginning March 1, 2025. 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 September 30, 2026, Tier I leverage was 9.87%, Tier I risk-based capital ratio was 11.60%, common equity Tier 1 capital ratio ("CET 1") was 10.61%, and total risk-based capital was 13.97%. In addition, the tangible common equity to tangible assets ratio was 8.15%. Conference Call and Webcast WesBanco will host a conference call to discuss the Company's financial results for the third quarter of 2026 at 3:00 p.m. ET on Thursday, October 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 9592854. Access to the replay will begin at approximately 5:00 p.m. ET on October 22, 2026, and end at 12 a.m. ET on November 5, 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 quarters ended March 31, 2026 and June 30, 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 under "Risk Factors" in Part I, Item 1A and in our other reports filed with the SEC. 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. 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. Reconciliations of non-GAAP financial measures to the most directly comparable GAAP financial measures are included in the tables at the end of this release. 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 $28.5 billion in total assets, with our Trust and Investment Services holding $8.1 billion of assets under management and securities account values (including annuities) of $2.5 billion through our broker/dealer, as of September 30, 2026. Learn more at www.wesbanco.com and follow @WesBanco on Facebook, LinkedIn and Instagram. WESBANCO, INC. Consolidated Selected Financial Highlights (unaudited, dollars in thousands, except shares and per share amounts) For the Three Months Ended For the Nine Months Ended Statement of Income September 30, September 30, 2026 2025 % Change 2026 2025 % Change Interest and dividend income Loans, including fees $ 298,089 $ 295,482 0.9 $ 866,993 $ 803,994 7.8 Taxable securities 33,223 31,483 5.5 96,749 84,797 14.1 Tax-exempt securities 4,841 4,692 3.2 14,498 13,837 4.8 Other interest income 8,395 11,229 (25.2) 24,982 29,872 (16.4) Total interest and dividend income 344,548 342,886 0.5 1,003,222 932,500 7.6 Interest expense Interest bearing demand deposits 31,134 31,351 (0.7) 91,070 91,132 (0.1) Money market deposits 35,873 38,249 (6.2) 101,676 95,672 6.3 Savings deposits 11,350 9,577 18.5 32,497 25,606 26.9 Certificates of deposit 19,683 23,554 (16.4) 62,863 63,553 (1.1) Total interest expense on deposits 98,040 102,731 (4.6) 288,106 275,963 4.4 Federal Home Loan Bank borrowings 15,103 17,337 (12.9) 36,808 47,056 (21.8) Other short-term borrowings 555 766 (27.5) 1,719 2,703 (36.4) Subordinated debt and junior subordinated debt 3,973 5,336 (25.5) 12,150 14,774 (17.8) Total interest expense 117,671 126,170 (6.7) 338,783 340,496 (0.5) Net interest income 226,877 216,716 4.7 664,439 592,004 12.2 Provision for credit losses 8,661 2,082 316.0 16,949 74,183 (77.2) Net interest income after provision for credit losses 218,216 214,634 1.7 647,490 517,821 25.0 Non-interest income Trust fees 9,666 8,987 7.6 29,938 27,342 9.5 Service charges on deposits 12,263 11,163 9.9 34,769 30,233 15.0 Digital banking income 7,476 7,324 2.1 21,485 20,053 7.1 Net swap fee and valuation income 4,857 3,231 50.3 9,054 4,937 83.4 Net securities brokerage revenue 3,267 2,961 10.3 10,408 9,010 15.5 Bank-owned life insurance 4,311 3,765 14.5 12,439 10,643 16.9 Mortgage banking income 123 1,898 (93.5) 2,096 5,402 (61.2) Net securities gains / (losses) (151) 1,210 (112.5) 1,480 2,302 (35.7) Net gains on other real estate owned and other assets 194 329 (41.0) 2,776 400 594.0 Other income 3,860 3,996 (3.4) 16,883 13,164 28.3 Total non-interest income 45,866 44,864 2.2 141,328 123,486 14.4 Non-interest expense Salaries and wages 69,079 60,583 14.0 199,444 169,314 17.8 Employee benefits 14,853 18,040 (17.7) 51,613 49,867 3.5 Net occupancy 7,927 8,819 (10.1) 24,320 24,716 (1.6) Equipment and software 15,613 16,310 (4.3) 46,930 46,500 0.9 Marketing 4,965 2,979 66.7 8,763 7,225 21.3 FDIC insurance 4,631 5,820 (20.4) 13,582 15,487 (12.3) Amortization of intangible assets 7,122 8,425 (15.5) 21,423 21,853 (2.0) Restructuring and merger-related expense 730 11,383 (93.6) 5,446 72,449 (92.5) Other operating expenses 25,947 23,829 8.9 75,135 69,278 8.5 Total non-interest expense 150,867 156,188 (3.4) 446,656 476,689 (6.3) Income before provision for income taxes 113,215 103,310 