Why it matters: WesBanco's plans add to a trend of banks entering the rapidly growing South Florida marketplace.Supporting data: The Miami-Fort Lauderdale-West Palm Beach metropolitan statistical area has seen deposits surge more than 20% since 2020.Expert quote: "The goal is to fund expected loan growth from in-market deposit production." — Hovde analyst David BishopBanking's snowbird phenomenon is continuing, as another out-of-state franchise has launched a Florida expansion initiative.  Processing Conten ...

Seasoned banking team with deep market expertise joins to accelerate growth Leading the markets are: The new South Florida team also includes specialists in commercial lending, credit underwriting and client relationship support – bringing together decades of collective expertise to ensure comprehensive, high-touch service as WesBanco builds its presence in the region. WesBanco's expansion in South Florida complements its recent growth through strategic acquisitions and the opening of loan production office ...

Group 1 - DA Davidson initiated coverage of WesBanco, Inc. (NASDAQ:WSBC) with a Buy rating and set a price target of $44, indicating that the shares are undervalued [1] - The firm highlighted WesBanco's "exceptional" core deposit franchise, improving profitability, and progress on strategic cost-saving initiatives as factors supporting a stronger valuation [1] - WesBanco operates as a diversified multi-state bank holding company, offering a wide range of financial services including retail and corporate banking, personal and corporate trust services, brokerage services, mortgage banking, and insurance [3] Group 2 - The Board of Directors of WesBanco declared a quarterly cash dividend of $0.38 per share, which will be paid on April 1, 2026, to shareholders of record as of March 6, 2026, representing an annual cash dividend rate of $1.52 per common share [2]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 For the transition period from to Commission File Number 001-39442 WESBANCO, INC. (Exact name of Registrant as specified in its charter) WEST VIRGINIA 55-0571723 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2025 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 (State or other jurisdiction of incor ...

Core Viewpoint - WesBanco, Inc. has declared a quarterly cash dividend of $0.38 per share for common stockholders, reflecting a commitment to returning value to shareholders [1] Group 1: Dividend Announcements - The quarterly cash dividend for common stock will be payable on April 1, 2026, to shareholders of record on March 6, 2026, representing an annualized cash dividend rate of $1.52 per share [1] - Additionally, a cash dividend of $0.4609 per depositary share has been declared for the 7.375% Non-Cumulative Perpetual Preferred Stock, Series B, payable on April 1, 2026, to shareholders of record on March 6, 2026 [2] Group 2: Company Overview - WesBanco, Inc. has over 150 years of experience as a community-focused financial services provider, offering a range of banking solutions, trust, brokerage, wealth management, and insurance services [3] - The company is headquartered in Wheeling, West Virginia, and has total assets of $27.7 billion, with $7.9 billion in assets under management in Trust and Investment Services [3] - Securities account values, including annuities, amount to $2.5 billion through the company's broker/dealer as of December 31, 2025 [3]

Core Insights - The fourth-quarter investor letter from Aristotle Capital Boston, LLC indicates that U.S. small-cap equities experienced modest gains, with the Aristotle Small Cap Equity Fund returning 1.96% in Q4 2025, slightly trailing the Russell 2000 Index's return of 2.19% [1] Company Overview - WesBanco, Inc. (NASDAQ:WSBC) is a bank holding company that operates in West Virginia, Ohio, Western Pennsylvania, Kentucky, Southern Indiana, and Maryland, providing financial services to regional community banks [3] - The company has a market capitalization of $3.521 billion and reported a one-month return of 6.60%, with shares up 0.60% over the past twelve months [2] Investment Thesis - The investment letter highlights WesBanco's regional strength, stable financial base, and diversified product mix, positioning the company to capitalize on trust and deposit opportunities, small business growth, and potential M&A activities [3] - The fund acknowledges WesBanco's potential but suggests that certain AI stocks may offer greater upside potential and less downside risk [4]

Company Overview - WesBanco (WSBC) is based in Wheeling and operates in the Finance sector, with a year-to-date share price change of 5.99% [3] - The company currently pays a dividend of $0.38 per share, resulting in a dividend yield of 4.31%, which is significantly higher than the Banks - Southeast industry's yield of 2.07% and the S&P 500's yield of 1.33% [3] Dividend Performance - WesBanco's annualized dividend of $1.52 has increased by 2% from the previous year, with a total of five dividend increases over the last five years, averaging an annual increase of 3.19% [4] - The current payout ratio stands at 46%, indicating that the company distributes 46% of its trailing 12-month earnings per share as dividends [4] Earnings Growth Expectations - For the fiscal year, WesBanco anticipates solid earnings growth, with the Zacks Consensus Estimate for 2026 projected at $3.77 per share, reflecting a year-over-year earnings growth rate of 10.88% [5] Investment Considerations - WesBanco is viewed as a compelling investment opportunity due to its strong dividend profile and current Zacks Rank of 3 (Hold), making it an attractive option for income investors [6]

