WesBanco Declares Quarterly Cash Dividend upon Its Perpetual Preferred Stock

Rhea-AI Summary

WesBanco (Nasdaq: WSBC) has announced a quarterly cash dividend on 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 November 15, 2024, to February 15, 2025. The dividend will be paid on February 15, 2025, to shareholders of record as of February 1, 2025.

WesBanco operates as a regional financial services provider across eight states, managing $18.5 billion in total assets. The company's Trust and Investment Services division oversees $6.1 billion in assets under management, with securities account values of $1.9 billion through its broker/dealer as of September 30, 2024.

Positive

• Strong asset base of $18.5 billion in total assets
• Substantial wealth management presence with $6.1 billion in assets under management
• Additional $1.9 billion in securities account values through broker/dealer
• Consistent dividend payments to preferred shareholders

Negative

• None.

News Market Reaction

-0.22%

1 alert

-0.22% News Effect

On the day this news was published, WSBCP declined 0.22%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

WHEELING, W.Va., Dec. 19, 2024 /PRNewswire/ -- WesBanco, Inc. (Nasdaq: WSBC), a diversified, multi-state bank holding company, announced today that its Board of Directors has declared a quarterly cash dividend on the outstanding shares of its 6.75% Non-Cumulative Perpetual Preferred Stock, Series A (the "Series A Preferred Stock") (Nasdaq:WSBCP). The declared cash dividend on the Series A Preferred Stock is for the period from November 15, 2024, up to, but excluding February 15, 2025. The declared cash dividend equates to $0.421875 per depositary share, or $16.875 per share of the Series A Preferred Stock outstanding. The cash dividend is payable on February 15, 2025 to shareholders of record on February 1, 2025.

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 eight-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 $18.5 billion in total assets, with our Trust and Investment Services holding $6.1 billion of assets under management and securities account values (including annuities) of $1.9 billion through our broker/dealer, as of September 30, 2024. Learn more at www.wesbanco.com and follow @WesBanco on Facebook, LinkedIn and Instagram.

View original content to download multimedia:https://www.prnewswire.com/news-releases/wesbanco-declares-quarterly-cash-dividend-upon-its-perpetual-preferred-stock-302336525.html

SOURCE WesBanco, Inc.

FAQ

What is the dividend amount for WesBanco's Series A Preferred Stock (WSBCP) in Q1 2025?

WesBanco's Series A Preferred Stock dividend is $0.421875 per depositary share, or $16.875 per preferred share for Q1 2025.

When is the payment date for WesBanco's (WSBC) latest preferred stock dividend?

The preferred stock dividend will be paid on February 15, 2025, to shareholders of record as of February 1, 2025.

What is WesBanco's (WSBC) total assets under management as of September 2024?

WesBanco's Trust and Investment Services had $6.1 billion of assets under management as of September 30, 2024.

What is the total asset value of WesBanco (WSBC) as of Q3 2024?

WesBanco reported total assets of $18.5 billion as of September 30, 2024.

What is the coverage period for WesBanco's (WSBC) latest preferred stock dividend?

The dividend covers the period from November 15, 2024, up to, but excluding February 15, 2025.