WesBanco, Inc. operates as the bank holding company for WesBanco Bank, Inc. that provides retail banking, corporate banking, personal and corporate trust, brokerage, and mortgage banking and insurance services. It operates in two segments, Community Banking, and Trust and Investment Services. The company offers commercial demand, individual demand, and time deposit accounts; money market accounts; interest bearing and non-interest bearing demand deposits, as well as savings deposits; and certificates of deposit. It also provides commercial real estate loans; commercial and industrial loans; residential real estate loans, including loans to purchase, construct, or refinance borrower's home; home equity lines of credit; installment loans to finance the purchase of automobiles, trucks, motorcycles, boats, and other recreational vehicles, as well as home equity installment loans, unsecured home improvement loans, and revolving lines of credit; and commercial, mortgage, and individual installment loans. In addition, the company offers trust and investment services, as well as various investment products comprising mutual funds and annuities; and securities brokerage services. Further, WesBanco, Inc., through its non-banking subsidiaries, acts as an agency that specializes in property, casualty, life, and title insurance, as well as benefit plan sales and administration to personal and commercial clients; provides broker dealer and discount brokerage services; holds investment securities and loans; and holds and leases commercial real estate properties, as well as acts as an investment adviser to a family of mutual funds. As of December 31, 2020, it operated 233 branches and 226 ATMs in West Virginia, Ohio, western Pennsylvania, Kentucky, southern Indiana, and Maryland, as well as six loan production offices in West Virginia, Ohio, western Pennsylvania, and Maryland. WesBanco, Inc. was founded in 1870 and is headquartered in Wheeling, West Virginia.
IPO Year:
Exchange: NASDAQ
Website: wesbanco.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 7/29/2024 | $34.00 → $38.00 | Outperform | Hovde Group |
| 4/24/2024 | $36.00 → $34.00 | Outperform | Hovde Group |
| 1/5/2024 | $34.00 | Mkt Perform → Outperform | Raymond James |
| 9/13/2023 | Market Perform → Outperform | Hovde Group | |
| 4/4/2023 | $28.00 | Equal-Weight | Stephens |
| 12/22/2022 | Mkt Perform | Raymond James | |
| 12/5/2022 | $41.00 | Neutral | Piper Sandler |
| 9/6/2022 | $37.00 | Neutral | Janney |
| 5/4/2022 | $34.00 | Neutral → Underweight | Piper Sandler |
| 9/29/2021 | $36.00 → $38.00 | Sector Perform | RBC Capital |
4 - WESBANCO INC (0000203596) (Issuer)
Hovde Group reiterated coverage of WesBanco Inc with a rating of Outperform and set a new price target of $38.00 from $34.00 previously
Hovde Group reiterated coverage of WesBanco Inc with a rating of Outperform and set a new price target of $34.00 from $36.00 previously
Raymond James upgraded WesBanco Inc from Mkt Perform to Outperform and set a new price target of $34.00
Hovde Group upgraded WesBanco Inc from Market Perform to Outperform
Stephens initiated coverage of WesBanco Inc with a rating of Equal-Weight and set a new price target of $28.00
Raymond James resumed coverage of WesBanco Inc with a rating of Mkt Perform
Piper Sandler resumed coverage of WesBanco Inc with a rating of Neutral and set a new price target of $41.00
Janney initiated coverage of WesBanco Inc with a rating of Neutral and set a new price target of $37.00
Piper Sandler downgraded WesBanco Inc from Neutral to Underweight and set a new price target of $34.00
RBC Capital reiterated coverage of Wesbanco with a rating of Sector Perform and set a new price target of $38.00 from $36.00 previously
4 - WESBANCO INC (0000203596) (Issuer)
4 - WESBANCO INC (0000203596) (Issuer)
4 - WESBANCO INC (0000203596) (Issuer)
4 - WESBANCO INC (0000203596) (Issuer)
4 - WESBANCO INC (0000203596) (Issuer)
4 - WESBANCO INC (0000203596) (Issuer)
4 - WESBANCO INC (0000203596) (Issuer)
4 - WESBANCO INC (0000203596) (Issuer)
4 - WESBANCO INC (0000203596) (Issuer)
4 - WESBANCO INC (0000203596) (Issuer)
8-K - WESBANCO INC (0000203596) (Filer)