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Financial Data and Key Metrics Changes - Full year pre-tax, pre-provision earnings growth of 105% year-over-year, with earnings per share increasing 45% to $3.40 when excluding merger-related charges [3][4] - Fourth quarter net income, excluding merger and restructuring expenses, was $81 million, with diluted earnings per share of $0.84, an 18% increase year-over-year [4][10] - Total assets increased 48% year-over-year to $27.7 billion, with total portfolio loans rising 52% to $19.2 billion [11] Business Line Data and Key Metrics Changes - Loan growth was fully funded by deposit growth, with total loans increasing 6% annualized from the third quarter and 5% year-over-year [8][12] - Non-interest income for the fourth quarter was $43.3 million, a 19% increase year-over-year, driven by the acquisition of Premier [14] - Treasury management revenue reached a record of $6 million, with total wealth management assets under management at $10.4 billion [6][14] Market Data and Key Metrics Changes - Deposits increased 53% year-over-year to $21.7 billion, including $6.9 billion from acquired PFC deposits and $662 million from organic growth [12] - Commercial real estate payoffs totaled $415 million in the fourth quarter and over $900 million for the year, exceeding previous expectations [7][11] Company Strategy and Development Direction - The company successfully integrated Premier Financial, transforming into a $28 billion asset regional financial services partner, ranking among the top 50 publicly traded U.S. financial institutions [5][6] - Continued investment in organic growth through new loan production offices and a new healthcare vertical, optimizing financial center networks and digital banking capabilities [6][9] Management's Comments on Operating Environment and Future Outlook - Management anticipates mid-single-digit year-over-year loan growth during 2026, despite expected elevated commercial real estate payoffs [8][30] - The company expects net interest margin to remain consistent with the fourth quarter margin of 3.61% in the first quarter, with potential increases in subsequent quarters [19][44] Other Important Information - The efficiency ratio for the fourth quarter was just below 52%, reflecting a focus on operational efficiencies and cost control [10][16] - The CET1 ratio improved to 10.34%, with expectations to build 15-20 basis points per quarter moving forward [18][61] Q&A Session Summary Question: Loan growth expectations and payoffs - Management expects a step down in payoffs from the elevated fourth quarter number, estimating $600 million-$800 million in 2026, weighted towards the first half [28][30] Question: Details on the healthcare vertical - The healthcare vertical generated around $500 million in new loans last year and is expected to be a significant growth driver [32][33] Question: Expense guidance and branch evaluations - Management confirmed that branch closures are not reflected in current numbers, and evaluations of the branch network will continue throughout the year [42][43] Question: Margin outlook and factors influencing it - The margin is expected to remain flat in the first quarter, with a step up in the second quarter due to deposit growth and repricing of CDs [44][49] Question: Capital deployment priorities - The company prioritizes dividends, loan growth, and buybacks, with M&A being a distant fourth [59][60]

Financial Data and Key Metrics Changes - Full year pre-tax, pre-provision earnings growth of 105% year-over-year, with earnings per share increasing 45% to $3.40 when excluding merger-related charges [3][4] - Fourth quarter net income available to common shareholders of $81 million, with diluted earnings per share of $0.84, an 18% increase year-over-year [4][11] - Return on tangible common equity for the fourth quarter was 16%, with non-performing assets to total assets at 0.33% [6][15] Business Line Data and Key Metrics Changes - Total portfolio loans increased 52% year-over-year to $19.2 billion, driven by both acquired loans and organic growth [13] - Treasury management revenue reached a record of $6 million, with total wealth management assets under management at $10.4 billion [7][10] - Non-interest income for the fourth quarter was $43.3 million, a 19% increase year-over-year, primarily due to the acquisition of Premier [16] Market Data and Key Metrics Changes - Total deposits increased 53% year-over-year to $21.7 billion, with organic growth of $662 million fully funding loan growth [14] - Commercial real estate project payoffs totaled $415 million in the fourth quarter and over $900 million for the year, exceeding previous expectations [8][13] - The commercial loan pipeline stood at over $1.2 billion, with more than 40% tied to new markets and loan production offices [9] Company Strategy and Development Direction - The company successfully integrated Premier Financial, transforming into a $28 billion asset regional financial services partner, ranking among the top 50 publicly traded U.S. financial institutions [6] - Continued investment in organic growth through new loan production offices and a new healthcare vertical, optimizing financial center networks and digital banking capabilities [7][10] - Focus on relationship banking as a differentiator, with plans to expand into new markets such as Richmond and Atlanta [10][37] Management's Comments on Operating Environment and Future Outlook - Management anticipates mid-single-digit year-over-year loan growth during 2026, despite expected elevated commercial real estate payoffs [9][34] - The company expects net interest margin to remain consistent with the fourth quarter margin of 3.61% in the first quarter, with gradual increases anticipated throughout the year [21][49] - Management remains committed to disciplined expense management to drive positive operating leverage and shareholder value [22][60] Other Important Information - The efficiency ratio for the fourth quarter was just below 52%, reflecting updated calculation methodologies [18] - The company redeemed $150 million of Series A Preferred Stock and $50 million of subdebt acquired for Premier during the fourth quarter [19] - Anticipated effective tax rate for the full year is between 20.5% and 21.5%, slightly higher than 2025 [25] Q&A Session Summary Question: Loan growth expectations and payoffs - Management expects a step down in payoffs from the elevated fourth quarter number, estimating $600 million to $800 million in 2026, weighted towards the first half [31][32] Question: Details on the healthcare vertical - The healthcare vertical generated around $500 million in new loans last year and is expected to be a significant growth engine moving forward [35][36] Question: Expense guidance and branch evaluations - Management confirmed that branch closures are not reflected in current expense guidance, and evaluations of the branch network will continue [44][45] Question: Margin outlook and factors influencing it - Management discussed the extraordinary deposit growth in the fourth quarter and its impact on margin, with expectations for continued improvement in the second quarter [46][49] Question: Fee initiatives and treasury management growth - Treasury management fees have seen significant growth, with expectations for continued double-digit growth this year [98][100]