WesBanco Announces Second Quarter 2025 Financial Results

Highlighted by a net interest margin of 3.59% and successful customer data systems conversion of Premier Financial

WesBanco, Inc. (“WesBanco” or “Company”) (Nasdaq: WSBC), a diversified, multi-state bank holding company, today announced net income and related earnings per share for the three months ended June 30, 2025. Net income available to common shareholders for the second quarter of 2025 was $54.9 million, with diluted earnings per share of $0.57, compared to $26.4 million and $0.44 per diluted share, respectively, for the second quarter of 2024. For the six months ended June 30, 2025, net income was $43.4 million, or $0.50 per diluted share, which reflected the impact of a day one provision for credit losses and other expenses related to the closing of the Premier Financial Corp. (“PFC”) acquisition on February 28th, compared to $59.5 million, or $1.00 per diluted share, for the 2024 period.

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As noted below, WesBanco reported $0.91 of earnings per diluted share, in the second quarter, as compared to $0.49 in the prior year period, when excluding after-tax restructuring and merger-related expenses (non-GAAP measures). On a similar basis and excluding the after-tax day one provision for credit losses on acquired loans, WesBanco reported $1.60 per diluted share, for the six month period, as compared to $1.05 per diluted share last year (non-GAAP measures).

For the Three Months Ended June 30, For the Six Months Ended June 30, 2025 2024 2025 2024(unaudited, dollars in thousands, Net Income Diluted Net Income Diluted Net Income Diluted Net Income Dilutedexcept per share amounts) Earnings Earnings Earnings Earnings Per Share Per Share Per Share Per ShareNet income available to common shareholders (GAAP) $ 54,884 $ 0.57 $ 26,385 $ 0.44 $ 43,360 $ 0.50 $ 59,546 $ 1.00Add: After-tax day one provision for credit losses on acquired loans – – – – 46,926 0.54 – -Add: After-tax restructuring and merger-related expenses 32,434 0.34 2,984 0.05 48,242 0.56 2,984 0.05Adjusted net income available to common shareholders (Non-GAAP) (1) $ 87,318 $ 0.91 $ 29,369 $ 0.49 $ 138,528 $ 1.60 $ 62,530 $ 1.05(1) See non-GAAP financial measures for additional information relating to the calculation of these items.

Financial and operational highlights during the quarter ended June 30, 2025:

— Successfully converted the customer data systems for the bank and trust department of PFC

— Total loan growth was 3.3% annualized over the sequential quarter reflecting the strength of WesBanco's new and legacy markets

— Reflecting $5.9 billion of loans fromPFC and organic growth of 5.5%, total loans increased 53.6% year-over-year to $18.8 billion

— Reflecting $6.9 billion of deposits from PFC and organic growth of 6.3%, total deposits increased 57.5% year-over-year to $21.2 billion

— Average loans to average deposits were 89.5%, providing continued capacity to fund loan growth

— Net interest margin of 3.59% increased 24 basis points sequentially, as PFC benefited the margin by approximately 37 basis points through interest mark accretion, the first quarter's securities restructuring, and lower funding costs

— Reflecting the PFC acquisition, market appreciation, and organic growth, WesBanco Trust and Investment Services assets under management increased to a record $7.2 billion and broker-dealer securities account values (including annuities) increased to a record $2.6 billion

— Efficiency ratio of 55.5% improved more than 10 percentage points year-over-year and 3 percentage points sequentially due to the benefits of the PFC acquisition, as well as a continued focus on expense management and driving positive operating leverage

— Key credit quality metrics continued to remain at low levels and favorable to peer bank averages (based upon the prior four quarters for banks with total assets between $20 billion and $50 billion)

“Our second quarter results demonstrate the success of our acquisition of Premier and strong operational performance. Our larger organization delivered solid sequential quarter loan growth while driving positive operating leverage. We also meaningfully improved both our net interest margin and efficiency ratio, further demonstrating our focus on operational excellence for our shareholders,” said Jeff Jackson, President and Chief Executive Officer, WesBanco. “We marked another significant milestone this quarter as we successfully transitioned approximately 400,000 consumer and 50,000 business relationships, along with the branding and operations of approximately 70 financial centers from Premier to WesBanco. We are excited by the customer reception and retention and are focused on building even stronger relationships with our new customers, businesses, and communities.”

Balance Sheet WesBanco's balance sheet, as of June 30, 2025, reflects both the PFC acquisition and organic growth. Total assets increased 52.1% year-over-year to $27.6 billion, including total portfolio loans of $18.8 billion and total securities of $4.4 billion. Total portfolio loans increased 53.6% year-over-year due to acquired PFC loans of $5.9 billion and organic growth of $0.7 billion, with $0.6 billion from the commercial teams. Commercial real estate payoffs totaled approximately $170 million during the second quarter of 2025 and $255 million year-to-date.

Deposits of $21.2 billion increased 57.5% year-over-year due to acquired PFC deposits of $6.9 billion and organic growth of $0.8 billion, which fully funded year-over-year organic loan growth. On a sequential quarter basis, total deposits declined $138 million due to normal seasonality and the intentional runoff of higher cost certificates of deposit and less reliance on public funds from PFC. Reflecting the addition of PFC deposits, which included $1.3 billion of certificates of deposit, total demand deposits represented 48% of total deposits, with the non-interest bearing component representing 25%.

Credit Quality As of June 30, 2025, total loans past due, criticized and classified loans, non-performing loans, and non-performing assets as percentages of the loan portfolio and total assets have remained low, from a historical perspective, and within a consistent range through the last five years. Criticized and classified loans as a percent of total portfolio loans increased 31 points quarter-over-quarter to 3.63% but remain below long-term historical levels.

The allowance for credit losses to total portfolio loans at June 30, 2025 was 1.19% of total loans, or $223.9 million. The decrease of $9.8 million from March 31, 2025 was driven by a reduction in PCD loan reserves from a couple of large payoffs and portfolio mix changes, which more than offset increases associated with slightly higher unemployment assumptions, loan growth, and other loan portfolio adjustments. Excluded from the allowance for credit losses and related coverage ratio are fair market value adjustments on previously acquired loans representing 1.74% of total portfolio loans.

Net Interest Margin and Income The second quarter margin of 3.59% improved 24 basis points compared to the first quarter and 64 basis points on a year-over-year basis, through a combination of higher loan and securities yields, lower funding costs, and purchase accounting accretion. Deposit funding costs of 246 basis points for the second quarter of 2025 decreased 9 basis points from the first quarter and 28 basis points from the prior year period. When including non-interest bearing deposits, deposit funding costs for the second quarter were 184 basis points. Further, FHLB borrowing costs of 4.22% decreased 30 basis points quarter-over-quarter and 128 basis points year-over-year, as these short-term borrowings repriced downward upon maturity. Purchase accounting accretion benefited the second quarter net interest margin by approximately 37 basis points.

Net interest income for the second quarter of 2025 was $216.8 million, an increase of $100.2 million, or 85.9% year-over-year, reflecting the impact of a larger balance sheet from the PFC acquisition, loan growth, higher loan and securities yields, lower FHLB borrowing costs, and $22.5 million of purchase accounting accretion from acquisitions. For the six months ended June 30, 2025, net interest income of $375.3 million increased $144.7 million, or 62.8%, primarily due to the reasons discussed for the three-month period comparison.

