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.
News and updates for WesBanco, Inc. (NASDAQ: WSBC) focus on its activities as a diversified, multi-state bank holding company in the commercial banking sector. Company press releases highlight developments across its retail and commercial banking operations, trust and investment services, capital structure, and corporate governance.
Investors following WSBC news will see regular announcements about quarterly and annual financial results, including net income, earnings per share, loan and deposit trends, and net interest margin, as described in the company’s earnings releases. WesBanco also issues notices about upcoming earnings conference calls and webcasts, providing details on how to access live and archived presentations.
Another key category of WesBanco news involves capital and dividend actions. Recent releases describe increases in the quarterly cash dividend on common stock, quarterly dividends on preferred stock series, and the redemption of preferred stock and related depositary shares. The company also reports on offerings of preferred stock depositary shares and the use of proceeds for capital management purposes.
Operational and strategic updates appear frequently in WesBanco’s news flow. Examples include expansion into new markets through commercial loan production offices and new banking centers, financial center optimization initiatives, and leadership appointments in specific regions such as Western Pennsylvania and Tennessee. The company also publicizes third‑party recognitions, such as being named one of America’s Best Regional Banks by Newsweek and earning consecutive "Outstanding" FDIC Community Reinvestment Act ratings.
By reviewing the WSBC news page, readers can track how WesBanco communicates its financial performance, growth initiatives, community focus and recognition over time. This news stream offers context for understanding the company’s strategy and operations alongside its stock performance.
WesBanco (WSBC) has been named to Newsweek's 2025 America's Best Regional Banks list, highlighting its 155-year legacy as a community-focused financial services partner. President & CEO Jeff Jackson emphasized the bank's commitment to community development and exceptional financial services.
The recognition was based on a comprehensive evaluation process that included:
- Profitability and net loans/leases assessment
- Press coverage analysis over two years
- Survey of over 71,000 U.S. citizens
- Review of 1.9 million social media posts
- Analysis of 129 million app store reviews
This achievement adds to WesBanco's recent accolades, including recognition on Newsweek's lists of America's Greatest Workplaces and Greatest Workplaces for Parents & Families. The bank also maintained its eighth consecutive 'Outstanding' FDIC Community Reinvestment Act Rating and was listed on Forbes' inaugural America's Most Trusted Companies list.
WesBanco (WSBC) and Premier Financial Corp. (PFC) have received all necessary regulatory approvals for their pending merger, following overwhelming shareholder approval from both companies on December 11, 2024. The merger is expected to close around February 28, 2025, subject to customary closing conditions.
The combined entity will create a regional financial services institution with approximately $27 billion in assets. The merger will establish the 8th largest bank in Ohio by deposit market share, with expanded presence in Indiana and operations across nine states. WesBanco currently holds $18.7 billion in total assets, with Trust and Investment Services managing $6.0 billion in assets and $1.9 billion in securities account values through their broker/dealer as of December 31, 2024.
WesBanco (WSBC) reported Q4 2024 net income of $47.1 million ($0.70 per share), up from $32.4 million ($0.55 per share) in Q4 2023. Full-year 2024 net income was $141.4 million ($2.26 per share), compared to $148.9 million ($2.51 per share) in 2023.
The bank achieved strong loan growth of $1 billion (8.7% year-over-year), matched by deposit growth of $1 billion (7.3% year-over-year). Total portfolio loans reached $12.7 billion, while deposits stood at $14.1 billion. The net interest margin improved to 3.03%, up 8 basis points from Q3.
Q4 non-interest income increased 21% year-over-year to $36.4 million, driven by higher swap fees, service charges, and trust fees. Credit quality metrics remained favorable compared to peer banks, with non-performing assets at 0.22% of total assets.
Premier Financial Corp. (PFC) reported fourth quarter 2024 net income of $20.8 million, or $0.58 per diluted share, compared to $20.1 million ($0.56 per share) in Q4 2023. Excluding merger transaction costs, Q4 2024 earnings were $22.6 million or $0.63 per share.
Key Q4 highlights include a net interest margin increase to 2.63% (up 13 basis points from Q3), and an improved efficiency ratio of 57.1% excluding transaction costs. Total loans decreased by $115.7 million during Q4, while deposits declined by $292.8 million.
For full-year 2024, PFC reported net income of $71.4 million ($1.98 per share), down from $111.3 million ($3.11 per share) in 2023. The company announced a strategic merger with Wesbanco, Inc., where PFC shareholders will receive 0.80 shares of WSBC common stock for each PFC share, ultimately owning approximately 30% of the combined company.
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.