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Complete financial analysis of WesBanco, Inc. (WSBC) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of WesBanco, Inc., a leading company in the Banks – Regional industry within the Financial Services sector.
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WesBanco, Inc. (WSBC)
About WesBanco, Inc.
WesBanco, Inc. operates as the bank holding company for WesBanco Bank, Inc. that provides retail banking, corporate banking, personal and corporate trust, brokerage, and mortgage banking and insurance services. It operates in two segments, Community Banking, and Trust and Investment Services. The company offers commercial demand, individual demand, and time deposit accounts; money market accounts; interest bearing and non-interest bearing demand deposits, as well as savings deposits; and certificates of deposit. It also provides commercial real estate loans; commercial and industrial loans; residential real estate loans, including loans to purchase, construct, or refinance borrower's home; home equity lines of credit; installment loans to finance the purchase of automobiles, trucks, motorcycles, boats, and other recreational vehicles, as well as home equity installment loans, unsecured home improvement loans, and revolving lines of credit; and commercial, mortgage, and individual installment loans. In addition, the company offers trust and investment services, as well as various investment products comprising mutual funds and annuities; and securities brokerage services. Further, WesBanco, Inc., through its non-banking subsidiaries, acts as an agency that specializes in property, casualty, life, and title insurance, as well as benefit plan sales and administration to personal and commercial clients; provides broker dealer and discount brokerage services; holds investment securities and loans; and holds and leases commercial real estate properties, as well as acts as an investment adviser to a family of mutual funds. As of December 31, 2021, it operated 206 branches and 203 ATMs in West Virginia, Ohio, western Pennsylvania, Kentucky, southern Indiana, and Maryland, as well as seven loan production offices in West Virginia, Ohio, western Pennsylvania, Maryland, and northern Virginia. WesBanco, Inc. was founded in 1870 and is headquartered in Wheeling, West Virginia.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 | 1992 | 1991 | 1990 | 1989 | 1988 | 1987 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 594.69M | 591.70M | 590.72M | 607.67M | 516.62M | 447.51M | 379.14M | 334.83M | 311.45M | 261.73M | 254.77M | 233.13M | 229.25M | 225.69M | 222.96M | 217.88M | 172.25M | 163.24M | 171.44M | 144.77M | 136.23M | 131.45M | 112.17M | 106.90M | 111.20M | 114.50M | 83.50M | 77.00M | 67.10M | 67.20M | 51.10M | 48.20M | 39.20M | 32.80M | 31.40M | 0.00 | 0.00 |
