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.
WesBanco, Inc. (WSBC) is a multi-state financial services provider combining community banking values with modern solutions. This page serves as the definitive source for all official company announcements, press releases, and market-related developments.
Investors and stakeholders will find timely updates on earnings reports, merger activities, leadership changes, and service expansions. Our curated news collection ensures transparent access to WSBC's strategic initiatives in retail banking, trust services, and regional market developments.
The repository includes critical updates across three key areas: financial performance disclosures, operational milestones, and regulatory filings. Each entry is categorized for efficient navigation, enabling users to track the company's progress in enhancing customer solutions and shareholder value.
Bookmark this page for streamlined access to WesBanco's evolving story. Regular visitors benefit from structured information that supports informed decision-making without promotional bias.
WesBanco, Inc. (Nasdaq: WSBC) reported a net income of $39.8 million for Q1 2023, down from $41.6 million in Q1 2022, with diluted earnings per share of $0.67, compared to $0.68 a year earlier. Excluding restructuring costs, net income was $42.3 million, or $0.71 per diluted share, slightly down from $42.9 million and $0.70, respectively. Total loan growth was 11.9% year-over-year, emphasizing market strength. The net interest margin increased to 3.36%, benefiting from rising rates, although total deposits decreased by 2.0% due to economic pressures. WesBanco maintains strong credit quality metrics and regulatory capital ratios exceeding required levels. The company plans a conference call to discuss results on April 25, 2023.
WesBanco, Inc. (Nasdaq: WSBC) has received recognition as one of the World's Best Banks by Forbes for the fifth consecutive year, reflecting strong customer satisfaction and feedback. The ranking, based on surveys of nearly 50,000 consumers, assesses banks on general satisfaction, recommendations, and key areas like trust and customer service. WesBanco also received accolades in 2023 as one of America's Best Banks and Best Mid-Size Employers, highlighting its commitment to sound financial performance and employee satisfaction. The bank emphasizes long-term growth through strategic expansion, digital innovation, and deep community engagement, offering a range of financial services across its operational states.
WesBanco, Inc. (NASDAQ:WSBC) will hold a conference call on April 25, 2023, at 10:00 a.m. ET to discuss its first-quarter 2023 financial results, which will be released post-market on April 24, 2023. Key executives including Todd F. Clossin (CEO) and Daniel K. Weiss Jr. (CFO) will lead the discussion. Interested parties can access the call via webcast or by dialing specific numbers for participation. A replay will be available post-call until May 9, 2023. WesBanco has a strong market presence across six states and emphasizes a customer-centric service culture.
WesBanco, Inc. (NASDAQ:WSBC) 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 pertains to the period from February 15, 2023 to May 15, 2023, and is payable on May 15, 2023 to shareholders of record as of May 1, 2023.
The decision reflects the company’s ongoing commitment to return value to its investors amidst its diversified financial services and strong market position across multiple states.
WesBanco, Inc. (Nasdaq: WSBC) announced that key executives, including President Todd F. Clossin, COO Jeffrey H. Jackson, and CFO Daniel K. Weiss, Jr., will participate in the 2023 RBC Capital Markets Global Financial Institutions Conference in New York City on March 8, 2023. The conference will not feature a formal presentation or webcast. Founded in 1870, WesBanco is a diversified financial services company operating in six states and recognized by Forbes as one of America's Best Banks. It offers a range of services, including trust and wealth management with approximately $4.9 billion in assets under management as of December 31, 2022.
WesBanco, Inc. (NASDAQ:WSBC) has declared a quarterly cash dividend of $0.35 per share, with an annualized rate of $1.40 per common share. The payment is set for April 1, 2023, to shareholders recorded on March 10, 2023.
This decision reflects WesBanco's commitment to returning value to shareholders and enhances its reputation as a financially stable institution.
WesBanco, Inc. (NASDAQ: WSBC), a multi-state bank holding company, announced that its executives, including President Todd F. Clossin, COO Jeffrey H. Jackson, and CFO Daniel K. Weiss Jr., will attend the KBW Winter Financial Services Conference in Boca Raton, FL on February 16-17, 2023. The event will not feature a formal presentation or webcast. Founded in 1870, WesBanco offers a range of financial services across six states, managing approximately $4.9 billion in assets. The company is recognized by Forbes as one of America's Best Banks and Best Midsize Employers.
WesBanco, Inc. (Nasdaq: WSBC) reported fourth-quarter 2022 net income of $49.7 million, translating to diluted earnings per share of $0.84, slightly down from $51.6 million and $0.82 for Q4 2021. For the full year, net income was $182.0 million, or $3.02 per diluted share, compared to $232.1 million and $3.53 in 2021. Loan growth was robust at 11.7% year-over-year, while net interest margin improved by 16 basis points to 3.49%. Non-interest income fell 9.6% due to lower mortgage banking income, but non-interest expenses increased just 2.6% year-over-year, reflecting cost control efforts. The company remains well-capitalized with strong credit metrics.
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