WesBanco, Inc. (WSBC) Income Statement Analysis

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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)

Industry: Banks - Regional

Sector: Financial Services

Website: https://www.wesbanco.com

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 Preferred: An 11%+ Yield To Call Opportunity

March 22, 2023seekingalpha.com

WesBanco's preferred shares trade at a discount to the redemption price. The reset rate margin of 6.557% is well above typical market premiums suggesting the preferred shares are likely to be called in November 2025.

WesBanco, Inc. (WSBC) Q4 2022 Earnings Call Transcript

January 25, 2023seekingalpha.com

WesBanco, Inc. (NASDAQ:WSBC ) Q4 2022 Earnings Conference Call January 25, 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...

WesBanco (WSBC) Q4 Earnings Beat Estimates

January 24, 2023zacks.com

WesBanco (WSBC) delivered earnings and revenue surprises of 1.21% and 1.45%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

WesBanco, Inc. to Host 2022 Fourth Quarter Earnings Conference Call and Webcast on Wednesday, January 25

January 5, 2023prnewswire.com

WHEELING, W.V., Jan. 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.

5 Dividend Stocks to Allay Fears of a More-Aggressive Fed

December 6, 2022zacks.com

As U.S. stocks stumble on concerns of further rate hikes, investing in dividend players like Exxon Mobil (XOM), Gilead Sciences (GILD) and Conagra Brands (CAG) for a steady stream of income seems prudent.

Wintrust And WesBanco Preferred Stocks: Undervalued With Great Protection From Higher Interest Rates

December 2, 2022seekingalpha.com

Wintrust Preferred and WesBanco Preferred are reset-rate preferred stocks tied to the U.S. 5 year treasury note. Their current yields are significantly higher than similarly rated bank preferred stocks including both fixed-rate and fixed-to-floating rate preferred stocks.

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Source: https://incomestatements.info
Category: Stock Reports

WesBanco, Inc. (WSBC) Income Statement Analysis – Financial Results

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