WesBanco, Inc.

Good day and welcome to the West Bank Go Second Quarter 2025 Earnings Conference Call. All participants will be in listen-only mode. Should you need assistance, please send your conference specialist by pressing the star key followed by zero. After today's presentation, there will be an opportunity to ask questions. To ask a question, you may press star then one on your telephone keypad. To withdraw your question, please press star then two. Please note, this event is being recorded. Now, let's turn the conference over to your host today, John Iannone. Sir, please go ahead.

Thank you. Good morning, and welcome to WestBanco, Inc.' 's second quarter 2025 earnings conference call. Leading the call today are Jeff Jackson, President and Chief Executive Officer, and Dan Weiss, Senior Executive Vice President and Chief Financial Officer. Today's call an archive of which will be available on our website for one year, contains forward-looking information. Cautionary statements about this information and reconciliations of non-GAAP measures are included in our earnings-related materials issued yesterday afternoon, as well as our other SEC filings and investor materials. These materials are available on the investor relations section of our website, westbanco.com. All statements speak only as of July 30th, 2025, and WestBanco undertakes no obligation to update them. I would now like to turn the call over to Jeff. Jeff?

Thanks, John, and good morning. On today's call, we will provide an overview on the integration of Premier Financial and our strong second quarter results, as well as provide an update on our outlook for 2025. Key takeaways from the call today are earnings per share of 91 cents when excluding merger-related charges, which was highlighted by a net interest margin of 3.59% and year-over-year fee income growth of 40%. Solid organic loan growth and a foundation for loan and deposit growth during the second half of the year. Successful customer data systems conversion of Premier Financial. I'm excited that our second quarter results demonstrate the success of our acquisition of Premier and strong operational performance. 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. For the quarter ending June 30th, 2025, we reported net income excluding merger and restructuring expenses of 87.3 million and diluted earnings per share of 91 cents, an increase of 86% year over year. On a similar basis, our second quarter returns on average assets and tangible equity improved to 1.3% and 17% respectively. Our net interest margin improved meaningfully to 3.59% due to the benefits of the premier acquisition and our continued focus on loan growth and strengthening our balance sheet. Our efficiency ratio improved 10% each points year over year to 55.5% when combined with our achievement of our planned acquisition cost saves. Further, we realized strong growth in fee revenue of 40% year-over-year, driven by the acquisition and organic growth. These are just a few proof points of our strategic positioning for sustainable long-term growth. This quarter's key story was the successful conversion of the customer data systems of Premier Bank and the Trust Department. During May, we transitioned approximately 400,000 consumer and 50,000 business relationships, along with the branding and operations of approximately 70 financial centers from Premier to West Banco. This seamless integration was the direct result of the strong collaboration of all our employees working to ensure exceptional service for our customers. We are excited by the customer reception and retention to date and are focused on building even stronger relationships with our newest customers, businesses, and communities. Reflecting the premier acquisition, market appreciation, and organic growth, our trust and securities brokerage business has grown into a $10 billion investment business based on assets under management and securities account values. Combined with our larger customer base, and new treasury management products and services, fee income totaled $44 million during the second quarter, an increase of 40% year over year. Our focus is to grow fee income as a percentage of total revenue over the near term as we offer our products and services to our newest markets. The strength of our strategies and teams are reflected in our performance. with total commercial loan growth and organic deposit growth continuing to significantly outperform the monthly H-8 data for all domestically chartered commercial banks. For the second quarter, total deposits organically increased more than 800 million year-over-year, or 6%, fully funding organic loan growth. Importantly, this growth was driven by deposit categories other than Certificate of Deposits. as organic deposit growth excluding CDs was more than 5% year-over-year. While we did experience a decline in deposits quarter-over-quarter due to normal seasonality and the intentional runoff of higher-cost CDs and less reliance on premier public funds, we continue to expect to find full-year loan growth with deposits. Second quarter organic loan growth was 6% year-over-year and 3% quarter-over-quarter annualized, driven by the strength of all of our markets. Further, total commercial loans organically increased 7% year-over-year and 4% annualized sequentially. Our commercial loan pipeline as of June 30th was approximately $1.3 billion, with roughly 30% attributable to our new markets and loan production offices. In the three weeks since quarter end, the commercial pipeline has grown approximately 5%. Based on the current pipeline, we still expect mid-single-digit loan growth during 2025. Recently, a cross-market team from our legacy Columbus and New Toledo markets masterfully supported a shared CNI client throughout the customer data system conversion through a strong partnership to deliver an exceptional customer experience. The team created a plan that ensured a seamless transition for this critical client and worked tirelessly across business lines and geographies to not only retain, but also grow the relationship, securing an additional $10 million deal in Columbus and an additional $25 million deal in Toledo. This is a great example of the strong collaboration across our teams to support our customers and communities. we remain committed to making strategic investments in support of long-term growth. We have recently hired a strong, seasoned team of commercial bankers experienced in the healthcare industry to expand our presence in this attractive sector and bring tailored solutions to meet the unique needs of the healthcare clients. The team has already had some early success, and while still in the early stages, we are excited about the potential opportunities they will bring. In addition, we have continued to expand our loan production office strategy into two new markets with strong demographics and growth potential, Knoxville and Northern Virginia. In Knoxville, we hired a couple of experienced bankers with a long history in the market and plan to make additional hires this year to build out that team. In fact, they have already added potential deals to our most recent commercial pipelines. Our goal over the next several years is to develop this LPO into a strong, sustainable operation like we did in Chattanooga with the support of additional top tier talent. We also have expanded our presence in Northern Virginia with a commercial LPO that complements our existing residential mortgage LPO and existing presence in the Mid-Atlantic region. We again hired an industry veteran with deep ties to the region to lead this team. and grow our opportunities in this economically vibrant market. I would now like to turn the call over to Dan Weiss, our CFO, for details on our second quarter financial results and our current outlook for 2025.