WSBC — what changed in the latest 10-Q

Text added vs the prior filing · source: 10-Q · 2026-10-29

• Net income available to common shareholders of $85.3 million, or $0.88 diluted earnings per share, for the third quarter of 2026 increased $4.2 million, or 5.2%, compared to $81.0 million, or $0.84 diluted earnings per share, for the third quarter of 2025 primarily driven by higher net interest inco…

• Net interest income for the third quarter of 2026 was $226.9 million, an increase of $10.2 million, or 4.7% year-over-year, driven by loan growth, upward loan repricing, and higher securities yields. The third quarter net interest margin of 3.60% improved 7 basis points year-over-year primarily due …

• Provision for credit losses of $8.7 million for third quarter of 2026, increased $6.6 million compared to $2.1 million for the same period in 2025. The increase was primarily driven by loan growth, along with an increase in individually-evaluated loans. The increase is partially offset by prepayment…

• For the third quarter of 2026, non-interest income of $45.9 million increased $1.0 million, or 2.2%, from the third quarter of 2025 due primarily to higher net swap and valuation income, service charges on deposits, and trust fees. Gross swap fees were $2.8 million in the third quarter, compared to …

• Non-interest expense of $150.9 million, decreased $5.3 million, or 3.4%, year-over-year primarily due to lower restructuring and merger-related expenses associated with the PFC acquisition and discretionary expense management, partially offset by higher salaries and wages. Salaries and wages of $69.…

Text removed vs the prior filing · source: 10-Q · 2026-07-30

• Wesbanco reported net income available to common shareholders for the second quarter of 2026 of $88.4 million, with diluted earnings per share of $0.91, compared to $54.9 million and $0.57 per diluted share, respectively, for the second quarter of 2025. For the six months ended June 30, 2026, net in…

• Add: After-tax day one provision for credit losses on acquired loans

• Adjusted net income available to common shareholders (Non-GAAP)(1)

• Non-GAAP net income excludes after-tax restructuring and merger-related expenses. The above non-GAAP financial measures used by Wesbanco provide information useful to investors in understanding Wesbanco’s operating performance and trends and facilitate comparisons with the performance of Wesbanco’s …

• Net interest income for the second quarter of 2026 was $222.2 million, an increase of $5.4 million, or 2.5% from the second quarter of 2025, reflecting lower FHLB borrowing and deposit costs along with higher securities yields. For the six months ended June 30, 2026, net interest income of $437.6 mi…

Text added vs the prior filing · source: 10-Q · 2026-10-29

• REMEDIATION PLAN— With the oversight of the Audit Committee of the Board of Directors, Wesbanco management continues to execute on the material weakness remediation plan as previously disclosed. To date, management has completed or is in the process of completing the following remediation steps:

• Wesbanco management completed a root cause analysis, in conjunction with a third-party advisor, of the material weakness and has developed related corrective actions to address the findings identified.

Text removed vs the prior filing · source: 10-Q · 2026-07-30

• REMEDIATION PLAN— To remediate the material weakness described above, with the oversight of the Audit Committee of the Board of Directors, Wesbanco is in the process of implementing the following remediation steps:

• Wesbanco management performed a root cause analysis of the material weakness and continues to refine the related corrective actions with the assistance of an independent third-party advisor.