Declared Dividend • May 25
First quarter dividend of US$0.38 announced Shareholders will receive a dividend of US$0.38. Ex-date: 5th June 2026 Payment date: 1st July 2026 Dividend yield will be 4.6%, which is about the same as the industry average. Sustainability & Growth The dividend has increased by an average of 5.1% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 13% over the next year, which should provide support to the dividend and adequate earnings cover. Announcement • May 22
WesBanco, Inc. announces Quarterly dividend, payable on July 01, 2026 WesBanco, Inc. announced Quarterly dividend of USD 0.3800 per share payable on July 01, 2026, ex-date on June 05, 2026 and record date on June 05, 2026. Announcement • Apr 25
WesBanco, Inc. Announces Executive Changes WesBanco, Inc. announced that Nathan Jones has been appointed Senior Executive Vice President and Chief Risk Officer, effective April 27, 2026. He succeeds Mike Perkins, who is retiring in June after more than three decades with WesBanco. Jones brings nearly 30 years of experience in enterprise risk and credit leadership at large, complex financial institutions. He joins WesBanco from First Interstate Bank, where he most recently served as Chief Risk Officer, overseeing enterprise risk management and governance. Prior to that role, Jones held senior leadership positions, including Executive Vice President and Chief Credit Officer at Heartland Financial USA and Fulton Financial Corporation, as well as leadership roles at First Horizon National Corporation, BMO Financial Group, and Bank of America. His background spans credit risk, enterprise risk, analytics, consumer and commercial portfolios, and finance. In his new role, Jones will be responsible for risk management, compliance, credit administration and credit products, loan review, and model risk management. Jones holds a Master of Business Administration and a Bachelor of Arts in psychology from Southern Methodist University. Announcement • Apr 03
WesBanco, Inc. to Report Q1, 2026 Results on Apr 21, 2026 WesBanco, Inc. announced that they will report Q1, 2026 results After-Market on Apr 21, 2026 Announcement • Mar 16
WesBanco, Inc., Annual General Meeting, Apr 15, 2026 WesBanco, Inc., Annual General Meeting, Apr 15, 2026. Announcement • Mar 12
WesBanco, Inc. Appoints Eddy Rodriguez as Executive Vice President and Regional President WesBanco, Inc. announced the expansion of its commercial banking business across key high-growth South Florida markets, initially including Palm Beach and Broward counties, with the hiring of a seasoned team of
commercial banking leaders and support staff. This expansion further advances WesBanco's organic growth strategy and commitment to serving clients in attractive, relationship-driven markets and is additive to its longer-term financial outlook. The new team brings deep relationship management experience and regional market expertise to support middle-market and commercial clients with customized financial solutions, insight, and exceptional service. Leading the South Florida team, Eddy Rodriguez joins WesBanco as Executive Vice President and Regional President. Rodriguez brings nearly 30 years of commercial banking experience with leading financial institutions to WesBanco. Announcement • Feb 19
WesBanco, Inc. Declares Quarterly Cash Dividend, Payable on April 1, 2026 WesBanco, Inc. announced that its Board of Directors has declared a quarterly cash dividend of $0.38 per share to be paid to its holders of common stock. The dividend will be payable on April 1, 2026 to shareholders of record on March 6, 2026, and represents an annualized cash dividend rate of $1.52 per common share. Announcement • Jan 23
WesBanco, Inc. Announces Retirement of Michael L. Perkins as Senior Executive Vice President and Chief Risk Officer, Effective June 30, 2026 On January 22, 2026, Michael L. Perkins informed the Board of Directors of Wesbanco, Inc. that Mr. Perkins will retire from his position as the Company’s Senior Executive Vice President and Chief Risk Officer, effective June 30, 2026. The Company expects to enter into a separation agreement with Mr. Perkins in connection with his retirement, the details of which have not been finalized as of the date of this filing. Announcement • Jan 06
WesBanco, Inc. to Report Q4, 2025 Results on Jan 27, 2026 WesBanco, Inc. announced that they will report Q4, 2025 results After-Market on Jan 27, 2026 Announcement • Nov 20
WesBanco, Inc. Declares Increase in Quarterly Cash Dividend to Its Shareholders, Payable on January 2, 2026 WesBanco, Inc. announced that its Board of Directors has approved a 2.7% increase in the quarterly cash dividend to $0.38 per common share from the previous quarterly dividend of $0.37 per common share. The higher dividend rate will be payable on January 2, 2026 to shareholders of record on December 5, 2025. This is the nineteenth increase in the quarterly dividend since 2010 and represents a cumulative increase of 171% over that period. Announcement • Oct 28
Wesbanco, Inc. Announces Promotion of Adam Thomas as Regional President, Tennessee WesBanco, Inc. announced it is expanding its operations in two fast-growing Tennessee markets with the opening of a commercial loan production office (LPO) in Knoxville and the addition of a retail banking center in Chattanooga, WesBanco's first in the state. To support the Bank's expansion in The Volunteer State, Adam Thomas has been promoted to Regional President, Tennessee. Thomas joined WesBanco in 2023 as City President, leading Chattanooga LPO. Since then, he has led significant growth across markets and has played a vital role in the opening of new LPO in Knoxville. Announcement • Oct 02
