WesBanco, Inc. reported a significant increase in its financial performance for the second quarter of 2026, with net income available to common shareholders reaching $88.4 million, or $0.91 per diluted share, compared to $54.9 million, or $0.57 per diluted share, in the same period last year. For the first half of 2026, net income totaled $172.8 million, translating to $1.79 per diluted share, a substantial rise from $43.4 million, or $0.50 per diluted share, in the first half of 2025. The increase in earnings was attributed to higher net interest income and non-interest income, alongside a decrease in restructuring and merger-related expenses.
Total assets for WesBanco increased slightly to $27.8 billion as of June 30, 2026, up from $27.7 billion at the end of 2025. The growth was primarily driven by an increase in commercial loans, which rose to $19.5 billion, reflecting a 1.3% increase from the previous period. The company’s total deposits decreased by 0.4% to $21.6 billion, with notable increases in savings deposits and interest-bearing demand deposits, while certificates of deposit saw a significant decline of 9.9%. The overall loan portfolio showed a diverse composition, with commercial real estate loans making up 56.7% of total loans.
WesBanco's non-interest income also saw a notable increase, rising by 22% to $53.6 million in the second quarter of 2026, driven by higher service charges on deposits, net swap fee income, and gains on other real estate owned. The company reported a significant gain of $4.8 million related to the freezing of future service for participants in its pension plan. However, mortgage banking income decreased by 55.4% year-over-year, primarily due to a decline in fair value adjustments on mortgage derivatives.
The provision for credit losses increased to $9.2 million in the second quarter of 2026, up from $3.2 million in the same quarter of 2025, reflecting loan growth and changes in macroeconomic conditions. Non-performing loans rose to 0.75% of total portfolio loans, up from 0.45% a year earlier, indicating a need for ongoing monitoring of credit quality. The allowance for credit losses stood at $225.5 million, representing 1.12% of total portfolio loans, slightly down from 1.14% at the end of 2025.
Looking ahead, WesBanco remains focused on managing its balance sheet and capital resources effectively. The company has maintained a strong capital position, with total shareholders' equity increasing to $4.1 billion, up 1.9% from the previous period. WesBanco's management is committed to enhancing its internal controls and addressing previously identified weaknesses, ensuring compliance with regulatory standards while continuing to pursue growth opportunities across its multi-state operations.
About WESBANCO INC
Wesbanco, Inc. is a bank holding company providing retail, corporate, trust, and investment banking services through Wesbanco Bank and subsidiaries. It operates 181 branches across several states, managing assets of approximately $18.7 billion. The company offers financial products, community development initiatives, and investment services, emphasizing customer service, community engagement, and regulatory compliance within the banking and financial services sectors.
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