Wesbanco Inc Financials

WSBC

Source SEC Filings (10-K/10-Q) Updated Sep 30, 2025 Currency USD FYE December

This page shows Wesbanco Inc (WSBC) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 16 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Financial Profile 49/100

Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores

Growth

Wesbanco Inc's revenue surged 16.0% year-over-year to $825.6M, reflecting rapid business expansion. This strong growth earns a score of 74/100.

Leverage

Wesbanco Inc has elevated debt relative to equity (D/E of 5.70), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 0/100, reflecting increased financial risk.

Cash Flow

100

Wesbanco Inc converts 24.3% of revenue into free cash flow ($200.7M). This strong cash generation earns a score of 100/100.

Returns

Wesbanco Inc generates a 5.4% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 22/100. This is down from 6.3% the prior year.

Piotroski F-Score Neutral

4/9

Wesbanco Inc passes 4 of 9 financial strength tests. 3 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.

Earnings Quality Cash-Backed

1.39x

For every $1 of reported earnings, Wesbanco Inc generates $1.39 in operating cash flow ($211.0M OCF vs $151.5M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Revenue

$825.6M

YoY+16.0%

5Y CAGR+11.3%

10Y CAGR+14.3%

Wesbanco Inc generated $825.6M in revenue in fiscal year 2024. This represents an increase of 16.0% from the prior year.

EBITDA

N/A

Free Cash Flow

$200.7M

YoY+36.7%

5Y CAGR+5.8%

10Y CAGR+8.7%

Wesbanco Inc generated $200.7M in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 36.7% from the prior year.

Net Income

$151.5M

YoY-4.7%

5Y CAGR-0.9%

10Y CAGR+8.0%

Wesbanco Inc reported $151.5M in net income in fiscal year 2024. This represents a decrease of 4.7% from the prior year.

EPS (Diluted)

$2.26

YoY-10.0%

5Y CAGR-4.4%

10Y CAGR-0.6%

Wesbanco Inc earned $2.26 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 10.0% from the prior year.

Cash & Debt

$568.1M

YoY-4.6%

5Y CAGR+19.3%

10Y CAGR+19.7%

Wesbanco Inc held $568.1M in cash against $0 in long-term debt as of fiscal year 2024.

Dividends Per Share

$1.45

YoY+2.8%

5Y CAGR+3.2%

10Y CAGR+5.1%

Wesbanco Inc paid $1.45 per share in dividends in fiscal year 2024. This represents an increase of 2.8% from the prior year.

Shares Outstanding

67M

YoY+12.7%

5Y CAGR-0.3%

10Y CAGR+8.6%

Wesbanco Inc had 67M shares outstanding in fiscal year 2024. This represents an increase of 12.7% from the prior year.

Gross Margin

N/A

Operating Margin

N/A

Net Margin

18.4%

YoY-4.0pp

5Y CAGR-14.5pp

10Y CAGR-14.1pp

Wesbanco Inc's net profit margin was 18.4% in fiscal year 2024, showing the share of revenue converted to profit. This is down 4.0 percentage points from the prior year.

Return on Equity

5.4%

YoY-0.8pp

5Y CAGR-0.7pp

10Y CAGR-3.5pp

Wesbanco Inc's ROE was 5.4% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is down 0.8 percentage points from the prior year.

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

$10.3M

YoY-54.1%

5Y CAGR-3.3%

10Y CAGR+3.4%

Wesbanco Inc invested $10.3M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 54.1% from the prior year.

WSBC Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	$825.6M+16.0%	$711.5M+38.5%	$513.7M+5.9%	$485.0M-10.4%	$541.3M+11.8%	$484.3M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$347.4M+50.9%	$230.2M+485.1%	$39.3M+45.5%	$27.0M-56.3%	$61.8M-26.7%	$84.3M
Income Tax	$33.6M-4.0%	$35.0M-20.9%	$44.3M-25.7%	$59.6M+158.7%	$23.0M-32.9%	$34.3M
Net Income	$151.5M-4.7%	$159.0M-17.2%	$192.1M-20.7%	$242.3M+98.5%	$122.0M-23.2%	$158.9M
EPS (Diluted)	$2.26-10.0%	$2.51-16.9%	$3.02-14.4%	$3.53+99.4%	$1.77-37.5%	$2.83

