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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 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, applicable for the period from November 15, 2020 to February 15, 2021, totals $16.875 per share. It will be paid on February 15, 2021 to shareholders on record as of February 1, 2021.
WesBanco, Inc. (Nasdaq: WSBC) will host a conference call on January 27, 2021, at 10:00 a.m. ET to discuss its fourth-quarter 2020 financial results. The results will be released after the market closes on January 26, 2021. Interested parties can access the call via their website or by phone. A replay will be available starting at 12:00 p.m. ET on January 27, lasting until February 10, 2021. WesBanco operates across six states, focusing on customer-centric banking services.
WesBanco, Inc. (Nasdaq:WSBC) has announced a quarterly cash dividend of $0.32 per share, to be paid on January 2, 2021. Shareholders of record as of December 11, 2020 will receive this dividend, reflecting an annualized rate of $1.28 per common share. WesBanco provides a range of financial services across six states, with a focus on community banking and customer service. The company manages approximately $4.6 billion in assets as of September 30, 2020.
WesBanco has declared a quarterly cash dividend of $0.440625 per depositary share on its 6.75% Non-Cumulative Perpetual Preferred Stock, Series A (WSBCP). This dividend is applicable for the period from August 11, 2020 to November 15, 2020 and will be paid on November 15, 2020 to shareholders on record as of November 2, 2020. The dividend reflects WesBanco's commitment to returning value to shareholders while maintaining a stable financial position.
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WesBanco reported Q3 2020 net income of $41.3 million, or $0.61 EPS, down from $37.3 million and $0.68 a year earlier. Year-to-date, net income fell 43% to $69.2 million, or $1.03 EPS. Non-GAAP earnings were $44.2 million, or $0.66 EPS. Organic loan growth was 10%, while commercial real estate loans rose 4.9%. Mortgage banking income soared 228% to $8.5 million. The bank issued $150 million in preferred stock to enhance capital. However, criticized loan balances rose to 3.25%, driven by pandemic impacts on the hotel sector.
WesBanco, Inc. (Nasdaq: WSBC) announced it will host a conference call on October 22, 2020, at 3:00 p.m. ET to discuss the third quarter financial results. The results will be released after market close on October 21, 2020. CEO Todd F. Clossin and CFO Robert H. Young will lead the discussion. Interested parties can listen to the call via webcast or by dialing in. A replay will be available starting at 5:00 p.m. ET on October 22, and will conclude on November 5. WesBanco operates 236 financial centers across six states.
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WesBanco, Inc. (Nasdaq: WSBC) announced its participation in two upcoming virtual investor conferences. The conferences are the Raymond James U.S. Bank Conference on September 9-10, 2020, and the Stephens 10th Annual Bank Forum on September 22, 2020. Notably, there will be no formal presentations or webcasts available for these events. Founded in 1870, WesBanco offers a full range of financial services and manages approximately $4.5 billion in assets. The company's banking subsidiary operates 236 financial centers across six states.
WesBanco, Inc. (Nasdaq:WSBC) declared a quarterly cash dividend of $0.32 per share, payable on October 1, 2020, to shareholders of record on September 11, 2020. This dividend reflects an annualized rate of $1.28 per common share. WesBanco is a diversified financial services company operating in six states, offering a wide range of banking and financial products. The company has approximately $4.5 billion in assets under management as of June 30, 2020.