Here are 1-3 brief analogies for Wesbanco (WSBC):

• A regional, full-service bank similar to a smaller **PNC Bank**, offering a wide range of services from checking accounts to wealth management and insurance.

• Think of it as a community-focused version of **U.S. Bank** for the Mid-Atlantic and Midwest, providing traditional banking alongside trust, investment, and insurance solutions.

• It's a diversified regional financial services provider, much like a local **Truist**, covering banking, investments, and insurance for its specific geographic footprint.

• Deposit Accounts: Offers various checking, savings, money market, and certificate of deposit accounts for individuals and businesses.
• Lending Services: Provides a comprehensive suite of commercial, residential real estate, home equity, and consumer installment loans.
• Trust and Investment Services: Delivers personal and corporate trust administration, investment management, and a range of investment products like mutual funds and annuities.
• Brokerage Services: Facilitates securities brokerage, including broker-dealer and discount brokerage options for clients.
• Insurance Services: Acts as an agency specializing in property, casualty, life, title insurance, and benefit plan administration for personal and commercial clients.
• Commercial Real Estate Leasing: Holds and leases commercial real estate properties.

Wesbanco (WSBC) serves a diverse customer base, encompassing both individual consumers and various businesses within its operating regions. It does not sell primarily to a few named major customer companies. Instead, its customer base can be broadly categorized as follows:

• Individual Consumers: This category includes individuals seeking a full range of retail banking services such as checking accounts, savings accounts, money market accounts, certificates of deposit, and various loans including residential real estate loans (mortgages), home equity lines of credit, and installment loans for automobiles, recreational vehicles, and home improvements. They also utilize personal trust services, investment products (like mutual funds and annuities), and personal insurance services.
• Businesses and Commercial Clients: This category comprises small to large businesses and corporations. Wesbanco provides them with corporate banking services, including commercial demand deposits, commercial real estate loans, commercial and industrial loans, and corporate trust services. Additionally, they offer commercial insurance, benefit plan sales, and administration services to these clients.

Jeffrey H. Jackson, President and Chief Executive Officer

Jeffrey H. Jackson joined WesBanco as Chief Operating Officer in 2022 and was appointed President and Chief Executive Officer in August 2023. Prior to his time at WesBanco, Mr. Jackson served as Executive Vice President and Chief Operating Officer of regional banking for First Horizon Bank. His roles at First Horizon Bank also included Regional President for Florida and Market President for Southeast Tennessee and Atlanta. Before his career in banking, he spent 15 years in various positions with IBM.

Daniel K. Weiss, Jr., Senior Executive Vice President and Chief Financial Officer

Daniel K. Weiss, Jr. has served as Senior Executive Vice President and Chief Financial Officer since January 1, 2022. He joined WesBanco in 2008 and has held multiple roles within the company, including Senior Vice President & Chief Accounting Officer since January 2021, and Senior Vice President and Corporate Controller. Before joining WesBanco, Mr. Weiss was employed by Deloitte in their audit practice, where he gained experience as a public accountant in the financial services, manufacturing, healthcare, and retail industries.

Jayson M. Zatta, Senior Executive Vice President and Chief Banking Officer

Jayson M. Zatta has served as Senior Executive Vice President and Chief Banking Officer since February 2020. He joined WesBanco in 2008, previously serving as Executive Vice President – Chief Banking Officer and Executive Vice President – Chief Lending Officer. Prior to WesBanco, Mr. Zatta was the President of the Ohio Valley Region for Huntington Bank and also held the position of Executive Vice President and Senior Credit Officer at Sky Bank.

Robert H. Friend, Executive Vice President and Chief Credit Officer

Robert H. Friend has served as Executive Vice President and Chief Credit Officer since June 2022. He joined WesBanco in July 2012. Mr. Friend possesses over 31 years of banking experience in lending, credit, and management, with his banking career beginning at PNC Bank in Pittsburgh, Pennsylvania. He also started his career in public accounting with Touche Ross & Co.

