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. (WSBC) is a multi-state financial services provider combining community banking values with modern solutions. This page serves as the definitive source for all official company announcements, press releases, and market-related developments.
Investors and stakeholders will find timely updates on earnings reports, merger activities, leadership changes, and service expansions. Our curated news collection ensures transparent access to WSBC's strategic initiatives in retail banking, trust services, and regional market developments.
The repository includes critical updates across three key areas: financial performance disclosures, operational milestones, and regulatory filings. Each entry is categorized for efficient navigation, enabling users to track the company's progress in enhancing customer solutions and shareholder value.
Bookmark this page for streamlined access to WesBanco's evolving story. Regular visitors benefit from structured information that supports informed decision-making without promotional bias.
WesBanco (Nasdaq: WSBC) has been recognized among Forbes' 2025 Most Trusted Companies in America, joining an elite group of 300 public companies. This recognition highlights the bank's dedication to its Mission, Vision and Pledge, which have guided its operations for nearly 155 years.
The prestigious listing was compiled through a partnership between Forbes and research firms HundredX, Signal AI, and Glassdoor, analyzing data across four key categories: employee trust, customer trust, investor trust, and media sentiment.
This achievement adds to WesBanco's growing list of accolades, including being named one of America's Best Banks by Forbes in 2024 and maintaining an 'Outstanding' FDIC Community Reinvestment Act Rating for eight consecutive evaluations. The latter recognition specifically acknowledges the bank's success in meeting community credit needs, particularly in low- and moderate-income neighborhoods.
WesBanco Inc (NASDAQ: WSBC) has announced its upcoming fourth quarter 2024 earnings conference call, scheduled for January 23, 2025, at 3:00 p.m. ET. The financial results will be released after market close on January 22, 2025. President and CEO Jeffrey H. Jackson and CFO Daniel K. Weiss, Jr. will lead the presentation.
The company, with $18.5 billion in total assets as of September 30, 2024, manages $6.1 billion in Trust and Investment Services assets and $1.9 billion in securities account values. WesBanco operates across eight states, offering retail and commercial banking, trust, brokerage, wealth management, and insurance services through its 150-year history as a community-focused financial institution.
WesBanco (Nasdaq: WSBC) has announced a quarterly cash dividend on its 6.75% Non-Cumulative Perpetual Preferred Stock, Series A (WSBCP). The dividend of $0.421875 per depositary share ($16.875 per preferred share) covers the period from November 15, 2024, to February 15, 2025. The dividend will be paid on February 15, 2025, to shareholders of record as of February 1, 2025.
WesBanco operates as a regional financial services provider across eight states, managing $18.5 billion in total assets. The company's Trust and Investment Services division oversees $6.1 billion in assets under management, with securities account values of $1.9 billion through its broker/dealer as of September 30, 2024.
WesBanco (WSBC) and Premier Financial Corp. (PFC) have secured shareholder approval for their merger agreement, with 85% of WesBanco votes and 68% of Premier votes supporting the transaction. The merger, expected to close in Q1 2025 pending regulatory approvals, will create a regional financial institution with approximately $27 billion in assets.
The combined entity will become the 8th largest bank in Ohio by deposit market share, with expanded presence in Indiana and operations across nine states. WesBanco currently holds $18.5 billion in total assets, with $6.1 billion in assets under management and $1.9 billion in securities account values through their broker/dealer as of September 30, 2024.
WesBanco (WSBC) and Premier Financial Corp. (PFC) announced shareholder approval for their merger agreement, with 85% of WesBanco votes and 68% of Premier votes supporting the deal. The merger, expected to close in Q1 2025 pending regulatory approvals, will create a $27 billion asset regional financial institution.
The combined entity will become the 8th largest bank in Ohio by deposit market share, with expanded presence in Indiana and operations across nine states. WesBanco currently holds $18.5 billion in total assets, with $6.1 billion in assets under management and $1.9 billion in securities account values as of September 30, 2024.
WesBanco Inc. (Nasdaq: WSBC) has appointed Jan Pattishall-Krupinski as Senior Executive Vice President and Chief Administrative Officer, effective immediately. In her new role, she will oversee bank and loan operations, customer service, corporate strategy, and project management, reporting directly to CEO Jeff Jackson. Pattishall-Krupinski, who joined WesBanco in 2011, previously served as Executive Vice President and Director of Operations. The company, with $18.5 billion in total assets and $6.1 billion in assets under management, operates across eight states providing retail and commercial banking, trust, brokerage, wealth management, and insurance services.
WesBanco (WSBC) has announced a 2.8% increase in its quarterly cash dividend to $0.37 per common share, up from $0.36. The dividend will be paid on January 2, 2025, to shareholders of record on December 6, 2024. This marks the company's eighteenth dividend increase since 2010, representing a cumulative increase of 164%. The new annualized dividend rate is $1.48 per share, yielding approximately 4.2% based on the closing stock price of $35.26. WesBanco currently manages $18.5 billion in total assets, with $6.1 billion in assets under management and $1.9 billion in securities account values.
WesBanco (Nasdaq: WSBC) has appointed Chuck Chiatto as Western Pennsylvania Market President and Senior Commercial Banker. Chiatto, who brings over 20 years of commercial banking experience, will lead the growth of WesBanco's commercial lending business in the Western PA region, which includes 5 counties and more than 25 financial centers. He previously served as Senior Vice President at City National Bank and held positions at BB&T and Huntington Bank. Chiatto replaces Tony Rocco, who is retiring after 31 years of service. WesBanco currently manages $18.5 billion in total assets, with $6.1 billion in Trust and Investment Services assets under management.
WesBanco (WSBC) reported Q3 2024 net income of $34.7 million, or $0.54 per share, compared to $34.3 million, or $0.58 per share in Q3 2023. The company demonstrated strong growth with total loans increasing 10.0% year-over-year to $12.5 billion and deposits rising 5.7% to $13.8 billion. Key highlights include sequential quarter deposit growth of 12.1% annualized and loan growth of 6.3% annualized. Trust assets under management reached a record $6.1 billion, up 21.7% year-over-year. The company successfully raised $200 million in common equity during the quarter and maintains strong regulatory capital ratios.
Premier Financial Corp. (Nasdaq: PFC) announced its third-quarter 2024 results, highlighting a strategic merger with Wesbanco, Inc. Earnings per share (EPS) were $0.46, or $0.54 excluding transaction costs, up $0.01 and $0.09 respectively from Q2. Net income was $16.7 million, down from $24.7 million in Q3 2023. Net interest margin increased to 2.50%, while net interest income rose 1.9% sequentially but fell 7.5% year-over-year. Non-interest income was $12.6 million, up 4.1% sequentially but down 5.1% year-over-year. Non-interest expenses excluding transaction costs were $39.1 million, a slight increase from Q2 and Q3 2023. Non-performing assets rose to $82.3 million, while loan delinquencies decreased to $17.2 million. The merger is expected to close in Q1 2025, with PFC shareholders owning 30% of the combined company. A dividend of $0.31 per share was declared, payable on November 15, 2024.
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