WESBANCO INC

Wesbanco, Inc. announced that Michael L. Perkins, Senior Executive Vice President and Chief Risk Officer, will retire from his position effective June 30, 2026. Following his retirement, Mr. Perkins will transition to a consultant role for the company, effective July 1, 2026, under an Executive Transition and Consulting Agreement. He will provide consulting services for a monthly fee of $33,334 until June 30, 2027, and the agreement includes a non-competition covenant.

Wesbanco, Inc. announced that its Board of Directors approved a 4.0 million share increase to its existing stock repurchase program. This authorization, combined with approximately 0.9 million shares remaining from the prior program, totals 4.9 million shares available for repurchase. This represents 5.1% of the company's shares outstanding as of March 31, 2026, and the program does not have an expiration date.

Wesbanco reported strong first-quarter 2026 results, with adjusted EPS increasing 38% year-over-year to $0.91 and net interest margin expanding by 22 basis points to 3.57%. The company achieved a record commercial loan pipeline of $1.6 billion and saw total deposits grow 1.8% year-over-year. Operational efficiency improved significantly, with the efficiency ratio reaching 52.5%, and the company continues its financial center optimization strategy with 10 planned closures in May.

Wesbanco, Inc. announced the release of its financial results for the first quarter ended March 31, 2026. The company issued a press release and an earnings call presentation today, which are attached as exhibits to this report. Wesbanco will host a conference call on Wednesday, April 22, 2026, at 9:00 a.m. ET, to discuss these results, providing investors an opportunity to review the company's performance.

Wesbanco, Inc. announced the adoption of its 2026 Equity Incentive Plan by the Board of Directors on March 4, 2026, which was subsequently approved by shareholders on April 15, 2026. The plan is designed to attract and retain top talent by offering various equity-based awards, including stock options, restricted stock, and performance shares, to employees, directors, and consultants. This initiative aims to align employee incentives with the company's success.