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WesBanco Company profile

About WesBanco Inc

WesBanco, Inc. (WesBanco) is a bank holding company. The Company offers a range of financial services including retail banking, corporate banking, personal and corporate trust services, brokerage services, mortgage banking and insurance. WesBanco offers its services through two segments: Community Banking and Trust and Investment Services. The Community Banking segment offers services, such as commercial demand, individual demand and time deposit accounts, as well as commercial, mortgage and individual installment loans, and certain non-traditional offerings, such as insurance and securities brokerage services. The Trust and Investment Services segment offers trust services as well as various alternative investment products including mutual funds. WesBanco operated one commercial bank, WesBanco Bank, Inc. through approximately 212 branches and over 206 automated teller machines (ATMs) located in West Virginia, Ohio, western Pennsylvania, Kentucky, southern Indiana and Maryland.

Financial summary

BRIEF: For the fiscal year ended 31 December 2021, WesBanco Inc interest income decreased 10% to $485M. Net interest income after loan loss provision increased 40% to $522.2M. Net income applicable to common stockholders increased 94% to $232.1M. Net interest income after loan loss provision reflects Community Banking segment increase of 48% to $549.2M. Net income benefited from Community Banking segment income increase from $114.1M to $231.9M.

Equity composition

Common Stock $2.0833 Par, 2/11, 50M auth., 26,633,848 issd., less 46,895 shs. in Treas @1.1M. Insiders own 3.22%. IPO 2/77, toholders of Wheeling Dollar (Basis: 1-for-1). 8/97, 3-for-2 split; 4/93, 2-for-1 split. 3/02, Co. acquired American Bancorp. @ 1.1 shares (3,442,641 issd.). 11/89, 10% stock dividend.