WHEELING, W.Va. – WesBanco on Wednesday reported net income of $81 million, with diluted earnings per share of 84 cents, in the third quarter, more than double the net income of a year ago.

For the first nine months of 2025, WesBanco’s net income has been $124.4 million, or $1.39 per diluted share, which is reflective of the credit losses and expenses related to acquiring Premier Financial Corp. on Feb. 28. Without restructuring and merger-related expenses, WesBanco’s earnings would have been $90 million and 94 cents per diluted share.

Total deposits increased by 53.8% year-over-year to $21.3 billion during the third quarter, which included $6.9 billion in Premier deposits and organic growth of 4.1%. Total loans increased 5% year-over-year to $18.9 billion, which included organic growth of 4.8% and $5.9 billion in loans from Premier.

Commercial real estate payoffs have totaled $490 million year-to-date and $235 million during the quarter.

“Our third quarter results demonstrate the successful integration of Premier and continued operational discipline,” said Jeff Jackson, president and CEO of WesBanco. “Despite elevated commercial real estate payoffs, we delivered strong growth, fully funded by deposit growth, while meaningfully expanding our net interest margin and fee income. Combined with our focus on cost control, these efforts drove positive operating leverage and an improved efficiency ratio in the mid-50s. Consistent with our focus on operational efficiency and our commitment to supporting evolving customer banking preferences, we are continuing a strategic optimization of our financial center network. This optimization ensures we remain responsive to how customers choose to bank, while supporting long-term growth and value creation.”

Other highlights include:

  • Net interest margin of 3.53% increased 58 basis points year-over-year.
  •  WesBanco Trust and Investment Services assets under management increased to a record $7.7 billion.
  • An efficiency ratio of 55.1% improved more than 10 percentage points year-over-year and 44 basis points.

WesBanco, which trades on Nasdaq under the symbol WSBC, has approved the closure of 27 locations in early 2026, pending notification to appropriate regulatory authorities and customers, as part of a commitment to expense management and recognizing the market shift to digital delivery channels.

The complete report can be found HERE.