9.6 342,162 164,618 107.9 Provision for income taxes 23,710 19,737 20.1 71,345 32,623 118.7 Net Income 89,505 83,573 7.1 270,817 131,995 105.2 Preferred stock dividends 4,240 2,531 67.5 12,721 7,594 67.5 Net income available to common shareholders $ 85,265 $ 81,042 5.2 $ 258,096 $ 124,401 107.5 Taxable equivalent net interest income (1) $ 228,164 $ 217,963 4.7 $ 668,293 $ 595,682 12.2 Per common share data Earnings per common share - basic $ 0.89 $ 0.84 6.0 $ 2.69 $ 1.39 93.5 Earnings per common share - diluted 0.88 0.84 4.8 2.67 1.39 92.1 Earnings per common share - diluted, adjusted (1) (2) 0.89 0.94 (5.3) 2.72 2.55 6.7 Dividends declared 0.38 0.37 2.7 1.14 1.11 2.7 Book value (period end) 40.20 39.02 3.0 40.20 39.02 3.0 Tangible book value (period end) (1) 22.73 21.29 6.8 22.73 21.29 6.8 Tangible book value, excluding AOCI (period end) (1) 25.19 22.84 10.3 25.19 22.84 10.3 Average common shares outstanding - basic 95,950,360 95,995,174 (0.0) 96,027,044 89,593,739 7.2 Average common shares outstanding - diluted 96,632,946 96,116,617 0.5 96,548,165 89,718,706 7.6 Period end common shares outstanding 95,984,127 96,044,222 (0.1) 95,984,127 96,044,222 (0.1) Period end preferred shares outstanding 230,000 380,000 (39.5) 230,000 380,000 (39.5) (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 (unaudited, dollars in thousands, unless otherwise noted) Selected ratios For the Nine Months Ended September 30, 2026 2025 % Change Return on average assets 1.25 % 0.65 % 92.31 % Return on average assets, excluding certain items (1) (2) 1.27 1.20 5.83 Return on average equity 8.39 4.59 82.79 Return on average equity, excluding certain items (1) (2) 8.53 8.43 1.19 Return on average tangible equity (1) 15.13 9.10 66.26 Return on average tangible equity, excluding certain items (1) (2) 15.37 15.79 (2.66) Return on average tangible common equity (1) 16.67 9.84 69.41 Return on average tangible common equity, excluding certain items (1) (2) 16.93 17.07 (0.82) Yield on earning assets (3) 5.42 5.50 (1.45) Cost of interest bearing liabilities 2.52 2.75 (8.36) Net interest spread (3) 2.90 2.75 5.45 Net interest margin (3) 3.60 3.50 2.86 Efficiency (1) (2) (3) 51.94 53.34 (2.62) Average loans to average deposits 89.58 89.42 0.18 Annualized net loan charge-offs/average loans 0.13 0.12 8.33 Effective income tax rate 20.85 19.82 5.20 For the Three Months Ended Sept. 30, June 30, Mar. 31, Dec. 31, Sept. 30, 2026 2026 2026 2025 2025 Return on average assets 1.21 % 1.29 % 1.24 % 1.13 % 1.17 % Return on average assets, excluding certain items (1) (2) 1.22 1.30 1.29 1.17 1.30 Return on average equity 8.16 8.63 8.38 7.58 8.25 Return on average equity, excluding certain items (1) (2) 8.21 8.71 8.67 7.85 9.16 Return on average tangible equity (1) 14.62 15.56 15.25 13.93 15.86 Return on average tangible equity, excluding certain items (1) (2) 14.71 15.69 15.74 14.39 17.48 Return on average tangible common equity (1) 16.08 17.14 16.82 15.87 17.26 Return on average tangible common equity, excluding certain items (1) (2) 16.18 17.28 17.37 16.39 19.03 Yield on earning assets (3) 5.45 5.44 5.38 5.51 5.58 Cost of interest bearing liabilities 2.57 2.50 2.50 2.62 2.79 Net interest spread (3) 2.88 2.94 2.88 2.88 2.79 Net interest margin (3) 3.60 3.63 3.57 3.61 3.53 Efficiency(1) (2) (3) 52.16 51.17 52.54 51.62 52.20 Average loans to average deposits 90.80 88.89 89.05 88.78 89.41 Annualized net loan charge-offs and recoveries /average loans 0.21 0.02 0.16 0.06 0.19 Effective income tax rate 20.94 21.14 20.45 20.51 19.10 Trust and Investment Services assets under management (4) $ 8,077 $ 8,227 $ 7,810 $ 7,886 $ 7,688 Broker-dealer securities account values (including annuities) (4) $ 2,461 $ 2,704 $ 2,574 $ 2,481 $ 2,588 (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 (unaudited, dollars in thousands) % Change Balance sheet September 30, December 31, Sept. 30, 2026 Assets 2026 2025 % Change 2025 to Dec. 31, 2025 Cash and due from banks $ 212,469 $ 231,814 (8.3) $ 204,860 3.7 Due from banks - interest bearing 766,391 776,423 (1.3) 751,249 2.0 Securities: Equity securities 18,303 30,374 (39.7) 30,809 (40.6) Available-for-sale debt securities 3,353,692 3,268,016 2.6 3,288,332 2.0 Held-to-maturity debt securities 1,093,970 1,150,339 (4.9) 1,131,946 (3.4) Total securities 4,465,965 4,448,729 0.4 4,451,087 0.3 Loans held for sale (1) 56,707 125,971 (55.0) 87,454 (35.2) Portfolio loans: Commercial real estate 11,319,515 10,755,370 5.2 