Jan M. Pattishall-Krupinski, Senior Executive Vice President and Chief Administrative Officer

Jan M. Pattishall-Krupinski was appointed Senior Executive Vice President and Chief Administrative Officer in October 2024. Prior to this role, she served as Director of Operations since 2019. Ms. Pattishall-Krupinski joined WesBanco in 2011 and has held various leadership positions in Information Technology, Project Management, and Risk Management within the organization.

The key risks to Wesbanco (WSBC) include:

1. Credit Concentration, particularly in Commercial Real Estate (CRE): Wesbanco has a heavy exposure to commercial and residential real estate, especially in specific states where it operates. This concentration makes the company susceptible to adverse changes in regional economic conditions, which could lead to increased loan defaults and reduced collateral values.
2. Interest Rate Risk and Net Interest Margin (NIM) Pressure: As a financial institution, Wesbanco is sensitive to shifts in interest rates and funding costs. The company has experienced a decline in its net interest margin, which reflects a decrease in the earnings generated from its loan book relative to funding costs, indicating potential pressure on profitability.
3. Regulatory Complexity and Rising FDIC Premiums: Having surpassed $10 billion in assets, Wesbanco faces increased regulatory complexity and stringent capital requirements. This includes the challenge of rising FDIC premiums, which can impact the bank's operational costs and overall financial health.

The primary emerging threats to Wesbanco stem from the rapid advancement and adoption of financial technology (fintech) companies and new digital-first business models.

Digital-only banks (neobanks and challenger banks): These entities operate with significantly lower overhead costs, often offer more competitive interest rates on deposits, and provide highly convenient, mobile-first banking experiences. They directly compete with Wesbanco's traditional deposit accounts, payment services, and retail banking relationships, potentially attracting younger customers or those seeking purely digital banking solutions away from Wesbanco's branch-heavy model.

Online lending platforms: Specialized online lenders leverage technology to streamline loan applications, underwriting, and approvals, often offering faster processing times and potentially more competitive rates for various loan types, including residential real estate, commercial, and installment loans. This threatens Wesbanco's ability to originate and retain its loan portfolio.

Robo-advisors: Automated investment platforms offer low-cost, algorithm-driven investment management services. These platforms directly compete with Wesbanco's traditional "Trust and Investment Services" and securities brokerage services by appealing to clients who prioritize cost-efficiency and digital accessibility for wealth management.

Wesbanco (WSBC) operates in various financial service markets across West Virginia, Ohio, western Pennsylvania, Kentucky, southern Indiana, Maryland, and northern Virginia. While precise market sizes for Wesbanco's specific operating regions are not readily available, the addressable markets at the U.S. national level for its main products and services are substantial.

Here are the estimated market sizes for Wesbanco's main products and services in the U.S. region:

• Retail Banking (Deposits): The U.S. retail banking market was estimated at USD 906.3 billion in 2026. Furthermore, the total deposits held by all commercial banks in the U.S. reached USD 18,816 billion as of March 4, 2026.
• Corporate Banking: The U.S. commercial banking market size was estimated at USD 765.53 billion in 2026. Within corporate banking, outstanding Commercial and Industrial (C&I) loans by all commercial banks in the U.S. were USD 2,789.6057 billion in February 2026. Commercial Real Estate (CRE) loans held by U.S. commercial banks amounted to USD 3,075.35 billion.
• Personal and Corporate Trust: The U.S. Trusts and Estates industry, which encompasses trusts, estates, and agency accounts, generated revenue of $290.1 billion in 2025. The broader trust and corporate service market is projected to reach $15.05 billion in 2026.
• Brokerage Services: The U.S. Securities Brokerage Market was valued at USD 201.07 billion in 2024.
• Mortgage Banking (Residential Real Estate Loans): The U.S. home loan market is estimated to be USD 2.42 trillion in 2026. Residential real estate loans outstanding from U.S. commercial banks totaled USD 2,688.48 billion.
• Insurance Services: The U.S. insurance industry recorded net premiums written of $1.7 trillion in 2024. This includes $932.5 billion from property/casualty insurers and $822.6 billion from life/annuity insurers.
• Installment Loans: The U.S. personal loans market is projected to be USD 481.18 billion in 2026. Additionally, U.S. auto loans outstanding from commercial banks amounted to USD 507.89 billion.