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Strong sequential quarter deposit growth of 12.1% annualized and loan growth of 6.3% annualized WHEELING, W.Va., Oct. 23, 2024 /PRNewswire/ -- WesBanco, Inc. ("WesBanco" or "Company") (NASDAQ:WSBC), a diversified, multi-state bank holding company, today announced net income and related earnings per share for the three and nine months ended September 30, 2024. Net income available to common shareholders for the third quarter of 2024 was $34.7 million, with earnings per share of $0.54, compared to $34.3 million and $0.58 per share, respectively, for the third quarter of 2023. For the nine months ended September 30, 2024, net income was $94.3 million, or $1.54 per share, compared to $116.5 mill
Declared dividend of $0.31 per share Third Quarter Highlights Announced strategic merger with Wesbanco, Inc. Earnings per share of $0.46 or $0.54 excluding transaction costs, increases of $0.01 and $0.09, respectively, from second quarter Average deposits excluding brokereds increased 5% annualized from second quarter Average interest-earning assets increased 1% annualized from second quarter Net interest margin increased four basis points to 2.50% from second quarter Book value per share of $28.43 and tangible book value per share of $19.92, increases of 16% and 24% annualized, respectively, from second quarter Premier Financial Corp. (NASDAQ:PFC) ("Premier" or the "Company"
WHEELING, W.Va., Oct. 2, 2024 /PRNewswire/ -- WesBanco, Inc. (NASDAQ:WSBC), a diversified, multi-state bank holding company, announced today it will host a conference call at 3:00 p.m. ET on Thursday, October 24, 2024. Jeffrey H. Jackson, President and Chief Executive Officer, and Daniel K. Weiss, Jr., Senior Executive Vice President and Chief Financial Officer, will review financial results for the third quarter of 2024. Results for the quarter are expected to be released after the market close on Wednesday, October 23, 2024. Interested parties can access the live webcast of
WHEELING, W.Va., Sept. 26, 2024 /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 August 15, 2024, up to, but excluding November 15, 2024. 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 November 15, 2024 to shareholders of record
WHEELING, W.Va., Aug. 21, 2024 /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 of $0.36 per share to be paid to its holders of common stock. The dividend will be payable on October 1, 2024 to shareholders of record on September 6, 2024, and represents an annualized cash dividend rate of $1.44 per common share. About WesBanco, Inc.With over 150 years as a community-focused, regional financial services partner, WesBanco Inc. (NASDAQ:WSBC) and its subs
Creates a community-focused, regional financial services partner with $27+ billion in assets Announces $200 million in capital commitments in support of the merger WesBanco, Inc. ("WesBanco") (NASDAQ:WSBC) and Premier Financial Corp. ("Premier") (NASDAQ:PFC) jointly announced today that they have executed a definitive Agreement and Plan of Merger ("Agreement") providing for the merger of Premier with and into WesBanco. Jeff Jackson, President and Chief Executive Officer of WesBanco, and Gary Small, President and Chief Executive Officer of Premier, made the joint announcement. Under the terms of the Agreement, which has been unanimously approved by the board of directors of both compan
Premier Financial Corp. (NASDAQ:PFC) ("Premier" or the "Company") announced today 2024 second quarter results and the signing of a definitive merger agreement with Wesbanco, Inc. (NASDAQ:WSBC). Strategic Merger On July 26, 2024, PFC and WSBC announced the signing of a definitive merger agreement under which PFC will merge into WSBC in a stock-for-stock transaction. Under the terms of the merger agreement, shareholders of PFC will receive 0.80 shares of WSBC common stock for each share of PFC common stock. Premier Bank, a wholly owned subsidiary of PFC, will merge into Wesbanco Bank, Inc., a wholly owned subsidiary of WSBC. Based upon a closing price for WSBC as of July 25, 2024 of $34.2
Creates a community-focused, regional financial services partner with $27+ billion in assets Announces $200 million in capital commitments in support of the merger WHEELING, W.Va., July 26, 2024 /PRNewswire/ -- WesBanco, Inc. ("WesBanco") (NASDAQ:WSBC) and Premier Financial Corp. ("Premier") (NASDAQ:PFC) jointly announced today that they have executed a definitive Agreement and Plan of Merger ("Agreement") providing for the merger of Premier with and into WesBanco. Jeff Jackson, President and Chief Executive Officer of WesBanco, and Gary Small, President and Chief Executive Officer of Premier, made the joint announcement.
