WSBCO · WesBanco, Inc.

WesBanco's Q1 2026 results reflect strong execution post-Premier Financial Corp. acquisition closed February 28, 2025, achieving or exceeding year-one targets including 1.3% return on average assets, 10.7% CET1 ratio, and tangible book value per share of $22.45. Net income swung to a $84.4 million profit from a $11.5 million loss YoY, propelled by a negative $0.9 million provision for credit losses versus $68.9 million prior year, which included day-one impacts from the acquisition. Net interest income rose 35.9% to $215.4 million, with margin expanding 22 bps to 3.57% from higher earning asset yields and deposit costs declining to 235 bps (177 bps including non-interest bearing). Non-interest income grew 20.7% to $41.8 million, boosted by trust fees, service charges, and brokerage revenue from expanded customer base and record wealth assets. Non-interest expense increased 9.5% but efficiency improved to 52.54% via synergies; excluding merger costs, expenses were up YoY due to full-quarter PFC integration. Balance sheet showed organic deposit growth of 1.8% to $21.7 billion (demand deposits 50%), while loans grew 2.2% despite $340 million CRE payoffs; commercial pipeline hit record $1.6 billion. Credit quality remained solid with allowance at 1.10% of loans, non-performers at 0.76%, and criticized/classified loans down to 2.91%. Management highlighted South Florida expansion, 10 branch closures in May for optimization, and maintained strong capital above well-capitalized levels. No forward guidance provided beyond ongoing organic growth focus.