Welcome to our dedicated page for Wesbanco news (Ticker: WSBC), a resource for investors and traders seeking the latest updates and insights on Wesbanco stock.
WesBanco, Inc. (WSBC) is a multi-state financial services provider combining community banking values with modern solutions. This page serves as the definitive source for all official company announcements, press releases, and market-related developments.
Investors and stakeholders will find timely updates on earnings reports, merger activities, leadership changes, and service expansions. Our curated news collection ensures transparent access to WSBC's strategic initiatives in retail banking, trust services, and regional market developments.
The repository includes critical updates across three key areas: financial performance disclosures, operational milestones, and regulatory filings. Each entry is categorized for efficient navigation, enabling users to track the company's progress in enhancing customer solutions and shareholder value.
Bookmark this page for streamlined access to WesBanco's evolving story. Regular visitors benefit from structured information that supports informed decision-making without promotional bias.
WesBanco reported Q1 2025 financial results, highlighting the successful acquisition of Premier Financial. The bank posted a net loss of $11.5 million (-$0.15 per share), primarily due to acquisition-related expenses and credit loss provisions. However, adjusted net income reached $51.2 million ($0.66 per share), compared to $33.2 million ($0.56 per share) in Q1 2024.
Key highlights:
- Total assets increased 54.2% to $27.4 billion
- Organic loan growth: 7.8% year-over-year
- Total deposits grew 57.8% to $21.3 billion
- Net interest margin improved to 3.35%
- Trust assets under management reached record $7.0 billion
The merger expanded WesBanco's market presence, adding approximately 900 employees and 70 financial centers. Credit quality metrics remained strong, with non-performing assets at 0.30% of total assets. The bank maintains strong regulatory capital ratios, with Tier I leverage at 11.01% and CET 1 at 9.99%.
WesBanco Inc. (NASDAQ: WSBC) has announced a quarterly cash dividend declaration for its 6.75% Non-Cumulative Perpetual Preferred Stock, Series A (WSBCP). The dividend of $0.421875 per depositary share ($16.875 per preferred share) covers the period from February 15, 2025, to May 15, 2025, payable to shareholders of record on May 1, 2025.
WesBanco operates as a regional financial services provider across nine states, with over $27 billion in total assets. The company's Trust and Investment Services manage more than $7 billion in assets, while holding securities account values exceeding $2 billion through their broker/dealer, including the recent Premier Financial acquisition completed on February 28, 2025.
WesBanco (NASDAQ:WSBC) has scheduled its 2025 first quarter earnings conference call and webcast for Wednesday, April 30, 2025, at 9:00 a.m. ET. The financial results will be released after market close on Tuesday, April 29, 2025.
President and CEO Jeffrey H. Jackson, along with CFO Daniel K. Weiss, Jr., will lead the presentation. The company recently completed the acquisition of Premier Financial on February 28, 2025.
WesBanco operates across nine states with over $27 billion in total assets. The company's Trust and Investment Services manages more than $7 billion in assets, while securities account values through their broker/dealer exceed $2 billion, including annuities.
WesBanco (WSBC) has successfully completed its acquisition of Premier Financial Corp, creating a regional financial institution with approximately $27 billion in assets. The merger positions WesBanco as the 81st largest insured depository organization in the United States and the 8th largest bank in Ohio.
The combined entity will operate through more than 250 financial centers across nine states: Indiana, Kentucky, Maryland, Michigan, Ohio, Pennsylvania, Tennessee, Virginia, and West Virginia. Former Premier directors Zahid Afzal, John L. Bookmyer, Louis M. Altman, and Lee J. Burdman have been appointed to WesBanco's Board of Directors.
Former Premier financial centers will continue operating under the Premier Bank name until customer and data conversion occurs in mid-May 2025, after which all locations will be rebranded as WesBanco.
WesBanco (WSBC) has declared a quarterly cash dividend of $0.37 per share to be paid on April 1, 2025, to shareholders of record on March 10, 2025. This represents an annualized cash dividend rate of $1.48 per common share.
