Financial Data and Key Metrics Changes - Earnings per share (EPS) for Q3 2025 was $0.94, excluding merger-related charges, representing a 68% increase year-over-year [4][11] - Net income, excluding restructuring and merger-related expenses, was $90 million for the quarter [4][11] - The net interest margin improved to 3.53%, up 58 basis points year-over-year [16] - Total assets increased by 49% year-over-year to $27.5 billion [12] - Total deposits grew by 53.8% year-over-year to $21.3 billion [14] Business Line Data and Key Metrics Changes - Fee income grew by 52% year-over-year, driven by organic growth across various business lines, particularly wealth management [4][12] - Non-interest income for Q3 was $44.9 million, a 51.5% increase year-over-year [17] - Commercial loan pipeline stood at approximately $1.5 billion, with over 40% tied to new markets [7] Market Data and Key Metrics Changes - Customer satisfaction scores in new markets rebounded to pre-conversion levels, with overall satisfaction in the upper 80% percentile [5] - Total portfolio loans increased by 52% year-over-year, driven by both acquired loans and organic growth [12] Company Strategy and Development Direction - The company is focused on operational excellence to support long-term profitable growth and enhance shareholder value [3] - Plans to optimize the financial center network include closing 27 centers and opening new ones in Tennessee and Ohio [9][10] - The strategy emphasizes organic growth through loan production offices (LPOs) and expanding into new markets [8][56] Management's Comments on Operating Environment and Future Outlook - Management remains optimistic about future loan growth despite challenges from commercial real estate payoffs, projecting mid-single-digit loan growth for 2025 [8][13] - The company anticipates a rebound in net interest margin during Q4 2025, reflecting improvements in funding costs and loan growth [21] - The effective tax rate is expected to be around 19.5% for the year [22] Other Important Information - The company raised $230 million in Series B preferred stock to redeem Series A preferred stock and subordinated debt [19] - The planned closure of financial centers is expected to generate approximately $6 million in net pre-tax annual savings [10] Q&A Session Summary Question: Loan growth and commercial real estate paydowns - Management reported strong loan production with a pipeline of $1.5 billion and expects mid-single-digit loan growth despite CRE paydowns [24][26] Question: Margin expectations - Management confirmed expectations for 3 to 5 basis points of quarterly margin expansion [27][28] Question: Impact of branch closures on expenses - Management indicated that branch closures will provide a tailwind to expenses, allowing for potential reinvestment in technology and personnel [35][37] Question: Healthcare team growth potential - The healthcare team has closed approximately $250 million in loans and could potentially reach $300 to $500 million in loans annually [43] Question: Deposit competition - Management noted that deposit competition remains similar to previous quarters, with no significant intensification [54] Question: Capital management and buyback plans - The company is focused on capital build and is less likely to pursue buybacks in the near term [49][51]

