Financial Performance - Net income available to common shareholders was $873 million, or $091 per share, excluding restructuring and merger-related expenses and day 1 provision for credit losses on acquired loans[6, 39] - Net interest margin improved to 359%, up 64 basis points year-over-year and 24 basis points quarter-over-quarter[6, 23] - Return on average tangible equity was 1716%, an increase of 838 basis points compared to the same quarter last year[8] - Efficiency ratio improved to 555%, driven by the benefits of the PFC acquisition and positive operating leverage[7] Loan and Deposit Growth - Total loans increased 536% year-over-year to $188 billion, reflecting $59 billion of loans from PFC and organic growth[6, 10, 11] - Total deposits increased 575% year-over-year to $212 billion, including $69 billion of deposits from PFC and organic growth[13, 15] - Year-over-year organic deposit growth was $850 million, or 63%, fully funding organic loan growth[15] Asset Quality and Capital - Non-performing assets to total assets ratio was 031%[6, 8] - Tangible common equity to tangible assets ratio was 760%[6, 19] - The allowance for credit losses on loans was $2239 million, providing a coverage ratio of 119%[31] Securities Portfolio - Total securities were $439 billion, representing 16% of total assets[17] - The securities portfolio had a weighted average yield of 321%[19]

Core Insights - WesBanco reported revenue of $260.73 million for the quarter ended June 2025, marking a 74.8% increase year-over-year [1] - The company's EPS was $0.91, up from $0.49 in the same quarter last year, exceeding the consensus estimate of $0.87 by 4.6% [1] Financial Performance - Revenue of $260.73 million surpassed the Zacks Consensus Estimate of $259.6 million, resulting in a surprise of +0.43% [1] - The efficiency ratio was reported at 55.5%, slightly above the estimated 55.2% [4] - Net interest margin was reported at 3.6%, matching the average estimate [4] - Mortgage banking income reached $2.36 million, exceeding the average estimate of $1.65 million [4] - Total non-interest income was $43.96 million, surpassing the average estimate of $41.5 million [4] Stock Performance - WesBanco shares returned +1.8% over the past month, underperforming the Zacks S&P 500 composite's +3.6% change [3] - The stock currently holds a Zacks Rank 4 (Sell), indicating potential underperformance relative to the broader market in the near term [3]

Core Insights - WesBanco (WSBC) reported quarterly earnings of $0.91 per share, exceeding the Zacks Consensus Estimate of $0.87 per share, and showing a significant increase from $0.49 per share a year ago, representing an earnings surprise of +4.60% [1] - The company achieved revenues of $260.73 million for the quarter ended June 2025, surpassing the Zacks Consensus Estimate by 0.43% and up from $149.16 million year-over-year [2] - WesBanco has consistently surpassed consensus EPS estimates over the last four quarters, achieving this four times [2] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.89, with projected revenues of $262.8 million, while the estimate for the current fiscal year is $3.10 on revenues of $978.7 million [7] - The company's earnings outlook is crucial for investors, as it reflects current consensus expectations and any recent changes in those expectations [4] Market Performance - WesBanco shares have underperformed the market, losing about 1.1% since the beginning of the year, compared to the S&P 500's gain of 8.6% [3] - The Zacks Rank for WesBanco is currently 4 (Sell), indicating expectations of underperformance in the near future due to unfavorable estimate revisions prior to the earnings release [6] Industry Context - The Banks - Southeast industry, to which WesBanco belongs, is currently ranked in the top 6% of over 250 Zacks industries, suggesting a favorable environment for stocks within this sector [8] - Another company in the same industry, First National Corp. (FXNC), is expected to report quarterly earnings of $0.49 per share, reflecting a year-over-year change of +2.1% [9]

