NASDAQ : WSBC
WesBanco, Inc. — Financial statements
Financials · Banks - Regional · United States
Last price 38.49 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 3.69B
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Financial statements
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Interest Income on Loans | 1.16B | 1.10B | 709.80M | 596.85M | 422.40M | 415.96M |
| Interest Income on Investments | 182.46M | 174.74M | 115.84M | 114.66M | 91.25M | 69.00M |
| Total Interest Income | 1.34B | 1.27B | 825.64M | 711.52M | 513.66M | 484.97M |
| Interest Paid on Deposits | 387.90M | 375.76M | 264.90M | 151.82M | 23.95M | 14.13M |
| Interest Paid on Borrowings | 68.03M | 81.88M | 82.53M | 78.36M | 15.40M | 12.91M |
| Total Interest Expense | 455.93M | 457.64M | 347.43M | 230.18M | 39.34M | 27.03M |
| Net Interest Income | 886.74M | 814.30M | 478.21M | 481.34M | 474.31M | 457.93M |
| Trust Income | 52.70M | 45.98M | 36.62M | 35.05M | 34.62M | 35.99M |
| Mortgage Banking Activities | 2.89M | 6.19M | 4.27M | 2.65M | 5.13M | 19.53M |
| Gain (Loss) on Sale of Investments | 2.56M | 3.38M | 1.41M | 900.00K | -1.78M | 1.11M |
| Other Non-Interest Income | 78.58M | 70.23M | 55.57M | 54.21M | 52.66M | 48.92M |
| Total Non-Interest Income | 184.60M | 166.75M | 127.98M | 120.45M | 117.39M | 132.78M |
| Revenues Before Loan Losses | 1.07B | 981.05M | 606.19M | 601.78M | 591.70M | 590.72M |
| Provision for Loan Losses | 20.01M | 77.24M | 19.21M | 17.73M | -1.66M | -64.27M |
| Revenue | 1.05B | 903.81M | 586.99M | 584.05M | 593.37M | 654.99M |
| Salaries and Employee Benefits | 314.17M | 282.29M | 210.56M | 210.84M | 193.00M | 183.18M |
| Occupancy Expenses | 26.54M | 26.94M | 20.16M | 20.74M | 21.50M | 21.64M |
| Federal Deposit Insurance | 18.99M | 20.90M | 14.21M | 12.25M | 7.90M | 4.15M |
| Amortization of Goodwill & Intangibles | 28.64M | 29.07M | 8.25M | 9.09M | 10.28M | 11.46M |
| Selling, General & Administrative | 96.44M | 94.47M | 69.17M | 65.44M | 58.24M | 55.94M |
| Other Non-Interest Expense | 100.83M | 94.97M | 73.12M | 67.81M | 64.32M | 70.06M |
| Total Non-Interest Expense | 585.61M | 548.64M | 395.47M | 386.17M | 355.24M | 346.43M |
| EBT Excluding Unusual Items | 465.71M | 355.17M | 191.51M | 197.88M | 238.12M | 308.57M |
| Pretax Income | 456.78M | 279.24M | 185.11M | 194.05M | 236.40M | 301.85M |
| Income Tax Expense | 94.86M | 56.13M | 33.60M | 35.02M | 44.29M | 59.59M |
| Net Income | 361.93M | 223.10M | 151.51M | 159.03M | 192.11M | 242.26M |
| Preferred Dividends & Other Adjustments | 25.67M | 20.54M | 10.12M | 10.12M | 10.12M | 10.12M |
| Net Income to Common | 336.26M | 202.56M | 141.38M | 148.91M | 181.99M | 232.13M |
| Basic Shares Outstanding | 95.72M | 90.90M | 62.59M | 59.30M | 60.05M | 65.52M |
| Diluted Shares Outstanding | 96.16M | 91.03M | 62.65M | 59.43M | 60.22M | 65.67M |
