Company: WSBC
Filing Date: 2025-01-22
Form Type: 425
Source: 0000950170-25-007807
Chunk: 20

Company: WESBANCO INC
Filing Date: 2025-01-22
Form: 425
Chunk 20
---
% of assets, down 97 basis points year-over-year Note: weighted average yields have been calculated on a taxable-equivalent basis using the federal statutory rate of 21%; after-tax unrealized losses have been calculated using the Other Comprehensive Income (“OCI”) tax rate of ~24% (1) Non-GAAP measure – please see reconciliation in appendix Q4 2024 Total Securities ©2025 WesBanco Inc. | All rights reserved

Fixed 23% <3 Months 50% 48 to 60 Months 24% Other 3% 4Q2024 Commercial Loan Repricing Frequency Loans P.A. Accretion Other Int.-Bearing Deposits FHLB Borrowings Cash & Securities 9 NIM benefiting from loan growth and the paydown of borrowings • Q4 2024 NIM of 3.03 improved 8 basis points from the third quarter and 1 basis point from the prior year period, through a combination of higher loan and securities yields and lower funding costs • Loan yields increased 19 basis points year-over-year but declined 13 basis points quarter-over-quarter, reflecting the impact of the 100 basis points of Federal Reserve interest rate cuts, since September • Deposit funding costs, including non-interest bearing deposits, were 197 basis points, increasing 36 basis points year-over-year but decreasing 8 basis points sequentially • Paid down Federal Home Loan Bank borrowings by $175 million from 9/30/2024, which was funded by deposit growth exceeding loan growth during the fourth quarter ▪ FHLB borrowings are down approximately $0.5 billion since 6/30/2024 Q4 2024 Net Interest Margin (NIM) ©2025 WesBanco Inc. | All rights reserved

Quarter Ending % H / (L) % H / (L) ($000s) 12/31/24 12/31/23 09/30/24 Trust fees $7,775 10.8% 3.4% Service charges on deposits 8,138 16.4% 2.4% Digital banking income 5,125 4.8% 0.8% Net swap fee & valuation (loss)/income 3,230 nm nm Net securities brokerage revenue 2,430 (5.2%) (8.6%) Bank-owned life insurance 2,512 (27.3%) 15.6% Mortgage banking income 1,229 89.1% (4