Core Viewpoint - WesBanco, Inc. reported significant growth in net income and earnings per share for the second quarter of 2025, driven by the successful acquisition of Premier Financial Corp. and operational improvements. Financial Performance - Net income available to common shareholders for Q2 2025 was $54.9 million, with diluted earnings per share of $0.57, compared to $26.4 million and $0.44 per diluted share in Q2 2024 [1] - For the first half of 2025, net income was $43.4 million, or $0.50 per diluted share, down from $59.5 million, or $1.00 per diluted share, in the same period of 2024 [1] - Adjusted net income per diluted share, excluding certain items, was $0.91 for Q2 2025, up from $0.49 in the prior year [2] Loan and Deposit Growth - Total loans increased 53.6% year-over-year to $18.8 billion, reflecting $5.9 billion from Premier Financial Corp. and organic growth of 5.5% [3][4] - Deposits rose 57.5% year-over-year to $21.2 billion, driven by $6.9 billion from Premier Financial Corp. and organic growth of $0.8 billion [5] Net Interest Margin and Income - The net interest margin for Q2 2025 was 3.59%, an increase of 64 basis points year-over-year, attributed to higher loan yields and lower funding costs [8] - Net interest income for Q2 2025 was $216.8 million, an increase of 85.9% year-over-year, primarily due to the larger balance sheet from the acquisition [9] Non-Interest Income - Non-interest income for Q2 2025 was $44.0 million, a 40.2% increase from the previous year, largely due to the acquisition of Premier Financial Corp. [10] Non-Interest Expense - Non-interest expense, excluding restructuring and merger-related costs, was $145.5 million for Q2 2025, a 47.5% increase year-over-year, mainly due to the addition of Premier Financial Corp.'s expense base [14] Capital and Credit Quality - As of June 30, 2025, the allowance for credit losses was 1.19% of total loans, amounting to $223.9 million [7] - Credit quality metrics remained low, with criticized and classified loans at 3.63% of total portfolio loans, although this was an increase from the previous quarter [6] Efficiency and Operational Highlights - The efficiency ratio improved to 55.5%, more than 10 percentage points better year-over-year, reflecting the benefits of the acquisition and a focus on expense management [11] - The successful conversion of customer data systems for approximately 400,000 consumer and 50,000 business relationships from Premier Financial Corp. was achieved [3]

Core Insights - WesBanco, Inc. has opened a new commercial loan production office (LPO) in Northern Virginia, marking its first commercial-focused LPO in the area and expanding its capabilities in the Dulles Corridor and Washington, D.C. metro region [1][2][3] Company Expansion - The new LPO aligns with WesBanco's long-term strategy to grow in high-opportunity markets adjacent to its current footprint, bringing dedicated lending expertise to a vibrant region encompassing seven counties [2][3] - David Leudemann has been appointed as City President and Senior Commercial Banker to lead the new LPO, bringing extensive industry experience and regional ties [3][4] Market Opportunities - The Northern Virginia market is viewed as dynamic, offering significant opportunities for business growth and community engagement [3] - WesBanco aims to deliver tailored financial solutions to empower local and regional businesses [4] Company Reputation - WesBanco has received multiple accolades for soundness, profitability, customer service, and community development, including an "Outstanding" FDIC Community Reinvestment Act rating and recognition in Forbes' Most Trusted Companies in America [4] Operational Details - The Northern Virginia commercial LPO is currently co-located with its residential mortgage LPO in Leesburg, Virginia, with plans to relocate to Fairfax County in the near future [5] Company Overview - WesBanco, Inc. has over 150 years of experience as a community-focused financial services partner, with total assets of $27.4 billion as of March 31, 2025 [6]

Core Viewpoint - WesBanco, Inc. has appointed Kevin McCormack as the Mid-Atlantic Market President and Senior Commercial Banker to drive growth in the Maryland and Washington D.C. metro areas while enhancing community involvement [1][2]. Company Overview - WesBanco, Inc. is a diversified, multi-state bank holding company with over 150 years of experience in community-focused financial services [4]. - The company has total assets of $27.4 billion, with $7.0 billion in Trust and Investment Services assets under management and $2.4 billion in securities account values as of March 31, 2025 [4]. Leadership Appointment - Kevin McCormack brings over 20 years of experience in commercial banking, previously serving as Commercial Banking Leader for Greater Washington at Atlantic Union Bank [2]. - His past roles include leadership positions at Wells Fargo Bank and M&T Bank, showcasing a strong background in commercial banking [2]. Strategic Focus - In his new role, McCormack will emphasize strategic collaboration to deliver customized client solutions and will advocate for WesBanco's commitment to local communities [1][3]. - The Mid-Atlantic market overseen by McCormack includes more than 20 counties, with over 25 financial centers in the region [3]. Community Engagement - McCormack is actively involved in community service, serving on the Board of Directors for the James Hollister Foundation and volunteering for the American Red Cross [2]. - His commitment to community involvement aligns with WesBanco's mission to enhance the success of its clients and communities [3].