Non-Interest Income For the second quarter of 2025, non-interest income of $44.0 million increased $12.6 million, or 40.2%, from the second quarter of 2024 due primarily to the acquisition of PFC. Service charges on deposits increased $3.4 million year-over-year, reflecting the addition of PFC, fee income from new products and services and treasury management, and increased general consumer spending. Reflecting record asset levels, trust fees and net securities brokerage revenue increased $2.4 million and $0.7 million, respectively, due to the addition of PFC wealth clients, market value appreciation, and organic growth. Digital banking fees increased $2.3 million from higher volumes primarily associated with our larger customer base. Mortgage Banking income increased $1.3 million due to an approximate 30% year-over-year increase in residential mortgage originations related to seasonality and our larger customer base. Net securities gains increased $1.3 million primarily due to market fluctuations of equity securities in the deferred compensation plan. Gross swap fees were $1.4 million in the second quarter, compared to $1.8 million in the prior year period, while fair value adjustments were a loss of $0.7 million compared to a negligible gain, respectively.

Primarily reflecting the items discussed above, as well as bank-owned life insurance (“BOLI”), non-interest income, for the six months ended June 30, 2025, increased $16.6 million, or 26.8%, year-over-year to $78.6 million. BOLI increased $2.0 million year-over-year due to the addition of PFC and a $0.9 million death benefit received during the first quarter.

Non-Interest Expense Non-interest expense, excluding restructuring and merger-related costs, for the three months ended June 30, 2025 was $145.5 million, a $46.9 million, or 47.5%, increase year-over-year primarily due to the addition of the PFC expense base associated with approximately 900 employees and 70 financial centers. Employee benefits expense of $18.9 million increased $5.9 million linked quarter due to higher staffing levels, as well as higher deferred compensation expense of $1.5 million, with the offsetting gain located in net securities gains, and higher health insurance costs due to higher staffing levels from PFC, of which approximately $1.0 million is due to the timing of healthcare services and employee behaviors relative to deductibles. Equipment and software expense of $17.1 million, includes the additional cost of operating two core systems until the conversion to one platform in mid-May. Amortization of intangible assets of $9.2 million increased $7.1 million year-over-year due to the core deposit intangible asset that was created from the acquisition of PFC. FDIC insurance expense increased $2.0 million due to our larger asset size. Restructuring and merger-related expenses of $41.1 million are primarily related to costs associated with the systems conversion, severance, and other costs associated with the PFC merger.

Excluding restructuring and merger-related expenses, non-interest expense during the first half of 2025 of $259.4 million increased $63.6 million, or 32.5%, compared to the prior year period, due primarily to the expenses described above.

Capital WesBanco continues to maintain what we believe are strong regulatory capital ratios, as both consolidated and bank-level regulatory capital ratios are well above the applicable “well-capitalized” standards promulgated by bank regulators and the BASEL III capital standards. In conjunction with the February 28th closing of the PFC acquisition, WesBanco issued 28.7 million shares of common stock to acquire the outstanding shares of PFC, which increased total capital by $1.0 billion and, as anticipated, modestly impacted capital ratios. Reflecting the full quarter average of PFC's balance sheet, at June 30, 2025, Tier I leverage was 8.66%, Tier I risk-based capital ratio was 10.59%, common equity Tier 1 capital ratio (“CET 1”) was 9.91%, and total risk-based capital was 13.40%. In addition, the tangible common equity to tangible assets ratio was 7.60%.

Conference Call and Webcast WesBanco will host a conference call to discuss the Company's financial results for the second quarter of 2025 at 9:00 a.m. ET on Wednesday, July 30, 2025. Interested parties can access the live webcast of the conference call through the Investor Relations section of the Company's website, www.wesbanco.com. Participants can also listen to the conference call by dialing 888-347-6607, 855-669-9657 for Canadian callers, or 1-412-902-4290 for international callers, and asking to be joined into the WesBanco call. Please log in or dial in at least 10 minutes prior to the start time to ensure a connection.

A replay of the conference call will be available by dialing 877-344-7529, 855-669-9658 for Canadian callers, or 1-412-317-0088 for international callers, and providing the access code of 5130124. The replay will begin at approximately 11:00 a.m. ET on July 30, 2025 and end at 12 a.m. ET on August 13, 2025. An archive of the webcast will be available for one year on the Investor Relations section of the Company's website (www.wesbanco.com).

Forward-Looking Statements 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, 2024 and documents subsequently filed by WesBanco with the Securities and Exchange Commission (“SEC”) including WesBanco's Form 10-Q for the quarter ended March 31, 2025, which are available at the SEC's website, www.sec.gov or at WesBanco's website, www.WesBanco.com. Investors are cautioned that forward-looking statements, which are not historical fact, involve risks and uncertainties, including those detailed in WesBanco's most recent Annual Report on Form 10-K filed with the SEC under “Risk Factors” in Part I, Item 1A. Such statements are subject to important factors that could cause actual results to differ materially from those contemplated by such statements, including, without limitation, the expected cost savings and any revenue synergies from the merger of WesBanco and Premier may not be fully realized within the expected timeframes; disruption from the merger of WesBanco and Premier may make it more difficult to maintain relationships with clients, associates, or suppliers; the effects of changing regional and national economic conditions, changes in interest rates, spreads on earning assets and interest-bearing liabilities, and associated interest rate sensitivity; sources of liquidity available to WesBanco and its related subsidiary operations; potential future credit losses and the credit risk of commercial, real estate, and consumer loan customers and their borrowing activities; actions of the Federal Reserve Board, the Federal Deposit Insurance Corporation, the Consumer Financial Protection Bureau, the SEC, the Financial Institution Regulatory Authority, the Municipal Securities Rulemaking Board, the Securities Investors Protection Corporation, and other regulatory bodies; potential legislative and federal and state regulatory actions and reform, including, without limitation, the impact of the implementation of the Dodd-Frank Act; adverse decisions of federal and state courts; fraud, scams and schemes of third parties; cyber-security breaches; competitive conditions in the financial services industry; rapidly changing technology affecting financial services; marketability of debt instruments and corresponding impact on fair value adjustments; and/or other external developments materially impacting WesBanco's operational and financial performance. WesBanco does not assume any duty to update forward-looking statements.

While forward-looking statements reflect our good-faith beliefs, they are not guarantees of future performance. All forward-looking statements are necessarily only estimates of future results. Accordingly, actual results may differ materially from those expressed in or contemplated by the particular forward-looking statement, and, therefore, you are cautioned not to place undue reliance on such statements. Further, any forward-looking statement speaks only as of the date on which it is made, and we undertake no obligation to update any forward-looking statement to reflect events or circumstances after the date on which the statement is made or to reflect the occurrence of unanticipated events or circumstances, except as required by applicable law.

Statements in this presentation with respect to the benefits of the merger between WesBanco and Premier, the parties' plans, obligations, expectations, and intentions, and the statements with respect to accretion, earn back of tangible book value, tangible book value dilution and internal rate of return, constitute forward-looking statements as defined by federal securities laws. Such statements are subject to numerous assumptions, risks, and uncertainties. Actual results could differ materially from those contained or implied by such statements for a variety of factors including: the expected cost savings and any revenue synergies from the merger may not be fully realized within the expected time frames; disruption from the merger may make it more difficult to maintain relationships with clients, associates, or suppliers; changes in economic conditions; movements in interest rates; competitive pressures on product pricing and services; success and timing of other business strategies; the nature, extent, and timing of governmental actions and reforms; extended disruption of vital infrastructure; and other factors described in WesBanco's 2024 Annual Report on Form 10-K and documents subsequently filed by WesBanco with the Securities and Exchange Commission.

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 excluding after-tax day one provision for credit losses on acquired loans; efficiency ratio; return on average assets; and return on average tangible equity. WesBanco believes these financial measures provide information useful to investors in understanding our operational performance and business and performance trends which facilitate comparisons with the performance of others in the financial services industry. Although WesBanco believes that these non-GAAP financial measures enhance investors' understanding of WesBanco's business and performance, these non-GAAP financial measures should not be considered an alternative to GAAP. The non-GAAP financial measures contained therein should be read in conjunction with the audited financial statements and analysis as presented in the Annual Report on Form 10-K as well as the unaudited financial statements and analyses as presented in the Quarterly Reports on Forms 10-Q for WesBanco and its subsidiaries, as well as other filings that the company has made with the SEC.