WesBanco, Inc. to Report Q3, 2025 Results on Oct 22, 2025 WesBanco, Inc. announced that they will report Q3, 2025 results at 4:00 PM, US Eastern Standard Time on Oct 22, 2025 Announcement • Oct 01
WesBanco, Inc. Names Amby Bauer as Western Pennsylvania Market President, Effective October 1, 2025 WesBanco, Inc. announced that Amby Bauer has been named Western Pennsylvania (WPA) Market President and Senior Commercial Banker, effective immediately. In this role, Bauer will lead the growth strategy for the WPA market, partnering with leaders across the Bank to help clients achieve their financial goals. He will also play a key role in fostering relationships and initiatives that support and enrich Western Pennsylvania communities, reflecting WesBanco's strong commitment to local engagement. With more than 25 years of industry experience, Bauer joined WesBanco in 2022 as a Commercial Banker supporting
clients primarily in Western Pennsylvania. Prior to joining WesBanco, Bauer served as Vice President of Corporate Banking at Dollar Bank, managing and growing a corporate banking portfolio with previous leadership experience in commercial, corporate, retail and private banking. Committed to the community, Bauer serves on the Board of Directors and as Audit Chair for the Blessing Board. Bauer earned a Bachelor of Arts degree in economics from The Pennsylvania State University and is a graduate of the Stonier ABA Graduate School of Banking at the University of Pennsylvania where he earned a Wharton Leadership Certificate. Announcement • Aug 23
WesBanco, Inc. Declares Quarterly Cash Dividend, Payable on October 1, 2025 WesBanco, Inc. announced that its Board of Directors has declared a quarterly cash dividend of $0.37 per share to be paid to its holders of common stock. The dividend will be payable on October 1, 2025 to shareholders of record on September 5, 2025, and represents an annualized cash dividend rate of $1.48 per common share. Announcement • Aug 15
WesBanco, Inc. Appoints Richard Laws as Senior Executive Vice President and Chief Legal Counsel, Effective August 18, 2025 WesBanco, Inc. announced the appointment of Richard Laws to the role of Senior Executive Vice President and Chief Legal Counsel, effective August 18, 2025. Laws will report to WesBanco President and Chief Executive
Officer Jeff Jackson. With more than 25 years of legal experience across private and in-house practice, Laws will lead WesBanco's legal function, providing strategic counsel to the executive team and Board of Directors. His responsibilities will include development and execution of the company's legal strategy, execution of day-to-day legal operations and coordination of external counsel to ensure consistent, business-aligned support across the enterprise. Laws most recently served as Chief Legal Officer and Corporate Secretary for Northwest Bank, a $16 billion financial institution, where he led all legal activities. In that role, he advised executive leadership on
corporate governance, compliance, commercial banking, employment, intellectual property and M&A activities. He also managed relationships with external counsel and led legal support across banking, insurance, trust and brokerage services. In addition to his corporate legal roles, Laws has served as an adjunct professor at Penn State Law, where he developed and led courses on legal ethics and the evolving role of in-house counsel. He holds a law degree from Widener University School of Law and a bachelor's degree from Juniata College. He is based at WesBanco's corporate headquarters in Wheeling, West Virginia. Announcement • Jul 11
WesBanco, Inc. Names Kevin McCormack as Mid-Atlantic Market President, Effective July 11, 2025 WesBanco, Inc. announced that Kevin McCormack has been named the Mid-Atlantic Market President and Senior Commercial Banker, effective July 11, 2025 . In his new role, McCormack will focus on accelerating growth in the Maryland and Washington D.C. metro areas through strategic collaboration across the business to deliver customized client solutions. He will also champion WesBanco's commitment to the communities of the region, reflecting the company's dedication to meaningful local involvement. McCormack joins WesBanco from Atlantic Union Bank, where he served as Commercial Banking Leader for Greater Washington. His previous experience includes various Commercial banking leadership roles at Wells Fargo Bank and M&T Bank. Committed to the community, McCormack serves on the Board of Directors for the James Hollister Foundation and is on the Finance Committee for Our Lady of Good Counsel High School. He is also an active volunteer for the American Red Cross National Captial & Greater Chesapeake Region. McCormack holds a Bachelor of Arts degree in economics from the University of Notre Dame and a Master in Business Administration with a finance concentration from the University of Maryland. WesBanco's Mid-Atlantic market encompasses more than 20 counties, including Baltimore City, Maryland and Washington D.C., with more than 25 financial centers. Announcement • Jul 03
WesBanco, Inc. to Report Q2, 2025 Results on Jul 29, 2025 WesBanco, Inc. announced that they will report Q2, 2025 results After-Market on Jul 29, 2025 Announcement • Jun 30
