Wesbanco Reports $202.6 Million Net Income for 2025, Driven by Premier Financial Acquisition

Wesbanco Inc., a West Virginia-based bank holding company, reported net income available to common shareholders of $202.6 million, or $2.23 per diluted share, for the year ended December 31, 2025. This compares to $141.4 million, or $2.26 per diluted share, for the year ended December 31, 2024. Excluding after-tax restructuring and merger-related expenses and the day one provision for credit losses on acquired loans, net income available to common shareholders was $309.5 million, or $3.40 per diluted share, for 2025. The company's operations are divided into two reportable segments: community banking and trust and investment services, operating primarily through Wesbanco Bank, which has 251 branches and 266 ATMs across several states.

The company's financial performance in 2025 was significantly influenced by the acquisition of Premier Financial Corp. (PFC), completed on February 28, 2025. Interest income increased by $446.3 million, or 54.1%, to $1.3 billion, while net interest income rose by $336.1 million, or 70.3%, compared to 2024. Non-interest income also saw a boost, increasing by $38.8 million, or 30.3%, driven by higher service charges on deposits, digital banking income, and trust fees. However, non-interest expense, excluding restructuring and merger-related costs, increased by $153.2 million, or 38.7%, primarily due to the addition of PFC's expense base.

Key operational developments included an increase in total assets to $27.7 billion as of December 31, 2025, a 48.2% increase from the previous year, largely due to the PFC acquisition. Total portfolio loans also increased by 51.9% to $19.2 billion, while total deposits grew by 53.3% to $21.7 billion. The market value of assets under management in the trust and investment services segment was approximately $7.9 billion as of December 31, 2025. The company employed 2,969 full-time equivalent employees as of December 31, 2025.

Wesbanco's regulatory capital ratios remained strong, with a Tier 1 leverage ratio of 9.42%, a Tier 1 risk-based capital ratio of 11.42%, a total risk-based capital ratio of 13.92%, and a common equity Tier 1 capital ratio of 10.37% as of December 31, 2025. The company's Board of Directors increased the quarterly dividend to $0.38 per share in the fourth quarter of 2025. The company also has an active stock repurchase plan, with 911,118 shares remaining for repurchase as of December 31, 2025.