WesBanco

WesBanco, Inc. is a bank holding company, which engages in the provision of financial services. It operates through the following segments: Community Banking, and Trust and Investment Services. The Community Banking segment delivers services traditionally offered by service commercial banks, including commercial demand, individual demand, and time deposit accounts, as well as commercial, mortgage, and individual installment loans, and certain non-traditional offerings, such as insurance and securities brokerage services. The Trust and Investment Services segment includes trust services as well as alternative investment products including mutual funds. The company was founded on January 20, 1870 and is headquartered in Wheeling, WV.

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Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

WesBanco reports robust Q4 earnings, eyes growth in key markets

WesBanco's Q4 performance highlighted strong financials, operational excellence, and growth focus. The company anticipates stable NIM, offsetting rising deposit costs with loan repricing. Strategic initiatives include branch network optimization, fee income expansion, and pursuing growth opportunities in key markets.

WesBanco reports robust Q1 performance amidst margin pressure challenges

WesBanco's Q1 performance reflects a solid financial foundation with strong growth metrics and a focus on risk management. While challenges like margin pressure and uncertain loan growth persist, the company's strategic initiatives around deposit growth and expense management position it for long-term success and profitability.

WesBanco reports strong Q2 earnings, eyes loan growth opportunities

WesBanco's Q2 2023 earnings call highlighted strong financial performance, robust loan growth, and successful efforts to drive organic deposit growth. Despite challenges such as margin contraction, the company maintains stable deposits and focuses on disciplined expense management.
The company's strengths lie in solid earnings, healthy capital levels, and a prudent approach to liquidity management. Opportunities for optimizing loan portfolio performance, revenue diversification through deposit growth, and strategic capital management are key focus areas for future growth.
Navigating challenges in margin contraction, Fed rate impacts, and liquidity management while capitalizing on opportunities for expansion and profitability will be crucial for WesBanco's continued success in the evolving financial landscape.

WesBanco reports solid Q3 performance, eyes revenue growth opportunities

WesBanco's Q3 performance reflects a robust financial position with growth in deposits, loans, and stable fee income trends.
Strong capital levels, disciplined expense management, and strategic investments position the company for long-term success and profitability.
While facing short-term challenges like margin contraction and specific loan risks, WesBanco is focused on seizing opportunities for revenue growth and market engagement.

WesBanco reports solid Q4 earnings, eyes sustained growth in 2024

WesBanco's Q4 2023 performance reflects resilience and growth amidst industry challenges, supported by strong teams and strategic initiatives.
The company's focus on customer service, product innovation, and market expansion underscores its commitment to sustainable growth and market leadership.
While facing M&A market difficulties and credit considerations, WesBanco's strategic approach positions it for continued success and revenue enhancement in 2024.

WesBanco reports robust Q1 earnings, eyes M&A and fee-based growth

WesBanco's Q1 performance reflects strong profitability and strategic focus on growth and efficiency.
Despite challenges in the CRE space and classified loans, the company's resilience and proactive approach position it well for future opportunities.
Opportunities in M&A, fee-based income growth, and expense management underscore WesBanco's commitment to sustainable growth.
Navigating market dynamics and leveraging strengths in customer trust and financial stability will be key for WesBanco's continued success.

WesBanco reports robust Q2 earnings and plans $960 million merger

WesBanco's strong Q2 performance, coupled with the proposed merger with Premier Financial Corporation, positions the company for enhanced growth and financial performance. While challenges in integration and investment exist, the opportunities for synergies and market expansion are significant post-merger.

WesBanco reports robust Q3 earnings, eyes growth amid integration

WesBanco delivered a strong performance in Q3 2024, showcasing growth in key financial metrics and operational efficiency.
While facing challenges in noninterest income and upcoming acquisition integration, the company remains well-positioned for future opportunities.
By capitalizing on its strengths and addressing challenges effectively, WesBanco can navigate uncertainties and drive sustainable growth.

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WesBanco (WSBC) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

What Makes WesBanco (WSBC) a New Buy Stock

WesBanco, Inc. (NASDAQ:WSBC ) Q3 2024 Earnings Conference Call October 24, 2024 3:00 PM ET Company Participants John Iannone - Senior Vice President, Investor Relations Jeffrey Jackson - President and Chief Executive Officer Daniel Weiss - Chief Financial Officer Conference Call Participants Daniel Tamayo - Raymond James Financial, Inc. Russell Gunther - Stephens Inc. Catherine Mealor - Keefe, Bruyette & Woods, Inc. Manuel Navas - D.A. Davidson & Co. Karl Shepard - RBC Capital Markets David Bishop - Hovde Group, LLC Operator Hello, and welcome to the WesBanco Third Quarter 2024 Earnings Conference Call.

WesBanco, Inc. (WSBC) Q3 2024 Earnings Call Transcript

The headline numbers for WesBanco (WSBC) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

WesBanco (WSBC) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates

WesBanco (WSBC) came out with quarterly earnings of $0.56 per share, beating the Zacks Consensus Estimate of $0.52 per share. This compares to earnings of $0.59 per share a year ago.

