UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2022 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 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 1 Bank Plaza, Wheeling, WV 2 ...

WesBanco, Inc. (NASDAQ:WSBC) Q3 2022 Earnings Conference Call October 26, 2022 10:00 AM ET Company Participants John Iannone - SVP Investor Relations Todd Clossin - President and CEO Jeff Jackson - Senior EVP and COO Dan Weiss - EVP and CFO Conference Call Participants David Bishop - Hovde Group Daniel Cardenas - Janney Montgomery Scott Manuel Navas - D.A. Davidson Operator Hello and welcome to the WesBanco, Inc. Third Quarter 2022 Earnings Conference Call. All participants will be in a listen-only mode. [O ...

Third Quarter 2022 Earnings Call Presentation 25 October 2022 Forward-Looking Statements and Non-GAAP Financial Measures 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, 2021 and ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2022 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 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 1 Bank Plaza, Wheeling, WV 26003 ...

Financial Data and Key Metrics Changes - For Q2 2022, the company reported net income available to common shareholders of $40.3 million and diluted earnings per share of $0.67, excluding after-tax merger and restructuring charges [7][21] - Total assets reached $16.8 billion, with total portfolio loans at $10.2 billion and total securities at $4.2 billion, reflecting a 7.7% year-over-year increase in total securities [22] - The net interest margin improved to 3.03%, an increase of eight basis points sequentially, driven by a 125 basis point increase in the federal funds rate [25][26] Business Line Data and Key Metrics Changes - Total loans increased by 3.8% year-over-year, with strong growth in real estate loans, and a sequential increase of 5.4% or 21.8% annualized [23] - Residential mortgage originations totaled $328 million, a 21% increase from Q1 2022, with 90% of originations attributed to home construction and purchases [13][27] - Commercial loan growth was 21% annualized, supported by a robust commercial pipeline of approximately $825 million as of June 30 [10][11] Market Data and Key Metrics Changes - Total deposits increased year-over-year to $13.6 billion, despite a sequential decrease, with non-interest bearing deposits representing a record 35% of total deposits [24] - The company experienced strong deposit inflows from shale-related activities, with quarterly inflows ranging from $15 million to $25 million due to high natural gas prices [68] Company Strategy and Development Direction - The company remains focused on organic growth potential while balancing risk and credit quality, targeting mid to upper single-digit growth over time [16][54] - Strategic investments in hiring commercial lenders and expanding loan production offices in high-growth markets like Kentucky and Maryland are ongoing [15][39] - The company is opportunistic regarding M&A but does not prioritize it as a major focus [8] Management's Comments on Operating Environment and Future Outlook - Management anticipates continued margin improvement as recent Fed rate increases impact interest income on earning assets [20][33] - The company expects to maintain a disciplined approach to expenses, projecting a 6% to 8% increase in operating expenses for Q3 2022 due to hiring and inflationary pressures [39][71] - The provision for credit losses will depend on macroeconomic factors, with a focus on unemployment rates as the primary driver for CECL reserves [40][88] Other Important Information - The company received national accolades for employee satisfaction and financial success, being recognized as one of America's most trustworthy companies [19][18] - The management team is preparing for a leadership transition, with Todd Clossin announcing his retirement and Jeff set to take over [90][92] Q&A Session Summary Question: Can you unpack the loan growth and potential for further increases in line utilization? - Management noted that commercial real estate payoffs have moderated, and C&I line utilization is still below historical ranges, indicating potential for growth [50][51] Question: What is the outlook for deposit sensitivity with later rate hikes? - Management expects to lag the market in deposit pricing but is monitoring the situation closely due to strong deposit inflows [66][67] Question: What is the expected expense growth with new hires? - Management indicated that while expenses will increase due to new hires, they expect positive operating leverage to offset these costs [100][101] Question: How are you thinking about fee income for the second half of the year? - Management expects trust fees to remain stable, with mortgage banking income dependent on customer preferences and market conditions [79][80] Question: What factors will influence the CECL reserve going forward? - Management highlighted that unemployment is the primary driver for CECL reserves, with a slightly negative view on unemployment impacting their forecasts [88][89]

Second Quarter 2022 Earnings Call Presentation 26 July 2022 Forward-Looking Statements and Non-GAAP Financial Measures 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, 2021 and do ...

(Mark One) UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2022 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 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 1 Bank Plaza, Wheeling, WV 26003 ...

By all accounts, better. Investor Presentation (Q1 2022) (WSBC financials as of the three months ended 31 December 2021) John Iannone Senior Vice President, Investor & Public Relations 304-905-7021 Forward-Looking Statements and Non-GAAP Financial Measures 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. Th ...

WesBanco, Inc. (NASDAQ:WSBC) Q1 2022 Earnings Conference Call April 27, 2022 10:00 AM ET Company Participants Todd F. Clossin – President and Chief Executive Officer Dan Weiss – Executive Vice President and Chief Financial Officer John Iannone – Senior Vice President of Investor Relations and Public Relations Conference Call Participants Casey Whitman – Piper Sandler Karl Shepard – RBC Capital Markets Stuart Lotz – KBW Russell Gunther – D.A. Davidson Steve Moss – B Riley, FBR Broderick Preston – Stephens In ...

