WesBanco
WesBanco, Inc. operates as the holding company for WesBanco Bank, Inc. The last earnings update was 18 days ago. More info.
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WSBC Share Price and Events
7 Day Returns
1 Year Returns
WSBC Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| WesBanco (WSBC) | -1.7% | -8.6% | -9.7% | -30.7% | 8.6% | 10.4% |
| US Banks | -2.6% | -6.3% | -3.5% | -14.2% | 32.4% | 36.7% |
| US Market | -1% | -3.3% | 0.8% | -0.4% | 30.4% | 37.1% |
1 Year Return vs Industry and Market
- WSBC underperformed the Banks industry which returned -14.2% over the past year.
- WSBC underperformed the Market in United States of America which returned -0.4% over the past year.
WSBC Value
Is WesBanco undervalued based on future cash flows and its price relative to the stock market?
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current
share
price of
WesBanco
to its discounted cash flow analysis.value.The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Below are the data sources, inputs and calculation used to determine the intrinsic value for WesBanco.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | Excess Returns Model | |
| Stable EPS |
Weighted future Return on Equity estimates from 5 analysts.
= Stable Book Value * Return on Equity = $40.24 * 8.5% |
$3.41 |
| Book Value of Equity per Share | Weighted future Book Value estimates from 6 analysts. | $40.24 |
| Discount Rate (Cost of Equity) | See below | 8.5% |
| Perpetual Growth Rate | 10-Year US Government Bond Rate | 2.7% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year US Govt Bond Rate | 2.7% |
| Equity Risk Premium | S&P Global | 6% |
| Banks Unlevered Beta | Simply Wall St/ S&P Global | 0.57 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.565 (1 + (1- 21%) (85.77%)) |
0.966 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
0.97 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.966 * 5.96%) |
8.48% |
Discounted Cash Flow Calculation for NasdaqGS:WSBC using Excess Returns Model Model
The calculations below outline how an intrinsic value for WesBanco is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.
In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.
The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.
Note the calculations below are per share.
See our documentation to learn about this calculation.
| Calculation | Result | |
|---|---|---|
| Excess Returns |
= (Stable Return on equity – Cost of equity) (Book Value of
Equity per share)
= (8.5% – 8.48%) * $40.24) |
$-0.01 |
| Terminal Value of Excess Returns |
= Excess Returns / (Cost of Equity -
Expected Growth Rate)
= $-0.01 / (8.48% - 2.73%) |
$-0.15 |
| Value of Equity |
= Book Value per share + Terminal Value of
Excess Returns
= $40.24 + $-0.15 |
$40.09 |
| Calculation | Result | |
|---|---|---|
| Value per share (USD) | From above. | $40.09 |
| Current discount | Discount to share price of
$34.32
= -1 x ($34.32 - $40.09) / $40.09 |
14.4% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
Current Discount
Current Discount Checks
- WesBanco's share price is below the future cash flow value, but not at a moderate discount (< 20%).
- WesBanco's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.The amount the stock market is willing to pay for WesBanco's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
WesBanco's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2019-06-30) in USD | $3.02 |
| NasdaqGS:WSBC Share Price ** | NasdaqGS (2019-08-16) in USD | $34.32 |
| United States of America Banks Industry PE Ratio | Median Figure of 598 Publicly-Listed Banks Companies | 12.29x |
| United States of America Market PE Ratio | Median Figure of 3,096 Publicly-Listed Companies | 17.26x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of WesBanco.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = NasdaqGS:WSBC Share Price ÷ EPS (both in USD) = 34.32 ÷ 3.02 |
11.38x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- WesBanco is good value based on earnings compared to the US Banks industry average.
- WesBanco is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does
WesBanco's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 11.38x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts |
17.7%per year |
| United States of America Banks Industry PEG Ratio | Median Figure of 274 Publicly-Listed Banks Companies | 1.12x |
| United States of America Market PEG Ratio | Median Figure of 2,126 Publicly-Listed Companies | 1.4x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 11.38x ÷ 17.7% |
0.64x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- WesBanco is good value based on expected growth next year.
Price based on value of assets
What value do investors place on
WesBanco's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2019-06-30) in USD | $37.92 |
| NasdaqGS:WSBC Share Price * | NasdaqGS (2019-08-16) in USD | $34.32 |
| United States of America Banks Industry PB Ratio | Median Figure of 601 Publicly-Listed Banks Companies | 1.16x |
| United States of America Market PB Ratio | Median Figure of 5,273 Publicly-Listed Companies | 1.7x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = NasdaqGS:WSBC Share Price ÷ Book Value per Share (both in USD) = 34.32 ÷ 37.92 |
0.91x |
* Primary Listing of WesBanco.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- WesBanco is good value based on assets compared to the US Banks industry average.
Value checks
We assess WesBanco's value by looking at:- Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
- Is the PE ratio less than the market average, and/ or less than the Banks industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Banks industry average (and greater than 0)? (1 check) WesBanco has a total score of 4/6, see the detailed checks below.
Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
Full details on the Value part of the Simply Wall St company analysis model.
