WesBanco, Inc. (WSBC) 10-Year Financial Performance & Capital Metrics

WSBC • • Banking & Credit

Financial ServicesRegional BanksCommunity & Regional Retail BankingMidwest Community Banks

AboutWesBanco, 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.Show more

Net Interest Income $478M -0.7%
Total Revenue $948M +14.9%
Net Income $152M -4.7%
Return on Equity 5.69% -11.2%
Net Interest Margin 2.56% -5.8%
Efficiency Ratio 41.77% -10.0%
ROA 0.83% -9.3%
Equity / Assets 14.93% +4.4%
Book Value per Share 44.53 +4.5%
Tangible BV/Share 26.59 +12.8%
Debt/Equity 0.53 -23.0%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Efficient operations: 41.8% efficiency ratio
✓14 consecutive years of dividend growth
✓Well capitalized: 14.9% equity/assets
✓Healthy dividend yield of 4.0%
✓Trading at only 0.8x book value

✗Weaknesses

No significant weaknesses identified

Price & Volume

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Growth Metrics

Revenue CAGR

10Y12.95%

5Y9.79%

3Y15.85%

TTM-

Profit (Net Income) CAGR

10Y8.03%

5Y-0.94%

3Y-14.48%

TTM-0.8%

EPS CAGR

10Y-0.56%

5Y-4.4%

3Y-13.81%

TTM-22.07%

ROCE

10Y Avg5.64%

5Y Avg5.62%

3Y Avg5.3%

Latest4.22%

Peer Comparison

Midwest Community Banks

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
TFSLTFS Financial Corporation	3.97B	14.13	44.16	4.37%	11.49%	4.41%	1.15%	2.57
ASBAssociated Banc-Corp	4.43B	26.70	37.08	4.42%	5.85%	3.62%	12.08%	0.69
ASBAAssociated Banc-Corp	4.11B	24.78	30.98	-6.56%	12.92%	3.77%	13.02%	0.17
BANFBancFirst Corporation	3.81B	114.30	17.75	12.28%	23.81%	13.33%	5.89%	0.05
SYBTStock Yards Bancorp, Inc.	2.03B	68.83	17.69	15.84%	22.86%	12.99%	6.56%	0.53
PRKPark National Corporation	2.63B	163.76	17.57	14.4%	23.46%	13.22%	6.44%	0.24
NICNicolet Bankshares, Inc.	1.97B	133.08	16.53	24.6%	23.88%	11.4%	5.95%	0.14
LKFNLakeland Financial Corporation	1.52B	59.47	16.38	9.38%	21.74%	13.06%	6.18%

