WesBanco (WSBC) Q2 2025 Financial Results Summary

# WesBanco (WSBC) Q2 2025 Financial Results Summary

WesBanco, Inc. announced its second quarter 2025 financial results on July 29, 2025, reporting significant growth in various key metrics, driven largely by the recent acquisition of Premier Financial Corp.

## Key Financial Highlights:

– **Net Income**:
– Q2 2025: $54.9 million, or $0.57 per diluted share.
– Q2 2024: $26.4 million, or $0.44 per diluted share.
– Year-over-Year Growth: **108%** in net income and **29.5%** in earnings per share.

– **Adjusted Net Income** (excluding merger-related expenses):
– Q2 2025: $87.3 million, or $0.91 per diluted share.
– Q2 2024: $29.4 million, or $0.49 per diluted share.
– Year-over-Year Growth: **85.7%** in adjusted earnings per diluted share.

– **Total Loans**:
– Q2 2025: $18.8 billion.
– Year-over-Year Growth: **53.6%**, driven by $5.9 billion from Premier and **5.5%** organic growth.

– **Total Deposits**:
– Q2 2025: $21.2 billion.
– Year-over-Year Growth: **57.5%**, with $6.9 billion coming from Premier and **6.3%** organic growth.

– **Net Interest Margin**:
– Q2 2025: **3.59%**, up **64 basis points** YoY and **24 basis points** sequentially.

– **Net Interest Income**:
– Q2 2025: $216.8 million.
– Year-over-Year Growth: **85.9%**.

– **Non-Interest Income**:
– Q2 2025: $44.0 million.
– Year-over-Year Growth: **40.2%** primarily due to Premier’s acquisition.

– **Efficiency Ratio**:
– Q2 2025: **55.5%**, improved by over **10 percentage points** YoY.

– **Return on Average Assets**:
– Q2 2025: **0.81%**; up from **0.59%** in the same quarter last year.

– **Return on Average Equity**:
– Q2 2025: **5.76%**, compared to **4.17%** in Q2 2024.

– **Tangible Common Equity Ratio**:
– Q2 2025: **7.60%**, compared to **7.52%** in Q2 2024.

## Credit Quality:
– **Allowance for Credit Losses**:
– 1.19% of total portfolio loans as of June 30, 2025, down from 1.25% on March 31, 2025.

– **Criticized and Classified Loans**:
– Increased to 3.63%, reflecting ongoing efforts to manage credit quality.

## Shareholder Returns:
– **Dividends Declared**:
– Q2 2025: $0.37 per share, compared to $0.36 in Q2 2024 (+2.8%).

– **Share Repurchase**:
– No share repurchase program was mentioned in the results.

## Operational Highlights:
– Successful conversion of the customer data systems for Premier Financial.
– Total assets increased to **$27.6 billion**, reflecting a **52.1%** increase YoY.
– Expansion and retention of client relationships with approximately **400,000** consumer and **50,000** business accounts transitioned.

## Conclusion
WesBanco reported a strong performance in Q2 2025, primarily fueled by its acquisition of Premier Financial Corp. The company showcased impressive growth in net income, deposits, and loans, while maintaining solid credit quality and shareholder returns through dividends. The efficiency ratio improvements indicate enhanced operational effectiveness, while investments in new technology have positioned the bank for continued growth.

For more detailed information, investors can access the conference call and other investor relations resources on WesBanco’s website.

Here are the extracted tables from the press release:

### WESBANCO, INC. Consolidated Statements of Income (unaudited, dollars in thousands)