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Wesbanco Inc   (WSBC)
Other Ticker:  
 
    Sector  Financial    Industry Commercial Banks
   Industry Commercial Banks
   Sector  Financial
 
Price: $28.3400 $0.78 2.830%
Day's High: $28.46 Week Perf: 3.92 %
Day's Low: $ 27.41 30 Day Perf: 2.02 %
Volume (M): 224 52 Wk High: $ 32.20
Volume (M$): $ 6,337 52 Wk Avg: $26.92
Open: $27.41 52 Wk Low: $19.84



 Market Capitalization (Millions $) 1,685
 Shares Outstanding (Millions) 59
 Employees 1,633
 Revenues (TTM) (Millions $) 596
 Net Income (TTM) (Millions $) 176
 Cash Flow (TTM) (Millions $) 117
 Capital Exp. (TTM) (Millions $) 22

Wesbanco Inc

Wesbanco, Inc., a bank holding company incorporated in 1968 and headquartered in Wheeling, West Virginia, offers a full range of financial services including retail banking, corporate banking, personal and corporate trust services, brokerage services, mortgage banking and insurance. WesBanco offers these services through two reportable segments, community banking and trust and investment services.

WesBanco operated one commercial bank, Wesbanco Bank, Inc. (“WesBanco Bank” or the “Bank”), through 141 offices, one loan production office and 129 ATM machines located in West Virginia, Ohio, and western Pennsylvania. WesBanco Bank also offers trust and investment services and various alternative investment products including mutual funds and annuities. These assets are held by WesBanco Bank in fiduciary or agency capacities for its customers and therefore are not included as assets on WesBanco’s Consolidated Balance Sheets.


On February 10, 2015, WesBanco completed the acquisition of ESB Financial Corporation (“ESB”), a Pennsylvania thrift holding company based in Ellwood City, Pennsylvania. The transaction has expanded WesBanco’s franchise in the Pittsburgh and western Pennsylvania region.


WesBanco offers additional services through its non-banking subsidiaries, WesBanco Insurance Services, Inc. (“WesBanco Insurance”), a multi-line insurance agency specializing in property, casualty, life and title insurance, with benefit plan sales and administration for personal and commercial clients; and WesBanco Securities, Inc. (“WesBanco Securities”), a full service broker-dealer, which also offers discount brokerage services.


WesBanco Asset Management, Inc., which was incorporated in 2002, holds certain investment securities and loans in a Delaware-based subsidiary.
WesBanco Properties, Inc. holds certain commercial real estate properties. The commercial property is leased to WesBanco Bank and to certain non-related third parties.


WesBanco has eight capital trusts which are all wholly-owned trust subsidiaries formed for the purpose of issuing trust preferred securities (“Trust Preferred Securities”) and lending the proceeds to WesBanco. For more information regarding WesBanco’s issuance of trust preferred securities please refer to Note 11, “Junior Subordinated Debt Owed to Unconsolidated Subsidiary Trusts” in the Consolidated Financial Statements.


In connection with WesBanco’s acquisition of ESB on February 10, 2015, WesBanco acquired ESB’s wholly owned subsidiary AMSCO, Inc., (“AMSCO”). AMSCO engages in the management of certain real estate development and construction of 1-4 family residential units through seven joint venture partnerships.


WesBanco Bank’s Investment Department also serves as investment adviser to a family of mutual funds, namely the “WesMark Funds”. The fund family is comprised of the WesMark Growth Fund, the WesMark Balanced Fund, the WesMark Small Company Growth Fund, the WesMark Government Bond Fund, and the WesMark West Virginia Municipal Bond Fund.




   Company Address: 1 Bank Plaza Wheeling 26003 WV
   Company Phone Number: 234-9000   Stock Exchange / Ticker: NASDAQ WSBC
   


Customers Net Income fell by WSBC's Customers Net Profit Margin fell to

-6.15 %

12.77 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
BAC        2.84% 
C        0.99% 
COF        2.68% 
JPM        1.59% 
TFC        0.27% 
WFC        5.93% 
• View Complete Report
   



Wesbanco Inc

A Sharpe Contraction: Wesbanco Inc Faces -9.573% Revenue Drop in Q3 2023 Amid Declining Financial Performance



Wesbanco Inc, a commercial bank, has witnessed a mixed bag of financial results in the third quarter of 2023. With a decrease in net profit per share, revenue, and earnings, the company is facing challenges in maintaining its profitability. This article will analyze the implications of these findings and speculate on the potential impact they might have on Wesbanco Inc's future.
1. Declining Financial Performance
In the third quarter of 2023, Wesbanco Inc experienced a notable drop in net profit per share, falling by -31.76% to $0.58 per share. This reduction can largely be attributed to a decrease in revenue by -9.573% to $142.23 million compared to the same period in the previous year. Additionally, Wesbanco Inc's earnings plummeted by -30.53% to $36.842 million.

Wesbanco Inc

Wesbanco Inc Reports Significant Revenue and Income Growth Despite Share Decline in Q2 2023



Wesbanco Inc, a prominent player in the commercial banking sector, has recently witnessed a decline in its shares over the last five trading days. This negative trend has contributed to the year-to-date performance, which now stands at -25.65%. However, despite this setback, the company's shares are trading 38.5% above their 52-week low. To gain a deeper understanding of the company's future prospects, it is crucial to analyze its financial results for the April to June 30, 2023 time-frame.
Revenue Growth and Income:
During the April to June period, Wesbanco Inc experienced an encouraging 7.397% increase in revenue compared to the prior year, reaching $150.38 million. This growth can be seen as a positive sign and reflects the company's ability to generate higher sales. Additionally, income per share also demonstrated progress, recording a 5.97% increase to $0.71 per share, compared to $0.67 in the previous year.






 

Wesbanco Inc's Segments
 
 
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