Catherine Mealor

Daniel Tamayo

David Bishop

Karl Shepard

Manuel Navas

Russell Gunther

Andrew Liesch

- Wesbanco, Inc. (WSBC) completed a public offering of **9,200,000 depositary shares** on **September 17, 2025**.  **[203596_0001193125-25-206133_d862034d8k.htm:1]** **[203596_0001193125-25-206133_d862034d8k.htm:3]** 
- Each depositary share represents **1/40th of a share of 7.375% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series B**, with a liquidation preference of **$25.00 per depositary share** (equivalent to **$1,000.00 per preferred share**).  **[203596_0001193125-25-206133_d862034dex52.htm:0]** **[203596_0001193125-25-206133_d862034dex51.htm:0]** **[203596_0001193125-25-206133_d862034d8k.htm:1]** 
- The Series B Preferred Stock ranks **senior to the company's common stock** and on **parity with its 6.75% Fixed-Rate Reset Non-Cumulative Perpetual Series A Preferred Stock** regarding dividend rights and liquidation.  **[203596_0001193125-25-206133_d862034d8k.htm:1]** **[203596_0001193125-25-206133_d862034dex31.htm:4]** 
- Dividends on the Series B Preferred Stock are **non-cumulative** and accrue at a rate of **7.375% per annum** on the liquidation preference until the First Reset Date.  **[203596_0001193125-25-206133_d862034dex31.htm:5]** **[203596_0001193125-25-206133_d862034dex31.htm:6]** 
- The company filed Articles of Amendment on **September 15, 2025**, establishing the terms for the Series B Preferred Stock, with **230,000 initially authorized shares** of Series B Preferred Stock.  **[203596_0001193125-25-206133_d862034d8k.htm:1]** **[203596_0001193125-25-206133_d862034d8k.htm:2]**

Wesbanco Completes Public Offering of Series B Preferred Stock

- Wesbanco has priced an underwritten public offering of **9,200,000 depositary shares**, each representing a 1/40th interest in a share of **7.375% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series B**.  **[203596_0001193125-25-202171_d38492dex991.htm:0]** 
- The offering, totaling **$230 million**, is expected to close on or about **September 17, 2025**.  **[203596_0001193125-25-202171_d38492dex991.htm:0]** 
- Approximately **$150 million** of the net proceeds will be used to redeem outstanding 6.75% Series A Preferred Stock, and **$50 million** will redeem 4.0% Fixed-To-Floating Rate Subordinated Notes due September 30, 2030.  **[203596_0001193125-25-202171_d38492dex991.htm:0]** 
- The remaining net proceeds are designated for general corporate purposes, which may include repayment of indebtedness, capital expenditures, contributions to Wesbanco Bank, funding acquisitions, and working capital.  **[203596_0001193125-25-202171_d38492dex991.htm:0]**

Wesbanco Announces Pricing of $230 Million Preferred Stock Offering

- Wesbanco, Inc. has priced an underwritten public offering of **9,200,000 depositary shares**, each representing a 1/40th interest in **7.375% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series B**, with a liquidation preference of **$1,000 per share** (equivalent to **$25 per depositary share**).  **[203596_20250910NE71147:0]**  The offering is expected to close on or about **September 17, 2025**.  **[203596_20250910NE71147:0]** 
- Wesbanco intends to use approximately **$150 million** of the net proceeds to redeem its outstanding 6.75% Series A Preferred Stock and **$50 million** to redeem its 4.0% Fixed-To-Floating Rate Subordinated Notes due September 30, 2030.  **[203596_20250910NE71147:0]**  The remaining net proceeds will be used for general corporate purposes.  **[203596_20250910NE71147:0]** 
- Dividends on the Series B Preferred Stock will accrue and be payable quarterly, in arrears, at a rate of **7.375% per annum** until October 1, 2030, and then at a rate equal to the five-year treasury rate plus **3.795%**.  **[203596_20250910NE71147:0]**  Wesbanco intends to list the depositary shares on The Nasdaq Global Select Market under the symbol **"WSBCPB"**.  **[203596_20250910NE71147:0]**

Wesbanco Announces Pricing of Preferred Stock Offering

- Wesbanco, Inc. reported **Q2 2025** financial highlights, including **$87.3 million** in net income available to common shareholders and **$0.91/share** diluted EPS.  **[203596_0000950170-25-112351_wsbc-ex99_1.htm:8]**  The net interest margin (NIM) improved to **3.59%**, up **24 basis points quarter-over-quarter** and **64 basis points year-over-year**.  **[203596_0000950170-25-112351_wsbc-ex99_1.htm:8]** 
- Total loans increased **53.6% year-over-year** to **$18.8 billion**, and total deposits increased **57.5% year-over-year** to **$21.2 billion**, primarily due to the Premier Financial Corp. (PFC) acquisition, which closed in **February 2025**.  **[203596_0000950170-25-112351_wsbc-ex99_1.htm:6]** **[203596_0000950170-25-112351_wsbc-ex99_1.htm:8]** 
- The company's efficiency ratio improved to **55.5%**, and wealth management assets under management reached a record **$7.2 billion** for Trust & Investment Services and **$2.6 billion** for broker-dealer securities account values.  **[203596_0000950170-25-112351_wsbc-ex99_1.htm:8]**

WESBANCO (WSBC)