WSBC Future Performance
How is WesBanco expected to perform in the next 1 to 3 years based on estimates from 6 analysts?
The future performance of a company is measured in the same way as past
performance, by looking at estimated
growth
and how much profit it is expected to make.Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Earnings growth vs Low Risk Savings
- WesBanco's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
- WesBanco's earnings growth is expected to exceed the United States of America market average.
- WesBanco's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| NasdaqGS:WSBC Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts | 17.7% |
| NasdaqGS:WSBC Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 6 Analysts | 13.3% |
| United States of America Banks Industry Earnings Growth Rate | Market Cap Weighted Average | 1.5% |
| United States of America Banks Industry Revenue Growth Rate | Market Cap Weighted Average | 3.3% |
| United States of America Market Earnings Growth Rate | Market Cap Weighted Average | 14% |
| United States of America Market Revenue Growth Rate | Market Cap Weighted Average | 7.5% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Analysts growth expectations
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (1 month ago) | See Below |
| Future Estimates | Average of up to 6 Analyst Estimates (S&P Global) | See Below |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2021-12-31 | 653 | 236 | 3 | |
| 2020-12-31 | 628 | 223 | 6 | |
| 2019-12-31 | 511 | 171 | 5 |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2019-06-30 | 491 | 201 | 162 |
| 2019-03-31 | 468 | 211 | 150 |
| 2018-12-31 | 440 | 192 | 143 |
| 2018-09-30 | 408 | 170 | 115 |
| 2018-06-30 | 386 | 152 | 109 |
| 2018-03-31 | 373 | 126 | 102 |
| 2017-12-31 | 369 | 142 | 94 |
| 2017-09-30 | 366 | 127 | 103 |
| 2017-06-30 | 355 | 120 | 94 |
| 2017-03-31 | 340 | 130 | 90 |
| 2016-12-31 | 326 | 123 | 87 |
| 2016-09-30 | 309 | 119 | 85 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (1 month ago) | See Below |
| Future Estimates | Average of up to 6 Analyst Estimates (S&P Global) | See Below |
All data from WesBanco Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2021-12-31 | 3.45 | 3.50 | 3.41 | 3.00 |
| 2020-12-31 | 3.30 | 3.40 | 3.20 | 6.00 |
| 2019-12-31 | 3.11 | 3.16 | 3.06 | 5.00 |
| Date (Data in USD Millions) | EPS * |
|---|---|
| 2019-06-30 | 3.02 |
| 2019-03-31 | 2.91 |
| 2018-12-31 | 2.93 |
| 2018-09-30 | 2.49 |
| 2018-06-30 | 2.44 |
| 2018-03-31 | 2.32 |
| 2017-12-31 | 2.15 |
| 2017-09-30 | 2.34 |
| 2017-06-30 | 2.19 |
| 2017-03-31 | 2.16 |
| 2016-12-31 | 2.16 |
| 2016-09-30 | 2.20 |
*GAAP earnings excluding extraordinary items.
Future performance checks
We assess WesBanco's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
WesBanco has a total score of 3/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
WSBC Past Performance
How has WesBanco performed over the past 5 years?
The past performance of a company can be measured by how much
growth
it has experienced and how much profit it makes relative to the funds and assets
it has available.
Past earnings growth
Past Earnings growth analysis
- WesBanco's year on year earnings growth rate has been positive over the past 5 years.
- WesBanco's 1-year earnings growth exceeds its 5-year average (48.3% vs 16.7%)
- WesBanco's earnings growth has exceeded the US Banks industry average in the past year (48.3% vs 33.3%).
Earnings and Revenue History
All data from WesBanco Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2019-06-30 | 491.09 | 161.57 | 205.72 | |
| 2019-03-31 | 468.27 | 149.92 | 197.35 | |
| 2018-12-31 | 439.75 | 143.11 | 186.42 | |
| 2018-09-30 | 408.01 | 115.08 | 176.61 | |
| 2018-06-30 | 385.53 | 108.95 | 169.80 | |
| 2018-03-31 | 373.36 | 102.13 | 167.38 | |
| 2017-12-31 | 369.15 | 94.48 | 166.14 | |
| 2017-09-30 | 366.47 | 102.80 | 166.03 | |
| 2017-06-30 | 354.66 | 93.88 | 159.71 | |
| 2017-03-31 | 340.33 | 89.65 | 152.99 | |
| 2016-12-31 | 326.35 | 86.64 | 146.83 | |
| 2016-09-30 | 308.77 | 85.42 | 140.43 | |
| 2016-06-30 | 306.44 | 90.23 | 139.06 | |
| 2016-03-31 | 308.16 | 89.75 | 137.86 | |
| 2015-12-31 | 303.10 | 80.76 | 136.71 | |
| 2015-09-30 | 293.29 | 74.27 | 130.88 | |
| 2015-06-30 | 279.58 | 70.19 | 125.65 | |
| 2015-03-31 | 265.01 | 67.44 | 121.48 | |
| 2014-12-31 | 255.33 | 69.97 | 117.83 | |
| 2014-09-30 | 252.70 | 68.82 | 118.70 | |
| 2014-06-30 | 248.34 | 66.18 | 118.29 | |
| 2014-03-31 | 247.44 | 64.33 | 117.22 | |
| 2013-12-31 | 245.69 | 63.93 | 116.34 | |
| 2013-09-30 | 242.26 | 61.22 | 114.56 | |
| 2013-06-30 | 234.99 | 58.59 | 111.06 | |
| 2013-03-31 | 222.72 | 53.58 | 107.66 | |
| 2012-12-31 | 213.25 | 49.54 | 104.74 | |
| 2012-09-30 | 203.71 | 47.53 | 101.97 |
*GAAP earnings excluding extraordinary items.
