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.

WHEELING, W.Va., April 16, 2024 /PRNewswire/ -- WesBanco, Inc. (Nasdaq: WSBC), a diversified, multi-state bank holding company, announced today that it has been named one of the 2024 Best Banks in America by Forbes. This marks the 14^th year WesBanco has earned this recognition, which measured 10 key financial metrics for the 2023 calendar year.

"Our fourteenth recognition by Forbes as one of America's Best Banks is a proof point of our commitment to exceptional customer experiences, sustainable long-term growth strategies and credit quality," said Jeff Jackson, President and Chief Executive Officer, WesBanco. "In a year that tested the resilience and adaptability of the banking industry, WesBanco remained a strong, sound financial institution well-positioned to serve our customers, communities and shareholders. This accolade from Forbes reinforces the trust and confidence our customers place in their banking relationship with us, and we are proud to continue to help advance their financial journeys."

Forbes' annual America's Best Banks list evaluated 10 metrics measuring growth, credit quality and profitability for the 2023 calendar year, as well as stock performance in the 12 months through March 18, 2024. The 10 equally-weighted financial metrics are net interest margin; return on average tangible common equity; return on average assets; CET1 ratio; efficiency ratio; nonperforming assets as a percentage of total assets; reserves as a percentage of total assets; risk-based capital ratio; operating revenue growth; and net charge-offs as a percentage of total loans.

The America's Best Banks recognition is the most recent third-party accolade for WesBanco, which continues to earn recognitions for financial performance, customer and employee satisfaction and community reinvestment. Other recent accolades include Forbes' World's Best Banks, Newsweek's Best Regional Banks, and our eighth consecutive "Outstanding" FDIC Community Reinvestment Act Rating.

About WesBanco, Inc.
Founded in 1870, WesBanco, Inc. is a diversified and balanced financial services company that delivers large bank capabilities with a community bank feel. Our distinct long-term growth strategies are built upon unique sustainable advantages permitting us to span six states with meaningful market share. The company's banking subsidiary, WesBanco Bank, Inc., operates more than 190 financial centers in the states of Indiana, Kentucky, Maryland, Ohio, Pennsylvania, and West Virginia. Built upon our 'Better Banking Pledge', our customer-centric service culture is focused on growing long-term relationships by pledging to serve all personal and business customer needs efficiently and effectively. In addition to a full range of online and mobile banking options and a full-suite of commercial products and services, the company provides trust, wealth management, securities brokerage, and private banking services through its century-old Trust and Investment Services department, with approximately $5.4 billion of assets under management (as of December 31, 2023).The company also offers insurance and brokerage services through its affiliates and subsidiaries. Learn more at www.wesbanco.com and follow us on Facebook, LinkedIn, Instagram and X, formerly Twitter.

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SOURCE WesBanco, Inc.

FAQ

How many times has WesBanco been named one of America's Best Banks by Forbes?

WesBanco has been named one of America's Best Banks by Forbes for the 14th time.

What were the key financial metrics used to evaluate WesBanco for the recognition?

The key financial metrics included net interest margin, return on average tangible common equity, return on average assets, CET1 ratio, efficiency ratio, nonperforming assets, reserves, risk-based capital ratio, operating revenue growth, and net charge-offs.

What other recent accolades has WesBanco received besides being named one of America's Best Banks?

WesBanco has also received recognitions such as Forbes' World's Best Banks, Newsweek's Best Regional Banks, and an eighth consecutive 'Outstanding' FDIC Community Reinvestment Act Rating.