WesBanco, Inc. (WSBC) SEC Filings & Earnings Calls

Commercial real estate payoff risk: $700-900MM annual range, with H2 tapering.

“Commercial Real Estate Payoffs $910MM $700-900MM (annual range) – 2026 towards high-end Continue to taper during H2 Q3 currently projected at 2/3s the Q2 level” · word for word

Wholesale funding reliance if loan growth outpaces deposit growth.

“H2 loan growth to accelerate and initially outpace deposit growth, requiring blend of wholesale funding and deposits” · word for word

Rising non-performing loans

“Non-performing loans were 0.75% of total portfolio loans as of June 30, 2026, increasing from 0.45% of total portfolio loans at June 30, 2025.” · word for word

Increased provision for credit losses

“For the three months ended June 30, 2026, Wesbanco recorded a provision for credit losses of $9.2 million, an increase of $6.0 million compared to the $3.2 million provision recorded for the three months ended June 30, 2025.” · word for word

Elevated CRE payoffs continue to pressure loan growth, though partially offset by organic growth

“higher commercial real estate (“CRE”) payoffs of approximately $345 million, which impacted year-over-year loan growth by 1.0%” · word for word

Deposit mix shift: decline in higher-cost CDs, but total deposits excluding CDs grew; non-interest bearing deposits at 24% of total

“deposits were down only $75 million, or 0.4%, on a sequential quarter basis reflecting the remaining $50 million of brokered deposits that paid off on April 1st and the decline in higher cost CDs”

No new risk signals; presentation is boilerplate.

CRE loan credit risk

“Non-performing loans increased $53.4 million or 58.3% from December 31, 2025, primarily due to three CRE loans across different markets and property types, none of which were office.” · word for word

Interest rate risk from securities portfolio

“Total gross unrealized securities losses increased $22.4 million, from $300.2 million as of December 31, 2025 to $322.6 million at March 31, 2026.” · word for word

Elevated CRE payoffs impacting loan growth

“CRE payoffs impacted year-over-year loan growth by 1.4%” · word for word

Non-performing loans increased sequentially

“Non-performing loans increased $53 million sequentially primarily due to three CRE loans” · word for word

Material Weakness in Internal Control over Financial Reporting

“E&Y issued an adverse opinion in their report on internal control over financial reporting as of December 31, 2025 as a result of the material weakness in the Corporation’s internal control over financial reporting that the Corporation reported in Part II, Item 9A of the Corporation’s Annual Report on Form 10-K for the fiscal year ended December 31, 2025, as” · word for word

Relative TSR Underperformance

“For the 2023-2025 performance equity awards, the TSR of the Corporation’s common stock was equal to 13th percentile of the TSR Peer Group, resulting in no shares being earned for this award.” · word for word

No material risk; retirements are voluntary and not due to disagreements.

“The respective voluntary decisions ... were not the result of any disagreement with the Company on any matter relating to its operations, policies, or practices.”

CRE credit deterioration

“The allowance for credit losses - loans individually-evaluated increased $10.1 million from December 31, 2024 to December 31, 2025 due to an individually-evaluated loan analysis completed on certain classified commercial real estate loans.” · word for word

Funding cost pressure

“Generally, weighted average interest bearing non-maturity deposit betas utilized in modeling are 49% in up shocks and 45% in down shocks as the banking industry continues to remain in a competitive environment where funding cost pressures persist.” · word for word

Office investment loan portfolio of ~$575 million (3% of total loans) with average LTV ~65% and DSCR ~1.4x, considered stable.

“Office investment loan portfolio ~$575 million (3% of the total loan portfolio) and in stable condition.” · word for word

Elevated CRE payoffs may pressure loan growth sustainability.

“CRE payoffs totaled approximately $415 million during the fourth quarter of 2025 and $905 million for the year, more than 2.5 times the prior year-to-date period.”

Integration risk from PFC acquisition remains; day-one provision for credit losses on acquired loans was $46.9M.

“Day one provision for credit losses and other expenses related to the closing of the Premier Financial Corp. acquisition on February 28, 2025.” · word for word

Departure of CRO may create temporary leadership gap; separation agreement not finalized.

“The Company expects to enter into a separation agreement with Mr. Perkins in connection with his retirement, the details of which have not been finalized as of the date of this filing.” · word for word

Credit quality deterioration

“Non-performing loans were 0.50% of total portfolio loans as of September 30, 2025, increasing from 0.24% of total portfolio loans at September 30, 2024.” · word for word

Integration risk from PFC acquisition

“Restructuring and merger-related expenses increased $9.4 million in the third quarter of 2025 as compared to the third quarter of 2024, primarily due to costs associated with the previously mentioned financial center optimization and to a lesser extent, additional expenses incurred for the acquisition of PFC.” · word for word

Minimal risk; auditor change is routine and without conflict.

“No adverse opinions, disagreements, or reportable events in prior audits.”