The multi-state bank holding company, with over 150 years of community-focused service, operates across eight states offering retail and commercial banking, trust, brokerage, wealth management, and insurance services. As of December 31, 2024, WesBanco reported total assets of $18.7 billion, with Trust and Investment Services managing $6.0 billion in assets and securities account values of $1.9 billion through their broker/dealer division.
WesBanco (WSBC) has been named to Newsweek's 2025 America's Best Regional Banks list, highlighting its 155-year legacy as a community-focused financial services partner. President & CEO Jeff Jackson emphasized the bank's commitment to community development and exceptional financial services.
The recognition was based on a comprehensive evaluation process that included:
- Profitability and net loans/leases assessment
- Press coverage analysis over two years
- Survey of over 71,000 U.S. citizens
- Review of 1.9 million social media posts
- Analysis of 129 million app store reviews
This achievement adds to WesBanco's recent accolades, including recognition on Newsweek's lists of America's Greatest Workplaces and Greatest Workplaces for Parents & Families. The bank also maintained its eighth consecutive 'Outstanding' FDIC Community Reinvestment Act Rating and was listed on Forbes' inaugural America's Most Trusted Companies list.
WesBanco (WSBC) and Premier Financial Corp. (PFC) have received all necessary regulatory approvals for their pending merger, following overwhelming shareholder approval from both companies on December 11, 2024. The merger is expected to close around February 28, 2025, subject to customary closing conditions.
The combined entity will create a regional financial services institution with approximately $27 billion in assets. The merger will establish the 8th largest bank in Ohio by deposit market share, with expanded presence in Indiana and operations across nine states. WesBanco currently holds $18.7 billion in total assets, with Trust and Investment Services managing $6.0 billion in assets and $1.9 billion in securities account values through their broker/dealer as of December 31, 2024.
WesBanco (WSBC) reported Q4 2024 net income of $47.1 million ($0.70 per share), up from $32.4 million ($0.55 per share) in Q4 2023. Full-year 2024 net income was $141.4 million ($2.26 per share), compared to $148.9 million ($2.51 per share) in 2023.
The bank achieved strong loan growth of $1 billion (8.7% year-over-year), matched by deposit growth of $1 billion (7.3% year-over-year). Total portfolio loans reached $12.7 billion, while deposits stood at $14.1 billion. The net interest margin improved to 3.03%, up 8 basis points from Q3.
Q4 non-interest income increased 21% year-over-year to $36.4 million, driven by higher swap fees, service charges, and trust fees. Credit quality metrics remained favorable compared to peer banks, with non-performing assets at 0.22% of total assets.
Premier Financial Corp. (PFC) reported fourth quarter 2024 net income of $20.8 million, or $0.58 per diluted share, compared to $20.1 million ($0.56 per share) in Q4 2023. Excluding merger transaction costs, Q4 2024 earnings were $22.6 million or $0.63 per share.
Key Q4 highlights include a net interest margin increase to 2.63% (up 13 basis points from Q3), and an improved efficiency ratio of 57.1% excluding transaction costs. Total loans decreased by $115.7 million during Q4, while deposits declined by $292.8 million.
For full-year 2024, PFC reported net income of $71.4 million ($1.98 per share), down from $111.3 million ($3.11 per share) in 2023. The company announced a strategic merger with Wesbanco, Inc., where PFC shareholders will receive 0.80 shares of WSBC common stock for each PFC share, ultimately owning approximately 30% of the combined company.
WesBanco (Nasdaq: WSBC) has been recognized among Forbes' 2025 Most Trusted Companies in America, joining an elite group of 300 public companies. This recognition highlights the bank's dedication to its Mission, Vision and Pledge, which have guided its operations for nearly 155 years.
The prestigious listing was compiled through a partnership between Forbes and research firms HundredX, Signal AI, and Glassdoor, analyzing data across four key categories: employee trust, customer trust, investor trust, and media sentiment.
This achievement adds to WesBanco's growing list of accolades, including being named one of America's Best Banks by Forbes in 2024 and maintaining an 'Outstanding' FDIC Community Reinvestment Act Rating for eight consecutive evaluations. The latter recognition specifically acknowledges the bank's success in meeting community credit needs, particularly in low- and moderate-income neighborhoods.
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