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Net Interest Income+	236.99M	253.33M	290.3M	347.24M	399.9M	479.48M	457.93M	474.31M	481.34M	478.21M
NII Growth %	0.23%	0.07%	0.15%	0.2%	0.15%	0.2%	-0.04%	0.04%	0.01%	-0.01%
Net Interest Margin %	-	-	-	-	-	-	-	-	-	-
Interest Income	261.71M	286.1M	332.42M	414.96M	484.25M	541.28M	484.97M	513.66M	711.52M	825.64M
Interest Expense	24.73M	32.77M	42.13M	67.72M	84.35M	61.8M	27.03M	39.34M	230.18M	347.43M
Loan Loss Provision	8.35M	8.23M	9.99M	7.76M	11.2M	107.74M	-64.27M	-1.66M	17.73M	19.21M
Non-Interest Income+	70M	77.2M	84.33M	94.56M	109.78M	119.82M	124.55M	111.49M	113.36M	121.96M
Non-Interest Income %	-	-	-	-	-	-	-	-	-	-
Total Revenue+	331.71M	363.3M	416.75M	509.51M	594.04M	661.1M	609.51M	625.14M	824.87M	947.61M
Revenue Growth %	0.18%	0.1%	0.15%	0.22%	0.17%	0.11%	-0.08%	0.03%	0.32%	0.15%
Non-Interest Expense	189.46M	204.38M	216.35M	259.51M	305.28M	346.48M	344.9M	351.06M	382.91M	395.85M
Efficiency Ratio	-	-	-	-	-	-	-	-	-	-
Operating Income+	109.18M	117.67M	148.29M	174.52M	193.21M	145.08M	301.85M	236.4M	194.05M	185.11M
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	0.17%	0.08%	0.26%	0.18%	0.11%	-0.25%	1.08%	-0.22%	-0.18%	-0.05%
Pretax Income+	109.18M	117.67M	148.29M	174.52M	193.21M	145.08M	301.85M	236.4M	194.05M	185.11M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	28.41M	31.04M	53.81M	31.41M	34.34M	23.04M	59.59M	44.29M	35.02M	33.6M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	80.76M	86.64M	94.48M	143.11M	158.87M	122.04M	242.26M	192.11M	159.03M	151.51M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	0.15%	0.07%	0.09%	0.51%	0.11%	-0.23%	0.99%	-0.21%	-0.17%	-0.05%
Net Income (Continuing)	80.76M	86.64M	94.48M	143.11M	158.87M	122.04M	242.26M	192.11M	159.03M	151.51M
EPS (Diluted)+	2.15	2.16	2.14	2.92	2.83	1.77	3.53	3.02	2.51	2.26
EPS Growth %	-0.1%	0%	-0.01%	0.36%	-0.03%	-0.37%	0.99%	-0.14%	-0.17%	-0.1%
EPS (Basic)	2.15	2.16	2.15	2.93	2.83	1.78	3.54	3.03	2.51	2.26
Diluted Shares Outstanding	37.55M	40.13M	44.08M	49.02M	56.21M	67.31M	65.67M	60.22M	59.43M	62.65M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash & Short Term Investments+	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Cash & Due from Banks	86.69M	128.17M	117.57M	169.19M	234.8M	905.45M	1.25B	408.41M	595.38M	568.14M
Short Term Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Total Investments+	7.45B	8.53B	8.59B	10.75B	13.52B	13.49B	13.67B	14.38B	14.93B	15.95B
Investments Growth %	0.34%	0.15%	0.01%	0.25%	0.26%	-0%	0.01%	0.05%	0.04%	0.07%
Long-Term Investments	6.04B	7.29B	7.33B	8.64B	11.12B	11.52B	10.66B	11.85B	12.74B	15.74B
Accounts Receivables	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Goodwill & Intangibles+	-	-	-	-	-	-	-	-	-	-
Goodwill	480.55M	573.8M	573.95M	861.88M	1.07B	1.1B	1.1B	1.1B	1.1B	1.1B
Intangible Assets	10.34M	19.38M	15.32M	56.97M	80.43M	66.33M	54.87M	44.59M	35.51M	27.25M
PP&E (Net)	112.2M	133.3M	130.72M	166.93M	261.01M	249.42M	229.02M	220.89M	233.57M	219.08M
Other Assets	306.73M	375.7M	361.05M	413.43M	515.28M	547.01M	565.66M	710.48M	743.59M	746.13M
Total Current Assets	1.52B	1.4B	1.41B	2.32B	2.67B	2.95B	4.33B	3.01B	2.87B	859.05M
Total Non-Current Assets	6.95B	8.39B	8.41B	10.14B	13.05B	13.48B	12.6B	13.93B	14.85B	17.83B
Total Assets+	8.47B	9.79B	9.82B	12.46B	15.72B	16.43B	16.93B	16.93B	17.71B	18.68B
Asset Growth %	0.35%	0.16%	0%	0.27%	0.26%	0.04%	0.03%	0%	0.05%	0.05%
Return on Assets (ROA)	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%
Accounts Payable	1.72M	2.2M	3.18M	4.63M	8.08M	4.31M	1.9M	4.59M	11.12M	14.23M
Total Debt+	1.23B	1.33B	1.3B	1.83B	1.9B	983.24M	458.67M	1.12B	1.73B	1.47B
Net Debt	1.14B	1.2B	1.18B	1.66B	1.66B	77.8M	-792.68M	713.06M	1.14B	903.24M
Long-Term Debt	1.15B	1.13B	1.11B	1.24B	1.62B	741.29M	316.78M	986.4M	1.63B	1.28B
Short-Term Debt	81.4M	199.4M	184.81M	581.04M	282.36M	241.95M	141.89M	135.07M	105.89M	192.07M
Other Liabilities	50.81M	74.44M	76.76M	-181.51M	216.26M	251.94M	207.52M	248.09M	264.52M	274.69M
Total Current Liabilities	6.15B	7.24B	7.23B	9.42B	11.29B	12.68B	13.71B	13.27B	13.29B	14.34B
Total Non-Current Liabilities	1.2B	1.21B	1.19B	1.06B	1.83B	993.24M	524.3M	1.23B	1.89B	1.55B
Total Liabilities	7.35B	8.45B	8.42B	10.48B	13.13B	13.67B	14.23B	14.51B	15.18B	15.89B
Total Equity+	1.12B	1.34B	1.4B	1.98B	2.59B	2.76B	2.69B	2.43B	2.53B	2.79B
Equity Growth %	0.42%	0.2%	0.04%	0.42%	0.31%	0.06%	-0.02%	-0.1%	0.04%	0.1%
Equity / Assets (Capital Ratio)	-	-	-	-	-	-	-	-	-	-
Return on Equity (ROE)	0.08%	0.07%	0.07%	0.08%	0.07%	0.05%	0.09%	0.08%	0.06%	0.06%
Book Value per Share	29.89	33.43	31.66	40.37	46.14	40.96	41.01	40.30	42.62	44.53
Tangible BV per Share	-	-	-	-	-	-	-	-	-	-
Common Stock	80.3M	91.52M	91.76M	113.76M	141.83M	141.83M	141.83M	141.83M	141.83M	156.99M
Additional Paid-in Capital	516.29M	680.51M	684.73M	1.17B	1.64B	1.63B	1.64B	1.64B	1.64B	1.81B
Retained Earnings	549.92M	597.07M	645.78M	737.58M	824.69M	831.69M	977.76M	1.08B	1.14B	1.19B
Accumulated OCI	-21.75M	-27.69M	-32.52M	-38.94M	-103K	29.86M	-6.8M	-264.24M	-228.71M	-220.71M
Treasury Stock	-2.64M	0	0	-274K	-9.46M	-25.95M	-199.76M	-308.96M	-303M	-292.24M
Preferred Stock	0	0	0	0	0	144.48M	144.48M	144.48M	144.48M	144.48M

