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Sep 30
WesBanco Q3 2025 Earnings Report
WesBanco reported strong third quarter 2025 financial results, driven by the successful integration of Premier Financial Corp. and effective operational discipline.
Key Takeaways
WesBanco announced robust financial results for the third quarter of 2025, with significant increases in net income and diluted EPS compared to the prior year. The company's performance was bolstered by the successful integration of the Premier Financial Corp. acquisition, leading to substantial growth in deposits and loans, an expanded net interest margin, and improved efficiency. Strategic expense management and a focus on digital banking channels also contributed to the positive outcomes.
Net income available to common shareholders increased by 133.3% year-over-year to $81.0 million.
Diluted earnings per share rose by 55.6% to $0.84, with adjusted diluted EPS reaching $0.94.
Total deposits grew by 53.8% year-over-year to $21.3 billion, fully funding a 52.0% increase in total loans to $18.9 billion.
The efficiency ratio improved significantly to 55.1%, reflecting expense synergies from the PFC acquisition and ongoing cost control efforts.
WesBanco
WesBanco
WesBanco Revenue by Segment
Revenue by Segment
Trust Fees Revenue
CapyFin.comService Charges on Deposits Revenue
CapyFin.comDigital Banking Income Revenue
CapyFin.comNet Securities Brokerage Revenue
CapyFin.comBank-Owned Life Insurance Revenue
CapyFin.comMortgage Banking Income Revenue
CapyFin.comNet Securities Gains Revenue
CapyFin.comNet Gains on OREO and Other Assets Revenue
CapyFin.comOther Income Revenue
CapyFin.comNet Swap Fee and Valuation Income Revenue
CapyFin.com Forward Guidance
WesBanco anticipates continued operational efficiency and strategic optimization of its financial center network, expecting net pre-tax savings from closures in early 2026, while incurring non-recurring restructuring charges.
Positive Outlook
- Net pre-tax savings of approximately $6 million are expected to be phased-in during the first half of 2026 from financial center optimization.
- Deposit attrition from financial center closures is anticipated to be minimal due to customer migration to digital channels and proximity to existing centers.
- The company plans to refresh existing financial center locations and open new banking centers in select areas.
- Continued enhancement of digital banking offerings is expected to support evolving customer preferences.
- The Series B preferred stock offering is expected to strengthen Tier 1 capital and facilitate redemption of other outstanding debts.
Challenges Ahead
- WesBanco anticipates incurring total non-recurring restructuring charges of approximately $8 million due to financial center closures.
- Approximately $7 million of restructuring charges were recognized during the third quarter of 2025.
- Commercial real estate payoffs have continued to increase, totaling $235 million during the third quarter and $490 million year-to-date, more than 2.5 times the prior year-to-date period.
- The company will incur additional costs operating two core systems until the conversion to one platform in mid-May.
- The forward-looking statements involve risks and uncertainties, including changing economic conditions and interest rates, which could cause actual results to differ materially.