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Revenue	$342.9M+1.9%	$336.4M+32.8%	$253.2M+18.6%	$213.6M+5.2%	$203.0M+3.9%	$195.3M+2.1%	$191.3M+4.2%	$183.6M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$126.2M+5.5%	$119.6M+26.3%	$94.7M+8.8%	$87.1M+0.8%	$86.4M+6.2%	$81.4M+10.6%	$73.6M+11.6%	$65.9M
Income Tax	$19.7M+45.6%	$13.6M+2114.6%	-$673K-105.5%	$12.3M+101.8%	$6.1M-20.8%	$7.7M-10.1%	$8.6M+14.8%	$7.5M
Net Income	$83.6M+45.6%	$57.4M+738.5%	-$9.0M-118.1%	$49.6M+71.6%	$28.9M-19.0%	$35.7M+2.1%	$35.0M-5.1%	$36.8M
EPS (Diluted)	$0.84+47.4%	$0.57+480.0%	$-0.15-120.8%	$0.72+63.6%	$0.44-21.4%	$0.56+1.8%	$0.55-5.2%	$0.58

WSBC Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$18.7B+5.5%	$17.7B+4.6%	$16.9B0.0%	$16.9B+3.1%	$16.4B+4.5%	$15.7B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$568.1M-4.6%	$595.4M+45.8%	$408.4M-67.4%	$1.3B+38.2%	$905.4M+285.6%	$234.8M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$1.1B0.0%	$1.1B0.0%	$1.1B0.0%	$1.1B0.0%	$1.1B0.0%	$1.1B
Total Liabilities	$15.9B+4.7%	$15.2B+4.6%	$14.5B+1.9%	$14.2B+4.1%	$13.7B+4.1%	$13.1B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$2.8B+10.2%	$2.5B+4.4%	$2.4B-9.9%	$2.7B-2.3%	$2.8B+6.3%	$2.6B
Retained Earnings	$1.2B+4.3%	$1.1B+6.0%	$1.1B+10.2%	$977.8M+17.6%	$831.7M+0.8%	$824.7M

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Total Assets	$27.5B-0.2%	$27.6B+0.6%	$27.4B+46.7%	$18.7B+3.1%	$18.1B+2.0%	$17.8B+0.3%	$17.7B+2.1%	$17.3B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$1.0B-12.9%	$1.2B+6.0%	$1.1B+92.2%	$568.1M+16.7%	$486.8M-4.5%	$509.7M-14.4%	$595.4M+20.3%	$495.1M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$1.6B0.0%	$1.6B0.0%	$1.6B+45.5%	$1.1B	N/A	N/A	$1.1B	N/A
Total Liabilities	$23.4B-1.5%	$23.8B+0.5%	$23.6B+48.7%	$15.9B+2.0%	$15.6B+2.3%	$15.2B+0.4%	$15.2B+1.9%	$14.9B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$4.1B+7.8%	$3.8B+1.0%	$3.8B+35.5%	$2.8B+9.7%	$2.5B+0.2%	$2.5B+0.2%	$2.5B+3.5%	$2.4B
Retained Earnings	$1.2B+3.9%	$1.2B+1.7%	$1.1B-3.9%	$1.2B+2.8%	$1.2B+0.4%	$1.2B+1.0%	$1.1B+1.0%	$1.1B

WSBC Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	$211.0M+24.6%	$169.3M-17.1%	$204.1M-39.3%	$336.3M+464.2%	$59.6M-63.5%	$163.4M
Capital Expenditures	$10.3M-54.1%	$22.5M+181.7%	$8.0M-6.4%	$8.5M+13.0%	$7.6M-38.1%	$12.2M
Free Cash Flow	$200.7M+36.7%	$146.8M-25.2%	$196.2M-40.2%	$327.8M+529.6%	$52.1M-65.6%	$151.2M
Investing Cash Flow	-$1.0B-92.5%	-$535.2M+49.9%	-$1.1B-225.2%	-$328.5M-668.4%	$57.8M-44.3%	$103.8M
Financing Cash Flow	$791.9M+43.2%	$552.9M+2523.6%	$21.1M-93.8%	$338.1M-38.9%	$553.3M+374.5%	-$201.5M
Dividends Paid	$87.4M+6.2%	$82.3M+1.2%	$81.3M-6.0%	$86.5M+1.4%	$85.3M+28.1%	$66.6M
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Operating Cash Flow	$116.9M+11.3%	$105.0M+497.6%	-$26.4M-139.2%	$67.4M+270.6%	$18.2M-71.9%	$64.6M+36.5%	$47.4M-26.0%	$64.0M
Capital Expenditures	$2.0M-70.7%	$6.8M+56.4%	$4.3M-5.8%	$4.6M+630.5%	-$866K-131.3%	$2.8M-5.5%	$2.9M+9.8%	$2.7M
Free Cash Flow	$114.9M+16.9%	$98.3M+419.6%	-$30.7M-148.9%	$62.8M+262.6%	$17.3M-72.0%	$61.9M+39.2%	$44.4M-27.6%	$61.4M
Investing Cash Flow	-$118.0M-21.6%	-$97.1M-127.0%	$359.5M+234.5%	-$267.3M+25.5%	-$358.7M-109.7%	-$171.1M+23.4%	-$223.3M-157.7%	-$86.7M
Financing Cash Flow	-$147.7M-357.6%	$57.3M-69.9%	$190.5M+29.5%	$147.1M-53.7%	$317.6M+1433.2%	$20.7M-92.5%	$276.2M+719.4%	-$44.6M
Dividends Paid	$35.2M+0.1%	$35.2M+43.4%	$24.5M+2.8%	$23.8M+12.6%	$21.2M0.0%	$21.2M+2.9%	$20.6M0.0%	$20.6M
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

