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WesBanco's Outstanding Second Quarter Performance

On July 21, 2026, WesBanco, Inc., a diversified bank holding company, revealed its financial results for the second quarter of 2026. The company has demonstrated remarkable growth, with net income reaching $88.4 million, reflecting a substantial increase from $54.9 million in the same period last year. This translates to diluted earnings per share of $0.91, up from $0.57 in the previous year.

For the first half of 2026, WesBanco's total net income soared to $172.8 million, marking an impressive increase from $43.4 million for the same timeframe in 2025. The bank also reported strong loan growth, showcasing an 8.3% annualized increase in loans over the previous quarter and a 3.5% growth year-over-year, notably overcoming the impact of higher commercial real estate payoffs of approximately $345 million.

Financial Highlights

Among the prominent highlights of the quarter:

• - The commercial loan pipeline reached a record $2.3 billion, demonstrating robust business activity across all markets.
• - The net interest margin increased by 4 basis points to 3.63%, mainly driven by lower funding costs and asset repricing.
• - Record levels of fee income in various sectors including securities brokerage, digital banking, and deposit services were achieved, reflecting positive operational performance.
• - The efficiency ratio improved more than 1 percentage point, achieving a record low of 51.2%, underscoring the company’s focus on operating leverage and cost management strategies.

WesBanco also saw advancements in its growth strategies, particularly in targeted markets such as Northern Virginia, Tennessee, and South Florida, positioning itself for continued expansion with plans to open new financial centers in Florida during the first half of 2027.

Leadership Comments

Jeff Jackson, President and CEO of WesBanco, emphasized the strong performance by stating, “Our results reflect the ongoing success of our relationship-focused banking model and disciplined growth approach. We’re positioned well for sustained growth, especially in our expansion markets.” With a solid financial footing and expanding growth momentum, WesBanco is well-equipped to capitalize on new opportunities in the banking sector.

Balance Sheet Strength

As of June 30, 2026, WesBanco's total assets were recorded at $27.8 billion, with total loans amounting to $19.5 billion and total securities reaching $4.4 billion. The increased deposits of $21.6 billion, up 2.1% year-over-year, highlighted a resilient customer base amidst organizational changes, such as the closure of 37 financial centers.

Credit Quality and Income Generation

WesBanco maintained robust credit quality overall, with non-performing loans remaining stable. The bank reported a net charge-off rate of just 0.02% of total average loans, indicating strong loan performance. In terms of interest income, net interest income for the second quarter was $222.2 million, an increase of 2.5% compared to the previous year.

The considerable growth seen in both interest and non-interest income this quarter illustrates not only strategic growth but also operational efficiency as WesBanco continues to deliver strong returns for its shareholders.

Looking forward, the company remains optimistic about its capacity to expand its services and capture more market share while sustaining effective management of credit risks and regulatory challenges.