WesBanco (WSBC) Surpasses Q3 Earnings Estimates

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.

WesBanco Announces Third Quarter 2024 Financial Results

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.

WesBanco, Inc. to Host 2024 Third Quarter Earnings Conference Call and Webcast on Thursday, October 24th

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).

WesBanco Declares Quarterly Cash Dividend upon Its Perpetual Preferred Stock

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.

WesBanco Bank Appoints Cris Gossard as Central Ohio Market President

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.

WesBanco Declares Quarterly Cash Dividend to Its Shareholders

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, Inc. Named to Newsweek's America's Greatest Workplaces for Parents & Families 2024

Premier Financial

NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Premier Financial Corp. (NasdaqGS: PFC) to WesBanco, Inc. (NasdaqGS: WSBC). Under the terms of the proposed transaction, shareholders of Premier will receive 0.80 of a share of WesBanco common stock for each share of Premier that they own. KSF is seeking to determine whether this consideration and the process.

PREMIER FINANCIAL INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Premier Financial Corp. - PFC

NEW YORK , July 26, 2024 /PRNewswire/ -- Rowley Law PLLC is investigating potential securities law violations by Premier Financial Corp. (NASDAQ: PFC) and its board of directors concerning the proposed acquisition of the company by WesBanco, Inc. (NASDAQ: WSBC). Stockholders will receive 0.80 shares of WesBanco common stock for each share of Premier Financial stock that they hold.

ALERT: Rowley Law PLLC is Investigating Proposed Acquisition of Premier Financial Corp.

WesBanco, Inc. (NASDAQ:WSBC ) Q2 2024 Earnings Conference Call July 26, 2024 10:00 AM ET Company Participants John Iannone - Senior Vice President, Investor Relations Jeff Jackson - President & Chief Executive Officer Dan Weiss - Senior Executive Vice President & Chief Financial Officer Conference Call Participants Karl Shepard - RBC Capital Markets Catherine Mealor - KBW Russell Gunther - Stephens David Bishop - Hovde Group Daniel Cardenas - Janney Montgomery Scott Manuel Navas - D.A. Davidson Operator Good morning and welcome to the WesBanco, Inc.'s Second Quarter 2024 Earnings and Proposed Merger Conference Call.

WesBanco, Inc. (WSBC) Q2 2024 Earnings Call Transcript

While the top- and bottom-line numbers for WesBanco (WSBC) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

WesBanco (WSBC) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates

WesBanco (WSBC) came out with quarterly earnings of $0.49 per share, missing the Zacks Consensus Estimate of $0.54 per share. This compares to earnings of $0.71 per share a year ago.

WesBanco (WSBC) Q2 Earnings Miss Estimates

NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether the merger of WesBanco, Inc. (NASDAQ: WSBC) and Premier Financial Corp. is fair to WesBanco shareholders. Upon completion of the proposed transaction, WesBanco shareholders will own approximately 62% of the combined company. Halper Sadeh encourages WesBanco shareholders to click here to learn more about their legal rights and options or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or s.

WSBC Stock Alert: Halper Sadeh LLC Is Investigating Whether the Merger of WesBanco, Inc. Is Fair to Shareholders

WesBanco has agreed to buy smaller rival Premier Financial in an all-stock deal valued at $959 million, the lenders said on Friday, offering another sign of growing consolidation in the U.S. regional banking industry.

Regional lender WesBanco to buy smaller rival Premier Financial in $959 mln deal

WHEELING, W. Va.--(BUSINESS WIRE)--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.

WesBanco, Inc. Announces Transformative Merger with Premier Financial Corp.

DEFIANCE, Ohio--(BUSINESS WIRE)--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).

Premier Financial Corp. Announces Second Quarter 2024 Results and Strategic Merger with Wesbanco, Inc.

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.

WesBanco Announces Second Quarter 2024 Financial Results

Award recognizes exceptional efforts to promote savings during America Saves Week WHEELING, W.Va. , July 22, 2024 /PRNewswire/ -- WesBanco, Inc. (Nasdaq: WSBC), a diversified, multi-state bank holding company, announces that its affiliate, WesBanco Bank, has earned the America Saves Designation of Savings Excellence (DOSE) award for the ninth consecutive year.

WesBanco Bank Earns 2024 Designation of Savings Excellence Award from America Saves

Recognized for building a culture of engagement, belonging and opportunity WHEELING, W.Va. , July 17, 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 2024.

WesBanco Inc. Named to Newsweek's America's Greatest Workplaces

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.

WesBanco Inc. Names Kimberly Griffith as Group Head, Human Resources and Facilities

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.

WesBanco, Inc. to Host 2024 Second Quarter Earnings Conference Call and Webcast on Friday, July 26th

WHEELING, W.Va. , June 7, 2024 /PRNewswire/ -- WesBanco, Inc. (Nasdaq: WSBC), a diversified, multi-state bank holding company, announces that its affiliate, WesBanco Bank, has named Patrick O'Malley to the role of Charleston/Huntington/Southeast Ohio (CHS) Market President and Senior Commercial Banker.

News for WesBanco Stock (WSBC)