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 |
---|---|---|---|
4/3/2025 | $37.00 | Overweight | Piper Sandler |
2/10/2025 | $40.00 → $44.00 | Mkt Perform → Outperform | Keefe Bruyette |
12/6/2024 | $35.00 → $44.00 | Outperform → Strong Buy | Raymond James |
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 |
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Successful acquisition of Premier Financial combined with strong organic loan and deposit growth WHEELING, W.Va., April 29, 2025 /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 months ended March 31, 2025, which included the closing of the previously announced Premier Financial Corp. ("PFC") acquisition. WesBanco reported a net loss available to common shareholders for the first quarter of 2025 of $11.5 million, or $(0.15) per share, which reflected the impact of a day one provision for credit losses and other expenses related to the acquisition, as
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
WHEELING, W.Va., April 2, 2025 /PRNewswire/ -- WesBanco, Inc. (NASDAQ:WSBC), a diversified, multi-state bank holding company, announced today it will host a conference call at 9:00 a.m. ET on Wednesday, April 30, 2025. 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 first quarter of 2025. Results for the quarter are expected to be released after the market close on Tuesday, April 29, 2025. Interested parties can access the live webcast of the
WHEELING, W.Va., Feb. 28, 2025 /PRNewswire/ -- WesBanco, Inc. ("WesBanco") (NASDAQ:WSBC), a diversified, multi-state bank holding company, today announced the successful closing of the previously announced acquisition of Premier Financial Corp. ("Premier") (NASDAQ:PFC). The holding company closing was promptly followed by the merger of Premier's subsidiary bank, Premier Bank, with and into WesBanco's banking subsidiary, WesBanco Bank, Inc. (the "Bank"). With the closing of the merger, WesBanco appointed Zahid Afzal, John L. Bookmyer, Louis M. Altman and Lee J. Burdman, formerly directors of Premier, to the WesBanco Board of Directors.
WHEELING, W.Va., Feb. 26, 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 of $0.37 per share to be paid to its holders of common stock. The dividend will be payable on April 1, 2025 to shareholders of record on March 10, 2025, and represents an annualized cash dividend rate of $1.48 per common share. About WesBanco, Inc. With over 150 years as a community-focused, regional financial services partner, WesBanco Inc. (NASDAQ:WSBC) and its subsidia
WHEELING, W.Va., Feb. 24, 2025 /PRNewswire/ -- WesBanco, Inc. (NASDAQ:WSBC), a diversified, multi-state bank holding company, announced today that it has been named to Newsweek's 2025 America's Best Regional Banks. This recognition serves as a testament to the Bank's 155-years of serving as a community-focused, regional financial services partner of choice. "We are honored to be recognized by Newsweek as one of America's Best Regional Banks for 2025. Our vision is that every community we serve becomes a better place for people and businesses to thrive, and this accolade reflec
WHEELING, W.Va., Feb. 12, 2025 /PRNewswire/ -- WesBanco, Inc. ("WesBanco") (NASDAQ:WSBC) and Premier Financial Corp. ("Premier") (NASDAQ:PFC) today announced that they have received all necessary regulatory approvals for the pending merger of Premier with and into WesBanco. The companies previously announced that the shareholders of Premier and the shareholders of WesBanco had voted overwhelmingly to approve the transaction at their respective special meetings on December 11, 2024. "We are thrilled to have received all necessary regulatory and shareholder approvals, marking a
Strong year-over-year loan growth of $1 billion, matched by deposit growth of $1 billion WHEELING, WVa., Jan. 22, 2025 /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 twelve months ended December 31, 2024. Net income available to common shareholders for the fourth quarter of 2024 was $47.1 million, with earnings per share of $0.70, compared to $32.4 million and $0.55 per share, respectively, for the fourth quarter of 2023. For the twelve months ended December 31, 2024, net income was $141.4 million, or $2.26 per share, compared to $148.9 million
Declared dividend of $0.31 per share Fourth Quarter Highlights Earnings per share of $0.58 or $0.63 excluding transaction costs, increases of $0.12 and $0.09, respectively, from third quarter 2024 Interest-bearing deposit costs decreased 30 basis points from third quarter 2024 Net interest margin increased 13 basis points to 2.63% from third quarter 2024 Efficiency ratio of 60.4% or 57.1% excluding transaction costs, improvements of 6.8% and 5.6%, respectively, from third quarter 2024 Full Year 2024 Highlights Announced strategic merger with Wesbanco, Inc. Average deposits excluding brokereds increased 2% from 2023 Average interest-earning assets increased 1% from
WHEELING, W.Va., Jan. 16, 2025 /PRNewswire/ -- WesBanco, Inc. (NASDAQ:WSBC), a diversified, multi-state bank holding company, announced today that it has been named to Forbes' 2025 Most Trusted Companies in America, one of just 300 public companies to make the list. This recognition is a testament to the bank's steadfast commitment to living its Mission, Vision and Pledge, which serve as its foundation and guide towards sustained success. "WesBanco is honored to be included in Forbes' first-ever list of Most Trusted Companies," said Jeff Jackson, President and Chief Executive