About WesBanco, Inc. With over 150 years as a community-focused, regional financial services partner, WesBanco Inc. (NASDAQ: WSBC) and its subsidiaries build lasting prosperity through relationships and solutions that empower our customers for success in their financial journeys. Customers across our eight-state footprint choose WesBanco for the comprehensive range and personalized delivery of our retail and commercial banking solutions, as well as trust, brokerage, wealth management and insurance services, all designed to advance their financial goals. Through the strength of our teams, we leverage large bank capabilities and local focus to help make every community we serve a better place for people and businesses to thrive. Headquartered in Wheeling, West Virginia, WesBanco has $27.6 billion in total assets, with our Trust and Investment Services holding $7.2 billion of assets under management and securities account values (including annuities) of $2.6 billion through our broker/dealer, as of June 30, 2025. Learn more at www.wesbanco.com and follow @WesBanco on Facebook, LinkedIn and Instagram.

WESBANCO, INC.Consolidated Selected Financial Highlights Page 5(unaudited, dollars in thousands, except shares and per share amounts) ‌ For the Three Months Ended For the Six Months EndedStatement of Income June 30, June 30,Interest and dividend income 2025 2024 % Change 2025 2024 % Change Loans, including fees $ 290,104 $ 175,361 65.4 $ 508,512 $ 342,335 48.5 Interest and dividends on securities: Taxable 31,066 16,929 83.5 53,314 34,334 55.3 Tax-exempt 4,616 4,556 1.3 9,145 9,142 0.0 Total interest and dividends on securities 35,682 21,485 66.1 62,459 43,476 43.7 Other interest income 10,596 6,147 72.4 18,643 12,516 49.0Total interest and dividend income 336,382 202,993 65.7 589,614 398,327 48.0Interest expense Interest bearing demand deposits 30,405 26,925 12.9 59,782 52,516 13.8 Money market deposits 36,287 18,443 96.8 57,422 34,557 66.2 Savings deposits 8,670 7,883 10.0 16,029 15,549 3.1 Certificates of deposit 21,442 11,982 79.0 39,999 22,229 79.9 Total interest expense on deposits 96,804 65,233 48.4 173,232 124,851 38.8 Federal Home Loan Bank borrowings 16,683 16,227 2.8 29,718 33,227 (10.6) Other short-term borrowings 816 896 (8.9) 1,938 1,570 23.4 Subordinated debt and junior subordinated debt 5,310 4,044 31.3 9,438 8,119 16.2 Total interest expense 119,613 86,400 38.4 214,326 167,767 27.8Net interest income 216,769 116,593 85.9 375,288 230,560 62.8 Provision for credit losses 3,218 10,541 (69.5) 72,101 14,555 395.4Net interest income after provision for credit losses 213,551 106,052 101.4 303,187 216,005 40.4Non-interest income Trust fees 9,657 7,303 32.2 18,355 15,385 19.3 Service charges on deposits 10,484 7,111 47.4 19,070 13,895 37.2 Digital banking income 7,325 5,040 45.3 12,730 9,745 30.6 Net swap fee and valuation income 746 1,776 (58.0) 1,706 3,339 (48.9) Net securities brokerage revenue 3,348 2,601 28.7 6,049 5,149 17.5 Bank-owned life insurance 3,450 2,791 23.6 6,878 4,859 41.6 Mortgage banking income 2,364 1,069 121.1 3,504 1,762 98.9 Net securities gains 1,410 135 944.4 1,092 672 62.5 Net gains on other real estate owned and other assets 111 34 226.5 71 188 (62.2) Other income 5,062 3,495 44.8 9,167 6,990 31.1 Total non-interest income 43,957 31,355 40.2 78,622 61,984 26.8Non-interest expense Salaries and wages 60,153 43,991 36.7 108,730 86,988 25.0 Employee benefits 18,857 10,579 78.2 31,827 22,763 39.8 Net occupancy 8,119 6,309 28.7 15,897 12,932 22.9 Equipment and software 17,140 10,457 63.9 30,190 20,465 47.5 Marketing 1,864 2,371 (21.4) 4,246 4,256 (0.2) FDIC insurance 5,479 3,523 55.5 9,666 6,971 38.7 Amortization of intangible assets 9,204 2,072 344.2 13,427 4,164 222.5 Restructuring and merger-related expense 41,056 3,777 987.0 61,066 3,777 NM Other operating expenses 24,663 19,313 27.7 45,451 37,269 22.0 Total non-interest expense 186,535 102,392 82.2 320,500 199,585 60.6Income before provision for income taxes 70,973 35,015 102.7 61,309 78,404 (21.8) Provision for income taxes 13,558 6,099 122.3 12,886 13,795 (6.6)Net Income 57,415 28,916 98.6 48,423 64,609 (25.1)Preferred stock dividends 2,531 2,531 – 5,063 5,063 -Net income available to common shareholders $ 54,884 $ 26,385 108.0 $ 43,360 $ 59,546 (27.2) ‌Taxable equivalent net interest income $ 217,996 $ 117,804 85.0 $ 377,719 $ 232,990 62.1 ‌Per common share dataNet income per common share – basic $ 0.57 $ 0.44 29.5 $ 0.50 $ 1.00 (50.0)Net income per common share – diluted 0.57 0.44 29.5 0.50 1.00 (50.0)Adjusted net income per common share – diluted, excluding certain items (1)(2) 0.91 0.49 85.7 1.60 1.05 52.4Dividends declared 0.37 0.36 2.8 0.74 0.72 2.8Book value (period end) 38.28 40.28 (5.0) 38.28 40.28 (5.0)Tangible book value (period end) (1) 20.48 21.45 (4.5) 20.48 21.45 (4.5)Average common shares outstanding – basic 95,744,980 59,521,872 60.9 86,339,970 59,452,315 45.2Average common shares outstanding – diluted 95,808,310 59,656,429 60.6 86,466,701 59,592,960 45.1Period end common shares outstanding 95,986,023 59,579,310 61.1 95,986,023 59,579,310 61.1Period end preferred shares outstanding 150,000 150,000 – 150,000 150,000 -(1) See non-GAAP financial measures for additional information relating to the calculation of this item.(2) Certain items excluded from the calculation consist of after-tax restructuring and merger-related expenses and the after-tax day one provision for credit losses on acquired loans.NM = Not MeaningfulWESBANCO, INC.Consolidated Selected Financial Highlights Page 6(unaudited, dollars in thousands, unless otherwise noted)‌Selected ratios For the Six Months Ended June 30, 2025 2024 % Change‌Return on average assets 0.36 % 0.67 % (46.27) %Return on average assets, excluding certain items (1) 1.14 0.71 60.56Return on average equity 2.51 4.71 (46.71)Return on average equity, excluding certain items (1) 8.01 4.94 62.15Return on average tangible equity (1) 5.38 8.89 (39.48)Return on average tangible equity, excluding certain items (1) 14.85 9.31 59.51Return on average tangible common equity (1) 5.79 9.90 (41.52)Return on average tangible common equity, excluding certain items (1) 15.99 10.37 54.19Yield on earning assets (2) 5.46 5.04 8.33Cost of interest bearing liabilities 2.73 3.05 (10.49)Net interest spread (2) 2.73 1.99 37.19Net interest margin (2) 3.48 2.93 18.77Efficiency (1) (2) 56.85 66.38 (14.36)Average loans to average deposits 