WesBanco, Inc.(NasdaqGS:WSBC) dropped from Russell 2000 Dynamic Index WesBanco, Inc.(NasdaqGS:WSBC) dropped from Russell 2000 Dynamic Index Announcement • Jun 12
WesBanco, Inc. Appoints Josh Scott as Charleston, West Virginia Market President and Senior Commercial Banker, Effective June 12, 2025 WesBanco, Inc. announced that Josh Scott has been named Charleston, West Virginia Market President and Senior Commercial Banker, effective immediately. Scott's focus will be on advancing growth by collaborating with business leaders to deliver tailored solutions for clients. Additionally, he will lead efforts to strengthen community partnerships across the Charleston, Huntington, and Southeast Ohio regions, underscoring WesBanco's dedication to meaningful local engagement. Scott joins WesBanco from Truist, where he held various management roles in Retail and Business Banking, most recently serving as the Market President for the Huntington and Southern Coalfields of West Virginia as well as Eastern Kentucky and Southeast Ohio. An active member of the community, Scott serves on the Board of Directors for Huntington Regional Chamber of Commerce, Marshall University'sCenter for Leadership and Community Works in West Virginia. A graduate of West Virginia University, he holds a Bachelor of Arts degree in political science. WesBanco's Charleston market encompasses Charleston and Huntington, West Virginia and Southeast Ohio, with more than 15 financial centers. Announcement • Jun 10
Wesbanco, Inc. Appoints George Petroplus as Morgantown, West Virginia Market President and Senior Commercial Banker, Effective June 10, 2025 WesBanco, Inc. announced that George Petroplus has been named Morgantown, West Virginia Market President and Senior Commercial Banker, effective June 10, 2025. Petroplus succeeds former Market President Nick Taylor who has been promoted to lead WesBanco's Business Banking. In this role, Petroplus will lead the growth strategy for the market, collaborating with business leaders to maximize opportunities that serve client needs. Additionally, he will champion initiatives and relationships that support and enrich Morgantown communities, reinforcing WesBanco's commitment to impactful local engagement. Petroplus joined WesBanco in 2019 as a Commercial Banker supporting clients in the North Central region of West Virginia. In addition to his Commercial background, he has held roles in Credit Analysis and Portfolio Management. An active member of the community, Petroplus serves on the Board of Directors for the United Way Monongalia and Preston Counties and the Mylan Park Foundation. He is a graduate of West Virginia University, where he obtained a Bachelor of Science degree in business administration and accounting. Announcement • May 22
WesBanco, Inc. Declares Quarterly Cash Dividend to Its Shareholders, Payable on July 1, 2025 WesBanco, Inc. announced that its Board of Directors has declared a quarterly cash dividend of $0.37 per share to be paid to its holders of common stock. The dividend will be payable on July 1, 2025 to shareholders of record on June 6, 2025, and represents an annualized cash dividend rate of $1.48 per common share. Announcement • Apr 03
WesBanco, Inc. to Report Q1, 2025 Results on Apr 29, 2025 WesBanco, Inc. announced that they will report Q1, 2025 results After-Market on Apr 29, 2025 Announcement • Mar 17
WesBanco, Inc., Annual General Meeting, Apr 16, 2025 WesBanco, Inc., Annual General Meeting, Apr 16, 2025. Location: wilson lodge, oglebay resort, conference center, wheeling, west virginia United States Announcement • Mar 01
WesBanco, Inc. Announces Director Appointments WesBanco, Inc. announced the successful closing of the previously announced acquisition of Premier Financial Corp. The holding company closing was promptly followed by the merger of Premier's subsidiary bank, Premier Bank, with and into WesBanco's banking subsidiary, WesBanco Bank, Inc. With the closing of the merger, WesBanco appointed Zahid Afzal, John L. Bookmyer, Louis M. Altman and Lee J. Burdman, formerly directors of Premier, to the WesBanco Board of Directors. Announcement • Feb 27
WesBanco, Inc. Declares Quarterly Cash Dividend, Payable on April 1, 2025 WesBanco, Inc. announced that its Board of Directors has declared a quarterly cash dividend of $0.37 per share to be paid to its holders of common stock. The dividend will be payable on April 1, 2025 to shareholders of record on March 10, 2025, and represents an annualized cash dividend rate of $1.48 per common share. Announcement • Jan 07
WesBanco, Inc. to Report Q4, 2024 Results on Jan 22, 2025 WesBanco, Inc. announced that they will report Q4, 2024 results at 4:00 PM, US Eastern Standard Time on Jan 22, 2025 Announcement • Nov 26