10,938,834 3.5 Commercial and industrial 3,067,867 2,771,906 10.7 2,863,893 7.1 Residential real estate 3,998,944 3,928,469 1.8 3,938,585 1.5 Home equity 1,240,811 1,091,636 13.7 1,129,394 9.9 Consumer 273,414 384,693 (28.9) 355,726 (23.1) Total portfolio loans, net of unearned income 19,900,551 18,932,074 5.1 19,226,432 3.5 Allowance for credit losses - loans (214,558) (217,666) 1.4 (218,749) 1.9 Net portfolio loans 19,685,993 18,714,408 5.2 19,007,683 3.6 Premises and equipment, net 257,389 267,521 (3.8) 263,240 (2.2) Accrued interest receivable 106,182 108,865 (2.5) 106,651 (0.4) Goodwill and other intangible assets, net 1,701,962 1,736,073 (2.0) 1,723,385 (1.2) Bank-owned life insurance 565,096 555,104 1.8 557,512 1.4 Other assets 647,905 553,134 17.1 543,212 19.3 Total Assets $ 28,466,059 $ 27,518,042 3.4 $ 27,696,333 2.8 Liabilities Deposits: Non-interest bearing demand $ 5,235,283 $ 5,285,740 (1.0) $ 5,376,767 (2.6) Interest bearing demand 5,463,872 5,025,216 8.7 5,186,880 5.3 Money market 5,143,236 4,901,863 4.9 5,072,039 1.4 Savings deposits 3,263,193 3,141,075 3.9 3,157,782 3.3 Certificates of deposit 2,506,919 2,930,368 (14.5) 2,875,372 (12.8) Total deposits 21,612,503 21,284,262 1.5 21,668,840 (0.3) Federal Home Loan Bank borrowings 1,950,000 1,275,000 52.9 1,200,000 62.5 Other short-term borrowings 113,800 113,501 0.3 110,679 2.8 Subordinated debt and junior subordinated debt 308,991 358,373 (13.8) 308,529 0.1 Total borrowings 2,372,791 1,746,874 35.8 1,619,208 46.5 Accrued interest payable 21,363 25,472 (16.1) 19,150 11.6 Other liabilities 376,278 344,907 9.1 357,222 5.3 Total Liabilities 24,382,935 23,401,515 4.2 23,664,420 3.0 Shareholders' Equity Preferred stock 224,187 368,867 (39.2) 224,187 - Common stock 200,396 200,088 0.2 200,137 0.1 Capital surplus 2,502,142 2,487,564 0.6 2,490,440 0.5 Retained earnings 1,401,585 1,210,823 15.8 1,252,765 11.9 Treasury stock (7,119) - (100.0) - (100.0) Accumulated other comprehensive loss (235,699) (148,669) (58.5) (133,320) (76.8) Deferred benefits for directors (2,368) (2,146) (10.3) (2,296) (3.1) Total Shareholders' Equity 4,083,124 $ 4,116,527 (0.8) 4,031,913 1.3 Total Liabilities and Shareholders' Equity $ 28,466,059 $ 27,518,042 3.4 $ 27,696,333 2.8 (1) Includes $37,544, $87,454 and $125,971 measured at fair value as of September 30, 2026, December 2025, and September 30, 2025, respectively WESBANCO, INC. Consolidated Selected Financial Highlights (unaudited, dollars in thousands) Balance sheet September 30, June 30, Assets 2026 2026 % Change Cash and due from banks $ 212,469 $ 226,961 (6.4) Due from banks - interest bearing 766,391 644,813 18.9 Securities: Equity securities 18,303 19,060 (4.0) Available-for-sale debt securities 3,353,692 3,312,972 1.2 Held-to-maturity debt securities 1,093,970 1,107,586 (1.2) Total securities 4,465,965 4,439,618 0.6 Loans held for sale (1) 56,707 57,318 (1.1) Portfolio loans: Commercial real estate 11,319,515 11,093,370 2.0 Commercial and industrial 3,067,867 2,949,863 4.0 Residential real estate 3,998,944 3,939,813 1.5 Home equity 1,240,811 1,191,809 4.1 Consumer 273,414 304,111 (10.1) Total portfolio loans, net of unearned income 19,900,551 19,478,966 2.2 Allowance for credit losses - loans (214,558) (217,775) 1.5 Net portfolio loans 19,685,993 19,261,191 2.2 Premises and equipment, net 257,389 248,200 3.7 Accrued interest receivable 106,182 102,342 3.8 Goodwill and other intangible assets, net 1,701,962 1,709,084 (0.4) Bank-owned life insurance 565,096 562,297 0.5 Other assets 647,905 545,093 18.9 Total Assets $ 28,466,059 $ 27,796,917 2.4 Liabilities Deposits: Non-interest bearing demand $ 5,235,283 $ 5,287,995 (1.0) Interest bearing demand 5,463,872 5,364,937 1.8 Money market 5,143,236 5,012,414 2.6 Savings deposits 3,263,193 3,335,823 (2.2) Certificates of deposit 2,506,919 2,591,047 (3.2) Total deposits 21,612,503 21,592,216 0.1 Federal Home Loan Bank borrowings 1,950,000 1,350,000 44.4 Other short-term borrowings 113,800 88,419 28.7 Subordinated debt and junior subordinated debt 308,991 308,837 0.0 Total borrowings 2,372,791 1,747,256 35.8 Accrued interest payable 21,363 17,567 21.6 Other liabilities 376,278 330,193 14.0 Total Liabilities 24,382,935 23,687,232 2.9 Shareholders' Equity Preferred stock 224,187 224,187 - Common stock 200,396 200,396 - Capital surplus 2,502,142 2,498,629 0.1 Retained earnings 1,401,585 1,352,870 3.6 Treasury stock (7,119) (10,924) 34.8 Accumulated other comprehensive