89.42 89.04 0.43Annualized net loan charge-offs/average loans 0.09 0.14 (35.71)Effective income tax rate 21.02 17.59 19.50 ‌ For the Three Months Ended June 30, Mar. 31, Dec. 31, Sept. 30, June 30, 2025 2025 2024 2024 2024Return on average assets 0.81 % (0.22) % 1.01 % 0.76 % 0.59 %Return on average assets, excluding certain items (1) 1.28 0.96 1.02 0.79 0.66Return on average equity 5.76 (1.45) 6.68 5.09 4.17Return on average equity, excluding certain items (1) 9.17 6.45 6.75 5.32 4.65Return on average tangible equity (1) 11.27 (1.74) 11.49 9.07 7.93Return on average tangible equity, excluding certain items (1) 17.16 11.61 11.61 9.46 8.78Return on average tangible common equity (1) 12.06 (1.89) 12.56 9.97 8.83Return on average tangible common equity, excluding certain items (1) 18.36 12.56 12.69 10.40 9.77Yield on earning assets (2) 5.56 5.33 5.10 5.19 5.11Cost of interest bearing liabilities 2.69 2.78 2.96 3.21 3.12Net interest spread (2) 2.87 2.55 2.14 1.98 1.99Net interest margin (2) 3.59 3.35 3.03 2.95 2.95Efficiency (1) (2) 55.54 58.62 61.23 65.29 66.11Average loans to average deposits 89.47 89.32 89.24 90.58 89.40Annualized net loan charge-offs and recoveries /average loans 0.09 0.08 0.13 0.05 0.07Effective income tax rate 19.10 (6.96) 19.87 16.75 17.42Trust and Investment Services assets under management (3) $ 7,205 $ 6,951 $ 5,968 $ 6,061 $ 5,633Broker-dealer securities account values (including annuities) (3) $ 2,554 $ 2,359 $ 1,852 $ 1,853 $ 1,780‌(1) Certain items excluded from the calculation can consist of after-tax restructuring and merger-related expenses and the after-tax day one provision for credit losses on acquiredloans. See non-GAAP financial measures for additional information relating to the calculation of this item.(2) The yield on earning assets, net interest margin, net interest spread and efficiency ratios are presented on a fullytaxable-equivalent (FTE) and annualized basis. The FTE basis adjusts for the tax benefit of income on certain tax-exemptloans and investments. WesBanco believes this measure to be the preferred industry measurement of net interest income andprovides a relevant comparison between taxable and non-taxable amounts.(3) Represents market value at period end, in millions.WESBANCO, INC.Consolidated Selected Financial Highlights Page 7(unaudited, dollars in thousands, except shares) % ChangeBalance sheet June 30, December 31, December 31, 2024Assets 2025 2024 % Change 2024 to June 30, 2025Cash and due from banks $ 402,755 $ 173,816 131.7 $ 142,271 183.1Due from banks – interest bearing 754,275 312,973 141.0 425,866 77.1Securities: Equity securities, at fair value 29,538 13,091 125.6 13,427 120.0 Available-for-sale debt securities, at fair value 3,222,819 2,102,123 53.3 2,246,072 43.5 Held-to-maturity debt securities (fair values of $1,006,110, $1,028,432 and $1,006,817, respectively) 1,137,782 1,179,684 (3.6) 1,152,906 (1.3) Allowance for credit losses, held-to-maturity debt securities (178) (163) (9.2) (146) (21.9) Net held-to-maturity debt securities 1,137,604 1,179,521 (3.6) 1,152,760 (1.3) Total securities 4,389,961 3,294,735 33.2 3,412,259 28.7Loans held for sale 123,019 25,433 383.7 18,695 558.0Portfolio loans: Commercial real estate 10,600,210 6,998,888 51.5 7,326,681 44.7 Commercial and industrial 2,819,096 1,760,479 60.1 1,787,277 57.7 Residential real estate 3,939,796 2,506,957 57.2 2,520,086 56.3 Home equity 1,052,334 770,599 36.6 821,110 28.2 Consumer 417,190 220,588 89.1 201,275 107.3Total portfolio loans, net of unearned income 18,828,626 12,257,511 53.6 12,656,429 48.8Allowance for credit losses – loans (223,866) (136,509) (64.0) (138,766) (61.3) Net portfolio loans 18,604,760 12,121,002 53.5 12,517,663 48.6Premises and equipment, net 274,137 222,266 23.3 219,076 25.1Accrued interest receivable 106,410 79,759 33.4 78,324 35.9Goodwill and other intangible assets, net 1,745,170 1,128,103 54.7 1,124,016 55.3Bank-owned life insurance 552,051 358,682 53.9 360,738 53.0Other assets 619,038 411,606 50.4 385,390 60.6Total Assets $ 27,571,576 $ 18,128,375 52.1 $ 18,684,298 47.6 ‌LiabilitiesDeposits: Non-interest bearing demand $ 5,328,181 $ 3,826,249 39.3 $ 3,842,758 38.7 Interest bearing demand 4,865,091 3,505,651 38.8 3,771,314 29.0 Money market 4,825,154 2,283,294 111.3 2,429,977 98.6 Savings deposits 3,192,943 2,429,241 31.4 2,362,736 35.1 Certificates of deposit 2,943,187 1,387,938 112.1 1,726,932 70.4 Total deposits 21,154,556 13,432,373 57.5 14,133,717 49.7Federal Home Loan Bank borrowings 1,750,000 1,475,000 18.6 1,000,000 75.0Other short-term borrowings 103,666 105,757 (2.0) 192,073 (46.0)Subordinated debt and junior subordinated debt 357,762 279,193 28.1 279,308 28.1 Total borrowings 2,211,428 1,859,950 18.9 1,471,381 50.3Accrued interest payable 25,967 15,393 68.7 14,228 82.5Other liabilities 360,405 276,380 30.4 274,691 31.2Total Liabilities 23,752,356 15,584,096 52.4 15,894,017 49.4 ‌Shareholders' EquityPreferred stock, no par value; 1,000,000 shares authorized; 150,000 shares 6.75% non-cumulative perpetual preferred stock, Series A, liquidation preference $150.0 million, issued and outstanding, respectively 144,484 144,484 – 144,484 -Common stock, $2.0833 par value; 200,000,000, 100,000,000 and 200,000,000 shares authorized; 95,986,023, 68,081,306 and 75,354,034 shares issued; 95,986,023, 59,579,310 and 66,919,805 shares outstanding, respectively 199,967 141,834 41.0 156,985 27.4Capital surplus 2,485,458 1,630,830 52.4 1,809,679 37.3Retained earnings 1,165,058 1,159,217 0.5 1,192,091 (2.3)Treasury stock (0, 8,501,996 and 8,434,229 shares – at cost, respectively) – (294,818) (100.0) (292,244) (100.0)Accumulated other comprehensive loss (173,644) (235,208) 26.2 (218,632) 20.6Deferred benefits for directors (2,103) (2,060) (2.1) (2,082) (1.0)Total Shareholders' Equity 3,819,220 2,544,279 50.1 2,790,281 36.9Total Liabilities and Shareholders' Equity $ 27,571,576 $ 18,128,375 52.1 $ 18,684,298 47.6WESBANCO, INC.Consolidated Selected Financial Highlights Page 8(unaudited, dollars in thousands, except shares)Balance sheet June 30, March 31,Assets 2025 2025 % ChangeCash and due from banks $ 402,755 $ 245,897 63.8Due from banks – interest bearing 754,275 845,818 (10.8)Securities: Equity securities, at fair value 29,538 28,217 4.7 Available-for-sale debt securities, at fair value 3,222,819 3,149,043 2.3 Held-to-maturity debt securities (fair values of $1,006,110; and $1,002,796, respectively) 