WesBanco Inc. Appoints Jan Pattishall-Krupinski as Senior Executive Vice President and Chief Administrative Officer WesBanco, Inc. announced the appointment of Jan Pattishall-Krupinski to the role of Senior Executive Vice President and Chief Administrative Officer, effective immediately. This strategic move underscores the organization's commitment to advancing its leadership structure to support sustainable long-term growth and align with evolving business and stakeholder needs. In her new role, Pattishall-Krupinski, a WesBanco veteran, reports directly to WesBanco President and Chief Executive Officer Jeff Jackson and oversees bank and loan operations, customer service, corporate strategy and project management. Her expanded structure and scope reflect WesBanco's focus on operational excellence and strategic alignment, which is designed to drive greater agility and accelerate the execution of organizational goals. Pattishall-Krupinski joined WesBanco in 2011, most recently serving as Executive Vice President and Director of Operations. Pattishall-Krupinski has a Bachelor of Science in Marketing from Penn State University and graduated from the Advanced Management Program at Harvard Business School. She serves on the boards of Crittenton Services, Leadership West Virginia and The Junior League of Wheeling. She is based at WesBanco's corporate headquarters in Wheeling, West Virginia. Announcement • Nov 21
WesBanco, Inc. Declares Increase in Quarterly Cash Dividend, Payable on January 2, 2025 WesBanco, Inc. announced that its Board of Directors has approved a 2.8% increase in the quarterly cash dividend to $0.37 per common share from the previous quarterly dividend of $0.36 per common share. The higher dividend rate will be payable on January 2, 2025 to shareholders of record on December 6, 2024. Valuation Update With 7 Day Price Move • Nov 07
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to €33.20, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 8x in the Banks industry in Europe. Total returns to shareholders of 24% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €62.02 per share. Reported Earnings • Oct 24
Third quarter 2024 earnings released: EPS: US$0.54 (vs US$0.58 in 3Q 2023) Third quarter 2024 results: EPS: US$0.54. Revenue: US$146.0m (up 2.6% from 3Q 2023). Net income: US$34.7m (up 1.3% from 3Q 2023). Profit margin: 24% (in line with 3Q 2023). Revenue is forecast to grow 33% p.a. on average during the next 3 years, compared to a 2.9% growth forecast for the Banks industry in Europe. Announcement • Oct 03
WesBanco, Inc. to Report Q3, 2024 Results on Oct 23, 2024 WesBanco, Inc. announced that they will report Q3, 2024 results After-Market on Oct 23, 2024 New Risk • Sep 19
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 13% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Shareholders have been diluted in the past year (13% increase in shares outstanding). Significant insider selling over the past 3 months (€472k sold). Recent Insider Transactions • Sep 18
Insider recently sold €324k worth of stock On the 17th of September, Brent Richmond sold around 12k shares on-market at roughly €28.12 per share. This transaction amounted to 29% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €435k more than they bought in the last 12 months. Declared Dividend • Aug 26
Second quarter dividend of US$0.36 announced Shareholders will receive a dividend of US$0.36. Ex-date: 6th September 2024 Payment date: 1st October 2024 Dividend yield will be 4.9%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by earnings (67% payout ratio) and is expected to be covered in 3 years' time (43% forecast payout ratio). The dividend has increased by an average of 6.1% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 40% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Aug 22
Wesbanco Declares Quarterly Cash Dividend, Payable on October 1, 2024 WesBanco, Inc. announced that its Board of Directors has declared a quarterly cash dividend of $0.36 per share to be paid to its holders of common stock. The dividend will be payable on October 1, 2024 to shareholders of record on September 6, 2024, and represents an annualized cash dividend rate of $1.44 per common share. New Risk • Aug 08
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 13% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. This is currently the only risk that has been identified for the company. Announcement • Aug 08
WesBanco, Inc. announced that it has received $200.00002 million in funding from Wellington Management Group LLP, Glendon Capital Management L.P., Klaros Capital On August 7, 2024, Astra Space, Inc. closed the transaction. The transaction included participation from 19 investors. Reported Earnings • Jul 28
Second quarter 2024 earnings released: EPS: US$0.44 (vs US$0.71 in 2Q 2023) Second quarter 2024 results: EPS: US$0.44 (down from US$0.71 in 2Q 2023). Revenue: US$137.4m (down 8.6% from 2Q 2023). Net income: US$26.4m (down 38% from 2Q 2023). Profit margin: 19% (down from 28% in 2Q 2023). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 9.3% p.a. on average during the next 2 years, compared to a 3.2% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Jul 17
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €29.20, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 8x in the Banks industry in Europe. Total returns to shareholders of 22% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €44.71 per share. Announcement • Jul 08
WesBanco Inc. Appoints Kimberly Griffith as Senior Executive Vice President and Group Head, Human Resources and Facilities WesBanco, Inc. announced appointment of Kimberly Griffith as Senior Executive Vice President and Group Head, Human Resources and Facilities. Griffith, a WesBanco veteran, most recently served in this role on an interim basis during Anthony Pietranton's extended leave of absence, ensuring continuity and strong leadership. In this permanent role, she will continue to advance the highest standards of human resources and facilities management and drive talent and recruitment initiatives that support business growth strategies and enhanced employee experience. Griffith holds a Bachelor of Arts in industrial psychology with a minor in business from West Virginia University and a Senior Professional Human Resources(SPHR) certification. She is a board member of the Youth Services System of Upper Ohio Valley and a member of Leadership West Virginia. Announcement • Jul 04
