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 has authorized a new stock repurchase plan for up to 1.7 million shares, adding to an existing program with the same amount remaining. This combined authorization represents about 5.0% of outstanding shares. The repurchase will be at WesBanco's discretion, allowing for flexibility based on market conditions. Funding for the buyback may come from cash balances and other liquidity sources. The program does not have an expiration date and is flexible in its execution methods.
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 applies to the period from February 15, 2021 to May 15, 2021, and will be payable on May 17, 2021, to shareholders of record as of May 3, 2021. This demonstrates the company’s commitment to returning value to investors amidst its diversified financial services operations.
WesBanco, Inc. (Nasdaq: WSBC) announced its affiliate, WesBanco Bank, received the 2021 America Saves Designation of Savings Excellence for the sixth consecutive year. This award recognizes financial institutions for their success in promoting customer savings and establishing automatic savings plans. WesBanco's partnership with America Saves spans over 15 years, helping individuals save effectively. The recent initiative encouraged over 92,000 individuals to deposit $157,557,265 into savings accounts during America Saves Week. WesBanco remains committed to community banking and customer-focused financial services.
WesBanco, Inc. (Nasdaq: WSBC) has been named one of the World's Best Banks by Forbes for the third consecutive year, based on high customer satisfaction scores in areas such as 'customer services', 'financial advice', and 'digital services'. The recognition stems from a survey conducted by Statista, involving over 43,000 consumers across 28 countries. WesBanco emphasizes its commitment to delivering both large bank capabilities and a community bank feel, offering a range of personal and business services, with approximately $5.0 billion in assets under management as of December 31, 2020.
WesBanco, Inc. (Nasdaq: WSBC) announced that Abdul Muhammad, Senior VP and Regional Manager of Residential Lending, has been appointed to the Federal Reserve Bank of Cleveland's Equity and Inclusion Advisory Council. This council aims to enhance diversity and inclusion at the Cleveland Fed and the surrounding communities. Muhammad, as chair of WesBanco's own Diversity, Equity, and Inclusion Council, focuses on leadership development and community initiatives. The bank emphasizes the importance of these efforts for minority communities and overall corporate culture.
WesBanco, Inc. (Nasdaq: WSBC) will host a conference call on April 28, 2021, at 10:00 a.m. ET to discuss its first quarter 2021 financial results. The results will be released after market close on April 27. Interested parties can access the call via the company's Investor Relations website or by dialing 888-347-6607. A replay will be available from 12:00 p.m. ET on April 28 until May 12. WesBanco operates in six states and offers a range of financial services, managing approximately $5.0 billion in assets.
WesBanco, Inc. (Nasdaq:WSBC) has announced its participation in two upcoming virtual investor conferences. The first is the Raymond James 42nd Annual Institutional Investors Conference on March 3, 2021, where CEO Todd F. Clossin and CFO Robert H. Young will engage in a fireside chat at 7:30 a.m. ET, accessible via live webcast. The second event is the RBC Capital Markets Global Financial Institutions Conference on March 10, 2021, which will not feature a formal presentation or webcast. WesBanco focuses on customer-centric banking services across six states.
WesBanco, Inc. (NASDAQ: WSBC) announced a 3.1% increase in its quarterly cash dividend, raising it to $0.33 per common share from $0.32. This dividend will be payable on April 1, 2021, to shareholders of record on March 12. This marks the fourteenth increase since 2010, with a cumulative rise of 136% over that period. The new annualized cash dividend rate will be $1.32, representing a yield of approximately 4.0% based on the previous closing stock price of $33.36.
WesBanco, Inc. (Nasdaq: WSBC) has been named by Forbes as one of the Best Banks in America for 2021, marking its 11th appearance since 2010 and its second consecutive year in the top 15, ranking 12th. CEO Todd F. Clossin highlighted the achievement as a testament to the dedication of its employees and the bank's robust credit and risk management. The ranking is based on various financial metrics as of September 30, 2020, including return on assets and capital ratios. Founded in 1870, WesBanco operates in six states, combining large bank capabilities with a community-oriented approach.
WesBanco, Inc. (Nasdaq:WSBC) announced the participation of President and CEO Todd F. Clossin and CFO Robert H. Young at the KBW Virtual Winter Financial Services Symposium on February 11-12, 2021. The event will not feature a formal presentation or a webcast. Founded in 1870, WesBanco operates in six states and offers a comprehensive range of financial services, including banking, trust, and wealth management, with approximately $5.0 billion in assets under management as of December 31, 2020.