See more : Lighthouse Global Holdings Inc. (LHGI) Income Statement Analysis – Financial Results
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.
You may be interested
- Tian Chang Group Holdings Ltd. (2182.HK) Income Statement Analysis – Financial Results
- Kadimastem Ltd (KMSTF) Income Statement Analysis – Financial Results
- Yip’s Chemical Holdings Limited (0408.HK) Income Statement Analysis – Financial Results
- TaiDoc Technology Corporation (4736.TW) Income Statement Analysis – Financial Results
- Siemens Healthineers AG (0PMJ.L) Income Statement Analysis – Financial Results
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) Q2 2023 Earnings Call Transcript
WesBanco, Inc. (NASDAQ:WSBC ) Q2 2023 Earnings Conference Call July 26, 2023 10:00 AM ET Company Participants John Iannone – Senior Vice President-Investor Relations Todd Clossin – President and Chief Executive Officer Jeff Jackson – Senior Executive Vice President and...
Compared to Estimates, WesBanco (WSBC) Q2 Earnings: A Look at Key Metrics
The headline numbers for WesBanco (WSBC) give insight into how the company performed in the quarter ended June 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
WesBanco (WSBC) Surpasses Q2 Earnings and Revenue Estimates
WesBanco (WSBC) came out with quarterly earnings of $0.71 per share, beating the Zacks Consensus Estimate of $0.68 per share. This compares to earnings of $0.67 per share a year ago.
WesBanco Announces Second Quarter 2023 Financial Results
Generated solid earnings and loan growth; maintained strong capital levels; stable deposits WHEELING, W.Va. , July 25, 2023 /PRNewswire/ -- WesBanco, Inc. ("WesBanco") (Nasdaq: WSBC), a diversified, multi-state bank holding company, today announced net income and related earnings per share...
WesBanco Completes Planned CEO Succession
Announces New Executive Employment Agreements WHEELING, W.Va. , July 21, 2023 /PRNewswire/ -- WesBanco, Inc. (Nasdaq: WSBC), a diversified, multi-state bank holding company, announced today that President and Chief Executive Officer Todd F.
WesBanco Declares Quarterly Cash Dividend Upon Its Perpetual Preferred Stock
WHEELING, W.Va. , July 19, 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...
WesBanco (WSBC) Reports Next Week: Wall Street Expects Earnings Growth
WesBanco (WSBC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
WesBanco, Inc. to Host 2023 Second Quarter Earnings Conference Call and Webcast on Wednesday, July 26
WHEELING, W.Va. , July 5, 2023 /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.
WesBanco (WSBC) Lags Q1 Earnings and Revenue Estimates
WesBanco (WSBC) came out with quarterly earnings of $0.71 per share, missing the Zacks Consensus Estimate of $0.79 per share. This compares to earnings of $0.70 per share a year ago.
WesBanco, Inc. to Host 2023 First Quarter Earnings Conference Call and Webcast on Tuesday, April 25
WHEELING, W. Va. , April 4, 2023 /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.
Source: https://incomestatements.info
Category: Stock Reports