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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. (Nasdaq:WSBC) will hold a conference call on October 26, 2022, to discuss its third-quarter financial results. The results will be released after market close on October 25, 2022. The call will feature CEO Todd F. Clossin and CFO Daniel K. Weiss, Jr. Interested participants can access the call via the company's website or by dialing provided numbers. A replay will be available starting 12:00 p.m. ET on October 26, remaining accessible until November 9, 2022.
WesBanco has declared a quarterly cash dividend of $0.421875 per depositary share on its 6.75% Non-Cumulative Perpetual Preferred Stock, Series A (WSBCP). This dividend is for the period from August 15, 2022 to November 15, 2022, and is payable on November 15, 2022 to shareholders of record on November 1, 2022. This reflects the company's commitment to returning value to its investors amidst a challenging economic environment.
WesBanco, Inc. (Nasdaq:WSBC) announced its participation in two investor conferences: the Raymond James U.S. Bank Conference in Chicago on September 7, 2022, and the Janney Community Bank Forum in Atlanta on September 19-20, 2022. No formal presentations or webcasts will be available for these events. Founded in 1870, WesBanco offers a range of financial services across six states, with a strong emphasis on customer service and sustainable growth. The company manages approximately $4.8 billion in assets as of June 30, 2022.
WesBanco, Inc. (WSBC) has opened a new financial center in downtown Charleston, WV, revitalizing the area. The WesBanco Center combines historic architecture with modern design and offers a suite of digital banking services alongside personal customer support. Market President Toby Taylor emphasized the bank's commitment to customer relationships and community engagement. The bank has received numerous accolades, including being named one of the World's Best Banks and Best Big Bank in West Virginia. WesBanco operates 194 financial centers across six states, managing approximately $4.8 billion in assets.
WesBanco, Inc. (NASDAQ: WSBC) announced a quarterly cash dividend of $0.34 per share, payable on October 1, 2022 to shareholders of record by September 9, 2022. This dividend represents an annualized cash dividend rate of $1.36 per share. Recognized for its strong performance, WesBanco operates 194 financial centers across six states and manages approximately $4.8 billion in assets. The bank emphasizes a customer-centric approach and has been ranked as one of America's Best Banks by Forbes.
WesBanco, Inc. (WSBC) reported a net income of $40.2 million for Q2 2022, translating to earnings per share (EPS) of $0.67, down from $68.1 million and $1.01 per share in Q2 2021. This decline reflects a lack of provision releases seen in the previous year. Total loans reached $10.2 billion, growing 5.4% sequentially, while deposits stood at $13.6 billion, marking a 5.3% year-over-year increase. Non-interest income fell by 25.3% to $27 million, largely due to lower mortgage banking income. WesBanco repurchased 1.1 million shares, emphasizing capital return to shareholders.
WesBanco, Inc. (Nasdaq:WSBC) has announced a quarterly cash dividend of $0.421875 per depositary share on its 6.75% Non-Cumulative Perpetual Preferred Stock, Series A (WSBCP). The dividend covers the period from May 15, 2022 to August 15, 2022, payable on August 15, 2022, to shareholders of record as of August 1, 2022. This reflects the company's ongoing commitment to returning value to shareholders while maintaining its diversified operations across six states.
WesBanco, Inc. (Nasdaq: WSBC) has been recognized for the fourth consecutive year in Forbes' Best-In-State Banks List, earning the title of #1 bank in Ohio and #2 in Kentucky. This recognition is based on customer satisfaction across various metrics, including trust and service quality. The bank's CEO, Todd F. Clossin, highlighted the achievement as a testament to their employee dedication and commitment to customer-centric service. WesBanco offers a variety of financial services and aims for sustainable growth through investments in technology and market expansion.
WesBanco, Inc. (NASDAQ: WSBC) will host a conference call on July 27, 2022, at 10:00 a.m. ET to discuss its financial results for the second quarter of 2022. The results will be made available after market close on July 26, 2022. Participants can access the live webcast via the Company's Investor Relations page. A replay will be available shortly after the call ends, running through August 10, 2022.
Wesbanco, Inc. (NASDAQ: WSBC) has appointed Jeffrey H. Jackson as Senior Executive Vice President and Chief Operating Officer, effective August 15, 2022. He succeeds Todd Clossin, who plans to retire on January 1, 2024, after nearly 10 years in the role. Jackson brings extensive experience from First Horizon Bank and previously worked at IBM. With a focus on leadership and strategic growth, he aims to advance Wesbanco's valued traditions in a transitioning banking landscape. Clossin will remain on the Board after his retirement, ensuring continuity during this transition.
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