loss (235,699) (153,157) (53.9) Deferred benefits for directors (2,368) (2,316) (2.2) Total Shareholders' Equity 4,083,124 4,109,685 (0.6) Total Liabilities and Shareholders' Equity $ 28,466,059 $ 27,796,917 2.4 (1) Includes $37,544 and $57,318 measured at fair value as of September 30, 2026 and June 30, 2026, respectively. WESBANCO, INC. Consolidated Selected Financial Highlights (unaudited, dollars in thousands) Average balance sheet and net interest margin analysis For the Three Months Ended September 30, For the Nine Months Ended September 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 $ 728,418 3.88 % $ 761,410 4.90 % $ 730,187 3.89 % $ 704,757 4.81 % Loans, net of unearned income (1) 19,660,778 6.02 18,990,507 6.17 19,365,019 5.99 17,553,879 6.12 Securities: (2) Taxable 3,966,151 3.32 3,901,533 3.20 3,930,752 3.29 3,679,815 3.08 Tax-exempt (3) 728,816 3.34 733,493 3.21 733,927 3.34 732,823 3.20 Total securities 4,694,967 3.33 4,635,026 3.20 4,664,679 3.30 4,412,638 3.10 Other earning assets 76,405 6.61 77,308 9.40 65,328 7.61 75,338 8.04 Total earning assets (3) 25,160,568 5.45 % 24,464,251 5.58 % 24,825,213 5.42 % 22,746,612 5.50 % Other assets 2,859,632 2,955,475 2,864,984 2,710,747 Total Assets $ 28,020,200 $ 27,419,726 $ 27,690,197 $ 25,457,359 Liabilities and Shareholders' Equity Interest bearing demand deposits $ 5,392,171 2.29 % $ 4,963,468 2.51 % $ 5,384,182 2.26 % $ 4,676,955 2.61 % Money market accounts 5,064,659 2.81 4,905,387 3.09 4,968,163 2.74 4,322,300 2.96 Savings deposits 3,300,368 1.36 3,152,927 1.21 3,285,784 1.32 2,962,302 1.16 Certificates of deposit 2,549,878 3.06 2,928,961 3.19 2,678,958 3.14 2,694,587 3.15 Total interest bearing deposits 16,307,076 2.39 15,950,743 2.56 16,317,087 2.36 14,656,144 2.52 Federal Home Loan Bank borrowings 1,482,609 4.04 1,500,272 4.58 1,227,473 4.01 1,419,571 4.43 Repurchase agreements 99,661 2.21 110,452 2.75 102,923 2.23 130,592 2.77 Subordinated debt and junior subordinated debt 308,892 5.10 358,007 5.91 308,740 5.26 340,425 5.80 Total interest bearing liabilities (4) 18,198,238 2.57 % 17,919,474 2.79 % 17,956,223 2.52 % 16,546,732 2.75 % Non-interest bearing demand deposits 5,346,922 5,289,568 5,299,436 4,975,638 Other liabilities 328,731 312,542 319,717 309,656 Shareholders' equity 4,146,309 3,898,142 4,114,821 3,625,333 Total Liabilities and Shareholders' Equity $ 28,020,200 $ 27,419,726 $ 27,690,197 $ 25,457,359 Taxable equivalent net interest spread 2.88 % 2.79 % 2.90 % 2.75 % Taxable equivalent net interest margin 3.60 % 3.53 % 3.60 % 3.50 % (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 $1.9 million and $1.4 million for the three months ended September 30, 2026 and 2025, respectively, and were $5.8 million and $5.5 million for the nine months ended September 30, 2026 and 2025, respectively. Additionally, loan accretion included in interest income on loans acquired from prior acquisitions was $13.4 million and $16.0 million for the three months ended September 30, 2026 and 2025, respectively, and was $41.4 million and $39.3 million for the nine months ended September 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 $1.7 million for the three months ended September 30, 2026 and 2025, respectively, and was $0.5 million and $9.6 million for the nine months ended September 30, 2026 and 2025, respectively. WESBANCO, INC. Consolidated Selected Financial Highlights (unaudited, dollars in thousands, except shares and per share amounts) Quarter Ended Statement of Income Sept. 30, June 30, March 31, Dec. 31, Sept. 30, 2026 2026 2026 2025 2025 Interest and dividend income Loans, including fees $ 298,089 $ 287,916 $ 280,989 $ 293,208 $ 295,482 Taxable securities 33,223 32,083 31,443 31,546 31,483 Tax-exempt securities 4,841 4,833 4,824 4,865 4,692 Other interest income 8,395 8,219 8,368 9,821 11,229 Total interest and dividend income 344,548 333,051 325,624 339,440 342,886 Interest expense Interest bearing demand deposits 31,134 30,567 29,368 29,821 31,351 Money market deposits 35,873 33,650 32,151 36,166 38,249 Savings deposits 11,350 11,029 10,119 9,570 9,577 Certificates of deposit 19,683 20,590 22,591 24,235 23,554 Total interest expense on deposits 98,040 95,836 94,229 99,792 102,731 Federal Home Loan Bank borrowings 15,103 10,390 11,316 11,378 17,337 Other short-term borrowings 555 565 598 730 766 Subordinated debt and junior subordinated debt 3,973 4,098 4,080 5,243 5,336 Total interest expense 117,671 