WesBanco, Inc. Announces Approval of a Stock Repurchase Program Increase

Rhea-AI Summary

WesBanco (Nasdaq: WSBC) announced Board approval of a 4.0 million share increase to its existing stock repurchase program. Combined with 0.9 million shares remaining from the prior authorization, 4.9 million shares are now available for repurchase, equal to 5.1% of shares outstanding as of March 31, 2026.

Repurchases are discretionary, have no expiration date, and may be executed via open market or other permitted methods, funded by cash and other liquidity sources.

Positive

• Total authorization of 4.9 million shares, or 5.1% of shares outstanding
• New 4.0 million share increase to the February 2022 repurchase program
• Repurchases may be funded from existing cash balances and other liquidity sources
• Flexible execution methods, including open market and Rule 10b5-1 plans

Negative

• Program does not obligate WesBanco to repurchase any minimum number of shares
• Repurchase authorization may be modified, suspended, or discontinued at any time

News Market Reaction – WSBC

+1.32%

+1.32% Session close to close

In the May 21 session, WSBC gained 1.32%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement increases WesBanco’s authorized repurchases to 4.9 million shares, or 5.1% of shar...

Analysis

This announcement increases WesBanco’s authorized repurchases to 4.9 million shares, or 5.1% of shares outstanding as of March 31, 2026, signaling ongoing capital management alongside steady dividends and regional expansion. The company reported $27.5 billion in total assets and significant trust and investment balances, so investors may watch how actively the authorization is used, forthcoming earnings trends, and any additional capital return actions.

Key Figures

New buyback authorization: 4.0 million shares Prior program size: 3.2 million shares Remaining prior authorization: 0.9 million shares +5 more

8 metrics

New buyback authorization 4.0 million shares Increase authorized by Board on May 20, 2026

Prior program size 3.2 million shares Stock repurchase program approved February 24, 2022

Remaining prior authorization 0.9 million shares Available for repurchase as of March 31, 2026

Total shares authorized 4.9 million shares Combined new and remaining authorization

Portion of shares outstanding 5.1% Authorized for repurchase as of March 31, 2026

Total assets $27.5 billion As of March 31, 2026

Trust & investment AUM $7.8 billion As of March 31, 2026

Broker/dealer account values $2.6 billion As of March 31, 2026

Historical Context

5 past events · Latest: Apr 24 (Neutral)

Pattern 5 events

Date	Event	Sentiment	24h Move	Catalyst
Apr 24	Management change	Neutral	-0.2%	Named a new Chief Risk Officer succeeding a long-tenured executive.
Apr 21	Quarterly earnings	Positive	-7.2%	Reported Q1 2026 net income of $84.4M and diluted EPS of $0.88.
Apr 02	Earnings call notice	Neutral	+1.1%	Announced schedule and access details for the Q1 2026 earnings call.
Mar 12	Growth initiative	Positive	+0.0%	Announced targeted commercial banking expansion into South Florida markets.
Feb 18	Dividend declaration	Positive	-0.1%	Declared quarterly common dividend of $0.38 per share and preferred dividends.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Positive financial and capital-return news has sometimes seen negative or muted next-day reactions.

Recent Company History

Over the last six months, WesBanco has focused on steady capital return and measured growth. It declared a common dividend of $0.38 per share on Feb 18, 2026, expanded commercial banking into South Florida on Mar 12, 2026, and reported Q1 2026 net income of $84.4 million with diluted EPS of $0.88 on Apr 21, 2026. Leadership changes and today’s buyback increase continue a theme of disciplined balance sheet and franchise management.

Key Terms

stock repurchase program, rule 10b5-1 plans

2 terms

stock repurchase program financial

"authorized a 4.0 million share increase to the 3.2 million stock repurchase program"

A stock repurchase program is when a company buys back its own shares from the market. This can make each remaining share more valuable and shows that the company believes its stock is a good investment. It’s like a business treating its shares like a limited resource, hoping to boost confidence and share prices.

rule 10b5-1 plans regulatory

"block purchases, Rule 10b5-1 plans, or otherwise in accordance with applicable securities laws"

