WesBanco Announces Third Quarter 2025 Financial Results

Published: Wednesday, October 22, 2025 at 8:18 pm

WesBanco Reports Strong Third Quarter Results, Driven by Acquisition and Growth

WesBanco, Inc. announced its financial results for the third quarter of 2025, highlighting significant growth and strategic initiatives. The bank reported a net income of $81.0 million, with earnings per share of $0.84, a substantial increase compared to the $34.7 million and $0.54 per share reported in the same quarter of the previous year. For the nine months ended September 30, 2025, net income reached $124.4 million, or $1.39 per diluted share.

A key driver of this performance was the successful integration of Premier Financial Corp. ("PFC"), which closed on February 28th. The acquisition contributed significantly to deposit and loan growth. Total deposits increased 53.8% year-over-year to $21.3 billion, while total loans rose 52.0% to $18.9 billion. The net interest margin reached 3.53%, an increase of 58 basis points year-over-year, reflecting higher earning asset yields and lower funding costs.

WesBanco also reported a record $7.7 billion in assets under management for its Trust and Investment Services, driven by the PFC acquisition, market appreciation, and organic growth. The bank's efficiency ratio improved to 55.1%, reflecting cost synergies from the PFC acquisition and ongoing expense management efforts. The bank is also implementing a financial center optimization strategy, which includes closing 27 locations in early 2026 to adapt to evolving customer banking preferences and digital banking adoption.

BNN's Perspective: WesBanco's strong performance reflects a successful acquisition and strategic focus on growth and efficiency. While the closure of physical locations may raise concerns, the bank's commitment to digital banking and expense management suggests a proactive approach to adapting to the changing financial landscape.

Keywords: WesBanco, WSBC, financial results, earnings per share, net income, deposit growth, loan growth, net interest margin, PFC acquisition, financial center optimization, digital banking, efficiency ratio, commercial real estate, third quarter 2025, bank performance

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