WesBanco Declares Quarterly Cash Dividend upon Its Perpetual Preferred Stock

Rhea-AI Summary

WesBanco Inc. (NASDAQ: WSBC) has announced a quarterly cash dividend declaration for 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 February 15, 2025, to May 15, 2025, payable to shareholders of record on May 1, 2025.

WesBanco operates as a regional financial services provider across nine states, with over $27 billion in total assets. The company's Trust and Investment Services manage more than $7 billion in assets, while holding securities account values exceeding $2 billion through their broker/dealer, including the recent Premier Financial acquisition completed on February 28, 2025.

Positive

• Consistent dividend payments demonstrate financial stability
• Substantial asset base of $27 billion in total assets
• Strong wealth management division with $7 billion AUM
• Recent completion of Premier Financial acquisition expanding market presence

Negative

• None.

WHEELING, W.Va., April 16, 2025 /PRNewswire/ -- WesBanco, Inc. (Nasdaq:WSBC), a diversified, multi-state bank holding company, announced today that its Board of Directors has declared a quarterly cash dividend on the outstanding shares of its 6.75% Non-Cumulative Perpetual Preferred Stock, Series A (the "Series A Preferred Stock") (Nasdaq:WSBCP). The declared cash dividend on the Series A Preferred Stock is for the period from February 15, 2025, up to, but excluding May 15, 2025. The declared cash dividend equates to $0.421875 per depositary share, or $16.875 per share of the Series A Preferred Stock outstanding. The cash dividend is payable on May 15, 2025 to shareholders of record on May 1, 2025.

About WesBanco, Inc.

With over 150 years as a community-focused, regional financial services partner, WesBanco Inc. (NASDAQ: WSBC) and its subsidiaries build lasting prosperity through relationships and solutions that empower our customers for success in their financial journeys. Customers across our nine-state footprint choose WesBanco for the comprehensive range and personalized delivery of our retail and commercial banking solutions, as well as trust, brokerage, wealth management and insurance services, all designed to advance their financial goals. Through the strength of our teams, we leverage large bank capabilities and local focus to help make every community we serve a better place for people and businesses to thrive. Headquartered in Wheeling, West Virginia, WesBanco has more than $27 billion in total assets, with our Trust and Investment Services holding more than $7 billion of assets under management and securities account values (including annuities) of more than $2 billion through our broker/dealer, including the acquisition of Premier Financial which closed on February 28, 2025. Learn more at www.wesbanco.com and follow @WesBanco on Facebook, LinkedIn and Instagram.

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SOURCE WesBanco, Inc.

FAQ

What is the dividend amount for WesBanco's Series A Preferred Stock (WSBCP) in Q2 2025?

WesBanco's Series A Preferred Stock dividend for Q2 2025 is $0.421875 per depositary share or $16.875 per preferred share, payable on May 15, 2025.

When is the record date for WesBanco's (WSBC) latest preferred stock dividend?

The record date for WesBanco's preferred stock dividend is May 1, 2025.

How much assets under management does WesBanco (WSBC) currently have?

WesBanco's Trust and Investment Services hold more than $7 billion in assets under management, with over $27 billion in total assets.

When did WesBanco (WSBC) complete the acquisition of Premier Financial?

WesBanco completed the acquisition of Premier Financial on February 28, 2025.