Wesbanco Inc Stock Price, News & Analysis

WesBanco (NASDAQ: WSBC) has declared a quarterly cash dividend of $0.37 per share to be paid to common stock holders. The dividend will be payable on July 1, 2025, to shareholders of record on June 6, 2025, representing an annualized cash dividend rate of $1.48 per common share.

WesBanco, a diversified multi-state bank holding company with over 150 years of history, operates across nine states offering retail and commercial banking, trust, brokerage, wealth management, and insurance services. The company reports $27.4 billion in total assets, with Trust and Investment Services managing $7.0 billion in assets and $2.4 billion in securities account values through their broker/dealer as of March 31, 2025.

WesBanco (NASDAQ: WSBC) has successfully completed the customer transition and operational conversion of Premier Financial Corp, marking its largest conversion in history. The merger, announced in July 2024 and consummated in February 2025, has transformed WesBanco into a $27 billion asset regional financial institution.

The conversion included approximately 400,000 consumer and 50,000 business relationships, along with 70 financial centers across northern Ohio, southern Michigan, and northeastern Indiana. WesBanco now operates over 250 financial centers across nine states and ranks among the top 100 largest insured depository organizations in the United States, becoming the 8th largest bank in Ohio by deposit market share.

WesBanco reported Q1 2025 financial results, highlighting the successful acquisition of Premier Financial. The bank posted a net loss of $11.5 million (-$0.15 per share), primarily due to acquisition-related expenses and credit loss provisions. However, adjusted net income reached $51.2 million ($0.66 per share), compared to $33.2 million ($0.56 per share) in Q1 2024.

Key highlights:

• Total assets increased 54.2% to $27.4 billion
• Organic loan growth: 7.8% year-over-year
• Total deposits grew 57.8% to $21.3 billion
• Net interest margin improved to 3.35%
• Trust assets under management reached record $7.0 billion

The merger expanded WesBanco's market presence, adding approximately 900 employees and 70 financial centers. Credit quality metrics remained strong, with non-performing assets at 0.30% of total assets. The bank maintains strong regulatory capital ratios, with Tier I leverage at 11.01% and CET 1 at 9.99%.

WesBanco Inc. (NASDAQ: WSBC) has announced a quarterly cash dividend declaration for its 6.75% Non-Cumulative Perpetual Preferred Stock, Series A (WSBCP). The dividend of $0.421875 per depositary share ($16.875 per preferred share) covers the period from February 15, 2025, to May 15, 2025, payable to shareholders of record on May 1, 2025.

WesBanco operates as a regional financial services provider across nine states, with over $27 billion in total assets. The company's Trust and Investment Services manage more than $7 billion in assets, while holding securities account values exceeding $2 billion through their broker/dealer, including the recent Premier Financial acquisition completed on February 28, 2025.

WesBanco (NASDAQ:WSBC) has scheduled its 2025 first quarter earnings conference call and webcast for Wednesday, April 30, 2025, at 9:00 a.m. ET. The financial results will be released after market close on Tuesday, April 29, 2025.

President and CEO Jeffrey H. Jackson, along with CFO Daniel K. Weiss, Jr., will lead the presentation. The company recently completed the acquisition of Premier Financial on February 28, 2025.

WesBanco operates across nine states with over $27 billion in total assets. The company's Trust and Investment Services manages more than $7 billion in assets, while securities account values through their broker/dealer exceed $2 billion, including annuities.

WesBanco (WSBC) has successfully completed its acquisition of Premier Financial Corp, creating a regional financial institution with approximately $27 billion in assets. The merger positions WesBanco as the 81st largest insured depository organization in the United States and the 8th largest bank in Ohio.

The combined entity will operate through more than 250 financial centers across nine states: Indiana, Kentucky, Maryland, Michigan, Ohio, Pennsylvania, Tennessee, Virginia, and West Virginia. Former Premier directors Zahid Afzal, John L. Bookmyer, Louis M. Altman, and Lee J. Burdman have been appointed to WesBanco's Board of Directors.

Former Premier financial centers will continue operating under the Premier Bank name until customer and data conversion occurs in mid-May 2025, after which all locations will be rebranded as WesBanco.

WesBanco (WSBC) has declared a quarterly cash dividend of $0.37 per share to be paid on April 1, 2025, to shareholders of record on March 10, 2025. This represents an annualized cash dividend rate of $1.48 per common share.

The multi-state bank holding company, with over 150 years of community-focused service, operates across eight states offering retail and commercial banking, trust, brokerage, wealth management, and insurance services. As of December 31, 2024, WesBanco reported total assets of $18.7 billion, with Trust and Investment Services managing $6.0 billion in assets and securities account values of $1.9 billion through their broker/dealer division.

WesBanco (WSBC) has been named to Newsweek's 2025 America's Best Regional Banks list, highlighting its 155-year legacy as a community-focused financial services partner. President & CEO Jeff Jackson emphasized the bank's commitment to community development and exceptional financial services.

The recognition was based on a comprehensive evaluation process that included:

• Profitability and net loans/leases assessment
• Press coverage analysis over two years
• Survey of over 71,000 U.S. citizens
• Review of 1.9 million social media posts
• Analysis of 129 million app store reviews

This achievement adds to WesBanco's recent accolades, including recognition on Newsweek's lists of America's Greatest Workplaces and Greatest Workplaces for Parents & Families. The bank also maintained its eighth consecutive 'Outstanding' FDIC Community Reinvestment Act Rating and was listed on Forbes' inaugural America's Most Trusted Companies list.

WesBanco (WSBC) and Premier Financial Corp. (PFC) have received all necessary regulatory approvals for their pending merger, following overwhelming shareholder approval from both companies on December 11, 2024. The merger is expected to close around February 28, 2025, subject to customary closing conditions.

The combined entity will create a regional financial services institution with approximately $27 billion in assets. The merger will establish the 8th largest bank in Ohio by deposit market share, with expanded presence in Indiana and operations across nine states. WesBanco currently holds $18.7 billion in total assets, with Trust and Investment Services managing $6.0 billion in assets and $1.9 billion in securities account values through their broker/dealer as of December 31, 2024.