WesBanco, Inc. functions as the parent entity for WesBanco Bank, Inc., overseeing a comprehensive portfolio of financial services. These offerings encompass retail ...
WesBanco, Inc. is a bank holding company headquartered in Wheeling, West Virginia, and operates as the parent of WesBanco Bank, Inc. The company provides a comprehensive range of financial services, including retail and commercial banking, trust and investment services, mortgage banking, brokerage, and insurance. Its operations are segmented into Community ...WesBanco, Inc. is a bank holding company headquartered in Wheeling, West Virginia, and operates as the parent of WesBanco Bank, Inc. The company provides a comprehensive range of financial services, including retail and commercial banking, trust and investment services, mortgage banking, brokerage, and insurance. Its operations are segmented into Community Banking and Trust and Investment Services. The company offers a wide array of deposit products such as checking accounts, savings accounts, money market accounts, and certificates of deposit, as well as lending solutions for commercial real estate, residential mortgages, home equity lines of credit, and installment loans for various purposes. WesBanco also delivers trust administration, investment management, and securities brokerage services, along with insurance products like property, casualty, life, and title insurance. As of December 31, 2021, WesBanco operated 206 branches and 203 ATMs across West Virginia, Ohio, western Pennsylvania, Kentucky, southern Indiana, and Maryland, with additional loan production offices. The company has consistently been recognized by Forbes as one of America's Best Banks, marking its thirteenth year on the list in 2023. With approximately $27 billion in assets, WesBanco continues to expand its regional presence, recently converting branches to WesBanco brand and now operating more than 250 financial centers. The company emphasizes sound credit and risk management, aiming for sustainable profitability and community engagement. Its corporate headquarters remain in Wheeling, West Virginia, and it is publicly traded on NASDAQ under the symbol WSBC.
YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength.
QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes.
RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three).
$1.4B
+51.4%
+7.2%
Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day.
$223.1M
+47.3%
+4.6%
Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials.
+62.9%
+2.7%
-1.1%
Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on).
+19.7%
+0.7%
-1.6%
Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales.
+15.5%
-2.7%
-2.5%
Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock.
$280.0M
+39.5%
-28.8%
FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine.
+19.5%
-7.9%
-33.6%
Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe.
41.3%
-21.7%
+23.8%
Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking.
0.25x
+310.1%
-91.6%
Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground.
Operator: Good morning, everyone, and welcome to the WesBanco second quarter 2026 earnings conference call. All participants will be in a listen-only mode. Should you need assistance, please signal a conference specialist by pressing the star key followed by zero. After today's presentation, there will be an opportunity to ask questions. To ask a question, you may press star and one on your touchtone telephones. To withdraw your questions, you may press star and two. Please also note today's event is being recorded. At this time, I'd like to turn the conference call over to John Iannone, Senior Vice President of Investor Relations. Please go ahead.
John Iannone: Thank you. Good morning, and welcome to WesBanco Inc.'s second quarter 2026 earnings conference call. Leading the call today are Jeff Jackson, President and Chief Executive Officer, and Dan Weiss, Senior Executive Vice President and Chief Financial Officer. Today's call, an archive of which will be available on our website for one year, contains forward-looking information. Cautionary statements about this information and reconciliations of non-GAAP measures are included in our earnings-related materials issued yesterday afternoon, as well as our other SEC filings and investor materials. These materials are available on the investor relations section of our website, wesbanco.com. All statements speak only as of July 22nd, 2026, and WesBanco undertakes no obligation to update them. I would now like to turn the call over to Jeff. Jeff?
Jeff Jackson: Thanks, John, good morning, everyone. Today, we'll review our second quarter performance and share our current outlook for the rest of 2026. The defining theme of the quarter was momentum across our franchise. There are three key takeaways that really demonstrate that momentum. We delivered strong sequential quarter and year-over-year loan growth. We advanced our organic growth strategy and commercial momentum, driving record production and pipeline. We continued to generate profitable growth through positive operating leverage and disciplined execution. Turning briefly to our financial performance, our strong second quarter results reflect the continued success of our relationship-focused banking model and disciplined growth strategy. For the quarter ended June 30th, 2026, we reported net income available to common shareholders of $89 million, excluding merger and restructuring charges. That translated to $0.92 per diluted share, while on a year-to-date basis, our earnings per share increased 14% to $1.83.
Jeff Jackson: On a similar basis, we reported year-to-date pre-tax, pre-provision earnings of $242 million, an increase of 24% year-over-year. The strength of our financial performance was reflected in our second quarter and year-to-date returns on average assets and tangible common equity of 1.3% and 17.3%, respectively. Further, we are demonstrating our ability to drive profitable growth across the franchise as we generated strong …