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	88.39M	123.08M	142.08M	191.89M	163.36M	59.61M	336.3M	204.14M	169.32M	211M
Operating CF Growth %	-0.07%	0.39%	0.15%	0.35%	-0.15%	-0.64%	4.64%	-0.39%	-0.17%	0.25%
Net Income	80.76M	86.64M	94.48M	143.11M	158.87M	122.04M	242.26M	192.11M	159.03M	151.51M
Depreciation & Amortization	8.12M	9.24M	10.44M	10.45M	11.57M	14.13M	13.39M	13.04M	14.44M	15.29M
Deferred Taxes	10.66M	10.82M	27.11M	7.16M	8.47M	-10.52M	18.69M	4.49M	-3.68M	-3.23M
Other Non-Cash Items	4.58M	-1.5M	4.67M	15.38M	-23.05M	-50.25M	39.01M	17.82M	19.65M	23.89M
Working Capital Changes	-17.41M	15.86M	2.42M	11.42M	2.19M	-21.45M	16.47M	-29.57M	-28.44M	16.02M
Cash from Investing+	-210.33M	193.97M	-77.38M	-51.86M	103.79M	57.79M	-328.5M	-1.07B	-535.22M	-1.03B
Purchase of Investments	-916.97M	-307.34M	-318.79M	-931.63M	-615.25M	-668.63M	-2.34B	-803.44M	-4.5M	-383.38M
Sale/Maturity of Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Net Investment Activity	-	-	-	-	-	-	-	-	-	-
Acquisitions	-28.55M	4.86M	0	278.65M	60.02M	0	0	0	0	0
Other Investing	-285.5M	-174.37M	-89.88M	175.27M	-60.65M	-495.44M	1.07B	-949.47M	-927.11M	-1.02B
Cash from Financing+	114.63M	-276.18M	-75.3M	-88.42M	-201.54M	553.25M	338.11M	21.07M	552.87M	791.9M
Dividends Paid	-33.01M	-37.8M	-44.86M	-53.58M	-66.57M	-87.9M	-96.61M	-91.45M	-92.42M	-97.54M
Share Repurchases	-2.54M	-3.03M	0	-426K	-10.21M	-24.54M	-179.88M	-116.05M	-3.51M	0
Stock Issued	0	1.71M	1.04M	1.58M	72K	59K	0	0	0	191.04M
Net Stock Activity	-	-	-	-	-	-	-	-	-	-
Debt Issuance (Net)	1000K	-1000K	-1000K	1000K	1000K	-1000K	-1000K	1000K	1000K	-1000K
Other Financing	-235.93M	-158.78M	-28.74M	-154.88M	-192.27M	1.43B	1.14B	-432.77M	38.61M	965.17M
Net Change in Cash+	-7.32M	41.48M	-10.6M	51.61M	65.61M	670.65M	345.91M	-842.95M	186.97M	-27.25M
Exchange Rate Effect	0	0	0	0	0	0	0	0	0	0
Cash at Beginning	94M	86.69M	128.17M	117.57M	169.19M	234.8M	905.45M	1.25B	408.41M	595.38M
Cash at End	86.69M	128.17M	117.57M	169.19M	234.8M	905.45M	1.25B	408.41M	595.38M	568.14M
Interest Paid	27.97M	34.03M	42.53M	68.62M	87.14M	75.08M	32.57M	37.74M	223.92M	344.25M
Income Taxes Paid	15.86M	22.07M	22.88M	18.7M	31.38M	36.98M	35.73M	24.9M	35.59M	26.84M
Free Cash Flow+	79.07M	121.64M	136.04M	187.22M	151.16M	52.05M	327.76M	196.15M	146.82M	200.67M
FCF Growth %	-0.1%	0.54%	0.12%	0.38%	-0.19%	-0.66%	5.3%	-0.4%	-0.25%	0.37%

