WesBanco Reports Q1 2025 Results Amid PFC Acquisition

WesBanco ( (WSBC) ) has released its Q1 earnings. Here is a breakdown of the information WesBanco presented to its investors.

WesBanco Inc., a diversified multi-state bank holding company, offers a wide range of financial services including retail and commercial banking, trust, brokerage, wealth management, and insurance services across an eight-state footprint. Headquartered in Wheeling, West Virginia, WesBanco aims to empower customers in their financial journeys with a blend of large bank capabilities and local focus.

In the first quarter of 2025, WesBanco reported a net loss of $11.5 million, or $(0.15) per share, primarily due to the acquisition-related credit loss provisions and expenses. However, excluding these one-time costs, the adjusted net income was $51.2 million, or $0.66 per share, reflecting a significant improvement from the previous year.

Key financial highlights include a successful acquisition of Premier Financial Corp. (PFC), which contributed to a 57.3% increase in total loans and a 57.8% rise in total deposits year-over-year. The net interest margin improved to 3.35%, aided by the PFC acquisition, while the efficiency ratio improved to 58.6%. Despite the initial loss, the acquisition is expected to enhance long-term growth and profitability.

WesBanco’s balance sheet showed a robust 54.2% increase in total assets, reaching $27.4 billion, with significant growth in both loans and deposits. The company maintained strong regulatory capital ratios, ensuring a well-capitalized status. Credit quality metrics remained favorable, with low levels of non-performing assets and past due loans.

Looking ahead, WesBanco’s management is optimistic about the integration of PFC and the potential for continued growth. The focus will remain on enhancing operational efficiency, expanding market presence, and delivering value to stakeholders through strategic initiatives and disciplined financial management.