Company: WSBC
Filing Date: 2025-02-10
Form Type: 425
Source: 0000950170-25-017126
Chunk: 16

Company: WESBANCO INC
Filing Date: 2025-02-10
Form: 425
Chunk 16
---
clusions 32.7% After Exclusions 21.8% Total Demand Deposits Savings & Money Markets CDs Total Demand Deposits Savings & Money Markets CDs ($MM) 21 Strong deposit growth fully funded strong loan growth Note: “uninsured deposits” are approximated; “collateralized municipal deposits” are collateralized by securities • Deposits of $14.1 billion were up 7.3% year-over-year and 8.6% annualized quarter-over-quarter, reflecting the success of our summer deposit gathering and retention campaign ▪ When excluding CDs, total deposits increased 3.9% year-over-year and 7.7% quarter-over-quarter annualized ▪ Strong sequential quarter deposit growth of $233 million (excluding CD growth) fully funded solid loan growth of $205 million • Distribution: consumer ~54% and business ~33% (note: public funds, which are separately collateralized, ~13%) • The composition of total deposits has stabilized as total demand deposits represented 54% of total deposits, with the non-interest bearing component representing 27%, throughout the year • Average loans to average deposits were 89.2%, providing continued capacity to fund loan growth Q4 2024 Total Deposits ©2025 WesBanco, Inc. | All rights reserved

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) Fixed 23% <3 Months 50% 3 to 24 Months 1% 24 to 48 Months 1% 48 to 60 Months 24% >60 Months 1% 4Q202