WesBanco, Inc. to Report Q2, 2024 Results on Jul 25, 2024 WesBanco, Inc. announced that they will report Q2, 2024 results After-Market on Jul 25, 2024 Declared Dividend • May 20
First quarter dividend of US$0.36 announced Shareholders will receive a dividend of US$0.36. Ex-date: 7th June 2024 Payment date: 1st July 2024 Dividend yield will be 5.2%, which is higher than the industry average of 4.8%. Sustainability & Growth The dividend has increased by an average of 6.1% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 4.0% over the next year, which should provide support to the dividend and adequate earnings cover. Announcement • May 16
Wesbanco Declares Quarterly Cash Dividend, Payable on July 1, 2024 WesBanco, Inc. has declared a quarterly cash dividend of $0.36 per share to be paid to its holders of common stock. The dividend will be payable on July 1, 2024 to shareholders of record on June 7, 2024, and represents an annualized cash dividend rate of $1.44 per common share. Reported Earnings • Apr 24
First quarter 2024 earnings released: EPS: US$0.56 (vs US$0.67 in 1Q 2023) First quarter 2024 results: EPS: US$0.56 (down from US$0.67 in 1Q 2023). Revenue: US$140.6m (down 5.3% from 1Q 2023). Net income: US$33.2m (down 17% from 1Q 2023). Profit margin: 24% (down from 27% in 1Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 7.2% p.a. on average during the next 2 years, compared to a 3.4% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has fallen by 7% per year whereas the company’s share price has fallen by 5% per year. Announcement • Apr 04
WesBanco, Inc. to Report Q1, 2024 Results on Apr 23, 2024 WesBanco, Inc. announced that they will report Q1, 2024 results After-Market on Apr 23, 2024 Announcement • Mar 14
WesBanco, Inc., Annual General Meeting, Apr 17, 2024 WesBanco, Inc., Annual General Meeting, Apr 17, 2024, at 12:00 Eastern Daylight. Location: Shenandoah Room at Wilson Lodge, Oglebay Resort and Conference Center, Wheeling West Virginia United States Agenda: To consider and to elect four persons to the Board of Directors to serve for a term of three years; To approve an advisory (non-binding) vote on compensation paid to Wesbanco’s named executive officers; To approve an advisory (non-binding) vote ratifying the appointment of Ernst & Young, LLP as independent registered public accounting firm for the fiscal year ending December 31, 2024; and to discuss other matters. Upcoming Dividend • Feb 29
Upcoming dividend of US$0.36 per share Eligible shareholders must have bought the stock before 07 March 2024. Payment date: 01 April 2024. Payout ratio is a comfortable 56% and this is well supported by cash flows. Trailing yield: 5.1%. Lower than top quartile of German dividend payers (5.2%). Lower than average of industry peers (6.8%). Reported Earnings • Feb 28
Full year 2023 earnings released: EPS: US$2.51 (vs US$3.03 in FY 2022) Full year 2023 results: EPS: US$2.51 (down from US$3.03 in FY 2022). Revenue: US$584.1m (down 1.6% from FY 2022). Net income: US$148.9m (down 18% from FY 2022). Profit margin: 26% (down from 31% in FY 2022). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 5.7% p.a. on average during the next 2 years, compared to a 3.0% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has fallen by 1% per year. Declared Dividend • Feb 26
Fourth quarter dividend of US$0.36 announced Shareholders will receive a dividend of US$0.36. Ex-date: 7th March 2024 Payment date: 1st April 2024 Dividend yield will be 5.1%, which is higher than the industry average of 4.8%. Sustainability & Growth Dividend is covered by earnings (56% payout ratio) and is expected to be covered in 3 years' time (56% forecast payout ratio). The dividend has increased by an average of 6.6% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 3.9% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Announcement • Feb 22
WesBanco, Inc. Declares Quarterly Cash Dividend, Payable on April 1, 2024 WesBanco, Inc. announced that its Board of Directors has declared a quarterly cash dividend of $0.36 per share to be paid to its holders of common stock. The dividend will be payable on April 1, 2024 to shareholders of record on March 8, 2024, and represents an annualized cash dividend rate of $1.44 per common share. Reported Earnings • Jan 25
Full year 2023 earnings released: EPS: US$2.51 (vs US$3.03 in FY 2022) Full year 2023 results: EPS: US$2.51 (down from US$3.03 in FY 2022). Revenue: US$584.1m (down 1.6% from FY 2022). Net income: US$148.9m (down 18% from FY 2022). Profit margin: 26% (down from 31% in FY 2022). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 5.9% p.a. on average during the next 2 years, compared to a 2.0% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has increased by 3% per year. Announcement • Jan 05
WesBanco, Inc. to Report Q4, 2023 Results on Jan 23, 2024 WesBanco, Inc. announced that they will report Q4, 2023 results After-Market on Jan 23, 2024 Upcoming Dividend • Nov 30
