WesBanco reports material weakness in Premier acquisition controls; Q1 profit rebounds

Filed April 30, 2026 · Period ending March 31, 2026 · Compared to 10-Q May 8, 2025 · ~1 min read

Key Changes

• high

  Management disclosed material weakness in controls over fair value accounting for Premier Financial acquisition, concluding disclosure controls are now ineffective. No restatement required; remediation underway with third-party advisors.

  Controls & Procedures verify on EDGAR →
• high

  Q1 2026 net income $84.4M vs. Q1 2025 net loss $11.5M; prior-year loss driven by $59.4M day-one provision on Premier acquisition. Adjusted earnings up 38% year-over-year to $87.3M.

  MD&A: Earnings verify on EDGAR →
• high

  Net interest margin expanded to 3.55% from 3.32%, driven by 28-basis-point decline in funding costs and full quarter of Premier operations. Net interest income up $56.9M (35.9%) year-over-year.

  MD&A: Net Interest Income verify on EDGAR →