Financial Data and Key Metrics Changes - Earnings per share (EPS) for Q3 2025 was $0.94, excluding merger-related charges, representing a 68% increase year over year [5][14] - Net income excluding merger and restructuring expenses was $90 million, a significant increase from $36.3 million in the prior year [14] - The efficiency ratio improved by 10 percentage points year over year to 55% due to expense synergies from the Premier acquisition [6][15] - Net interest margin increased to 3.53%, up 58 basis points year over year [18] Business Line Data and Key Metrics Changes - Fee income grew by 52% year over year, driven by organic growth across various business segments, particularly wealth management [5][15] - Total portfolio loans increased by 52% year over year, attributed to the acquisition of PFC loans and organic growth [15][18] - Commercial loan pipeline stood at approximately $1.5 billion, with over 40% tied to new markets [9] Market Data and Key Metrics Changes - Total deposits grew organically by more than $570 million year over year, reaching $21.3 billion, a 53.8% increase [7][18] - The company experienced a pickup in commercial real estate payoffs totaling $235 million during Q3, impacting loan growth [8][17] Company Strategy and Development Direction - The company is focused on operational excellence to support long-term profitable growth and enhance shareholder value [4][5] - Plans to optimize the financial center network include closing 27 financial centers while opening new locations in Tennessee and Ohio [12][13] - The strategy emphasizes collaboration across commercial banking, treasury management, and retail to deepen banking relationships [10] Management's Comments on Operating Environment and Future Outlook - Management remains optimistic about future loan growth despite headwinds from commercial real estate payoffs, expecting mid-single-digit loan growth for 2025 [10][17] - The company anticipates a 25 basis point Fed rate cut in October but does not expect a significant impact on net interest margin in the near term [22] - Management is excited about the strong performance in new markets and the potential for organic growth opportunities [22][73] Other Important Information - The company raised $230 million in Series B preferred stock to redeem Series A preferred stock and sub-debt acquired from PSC [21] - Noninterest expense increased by 46% year over year due to the addition of Premier's expense base and higher FDIC insurance costs [20] Q&A Session Summary Question: Loan growth and commercial real estate paydowns - Management expressed satisfaction with loan production, noting a year-over-year increase in new production from $1.7 billion to $2.3 billion [28] - They expect mid-single-digit loan growth for the remainder of the year despite anticipated paydowns [31] Question: Margin expectations - Management confirmed expectations for 3 to 5 basis points of quarterly margin expansion [32] Question: Impact of branch closures on expenses - Management indicated that branch closures would provide a tailwind to expenses, allowing for potential reinvestment in technology and personnel [41][45] Question: Healthcare team growth potential - The healthcare team has closed approximately $250 million in loans and could potentially achieve $300 million to $500 million in loans annually [53] Question: Deposit competition - Management noted that deposit competition remains similar to previous quarters, with expectations for relief on deposit pricing due to commercial real estate payoffs [71] Question: Capital management and buyback plans - Management is focused on capital build and indicated that buybacks are less likely in the near term [63]

Group 1 - The article does not provide any relevant content regarding company or industry insights [1]

Financial Performance - Net income available to common shareholders was $90.0 million, resulting in diluted earnings per share of $0.94[6] - Net interest margin increased by 58 basis points year-over-year to 3.53%[6] - The efficiency ratio improved to 55.1% due to expense synergies from the PFC acquisition[6] - Return on average tangible equity was 17.48%, an increase of 802 basis points compared to the same quarter last year[7] Loan and Deposit Growth - Total loan growth increased by 52.0% year-over-year, reaching $18.9 billion[6, 9] - Total organic loan growth was 4.8% year-over-year and 2.2% quarter-over-quarter annualized[6, 10] - Total deposits increased by 53.8% year-over-year to $21.3 billion[14] - Average loans to average deposits were 89.4%[6] Capital and Asset Quality - Tangible common equity to tangible assets ratio was 7.92%[6] - Non-performing assets to total assets stood at 0.35%[6] - The allowance for credit losses on loans was $217.7 million, representing a coverage ratio of 1.15%[30]

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]

Group 1 - The article discusses new fixed-income financial products listed on the exchange, focusing on the IPO-evaluation methodology applied to the latest product [1] - Active investors are invited to join a free trial and engage in discussions within a chat room of sophisticated traders and investors [1] Group 2 - The article emphasizes that past performance does not guarantee future results and does not provide specific investment recommendations [2] - It clarifies that the analysts contributing to the article may not be licensed or certified by any regulatory body [2]

