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WESBANCO (WSBC)

Earnings summaries and quarterly performance for WESBANCO.

Recent press releases and 8-K filings for WSBC.

Wesbanco Reports Q3 2025 Financial and Operational Highlights
WSBC
Earnings
M&A
Convertible Preferred Issuance
  • Wesbanco reported Net Income Available to Common Shareholders of $90.0 million and Diluted EPS of $0.94/share for Q3 2025. The Net Interest Margin (NIM) was 3.53%, an increase of 58 basis points year-over-year, and the efficiency ratio improved to 55.1%.
  • Total loans increased 52.0% year-over-year to $18.9 billion, and total deposits increased 53.8% year-over-year to $21.3 billion, primarily driven by the Premier Financial Corp (PFC) acquisition. Organic loan growth was 4.8% year-over-year and 2.2% quarter-over-quarter annualized.
  • The company plans to close 27 financial center locations in early-2026, expecting approximately $6 million in net pre-tax savings. Additionally, on September 10, 2025, Wesbanco raised $230 million through the issuance of Series B preferred stock, with proceeds allocated to redeem Series A preferred stock, sub-debt from PFC, and general corporate purposes.
Nov 5, 2025, 9:27 PM
WesBanco Announces Redemption of Series A Preferred Stock
WSBC
Debt Issuance
Dividends
  • WesBanco, Inc. (WSBC) will redeem all 150,000 outstanding shares of its 6.75% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series A, and 6,000,000 related depositary shares (WSBCP) on November 15, 2025.
  • The redemption price is $1,000 per share of Series A Preferred Stock or $25.00 per Depositary Share.
  • This redemption will be funded with a portion of the net proceeds from WesBanco's previously disclosed public offering of Series B Preferred Stock, which was completed on September 17, 2025.
  • On and after the Redemption Date, no Series A Preferred Stock or Depositary Shares will remain outstanding, and trading of the Depositary Shares on the NASDAQ Stock Market will cease.
Nov 4, 2025, 2:00 PM
WesBanco Reports Strong Q3 2025 Earnings, Loan Growth, and Strategic Optimizations
WSBC
Earnings
Guidance Update
Debt Issuance
  • WesBanco reported diluted earnings per share of $0.94 (excluding merger-related charges) and net income of $90 million (excluding merger and restructuring expenses) for Q3 2025, representing a 68% year-over-year increase in EPS.
  • The company achieved 4.8% year-over-year organic loan growth and $570 million in year-over-year organic deposit growth, fully funding loan growth. The net interest margin (NIM) for Q3 2025 was 3.53%, a 58 basis point improvement year-over-year, and is anticipated to rebound to the mid to high 350s in Q4.
  • WesBanco's efficiency ratio improved to 55% and is expected to continue improving through 2026. The company also announced the closure of 27 financial centers, projected to generate approximately $6 million in net pre-tax annual savings.
  • WesBanco raised $230 million of Series B preferred stock and expects its CET1 ratio to build 15-20 basis points per quarter. The company anticipates mid-single-digit year-over-year loan growth for 2025 and mid to upper single-digit loan growth for 2026.
Oct 23, 2025, 7:00 PM
WesBanco Reports Strong Q3 2025 Earnings with Significant Growth and Operational Improvements
WSBC
Earnings
Guidance Update
M&A
  • WesBanco reported strong third-quarter 2025 results, with net income (excluding merger-related charges) of $90 million and diluted earnings per share of $0.94, representing a 68% year-over-year increase in EPS.
  • The company achieved robust loan growth, with total portfolio loans increasing 52% year-over-year to $18.9 billion, and organic loan growth of 4.8% year-over-year. This growth was fully funded by organic deposit growth of over $570 million year-over-year.
  • WesBanco's net interest margin improved 58 basis points year-over-year to 3.53%, and the efficiency ratio improved 10 percentage points year-over-year to 55%. Non-interest income also saw significant growth, increasing 51.5% year-over-year to $44.9 million.