Marks eight consecutive quarters of strong year-over-year loan growth averaging 9% WHEELING, W.Va., July 26, 2024 /PRNewswire/ -- WesBanco, Inc. ("WesBanco") (NASDAQ:WSBC), a diversified, multi-state bank holding company, today announced net income and related earnings per share for the three and six months ended June 30, 2024. Net income available to common shareholders for the second quarter of 2024 was $26.4 million, with diluted earnings per share of $0.44, compared to $42.3 million and $0.71 per diluted share, respectively, for the second quarter of 2023. For the six months ended June 30, 2024, net income was $59.5 million, or $1.00 per diluted share, compared to $82.2 million, or $1.38
WHEELING, W.Va., July 3, 2024 /PRNewswire/ -- WesBanco, Inc. (NASDAQ:WSBC), a diversified, multi-state bank holding company, announced today it will host a conference call at 10:00 a.m. ET on Friday, July 26, 2024. Jeffrey H. Jackson, President and Chief Executive Officer, and Daniel K. Weiss, Jr., Senior Executive Vice President and Chief Financial Officer, will review financial results for the second quarter of 2024. Results for the quarter are expected to be released after the market close on Thursday, July 25, 2024. Interested parties can access the live webcast of the con
Strong sequential quarter deposit growth of 12.1% annualized and loan growth of 6.3% annualized WHEELING, W.Va., Oct. 23, 2024 /PRNewswire/ -- WesBanco, Inc. ("WesBanco" or "Company") (NASDAQ:WSBC), a diversified, multi-state bank holding company, today announced net income and related earnings per share for the three and nine months ended September 30, 2024. Net income available to common shareholders for the third quarter of 2024 was $34.7 million, with earnings per share of $0.54, compared to $34.3 million and $0.58 per share, respectively, for the third quarter of 2023. For the nine months ended September 30, 2024, net income was $94.3 million, or $1.54 per share, compared to $116.5 mill
Declared dividend of $0.31 per share Third Quarter Highlights Announced strategic merger with Wesbanco, Inc. Earnings per share of $0.46 or $0.54 excluding transaction costs, increases of $0.01 and $0.09, respectively, from second quarter Average deposits excluding brokereds increased 5% annualized from second quarter Average interest-earning assets increased 1% annualized from second quarter Net interest margin increased four basis points to 2.50% from second quarter Book value per share of $28.43 and tangible book value per share of $19.92, increases of 16% and 24% annualized, respectively, from second quarter Premier Financial Corp. (NASDAQ:PFC) ("Premier" or the "Company"
WHEELING, W.Va., Oct. 2, 2024 /PRNewswire/ -- WesBanco, Inc. (NASDAQ:WSBC), a diversified, multi-state bank holding company, announced today it will host a conference call at 3:00 p.m. ET on Thursday, October 24, 2024. Jeffrey H. Jackson, President and Chief Executive Officer, and Daniel K. Weiss, Jr., Senior Executive Vice President and Chief Financial Officer, will review financial results for the third quarter of 2024. Results for the quarter are expected to be released after the market close on Wednesday, October 23, 2024. Interested parties can access the live webcast of
WHEELING, W.Va., Sept. 26, 2024 /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 August 15, 2024, up to, but excluding November 15, 2024. 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 November 15, 2024 to shareholders of record
WHEELING, W.Va., Aug. 22, 2024 /PRNewswire/ -- WesBanco, Inc. (NASDAQ:WSBC), a diversified, multi-state bank holding company, announces that its affiliate, WesBanco Bank, has appointed Cris Gossard as Central Ohio (CO) Market President and Senior Commercial Banker. This strategic appointment underscores the bank's commitment to continuing to enhance its market presence and deliver exceptional banking services to the Central Ohio market. In this role, Cris will drive the performance and growth of WesBanco's commercial lending business in the CO market. Additionally, he will col
WHEELING, W.Va., Aug. 21, 2024 /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 of $0.36 per share to be paid to its holders of common stock. The dividend will be payable on October 1, 2024 to shareholders of record on September 6, 2024, and represents an annualized cash dividend rate of $1.44 per common share. About WesBanco, Inc.With over 150 years as a community-focused, regional financial services partner, WesBanco Inc. (NASDAQ:WSBC) and its subs
