Q1 2025 WesBanco Inc Earnings Call Transcript
Key Points
- Successful completion of the acquisition of Premier Financial, elevating Wesbanco Inc (WSBC) into the Top 100 largest US banks by asset size.
- Improved net interest margin to 3.35%, with expectations to exceed 3.50% in the second quarter.
- Strong organic loan growth of 8% year over year, fully funded by organic deposit growth.
- Net income excluding merger and restructuring expenses increased by 54% year over year.
- Continued strong performance in commercial loan growth, with a pipeline of approximately $1.4 billion.
- Reported GAAP net income available to common shareholders was negative $11.5 million due to merger-related expenses.
- Increased non-interest expense by 17.2% year over year due to the addition of Premier's expense base.
- Provision for credit losses was $69 million, with $59 million related to the day one non-PCD provision.
- Potential impacts from trade negotiations and tariffs remain unclear, posing a risk to certain customer segments.
- Higher amortization of intangible assets expected to increase expenses in the coming quarters.
Good morning everyone and welcome to the WesBanco Inc of first quarter 2025 earnings conference call.
All participants will be in a listen-only mode. Should you need assistance, please send to a conference specialist by pressing the star key followed by 0.
After today's presentation, there will be an opportunity to ask questions. To ask a question you may press star and then 1, to withdraw your questions, you may press star and 2.
Please also note, today's event is being recorded.
I would now like to turn the conference call over to John Iannone, Senior Vice President, Investor Relations. Please go ahead.
Thank you. Good morning and welcome to WesBanco Inc first quarter 2025 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
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