Successful acquisition of Premier Financial combined with strong organic loan and deposit growth WHEELING, W.Va., April 29, 2025 /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 months ended March 31, 2025, which included the closing of the previously announced Premier Financial Corp. ("PFC") acquisition. WesBanco reported a net loss available to common shareholders for the first quarter of 2025 of $11.5 million, or $(0.15) per share, which reflected the impact of a day one provision for credit losses and other expenses related to the acquisition, as
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
WHEELING, W.Va., April 2, 2025 /PRNewswire/ -- WesBanco, Inc. (NASDAQ:WSBC), a diversified, multi-state bank holding company, announced today it will host a conference call at 9:00 a.m. ET on Wednesday, April 30, 2025. 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 first quarter of 2025. Results for the quarter are expected to be released after the market close on Tuesday, April 29, 2025. Interested parties can access the live webcast of the
WHEELING, W.Va., Feb. 26, 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 of $0.37 per share to be paid to its holders of common stock. The dividend will be payable on April 1, 2025 to shareholders of record on March 10, 2025, and represents an annualized cash dividend rate of $1.48 per common share. About WesBanco, Inc. With over 150 years as a community-focused, regional financial services partner, WesBanco Inc. (NASDAQ:WSBC) and its subsidia
Strong year-over-year loan growth of $1 billion, matched by deposit growth of $1 billion WHEELING, WVa., Jan. 22, 2025 /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 twelve months ended December 31, 2024. Net income available to common shareholders for the fourth quarter of 2024 was $47.1 million, with earnings per share of $0.70, compared to $32.4 million and $0.55 per share, respectively, for the fourth quarter of 2023. For the twelve months ended December 31, 2024, net income was $141.4 million, or $2.26 per share, compared to $148.9 million
Declared dividend of $0.31 per share Fourth Quarter Highlights Earnings per share of $0.58 or $0.63 excluding transaction costs, increases of $0.12 and $0.09, respectively, from third quarter 2024 Interest-bearing deposit costs decreased 30 basis points from third quarter 2024 Net interest margin increased 13 basis points to 2.63% from third quarter 2024 Efficiency ratio of 60.4% or 57.1% excluding transaction costs, improvements of 6.8% and 5.6%, respectively, from third quarter 2024 Full Year 2024 Highlights Announced strategic merger with Wesbanco, Inc. Average deposits excluding brokereds increased 2% from 2023 Average interest-earning assets increased 1% from
WHEELING, W. Va., Jan. 3, 2025 /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, January 23, 2025. 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 fourth quarter of 2024. Results for the quarter are expected to be released after the market close on Wednesday, January 22, 2025. Interested parties can access the live webcast o
WHEELING, W.Va., Dec. 19, 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 November 15, 2024, up to, but excluding February 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 February 15, 2025 to shareholders of record
WHEELING, W.Va., Nov. 20, 2024 /PRNewswire/ -- WesBanco, Inc. (NASDAQ:WSBC), a diversified, multi-state bank holding company, announced today that its Board of Directors has approved a 2.8% increase in the quarterly cash dividend to $0.37 per common share from the previous quarterly dividend of $0.36 per common share. The higher dividend rate will be payable on January 2, 2025 to shareholders of record on December 6, 2024. This is the eighteenth increase in the quarterly dividend since 2010 and represents a cumulative increase of 164% over that period. The WesBanco Board of
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
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Piper Sandler resumed coverage of WesBanco Inc with a rating of Overweight and set a new price target of $37.00
Keefe Bruyette upgraded WesBanco Inc from Mkt Perform to Outperform and set a new price target of $44.00 from $40.00 previously
Raymond James upgraded WesBanco Inc from Outperform to Strong Buy and set a new price target of $44.00 from $35.00 previously
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
WHEELING, W.Va., Feb. 28, 2025 /PRNewswire/ -- WesBanco, Inc. ("WesBanco") (NASDAQ:WSBC), a diversified, multi-state bank holding company, today announced the successful closing of the previously announced acquisition of Premier Financial Corp. ("Premier") (NASDAQ:PFC). The holding company closing was promptly followed by the merger of Premier's subsidiary bank, Premier Bank, with and into WesBanco's banking subsidiary, WesBanco Bank, Inc. (the "Bank"). With the closing of the merger, WesBanco appointed Zahid Afzal, John L. Bookmyer, Louis M. Altman and Lee J. Burdman, formerly directors of Premier, to the WesBanco Board of Directors.
WHEELING, W.Va., Nov. 25, 2024 /PRNewswire/ -- WesBanco, Inc. (NASDAQ:WSBC), a diversified, multi-state bank holding company, announced today the appointment of Jan Pattishall-Krupinski to the role of Senior Executive Vice President and Chief Administrative Officer, effective immediately. This strategic move underscores the organization's commitment to advancing its leadership structure to support sustainable long-term growth and align with evolving business and stakeholder needs. In her new role, Pattishall-Krupinski, a WesBanco veteran, reports directly to WesBanco President
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
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