The award recognizes WesBanco's commitment to creating a supportive and inclusive workplace culture for parents WHEELING, W.Va., Aug. 20, 2024 /PRNewswire/ -- WesBanco, Inc. (NASDAQ:WSBC), a diversified, multi-state bank holding company, announced today that Newsweek and Plant-A Insights Group have recognized it as one of America's Greatest Workplaces for Parents and Families 2024. WesBanco received a five-star rating, one of just seven banks to receive Newsweek's highest performance mark. "WesBanco is honored to be named one of America's Greatest Workplaces for Parents and Fa
Creates a community-focused, regional financial services partner with $27+ billion in assets Announces $200 million in capital commitments in support of the merger WesBanco, Inc. ("WesBanco") (NASDAQ:WSBC) and Premier Financial Corp. ("Premier") (NASDAQ:PFC) jointly announced today that they have executed a definitive Agreement and Plan of Merger ("Agreement") providing for the merger of Premier with and into WesBanco. Jeff Jackson, President and Chief Executive Officer of WesBanco, and Gary Small, President and Chief Executive Officer of Premier, made the joint announcement. Under the terms of the Agreement, which has been unanimously approved by the board of directors of both compan
Premier Financial Corp. (NASDAQ:PFC) ("Premier" or the "Company") announced today 2024 second quarter results and the signing of a definitive merger agreement with Wesbanco, Inc. (NASDAQ:WSBC). Strategic Merger On July 26, 2024, PFC and WSBC announced the signing of a definitive merger agreement under which PFC will merge into WSBC in a stock-for-stock transaction. Under the terms of the merger agreement, shareholders of PFC will receive 0.80 shares of WSBC common stock for each share of PFC common stock. Premier Bank, a wholly owned subsidiary of PFC, will merge into Wesbanco Bank, Inc., a wholly owned subsidiary of WSBC. Based upon a closing price for WSBC as of July 25, 2024 of $34.2
Creates a community-focused, regional financial services partner with $27+ billion in assets Announces $200 million in capital commitments in support of the merger WHEELING, W.Va., July 26, 2024 /PRNewswire/ -- WesBanco, Inc. ("WesBanco") (NASDAQ:WSBC) and Premier Financial Corp. ("Premier") (NASDAQ:PFC) jointly announced today that they have executed a definitive Agreement and Plan of Merger ("Agreement") providing for the merger of Premier with and into WesBanco. Jeff Jackson, President and Chief Executive Officer of WesBanco, and Gary Small, President and Chief Executive Officer of Premier, made the joint announcement.
WHEELING, W.Va., Aug. 22, 2024 /PRNewswire/ -- WesBanco, Inc. (NASDAQ:WSBC), a diversified, multi-state bank holding company, announces that its affiliate, WesBanco Bank, has appointed Cris Gossard as Central Ohio (CO) Market President and Senior Commercial Banker. This strategic appointment underscores the bank's commitment to continuing to enhance its market presence and deliver exceptional banking services to the Central Ohio market. In this role, Cris will drive the performance and growth of WesBanco's commercial lending business in the CO market. Additionally, he will col
WHEELING, W.Va., July 8, 2024 /PRNewswire/ -- WesBanco, Inc. (NASDAQ:WSBC), a diversified, multi-state bank holding company, announced today the appointment of Kimberly Griffith as Senior Executive Vice President and Group Head, Human Resources and Facilities. Griffith, a WesBanco veteran, most recently served in this role on an interim basis during Anthony Pietranton's extended leave of absence, ensuring continuity and strong leadership. In this permanent role, she will continue to advance the highest standards of human resources and facilities management and drive talent and
WHEELING, W.Va., May 25, 2023 /PRNewswire/ -- WesBanco, Inc. (NASDAQ:WSBC), a diversified, multi-state bank holding company, announces that its affiliate, WesBanco Bank, has promoted David Klick to the role of Upper Ohio Valley (UOV) Market President and Senior Commercial Banker. In his new role, Klick will oversee strategic direction, business development, building and maintaining client relationships and leading initiatives supporting UOV communities. "WesBanco is pleased to welcome David to the role of Market President for the Upper Ohio Valley," said Jayson Zatta, Senior E
- Company also announces retirement of Jon Dargusch - WHEELING, W.Va., Jan. 18, 2023 /PRNewswire/ -- WesBanco, Inc. (NASDAQ:WSBC), a diversified, multi-state bank holding company, announced today that it has promoted Scott Love to Executive Vice President, Wealth Management succeeding Jon Dargusch, who retired effective December 31, 2022. In his new role, Mr. Love will be responsible for WesBanco Trust and Investment Services ("WTIS"), a division of WesBanco Bank, the banking subsidiary of WesBanco, Inc., including investment advisory services to the WesMark Funds, WesBanco Securities Inc., WesBanco Insurance Services Inc., and private client services.