| Cost of Revenue | 67.81M | 64.32M | 70.06M | 70.75M | 62.66M | 50.72M | 45.33M | 41.00M | 38.89M | 37.20M | 37.34M | 35.45M | 33.98M | 33.97M | 35.46M | 35.65M | 30.42M | 28.90M | 32.89M | 27.22M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 526.88M | 527.39M | 520.66M | 536.92M | 453.96M | 396.79M | 333.81M | 293.83M | 272.57M | 224.54M | 217.44M | 197.68M | 195.27M | 191.72M | 187.50M | 182.24M | 141.83M | 134.34M | 138.56M | 117.55M | 136.23M | 131.45M | 112.17M | 106.90M | 111.20M | 114.50M | 83.50M | 77.00M | 67.10M | 67.20M | 51.10M | 48.20M | 39.20M | 32.80M | 31.40M | 0.00 | 0.00 |
| Gross Profit Ratio | 88.60% | 89.13% | 88.14% | 88.36% | 87.87% | 88.67% | 88.04% | 87.75% | 87.51% | 85.79% | 85.34% | 84.79% | 85.18% | 84.95% | 84.10% | 83.64% | 82.34% | 82.29% | 80.82% | 81.20% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 0.00% | 0.00% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 236.09M | 212.70M | 199.43M | 202.62M | 173.75M | 147.92M | 130.80M | 116.22M | 108.34M | 92.30M | 92.41M | 84.27M | 78.76M | 79.45M | 83.17M | 72.12M | 57.40M | 53.68M | 56.29M | 47.39M | 32.95M | 39.22M | 33.84M | 33.31M | 35.30M | 35.40M | 25.80M | 23.60M | 21.60M | 21.70M | 15.20M | 14.60M | 12.40M | 10.80M | 10.20M | 0.00 | 0.00 |
| Selling & Marketing | 11.18M | 9.34M | 8.63M | 5.96M | 6.06M | 5.37M | 5.72M | 5.39M | 5.65M | 5.24M | 5.17M | 4.24M | 5.14M | 4.19M | 5.09M | 5.67M | 4.48M | 5.14M | 4.54M | 3.05M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 247.27M | 222.04M | 208.06M | 208.58M | 179.82M | 153.29M | 136.52M | 121.61M | 113.99M | 97.54M | 97.59M | 88.51M | 83.90M | 83.64M | 88.27M | 77.79M | 61.88M | 58.83M | 60.83M | 50.44M | 32.95M | 39.22M | 33.84M | 33.31M | 35.30M | 35.40M | 25.80M | 23.60M | 21.60M | 21.70M | 15.20M | 14.60M | 12.40M | 10.80M | 10.20M | 0.00 | 0.00 |
| Other Expenses | 0.00 | -157.72M | -496.93M | -671.17M | -503.22M | -362.73M | -51.07M | -47.15M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -52.47M | -60.62M | -61.86M | -52.67M | -28.38M | -21.47M | -38.10M | -34.20M | -23.00M | -22.90M | -21.40M | -31.80M | -15.10M | -7.70M | 1.20M | 5.80M | 4.10M | 7.60M | 6.10M |
| Operating Expenses | 297.02M | 64.32M | -288.87M | -462.59M | -323.41M | -199.55M | 5.72M | 5.39M | 5.65M | 5.24M | 5.17M | 4.24M | 5.14M | 4.19M | 5.09M | 5.67M | 4.48M | 5.14M | 8.35M | -10.18M | -28.91M | -13.45M | 5.47M | 11.84M | -2.80M | 1.20M | 2.80M | 700.00K | 200.00K | -10.10M | 100.00K | 6.90M | 13.60M | 16.60M | 14.30M | 7.60M | 6.10M |
| Cost & Expenses | 297.02M | 64.32M | -288.87M | -462.59M | -323.41M | -199.55M | 51.05M | 46.39M | 44.53M | 42.44M | 42.51M | 39.68M | 39.12M | 38.16M | 40.56M | 41.32M | 34.90M | 34.05M | 32.89M | 27.22M | -28.91M | -13.45M | 5.47M | 11.84M | -2.80M | 1.20M | 2.80M | 700.00K | 200.00K | -10.10M | 100.00K | 6.90M | 13.60M | 16.60M | 14.30M | 7.60M | 6.10M |