WSBC Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	18.4%-4.0pp	22.4%-15.0pp	37.4%-12.6pp	50.0%+27.4pp	22.6%-10.3pp	32.8%
Return on Equity	5.4%-0.8pp	6.3%-1.6pp	7.9%-1.1pp	9.0%+4.6pp	4.4%-1.7pp	6.1%
Return on Assets	0.8%-0.1pp	0.9%-0.2pp	1.1%-0.3pp	1.4%+0.7pp	0.7%-0.3pp	1.0%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	5.70-0.3	5.99+0.0	5.98+0.7	5.29+0.3	4.96-0.1	5.06
FCF Margin	24.3%+3.7pp	20.6%-17.6pp	38.2%-29.4pp	67.6%+58.0pp	9.6%-21.6pp	31.2%

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	24.4%+7.3pp	17.1%+20.6pp	-3.5%-26.8pp	23.2%+9.0pp	14.2%-4.0pp	18.3%0.0pp	18.3%-1.8pp	20.1%
Return on Equity	2.0%+0.5pp	1.5%	N/A	1.8%+0.6pp	1.1%-0.3pp	1.4%+0.0pp	1.4%-0.1pp	1.5%
Return on Assets	0.3%+0.1pp	0.2%+0.2pp	-0.0%-0.3pp	0.3%+0.1pp	0.2%-0.0pp	0.2%0.0pp	0.2%0.0pp	0.2%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	5.68-0.5	6.22-0.0	6.25+0.6	5.70-0.4	6.13+0.1	6.000.0	5.99-0.1	6.09
FCF Margin	33.5%+4.3pp	29.2%+41.4pp	-12.1%-41.6pp	29.4%+20.9pp	8.5%-23.1pp	31.7%+8.5pp	23.2%-10.2pp	33.4%

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Frequently Asked Questions

What is Wesbanco Inc's annual revenue?

Wesbanco Inc (WSBC) reported $825.6M in total revenue for fiscal year 2024. This represents a 16.0% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Wesbanco Inc's revenue growing?

Wesbanco Inc (WSBC) revenue grew by 16% year-over-year, from $711.5M to $825.6M in fiscal year 2024.

Is Wesbanco Inc profitable?

Yes, Wesbanco Inc (WSBC) reported a net income of $151.5M in fiscal year 2024, with a net profit margin of 18.4%.

What is Wesbanco Inc's earnings per share (EPS)?

Wesbanco Inc (WSBC) reported diluted earnings per share of $2.26 for fiscal year 2024. This represents a -10.0% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

What is Wesbanco Inc's net profit margin?

Wesbanco Inc (WSBC) had a net profit margin of 18.4% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

Does Wesbanco Inc pay dividends?

Yes, Wesbanco Inc (WSBC) paid $1.45 per share in dividends during fiscal year 2024.

What is Wesbanco Inc's return on equity (ROE)?

Wesbanco Inc (WSBC) has a return on equity of 5.4% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.

What is Wesbanco Inc's free cash flow?

Wesbanco Inc (WSBC) generated $200.7M in free cash flow during fiscal year 2024. This represents a 36.7% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Wesbanco Inc's operating cash flow?

Wesbanco Inc (WSBC) generated $211.0M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Wesbanco Inc's total assets?

Wesbanco Inc (WSBC) had $18.7B in total assets as of fiscal year 2024, including both current and long-term assets.

What are Wesbanco Inc's capital expenditures?

Wesbanco Inc (WSBC) invested $10.3M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

How many shares does Wesbanco Inc have outstanding?

Wesbanco Inc (WSBC) had 67M shares outstanding as of fiscal year 2024.

What is Wesbanco Inc's debt-to-equity ratio?

Wesbanco Inc (WSBC) had a debt-to-equity ratio of 5.70 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Wesbanco Inc's return on assets (ROA)?

Wesbanco Inc (WSBC) had a return on assets of 0.8% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is Wesbanco Inc's Piotroski F-Score?

Wesbanco Inc (WSBC) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Wesbanco Inc's earnings high quality?

Wesbanco Inc (WSBC) has an earnings quality ratio of 1.39x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is Wesbanco Inc?

Wesbanco Inc (WSBC) scores 49 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.