Banking Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	8.46%	7.03%	6.9%	8.48%	6.95%	4.56%	8.89%	7.5%	6.41%	5.69%
Return on Assets (ROA)	1.09%	0.95%	0.96%	1.29%	1.13%	0.76%	1.45%	1.13%	0.92%	0.83%
Net Interest Margin	2.8%	2.59%	2.96%	2.79%	2.54%	2.92%	2.71%	2.8%	2.72%	2.56%
Efficiency Ratio	57.12%	56.26%	51.91%	50.93%	51.39%	52.41%	56.59%	56.16%	46.42%	41.77%
Equity / Assets	13.25%	13.7%	14.21%	15.88%	16.5%	16.78%	15.91%	14.33%	14.3%	14.93%
Book Value / Share	29.89	33.43	31.66	40.37	46.14	40.96	41.01	40.3	42.62	44.53
NII Growth	22.65%	6.9%	14.59%	19.61%	15.17%	19.9%	-4.49%	3.58%	1.48%	-0.65%
Dividend Payout	40.87%	43.64%	47.48%	37.44%	41.9%	69.85%	35.7%	42.33%	51.74%	57.7%

Revenue by Segment

	2018	2019	2020	2021	2022	2023	2024
Fiduciary and Trust	24.62M	-	-	29.51M	27.55M	28.14M	30.68M
Fiduciary and Trust Growth	-	-	-	-	-6.64%	2.12%	9.03%
Personal Service Charges	21.55M	24.94M	19.61M	20.32M	23.91M	23.27M	24.59M
Personal Service Charges Growth	-	15.76%	-21.39%	3.66%	17.64%	-2.68%	5.67%
Trust Account Fees	15.83M	18.06M	17.75M	19.72M	19.13M	20.47M	22.5M
Trust Account Fees Growth	-	14.06%	-1.69%	11.06%	-2.96%	7.00%	9.88%
Wes Mark Fees	-	8.52M	8.58M	9.79M	8.42M	7.66M	8.18M
Wes Mark Fees Growth	-	-	0.73%	14.12%	-14.06%	-8.98%	6.77%
Annuity Commissions	5.18M	4.83M	3.91M	4.33M	7.26M	7.68M	7.71M
Annuity Commissions Growth	-	-6.74%	-19.11%	10.88%	67.58%	5.77%	0.38%
Commercial Banking Fees	2.13M	2.03M	2.34M	2.09M	2.37M	2.85M	5.39M
Commercial Banking Fees Growth	-	-4.33%	14.95%	-10.65%	13.60%	20.07%	89.29%
Managed Money	647K	738K	952K	1.2M	1.22M	1.09M	1.15M
Managed Money Growth	-	14.06%	29.00%	26.16%	1.17%	-10.21%	5.50%
Trail Commissions	932K	989K	982K	1.12M	965K	1M	1.08M
Trail Commissions Growth	-	6.12%	-0.71%	14.26%	-13.99%	4.04%	7.77%
Equity And Debt Security Trades	429K	434K	349K	242K	87K	283K	299K
Equity And Debt Security Trades Growth	-	1.17%	-19.59%	-30.66%	-64.05%	225.29%	5.65%
Fiduciary And Trust	-	26.58M	26.34M	-	-	-	-
Fiduciary And Trust Growth	-	-	-0.92%	-	-	-	-
WesMark Fees	8.79M	-	-	-	-	-	-
WesMark Fees Growth	-	-	-	-	-	-	-

Frequently Asked Questions

Valuation & Price

WesBanco, Inc. (WSBC) has a price-to-earnings (P/E) ratio of 15.3x. This is roughly in line with market averages.

Growth & Financials

WesBanco, Inc. (WSBC) grew revenue by 14.9% over the past year. This is steady growth.

Yes, WesBanco, Inc. (WSBC) is profitable, generating $135.3M in net income for fiscal year 2024 (16.0% net margin).

Dividend & Returns

Yes, WesBanco, Inc. (WSBC) pays a dividend with a yield of 4.03%. This makes it attractive for income-focused investors.

WesBanco, Inc. (WSBC) has a return on equity (ROE) of 5.7%. This is below average, suggesting room for improvement.

Industry Metrics

WesBanco, Inc. (WSBC) has a net interest margin (NIM) of 2.6%. NIM has been under pressure due to interest rate environment.

WesBanco, Inc. (WSBC) has an efficiency ratio of 41.8%. This is excellent, indicating strong cost control.

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