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. operates as a diversified, multi-state bank holding company through WesBanco Bank, providing retail and commercial banking, mortgage banking, trust, brokerage, wealth management and insurance services. News about WSBC commonly centers on quarterly earnings, net interest margin, loan and deposit trends, credit costs, commercial real estate payoffs, and the performance of its Community Banking and Trust and Investment Services businesses.
Company updates also cover market expansion, including commercial banking growth in South Florida; common and Series B preferred stock dividends; executive and risk-management leadership; and recognition tied to regional banking, community reinvestment and customer service. WesBanco's completed Premier Financial acquisition is a recurring context for merger-related expenses, acquired loans and pro forma financial comparisons.
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WesBanco, Inc. (Nasdaq: WSBC) announced that key executives, including President Todd F. Clossin, COO Jeffrey H. Jackson, and CFO Daniel K. Weiss, Jr., will participate in the 2023 RBC Capital Markets Global Financial Institutions Conference in New York City on March 8, 2023. The conference will not feature a formal presentation or webcast. Founded in 1870, WesBanco is a diversified financial services company operating in six states and recognized by Forbes as one of America's Best Banks. It offers a range of services, including trust and wealth management with approximately $4.9 billion in assets under management as of December 31, 2022.
WesBanco, Inc. (NASDAQ:WSBC) has declared a quarterly cash dividend of $0.35 per share, with an annualized rate of $1.40 per common share. The payment is set for April 1, 2023, to shareholders recorded on March 10, 2023.
This decision reflects WesBanco's commitment to returning value to shareholders and enhances its reputation as a financially stable institution.
WesBanco, Inc. (NASDAQ: WSBC), a multi-state bank holding company, announced that its executives, including President Todd F. Clossin, COO Jeffrey H. Jackson, and CFO Daniel K. Weiss Jr., will attend the KBW Winter Financial Services Conference in Boca Raton, FL on February 16-17, 2023. The event will not feature a formal presentation or webcast. Founded in 1870, WesBanco offers a range of financial services across six states, managing approximately $4.9 billion in assets. The company is recognized by Forbes as one of America's Best Banks and Best Midsize Employers.
WesBanco, Inc. (Nasdaq: WSBC) reported fourth-quarter 2022 net income of $49.7 million, translating to diluted earnings per share of $0.84, slightly down from $51.6 million and $0.82 for Q4 2021. For the full year, net income was $182.0 million, or $3.02 per diluted share, compared to $232.1 million and $3.53 in 2021. Loan growth was robust at 11.7% year-over-year, while net interest margin improved by 16 basis points to 3.49%. Non-interest income fell 9.6% due to lower mortgage banking income, but non-interest expenses increased just 2.6% year-over-year, reflecting cost control efforts. The company remains well-capitalized with strong credit metrics.
WesBanco, Inc. (NASDAQ: WSBC) has declared a quarterly cash dividend of $0.421875 per depositary share, or $16.875 per share, on its 6.75% Non-Cumulative Perpetual Preferred Stock, Series A (NASDAQ: WSBCP). The dividend covers the period from November 15, 2022 to February 15, 2023. Shareholders of record as of February 1, 2023, will receive the cash dividend payable on February 15, 2023. This announcement reinforces WesBanco's commitment to returning value to investors through dividends.
WesBanco, Inc. (NASDAQ: WSBC) announced the promotion of Scott Love to Executive Vice President of Wealth Management, succeeding Jon Dargusch, who retired on December 31, 2022. Love, who joined the bank in 2012, has over 20 years of investment experience and previously served as Chief Investment Strategist. Under Dargusch's leadership, the wealth management division grew significantly, with assets under management increasing by 60% to $4.6 billion by September 30, 2022. WesBanco has been recognized as a top midsize bank for employee satisfaction and financial success.
WesBanco, Inc. (Nasdaq:WSBC) has announced a conference call scheduled for January 25, 2023, at 10:00 a.m. ET to discuss its fourth quarter 2022 financial results. The results will be released after market close on January 24, 2023. The call will feature President and CEO Todd F. Clossin, COO Jeffrey H. Jackson, and CFO Daniel K. Weiss, Jr. Participants can join the call via phone or through a live webcast on WesBanco's Investor Relations website. A replay will be available from January 25 to February 8, 2023.
WesBanco, Inc. (Nasdaq:WSBC) has appointed Abdul Muhammad as the new Central Kentucky Market President, while he retains his role as Regional Sales Manager for Central Kentucky and Southern Indiana. Muhammad brings over 25 years of banking experience and has contributed to WesBanco's growth and community engagement. Under his leadership, the bank aims to enhance residential lending and strengthen market strategies. WesBanco is recognized for its commitment to employee satisfaction and community service, operating 194 financial centers across six states.