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WesBanco (NasdaqGS:WSBC) Q3 2025 Earnings Call October 23, 2025 03:00 PM ET Company ParticipantsJeff Jackson - President and CEOJohn Iannone - SVP of Investor RelationsDan Weiss - Senior Executive VP and CFOConference Call ParticipantsKarl Shepard - AnalystDaniel Tamayo - AnalystCatherine Mealor - AnalystRussell Gunther - Equity Research AnalystDavid Bishop - Senior Equity Research AnalystOperatorGood day and welcome to WesBanco Inc.'s third quarter 2025 earnings conference call. All participants will be in ...

WesBanco (NasdaqGS:WSBC) Q3 2025 Earnings Call October 23, 2025 03:00 PM ET Company ParticipantsJeff Jackson - President and CEOJohn Iannone - SVP of Investor RelationsDaniel Weiss - Senior Executive VP and CFOConference Call ParticipantsKarl Shepard - AnalystDaniel Tamayo - AnalystRussell Gunther - Equity Research AnalystDavid Bishop - Senior Equity Research AnalystCatherine Mealor - AnalystOperatorGood day and welcome to WesBanco Inc.'s third quarter 2025 earnings conference call. All participants will be ...

WesBanco (NasdaqGS:WSBC) Q3 2025 Earnings Call October 23, 2025 03:00 PM ET Speaker3Good day and welcome to WesBanco Inc.'s third quarter 2025 earnings conference call. All participants will be in listen-only mode. Should you need assistance, please signal a conference specialist by pressing the star key followed by zero. After today's presentation, there will be an opportunity to ask questions. To ask a question, you may press star, then one on a touch-tone phone. To withdraw your question, please press st ...

WesBanco (NasdaqGS:WSBC) Q3 2025 Earnings Call October 23, 2025 03:00 PM ET Speaker0Good day, and welcome to WesBanco Inc. Third Quarter twenty twenty five Earnings Conference Call. All participants will be in listen only mode. After today's presentation, there will be an opportunity to ask questions. Please note that this event is being recorded.I would now like to turn the conference over to John Iannone, Senior Vice President of Investor Relations. Please go ahead.Speaker1Thank you. Good afternoon, and W ...

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Third Quarter 2025 Earnings Call Presentation 22 October 2025 Forward-Looking Statements and 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 exclud ...

Core Insights - WesBanco reported a revenue of $261.58 million for the quarter ended September 2025, marking a 72.2% increase year-over-year [1] - The earnings per share (EPS) for the quarter was $0.94, up from $0.56 in the same quarter last year [1] - The reported revenue exceeded the Zacks Consensus Estimate of $260.7 million, resulting in a surprise of +0.34% [1] - The company also delivered an EPS surprise of +5.62%, with the consensus EPS estimate being $0.89 [1] Financial Performance Metrics - Efficiency Ratio stood at 55.1%, slightly above the average estimate of 54.6% based on two analysts [4] - Net Interest Margin was reported at 3.5%, matching the average estimate from two analysts [4] - Mortgage banking income was $1.9 million, below the average estimate of $2.2 million from two analysts [4] - Total Non-Interest Income reached $44.86 million, surpassing the average estimate of $43.1 million based on two analysts [4] Stock Performance - WesBanco shares have returned -2.1% over the past month, while the Zacks S&P 500 composite increased by +1.1% [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the broader market in the near term [3]

Core Insights - WesBanco reported quarterly earnings of $0.94 per share, exceeding the Zacks Consensus Estimate of $0.89 per share, and showing a significant increase from $0.56 per share a year ago, resulting in an earnings surprise of +5.62% [1] - The company achieved revenues of $261.58 million for the quarter ended September 2025, surpassing the Zacks Consensus Estimate by 0.34% and up from $151.95 million year-over-year [2] - WesBanco has consistently outperformed consensus EPS and revenue estimates over the last four quarters [2] Earnings Outlook - The future performance of WesBanco's stock will largely depend on management's commentary during the earnings call and the sustainability of the recent price movements [3][4] - The current consensus EPS estimate for the upcoming quarter is $0.93 on revenues of $267.2 million, while the estimate for the current fiscal year is $3.42 on revenues of $981.9 million [7] Industry Context - The Banks - Southeast industry, to which WesBanco belongs, is currently ranked in the top 26% of over 250 Zacks industries, indicating a favorable outlook compared to lower-ranked industries [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]

Core Insights - WesBanco, Inc. reported a significant increase in net income for Q3 2025, reaching $81.0 million, compared to $34.7 million in Q3 2024, with diluted earnings per share rising to $0.84 from $0.54 [1][2][4] Financial Performance - For the nine months ended September 30, 2025, net income was $124.4 million, or $1.39 per diluted share, reflecting a day one provision for credit losses and expenses related to the acquisition of Premier Financial Corp. [1][2] - Excluding restructuring and merger-related expenses, adjusted earnings per diluted share for Q3 2025 was $0.94, up from $0.56 in the prior year [2][4] - Total deposits increased by 53.8% year-over-year to $21.3 billion, driven by $6.9 billion from the PFC acquisition and organic growth of 4.1% [5][7] - Total loans rose by 52.0% year-over-year to $18.9 billion, with organic growth of 4.8% and $5.9 billion from PFC [5][6] Operational Highlights - The net interest margin improved to 3.53%, an increase of 58 basis points year-over-year, attributed to higher earning asset yields and lower funding costs [5][10] - Non-interest income for Q3 2025 was $44.9 million, a 51.5% increase from the previous year, primarily due to the PFC acquisition [12][13] - The efficiency ratio improved to 55.1%, reflecting expense synergies from the PFC acquisition and a focus on cost management [5][14] Strategic Initiatives - The company is optimizing its financial center network, planning to close 27 locations, which is expected to yield approximately $6 million in pre-tax savings [4][5] - WesBanco's balance sheet as of September 30, 2025, showed total assets of $27.5 billion, a 48.6% increase year-over-year, including total portfolio loans of $18.9 billion [6][24] Credit Quality - Criticized and classified loans as a percentage of total portfolio loans decreased to 3.22%, indicating stable credit quality metrics [5][8] - The allowance for credit losses was 1.15% of total loans, amounting to $217.7 million, reflecting a decrease from the previous quarter [9][10] Capital Position - WesBanco maintains strong regulatory capital ratios, with a Tier I risk-based capital ratio of 11.83% and a common equity Tier 1 capital ratio of 10.1% as of September 30, 2025 [16][24]