WESBANCO INC
For the period ended Sep 30, 2026. Filed Oct 29, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2026 · Filed Oct 29, 2026
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Average Balance Sheets and Net Interest Margin Analysis
Table 33: Average Balance Sheets and Net Interest Margin Analysis
| For The Three Months Ended September 30, · For the Nine Months Ended September 30, | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 · 2025 · 2026 · 2025 | |||||||||||
| Average · Average · Average · Average · Average · Average · Average · Average | |||||||||||
| (unaudited, dollars in thousands) · Balance · Rate · Balance · Rate · Balance · Rate · Balance · Rate | |||||||||||
| ASSETS | |||||||||||
| Due from banks - interest bearing | $728,418 | 3.88% | $761,410 | 4.90% | $730,187 | 3.89% | $704,757 | 4.81% | |||
| Loans, net of unearned income (1) | 19,660,778 | 6.02% | 18,990,507 | 6.17% | 19,365,019 | 5.99% | 17,553,879 | 6.12% | |||
| Securities: (2) | |||||||||||
| Taxable | 3,966,151 | 3.32% | 3,901,533 | 3.20% | 3,930,752 | 3.29% | 3,679,815 | 3.08% | |||
| Tax-exempt (3) | 728,816 | 3.34% | 733,493 | 3.21% | 733,927 | 3.34% | 732,823 | 3.20% | |||
| Total securities | 4,694,967 | 3.33% | 4,635,026 | 3.20% | 4,664,679 | 3.30% | 4,412,638 | 3.10% | |||
| Other earning assets | 76,405 | 6.61% | 77,308 | 9.40% | 65,328 | 7.61% | 75,338 | 8.04% | |||
| Total earning assets (3) | 25,160,568 | 5.45% | 24,464,251 | 5.58% | 24,825,213 | 5.42% | 22,746,612 | 5.50% | |||
| Other assets | 2,859,632 | 2,955,475 | 2,864,984 | 2,710,747 | |||||||
| Total Assets | $28,020,200 | $27,419,726 | $27,690,197 | $25,457,359 | |||||||
| LIABILITIES AND SHAREHOLDERS' EQUITY | |||||||||||
| Interest bearing demand deposits | $5,392,171 | 2.29% | $4,963,468 | 2.51% | $5,384,182 | 2.26% | $4,676,955 | 2.61% | |||
| Money market accounts | 5,064,659 | 2.81% | 4,905,387 | 3.09% | 4,968,163 | 2.74% | 4,322,300 | 2.96% | |||
| Savings deposits | 3,300,368 | 1.36% | 3,152,927 | 1.21% | 3,285,784 | 1.32% | 2,962,302 | 1.16% | |||
| Certificates of deposit | 2,549,878 | 3.06% | 2,928,961 | 3.19% | 2,678,958 | 3.14% | 2,694,587 | 3.15% | |||
| Total interest bearing deposits | 16,307,076 | 2.39% | 15,950,743 | 2.56% | 16,317,087 | 2.36% | 14,656,144 | 2.52% | |||
| Federal Home Loan Bank borrowings | 1,482,609 | 4.04% | 1,500,272 | 4.58% | 1,227,473 | 4.01% | 1,419,571 | 4.43% | |||
| Repurchase agreements | 99,661 | 2.21% | 110,452 | 2.75% | 102,923 | 2.23% | 130,592 | 2.77% | |||
| Subordinated debt and junior subordinated debt | 308,892 | 5.10% | 358,007 | 5.91% | 308,740 | 5.26% | 340,425 | 5.80% | |||
| Total interest bearing liabilities (4) | 18,198,238 | 2.57% | 17,919,474 | 2.79% | 17,956,223 | 2.52% | 16,546,732 | 2.75% | |||
| Non-interest bearing demand deposits | 5,346,922 | 5,289,568 | 5,299,436 | 4,975,638 | |||||||
| Other liabilities | 328,731 | 312,542 | 319,717 | 309,656 | |||||||
| Shareholders’ equity | 4,146,309 | 3,898,142 | 4,114,821 | 3,625,333 | |||||||
| Total Liabilities and Shareholders’ Equity | $28,020,200 | $27,419,726 | $27,690,197 | $25,457,359 | |||||||
| Taxable equivalent net interest spread | 2.88% | 2.79% | 2.90% | 2.75% | |||||||
| Taxable equivalent net interest margin | 3.60% | 3.53% | 3.60% | 3.50% | |||||||
(1)
Gross of the ACL, net of unearned income and includes non-accrual loans and loans HFS. Loan fees included in interest income on loans were $1.9 million and $1.4 million for the three months ended September 30, 2026 and 2025, respectively, and were $5.8 million and $5.5 million for the nine months ended September 30, 2026 and 2025, respectively. Additionally, loan accretion included in interest income on loans acquired from prior acquisitions was $13.4 million and $16.0 million for the three months ended September 30, 2026 and 2025, respectively, and was $41.4 million and $39.3 million for the nine months ended September 30, 2026 and 2025, respectively.
(2)
Average yields on AFS debt securities are calculated based on amortized cost.
(3)
Taxable equivalent basis is calculated on tax-exempt securities using the federal statutory tax rate of 21% for each period presented.
(4)
Accretion on interest bearing liabilities acquired from prior acquisitions was $0.1 million and $1.7 million for the three months ended September 30, 2026 and 2025, respectively, and was $0.5 million and $9.6 million for the nine months ended September 30, 2026 and 2025, respectively.
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