Wesbanco Pref Shares 7.375 WSBC Perp 10/01/30 | 8-K: FY2026 Q2 Revenue: USD 386.68 M

Revenue: As of FY2026 Q2, the actual value is USD 386.68 M.

EPS: As of FY2026 Q2, the actual value is USD 0.91.

EBIT: As of FY2026 Q2, the actual value is USD 117.52 M.

Net Income

• GAAP Net Income Available to Common Shareholders:
  • Q2 2026 was $88,437 thousand, a 61.1% increase year-over-year compared to $54,884 thousand in Q2 2025 .
  • For the six months ended June 30, 2026, it was $172,832 thousand, a 298.6% increase year-over-year from $43,360 thousand for the same period in 2025 .
• Adjusted Net Income Available to Common Shareholders (Non-GAAP):
  • Q2 2026 was $89,229 thousand, compared to $87,318 thousand in Q2 2025 .
  • For the six months ended June 30, 2026, it was $176,558 thousand, compared to $138,528 thousand for the same period in 2025 .

Segment Revenue

• Net Interest Income:
  • Q2 2026 was $222,162 thousand, a 2.5% increase year-over-year from $216,769 thousand in Q2 2025 .
  • For the six months ended June 30, 2026, it was $437,562 thousand, a 16.6% increase year-over-year from $375,288 thousand for the same period in 2025 .
• Non-Interest Income:
  • Q2 2026 was $53,632 thousand, a 22.0% increase year-over-year from $43,957 thousand in Q2 2025 .
  • For the six months ended June 30, 2026, it was $95,462 thousand, a 21.4% increase year-over-year from $78,622 thousand for the same period in 2025 .
  • Key components of non-interest income for Q2 2026 included Trust fees ($9,830 thousand), Service charges on deposits ($11,546 thousand), and Digital banking income ($7,410 thousand) .

Operational Costs

• Non-Interest Expense:
  • Q2 2026 was $149,086 thousand, a -20.1% decrease year-over-year from $186,535 thousand in Q2 2025 .
  • For the six months ended June 30, 2026, it was $295,788 thousand, a -7.7% decrease year-over-year from $320,500 thousand for the same period in 2025 .
  • Excluding restructuring and merger-related costs, non-interest expense for Q2 2026 was $148,100 thousand, a 1.8% increase year-over-year, mainly due to higher salaries and wages offset by discretionary expense management .
  • Excluding restructuring and merger-related expenses, for the first half of 2026, it was $291,100 thousand, a 12.2% increase compared to the prior year period .
• Provision for Credit Losses:
  • Q2 2026 was $9,185 thousand, compared to $3,218 thousand in Q2 2025 .
  • For the six months ended June 30, 2026, it was $8,288 thousand, compared to $72,101 thousand for the same period in 2025 .
• Income Before Provision for Income Taxes:
  • Q2 2026 was $117,523 thousand, compared to $70,973 thousand in Q2 2025 .
  • For the six months ended June 30, 2026, it was $228,948 thousand, compared to $61,309 thousand for the same period in 2025 .

Operational Metrics

• Efficiency Ratio: Improved by more than 1 percentage point both year-over-year and quarter-over-quarter to a record low of 51.2% for Q2 2026 .
• Net Interest Margin: Was 3.63% for Q2 2026, an increase of 4 basis points year-over-year and 6 basis points sequentially .
• Loan Growth: Annualized loan growth was 8.3% over the sequential quarter and 3.5% year-over-year .
• Commercial Loan Pipeline: Grew to a record $2.3 billion as of June 30, 2026 .
• Loan to Deposit Ratio: Average loan to deposit ratio was 88.9% .
• Deposits: Total deposits of $21.6 billion increased 2.1% year-over-year .
• Credit Quality: Net charge-offs for Q2 2026 were 0.02% of total average loans . The allowance for credit losses to total portfolio loans at June 30, 2026, was 1.12% ($217,775 thousand) .
• Total Assets: Increased 0.8% year-over-year to $27.8 billion as of June 30, 2026 .
• Trust and Investment Services Assets Under Management: Totaled $8,227 million at June 30, 2026 .
• Broker-dealer Securities Account Values (including annuities): Totaled $2,704 million at June 30, 2026 .

Cash Flow

• The provided reference does not contain explicit details on operating cash flow or free cash flow .

Capital

• Regulatory Capital Ratios (as of June 30, 2026): Tier I leverage was 9.83%, Tier I risk-based capital ratio was 11.72%, Common equity Tier 1 capital ratio (CET 1) was 10.70%, and Total risk-based capital was 14.18% .
• Tangible Common Equity to Tangible Assets Ratio: Was 8.44% .
• Share Repurchases: During Q2, WesBanco repurchased 0.3 million shares at a total cost of $9.7 million, or $33.55 per share .

Outlook / Guidance

WesBanco plans to position its Florida franchise for continued growth through planned financial center openings during the first half of 2027 . The company is well-positioned for continued growth due to a solid funding position and strong momentum across its markets . This includes particular strength in Premier and expansion markets such as Northern Virginia, Tennessee, and Florida .