1,137,782 1,143,376 (0.5) Allowance for credit losses, held-to-maturity debt securities (178) (137) (29.9) Net held-to-maturity debt securities 1,137,604 1,143,239 (0.5) Total securities 4,389,961 4,320,499 1.6Loans held for sale 123,019 243,281 (49.4)Portfolio loans: Commercial real estate 10,600,210 10,501,846 0.9 Commercial and industrial 2,819,096 2,781,728 1.3 Residential real estate 3,939,796 3,930,667 0.2 Home equity 1,052,334 1,020,929 3.1 Consumer 417,190 438,578 (4.9)Total portfolio loans, net of unearned income 18,828,626 18,673,748 0.8Allowance for credit losses – loans (223,866) (233,617) 4.2 Net portfolio loans 18,604,760 18,440,131 0.9Premises and equipment, net 274,137 281,493 (2.6)Accrued interest receivable 106,410 108,778 (2.2)Goodwill and other intangible assets, net 1,745,170 1,754,703 (0.5)Bank-owned life insurance 552,051 548,601 0.6Other assets 619,038 623,182 (0.7)Total Assets $ 27,571,576 $ 27,412,383 0.6 ‌LiabilitiesDeposits: Non-interest bearing demand $ 5,328,181 $ 5,318,619 0.2 Interest bearing demand 4,865,091 5,000,881 (2.7) Money market 4,825,154 4,875,384 (1.0) Savings deposits 3,192,943 3,068,618 4.1 Certificates of deposit 2,943,187 3,028,893 (2.8) Total deposits 21,154,556 21,292,395 (0.6)Federal Home Loan Bank borrowings 1,750,000 1,476,511 18.5Other short-term borrowings 103,666 147,804 (29.9)Subordinated debt and junior subordinated debt 357,762 360,156 (0.7) Total borrowings 2,211,428 1,984,471 11.4Accrued interest payable 25,967 26,570 (2.3)Other liabilities 360,405 327,368 10.1Total Liabilities 23,752,356 23,630,804 0.5 ‌Shareholders' EquityPreferred stock, no par value; 1,000,000 shares authorized; 150,000 shares 6.75% non-cumulative perpetual preferred stock, Series A, liquidation preference $150.0 million, issued and outstanding, respectively 144,484 144,484 -Common stock, $2.0833 par value; 200,000,000 shares authorized; 95,986,023 and 95,672,204 shares issued; 95,986,023 and 95,672,204 shares outstanding, respectively 199,967 199,313 0.3Capital surplus 2,485,458 2,485,223 0.0Retained earnings 1,165,058 1,145,396 1.7Treasury stock (0 and 0 shares – at cost, respectively) – – -Accumulated other comprehensive loss (173,644) (190,710) 8.9Deferred benefits for directors (2,103) (2,127) 1.1Total Shareholders' Equity 3,819,220 3,781,579 1.0Total Liabilities and Shareholders' Equity $ 27,571,576 $ 27,412,383 0.6WESBANCO, INC.Consolidated Selected Financial Highlights Page 9(unaudited, dollars in thousands)Average balance sheet andnet interest margin analysis For the Three Months Ended June 30, For the Six Months Ended June 30, 2025 2024 2025 2024 Average Average Average Average Average Average Average AverageAssets Balance Rate Balance Rate Balance Rate Balance RateDue from banks – interest bearing $ 746,583 4.79 % $ 352,986 5.62 % $ 675,962 4.76 % $ 364,127 5.66 %Loans, net of unearned income (1) 18,903,459 6.16 12,057,831 5.85 16,823,658 6.10 11,907,353 5.78Securities: (2)Taxable 3,881,680 3.21 2,863,213 2.38 3,567,118 3.01 2,896,040 2.38Tax-exempt (3) 731,866 3.20 753,151 3.08 732,482 3.19 756,474 3.08Total securities 4,613,546 3.21 3,616,364 2.52 4,299,600 3.04 3,652,514 2.53Other earning assets 87,138 7.75 56,077 8.71 74,336 7.31 58,499 7.78Total earning assets (3) 24,350,726 5.56 % 16,083,258 5.11 % 21,873,556 5.46 % 15,982,493 5.04 %Other assets 2,953,974 1,807,056 2,586,357 1,814,796Total Assets $ 27,304,700 $ 17,890,314 $ 24,459,913 $ 17,797,289‌Liabilities and Shareholders' EquityInterest bearing demand deposits $ 4,885,687 2.50 % 3.07 % $ 4,531,324 2.66 % $ 3,514,182 3.01 % $ 3,527,316Money market accounts 4,830,592 3.01 2,228,070 3.33 4,025,925 2.88 2,157,553 3.22Savings deposits 3,122,815 1.11 2,441,949 1.30 2,865,410 1.13 2,461,330 1.27Certificates of deposit 2,960,970 2.90 1,371,179 3.51 2,575,458 3.13 1,331,145 3.36Total interest bearing deposits 15,800,064 2.46 9,568,514 2.74 13,998,117 2.50 9,464,210 2.65Federal Home Loan Bank borrowings 1,585,821 4.22 1,186,538 5.50 1,378,552 4.35 1,214,973 5.50Repurchase agreements 118,988 2.75 107,811 3.34 140,829 2.78 100,188 3.15Subordinated debt and junior subordinated debt 357,379 5.96 279,159 5.83 331,488 5.74 279,131 5.85Total interest bearing liabilities (4) 17,862,252 2.69 % 11,142,022 3.12 % 15,848,986 2.73 % 11,058,502 3.05 %Non-interest bearing demand deposits 5,328,576 3,918,685 4,816,070 3,908,837Other liabilities 294,359 286,659 308,189 285,556Shareholders' equity 3,819,513 2,542,948 3,486,668 2,544,394Total Liabilities and Shareholders' Equity $ 27,304,700 $ 17,890,314 $ 24,459,913 $ 17,797,289Taxable equivalent net interest spread 2.87 % 1.99 % 2.73 % 1.99 %Taxable equivalent net interest margin 3.59 % 2.95 % 3.48 % 2.93 %‌(1) Gross of the allowance for credit losses, net of unearned income and includes non-accrual loans and loans held for sale. Loan fees included in interest income on loans were $2.5 million and $0.9 million for the three months ended June 30, 2025 and 2024, respectively, and were $4.1 million and $1.2 million for the six months ended June 30, 2025 and 2024. Additionally, loan accretion included in interest income on loans acquired from prior acquisitions was $16.5 million and $0.8 million for the three months ended June 30, 2025 and 2024, respectively, and was $23.3 million and $1.5 million for the six months ended June 30, 2025 and 2024, respectively.(2) Average yields on available-for-sale debt securities are calculated based on amortized cost.(3) Taxable equivalent basis is calculated on tax-exempt securities using the federal statutory tax rate of 21% for each period presented.