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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 | 5.5% | 62.3% | 47.3% |
| 2024 | $600M | - | $152M | $201M | 5.4% | 0.9% | -4.7% |
| 2023 | $595M | - | $159M | $147M | 6.3% | 1.5% | -17.2% |
| 2022 | $586M | - | $192M | $196M | 7.9% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 585.80 | 594.69 | 600.17 | 974.13 |
| Pretax Income | 236.40 | 194.05 | 185.11 | 279.24 |
| Tax Provision | 44.29 | 35.02 | 33.60 | 56.13 |
| Net Income | 192.11 | 159.03 | 151.51 | 223.10 |
| Net Income Common Stockholders | 181.99 | 148.91 | 141.38 | 202.56 |
| Interest Expense | 39.34 | 230.18 | 347.43 | 457.64 |
| Interest Income | 513.66 | 711.52 | 825.64 | 1,271.94 |
| Selling General And Administration | 222.03 | 247.27 | 247.64 | 328.75 |
| Normalized Income | 193.12 | 160.92 | 156.63 | 284.11 |
| Basic EPS | 3.03 | 2.51 | 2.26 | 2.23 |
| Diluted EPS | 3.02 | 2.51 | 2.26 | 2.23 |
| Tax Effect Of Unusual Items | -0.23 | -0.42 | -1.14 | -15.35 |
| Tax Rate For Calcs | 0.19 | 0.18 | 0.18 | 0.20 |
| Total Unusual Items | -1.24 | -2.31 | -6.26 | -76.36 |
| Total Unusual Items Excluding Goodwill | -1.24 | -2.31 | -6.26 | -76.36 |
| Net Income From Continuing Operation Net Minority Interest | 192.11 | 159.03 | 151.51 | 223.10 |
| Reconciled Depreciation | 13.04 | 14.44 | 15.29 | 20.18 |
| Net Interest Income | 474.31 | 481.34 | 478.21 | 814.30 |
| Net Income From Continuing And Discontinued Operation | 192.11 | 159.03 | 151.51 | 223.10 |
| Diluted Average Shares | 60.22 | 59.43 | 62.65 | 91.03 |
| Basic Average Shares | 60.05 | 59.30 | 62.59 | 90.90 |
| Diluted NI Availto Com Stockholders | 181.99 | 148.91 | 141.38 | 202.56 |
| Preferred Stock Dividends | 10.12 | 10.12 | 10.12 | 20.54 |
| Net Income Including Noncontrolling Interests | 192.11 | 159.03 | 151.51 | 223.10 |
| Net Income Continuous Operations | 192.11 | 159.03 | 151.51 | 223.10 |
| 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 |
| Amortization | 10.28 | 9.09 | 8.25 | 29.07 |
| Amortization Of Intangibles Income Statement | 10.28 | 9.09 | 8.25 | 29.07 |
| Selling And Marketing Expense | 9.34 | 11.18 | 9.76 | 9.86 |
| General And Administrative Expense | 212.70 | 236.09 | 237.87 | 318.89 |
| Other Gand A | 0 | 0 | 0 | 0 |
| Insurance And Claims | 7.90 | 12.25 | 14.21 | 20.90 |
| Salaries And Wages | 204.80 | 223.84 | 223.66 | 297.99 |
| Operating Revenue | 585.80 | 594.69 | 600.17 | 974.13 |
| 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 | 48.09 | 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 | 10.41↓ discount | 0.86 | 5.5% | - |
| Marex Group plc | MRX | $3.9B | 13.89 | 3.30 | 24.3% | - |
| F&G Annuities & Life, Inc. | FG | $3.8B | 15.10 | 0.80 | 5.4% | 6.28 |
| Mechanics Bancorp | MCHB | $3.4B | 12.44 | 1.17 | 9.3% | - |
| TowneBank | TOWN | $3.2B | 15.81 |
| 1.10 |
| 7.0% |
| - |
| Hamilton Insurance Group, Ltd. | HG | $3.2B | 5.76 | 1.12 | 20.4% | 2.37 |
| Nicolet Bankshares, Inc. | NIC | $3.1B | 16.94 | 1.70 | 12.0% | - |
| DigitalBridge Group, Inc. | DBRG | $3.0B | 29.36 | 2.17 | 5.8% | -166.42 |
| Upstart Holdings, Inc. | UPST | $2.9B | 67.73 | 3.74 | 6.7% | 42.65 |
| Peer Median | - | 15.45 | 1.43 | 8.1% | 4.33 | |