WesBanco reported assets of $27.8 billion at June 30, 2026, up from the $19.2 billion loan base used in its 2025 outlook and supported by $21.6 billion of deposits and $19.5 billion of loans.
The bank said it generated $1.3 billion of loan growth organically over the last 24 months and has posted a 7.7% loan growth CAGR since Dec. 31, 2021. Its wealth assets under management reached $10.9 billion.
On funding, deposits totaled $21.6 billion, with total deposit funding cost at 1.78%. WesBanco said 94% of total funding came from deposits, compared with 87% for the industry. Average loan-to-deposit ratio stood at 89%.
Fee-related businesses also showed growth. Trust assets have grown at a 4% CAGR since 2001, securities brokerage at 17% since 2021, and private client at 31% since 2013. Treasury and wealth businesses were described as capital-light growth levers.
The company said its commercial banking platform has driven 8% loan growth CAGR, while its commercial loan pipeline reached about $2.3 billion as of July 15, 2026, up from $1.2 billion at Dec. 31, 2025.
In Florida, WesBanco said it has added about 30 experienced bankers and built a roughly $230 million commercial loan pipeline. It said the Florida franchise could become a $2 billion bank within a couple of years.
Branch rationalization continued to affect the network. WesBanco said it has closed more than 100 financial centers since 2019, including 37 closures in January and May 2026, producing $8 million in annual savings. Average deposits per branch are up more than 50% since Dec. 31, 2021.
Digital usage also increased, with about 80% of retail customers using digital channels and an average of 7.7 million logins per month.
Expense efficiency improved as well. The company reported a year-to-date efficiency ratio of 51.8%.
Capital remained strong, with the company saying its CET1 ratio exceeded well-capitalized standards and that tangible book value accretion was about $0.75 per share, which it equates to more than $5 of annual stock price appreciation at a 1.9x price-to-tangible-book multiple.
For 2026, WesBanco said it expects loans to grow in the mid-single digits, commercial real estate payoffs to run $700 million to $900 million, net interest margin to move into a 3.60% range in the second half, non-interest income to rise 3% to 5% year over year, and non-interest expense to average about $153 million per quarter in the second half. Following these announcements, the company's shares moved 0.54%, and are now trading at a price of $40.67. Check out the company's full 8-K submission here.
