Overview

• US regional bank's Q1 adjusted EPS beat analyst expectations

• Net interest income for Q1 rose 36% yr/yr, driven by acquisition and organic growth

• Company plans closure of 10 financial centers in May 2026 to optimize network

Outlook

• Company did not provide specific guidance for the current or future periods

Result Drivers

• NET INTEREST MARGIN - Net interest margin rose 22 basis points yr/yr to 3.57%, driven by lower funding costs and higher earning asset yields

• ORGANIC GROWTH & EXPANSION - Organic loan and deposit growth advanced, supported by commercial banking expansion into high-growth South Florida markets

• EXPENSE SYNERGIES - Efficiency ratio improved nearly 4 percentage points yr/yr to 52.5%, primarily due to expense synergies from the PFC acquisition and focus on positive operating leverage

Company press release: ID:nPn6swfCFa

Key Details

Metric	Beat/Miss	Actual	Consensus Estimate
Q1 Adjusted EPS	Beat	$0.91	$0.86 (8 Analysts)
Q1 Net Interest Income		$215.4 mln
Q1 CET1 Capital Ratio		10.67%
Q1 Net Interest Margin		3.57%

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the banks peer group is "buy"

• Wall Street's median 12-month price target for WesBanco Inc is $41.00, about 12.9% above its April 20 closing price of $36.32

• The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 9 three months ago

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