(4) Accretion on interest bearing liabilities acquired from prior acquisitions was $5.6 million and $0.1 million for the three months ended June 30, 2025 and 2024, respectively, and was $7.8 million and $0.2 million for the six months ended June 30, 2025 and 2024, respectively.WESBANCO, INC.Consolidated Selected Financial Highlights Page 10(unaudited, dollars in thousands, except shares and per share amounts) Quarter EndedStatement of Income June 30, March 31, Dec. 31, Sept. 30, June 30,Interest and dividend income 2025 2025 2024 2024 2024 Loans, including fees $ 290,104 $ 218,409 $ 183,251 $ 184,215 $ 175,361 Interest and dividends on securities: Taxable 31,066 22,247 18,575 17,651 16,929 Tax-exempt 4,616 4,529 4,449 4,498 4,556 Total interest and dividends on securities 35,682 26,776 23,024 22,149 21,485 Other interest income 10,596 8,047 7,310 7,365 6,147Total interest and dividend income 336,382 253,232 213,585 213,729 202,993Interest expense Interest bearing demand deposits 30,405 29,377 27,044 28,139 26,925 Money market deposits 36,287 21,134 18,734 19,609 18,443 Savings deposits 8,670 7,359 7,271 8,246 7,883 Certificates of deposit 21,442 18,558 16,723 14,284 11,982 Total interest expense on deposits 96,804 76,428 69,772 70,278 65,233 Federal Home Loan Bank borrowings 16,683 13,034 12,114 17,147 16,227 Other short-term borrowings 816 1,122 1,291 1,092 896 Subordinated debt and junior subordinated debt 5,310 4,129 3,902 4,070 4,044 Total interest expense 119,613 94,713 87,079 92,587 86,400Net interest income 216,769 158,519 126,506 121,142 116,593 Provision for credit losses 3,218 68,883 (147) 4,798 10,541Net interest income after provision for credit losses 213,551 89,636 126,653 116,344 106,052Non-interest income Trust fees 9,657 8,697 7,775 7,517 7,303 Service charges on deposits 10,484 8,587 8,138 7,945 7,111 Digital banking income 7,325 5,404 5,125 5,084 5,040 Net swap fee and valuation income/ (loss) 746 961 3,230 (627) 1,776 Net securities brokerage revenue 3,348 2,701 2,430 2,659 2,601 Bank-owned life insurance 3,450 3,428 2,512 2,173 2,791 Mortgage banking income 2,364 1,140 1,229 1,280 1,069 Net securities gains / (losses) 1,410 (318) 61 675 135 Net gains / (losses) on other real estate owned and other assets 111 (40) 193 (239) 34 Other income 5,062 4,105 5,695 3,145 3,495 Total non-interest income 43,957 34,665 36,388 29,612 31,355Non-interest expense Salaries and wages 60,153 48,577 45,638 44,890 43,991 Employee benefits 18,857 12,970 11,856 11,522 10,579 Net occupancy 8,119 7,778 5,999 6,226 6,309 Equipment and software 17,140 13,050 10,681 10,157 10,457 Marketing 1,864 2,382 2,531 2,977 2,371 FDIC insurance 5,479 4,187 3,640 3,604 3,523 Amortization of intangible assets 9,204 4,223 2,034 2,053 2,072 Restructuring and merger-related expense 41,056 20,010 646 1,977 3,777 Other operating expenses 24,663 20,789 18,079 17,777 19,313 Total non-interest expense 186,535 133,966 101,104 101,183 102,392Income / (Loss) before provision for income taxes 70,973 (9,665) 61,937 44,773 35,015 Provision / (benefit) provision for income taxes 13,558 (673) 12,308 7,501 6,099Net Income /(loss) 57,415 (8,992) 49,629 37,272 28,916Preferred stock dividends 2,531 2,531 2,531 2,531 2,531Net income / (loss) available to common shareholders $ 54,884 $ (11,523) $ 47,098 $ 34,741 $ 26,385Taxable equivalent net interest income $ 217,996 $ 159,723 $ 127,689 $ 122,338 $ 117,804Per common share dataNet income / (loss) per common share – basic $ 0.57 $ (0.15) $ 0.70 $ 0.54 $ 0.44Net income / (loss) per common share – diluted 0.57 (0.15) 0.70 0.54 0.44Adjusted net income per common share – diluted, excluding certain items (1)(2) 0.91 0.66 0.71 0.56 0.49Dividends declared 0.37 0.37 0.37 0.36 0.36Book value (period end) 38.28 38.02 39.54 39.73 40.28Tangible book value (period end) (1) 20.48 20.06 22.83 22.99 21.45Average common shares outstanding – basic 95,744,980 76,830,460 66,895,834 64,488,962 59,521,872Average common shares outstanding – diluted 95,808,310 77,020,592 66,992,009 64,634,208 59,656,429Period end common shares outstanding 95,986,023 95,672,204 66,919,805 66,871,479 59,579,310Period end preferred shares outstanding 150,000 150,000 150,000 150,000 150,000Full time equivalent employees 3,253 3,205 2,262 2,277 2,370 ‌(1) See non-GAAP financial measures for additional information relating to the calculation of this item.(2) Certain items excluded from the calculation consist of after-tax restructuring and merger-related expenses and the after-tax day one provision for credit losses on acquired loans.WESBANCO, INC.Consolidated Selected Financial Highlights Page 11(unaudited, dollars in thousands) Quarter Ended June 30, Mar. 31, Dec. 31, Sept. 30, June 30,Asset quality data 2025 2025 2024 2024 2024Non-performing assets: Total non-performing loans $ 84,319 $ 81,489 $ 39,752 $ 30,421 $ 35,468 Other real estate and repossessed assets 958 1,854 852 906 1,328 Total non-performing assets $ 85,277 $ 83,343 $ 40,604 $ 31,327 $ 36,796Past due loans (1): Loans past due 30-89 days $ 65,401 $ 69,755 $ 45,926 $ 33,762 $ 20,237 Loans past due 90 days or more 20,890 10,734 13,553 20,427 9,171 Total past due loans $ 86,291 $ 80,489 $ 59,479 $ 54,189 $ 29,408Criticized and classified loans (2): Criticized loans $ 531,415 $ 470,619 $ 242,000 $ 200,540 $ 179,621 Classified loans 151,849 149,452 112,669 93,185 83,744 Total criticized and classified loans $ 683,264 $ 620,071 $ 354,669 $ 293,725 $ 263,365Loans past due 30-89 days / total portfolio loans 0.35 % 0.37 % 0.36 % 0.27 % 0.17 %Loans past due 90 days or more / total portfolio loans 0.11 0.06 0.11 0.16 0.07Non-performing loans / total portfolio loans 0.45 0.44 0.31 0.24 0.29Non-performing assets / total portfolio loans, other real estate and repossessed assets 0.45 0.45 0.32 0.25 0.30Non-performing assets / total assets 0.31 0.30 0.22 0.17 0.20Criticized and classified loans / total portfolio loans 3.63 3.32 2.80 2.36 2.15 ‌Allowance for credit lossesAllowance for credit losses – loans $ 223,866 $ 233,617 $ 138,766 $ 140,872 $ 136,509Allowance for credit losses – loan commitments 6,168 6,459 6,120 8,225 9,194Provision for credit losses 3,218 68,883 (147) 4,798 10,541Net loan and deposit account overdraft charge-offs and recoveries 4,329 2,771 4,066 1,420 2,221Annualized net loan charge-offs and recoveries / average loans 0.09 % 0.08 % 0.13 % 0.05 % 0.07 %Allowance for credit losses – loans / total portfolio loans 1.19 % 1.25 % 1.10 % 1.13 % 1.11 %Allowance for credit losses – loans / non-performing loans 2.65 x 2.87 x 3.49 x 4.63 x 3.85 xAllowance for credit losses – loans / non-performing loans and loans past due 1.31 x 1.44 x 1.40 x 1.66 x 2.10 x ‌ June 30, Mar. 31, Dec. 31, Sept. 30, June 30, 2025 2025 2024 2024 2024Capital ratiosTier I leverage capital 8.66 % 11.01 % 10.68 % 10.69 % 9.72 %Tier I risk-based capital 10.59 10.69 13.06 12.89 11.58Total risk-based capital 13.40 13.59 15.88 15.74 14.45Common equity tier 1 capital ratio (CET 1) 9.91 9.99 12.07 11.89 10.58Average shareholders' equity to average assets 13.99 14.86 15.09 14.84 14.21Tangible equity to tangible assets (3) 8.16 8.03 9.52 9.67 8.37Tangible common equity to tangible assets (3) 7.60 7.47 8.70 8.84 7.52 ‌(1) Excludes non-performing loans.