A Rule 10b5-1 plan is a prearranged schedule that lets company insiders buy or sell stock at set times or prices, set up when they do not possess confidential information. It acts like an automatic thermostat for trades, reducing the risk that otherwise-timed transactions could be accused of insider trading. Investors care because such plans increase transparency about insider activity and signal when insider trades are routine rather than reactive to private news.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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WHEELING, W.Va., May 20, 2026 /PRNewswire/ -- WesBanco, Inc. ("WesBanco") (Nasdaq:WSBC), a diversified, multi-state bank holding company, announced that the Board of Directors has authorized a 4.0 million share increase to the 3.2 million stock repurchase program approved by the Board on February 24, 2022, which had approximately 0.9 million shares remaining available for repurchase, as of March 31, 2026. The combination of the additional 4.0 million shares and 0.9 million shares remaining under the prior authorization totals 4.9 million shares available and authorized for repurchase, or 5.1% of shares outstanding, as of March 31, 2026.

The timing, price, and quantity of purchases will be at WesBanco's discretion, subject to market conditions and other factors. The repurchase program does not obligate WesBanco to repurchase any minimum number of shares and may be modified, suspended, or discontinued at any time. Repurchases under the program may be effected through open market purchases, privately-negotiated transactions, block purchases, Rule 10b5-1 plans, or otherwise in accordance with applicable securities laws and other legal requirements. Repurchases under this program may be funded from a combination of existing cash balances and other available liquidity sources. The stock repurchase plan is not subject to an expiration date.

About WesBanco, Inc.
With over 150 years as a community-focused, regional financial services partner, WesBanco Inc. (NASDAQ: WSBC) and its subsidiaries build lasting prosperity through relationships and solutions that empower our customers for success in their financial journeys. Customers across our ten-state footprint choose WesBanco for the comprehensive range and personalized delivery of our retail and commercial banking solutions, as well as trust, brokerage, wealth management and insurance services, all designed to advance their financial goals. Through the strength of our teams, we leverage large bank capabilities and local focus to help make every community we serve a better place for people and businesses to thrive. Headquartered in Wheeling, West Virginia, WesBanco has $27.5 billion in total assets, with our Trust and Investment Services holding $7.8 billion of assets under management and securities account values (including annuities) of $2.6 billion through our broker/dealer, as of March 31, 2026. Learn more at www.wesbanco.com and follow @WesBanco on Facebook, LinkedIn and Instagram.

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SOURCE WesBanco, Inc.

FAQ

What did WesBanco (NASDAQ:WSBC) announce about its stock repurchase program on May 20, 2026?

WesBanco announced Board approval of a 4.0 million share increase to its existing stock repurchase program. According to WesBanco, this brings total authorized shares available for repurchase to 4.9 million, giving the bank flexibility to return capital depending on market conditions.

How many WesBanco (WSBC) shares are now authorized for repurchase under the expanded buyback?

WesBanco now has 4.9 million shares authorized for repurchase under its stock buyback program. According to WesBanco, this total includes the new 4.0 million share increase plus approximately 0.9 million shares that remained available from the February 24, 2022 authorization.

What percentage of WesBanco (WSBC) outstanding shares does the updated buyback authorization cover?

The updated WesBanco repurchase authorization covers 5.1% of shares outstanding as of March 31, 2026. According to WesBanco, the combined 4.9 million shares available for repurchase represent this proportion of its stock, potentially influencing share count over time if fully utilized.

How will WesBanco fund its expanded stock repurchase program for WSBC shares?

WesBanco plans to fund share repurchases using a combination of existing cash balances and other available liquidity sources. According to WesBanco, this approach allows the company to manage capital while maintaining operational flexibility across its banking, wealth management, and insurance businesses.

Does WesBanco’s (WSBC) stock repurchase program have an expiration date or minimum purchase requirement?

WesBanco’s stock repurchase program has no expiration date and no minimum share purchase requirement. According to WesBanco, the Board authorization can be modified, suspended, or discontinued at any time, and actual repurchases will depend on market conditions and other factors.

How can WesBanco execute share repurchases under its WSBC stock buyback program?

WesBanco may execute repurchases through open market purchases, privately negotiated transactions, block purchases, and Rule 10b5-1 plans. According to WesBanco, all buybacks will be conducted in accordance with applicable securities laws and other legal requirements, providing multiple avenues for implementing the authorization.