| EPS (Basic) | 3.51 | 2.23 | 2.26 | 2.51 | 3.03 | 3.54 |
| EPS (Diluted) | 3.50 | 2.23 | 2.26 | 2.51 | 3.02 | 3.53 |
| Dividend Per Share | 1.52 | 1.49 | 1.45 | 1.41 | 1.37 | 1.32 |
| Effective Tax Rate | 20.77% | 20.10% | 18.15% | 18.05% | 18.73% | 19.74% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 978.86M | 956.11M | 568.14M | 595.38M | 408.41M | 1.25B |
| Investment Securities | 1.84B | 1.84B | 1.60B | 1.50B | 1.58B | 1.36B |
| Trading Asset Securities | 100.40M | 63.84M | 72.46M | 72.27M | 75.89M | 24.88M |
| Mortgage-Backed Securities | 2.81B | 2.70B | 1.86B | 1.94B | 2.24B | 2.71B |
| Total Investments | 4.75B | 4.60B | 3.53B | 3.51B | 3.90B | 4.09B |
| Gross Loans | 20.16B | 19.53B | 12.67B | 11.65B | 10.72B | 9.76B |
| Allowance for Loan Losses | -214.56M | -218.75M | -138.77M | -130.68M | -117.79M | -121.62M |
| Other Adjustments to Gross Loans | -261.20M | -302.40M | -10.50M | -13.50M | -18.00M | -25.90M |
| Net Loans | 19.69B | 19.01B | 12.52B | 11.51B | 10.58B | 9.61B |
| Property, Plant & Equipment | 257.39M | 263.24M | 219.08M | 233.57M | 220.89M | 229.02M |
| Goodwill | 1.58B | 1.10B | 1.10B | 1.10B | 1.10B | |
| Other Intangible Assets | 1.70B | 141.10M | 27.25M | 35.51M | 44.59M | 54.87M |
| Loans Held for Sale | 56.71M | 87.45M | 18.70M | 16.35M | 8.25M | 25.28M |
| Accrued Interest Receivable | 106.18M | 106.65M | 78.32M | 77.44M | 68.52M | 60.84M |
| Other Real Estate Owned & Foreclosed | 1.78M | 907.00K | 852.00K | 1.50M | 1.49M | |
| Other Long-Term Assets | 927.72M | 889.78M | 583.52M | 572.93M | 559.40M | 487.08M |
| Total Assets | 28.47B | 27.70B | 18.68B | 17.71B | 16.93B | 16.93B |
| Interest Bearing Deposits | 15.65B | 12.89B | 8.29B | 7.95B | 8.06B | 8.31B |
| Institutional Deposits | 725.30M | 3.40B | 2.00B | 1.26B | 373.50M | 666.20M |
| Non-Interest Bearing Deposits | 5.24B | 5.38B | 3.84B | 3.96B | 4.70B | 4.59B |
| Total Deposits | 21.61B | 21.67B | 14.13B | 13.17B | 13.13B | 13.57B |
| Short-Term Borrowings | 211.68M | 175.07M | 264.32M | 179.18M | 209.79M | 168.30M |
| Current Portion of Long-Term Debt | 1.15B | |||||
| Current Portion of Leases | 14.70M | |||||
| Accrued Interest Payable | 21.36M | 19.15M | 14.23M | 11.12M | 4.59M | 1.90M |
| Long-Term Debt | 308.99M | 146.59M | 279.31M | 279.08M | 281.40M | 132.86M |
| Federal Home Loan Bank Debt, Long-Term | 1.95B | 50.00M | 1.00B | 1.35B | 705.00M | 183.92M |
| Long-Term Leases | 63.65M | 71.80M | 75.30M | 52.80M | 52.30M | |
| Trust Preferred Securities | 161.94M | |||||
| Other Long-Term Liabilities | 278.40M | 214.49M | 130.65M | 115.93M | 120.56M | 128.81M |
| Total Liabilities | 24.38B | 23.66B | 15.89B | 15.18B | 14.51B | 14.23B |
| Preferred Stock, Non-Redeemable | 224.19M | 224.19M | 144.48M | 144.48M | 144.48M | 144.48M |
