Q2 2026 WesBanco Inc Earnings Call Transcript
Key Points
- Wesbanco Inc (WSBC) reported strong sequential quarter and year-over-year loan growth, with total loans increasing 3.5% year-over-year and 8.3% annualized sequentially.
- The company achieved record loan production of nearly $2.5 billion in the first six months of the year, significantly outpacing CRE payoffs.
- Wesbanco Inc (WSBC) demonstrated strong financial performance with a return on average assets of 1.3% and a return on tangible common equity of 17.3%.
- The company's commercial pipeline reached a record $2.3 billion, increasing more than 40% from the prior quarter and 90% since year-end.
- Wesbanco Inc (WSBC) was recognized nationally as one of America's High Growth Companies by Business Insider and one of America's best companies by Time.
- The company experienced elevated CRE payoffs, totaling approximately $345 million for the second quarter, creating a 1% headwind to year-over-year growth.
- Despite strong loan growth, the loan-to-deposit ratio increased slightly to about 90%, indicating potential pressure on deposit growth.
- There was an uptick in classified and criticized loans, although management expects this to decrease by the end of the third quarter.
- Non-interest expenses increased 1.8% year-over-year and 3.6% sequentially, primarily due to higher salaries and wages from recent hiring efforts.
- The company anticipates using higher-cost wholesale funding to support loan growth, which could impact net interest margin if deposit growth does not meet expectations.
Good morning, everyone, and welcome to the WesBanco second-quarter 2026 earnings conference call. (Operator Instructions) Please also note, today's event is being recorded.
At this time, I'd like to turn the conference call over to John Iannone, Senior Vice President of Investor Relations. Please go ahead.
Thank you. Good morning, and welcome to WesBanco Inc's second-quarter 2026 earnings conference call. Leading the call today are Jeff Jackson, President and Chief Executive Officer; and Dan Weiss, Senior Executive Vice President and Chief Financial Officer.
Today's call, an archive of which will be available on our website for one year takes forward-looking information. Cautionary statements about this information and reconciliation of non-GAAP measures are included in our earnings related materials issued yesterday afternoon as well as our other SEC filings and investor materials. These materials are available on the Investor Relations section of our website, wesbanco
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