Financial Performance - Pre-tax, pre-provision income increased by 14.2% year-over-year to $64.8 million[4] - Net income available to common shareholders was $50.6 million, with diluted EPS of $0.76[4] - Mortgage banking income increased significantly by 84.0% year-over-year to $5.4 million[4] - The efficiency ratio improved to 57.06%[4] Balance Sheet and Loan Portfolio - Total risk-based capital ratio was 17.57%[3] - Loan growth was 5.1% year-over-year, including approximately $726.3 million in SBA PPP loans[4] - Deposit growth (excluding CDs) was 20.8% year-over-year[4] - Q4 residential real estate loan levels were impacted by retaining a smaller percentage of the $351 million of Q4 mortgage origination dollar volume (~50% refi) on the balance sheet[11] - Q4 consumer loans declined 17.6% YoY reflecting payoffs driven by utilization of residential mortgage refinancing and higher personal savings[11] Asset Quality and Credit Loss - Non-performing assets to total assets ratio was 0.25%[6] - Net loan charge-offs to average loans (annualized) was 0.02%[6] - Allowance for credit losses as a percentage of total loans was 1.72%, or 1.85% excluding SBA PPP loans[42] Customer Support and Deferrals - Pandemic-related loan deferral balances decreased by approximately 90% from the May 2020 peak, reaching $171 million as of December 31, 2020[15]

Financial Performance - Pre-tax, pre-provision income was $57.8 million[5] - Net income available to common shareholders was $45.4 million, with diluted EPS of $0.70 per share[5] - The efficiency ratio year-to-date was 57.04%[5] - Return on average tangible equity was 11.57% for the quarter ending September 30, 2021[6] Balance Sheet and Loan Portfolio - Deposit growth, excluding certificates of deposit, increased by 15.0% year-over-year[5] - Non-performing assets to total assets stood at 0.24%[5] - Approximately 21 million shares of WesBanco common stock were repurchased during the quarter[5] - Remaining SBA PPP loans totaled approximately $272 million as of September 30, 2021[9] Net Interest Margin and Non-Interest Income - Investment securities increased by $1.1 billion year-over-year, representing approximately 23% of total assets[14] - Total non-interest income was $32.755 million[15] - Trust fees increased by 13.4% due to net organic growth in trust assets under management ($5.5 billion)[15]

Financial Results Release - Wesbanco, Inc. will release its financial results for Q2 2025 after market close on July 29, 2025[6] Conference Call - A conference call to discuss the Q2 2025 financial results is scheduled for July 30, 2025, at 9:00 a.m. ET[6]

Core Points - WesBanco, Inc. will host a conference call on July 30, 2025, to review its financial results for the second quarter of 2025, with results expected to be released after market close on July 29, 2025 [1] - The conference call can be accessed via a live webcast on the company's website or by dialing specific numbers for participants [2] - A replay of the conference call will be available starting July 30, 2025, and will last until August 13, 2025, with access codes provided for participants [3] Company Overview - WesBanco, Inc. has over 150 years of experience as a community-focused regional financial services provider, offering a range of banking solutions, trust, brokerage, wealth management, and insurance services [4] - The company is headquartered in Wheeling, West Virginia, and has total assets of $27.4 billion, with $7.0 billion in assets under management in its Trust and Investment Services [4] - Securities account values, including annuities, amount to $2.4 billion through its broker/dealer as of March 31, 2025 [4]