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WesBanco Inc. (Nasdaq: WSBC) is a seasoned bank holding company headquartered in Wheeling, West Virginia. WesBanco has built a distinguished reputation over the past decade for being a secure, sound, and profitable organization.
WesBanco operates primarily through its subsidiary, WesBanco Bank, Inc., which runs over 190 financial centers across six states, including Indiana, Kentucky, Maryland, Ohio, Pennsylvania, and West Virginia. The company offers a comprehensive range of financial services, encompassing retail and corporate banking, personal and corporate trust services, brokerage services, mortgage banking, and insurance. WesBanco's services are designed to meet the diverse needs of individuals, businesses, and communities.
One of WesBanco's key strengths lies in its dual focus on technology and personal customer service. By leveraging advanced technology and maintaining a community bank orientation, WesBanco ensures efficient and effective service delivery. The company’s banking operations are divided into two main segments: community banking and trust and investment services.
In the realm of financial stability, WesBanco has demonstrated solid performance. For instance, as of the end of 2023, the company reported total portfolio loans of $11.6 billion, an 8.7% year-over-year increase. They also maintained a robust net interest margin, despite industry challenges such as rising federal fund rates.
WesBanco’s leadership team has also seen recent changes, with Jeffrey H. Jackson assuming the role of President and Chief Executive Officer as of August 1, 2023. Jackson's leadership is expected to build on the firm foundation laid by his predecessor, focusing on further growth and innovation.
WesBanco is also committed to maintaining strong capital levels and credit quality, ensuring a secure financial environment for its stakeholders. The company’s distinct long-term growth strategies and sustainable competitive advantages enable it to serve its markets effectively.
For more information, visit www.wesbanco.com and follow WesBanco on Facebook, LinkedIn, and X, formerly known as Twitter.
WesBanco, Inc. (WSBC) will host a conference call on October 27, 2021, at 10:00 a.m. ET to discuss its third-quarter financial results. The results are set for release after market close on October 26, 2021. The call will feature key executives including President Todd F. Clossin and CFO Robert H. Young. Interested parties can access the call via the company's website or by phone. A replay will also be available starting at 12:00 p.m. ET on October 27, ending on November 10, 2021.
WesBanco, Inc. (Nasdaq:WSBC) announced that key executives will participate in the 11th Annual Stephens Bank Forum on September 22, 2021. The team includes Todd F. Clossin, President and CEO; Robert H. Young, CFO; and Daniel K. Weiss, Jr., Chief Accounting Officer. The event will not feature a formal presentation or webcast. WesBanco, founded in 1870, is a diversified financial services company operating 206 financial centers across six states and managing approximately $5.5 billion in assets.
WesBanco, Inc. (Nasdaq: WSBC) announced the retirement of Chief Financial Officer Robert H. Young, effective December 31, 2021. Daniel K. Weiss, Jr. will take over as CFO. Young has played a critical role in the company's growth, overseeing its transformation from $2 billion in assets to $17 billion through nine mergers. Weiss, who has been with WesBanco since 2008, has served as Senior Vice President and Chief Accounting Officer. Young will assist with the transition in a consulting capacity for six months post-retirement.
WesBanco, Inc. (NASDAQ: WSBC) announced participation in the Raymond James U.S. Bank Virtual Conference on September 8-9, 2021. CEO Todd F. Clossin and CFO Robert H. Young will be present; however, no formal presentation or webcast will be available. Founded in 1870, WesBanco operates 206 financial centers across six states, offering a range of banking and financial services, including trust and investment services with approximately $5.5 billion in assets under management as of June 30, 2021.
WesBanco reported strong financial results for Q2 2021, with net income of $68.1 million and diluted EPS of $1.01, a significant increase from $4.5 million and $0.07 per share in Q2 2020. For the six months, net income reached $138.6 million or $2.06 per share, up from $27.9 million or $0.41. Deposit growth was 14.0% year-over-year, while trust assets rose 22.2%. However, total loans decreased 6.5% due to the forgiveness of SBA PPP loans.
WesBanco, Inc. (Nasdaq:WSBC) announced a quarterly cash dividend of $0.421875 per depositary share on its 6.75% Non-Cumulative Perpetual Preferred Stock, Series A. This dividend covers the period from May 15, 2021 to August 15, 2021, and is payable on August 16, 2021 to shareholders of record as of August 2, 2021. This marks a continual return to shareholders, reinforcing WesBanco's commitment to delivering value.
WesBanco, Inc. (Nasdaq: WSBC) announces a conference call on July 28, 2021, at 10:00 a.m. ET to discuss its second-quarter financial results. The results will be released after market close on July 27, 2021.
CEO Todd F. Clossin and CFO Robert H. Young will lead the discussion, accessible via a live webcast or by phone. The replay will begin at noon ET on July 28 and will be available until August 11, 2021. WesBanco, founded in 1870, is a diversified financial services company with significant market share across six states.
WesBanco, Inc. (Nasdaq:WSBC) has declared a quarterly cash dividend of $0.33 per share, payable on July 1, 2021. Shareholders of record as of June 11, 2021 will receive this dividend, representing an annualized rate of $1.32 per share. The announcement reflects the company's commitment to delivering consistent returns to its shareholders amidst its diversified financial services across six states, emphasizing both community involvement and sustainable growth.
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