(2) Criticized and classified commercial loans may include loans that are also reported as non-performing or past due.(3) See non-GAAP financial measures for additional information relating to the calculation of this ratio.WESBANCO, INC.Non-GAAP Financial Measures Page 12The following non-GAAP financial measures used by WesBanco provide information useful to investors in understanding WesBanco's operating performance and trends, and facilitate comparisons with the performance of WesBanco's peers. The following tables summarize the non-GAAP financial measures derived from amounts reported in WesBanco's financial statements. Three Months Ended Year to Date June 30, Mar. 31, Dec. 31, Sept. 30, June 30, June 30,(unaudited, dollars in thousands, except shares and per share amounts) 2025 2025 2024 2024 2024 2025 2024Return on average assets, excluding certain items: Net income / (loss) available to common shareholders $ 54,884 $ (11,523) $ 47,098 $ 34,741 $ 26,385 $ 43,360 $ 59,546 Plus: after-tax restructuring and merger-related expenses (1) 32,434 15,808 510 1,562 2,984 48,242 2,984 Plus: after-tax day one provision for credit losses on acquired loans (1) – 46,926 – – – 46,926 – Net income available to common shareholders, excluding certain items 87,318 51,211 47,608 36,303 29,369 138,528 62,530 Average total assets $ 27,304,700 $ 21,658,352 $ 18,593,265 $ 18,295,583 $ 17,890,314 $ 24,459,913 $ 17,797,289Return on average assets, excluding certain items (annualized) (2) 1.28% 0.96% 1.02% 0.79% 0.66% 1.14% 0.71% ‌Return on average equity, excluding certain items: Net income / (loss) available to common shareholders $ 54,884 $ (11,523) $ 47,098 $ 34,741 $ 26,385 $ 43,360 $ 59,546 Plus: after-tax restructuring and merger-related expenses (1) 32,434 15,808 510 1,562 2,984 48,242 2,984 Plus: after-tax day one provision for credit losses on acquired loans (1) – 46,926 – – – 46,926 – Net income available to common shareholders excluding certain items 87,318 51,211 47,608 36,303 29,369 138,528 62,530 ‌ Average total shareholders' equity $ 3,819,513 $ 3,218,639 $ 2,806,079 $ 2,715,461 $ 2,542,948 $ 3,486,668 $ 2,544,394 ‌Return on average equity, excluding certain items (annualized) (2) 9.17% 6.45% 6.75% 5.32% 4.65% 8.01% 4.94% ‌Return on average tangible equity: Net income / (loss) available to common shareholders $ 54,884 $ (11,523) $ 47,098 $ 34,741 $ 26,385 $ 43,360 $ 59,546 Plus: amortization of intangibles (1) 7,271 3,336 1,607 1,622 1,637 10,607 3,290 Net income / (loss) available to common shareholders before amortization of intangibles 62,155 (8,187) 48,705 36,363 28,022 53,967 62,836 ‌ Average total shareholders' equity 3,819,513 3,218,639 2,806,079 2,715,461 2,542,948 3,486,668 2,544,394 Less: average goodwill and other intangibles, net of def. tax liability (1,608,358) (1,312,855) (1,119,060) (1,120,662) (1,122,264) (1,461,946) (1,123,101) Average tangible equity $ 2,211,155 $ 1,905,784 $ 1,687,019 $ 1,594,799 $ 1,420,684 $ 2,024,722 $ 1,421,293 ‌Return on average tangible equity (annualized) (2) 11.27% -1.74% 11.49% 9.07% 7.93% 5.37% 8.89% ‌ Average tangible common equity $ 2,066,671 $ 1,761,300 $ 1,542,535 $ 1,450,315 $ 1,276,200 $ 1,880,238 $ 1,276,809Return on average tangible common equity (annualized) (2) 12.06% -1.89% 12.56% 9.97% 8.83% 5.79% 9.90% ‌Return on average tangible equity, excluding certain items: Net income / (loss) available to common shareholders $ 54,884 $ (11,523) $ 47,098 $ 34,741 $ 26,385 $ 43,360 $ 59,546 Plus: after-tax restructuring and merger-related expenses (1) 32,434 15,808 510 1,562 2,984 48,242 2,984 Plus: amortization of intangibles (1) 7,271 3,336 1,607 1,622 1,637 10,607 3,290 Plus: after-tax day one provision for credit losses on acquired loans (1) – 46,926 – – – 46,926 – Net income available to common shareholders before amortization of intangibles and excluding certain items 94,589 54,547 49,215 37,925 31,006 149,135 65,820 ‌ Average total shareholders' equity 3,819,513 3,218,639 2,806,079 2,715,461 2,542,948 3,486,668 2,544,394 Less: average goodwill and other intangibles, net of def. tax liability (1,608,358) (1,312,855) (1,119,060) (1,120,662) (1,122,264) (1,461,946) (1,123,101) Average tangible equity $ 2,211,155 $ 1,905,784 $ 1,687,019 $ 1,594,799 $ 1,420,684 $ 2,024,722 $ 1,421,293 ‌Return on average tangible equity, excluding certain items (annualized) (2) 17.16% 11.61% 11.61% 9.46% 8.78% 14.85% 9.31% Average tangible common equity $ 2,066,671 $ 1,761,300 $ 1,542,535 $ 1,450,315 $ 1,276,200 $ 1,880,238 $ 1,276,809Return on average tangible common equity, excluding certain items (annualized) (2) 18.36% 12.56% 12.69% 10.40% 9.77% 15.99% 10.37% ‌Efficiency ratio: Non-interest expense $ 186,535 $ 133,966 $ 101,104 $ 101,183 $ 102,392 $ 320,500 $ 199,585 Less: restructuring and merger-related expense (41,056) (20,010) (646) (1,977) (3,777) (61,066) (3,777) Non-interest expense excluding restructuring and merger-related expense 145,479 113,956 100,458 99,206 98,615 259,434 195,808 ‌ Net interest income on a fully taxable equivalent basis 217,996 159,723 127,689 122,338 117,804 377,719 232,990 Non-interest income 43,957 34,665 36,388 29,612 31,355 78,622 61,984 Net interest income on a fully taxable equivalent basis plus non-interest income $ 261,953 $ 194,388 $ 164,077 $ 151,950 $ 149,159 $ 456,341 $ 294,974 Efficiency ratio 55.54% 58.62% 61.23% 65.29% 66.11% 56.85% 66.38% ‌Adjusted net income available to common shareholders, excluding certain items: Net income / (loss) available to common shareholders $ 54,884 $ (11,523) $ 47,098 $ 34,741 $ 26,385 $ 43,360 $ 59,546 Add: After-tax restructuring and merger-related expenses (1) 32,434 15,808 510 1,562 2,984 48,242 2,984 Add: after-tax day one provision for credit losses on acquired loans (1) – 46,926 – – – 46,926 -Adjusted net income available to common shareholders, excluding certain items: $ 87,318 $ 51,211 $ 47,608 $ 36,303 $ 29,369 $ 138,528 $ 62,530Adjusted net income per common share – diluted, excluding certain items: Net income / (loss) per common share – diluted $ 0.57 $ (0.15) $ 0.70 $ 0.54 $ 0.44 $ 0.50 $ 1.00 Add: After-tax restructuring and merger-related expenses per common share – diluted (1) 0.34 0.21 0.01 0.02 0.05 0.56 0.05 Add: after-tax day one provision for credit losses on acquired loans (1) – 0.60 – – – 0.54 -Adjusted net income per common share – diluted, excluding certain items: $ 0.91 $ 0.66 $ 0.71 $ 0.56 $ 0.49 $ 1.60 $ 1.05 ‌ Period End June 