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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 (Nasdaq: WSBC) has announced a quarterly cash dividend on its 6.75% Non-Cumulative Perpetual Preferred Stock, Series A (Nasdaq: WSBCP). The dividend is $0.421875 per depositary share or $16.875 per share of Series A Preferred Stock. This dividend covers the period from May 15, 2024, to August 15, 2024, and will be payable on August 15, 2024, to shareholders on record as of August 1, 2024.
Founded in 1870, WesBanco spans six states, operating more than 190 financial centers and offering a wide range of banking, trust, and investment services. As of March 31, 2024, it manages approximately $5.6 billion in assets.
WesBanco (Nasdaq: WSBC) has appointed Patrick O'Malley as the Charleston/Huntington/Southeast Ohio Market President and Senior Commercial Banker. O'Malley, previously Market President for Truist bank's West Virginia region, brings nearly 20 years of banking experience. He will focus on driving commercial lending performance and optimizing local market opportunities across various business lines including Retail and Wealth Management. O'Malley holds degrees from the University of Richmond and West Virginia University. WesBanco operates over 190 financial centers across six states and manages approximately $5.6 billion in assets.
WesBanco (Nasdaq: WSBC) announced a quarterly cash dividend of $0.36 per share, payable on July 1, 2024, to shareholders of record as of June 7, 2024. This equates to an annualized dividend rate of $1.44 per common share. Founded in 1870, WesBanco is a diversified financial services company operating over 190 financial centers across six states. The company offers a wide range of banking, trust, wealth management, and insurance services, with approximately $5.6 billion in assets under management as of March 31, 2024.
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