| Interest Income | 711.52M | 513.66M | 484.97M | 541.28M | 484.25M | 414.96M | 332.42M | 286.10M | 261.71M | 215.99M | 217.89M | 211.69M | 224.17M | 236.53M | 257.36M | 281.77M | 236.39M | 227.27M | 224.75M | 169.44M | 165.52M | 176.16M | 163.94M | 163.08M | 155.90M | 162.70M | 124.60M | 112.90M | 97.90M | 92.00M | 74.00M | 77.80M | 71.00M | 63.80M | 59.40M | 0.00 | 0.00 |
| Interest Expense | 230.18M | 39.34M | 27.03M | 61.80M | 84.35M | 67.72M | 42.13M | 32.77M | 24.73M | 22.76M | 32.40M | 43.34M | 54.80M | 70.44M | 98.99M | 121.23M | 117.08M | 104.44M | 92.43M | 60.21M | 62.51M | 72.56M | 76.35M | 79.55M | 69.30M | 73.90M | 55.80M | 48.20M | 41.90M | 35.60M | 31.60M | 38.10M | 39.40M | 37.80M | 34.40M | 0.00 | 0.00 |
| Depreciation & Amortization | 14.44M | 23.32M | 24.84M | 27.54M | 21.91M | 17.43M | 15.38M | 12.84M | 3.14M | 1.92M | 2.29M | 2.15M | 2.41M | 13.72M | 10.33M | 7.44M | 4.71M | 4.24M | 5.89M | 8.84M | 10.81M | 5.28M | 4.45M | 5.60M | 6.90M | 5.40M | 5.20M | 5.50M | 5.40M | 7.10M | 1.30M | 4.50M | 1.20M | 1.00M | 1.10M | 0.00 | 0.00 |
| EBITDA | 0.00 | 440.00M | 406.27M | 464.57M | 415.54M | 358.87M | 281.37M | 239.71M | 120.44M | 103.00M | 93.95M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 55.99M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 7.60M | 6.10M |
| EBITDA Ratio | 0.00% | 48.34% | 53.04% | 26.08% | 39.40% | 56.47% | 52.98% | 47.69% | 45.60% | 47.32% | 48.70% | 48.27% | 53.15% | 54.99% | 59.32% | 78.61% | 101.30% | 96.16% | 89.12% | 80.27% | 86.71% | 93.78% | 108.84% | 116.32% | 103.69% | 105.76% | 109.58% | 108.05% | 108.35% | 95.54% | 102.74% | 123.65% | 137.76% | 153.66% | 149.04% | 0.00% | 0.00% |
| Operating Income | 287.03M | 275.74M | 301.85M | 145.08M | 193.21M | 242.25M | 281.37M | 239.71M | 217.18M | 173.55M | 175.38M | 172.00M | 185.04M | 198.37M | 216.81M | 240.45M | 201.49M | 193.22M | 146.91M | 107.37M | 107.32M | 118.00M | 117.64M | 118.75M | 108.40M | 115.70M | 86.30M | 77.70M | 67.30M | 57.10M | 51.20M | 55.10M | 52.80M | 49.40M | 45.70M | 7.60M | 6.10M |
| Operating Income Ratio | 48.27% | 46.60% | 51.10% | 23.87% | 37.40% | 54.13% | 74.21% | 71.59% | 69.73% | 66.31% | 68.84% | 73.78% | 80.72% | 87.89% | 97.24% | 110.36% | 116.98% | 118.37% | 85.69% | 74.17% | 78.78% | 89.77% | 104.87% | 111.08% | 97.48% | 101.05% | 103.35% | 100.91% | 100.30% | 84.97% | 100.20% | 114.32% | 134.69% | 150.61% | 145.54% | 0.00% | 0.00% |
| Total Other Income/Expenses | -92.98M | -84.22M | -92.39M | -101.62M | -91.35M | -78.80M | -54.72M | -61.85M | -57.21M | -79.86M | -44.66M | -9.94M | 0.00 | -175.00K | -1.82M | -3.95M | 365.00K | -5.94M | -1.53M | -57.09M | -62.51M | -72.56M | -76.35M | -79.55M | -69.30M | -73.90M | -55.80M | -48.20M | -41.90M | -35.60M | -31.60M | -37.50M | -39.40M | -37.80M | -34.40M | 0.00 | 0.00 |
| Income Before Tax | 194.05M | 236.40M | 301.85M | 145.08M | 193.21M | 174.52M | 148.29M | 117.67M | 109.18M | 93.69M | 84.69M | 63.13M | 53.65M | 39.96M | 22.94M | 42.61M | 52.69M | 48.30M | 54.48M | 47.16M | 44.81M | 45.45M | 41.28M | 39.20M | 39.10M | 41.80M | 30.50M | 29.50M | 25.40M | 21.50M | 19.60M | 17.60M | 13.40M | 11.60M | 11.30M | 0.00 | 0.00 |
