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, Inc. (WSBC) reported Q1 2022 net income of $41.6 million, translating to diluted earnings per share (EPS) of $0.68, down from $70.6 million and $1.05 EPS in Q1 2021. Excluding restructuring and merger-related expenses, adjusted net income was $42.9 million, or $0.70 EPS. Loan growth improved by 0.9%, while deposits increased 7.3% year-over-year. The net interest margin was 2.95%, a decrease from the prior year. The company executed a $150 million capital raise and continued share repurchases, buying back 1.7 million shares.
WesBanco, Inc. (Nasdaq: WSBC) has been recognized as one of the World's Best Banks by Forbes for the fourth consecutive year, ranking 30th—up 16 positions from previous years. This ranking reflects high customer satisfaction, with strong scores in various categories such as digital services and financial advice. WesBanco attributes its success to a customer-centric service culture and commitment to long-term growth strategies, including expanding its market presence and investing in digital technology.
WesBanco, Inc. (Nasdaq: WSBC) announced the opening of a new loan production office in Indianapolis, targeting both commercial and residential mortgage lending. This move is part of its strategy for long-term growth, following a strong commitment to community relationships for over 150 years. The new office will be led by experienced bankers Michael McCulloch and Tony Thompson, tasked with developing client relationships. WesBanco has also received accolades, being named by Forbes as one of America's Best Banks and Best Midsize Employers.
WesBanco, Inc. (Nasdaq:WSBC) will host a conference call at 10:00 a.m. ET on April 27, 2022, to discuss its Q1 2022 financial results. The results are set to be released after market close on April 26, 2022. CEO Todd F. Clossin and CFO Daniel K. Weiss, Jr. will lead the discussion. Interested parties can access the live webcast on the company's Investor Relations page or dial in using the provided phone numbers. A replay will be available starting at 12:00 p.m. ET on April 27, 2022, until May 11, 2022.
Wesbanco, Inc. (WSBC) announced a public offering of $150 million in 3.75% Fixed-to-Floating Rate Subordinated Notes due 2032. Priced at 100% of principal, the Notes will accrue interest at 3.75% until April 1, 2027, when it will shift to a floating rate. The offering is set to close on March 23, 2022, and proceeds will support general corporate purposes, including debt repayment and acquisitions. The Notes qualify as Tier 2 capital and can be redeemed after April 1, 2027. The offering is managed by Keefe, Bruyette & Woods and RBC Capital Markets.
WesBanco, Inc. (Nasdaq:WSBC) has declared a quarterly cash dividend of $0.421875 per depositary share on its 6.75% Non-Cumulative Perpetual Preferred Stock, Series A (Nasdaq:WSBCP). This dividend covers the period from February 15, 2022 to May 15, 2022, and is payable on May 16, 2022, to shareholders of record as of May 1, 2022. This announcement reflects WesBanco’s commitment to providing consistent returns to its shareholders.
WesBanco, Inc. (WSBC), a multi-state bank holding company, announced that its President and CEO, Todd F. Clossin, along with CFO Daniel K. Weiss, Jr., will participate in the 26th Annual RBC Capital Markets Global Financial Institutions Virtual Conference on March 8, 2022. The event will not include a formal presentation or webcast. Founded in 1870, WesBanco operates 205 financial centers across six states and offers a comprehensive range of financial services, including trust and wealth management with $5.6 billion in assets under management as of December 31, 2021.
WesBanco, Inc. (Nasdaq: WSBC) has opened a new loan production office in the Nashville area to enhance its residential mortgage lending services. This initiative aims to foster long-term growth and strengthen local relationships. CEO Todd F. Clossin emphasized the company's dedication to community banking while adapting to new markets. WesBanco recently earned recognition from Forbes as one of America's Best Banks and Best Midsize Employers, reflecting its strong performance and commitment to employee success. Rick Trew has been appointed as the Nashville office's VP of Residential Lending.
WesBanco, Inc. (Nasdaq:WSBC) announced a new stock repurchase program authorizing the purchase of up to 3.2 million shares on the open market. This authorization complements the existing program with 0.2 million shares remaining, totaling approximately 5.4% of shares outstanding as of December 31, 2021. The program's execution will depend on market conditions and may involve various purchasing methods. The repurchase plan does not have an expiration date and may be funded through existing cash balances and available liquidity.
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