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.
News and updates for WesBanco, Inc. (NASDAQ: WSBC) focus on its activities as a diversified, multi-state bank holding company in the commercial banking sector. Company press releases highlight developments across its retail and commercial banking operations, trust and investment services, capital structure, and corporate governance.
Investors following WSBC news will see regular announcements about quarterly and annual financial results, including net income, earnings per share, loan and deposit trends, and net interest margin, as described in the company’s earnings releases. WesBanco also issues notices about upcoming earnings conference calls and webcasts, providing details on how to access live and archived presentations.
Another key category of WesBanco news involves capital and dividend actions. Recent releases describe increases in the quarterly cash dividend on common stock, quarterly dividends on preferred stock series, and the redemption of preferred stock and related depositary shares. The company also reports on offerings of preferred stock depositary shares and the use of proceeds for capital management purposes.
Operational and strategic updates appear frequently in WesBanco’s news flow. Examples include expansion into new markets through commercial loan production offices and new banking centers, financial center optimization initiatives, and leadership appointments in specific regions such as Western Pennsylvania and Tennessee. The company also publicizes third‑party recognitions, such as being named one of America’s Best Regional Banks by Newsweek and earning consecutive "Outstanding" FDIC Community Reinvestment Act ratings.
By reviewing the WSBC news page, readers can track how WesBanco communicates its financial performance, growth initiatives, community focus and recognition over time. This news stream offers context for understanding the company’s strategy and operations alongside its stock performance.
WesBanco, Inc. (Nasdaq: WSBC) announced that President and CEO Todd F. Clossin and CFO Daniel K. Weiss, Jr. will participate in the KBW Winter Financial Services Symposium on February 17-18, 2022, in Boca Raton, FL. The conference will not feature formal presentations or webcasts. Founded in 1870, WesBanco is a diversified financial services company with approximately $5.6 billion in assets under management as of December 31, 2021. The bank operates 205 centers across six states, offering a comprehensive range of banking and wealth management services.
WesBanco (WSBC) reported a successful end to 2021, with net income of $51.6 million for Q4, up from $50.2 million in Q4 2020, translating to diluted EPS of $0.82. For the full year, net income surged to $232.1 million ($3.53 EPS), compared to $119.4 million ($1.77 EPS) in 2020. Trust assets hit a record $5.6 billion, and deposits grew 13.5% year-over-year. Despite lower net interest income and non-interest income declines, the bank maintained strong capital ratios, and repurchased 1.56 million shares in Q4, highlighting robust shareholder returns.
WesBanco has declared a quarterly cash dividend of $0.421875 per depositary share on its 6.75% Non-Cumulative Perpetual Preferred Stock, Series A (WSBCP). This dividend is for the period from November 15, 2021 to February 15, 2022, payable on February 15, 2022 to shareholders of record as of February 1, 2022.
WesBanco, a diversified financial services company, operates across six states with a strong market presence.
WesBanco, Inc. (Nasdaq:WSBC) will host a conference call on January 26, 2022, at 10:00 a.m. ET to discuss its fourth-quarter 2021 financial results, which will be released after market close on January 25, 2022. CEO Todd F. Clossin and CFO Daniel K. Weiss, Jr. will lead the discussion. Interested participants can join via the company's website or by calling specific numbers for various regions. A replay will be available starting January 26 at 12:00 p.m. ET until February 9. WesBanco operates in six states, focusing on community banking with a strong asset management presence.
WesBanco, Inc. (Nasdaq:WSBC) announced a quarterly cash dividend of $0.33 per share, payable on January 3, 2022, to shareholders of record as of December 10, 2021. This dividend reflects an annualized rate of $1.32 per common share. The declaration signifies WesBanco's ongoing commitment to returning value to its shareholders.
WesBanco reported net income of $41.9 million with a diluted EPS of $0.64 for Q3 2021, a slight increase from $41.3 million and $0.61 per diluted share in Q3 2020. For the first nine months, net income surged to $180.5 million or $2.71 per diluted share compared to $69.2 million or $1.03 in the same period last year. Notably, deposit growth reached 10.0% year-over-year, and the company repurchased 2.1 million shares. However, net interest income declined by $5.3 million or 4.4% in Q3, attributed to lower loan yields in a low interest rate environment.
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 (Nasdaq:WSBCP). This dividend covers the period from August 15, 2021 to November 15, 2021, payable on November 15, 2021. Shareholders of record as of November 1, 2021 will receive this distribution, amounting to $16.875 per share. This announcement reflects WesBanco's commitment to returning value to its investors.
WesBanco, Inc. (Nasdaq: WSBC) announced its affiliate, WesBanco Bank Community Development Corporation (CDC), received the 2021 Community Commitment Award from the American Bankers Association Foundation. The award recognizes the New Markets Loan Program (NMLP) for its contributions to community and economic development across six states. WesBanco CDC has secured a total of $125 million in New Markets Tax Credit awards since 2004, facilitating numerous business loans and community support initiatives. This recognition reflects WesBanco's ongoing commitment to serving low-income communities and promoting economic vitality.
WesBanco, Inc. (WSBC) will host a conference call on October 27, 2021, at 10:00 a.m. ET to discuss its third-quarter financial results. The results are set for release after market close on October 26, 2021. The call will feature key executives including President Todd F. Clossin and CFO Robert H. Young. Interested parties can access the call via the company's website or by phone. A replay will also be available starting at 12:00 p.m. ET on October 27, ending on November 10, 2021.
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