Wesbanco Inc Stock Price, News & Analysis

WesBanco, Inc. (Nasdaq:WSBC) announced that key executives will participate in the 11th Annual Stephens Bank Forum on September 22, 2021. The team includes Todd F. Clossin, President and CEO; Robert H. Young, CFO; and Daniel K. Weiss, Jr., Chief Accounting Officer. The event will not feature a formal presentation or webcast. WesBanco, founded in 1870, is a diversified financial services company operating 206 financial centers across six states and managing approximately $5.5 billion in assets.

WesBanco, Inc. (Nasdaq: WSBC) announced the retirement of Chief Financial Officer Robert H. Young, effective December 31, 2021. Daniel K. Weiss, Jr. will take over as CFO. Young has played a critical role in the company's growth, overseeing its transformation from $2 billion in assets to $17 billion through nine mergers. Weiss, who has been with WesBanco since 2008, has served as Senior Vice President and Chief Accounting Officer. Young will assist with the transition in a consulting capacity for six months post-retirement.

WesBanco, Inc. (NASDAQ: WSBC) announced participation in the Raymond James U.S. Bank Virtual Conference on September 8-9, 2021. CEO Todd F. Clossin and CFO Robert H. Young will be present; however, no formal presentation or webcast will be available. Founded in 1870, WesBanco operates 206 financial centers across six states, offering a range of banking and financial services, including trust and investment services with approximately $5.5 billion in assets under management as of June 30, 2021.

WesBanco reported strong financial results for Q2 2021, with net income of $68.1 million and diluted EPS of $1.01, a significant increase from $4.5 million and $0.07 per share in Q2 2020. For the six months, net income reached $138.6 million or $2.06 per share, up from $27.9 million or $0.41. Deposit growth was 14.0% year-over-year, while trust assets rose 22.2%. However, total loans decreased 6.5% due to the forgiveness of SBA PPP loans.

WesBanco, Inc. (Nasdaq:WSBC) announced a quarterly cash dividend of $0.421875 per depositary share on its 6.75% Non-Cumulative Perpetual Preferred Stock, Series A. This dividend covers the period from May 15, 2021 to August 15, 2021, and is payable on August 16, 2021 to shareholders of record as of August 2, 2021. This marks a continual return to shareholders, reinforcing WesBanco's commitment to delivering value.

WesBanco, Inc. (Nasdaq: WSBC) announces a conference call on July 28, 2021, at 10:00 a.m. ET to discuss its second-quarter financial results. The results will be released after market close on July 27, 2021.

CEO Todd F. Clossin and CFO Robert H. Young will lead the discussion, accessible via a live webcast or by phone. The replay will begin at noon ET on July 28 and will be available until August 11, 2021. WesBanco, founded in 1870, is a diversified financial services company with significant market share across six states.

WesBanco, Inc. (Nasdaq:WSBC) has declared a quarterly cash dividend of $0.33 per share, payable on July 1, 2021. Shareholders of record as of June 11, 2021 will receive this dividend, representing an annualized rate of $1.32 per share. The announcement reflects the company's commitment to delivering consistent returns to its shareholders amidst its diversified financial services across six states, emphasizing both community involvement and sustainable growth.

WesBanco (Nasdaq: WSBC) announced that Todd F. Clossin, President and CEO, and Robert H. Young, CFO, will participate in the D.A. Davidson 23rd Annual Financial Institutions Virtual Conference on May 5-6, 2021. The conference will not feature a formal presentation or webcast. Founded in 1870, WesBanco is a multi-state bank holding company with a commitment to community banking, offering a range of services including trust, wealth management, and commercial products. The bank oversees approximately $5.2 billion in assets under management as of March 31, 2021.