110,889 110,223 117,143 126,170 Net interest income 226,877 222,162 215,401 222,297 216,716 Provision for credit losses 8,661 9,185 (897) 3,059 2,082 Net interest income after provision for credit losses 218,216 212,977 216,298 219,238 214,634 Non-interest income Trust fees 9,666 9,830 10,442 9,745 8,987 Service charges on deposits 12,263 11,546 10,961 11,159 11,163 Digital banking income 7,476 7,410 6,599 6,422 7,324 Net swap fee and valuation income 4,857 3,135 1,062 3,959 3,231 Net securities brokerage revenue 3,267 3,670 3,472 2,836 2,961 Bank-owned life insurance 4,311 4,317 3,811 4,458 3,765 Mortgage banking income 123 1,055 919 791 1,898 Net securities gains / (losses) (151) 1,644 (13) 1,077 1,210 Net gains / (losses) on other real estate owned and other assets 194 2,036 546 (824) 329 Other income 3,860 8,989 4,032 3,647 3,996 Total non-interest income 45,866 53,632 41,831 43,270 44,864 Non-interest expense Salaries and wages 69,079 66,402 63,964 61,664 60,583 Employee benefits 14,853 19,148 17,611 17,148 18,040 Net occupancy 7,927 7,863 8,529 8,522 8,819 Equipment and software 15,613 15,640 15,678 16,110 16,310 Marketing 4,965 2,271 1,526 2,636 2,979 FDIC insurance 4,631 4,168 4,784 5,411 5,820 Amortization of intangible assets 7,122 7,141 7,160 7,217 8,425 Restructuring and merger-related expense 730 1,003 3,713 3,483 11,383 Other operating expenses 25,947 25,450 23,740 25,697 23,829 Total non-interest expense 150,867 149,086 146,705 147,888 156,188 Income before provision for income taxes 113,215 117,523 111,424 114,620 103,310 Provision for income taxes 23,710 24,846 22,789 23,510 19,737 Net Income 89,505 92,677 88,635 91,110 83,573 Preferred stock dividends 4,240 4,240 4,240 12,948 2,531 Net income available to common shareholders $ 85,265 $ 88,437 $ 84,395 $ 78,162 $ 81,042 Taxable equivalent net interest income $ 228,164 $ 223,447 $ 216,683 $ 223,590 $ 217,963 Per common share data Earnings per common share - basic $ 0.89 $ 0.92 $ 0.88 $ 0.81 $ 0.84 Earnings per common share - diluted 0.88 0.91 0.88 0.81 0.84 Earnings per common share - diluted, adjusted (1) (2) 0.89 0.92 0.91 0.84 0.94 Dividends declared 0.38 0.38 0.38 0.38 0.37 Book value (period end) 40.20 40.53 40.01 39.64 39.02 Tangible book value (period end) (1) 22.73 22.98 22.45 22.01 21.29 Tangible book value, excluding AOCI (period end) (1) 25.19 24.58 23.98 23.39 22.84 Average common shares outstanding - basic 95,950,360 96,028,958 96,103,497 96,053,336 95,995,174 Average common shares outstanding - diluted 96,632,946 96,703,880 96,309,352 96,226,845 96,116,617 Period end common shares outstanding 95,984,127 95,869,209 96,134,158 96,067,559 96,044,222 Period end preferred shares outstanding 230,000 230,000 230,000 230,000 380,000 Full time equivalent employees 2,998 2,996 2,973 3,030 3,064 (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 (unaudited, dollars in thousands) Quarter Ended Sept. 30, June 30, Mar. 31, Dec. 31, Sept. 30, Asset quality data 2026 2026 2026 2025 2025 Non-performing assets: Total non-performing portfolio loans $ 154,970 $ 146,058 $ 145,008 $ 91,584 $ 94,463 Total non-performing loans held for sale 19,162 - - - - Other real estate and repossessed assets 1,784 1,391 1,323 907 997 Total non-performing assets $ 175,916 $ 147,449 $ 146,331 $ 92,491 $ 95,460 Past due loans (1): Loans past due 30-89 days $ 88,590 $ 67,388 $ 89,877 $ 91,199 $ 80,333 Loans past due 90 days or more 23,719 21,783 16,210 37,783 19,430 Total past due loans $ 112,309 $ 89,171 $ 106,087 $ 128,982 $ 99,763 Loans past due 30-89 days / total portfolio loans 0.45 % 0.35 % 0.47 % 0.47 % 0.42 % Loans past due 90 days or more / total portfolio loans 0.12 0.11 0.08 0.20 0.10 Non-performing portfolio loans / total portfolio loans 0.78 0.75 0.76 0.48 0.50 Non-performing assets / total portfolio loans, total loans held for sale, other real estate and repossessed assets 0.88 0.75 0.76 0.48 0.50 Non-performing assets / total assets 0.62 0.53 0.53 0.33 0.35 Allowance for credit losses Allowance for credit losses - loans $ 214,558 $ 217,775 $ 210,023 $ 218,749 $ 217,666 Allowance for credit losses - loan commitments 9,234 7,740 7,212 6,950 7,628 Provision for credit losses 8,661 9,185 (897) 3,059 2,082 Net loan and deposit account overdraft charge-offs and recoveries 10,382 892 7,584 2,666 8,867 Annualized net loan charge-offs and recoveries / average loans 0.21 % 0.02 % 0.16 % 0.06 % 0.19 % Allowance for credit losses - loans / total