Core Insights - Companies with a strong history of dividend payments and increases are attractive to income-focused investors, with Essential Utilities, Verizon, and WesBanco recently announcing dividend hikes and offering yields up to around 6% [1]. Essential Utilities - Essential Utilities Inc. (NYSE:WTRG) provides water, wastewater, and natural gas services in the U.S. [2] - The company has raised its dividends for 34 consecutive years, with a recent increase of 5.25% to $0.3426 per share, translating to an annual figure of $1.37 per share [3]. - The current dividend yield is 3.34%, and the annual revenue as of June 30 is $2.34 billion. For Q2 2025, the company reported revenues of $514.91 million and EPS of $0.38, both exceeding consensus estimates [3]. Verizon Communications - Verizon Communications Inc. (NYSE:VZ) is a major player in technology and telecommunications, known for its extensive wireless network and services [4]. - The company has increased its dividends for 19 consecutive years, with a recent hike of 1.25% to $0.69 per share, equating to an annual figure of $2.76 per share [5]. - The current dividend yield is 6.68%, and the annual revenue as of June 30 is $137 billion. For Q2 2025, Verizon reported revenues of $34.50 billion and EPS of $1.22, both surpassing consensus estimates [5]. WesBanco - WesBanco Inc. (NASDAQ:WSBC) offers a range of banking and financial services in the U.S. [6]. - The company has raised its dividends for 14 consecutive years, with a recent increase from $0.36 to $0.37 per share, resulting in an annual figure of $1.48 per share [7]. - The current dividend yield stands at 4.40%, and the company maintained its payout level in a recent announcement [7].

[Filing Information](index=1&type=section&id=Filing%20Information) This section provides the foundational details of the Form 8-K filing, including the registrant's identity, jurisdiction, and the securities registered on the Nasdaq Global Select Market [General Filing Details](index=1&type=section&id=General%20Filing%20Details) This section provides the foundational details of the Form 8-K filing, including the registrant's identity, jurisdiction, and the securities registered on the Nasdaq Global Select Market - The filing is a **Form 8-K Current Report** by WESBANCO, INC., dated October 02, 2025[1](index=1&type=chunk)[2](index=2&type=chunk) - Wesbanco, Inc. is incorporated in **West Virginia**[2](index=2&type=chunk) Registered Securities | Title of each class | Symbol(s) | Name of each exchange on which registered | | :------------------ | :-------- | :---------------------------------------- | | Common Stock $2.0833 Par Value | WSBC | Nasdaq Global Select Market | | Depositary Shares (each representing 1/40th interest in a share of 6.75% Fixed-Rate Reset Non Cumulative Perpetual Preferred Stock, Series A) | WSBCP | Nasdaq Global Select Market | [Item 2.02 Results of Operations and Financial Condition](index=3&type=section&id=Item%202.02%20Results%20of%20Operations%20and%20Financial%20Condition) This section details the announcement regarding the release of third-quarter 2025 financial results and the associated conference call [Third Quarter 2025 Earnings Release Announcement](index=3&type=section&id=Third%20Quarter%202025%20Earnings%20Release%20Announcement) Wesbanco, Inc. announced the scheduled release of its financial results for the third quarter of 2025 and an accompanying conference call for investors and analysts - Third quarter 2025 financial results will be released after market close on **Wednesday, October 22, 2025**[6](index=6&type=chunk) - A conference call to discuss the results will be hosted on **Thursday, October 23, 2025, at 3:00 p.m. ET**[6](index=6&type=chunk) - The press release detailing this announcement is attached as **Exhibit 99.1** to this report[7](index=7&type=chunk) [Item 9.01 Financial Statements and Exhibits](index=3&type=section&id=Item%209.01%20Financial%20Statements%20and%20Exhibits) This section outlines the financial statements and exhibits included as part of the Form 8-K filing [Exhibits Filed](index=3&type=section&id=Exhibits%20Filed) This section lists the exhibits that are filed as part of this Form 8-K report, providing supplementary information Exhibit List | Exhibit Number | Description | | :------------- | :---------------------------------------------------------------------------- | | 99.1 | Press release announcing the scheduled release of third quarter 2025 earnings and conference call | | 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) | [Signature](index=4&type=section&id=Signature) This section provides the formal signatory details, confirming the report's authorization and submission [Authorized Signatory](index=4&type=section&id=Authorized%20Signatory) This section formally concludes the report, indicating that it has been duly signed on behalf of Wesbanco, Inc. by an authorized officer - The report was signed by **Daniel K. Weiss, Jr., Senior Executive Vice President and Chief Financial Officer** of Wesbanco, Inc[10](index=10&type=chunk) - The signing date for the report was **October 2, 2025**[10](index=10&type=chunk)