Upcoming dividend of US$0.36 per share at 5.3% yield Eligible shareholders must have bought the stock before 07 December 2023. Payment date: 02 January 2024. Payout ratio is a comfortable 50% and the cash payout ratio is 86%. Trailing yield: 5.3%. Within top quartile of German dividend payers (5.1%). Lower than average of industry peers (6.4%). Announcement • Nov 17
Wesbanco, Inc. Announces Quarterly Cash Dividend, Payable on January 2, 2024 Wesbanco, Inc. announced an increase in the quarterly cash dividend rate to be paid to its shareholders to $0.36 per common share from the previous quarterly dividend rate of $0.35 per common share, or a 2.9% increase. The increased dividend will be payable on January 2, 2024 to shareholders of record on December 8, 2023. Reported Earnings • Oct 29
Third quarter 2023 earnings released: EPS: US$0.58 (vs US$0.85 in 3Q 2022) Third quarter 2023 results: EPS: US$0.58 (down from US$0.85 in 3Q 2022). Revenue: US$142.2m (down 9.6% from 3Q 2022). Net income: US$34.3m (down 32% from 3Q 2022). Profit margin: 24% (down from 32% in 3Q 2022). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 2.1% p.a. on average during the next 2 years, compared to a 3.3% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. New Risk • Oct 27
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 9.4% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company. Announcement • Oct 05
WesBanco, Inc. to Report Q3, 2023 Results on Oct 25, 2023 WesBanco, Inc. announced that they will report Q3, 2023 results After-Market on Oct 25, 2023 Announcement • Aug 25
WesBanco, Inc. Declares Quarterly Cash Dividend, Payable on October 2, 2023 WesBanco, Inc. announced that its Board of Directors has declared a quarterly cash dividend of $0.35 per share to be paid to its holders of common stock. The dividend will be payable on October 2, 2023 to shareholders of record on September 8, 2023, and represents an annualized cash dividend rate of $1.40 per common share. Reported Earnings • Jul 26
Second quarter 2023 earnings released: EPS: US$0.71 (vs US$0.67 in 2Q 2022) Second quarter 2023 results: EPS: US$0.71 (up from US$0.67 in 2Q 2022). Revenue: US$150.4m (up 7.4% from 2Q 2022). Net income: US$42.3m (up 5.3% from 2Q 2022). Profit margin: 28% (in line with 2Q 2022). Revenue is forecast to grow 2.1% p.a. on average during the next 2 years, compared to a 4.4% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has increased by 17% per year whereas the company’s share price has increased by 14% per year. Announcement • Jul 06
WesBanco, Inc. to Report Q2, 2023 Results on Jul 25, 2023 WesBanco, Inc. announced that they will report Q2, 2023 results at 4:00 PM, US Eastern Standard Time on Jul 25, 2023 Valuation Update With 7 Day Price Move • Jun 08
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to €26.40, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 7x in the Banks industry in Europe. Total returns to shareholders of 55% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €40.10 per share. Upcoming Dividend • Jun 01
Upcoming dividend of US$0.35 per share at 5.8% yield Eligible shareholders must have bought the stock before 08 June 2023. Payment date: 01 July 2023. Payout ratio is a comfortable 46% and this is well supported by cash flows. Trailing yield: 5.8%. Within top quartile of German dividend payers (4.8%). In line with average of industry peers (6.4%). Valuation Update With 7 Day Price Move • May 24
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €22.80, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 7x in the Banks industry in Europe. Total returns to shareholders of 29% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €39.91 per share. Recent Insider Transactions • May 09
Independent Director recently bought €522k worth of stock On the 8th of May, Robert Fitzsimmons bought around 25k shares on-market at roughly €20.86 per share. This transaction increased Robert's direct individual holding by 1x at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €265k more in shares than they have sold in the last 12 months. Valuation Update With 7 Day Price Move • May 04
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to €20.00, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 7x in the Banks industry in Europe. Total returns to shareholders of 16% over the past three years. Reported Earnings • Apr 25
First quarter 2023 earnings released: EPS: US$0.67 (vs US$0.68 in 1Q 2022) First quarter 2023 results: EPS: US$0.67 (down from US$0.68 in 1Q 2022). Revenue: US$148.4m (up 4.9% from 1Q 2022). Net income: US$39.8m (down 4.3% from 1Q 2022). Profit margin: 27% (down from 29% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.1% p.a. on average during the next 2 years, compared to a 5.7% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 05
Full year 2022 earnings released: EPS: US$3.03 (vs US$3.54 in FY 2021) Full year 2022 results: EPS: US$3.03 (down from US$3.54 in FY 2021). Revenue: US$593.4m (down 9.4% from FY 2021). Net income: US$182.0m (down 22% from FY 2021). Profit margin: 31% (down from 35% in FY 2021). The decrease in margin was driven by lower revenue. Net interest margin (NIM): 3.20% (up from 3.11% in FY 2021). Cost-to-income ratio: 59.5% (up from 58.2% in FY 2021). Non-performing loans: 0.39% (down from 0.41% in FY 2021). Revenue is forecast to grow 6.2% p.a. on average during the next 2 years, compared to a 6.5% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has increased by 15% per year whereas the company’s share price has increased by 10% per year. Reported Earnings • Jan 25