| Income Before Tax Ratio | 32.63% | 39.95% | 51.10% | 23.87% | 37.40% | 39.00% | 39.11% | 35.14% | 35.05% | 35.80% | 33.24% | 27.08% | 23.40% | 17.71% | 10.29% | 19.56% | 30.59% | 29.59% | 31.78% | 32.58% | 32.89% | 34.57% | 36.80% | 36.66% | 35.16% | 36.51% | 36.53% | 38.31% | 37.85% | 31.99% | 38.36% | 36.51% | 34.18% | 35.37% | 35.99% | 0.00% | 0.00% |
| Income Tax Expense | 35.02M | 44.29M | 59.59M | 23.04M | 34.34M | 31.41M | 53.81M | 31.04M | 28.42M | 23.72M | 20.76M | 13.59M | 9.84M | 4.35M | -992.00K | 4.49M | 8.02M | 9.26M | 11.72M | 8.98M | 8.68M | 10.62M | 12.28M | 12.27M | 11.50M | 13.50M | 8.20M | 8.30M | 7.20M | 5.80M | 4.90M | 4.70M | 3.50M | 2.70M | 2.80M | -7.60M | -6.10M |
| Net Income | 159.03M | 192.11M | 242.26M | 122.04M | 158.87M | 143.11M | 94.48M | 86.64M | 80.76M | 69.97M | 63.93M | 49.54M | 43.81M | 35.61M | 23.93M | 38.12M | 44.67M | 39.04M | 42.76M | 38.18M | 36.13M | 34.83M | 29.00M | 26.92M | 27.60M | 28.30M | 22.30M | 21.20M | 18.20M | 15.70M | 14.70M | 12.30M | 9.90M | 8.90M | 8.50M | 7.60M | 6.10M |
| Net Income Ratio | 26.74% | 32.47% | 41.01% | 20.08% | 30.75% | 31.98% | 24.92% | 25.87% | 25.93% | 26.73% | 25.09% | 21.25% | 19.11% | 15.78% | 10.73% | 17.49% | 25.93% | 23.91% | 24.94% | 26.38% | 26.52% | 26.49% | 25.85% | 25.19% | 24.82% | 24.72% | 26.71% | 27.53% | 27.12% | 23.36% | 28.77% | 25.52% | 25.26% | 27.13% | 27.07% | 0.00% | 0.00% |
| EPS | 2.51 | 3.03 | 3.54 | 1.78 | 2.83 | 2.93 | 2.15 | 2.16 | 2.15 | 2.39 | 2.18 | 1.84 | 1.65 | 1.34 | 0.90 | 1.44 | 2.09 | 1.79 | 1.90 | 1.91 | 1.80 | 1.70 | 1.60 | 1.41 | 1.36 | 1.36 | 1.09 | 1.39 | 1.43 | 1.22 | 1.25 | 1.25 | 1.22 | 1.24 | 1.19 | 1.05 | 0.84 |
| EPS Diluted | 2.51 | 3.02 | 3.53 | 1.77 | 2.83 | 2.92 | 2.14 | 2.16 | 2.15 | 2.39 | 2.18 | 1.84 | 1.65 | 1.34 | 0.90 | 1.43 | 2.09 | 1.79 | 1.90 | 1.90 | 1.80 | 1.70 | 1.60 | 1.41 | 1.35 | 1.36 | 1.09 | 1.39 | 1.43 | 1.21 | 1.25 | 1.25 | 1.22 | 1.24 | 1.19 | 1.05 | 0.84 |
| Weighted Avg Shares Out | 59.30M | 60.05M | 65.52M | 67.26M | 56.11M | 48.89M | 44.00M | 40.10M | 37.49M | 29.25M | 29.27M | 26.87M | 26.61M | 26.58M | 26.57M | 26.55M | 21.36M | 21.76M | 22.47M | 20.03M | 20.06M | 20.46M | 18.12M | 19.09M | 20.23M | 20.87M | 20.49M | 15.25M | 12.71M | 12.89M | 11.76M | 9.84M | 8.11M | 7.18M | 7.14M | 7.24M | 7.26M |
| Weighted Avg Shares Out (Dil) | 59.43M | 60.22M | 65.67M | 67.31M | 56.21M | 49.02M | 44.08M | 40.13M | 37.55M | 29.33M | 29.34M | 26.89M | 26.62M | 26.58M | 26.57M | 26.56M | 21.39M | 21.82M | 22.53M | 20.08M | 20.06M | 20.46M | 18.12M | 19.09M | 20.39M | 20.87M | 20.49M | 15.25M | 12.75M | 12.99M | 11.76M | 9.84M | 8.11M | 7.18M | 7.14M | 7.24M | 7.26M |
WesBanco (WSBC) Q4 Earnings: How Key Metrics Compare to Wall Street Estimates