  • The company is optimizing its financial center network by closing 27 locations in legacy markets, which is expected to generate approximately $6 million in net pre-tax annual savings.
  • WesBanco raised $230 million of Series B preferred stock to redeem existing Series A preferred stock and subordinated debt, with an internal target for the CET1 ratio between 10.5% and 11%.
Oct 23, 2025, 7:00 PM
Wesbanco Completes Public Offering of Series B Preferred Stock
WSBC
Dividends
  • Wesbanco, Inc. (WSBC) completed a public offering of 9,200,000 depositary shares on September 17, 2025.
  • Each depositary share represents 1/40th of a share of 7.375% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series B, with a liquidation preference of $25.00 per depositary share (equivalent to $1,000.00 per preferred share).
  • The Series B Preferred Stock ranks senior to the company's common stock and on parity with its 6.75% Fixed-Rate Reset Non-Cumulative Perpetual Series A Preferred Stock regarding dividend rights and liquidation.
  • Dividends on the Series B Preferred Stock are non-cumulative and accrue at a rate of 7.375% per annum on the liquidation preference until the First Reset Date.
  • The company filed Articles of Amendment on September 15, 2025, establishing the terms for the Series B Preferred Stock, with 230,000 initially authorized shares of Series B Preferred Stock.
Sep 17, 2025, 8:01 PM
Wesbanco Announces Pricing of $230 Million Preferred Stock Offering
WSBC
Debt Issuance
New Projects/Investments
  • Wesbanco has priced an underwritten public offering of 9,200,000 depositary shares, each representing a 1/40th interest in a share of 7.375% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series B.
  • The offering, totaling $230 million, is expected to close on or about September 17, 2025.
  • Approximately $150 million of the net proceeds will be used to redeem outstanding 6.75% Series A Preferred Stock, and $50 million will redeem 4.0% Fixed-To-Floating Rate Subordinated Notes due September 30, 2030.
  • The remaining net proceeds are designated for general corporate purposes, which may include repayment of indebtedness, capital expenditures, contributions to Wesbanco Bank, funding acquisitions, and working capital.
Sep 12, 2025, 8:01 PM
Wesbanco Announces Pricing of Preferred Stock Offering
WSBC
Debt Issuance
Dividends
  • Wesbanco, Inc. has priced an underwritten public offering of 9,200,000 depositary shares, each representing a 1/40th interest in 7.375% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series B, with a liquidation preference of $1,000 per share (equivalent to $25 per depositary share). The offering is expected to close on or about September 17, 2025.
  • Wesbanco intends to use approximately $150 million of the net proceeds to redeem its outstanding 6.75% Series A Preferred Stock and $50 million to redeem its 4.0% Fixed-To-Floating Rate Subordinated Notes due September 30, 2030. The remaining net proceeds will be used for general corporate purposes.
  • Dividends on the Series B Preferred Stock will accrue and be payable quarterly, in arrears, at a rate of 7.375% per annum until October 1, 2030, and then at a rate equal to the five-year treasury rate plus 3.795%. Wesbanco intends to list the depositary shares on The Nasdaq Global Select Market under the symbol "WSBCPB".
Sep 11, 2025, 12:30 AM
Wesbanco, Inc. Reports Strong Q2 2025 Financial Results Driven by Acquisition
WSBC
Earnings
M&A
  • Wesbanco, Inc. reported Q2 2025 financial highlights, including $87.3 million in net income available to common shareholders and $0.91/share diluted EPS. The net interest margin (NIM) improved to 3.59%, up 24 basis points quarter-over-quarter and 64 basis points year-over-year.
  • Total loans increased 53.6% year-over-year to $18.8 billion, and total deposits increased 57.5% year-over-year to $21.2 billion, primarily due to the Premier Financial Corp. (PFC) acquisition, which closed in February 2025.
  • The company's efficiency ratio improved to 55.5%, and wealth management assets under management reached a record $7.2 billion for Trust & Investment Services and $2.6 billion for broker-dealer securities account values.
Sep 2, 2025, 1:01 PM