Full year 2022 earnings released: EPS: US$3.03 (vs US$3.54 in FY 2021) Full year 2022 results: EPS: US$3.03 (down from US$3.54 in FY 2021). Revenue: US$593.4m (down 9.4% from FY 2021). Net income: US$182.0m (down 22% from FY 2021). Profit margin: 31% (down from 35% in FY 2021). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 6.2% p.a. on average during the next 2 years, compared to a 5.2% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Announcement • Jan 19
WesBanco, Inc. Announces Executive Changes WesBanco, Inc. has promoted Scott Love to Executive Vice President, Wealth Management succeeding Jon Dargusch, who retired effective December 31, 2022. In his new role, Mr. Love will be responsible for WesBanco Trust and Investment Services ("WTIS"), a division of WesBanco Bank, the banking subsidiary of WesBanco, Inc., including investment advisory services to the WesMark Funds, WesBanco Securities Inc., WesBanco Insurance Services Inc., and private client services. Mr. Love, who has more than 20 years of investment research and portfolio management experience, joined WTIS during 2012 and was named Executive Vice President, Chief Investment Strategist and Chair of the Chief Investment Office in February 2021. Mr. Love has earned the Chartered Alternative Investment Analyst (CAIA®) designation from the Chartered Alternative Investment Analyst Association, and the Chartered Investment Management Analyst (CIMA®) designation from the Investment Management Consultants Association. He earned a Bachelor of Arts in Business Administration with an emphasis in Finance from Baldwin-Wallace College and a Master of Business Administration with a concentration in Banking and Finance from the Weatherhead School of Management at Case Western Reserve University. Mr. Dargusch joined WesBanco during 2011 as Executive Vice President, Wealth Management. His leadership and vision were critical to the growth and success of wealth management. He was instrumental in building WesBanco's private client services, which has approximately $1 billion in loans and deposits across 4,000 relationships (as of September 30, 2022), as well as expanded the capabilities of WTIS, the WesMark Funds, WesBanco Securities, Inc., and WesBanco Insurance Services, Inc. Furthermore, he oversaw the growth in assets under management of approximately 60% to $4.6 billion (as of September 30, 2022). Announcement • Jan 06
WesBanco, Inc. to Report Q4, 2022 Results on Jan 24, 2023 WesBanco, Inc. announced that they will report Q4, 2022 results After-Market on Jan 24, 2023 Recent Insider Transactions • Dec 06
Insider recently sold €57k worth of stock On the 5th of December, Jonathan Dargusch sold around 2k shares on-market at roughly €37.53 per share. This transaction amounted to 5.2% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €214k. Insiders have been net sellers, collectively disposing of €482k more than they bought in the last 12 months. Upcoming Dividend • Dec 01
Upcoming dividend of US$0.35 per share Eligible shareholders must have bought the stock before 08 December 2022. Payment date: 03 January 2023. Payout ratio is a comfortable 45% and this is well supported by cash flows. Trailing yield: 3.4%. Lower than top quartile of German dividend payers (4.9%). Lower than average of industry peers (6.2%). Recent Insider Transactions • Oct 29
Insider recently sold €214k worth of stock On the 27th of October, Brent Richmond sold around 5k shares on-market at roughly €39.86 per share. This transaction amounted to 16% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €425k more than they bought in the last 12 months. Reported Earnings • Oct 27
Third quarter 2022 earnings released: EPS: US$0.85 (vs US$0.65 in 3Q 2021) Third quarter 2022 results: EPS: US$0.85 (up from US$0.65 in 3Q 2021). Revenue: US$157.3m (up 5.0% from 3Q 2021). Net income: US$50.5m (up 21% from 3Q 2021). Profit margin: 32% (up from 28% in 3Q 2021). The increase in margin was primarily driven by higher revenue. Revenue is forecast to grow 7.3% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Banks industry in Europe. Reported Earnings • Jul 27
Second quarter 2022 earnings released: EPS: US$0.67 (vs US$1.02 in 2Q 2021) Second quarter 2022 results: EPS: US$0.67 (down from US$1.02 in 2Q 2021). Revenue: US$140.0m (down 19% from 2Q 2021). Net income: US$40.2m (down 41% from 2Q 2021). Profit margin: 29% (down from 39% in 2Q 2021). The decrease in margin was driven by lower revenue. Over the next year, revenue is forecast to stay flat compared to a 20% growth forecast for the industry in Germany. Upcoming Dividend • Jun 02
Upcoming dividend of US$0.34 per share Eligible shareholders must have bought the stock before 09 June 2022. Payment date: 01 July 2022. Payout ratio is a comfortable 42% and this is well supported by cash flows. Trailing yield: 4.0%. Lower than top quartile of German dividend payers (4.2%). Lower than average of industry peers (6.3%). Recent Insider Transactions • May 03
Independent Director recently bought €63k worth of stock On the 2nd of May, Kerry Stemler bought around 2k shares on-market at roughly €31.26 per share. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold €182k more in shares than they bought in the last 12 months. Reported Earnings • Apr 28
