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WesBanco Inc - WSBC STOCK NEWS

Welcome to our dedicated page for WesBanco news (Ticker: WSBC), a resource for investors and traders seeking the latest updates and insights on WesBanco stock.

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.

News

WesBanco Again Named One of America's Best Banks by Forbes

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WesBanco, Inc. (Nasdaq: WSBC) has been named one of America's Best Banks by Forbes for the 14th time, based on 10 key financial metrics for the 2023 calendar year. The recognition highlights WesBanco's commitment to exceptional customer experiences, sustainable growth strategies, and credit quality. The bank's strong financial position and stock performance have earned the trust and confidence of customers, communities, and shareholders.
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WesBanco, Inc. to Host 2024 First Quarter Earnings Conference Call and Webcast on Wednesday, April 24th

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WesBanco, Inc. (WSBC) will host a conference call to review financial results for Q1 2024. The call will be led by Jeffrey H. Jackson, President, and CEO, and Daniel K. Weiss, Jr., CFO. Results will be released on April 23, 2024, with the call scheduled for April 24, 2024. Interested parties can access the webcast or dial in to listen.
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WesBanco Declares Quarterly Cash Dividend to Its Shareholders

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WesBanco, Inc. (WSBC) declares a quarterly cash dividend of $0.36 per share, with an annualized rate of $1.44 per common share. Shareholders of record on March 8, 2024, will receive the dividend on April 1, 2024.
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WesBanco Declares Quarterly Cash Dividend upon Its Perpetual Preferred Stock

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WesBanco, Inc. (Nasdaq:WSBC) has declared a quarterly cash dividend on its 6.75% Non-Cumulative Perpetual Preferred Stock, Series A. The cash dividend equates to $0.421875 per depositary share, or $16.875 per share outstanding, payable on February 15, 2024 to shareholders of record on February 5, 2024.
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WesBanco Announces Fourth Quarter 2023 Financial Results

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WesBanco, Inc. announced net income and earnings per share for the three and twelve months ended December 31, 2023. Net income for the fourth quarter of 2023 was $32.4 million, with diluted earnings per share of $0.55, compared to $49.7 million and $0.84 per diluted share, respectively, for the fourth quarter of 2022. For the twelve months ended December 31, 2023, net income was $148.9 million, or $2.51 per diluted share, compared to $182.0 million, or $3.02 per diluted share, for the 2022 period. Deposits of $13.2 billion increased year-over-year and sequentially, and total loan growth was 8.7% year-over-year and 2.9% quarter-over-quarter. Non-interest income increased 8.0% year-over-year, and net interest margin of 3.02% was stable to the third quarter of 2023. Total portfolio loans were $11.6 billion, which increased 8.7% year-over-year, and total deposits were $13.2 billion, up 0.6% from September 30, 2023 and up 0.3% from December 31, 2022. WesBanco remains well-capitalized with solid liquidity and a strong balance sheet.
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WesBanco Named Among Newsweek's Best Regional Banks

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WesBanco, Inc. has been named one of America's Best Regional Banks and Credit Unions 2024 by Newsweek, reflecting its ongoing commitment to excellence in community banking. The rating places it among the top 250 regional banks in the nation. The recognition is based on a study of nearly 10,000 financial institutions, more than 35,000 customer interviews, and almost 150 million online reviews. WesBanco has also received national accolades for financial performance, credit quality, community development, employer of choice, and customer satisfaction.
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WesBanco, Inc. to Host 2023 Fourth Quarter Earnings Conference Call and Webcast on Wednesday, January 24th

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WesBanco, Inc. (Nasdaq:WSBC) to Host Conference Call to Review Q4 2023 Financial Results
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WesBanco Rings Nasdaq Opening Bell to Celebrate Next Chapter of Growth

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WesBanco, Inc. (Nasdaq: WSBC) proudly rang the Nasdaq Stock Market opening bell to mark the company's next chapter of growth and transformation under the leadership of new CEO Jeff Jackson. Over the past decade, WesBanco has nearly tripled in total assets through organic growth and strategic mergers, transforming from a community bank into a regional financial services institution with operations in six states and loan production offices in two more. The company has earned numerous national accolades for financial performance, credit quality, community development, employer of choice, and customer satisfaction.
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WesBanco Declares Increase in Quarterly Cash Dividend to Its Shareholders

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WesBanco, Inc. (Nasdaq: WSBC) Announces 2.9% Increase in Quarterly Cash Dividend
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WesBanco Announces Third Quarter 2023 Financial Results

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WesBanco, Inc. announces solid deposit and loan growth, strong capital levels, and credit quality. Net income for Q3 2023 was $34.3 million, compared to $50.5 million in Q3 2022. Total loan growth was 10.1% YoY and 7.6% annualized. Credit quality metrics remain favorable. WesBanco remains well-capitalized.
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FAQ

What is the current stock price of WesBanco (WSBC)?

The current stock price of WesBanco (WSBC) is $35.64 as of November 15, 2024.

What is the market cap of WesBanco (WSBC)?

The market cap of WesBanco (WSBC) is approximately 2.4B.

What services does WesBanco Inc. offer?

WesBanco Inc. offers a full range of financial services, including retail banking, corporate banking, personal and corporate trust services, brokerage services, mortgage banking, and insurance.

Where is WesBanco headquartered?

WesBanco is headquartered in Wheeling, West Virginia.

How many financial centers does WesBanco operate?

WesBanco operates more than 190 financial centers in Indiana, Kentucky, Maryland, Ohio, Pennsylvania, and West Virginia.

Who is the current CEO of WesBanco?

Jeffrey H. Jackson is the current President and Chief Executive Officer of WesBanco, having assumed the role on August 1, 2023.

What are WesBanco’s core business segments?

WesBanco’s core business segments are community banking and trust and investment services.

What is WesBanco's approach to customer service?

WesBanco merges advanced technology with personal customer service, ensuring efficient and effective service delivery while maintaining a community bank orientation.

How has WesBanco performed financially recently?

WesBanco has shown solid financial performance with notable highlights such as an 8.7% year-over-year increase in total portfolio loans as of the end of 2023.

What are WesBanco's strategic initiatives for growth?

WesBanco focuses on sustainable growth strategies, including expanding its market presence, leveraging technology, and maintaining strong capital levels and credit quality.

Where can I learn more about WesBanco's services and updates?

Visit WesBanco's official website at www.wesbanco.com and follow them on Facebook, LinkedIn, and X, formerly known as Twitter.

What recent changes have occurred in WesBanco’s leadership?

Jeffrey H. Jackson became the President and CEO on August 1, 2023, continuing the company's vision for growth and innovation.

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WesBanco Inc

Nasdaq:WSBC

WSBC Rankings

#1855 Ranked by Market Cap
#739 Ranked by Dividends

WSBC Stock Data

2.38B
66.87M
2.89%
62.16%
2.4%
Banks - Regional
National Commercial Banks
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United States of America
WHEELING