Although the revenue and EPS for WesBanco (WSBC) give a sense of how its business performed in the quarter ended December 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
WesBanco Announces Fourth Quarter 2023 Financial Results
Continued deposit and loan growth while maintaining a stable net interest margin WHEELING, W.Va. , Jan. 23, 2024 /PRNewswire/ -- WesBanco, Inc. ("WesBanco") (Nasdaq: WSBC), a diversified, multi-state bank holding company, today announced net income and related earnings per share...
Insights Into WesBanco (WSBC) Q4: Wall Street Projections for Key Metrics
Get a deeper insight into the potential performance of WesBanco (WSBC) for the quarter ended December 2023 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.
WesBanco Named Among Newsweek's Best Regional Banks
WHEELING, W.Va. , Jan. 18, 2024 /PRNewswire/ -- WesBanco, Inc. (Nasdaq: WSBC), a diversified, multi-state bank holding company, announced today that its affiliate, WesBanco Bank, has been named one of America's Best Regional Banks and Credits Unions 2024 by Newsweek.
WesBanco, Inc. to Host 2023 Fourth Quarter Earnings Conference Call and Webcast on Wednesday, January 24th
WHEELING, W.Va. , Jan. 4, 2024 /PRNewswire/ -- WesBanco, Inc. (Nasdaq:WSBC), a diversified, multi-state bank holding company, announced today it will host a conference call at 10:00 a.m.
9 Upcoming Dividend Increases, Including A King
Dividend growing companies perform better than those that don't increase their payouts consistently. Becton, Dickinson and Company is a dividend king, while UBSI and ADP are approaching king status. December is the last opportunity for companies to announce their yearly...
WesBanco Rings Nasdaq Opening Bell to Celebrate Next Chapter of Growth
New CEO Jeff Jackson led the ceremony WHEELING, W.Va. , Nov. 29, 2023 /PRNewswire/ -- WesBanco, Inc. (Nasdaq: WSBC), a diversified, multi-state bank holding company, today proudly rang the Nasdaq Stock Market opening bell, marking the company's next chapter of...
WesBanco: Attractive Valuation With A Stable Earnings Outlook
The margin declined more than expected in the last two quarters. Therefore, I've reduced my margin estimate for the full year. The loan growth outlook remains positive because of the management's initiatives. The December 2024 target price suggests a high...
WesBanco (WSBC) Rewards Investors, Hikes Dividend by 2.9%
WesBanco (WSBC) announces a hike of 2.9% in its quarterly cash dividend. This, along with share repurchases, is likely to continue to enhance shareholders' value.
WesBanco Declares Increase in Quarterly Cash Dividend to Its Shareholders
WHEELING, W.Va. , Nov. 15, 2023 /PRNewswire/ -- WesBanco, Inc. (Nasdaq: WSBC), a diversified, multi-state bank holding company, announced today that its Board of Directors has approved a 2.9% increase in the quarterly cash dividend to $0.36 per common share...
Source: https://incomestatements.info
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