| Total Preferred Equity | 224.19M | 224.19M | 144.48M | 144.48M | 144.48M | 144.48M |
| Common Stock | 200.40M | 200.14M | 156.99M | 141.83M | 141.83M | 141.83M |
| Additional Paid-In Capital | 2.50B | 2.49B | 1.81B | 1.64B | 1.64B | 1.64B |
| Retained Earnings | 1.40B | 1.25B | 1.19B | 1.14B | 1.08B | 977.76M |
| Treasury Stock | -7.12M | -292.24M | -303.00M | -308.96M | -199.76M | |
| Comprehensive Income & Other | -238.07M | -135.62M | -220.71M | -228.71M | -264.24M | -6.80M |
| Total Common Equity | 3.86B | 3.81B | 2.65B | 2.39B | 2.28B | 2.55B |
| Shareholders' Equity | 4.08B | 4.03B | 2.79B | 2.53B | 2.43B | 2.69B |
| Total Liabilities & Equity | 28.47B | 27.70B | 18.68B | 17.71B | 16.93B | 16.93B |
| Total Debt | 2.47B | 1.76B | 1.62B | 1.88B | 1.25B | 537.38M |
| Net Cash (Debt) | -1.39B | -742.00M | -974.83M | -1.22B | -764.70M | 738.85M |
| Net Cash Per Share | -14.47 | -8.15 | -15.56 | -20.46 | -12.70 | 11.25 |
| Filing Date Shares Outstanding | 95.99M | 96.11M | 66.94M | 59.38M | 59.20M | 61.31M |
| Total Common Shares Outstanding | 95.98M | 96.07M | 66.92M | 59.38M | 59.20M | 62.31M |
| Book Value Per Share | 40.20 | 39.64 | 39.54 | 40.23 | 38.55 | 40.91 |
| Tangible Book Value | 2.16B | 2.08B | 1.52B | 1.26B | 1.14B | 1.40B |
| Tangible Book Value Per Share | 22.47 | 21.70 | 22.74 | 21.16 | 19.27 | 22.42 |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 361.93M | 223.10M | 151.51M | 159.03M | 192.11M | 242.26M |
| Depreciation & Amortization | 48.83M | 49.26M | 23.54M | 23.52M | 23.32M | 2.39M |
| Gain (Loss) on Sale of Investments | -3.38M | -3.38M | -1.41M | -900.00K | 1.78M | -1.11M |
| Provision for Credit Losses | 77.24M | 77.24M | 19.21M | 17.73M | -1.66M | -64.27M |
| Net Decrease (Increase) in Loans Originated / Sold - Operating | -2.22M | -2.22M | -2.60M | -7.95M | 17.02M | 141.48M |
| Accrued Interest Receivable | 30.83M | 30.83M | 4.50M | -30.03M | -63.07M | 60.50M |
| Change in Other Net Operating Assets | -15.10M | -15.10M | -9.54M | -11.00M | -10.73M | -8.94M |
| Other Operating Activities | -115.51M | -79.17M | 446.00K | 1.68M | -9.59M | -26.08M |
| Operating Cash Flow | 392.46M | 290.41M | 211.00M | 169.32M | 204.14M | 336.30M |
| Capital Expenditures | -15.18M | -10.43M | -10.33M | -22.51M | -7.99M | -8.54M |
| Cash Acquisitions | 200.45M | |||||
| Investment in Securities | -129.18M | 244.68M | 1.89M | 414.39M | -110.70M | -1.39B |
| Net Decrease (Increase) in Loans Originated / Sold - Investing | -883.76M | -510.79M | -1.03B | -935.44M | -958.19M | 1.11B |
| Other Investing Activities | -27.96M | 5.06M | 3.84M | 8.33M | 8.73M | -35.38M |
| Investing Cash Flow | -1.06B | -71.01M | -1.03B | -535.22M | -1.07B | -328.50M |
| Short-Term Debt Issued | 86.18M | |||||
| Long-Term Debt Issued | 1.18B | 1.18B | 1.60B | 797.70M | ||
| Total Debt Issued | 1.85B | 1.18B | 1.26B | 1.60B | 797.70M | |
