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.
WesBanco, Inc. (Nasdaq:WSBC) announced its participation in two investor conferences: the Raymond James U.S. Bank Conference in Chicago on September 7, 2022, and the Janney Community Bank Forum in Atlanta on September 19-20, 2022. No formal presentations or webcasts will be available for these events. Founded in 1870, WesBanco offers a range of financial services across six states, with a strong emphasis on customer service and sustainable growth. The company manages approximately $4.8 billion in assets as of June 30, 2022.
WesBanco, Inc. (WSBC) has opened a new financial center in downtown Charleston, WV, revitalizing the area. The WesBanco Center combines historic architecture with modern design and offers a suite of digital banking services alongside personal customer support. Market President Toby Taylor emphasized the bank's commitment to customer relationships and community engagement. The bank has received numerous accolades, including being named one of the World's Best Banks and Best Big Bank in West Virginia. WesBanco operates 194 financial centers across six states, managing approximately $4.8 billion in assets.
WesBanco, Inc. (NASDAQ: WSBC) announced a quarterly cash dividend of $0.34 per share, payable on October 1, 2022 to shareholders of record by September 9, 2022. This dividend represents an annualized cash dividend rate of $1.36 per share. Recognized for its strong performance, WesBanco operates 194 financial centers across six states and manages approximately $4.8 billion in assets. The bank emphasizes a customer-centric approach and has been ranked as one of America's Best Banks by Forbes.
WesBanco, Inc. (WSBC) reported a net income of $40.2 million for Q2 2022, translating to earnings per share (EPS) of $0.67, down from $68.1 million and $1.01 per share in Q2 2021. This decline reflects a lack of provision releases seen in the previous year. Total loans reached $10.2 billion, growing 5.4% sequentially, while deposits stood at $13.6 billion, marking a 5.3% year-over-year increase. Non-interest income fell by 25.3% to $27 million, largely due to lower mortgage banking income. WesBanco repurchased 1.1 million shares, emphasizing capital return to shareholders.
WesBanco, Inc. (Nasdaq:WSBC) has announced a quarterly cash dividend of $0.421875 per depositary share on its 6.75% Non-Cumulative Perpetual Preferred Stock, Series A (WSBCP). The dividend covers the period from May 15, 2022 to August 15, 2022, payable on August 15, 2022, to shareholders of record as of August 1, 2022. This reflects the company's ongoing commitment to returning value to shareholders while maintaining its diversified operations across six states.
WesBanco, Inc. (Nasdaq: WSBC) has been recognized for the fourth consecutive year in Forbes' Best-In-State Banks List, earning the title of #1 bank in Ohio and #2 in Kentucky. This recognition is based on customer satisfaction across various metrics, including trust and service quality. The bank's CEO, Todd F. Clossin, highlighted the achievement as a testament to their employee dedication and commitment to customer-centric service. WesBanco offers a variety of financial services and aims for sustainable growth through investments in technology and market expansion.
WesBanco, Inc. (NASDAQ: WSBC) will host a conference call on July 27, 2022, at 10:00 a.m. ET to discuss its financial results for the second quarter of 2022. The results will be made available after market close on July 26, 2022. Participants can access the live webcast via the Company's Investor Relations page. A replay will be available shortly after the call ends, running through August 10, 2022.
Wesbanco, Inc. (NASDAQ: WSBC) has appointed Jeffrey H. Jackson as Senior Executive Vice President and Chief Operating Officer, effective August 15, 2022. He succeeds Todd Clossin, who plans to retire on January 1, 2024, after nearly 10 years in the role. Jackson brings extensive experience from First Horizon Bank and previously worked at IBM. With a focus on leadership and strategic growth, he aims to advance Wesbanco's valued traditions in a transitioning banking landscape. Clossin will remain on the Board after his retirement, ensuring continuity during this transition.
WesBanco (NASDAQ: WSBC) announced the appointment of Richard Hunt as Executive Vice President and Director of Commercial & Industrial Banking on June 9, 2022. Hunt, a seasoned industry veteran with over 30 years of experience, will steer the strategic direction of the bank's Commercial & Industrial Banking division. His prior roles include Maryland Market President for Atlantic Union Bank and Regional President at Northwest Bank. This leadership change aims to enhance core capabilities, develop new revenue products, and strengthen the team for long-term growth opportunities.
WesBanco, Inc. (Nasdaq: WSBC) announced the election of Rosie Allen-Herring to its Board of Directors during the Annual Meeting held on April 20, 2022. Allen-Herring, with over 30 years of experience in finance and community involvement, has notably raised approximately $245 million as CEO of the United Way National Capital Area. Her leadership is expected to enhance WesBanco's community focus and growth strategies. Allen-Herring's background includes roles at Old Line Bank and Fannie Mae, and she holds degrees from Howard University and Strayer University.