30, Mar. 31, Dec. 31, Sept. 30, June 30, 2025 2025 2024 2024 2024Tangible book value per share: Total shareholders' equity $ 3,819,220 $ 3,781,579 $ 2,790,281 $ 2,801,585 $ 2,544,279 Less: goodwill and other intangible assets, net of def. tax liability (1,709,001) (1,718,048) (1,118,293) (1,119,899) (1,121,521) Less: preferred shareholder's equity (144,484) (144,484) (144,484) (144,484) (144,484) Tangible common equity 1,965,735 1,919,047 1,527,504 1,537,202 1,278,274 Common shares outstanding 95,986,023 95,672,204 66,919,805 66,871,479 59,579,310Tangible book value per share $ 20.48 $ 20.06 $ 22.83 $ 22.99 $ 21.45Tangible common equity to tangible assets: Total shareholders' equity $ 3,819,220 $ 3,781,579 $ 2,790,281 $ 2,801,585 $ 2,544,279 Less: goodwill and other intangible assets, net of def. tax liability (1,709,001) (1,718,048) (1,118,293) (1,119,899) (1,121,521) Tangible equity 2,110,219 2,063,531 1,671,988 1,681,686 1,422,758 Less: preferred shareholder's equity (144,484) (144,484) (144,484) (144,484) (144,484) Tangible common equity 1,965,735 1,919,047 1,527,504 1,537,202 1,278,274 ‌ Total assets 27,571,576 27,412,383 18,684,298 18,514,169 18,128,375 Less: goodwill and other intangible assets, net of def. tax liability (1,709,001) (1,718,048) (1,118,293) (1,119,899) (1,121,521) Tangible assets $ 25,862,575 $ 25,694,335 $ 17,566,005 $ 17,394,270 $ 17,006,854 ‌Tangible equity to tangible assets 8.16% 8.03% 9.52% 9.67% 8.37%Tangible common equity to tangible assets 7.60% 7.47% 8.70% 8.84% 7.52% ‌(1) Tax effected at 21% for all periods presented.(2) The ratios are annualized by utilizing actual numbers of days in the quarter versus the year.WESBANCO, INC.Additional Non-GAAP Financial Measures Page 13The following non-GAAP financial measures used by WesBanco provide information useful to investors in understanding WesBanco's operating performance and trends, and facilitate comparisonswith the performance of WesBanco's peers. The following tables summarize the non-GAAP financial measures derived from amounts reported in WesBanco's financial statements. ‌ Three Months Ended Year to Date June 30, Mar. 31, Dec. 31, Sept. 30, June 30, June 30,(unaudited, dollars in thousands, except shares and per share amounts) 2025 2025 2024 2024 2024 2025 2024Pre-tax, pre-provision income: Income / (Loss) before Provision / (benefit) for income taxes $ 70,973 $ (9,665) $ 61,937 $ 44,773 $ 35,015 $ 61,309 $ 78,404 Add: provision for credit losses 3,218 68,883 (147) 4,798 10,541 72,101 14,555Pre-tax, pre-provision income $ 74,191 $ 59,218 $ 61,790 $ 49,571 $ 45,556 $ 133,410 $ 92,959 ‌Pre-tax, pre-provision income, excluding restructuring and merger-related expenses: Income / (Loss) before Provision / (benefit) for income taxes $ 70,973 $ (9,665) $ 61,937 $ 44,773 $ 35,015 $ 61,309 $ 78,404 Add: provision for credit losses 3,218 68,883 (147) 4,798 10,541 72,101 14,555 Add: restructuring and merger-related expenses 41,056 20,010 646 1,977 3,777 61,066 3,777Pre-tax, pre-provision income, excluding restructuring and merger-related expenses $ 115,247 $ 79,228 $ 62,436 $ 51,548 $ 49,333 $ 194,476 $ 96,736Pre-tax, pre-provision return on average assets, excluding restructuring and merger-related expenses: Income / (Loss) before Provision / (benefit) for income taxes $ 70,973 $ (9,665) $ 61,937 $ 44,773 $ 35,015 $ 61,309 $ 78,404 Add: provision for credit losses 3,218 68,883 (147) 4,798 10,541 72,101 14,555 Add: restructuring and merger-related expenses 41,056 20,010 646 1,977 3,777 61,066 3,777Pre-tax, pre-provision income, excluding restructuring and merger-related expenses 115,247 79,228 62,436 51,548 49,333 194,476 96,736 ‌ Average total assets $ 27,304,700 $ 21,658,352 $ 18,593,265 $ 18,295,583 $ 17,890,314 $ 24,459,913 $ 17,797,289Pre-tax, pre-provision return on average assets, excluding restructuring and merger-related expenses (annualized) (2) 1.69% 1.48% 1.34% 1.12% 1.11% 1.60% 1.09% ‌Pre-tax, pre-provision return on average equity, excluding restructuring and merger-related expenses: Income / (Loss) before Provision / (benefit) for income taxes $ 70,973 $ (9,665) $ 61,937 $ 44,773 $ 35,015 $ 61,309 $ 78,404 Add: provision for credit losses 3,218 68,883 (147) 4,798 10,541 72,101 14,555 Add: restructuring and merger-related expenses 41,056 20,010 646 1,977 3,777 61,066 3,777Pre-tax, pre-provision income, excluding restructuring and merger-related expenses 115,247 79,228 62,436 51,548 49,333 194,476 96,736 ‌ Average total shareholders' equity $ 3,819,513 $ 3,218,639 $ 2,806,079 $ 2,715,461 $ 2,542,948 $ 3,486,668 $ 2,544,394 ‌Pre-tax, pre-provision return on average equity, excluding restructuring and merger-related expenses (annualized) (2) 12.10% 9.98% 8.85% 7.55% 7.80% 11.25% 7.65% ‌Pre-tax, pre-provision return on average tangible equity, excluding certain items (1): Income / (Loss) before Provision / (benefit) for income taxes $ 70,973 $ (9,665) $ 61,937 $ 44,773 $ 35,015 $ 61,309 $ 78,404 Add: provision for credit losses 3,218 68,883 (147) 4,798 10,541 72,101 14,555 Add: amortization of intangibles 9,204 4,223 2,034 2,053 2,072 13,427 4,164 Add: restructuring and merger-related expenses 41,056 20,010 646 1,977 3,777 61,066 3,777Pre-tax, pre-provision income before restructuring and merger-related expenses and amortization of intangibles 124,451 83,451 64,470 53,601 51,405 207,903 100,900 Average total shareholders' equity 3,819,513 3,218,639 2,806,079 2,715,461 2,542,948 3,486,668 2,544,394 Less: average goodwill and other intangibles, net of def. tax liability (1,608,358) (1,312,855) (1,119,060) (1,120,662) (1,122,264) (1,461,946) (1,123,101) Average tangible equity $ 2,211,155 $ 1,905,784 $ 1,687,019 $ 1,594,799 $ 1,420,684 $ 2,024,722 $ 1,421,293Pre-tax, pre-provision return on average tangible equity, excluding certain items (annualized) (1) (2) 22.58% 17.76% 15.20% 13.37% 14.55% 20.71% 14.28% Average tangible common equity $ 2,066,671 $ 1,761,300 $ 1,542,535 $ 1,450,315 $ 1,276,200 $ 1,880,238 $ 1,276,809Pre-tax, pre-provision return on average tangible common equity, excluding certain items (annualized) (1) (2) 24.15% 19.22% 16.63% 14.70% 16.20% 22.30% 15.89% ‌(1) Certain items excluded from the calculations consist of credit provisions, tax provisions and restructuring and merger-related expenses.(2) The ratios are annualized by utilizing actual numbers of days in the quarter versus the year.

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