| Short-Term Debt Repaid | -81.39M | -29.18M | -6.82M | -100.06M | ||
| Long-Term Debt Repaid | -1.53B | -1.53B | -965.64M | -129.53M | -425.64M | |
| Total Debt Repaid | -1.23B | -1.61B | -1.53B | -994.82M | -136.36M | -525.70M |
| Net Debt Issued (Repaid) | 620.24M | -436.17M | -266.77M | 610.18M | 661.35M | -525.70M |
| Issuance of Common Stock | 2.13M | 540.00K | 191.04M | |||
| Repurchase of Common Stock | -7.96M | -1.09M | -3.51M | -116.05M | -179.88M | |
| Preferred Stock Issued | 224.19M | |||||
| Preferred Share Repurchases | -150.20M | -150.00M | ||||
| Common Dividends Paid | -139.55M | -125.25M | -87.42M | -82.29M | -81.33M | -86.48M |
| Preferred Dividends Paid | -20.15M | -15.03M | -10.12M | -10.12M | -10.12M | -10.12M |
| Total Dividends Paid | -159.71M | -140.27M | -97.54M | -92.42M | -91.45M | -96.61M |
| Net Increase (Decrease) in Deposit Accounts | 329.74M | 671.38M | 965.17M | 38.61M | -432.77M | 1.14B |
| Financing Cash Flow | 634.24M | 168.57M | 791.90M | 552.87M | 21.07M | 338.11M |
| Net Cash Flow | -29.38M | 387.97M | -27.25M | 186.97M | -842.95M | 345.91M |
| Free Cash Flow | 377.28M | 279.99M | 200.67M | 146.82M | 196.15M | 327.76M |
| Free Cash Flow Margin | 35.89% | 30.98% | 34.19% | 25.14% | 33.06% | 50.04% |
| Free Cash Flow Per Share | 3.92 | 3.08 | 3.20 | 2.47 | 3.26 | 4.99 |
| Cash Interest Paid | 461.02M | 462.83M | 344.25M | 223.92M | 37.74M | 32.57M |
| Cash Income Tax Paid | 46.78M | 31.74M | 26.84M | 35.59M | 24.90M | 35.73M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 3.78B | 3.19B | 2.18B | 1.86B | 2.19B | 2.21B |
| Last Close Price | 38.49 | 32.22 | 30.11 | 27.67 | 31.06 | 28.26 |
| PE Ratio | 11.27 | 15.76 | 15.39 | 12.51 | 12.02 | 9.53 |
| PS Ratio | 3.59 | 3.53 | 3.71 | 3.19 | 3.69 | 3.38 |
| PB Ratio | 0.96 | 0.79 | 0.78 | 0.73 | 0.90 | 0.82 |
| P/FCF Ratio | 10.01 | 11.40 | 10.84 | 12.69 | 11.15 | 6.75 |
| P/OCF Ratio | 9.62 | 10.99 | 10.31 | 11.00 | 10.72 | 6.58 |
| Debt / Equity Ratio | 0.60 | 0.44 | 0.58 | 0.74 | 0.52 | 0.20 |
| Debt / FCF Ratio | 6.55 | 6.29 | 8.05 | 12.83 | 6.37 | 1.64 |
| Net Debt / Equity Ratio | 0.34 | 0.18 | 0.35 | 0.48 | 0.32 | -0.27 |
| Net Debt / FCF Ratio | 3.69 | 2.65 | 4.86 | 8.28 | 3.90 | -2.25 |
| Return on Equity (ROE) | 8.83% | 6.54% | 5.69% | 6.41% | 7.51% | 8.89% |
| Return on Assets (ROA) | 1.29% | 0.96% | 0.83% | 0.92% | 1.14% | 1.45% |
| Earnings Yield | 8.87% | 6.99% | 6.96% | 8.54% | 8.78% | 10.95% |
| FCF Yield | 9.99% | 8.77% | 9.22% | 7.88% | 8.97% | 14.82% |
| Dividend Yield | 3.86% | 4.48% | 4.46% | 4.50% | 3.71% | 3.72% |
| Payout Ratio | 43.49% | 62.87% | 64.38% | 58.11% | 47.60% | 39.88% |
| Buyback Yield / Dilution | -14.49% | -45.30% | -5.43% | 1.31% | 8.31% | 2.44% |
| Total Shareholder Return | -10.62% | -40.81% | -0.97% | 5.80% | 12.01% | 6.15% |