- Company also announces upcoming retirement of Todd Clossin - WHEELING, W.Va., July 5, 2022 /PRNewswire/ -- Wesbanco, Inc. (NASDAQ:WSBC), a diversified, multi-state bank holding company, announced today the hiring of Jeffrey H. Jackson as Senior Executive Vice President and Chief Operating Officer of Wesbanco, Inc. and President and Chief Operating Officer of Wesbanco Bank, its banking subsidiary, effective August 15, 2022. The Board of Directors of Wesbanco formally elected him to those positions effective today. Jeff Jackson comes to Wesbanco after a successful career at F
WHEELING, W.Va., June 9, 2022 /PRNewswire/ -- WesBanco, Inc. (NASDAQ:WSBC), a diversified, multi-state bank holding company, announced today that industry veteran Richard Hunt has been named Executive Vice President and Director of Commercial & Industrial Banking. In his new role, Mr. Hunt will lead and execute the strategic direction of the Commercial & Industrial Banking division for WesBanco. "Rich is a proven leader and highly respected professional in the financial services industry," said Jayson M. Zatta, Senior Executive Vice President and Chief Banking Officer at WesBa
Stephens & Co. analyst Russell Gunther maintains Wesbanco (NASDAQ:WSBC) with a Equal-Weight and lowers the price target from $30 to $27.
Stephens & Co. analyst Russell Gunther reiterates Wesbanco (NASDAQ:WSBC) with a Equal-Weight and maintains $30 price target.
Wesbanco (NASDAQ:WSBC) reported quarterly earnings of $0.56 per share which beat the analyst consensus estimate of $0.55 by 1.82 percent. The company reported quarterly sales of $113.966 million which missed the analyst consensus estimate of $116.830 million by 2.45 percent. This is a 8.34 percent decrease over sales of $124.332 million the same period last year.
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RBC Capital analyst Jon Arfstrom reiterates Wesbanco (NASDAQ:WSBC) with a Sector Perform and maintains $32 price target.
Wesbanco (NASDAQ:WSBC) reported its Q4 earnings results on Tuesday, January 23, 2024 at 04:15 PM. Here's what investors need to know about the announcement. Earnings Wesbanco missed estimated earnings by 1.79%, reporting an EPS of $0.55 versus an estimate of $0.56. Revenue was down $12.12 million from the same period last year. Past Earnings Performance Last quarter the company missed on EPS by $0.0 which was followed by a 2.68% increase in the share price the next day. Here's a look at Wesbanco's past performance: Quarter Q3 2023 Q2 2023 Q1 2023 Q4 2022 EPS Estimate 0.59 0.66 0.77 0.83 EPS Actual 0.59 0.71 0.71 0.84 Revenue Estimate 122.47M 122.89M 132.78M 129.98M Revenue Actua
Wesbanco (NASDAQ:WSBC) reported quarterly earnings of $0.55 per share which missed the analyst consensus estimate of $0.56 by 1.79 percent.
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Wesbanco (NASDAQ:WSBC) is set to give its latest quarterly earnings report on Tuesday, 2024-01-23. Here's what investors need to know before the announcement. Analysts estimate that Wesbanco will report an earnings per share (EPS) of $0.56. Wesbanco bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter. New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast). Historical Earnings Performance Last quarter the company missed EPS by $0.00, which was followed by a 2.68% increase in the share pric
Raymond James analyst Daniel Tamayo upgrades Wesbanco (NASDAQ:WSBC) from Market Perform to Outperform and maintains the price target from $34 to $34.