WHEELINIG, W.Va. – WesBanco Inc. on Tuesday announced net income of $54.9 million in the second quarter and a 52.1% increase in total assets over the past year, to $27.6 billion, as the bank completed its acquisition of Premier Financial Corp.

The increase in assets, including $18.8 billion in total portfolio loans and $4.4 billion in total securities, was included in WesBanco’s second quarter financial results.

“Our second quarter results demonstrate the success of our acquisition of Premier and strong operational performance,” said Jeff Jackson, president and chief executive officer of WesBanco. “Our larger organization delivered solid sequential quarter loan growth while driving positive operating leverage. We also meaningfully improved both our net interest margin and efficiency ratio, further demonstrating our focus on operational excellence for our shareholders.”

The merger with Premier, successfully converting customer data for both the bank and the trust department, also was touted by Jackson.

“We marked another significant milestone this quarter as we successfully transitioned approximately 400,000 consumer and 50,000 business relationships, along with the branding and operations of approximately 70 financial centers from Premier to WesBanco,” Jackson said. “We are excited by the customer reception and retention and are focused on building even stronger relationships with our new customers, businesses and communities.”

Net income available to common shareholders was announced at $54.9 million, with diluted earnings per share of 57 cents, compared with $26.4 million and 44 cents per diluted share for the second quarter of 2024.

WesBanco reported net income of $43.4 million, or 50 cents per diluted share, for the first six months of 2025, which reflects the impact of day one provision for credit losses and other expenses with the acquisition.

Earnings per diluted share were reported at 91 cents in the second quarter, compared with 49 cents a year ago when excluding after-tax restructuring and merger-related expenses. WesBanco’s six-month earnings were $1.60 per diluted share, compared with $1.05 last year.

Other highlights include:

  • Total loan growth was 3.3% this quarter, including the acquisition of $5.9 billion in Premier loans and organic growth of 5.5%. Total loans increased by 53.6% year-over-year.
  • With $6.9 billion in deposits from Premier and organic growth of 6.3%, total deposits increased 57.5% year-over-year.
  • Net interest margin of 3.59% increased by 24 basis points sequentially.
  • WesBanco Trust and Investment Services increased a record $7.2 billion, and broker-dealer securities account values, including annuities, increased to a record $2.6 billion due in part to the Premier acquisition.
  • The efficiency ratio improved more than 10 percentage points from the past year to 55.5%.

The full report can be viewed HERE.