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Wesbanco Inc   (WSBC)
Other Ticker:  
 
    Sector  Financial    Industry Commercial Banks
   Industry Commercial Banks
   Sector  Financial


Wesbanco Inc 's Effective Tax Rate by quarter

Trends, Rankings, Statistics



WSBC Effective Tax Rate (Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
(Sep 30 2022)
III. Quarter
Y / Y Pre-Tax Income Change -32.22 % 1.77 % -3.15 % -3.36 % 18.69 %
Seq. Pre-Tax Income Change -17.89 % 3.18 % -18.39 % -1.97 % 23.29 %
Pre-Tax Income In Millions $44.30 $53.94 $52.28 $64.06 $65.35
Effective Tax Rate 16.83 % 16.8 % 19.02 % 18.51 % 18.85 %
Effective Tax Rate Total Ranking # 550 # 526 # 656 # 801 # 813
Income taxes expenses / -benefit In Millions $7.45 $9.06 $9.94 $11.86 $12.32
Y / Y Income taxes expenses / -benefit Change -39.5 % -11.63 % 0.84 % -2.38 % 15.65 %
Seq. Income taxes expenses / -benefit Change -17.76 % -8.84 % -16.14 % -3.76 % 20.11 %


Commenting Third Quarter 2023 Effective Tax Rate
Company's effective tax rate in III. Quarter increased compare to previous quarter to 16.83 %, below company's average Effective Tax Rate.

Looking into III. Quarter results within Commercial Banks industry 22 other companies have achieved lower Effective Tax Rate. While Effective Tax Rate total ranking has deteriorated compare to previous quarter from 526 to 550.

WSBC's Effective Tax Rate third quarter 2023 Company Ranking
Within: No.
Commercial Banks Industry # 23
Financial Sector # 150
Overall # 550

WSBC's Effective Tax Rate Statistics
High Average Low
51.99 % 21.74 % 0.93 %
(Dec 31 2017)   (Jun 30 2020)




Other Effective Tax Rate Profitability Ratios
WSBC's Cumulative Effective Tax Rate
Commercial Banks Industry Effective Tax Rate Trends and Statistics
Financial Sector Effective Tax Rate Statistics
Effective Tax Rate Profitability Trends for overall market
WSBC's Effective Tax Rate Profitability versus Commercial Banks Industry, Financial Sector and total Market
Highest Ranking Effective Tax Rate
Lowest Ranking Effective Tax Rate
Effective Tax Rate Profit Margin for WSBC's Competitors
Effective Tax Rate Profit Margin for Wesbanco Inc 's Suppliers
Effective Tax Rate Profit Margin for WSBC's Customers

You may also want to know
WSBC's Annual Growth Rates WSBC's Profitability Ratios WSBC's Asset Turnover Ratio WSBC's Dividend Growth
WSBC's Roe WSBC's Valuation Ratios WSBC's Financial Strength Ratios WSBC's Income taxes expenses / -benefit Growth
WSBC's Roa WSBC's Inventory Turnover Ratio WSBC's Growth Rates WSBC's Dividend Comparisons


Companies with similar Effective Tax Rate in the quarter ending Sep 30 2023, within Commercial Banks Industry Effective Tax RateSep 30 2023 MRQ Income taxes expenses / -benefitSep 30 2023 MRQ Pre-Tax Income
Nicolet Bankshares Inc  46.09 %$ 14.669 $ 31.827 
Dime Community Bancshares Inc  35.07 %$ 8.093 $ 23.078 
Hanmi Financial Corporation  29.56 %$ 7.888 $ 26.684 
United Security Bancshares  28.78 %$ 1.557 $ 5.410 
Banc Of California Inc   27.63 %$ 16.258 $ 58.832 
Valley National Bancorp  27.45 %$ 53.486 $ 194.832 
Westamerica Bancorporation  26.95 %$ 15.345 $ 56.946 
First Horizon Corp  26.80 %$ 52.000 $ 194.000 
Optimumbank Holdings Inc   26.56 %$ 0.459 $ 1.728 
Evans Bancorp Inc   26.15 %$ 1.281 $ 4.899 
Farmers and Merchants Bancorp  25.51 %$ 7.545 $ 29.579 
Citigroup inc  25.13 %$ 1,203.000 $ 4,788.000 
Sandy Spring Bancorp Inc   24.93 %$ 6.890 $ 27.636 
Hope Bancorp Inc   24.90 %$ 9.961 $ 40.010 
Bank First Corp  24.72 %$ 4.861 $ 19.665 
The Bancorp Inc   24.55 %$ 16.314 $ 66.451 
American National Bankshares Inc   24.16 %$ 1.844 $ 7.632 
Oceanfirst Financial Corp   23.93 %$ 6.459 $ 26.991 
Wsfs Financial Corporation  23.57 %$ 22.904 $ 97.167 
Capital Bancorp Inc  23.45 %$ 2.998 $ 12.786 
Zions Bancorporation National Association  23.25 %$ 53.000 $ 228.000 
Comerica Incorporated  23.24 %$ 76.000 $ 327.000 
Meridian Corp  23.13 %$ 1.205 $ 5.210 
Old National Bancorp  23.05 %$ 44.304 $ 192.180 
First United Corporation  22.64 %$ 1.321 $ 5.834 
Northwest Bancshares inc   22.62 %$ 11.464 $ 50.684 
Southern First Bancshares Inc   22.58 %$ 1.195 $ 5.293 
Amerant Bancorp Inc   22.57 %$ 6.337 $ 28.078 
Nbt Bancorp Inc  22.38 %$ 7.095 $ 31.701 
Synovus Financial Corp  22.33 %$ 27.729 $ 124.194 




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