portfolio loans 1.08 % 1.12 % 1.10 % 1.14 % 1.15 % Allowance for credit losses - loans / non-performing portfolio loans 1.38 x 1.49 x 1.45 x 2.39 x 2.30 x Allowance for credit losses - loans / non-performing portfolio loans and loans past due 0.80 x 0.93 x 0.84 x 0.99 x 1.12 x Sept. 30, June 30, Mar. 31, Dec. 31, Sept. 30, 2026 2026 2026 2025 2025 Capital ratios Tier I leverage capital 9.87 % 9.83 % 9.63 % 9.42 % 9.72 % Tier I risk-based capital 11.60 11.72 11.72 11.42 11.83 Total risk-based capital 13.97 14.18 14.19 13.92 14.58 Common equity tier 1 capital ratio (CET 1) 10.61 10.70 10.67 10.37 10.10 Average shareholders' equity to average assets 14.80 14.94 14.84 14.88 14.22 Total shareholders' equity to total assets 14.34 14.78 14.81 14.56 14.96 Tangible equity to tangible assets (2) 8.98 9.29 9.24 8.99 9.35 Tangible common equity to tangible assets (2) 8.15 8.44 8.37 8.13 7.92 (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 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 (unaudited, dollars in thousands, Sept. 30, June 30, Mar. 31, Dec. 31, Sept. 30, Sept. 30, except shares and per share amounts) 2026 2026 2026 2025 2025 2026 2025 Return on average assets, excluding certain items: Net income available to common shareholders $ 85,265 $ 88,437 $ 84,395 $ 78,162 $ 81,042 $ 258,096 $ 124,401 Add: after-tax restructuring and merger-related expenses (1) 577 792 2,933 2,752 8,993 4,302 57,235 Add: after-tax day one provision for credit losses on acquired loans (1) - - - - - - 46,926 Net income available to common shareholders, excluding certain items 85,842 89,229 87,328 80,914 90,035 262,398 228,562 Average total assets $ 28,020,200 $ 27,514,390 $ 27,530,620 $ 27,481,963 $ 27,419,726 $ 27,690,197 $ 25,457,359 Return on average assets, excluding certain items (annualized) (2) 1.22 % 1.30 % 1.29 % 1.17 % 1.30 % 1.27 % 1.20 % Return on average equity, excluding certain items: Net income available to common shareholders $ 85,265 $ 88,437 $ 84,395 $ 78,162 $ 81,042 $ 258,096 $ 124,401 Add: after-tax restructuring and merger-related expenses (1) 577 792 2,933 2,752 8,993 4,302 57,235 Add: after-tax day one provision for credit losses on acquired loans (1) - - - - - - 46,926 Net income available to common shareholders excluding certain items 85,842 89,229 87,328 80,914 90,035 262,398 228,562 Average total shareholders' equity $ 4,146,309 $ 4,110,881 $ 4,086,617 $ 4,088,456 $ 3,898,142 $ 4,114,821 $ 3,625,333 Return on average equity, excluding certain items (annualized) (2) 8.21 % 8.71 % 8.67 % 7.85 % 9.16 % 8.53 % 8.43 % Return on average tangible equity: Net income available to common shareholders $ 85,265 $ 88,437 $ 84,395 $ 78,162 $ 81,042 $ 258,096 $ 124,401 Add: amortization of intangibles (1) 5,626 5,641 5,656 5,701 6,656 16,924 17,264 Net income available to common shareholders before amortization of intangibles 90,891 94,078 90,051 83,863 87,698 275,020 141,665 Average total shareholders' equity 4,146,309 4,110,881 4,086,617 4,088,456 3,898,142 4,114,821 3,625,333 Less: average goodwill and other intangibles, net of def. tax liability (1,679,643) (1,685,204) (1,691,156) (1,700,188) (1,704,105) (1,685,292) (1,543,552) Average tangible equity $ 2,466,666 $ 2,425,677 $ 2,395,461 $ 2,388,268 $ 2,194,037 $ 2,429,529 $ 2,081,781 Return on average tangible equity (annualized) (2) 14.62 % 15.56 % 15.25 % 13.93 % 15.86 % 15.13 % 9.10 % Average tangible common equity $ 2,242,479 $ 2,201,490 $ 2,171,274 $ 2,096,528 $ 2,015,329 $ 2,205,342 $ 1,925,764 Return on average tangible common equity (annualized) (2) 16.08 % 17.14 % 16.82 % 15.87 % 17.26 % 16.67 % 9.84 % WESBANCO, INC. Non-GAAP Financial Measures (continued) Three Months Ended Year to Date (unaudited, dollars in thousands, Sept. 30, June 30, Mar. 31, Dec. 31, Sept. 30, Sept. 30, except shares and per share amounts) 2026 2026 2026 2025 2025 2026 2025 Return on average tangible equity, excluding certain items: Net income available to common shareholders $ 85,265 $ 88,437 $ 84,395 $ 78,162 $ 81,042 $ 258,096 $ 124,401 Add: after-tax restructuring and merger-related expenses (1) 577 792 2,933 2,752 8,993 4,302 57,235 Add: amortization of intangibles (1) 5,626 5,641 5,656 5,701 6,656 16,924 17,264 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 91,468 94,870 92,984 86,615 96,691 279,322 245,826 Average total shareholders' equity 4,146,309 4,110,881 4,086,617 4,088,456 3,898,142 4,114,821 3,625,333 Less: average goodwill and other