WHEELING, W.Va. –  WesBanco on Tuesday reported net income available to common shareholders of $84.4 million in the first quarter of 2026.

The net income compares with a loss of $11.5 million in the first quarter of 2025, the same quarter WesBanco withstood the impact of credit losses and other expenses related to the Premier Financial Corp. acquisition Feb. 28, 2025.

Diluted earnings per share for the first quarter of 2026 were 88 cents.

Other highlights of the first quarter include year-over-year increases in net interest margin by 22 basis points to 3.57%; an increase in total deposits by 1.8% to $21.7 billion; and an increase in total loans by 2.2%. 

WesBanco’s efficiency ratio improved nearly 4 percentage points year-over-year to 52.5%.

“Our first quarter results demonstrate sound fundamentals and the benefits of our disciplined approach to growth and expense management,” said Jeff Jackson, president and CEO of WesBanco. “We continued to drive organic loan and deposit growth, improved our net interest margin and efficiency ratio year-over-year and exceeded our year-one financial targets for the Premier acquisition – underscoring the strength of our operating model and our ability to deliver on strategic commitments. During the quarter, we took additional steps to position the company for long-term success – expanding our commercial banking presence to high-growth South Florida markets and further optimizing our financial center network to align with customer behavior and drive operating efficiency. We remain focused on disciplined investment and execution to deliver consistent, sustainable value for our shareholders.”

Total assets increased by 0.3% in the past year to $27.5 billion. The total portfolio loans were at $19.1 billion and total securities were at $4.4 billion at the end of the first quarter.

Noninterest income was at $41.8 million, an increase of 20.7% from a year ago, and noninterest expenses, excluding restructuring and merger related costs, was $143 million, a 25.5% increase from a year ago, when only one month of the post-merger expenses were included.

The full report can be viewed HERE.