Loading…
WesBanco, Inc. operates as the bank holding company for WesBanco Bank, Inc. that provides retail banking, corporate banking, personal and corporate trust, brokerage, mortgage banking, and insurance services to individuals and businesses in the United States. It operates in two segments, Community Banking, and Trust and Investment Services. The company accepts interest and non-interest-bearing demand, money market, and savings deposit accounts, as well as certificates of deposit; and offers land and construction, improved property, commercial and industrial, residential real estate mortgage, and consumer loans, as well as home equity lines of credit and overdrafts. It also provides mutual funds and annuities; and property, casualty, life, and title insurance services, as well as holds commercial real estate properties and investment securities. In addition, the company offers letters of credit and international wire services, as well as operates as an investment adviser to a family of mutual funds. It operates through branches and ATM machines in West Virginia, Ohio, western Pennsylvania, Kentucky, southern Indiana, Michigan, and Maryland. WesBanco, Inc. was founded in 1870 and is headquartered in Wheeling, West Virginia.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $974M | - | $223M | $280M | 5.9% | 62.3% | 47.3% |
| 2024 | $600M | - | $152M | $201M | 5.7% | 0.9% | -4.7% |
| 2023 | $595M | - | $159M | $147M | 6.7% | 1.5% | -17.2% |
| 2022 | $586M | - | $192M | $196M | 8.4% | - | - |
| 2021 | - | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 585.80 | 594.69 | 600.17 | 974.13 |
| Operating Revenue | - | 585.80 | 594.69 | 600.17 | 974.13 |
| Selling General And Administration | - | 222.04 | 247.27 | 247.64 | 328.75 |
| Interest Income | - | 513.66 | 711.52 | 825.64 | 1,271.94 |
| Interest Expense | - | 39.34 | 230.18 | 347.43 | 457.64 |
| Net Interest Income | - | 474.31 | 481.34 | 478.21 | 814.30 |
| Pretax Income | - | 236.40 | 194.05 | 185.11 | 279.24 |
| Tax Provision | - | 44.29 | 35.02 | 33.60 | 56.13 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | -0.23 | -0.42 | -1.14 | -15.35 |
| Net Income Continuous Operations | - | 192.11 | 159.03 | 151.51 | 223.10 |
| Net Income From Continuing And Discontinued Operation | - | 192.11 | 159.03 | 151.51 | 223.10 |
| Net Income From Continuing Operation Net Minority Interest | - | 192.11 | 159.03 | 151.51 | 223.10 |
| Net Income | - | 192.11 | 159.03 | 151.51 | 223.10 |
| Net Income Common Stockholders | - | 181.99 | 148.91 | 141.38 | 202.56 |
| Net Income Including Noncontrolling Interests | - | 192.11 | 159.03 | 151.51 | 223.10 |
| Normalized Income | - | 193.12 | 160.92 | 156.63 | 284.11 |
| Diluted NI Availto Com Stockholders | - | 181.99 | 148.91 | 141.38 | 202.56 |
| Basic Average Shares | - | 60.05 | 59.30 | 62.59 | 90.90 |
| Diluted Average Shares | - | 60.22 | 59.43 | 62.65 | 91.03 |
| Reconciled Depreciation | - | 13.04 | 14.44 | 15.29 | 20.18 |
| Total Unusual Items | - | -1.24 | -2.31 | -6.26 | -76.36 |
| Total Unusual Items Excluding Goodwill | - | -1.24 | -2.31 | -6.26 | -76.36 |
| Preferred Stock Dividends | - | 10.12 | 10.12 | 10.12 | 20.54 |
| Special Income Charges | - | -1.72 | -3.83 | -6.40 | -75.93 |
| Restructuring And Mergern Acquisition | - | 1.72 | 3.83 | 6.40 | 75.93 |
| Gain On Sale Of Security | - | -1.78 | 0.90 | 1.41 | 3.38 |
| Depreciation Amortization Depletion Income Statement | - | 10.28 | 9.09 | 8.25 | 29.07 |
| Depreciation And Amortization In Income Statement | - | 10.28 | 9.09 | 8.25 | 29.07 |
| General And Administrative Expense | - | 212.70 | 236.09 | 237.87 | 318.89 |
| Other Gand A | 13.13 | - | - | - | - |
| Salaries And Wages | - | 204.80 | 223.84 | 223.66 | 297.99 |
| Insurance And Claims | - | 7.90 | 12.25 | 14.22 | 20.90 |
| Selling And Marketing Expense | - | 9.34 | 11.18 | 9.76 | 9.86 |
| Amortization | - | 10.28 | 9.09 | 8.25 | 29.07 |
| Amortization Of Intangibles Income Statement | - | 10.28 | 9.09 | 8.25 | 29.07 |
| Occupancy And Equipment | - | 58.61 | 62 | 66.46 | 95.85 |
| Professional Expense And Contract Services Expense | - | 16.33 | 15.73 | 19.02 | 26.05 |
| Other Non Interest Expense | - | 42.08 | 44.99 | 48.08 | 62 |
Financial Services sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| WesBanco, Inc.this co. | WSBC | $3.3B | 14.92↓ discount | 0.87 | 5.9% | - |
| Miami International Holdings, Inc. | MIAX | $3.8B | - | 4.27 | -7.9% | - |
| F&G Annuities & Life, Inc. | FG | $3.6B | 13.58 | 0.75 | 5.5% | - |
| Mechanics Bancorp | MCHB | $3.3B | - | - | - | - |
| TowneBank | TOWN | $3.1B | 18.29 |
| - |
| - |
| - |
| - |
| 1.28 |
| 7.0% |
| - |
| Upstart Holdings, Inc. | UPST | $3.1B | 57.62 | 3.87 | 6.7% | - |
| DigitalBridge Group, Inc. | DBRG | $2.9B | 20.42 | 2.21 | 10.8% | 94.72 |
| Nicolet Bankshares, Inc. | NIC | $2.9B | 19.21 | 2.30 | 12.0% | - |
| Hamilton Insurance Group, Ltd. | HG | $2.9B | 5.01 | 1.02 | 20.4% | - |
| Peer Median | - | 18.75 | 2.21 | 7.0% | 94.72 | |