Financial Performance - As of December 31, 2021, Wesbanco's total assets were approximately $16.9 billion[12] - For the year ended December 31, 2021, Wesbanco declared cash dividends of approximately $95.8 million to its preferred and common shareholders[39] - Wesbanco's leverage ratio was 10.02% and the Bank's leverage ratio was 9.68% as of December 31, 2021[52] - Wesbanco Bank was classified as "well capitalized" as of December 31, 2021, allowing it to pay dividends without restrictions[40] - As of December 31, 2021, Wesbanco's Common Equity Tier 1 (CET1), Tier 1, and total capital to risk-adjusted assets ratios were 12.77%, 14.05%, and 15.91%, respectively, all exceeding minimum requirements[52] - Wesbanco Bank's CET1, Tier 1, and total capital to risk-adjusted assets ratios were 13.60%, 13.60%, and 14.31%, respectively, as of December 31, 2021[52] - The bank's total assets were above $15 billion as of December 31, 2021, thus it is no longer able to count trust preferred securities as Tier 1 capital[53] - The Federal Reserve requires banks to maintain a CET1 ratio of at least 4.5%, a Tier 1 capital ratio of at least 6%, and a total capital ratio of at least 8%[50] Regulatory Compliance - Wesbanco is subject to enhanced prudential supervision due to exceeding the $10 billion asset threshold, impacting its regulatory compliance[32] - The Dodd-Frank Act requires Wesbanco to act as a source of financial strength to its subsidiary bank, which may necessitate capital infusions during troubled times[38] - The Dodd-Frank Act has led to reforms affecting Wesbanco's businesses, including enhanced prudential requirements for risk management and capital[62] - Wesbanco's capital levels are monitored under the FDIC regulations, which impose restrictions on undercapitalized institutions[57] - The Dodd-Frank Act has led to numerous reforms in the U.S. financial system, impacting Wesbanco's operations through regulations on capital, liquidity, and risk management[62] - The Dodd-Frank Act requires annual company-run stress tests for bank holding companies with total consolidated assets greater than $100 billion, but Wesbanco is not subject to these rules as it has less than $100 billion in average total consolidated assets[68][69] - Wesbanco is not subject to the Federal Reserve's stress-test rules as it has less than $100 billion in average total consolidated assets[69] Community Engagement - Wesbanco made over $0.9 million in philanthropic donations in support of communities across its footprint in the past year[30] - Wesbanco originated over $1.5 billion in community development loans in the past five years, supporting financial needs in low-income communities[83] - Wesbanco Bank has received an "Outstanding" CRA rating from the FDIC for seven consecutive examinations, reflecting its commitment to community development[82] - Wesbanco's community development initiatives include partnerships with governmental and non-profit agencies to assist low- and moderate-income customers[83] - The bank has deployed hundreds of thousands of dollars in philanthropic donations to support local organizations[83] - Wesbanco Bank partners with governmental and non-profit agencies to provide special programs for low- and moderate-income customers[83] Workforce and Culture - Wesbanco employed 2,389 full-time equivalent employees, with an average tenure of over 9 years[24] - The turnover rate for Wesbanco's total employees in 2021 was 23.03%, while the turnover rate for officers was just 5.47%[25] - The company has a diverse workforce, with 9% of employees being minorities and 54% of officers being women[25] - Wesbanco's corporate culture emphasizes customer and employee-centric values, aiming to build long-term relationships through effective service[26] Market Position and Competition - The company has faced significant competitive pressure due to consolidation within the financial services industry and the expansion of larger financial institutions[31] - Wesbanco's trust and investment services segment faces intense competition from various financial institutions, including banks and investment firms, which may impact its market share and profit potential[31] - Wesbanco's expansion into larger metropolitan markets has led to increased competition from established banks with larger customer bases[31] Regulatory Changes and Impact - The Durbin Amendment caps debit card interchange fees at $0.21 plus an additional 0.05% of the transaction value, affecting Wesbanco's interchange income since July 2019[67] - The Volcker Rule limits Wesbanco's ability to engage in proprietary trading and invest in hedge funds, with compliance requirements adjusted as of January 1, 2020[64] - Wesbanco has gross consolidated trading assets and liabilities below $1 billion, qualifying for the limited trading compliance presumption under the Volcker Rule[64] - The CFPB's regulations, resulting from the Dodd-Frank Act, have increased compliance requirements for Wesbanco, particularly in mortgage lending and consumer protection laws[79] - The TRID rules, effective October 3, 2015, have created significant compliance challenges for Wesbanco in real estate lending transactions[80] Financial Services and Products - Wesbanco's subsidiaries include Wesbanco Insurance Services and Wesbanco Securities, which provide a range of financial services[13][14] - Wesbanco Securities provides customer protection for securities accounts up to $500,000, with a cash balance limit of $250,000[85] - Wesbanco has developed innovative loan and deposit products to meet the financial needs of its customers[83] - Wesbanco adopted the CECL methodology effective January 1, 2020, and opted for a five-year transition period to manage its regulatory capital[78] Government Programs - The CARES Act established the Paycheck Protection Program (PPP) to provide guaranteed loans to eligible businesses during COVID-19, which Wesbanco participates in[75] - The Economic Aid Act extended the PPP loan program, providing additional funds and flexibility for borrowers affected by the pandemic[75] - The Economic Aid Act extended the relief for loan modifications related to COVID-19 until December 31, 2021, allowing banks to assist affected borrowers[76]