Company: WSBC
Filing Date: 2025-02-10
Form Type: 425
Source: 0000950170-25-017126
Chunk: 18

Company: WESBANCO INC
Filing Date: 2025-02-10
Form: 425
Chunk 18
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% 1.7% Employee benefits 11,856 3.9% 2.9% Net occupancy 5,999 (6.5%) (3.6%) Equipment and software 10,681 10.7% 5.2% Marketing 2,531 (14.9%) (15.0%) FDIC insurance 3,640 8.0% 1.0% Amortization of intangible assets 2,034 (9.3%) (0.9%) Other operating expenses 18,079 (1.1%) 1.7% Sub-total non-interest expense $100,458 1.0% 1.3% Restructuring & merger-related 646 na (67.3%) Total non-interest expense $101,104 1.6% (0.1%) Focused on efficiency gains to support positive operating leverage Q4 2024 Non-Interest Expense • Non-interest expense, excluding merger and restructuring charges, increased just 1% year-over-year, reflecting company-wide efficiency efforts ▪ The year-over-year increase was primarily due to equipment and software expense • Equipment and software expense increased year-over-year due to the impact of the prior year ATM upgrades, which were phased in throughout the prior year • FDIC insurance increased due to an increase in the minimum rate for all banks • Salaries and wages increased primarily due to mid-year merit increases offset somewhat by lower full-time equivalent employees 24 ©2025 WesBanco, Inc. | All rights reserved

2.16% 2.09% 2.11% 2.20% 2.15% 2.31% 2.09% 2.14% 2.23% 2.25% 2020 2021 2022 2023 2024 WSBC $10-25B Banks 25 Comparable operating measures to peer bank group Note: historical data as of 12/31 YTD; current data as of 12/31/2024 YTD; peer bank group includes all U.S. banks with total assets of $10B to $25B from S&P Capital IQ (as of 2/3/2025 and represent simple averages; NIM (fully taxable-equivalent (FTE) and annualized basis) and non-interest expense (does not exclude restructuring & merger-related expenses) are company reported; other figures are S&P calculations); 2020 and 2021