WesBanco (WSBC) adds 4.0M shares to buyback, 4.9M now authorized
Rhea-AI Filing Summary
WesBanco, Inc. announced that its Board of Directors has increased the company’s stock repurchase authorization. The Board approved an additional 4.0 million shares for repurchase, on top of a prior 3.2 million share program that had about 0.9 million shares remaining as of March 31, 2026.
This brings the total shares currently authorized for repurchase to 4.9 million, equal to 5.1% of WesBanco’s shares outstanding as of March 31, 2026. The company plans to execute repurchases at its discretion through methods such as open market and privately negotiated transactions, using existing cash and other liquidity sources.
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Insights
WesBanco expands buyback capacity to 4.9 million shares, or 5.1% of outstanding stock.
WesBanco’s Board has added 4.0 million shares to its existing repurchase authorization, bringing total capacity to 4.9 million shares, or 5.1% of shares outstanding as of March 31, 2026. This is a flexible authorization, not a commitment to repurchase a fixed amount.
The company notes that timing, price, and quantity of repurchases will depend on market conditions and other factors, and the program may be modified, suspended, or discontinued. Repurchases may be executed in the open market, through block trades, privately negotiated transactions, or under Rule 10b5-1 plans.
Funding is expected from existing cash balances and other liquidity sources. With total assets of $27.5 billion and trust and investment services overseeing $7.8 billion of assets under management as of March 31, 2026, WesBanco appears to have multiple tools to support the authorization, subject to future management decisions and regulatory requirements.
8-K Event Classification
Key Figures
Key Terms
stock repurchase program financial
Rule 10b5-1 plans regulatory
assets under management financial
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
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Item 8.01 Other Events.
Wesbanco, Inc. (“Wesbanco”) issued a press release today announcing that its Board of Directors approved a new stock repurchase program and authorized the repurchase of up to an additional 4.0 million shares of Wesbanco common stock. The press release announcing the new stock repurchase program is attached as Exhibit 99.1 to this report and is incorporated by reference herein.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits:
99.1 - Wesbanco, Inc. press release announcing the authorization of a new stock repurchase program dated May 20, 2026.
104 – Cover Page Interactive Data File (embedded within the Inline XBRL document).
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
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Wesbanco, Inc. |
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May 20, 2026 |
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/s/ Daniel K. Weiss, Jr. |
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Daniel K. Weiss, Jr. |
WesBanco, Inc. Announces Approval of a Stock Repurchase Program Increase
Wheeling, W.Va., May 20, 2026 – 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.
SOURCE: WesBanco, Inc.
WesBanco Company Contact:
John H. Iannone
Senior Vice President, Investor Relations
304-905-7021
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