First quarter 2022 earnings released: EPS: US$0.68 (vs US$1.05 in 1Q 2021) First quarter 2022 results: EPS: US$0.68 (down from US$1.05 in 1Q 2021). Revenue: US$141.5m (down 20% from 1Q 2021). Net income: US$41.6m (down 41% from 1Q 2021). Profit margin: 29% (down from 40% in 1Q 2021). The decrease in margin was driven by lower revenue. Over the next year, revenue is expected to shrink by 6.7% compared to a 8.7% growth forecast for the industry in Germany. Reported Earnings • Mar 04
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: US$3.54 (up from US$1.78 in FY 2020). Revenue: US$655.0m (up 31% from FY 2020). Net income: US$232.1m (up 94% from FY 2020). Profit margin: 35% (up from 24% in FY 2020). The increase in margin was driven by higher revenue. Net interest margin (NIM): 3.11% (down from 3.37% in FY 2020). Cost-to-income ratio: 58.2% (up from 56.4% in FY 2020). Non-performing loans: 0.41% (up from 0.38% in FY 2020). Revenue was in line with analyst estimates. Over the next year, revenue is expected to shrink by 14% compared to a 9.3% growth forecast for the banks industry in Germany. Recent Insider Transactions • Jan 30
Insider recently bought €94k worth of stock On the 27th of January, Joseph Robinson bought around 3k shares on-market at roughly €31.21 per share. In the last 3 months, there was an even bigger purchase from another insider worth €145k. Despite this recent purchase, insiders have collectively sold €336k more in shares than they bought in the last 12 months. Reported Earnings • Jan 26
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: US$3.54 (up from US$1.78 in FY 2020). Revenue: US$655.0m (up 31% from FY 2020). Net income: US$232.1m (up 94% from FY 2020). Profit margin: 35% (up from 24% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the next year, revenue is expected to shrink by 13% compared to a 11% growth forecast for the banks industry in Germany. Recent Insider Transactions • Dec 23
Independent Director recently bought €145k worth of stock On the 20th of December, Stephen Callen bought around 5k shares on-market at roughly €28.95 per share. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold €417k more in shares than they bought in the last 12 months. Upcoming Dividend • Dec 03
Upcoming dividend of US$0.33 per share Eligible shareholders must have bought the stock before 09 December 2021. Payment date: 03 January 2022. Trailing yield: 4.0%. Within top quartile of German dividend payers (3.3%). Higher than average of industry peers (3.4%). Reported Earnings • Oct 27
Third quarter 2021 earnings released: EPS US$0.65 (vs US$0.61 in 3Q 2020) The company reported a solid third quarter result with improved earnings and revenues, although profit margins were weaker. Third quarter 2021 results: Revenue: US$149.8m (up 7.8% from 3Q 2020). Net income: US$41.9m (up 1.4% from 3Q 2020). Profit margin: 28% (down from 30% in 3Q 2020). The decrease in margin was driven by higher expenses. Upcoming Dividend • Sep 02
Upcoming dividend of US$0.33 per share Eligible shareholders must have bought the stock before 09 September 2021. Payment date: 01 October 2021. Trailing yield: 3.9%. Within top quartile of German dividend payers (3.1%). Higher than average of industry peers (3.2%). Reported Earnings • Jul 28
Second quarter 2021 earnings released: EPS US$1.02 (vs US$0.067 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: US$173.0m (up 92% from 2Q 2020). Net income: US$68.1m (up US$63.6m from 2Q 2020). Profit margin: 39% (up from 5.0% in 2Q 2020). The increase in margin was driven by higher revenue. Upcoming Dividend • Jun 03
Upcoming dividend of US$0.33 per share Eligible shareholders must have bought the stock before 10 June 2021. Payment date: 01 July 2021. Trailing yield: 3.4%. Within top quartile of German dividend payers (3.2%). Higher than average of industry peers (2.6%). Reported Earnings • May 01
First quarter 2021 earnings released: EPS US$1.05 (vs US$0.35 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: US$177.6m (up 50% from 1Q 2020). Net income: US$70.6m (up 202% from 1Q 2020). Profit margin: 40% (up from 20% in 1Q 2020). The increase in margin was driven by higher revenue. Executive Departure • Apr 24
Director has left the company On the 21st of April, Charlotte Zuschlag's tenure as Director ended after 6.2 years in the role. As of December 2020, Charlotte personally held 169.65k shares (€4.0m worth at the time). A total of 2 executives have left over the last 12 months. Executive Departure • Apr 24
Independent Director has left the company On the 21st of April, Ronald Owen's tenure as Independent Director ended after 6.2 years in the role. As of December 2020, Ronald personally held 18.42k shares (€433k worth at the time). A total of 2 executives have left over the last 12 months. Recent Insider Transactions • Mar 11
Insider recently sold €546k worth of stock On the 9th of March, James Cornelsen sold around 18k shares on-market at roughly €30.31 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €2.1m more than they bought in the last 12 months. Reported Earnings • Mar 02
Full year 2020 earnings released: EPS US$1.78 (vs US$2.83 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: US$499.9m (down 1.1% from FY 2019). Net income: US$119.4m (down 25% from FY 2019). Profit margin: 24% (down from 31% in FY 2019). The decrease in margin was primarily driven by higher expenses. Is New 90 Day High Low • Feb 26
New 90-day high: €27.03 The company is up 10.0% from its price of €24.59 on 27 November 2020. The German market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Banks industry, which is up 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €30.02 per share. 
