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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, Inc. (WSBC) Q3 2023 Earnings Call Transcript
WesBanco, Inc. (NASDAQ:WSBC ) Q3 2023 Earnings Conference Call October 26, 2023 3:00 PM ET Company Participants John Iannone - Senior Vice President-Investor Relations Jeff Jackson - President and Chief Executive Officer Dan Weiss - Executive Vice President and Chief...
Compared to Estimates, WesBanco (WSBC) Q3 Earnings: A Look at Key Metrics
While the top- and bottom-line numbers for WesBanco (WSBC) give a sense of how the business performed in the quarter ended September 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates...
WesBanco (WSBC) Misses Q3 Earnings Estimates
WesBanco (WSBC) came out with quarterly earnings of $0.59 per share, missing the Zacks Consensus Estimate of $0.62 per share. This compares to earnings of $0.85 per share a year ago.
WesBanco Announces Third Quarter 2023 Financial Results
Generated solid deposit and loan growth; maintained strong capital levels and credit quality WHEELING, W.V., Oct. 25, 2023 /PRNewswire/ -- WesBanco, Inc. ("WesBanco") (Nasdaq: WSBC), a diversified, multi-state bank holding company, today announced net income and related earnings per share for...
WesBanco, Inc. to Host 2023 Third Quarter Earnings Conference Call and Webcast on Thursday, October 26th
WHEELING, W.Va. , Oct. 3, 2023 /PRNewswire/ -- WesBanco, Inc. (Nasdaq:WSBC), a diversified, multi-state bank holding company, announced today it will host a conference call at 3:00 p.m.
WesBanco Declares Quarterly Cash Dividend upon Its Perpetual Preferred Stock
WHEELING, W.Va. , Sept. 21, 2023 /PRNewswire/ -- WesBanco, Inc. (Nasdaq:WSBC), a diversified, multi-state bank holding company, announced today that its Board of Directors has declared a quarterly cash dividend on the outstanding shares of its 6.75% Non-Cumulative Perpetual Preferred...
WesBanco: Appealing Price And Dividend Income Play
WesBanco has bounced back from the lows of $21.2 per share and offers a yield of over 5%. The company operates in the regional bank sector and has a diverse range of offerings in the financial sector. Despite the decline...
WesBanco Declares Quarterly Cash Dividend to Its Shareholders
WHEELING, W.Va. , Aug. 24, 2023 /PRNewswire/ -- WesBanco, Inc. (Nasdaq: WSBC), a diversified, multi-state bank holding company, announced today that its Board of Directors has declared a quarterly cash dividend of $0.35 per share to be paid to its...
WesBanco: Price/Book Value Seems Too Low Compared To Peers
WesBanco remains undervalued based on its equity, with a Price/Book Value below the industry median. The bank is facing challenges with its net interest margin due to increasing deposit costs. Despite high exposure to CRE loans, WesBanco's loans show no...
WesBanco Opens Commercial Loan Production Office in Fast-Growing Chattanooga Market
Latest LPO advances company's strategic growth in Tennessee WHEELING, W.Va. , Aug. 15, 2023 /PRNewswire/ -- WesBanco, Inc. (Nasdaq: WSBC), a diversified, multi-state bank holding company, announced today that it has opened a new loan production office (LPO) to serve...
Source: https://incomestatements.info
Category: Stock Reports