WSBC Q2 EPS +60% to $0.91; material weakness in Premier acquisition fair value controls

Filed July 30, 2026 · Period ending June 30, 2026 · Compared to 10-Q Aug 7, 2025 · ~2 min read

Key Changes

• high

  Management identified a material weakness in controls over fair value estimates for the Premier Financial acquisition, concluding disclosure controls are now ineffective. No restatement required; remediation underway with third-party assistance.

  Controls & Procedures verify on EDGAR →
• high

  Non-performing loans rose to 0.75% of portfolio (from 0.45% prior year), driven by three CRE loans across different markets and property types. Criticized/classified loans increased to 3.74% from 3.63%.

  MD&A: Asset Quality verify on EDGAR →
• high

  Net interest margin expanded 4 basis points to 3.63% as deposit funding costs fell 11 basis points to 2.35%, offsetting lower purchase accounting accretion from the Premier acquisition.

  MD&A: Net Interest Income verify on EDGAR →