intangibles, net of def. tax liability (1,679,643) (1,685,204) (1,691,156) (1,700,188) (1,704,105) (1,685,292) (1,543,552) Average tangible equity $ 2,466,666 $ 2,425,677 $ 2,395,461 $ 2,388,268 $ 2,194,037 $ 2,429,529 $ 2,081,781 Return on average tangible equity, excluding certain items (annualized) (2) 14.71 % 15.69 % 15.74 % 14.39 % 17.48 % 15.37 % 15.79 % Average tangible common equity $ 2,242,479 $ 2,201,490 $ 2,171,274 $ 2,096,528 $ 2,015,329 $ 2,205,342 $ 1,925,764 Return on average tangible common equity, excluding certain items (annualized) (2) 16.18 % 17.28 % 17.37 % 16.39 % 19.03 % 16.93 % 17.07 % Taxable equivalent net interest income: Net interest income $ 226,877 $ 222,162 $ 215,401 $ 222,297 $ 216,716 $ 664,439 $ 592,004 Taxable-equivalent adjustments to net interest income (1) 1,287 1,285 1,282 1,293 1,247 3,854 3,678 Taxable equivalent net interest income $ 228,164 $ 223,447 $ 216,683 $ 223,590 $ 217,963 $ 668,293 $ 595,682 Efficiency ratio: Non-interest expense $ 150,867 $ 149,086 $ 146,705 $ 147,888 $ 156,188 $ 446,656 $ 476,689 Less: amortization of intangibles (7,122) (7,141) (7,160) (7,217) (8,245) (21,423) (21,853) Less: restructuring and merger-related expense (730) (1,003) (3,713) (3,483) (11,383) (5,446) (72,449) Non-interest expense excluding restructuring and merger-related expense 143,015 140,942 135,832 137,188 136,560 419,787 382,387 Taxable equivalent net interest income 228,164 223,447 216,683 223,590 217,963 668,293 595,682 Non-interest income, excluding net securities gains 46,017 51,988 41,844 42,193 43,654 139,848 121,184 Taxable equivalent net interest income plus non-interest income $ 274,181 $ 275,435 $ 258,527 $ 265,783 $ 261,617 $ 808,141 $ 716,866 Efficiency ratio 52.16 % 51.17 % 52.54 % 51.62 % 52.20 % 51.94 % 53.34 % Adjusted net income available to common shareholders, excluding certain items: Net income available to common shareholders $ 85,265 $ 88,437 $ 84,395 $ 78,162 $ 81,042 $ 258,096 $ 124,401 Add: after-tax restructuring and merger-related expenses (1) 577 792 2,933 2,752 8,993 4,302 57,235 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: $ 85,842 $ 89,229 $ 87,328 $ 80,914 $ 90,035 $ 262,398 $ 228,562 Earnings per common share - diluted, adjusted: Net income per common share - diluted $ 0.88 $ 0.91 $ 0.88 $ 0.81 $ 0.84 $ 2.67 $ 1.39 Add: after-tax restructuring and merger-related expenses per common share - diluted (1) 0.01 0.01 0.03 0.03 0.10 0.05 0.63 Add: after-tax day one provision for credit losses on acquired loans (1) - - - - - - 0.53 Earnings per common share - diluted, adjusted $ 0.89 $ 0.92 $ 0.91 $ 0.84 $ 0.94 $ 2.72 $ 2.55 WESBANCO, INC. Non-GAAP Financial Measures (continued) Period End Sept. 30, June 30, March 31, Dec. 31, Sept. 30, 2026 2026 2026 2025 2025 Tangible book value per share: Total shareholders' equity $ 4,083,124 $ 4,109,685 $ 4,070,608 $ 4,031,913 $ 4,116,527 Less: goodwill and other intangible assets, net of def. tax liability (1,676,830) (1,682,457) (1,688,098) (1,693,755) (1,702,916) Less: preferred shareholder's equity (224,187) (224,187) (224,187) (224,187) (368,867) Tangible common equity 2,182,107 2,203,041 2,158,323 2,113,971 2,044,744 Common shares outstanding 95,984,127 95,869,209 96,134,158 96,067,559 96,044,222 Tangible book value per share $ 22.73 $ 22.98 $ 22.45 $ 22.01 $ 21.29 Tangible book value per share, excluding AOCI: Tangible common equity $ 2,182,107 $ 2,203,041 $ 2,158,323 $ 2,113,971 $ 2,044,744 Less: Accumulated other comprehensive loss (235,699) (153,157) (147,195) (133,320) (148,669) Tangible common equity, excluding accumulated other comprehensive loss 2,417,806 2,356,198 2,305,518 2,247,291 2,193,413 Common shares outstanding 95,984,127 95,869,209 96,134,158 96,067,559 96,044,222 Tangible book value per share, excluding AOCI: $ 25.19 $ 24.58 $ 23.98 $ 23.39 $ 22.84 Tangible common equity to tangible assets: Total shareholders' equity $ 4,083,124 $ 4,109,685 $ 4,070,608 $ 4,031,913 $ 4,116,527 Less: goodwill and other intangible assets, net of def. tax liability (1,676,830) (1,682,457) (1,688,098) (1,693,755) (1,702,916) Tangible equity 2,406,294 2,427,228 2,382,510 2,338,158 2,413,611 Less: preferred shareholder's equity (224,187) (224,187) (224,187) (224,187) (368,867) Tangible common equity 2,182,107 2,203,041 2,158,323 2,113,971 2,044,744 Total assets 28,466,059 27,796,917 27,482,455 27,696,333 27,518,042 Less: goodwill and other intangible assets, net of def. tax liability (1,676,830) (1,682,457) (1,688,098) (1,693,755) (1,702,916) Tangible assets $ 26,789,229 $ 26,114,460 $ 25,794,357 $ 26,002,578 $ 25,815,126 Tangible equity to tangible assets 8.98 % 9.29 % 9.24 % 8.99 % 9.35 % Tangible common equity to tangible assets 8.15 % 8.44 % 8.37 % 8.13 % 7.92 % (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. Non-GAAP Financial Measures (continued) Three Months Ended Year to Date (unaudited, dollars in thousands, Sept. 30, June 30, Mar. 31, Dec. 31, Sept. 30, Sept. 30, except shares and per share amounts) 2026 2026 2026 2025 2025 2026 2025 Pre-tax, pre-provision income: Income before provision for income taxes $ 113,215 $ 117,523 $ 111,424 $ 114,620 $ 103,310 $ 342,162 $ 164,618 Add: provision for credit losses 8,661 9,185 (897) 3,059 2,082 16,949 74,183 Pre-tax, pre-provision income $ 121,876 $ 126,708 $ 110,527 $ 117,679 $ 105,392 $ 359,111 $ 238,801 Pre-tax, pre-provision income, excluding restructuring and merger-related expenses: Income before provision for income taxes $ 113,215 $ 117,523 $ 111,424 $ 114,620 $ 103,310 $ 342,162 $ 164,618 Add: provision for credit losses 8,661 9,185 (897) 3,059 2,082 16,949 74,183 Add: restructuring and merger-related expenses 730 1,003 3,713 3,483 11,383 5,446 72,449 Pre-tax, pre-provision income, excluding restructuring and merger-related expenses $ 122,606 $ 127,711 $ 114,240 $ 121,162 $ 116,775 $ 364,557 $ 311,250 Pre-tax, pre-provision return on average assets, excluding restructuring and merger-related expenses: Pre-tax, pre-provision income, excluding restructuring and merger-related expenses $ 122,606 $ 127,711 $ 114,240 $ 121,162 $ 116,775 $ 364,557 $ 311,250 Average total assets $ 28,020,200 $ 27,514,390 $ 27,530,620 $ 27,481,963 $ 27,419,726 $ 27,690,197 $ 25,457,359 Pre-tax, pre-provision return on average assets, excluding restructuring and merger-related expenses (annualized) (1) 1.74 % 1.86 % 1.68 % 1.75 % 1.69 % 1.76 % 1.63 % Pre-tax, pre-provision return on average equity, excluding restructuring and merger-related expenses: Pre-tax, pre-provision income, excluding restructuring and merger-related expenses $ 122,606 $ 127,711 $ 114,240 $ 121,162 $ 116,775 $ 364,557 $ 311,250 Average total shareholders' equity $ 4,146,309 $ 4,110,881 $ 4,086,617 $ 4,088,456 $ 3,898,142 $ 4,114,821 $ 3,625,333 Pre-tax, pre-provision return on average equity, excluding restructuring and merger-related expenses (annualized) (1) 11.73 % 12.46 % 11.34 % 11.76 % 11.88 % 11.85 % 11.48 % Pre-tax, pre-provision return on average tangible equity, excluding certain items (2) : Income before provision for income taxes $ 113,215 $ 117,523 $ 111,424 $ 114,620 $ 103,310 $ 342,162 $ 164,618 Add: provision for credit losses 8,661 9,185 (897) 3,059 2,082 16,949 74,183 Add: amortization of intangibles 7,122 7,141 7,160 7,217 8,425 21,423 21,853 Add: restructuring and merger-related expenses 730 1,003 3,713 3,483 11,383 5,446 72,449 Pre-tax, pre-provision income before restructuring and merger-related expenses and amortization of intangibles $ 129,728 $ 134,852 $ 121,400 $ 128,379 $ 125,200 $ 385,980 $ 333,103 Average total shareholders' equity $ 4,146,309 $ 4,110,881 $ 4,086,617 $ 4,088,456 $ 3,898,142 $ 4,114,821 $ 3,625,333 Less: average goodwill and other intangibles, net of def. tax liability (1,679,643) (1,685,204) (1,691,156) (1,700,188) (1,704,105) (1,685,292) (1,543,552) Average tangible equity $ 2,466,666 $ 2,425,677 $ 2,395,461 $ 2,388,268 $ 2,194,037 $ 2,429,529 $ 2,081,781 Pre-tax, pre-provision return on average tangible equity, excluding certain items (annualized) (1) (2) 20.87 % 22.30 % 20.55 % 21.33 % 22.64 % 21.24 % 21.39 % Pre-tax, pre-provision return on average tangible common equity, excluding certain items (2) : Pre-tax, pre-provision income before restructuring and merger-related expenses and amortization of intangibles $ 129,728 $ 134,852 $ 121,400 $ 128,379 $ 125,200 $ 385,980 $ 333,103 Average tangible common equity $ 2,242,479 $ 2,201,490 $ 2,171,274 $ 2,096,528 $ 2,015,329 $ 2,205,342 $ 1,925,764 Pre-tax, pre-provision return on average tangible common equity, excluding certain items (annualized) (1) (2) 22.95 % 24.57 % 22.68 % 24.29 % 24.65 % 23.40 % 23.13 % (1) The ratios are annualized by utilizing actual numbers of days in the quarter versus the year. (2) Certain items excluded from the calculations consist of credit provisions, tax provisions and restructuring and merger-related expenses. SOURCE WesBanco, Inc.