Here are 3-5 expected drivers of future revenue growth for Wesbanco (WSBC) over the next 2-3 years:

1. Acquisition and Integration of Premier Financial Corp. (PFC): The successful acquisition and ongoing integration of Premier Financial Corp., which closed in February 2025, is a significant driver of revenue growth. This acquisition has already substantially boosted Wesbanco's net interest income and overall revenue, with management emphasizing 2025 as a year of disciplined growth and strong execution in transforming the company into a larger regional financial services partner.
2. Deposit-Funded Loan Growth: Wesbanco is focused on generating robust loan growth that is fully supported by an expanding deposit base. The company reported solid loan growth in Q4 2025, which was completely funded by deposit growth, indicating a healthy and sustainable lending operation. Both acquired deposits from the Premier acquisition and ongoing organic deposit growth contribute to the capacity for increased lending, thereby generating higher net interest income.
3. Net Interest Margin (NIM) Expansion: Expected improvements in Wesbanco's net interest margin are projected to enhance profitability and revenue. The company reported a NIM of 3.61% in Q4 2025, an increase of 58 basis points year-over-year. Management anticipates a stable NIM in Q1 2026, followed by a 3-5 basis point expansion in Q2 2026, trending towards the high-3.60% range in the latter half of 2026, driven by higher loan and securities yields offsetting funding costs.
4. Growth in Fee-Based Businesses and Noninterest Income: Diversification of revenue streams through growth in fee-based businesses is a key driver. Wesbanco achieved record noninterest income of $167 million for the full year 2025, fueled by strong treasury management revenue, increased wealth assets under management, and doubled gross swap fees. This focus on noninterest income, including new products and services and treasury management fees, helps to stabilize earnings and reduce reliance on interest rate fluctuations.
5. Strategic Expansion into New Markets and Verticals: Wesbanco is actively pursuing strategic organic growth through expansion into new markets and specific verticals, such as healthcare lending, and by establishing additional loan production offices. These initiatives are designed to capture new commercial loan opportunities and expand the company's customer base and market presence in key operational regions.

Share Repurchases

• As of December 31, 2025, Wesbanco had an active stock repurchase plan approved on February 24, 2022, authorizing the repurchase of 3.2 million shares.
• The authorized share repurchases are for general corporate purposes, including potential acquisitions, shareholder dividend reinvestment, and employee benefit plans.

Share Issuance

• On September 10, 2025, Wesbanco priced an underwritten public offering of 9,200,000 depositary shares, representing interests in 7.375% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series B, with a liquidation preference of $25 per depositary share, totaling $230 million.
• Approximately $150 million of the net proceeds from this offering were used to redeem the outstanding 6.75% Series A Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock and related depositary shares on November 15, 2025.
• Approximately $50 million of the net proceeds were used to redeem the outstanding 4.0% Fixed-To-Floating Rate Subordinated Notes due September 30, 2030, which were assumed from the Premier Financial Corporation acquisition.

Outbound Investments

• Wesbanco completed its acquisition of Premier Financial Corp. (PFC) on February 28, 2025.
• The acquisition of Premier Financial Corp. was valued at approximately $1.0 billion, with each Premier Financial share converted into 0.80 Wesbanco common shares.
• The PFC acquisition significantly contributed to Wesbanco's loan and deposit growth, with acquired PFC loans totaling $5.9 billion and deposits totaling $6.9 billion.

Capital Expenditures

• Wesbanco reported a -$2.7 million investment in capital expenditures in Q4 2025.
• For 2026, Wesbanco anticipates investment initiatives in revenue-enhancing technology as a focus for capital expenditures.