Performance last year
We want to ensure a company is making the most of what it has available. This is
done by comparing the return (profit) to a company's available
funds,
assets
and
capital.
- WesBanco has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- WesBanco used its assets more efficiently than the US Banks industry average last year based on Return on Assets.
- Unable to establish if WesBanco improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
Past performance checks
We assess WesBanco's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Banks industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
WesBanco has a total score of 4/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
WSBC Health
This company is a bank or financial institution.Fundamentally a bank's business is based upon borrowing and lending money, for this reason they typically have high levels of debt and we analyse them differently.
Balance sheet
Assets
Liabilities and shares
Historical Debt
Nearly all companies have debt. Debt in itself isn’t
bad,
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
All data from WesBanco Company Filings, last reported 1 month ago.
| Date (Data in USD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2019-06-30 | 2,074.12 | 1,588.91 | 207.69 |
| 2019-03-31 | 2,023.14 | 1,520.99 | 344.06 |
| 2018-12-31 | 1,978.83 | 1,539.85 | 171.66 |
| 2018-09-30 | 1,927.27 | 1,621.81 | 280.31 |
| 2018-06-30 | 1,524.11 | 1,682.83 | 166.75 |
| 2018-03-31 | 1,403.03 | 1,548.07 | 110.25 |
| 2017-12-31 | 1,395.32 | 1,304.70 | 124.97 |
| 2017-09-30 | 1,394.56 | 1,350.31 | 116.38 |
| 2017-06-30 | 1,377.54 | 1,359.06 | 116.36 |
| 2017-03-31 | 1,359.15 | 1,223.11 | 121.47 |
| 2016-12-31 | 1,341.41 | 1,337.24 | 138.92 |
| 2016-09-30 | 1,347.15 | 1,254.47 | 123.64 |
| 2016-06-30 | 1,164.42 | 1,242.27 | 94.55 |
| 2016-03-31 | 1,145.91 | 1,222.08 | 167.97 |
| 2015-12-31 | 1,122.13 | 1,231.29 | 83.58 |
| 2015-09-30 | 1,115.74 | 1,083.90 | 92.98 |
| 2015-06-30 | 1,094.65 | 961.40 | 108.74 |
| 2015-03-31 | 1,091.38 | 651.36 | 92.97 |
| 2014-12-31 | 788.19 | 409.99 | 89.00 |
| 2014-09-30 | 788.78 | 347.18 | 76.42 |
| 2014-06-30 | 778.63 | 339.50 | 94.49 |
| 2014-03-31 | 761.12 | 222.17 | 175.20 |
| 2013-12-31 | 746.60 | 296.18 | 90.55 |
| 2013-09-30 | 736.69 | 290.22 | 145.64 |
| 2013-06-30 | 726.23 | 367.00 | 78.07 |
| 2013-03-31 | 724.41 | 295.25 | 178.26 |
| 2012-12-31 | 714.18 | 367.99 | 120.61 |
| 2012-09-30 | 659.32 | 384.59 | 116.41 |
BANK ANALYSIS
This company is a bank or financial institution, which is analysed accordingly below.
- WesBanco has an acceptable proportion of non-loan assets held.
- WesBanco's liabilities are made up of primarily low risk sources of funding.
- Loans at WesBanco are broadly funded by customer deposits.
- WesBanco's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).
- WesBanco has a sufficient allowance for bad loans.
- WesBanco has an acceptable level of bad loans (less than 2%).
Financial health checks
We assess WesBanco's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) WesBanco has a total score of 6/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Full details on the Health part of the Simply Wall St company analysis model.
WSBC Dividends
What is WesBanco's current dividend yield, its reliability and sustainability?
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
If you bought
$2,000 of
WesBanco
shares you are expected to receive
$72
in your first year as a dividend.
Dividend Amount
- WesBanco's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.49%).
- WesBanco's dividend is below the markets top 25% of dividend payers in United States of America (3.84%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 6 Analyst Estimates (S&P Global) | See Below |
| United States of America Banks Industry Average Dividend Yield | Market Cap Weighted Average of 481 Stocks | 3.3% |
| United States of America Market Average Dividend Yield | Market Cap Weighted Average of 2010 Stocks | 2.5% |
| United States of America Minimum Threshold Dividend Yield | 10th Percentile | 0.8% |
| United States of America Bottom 25% Dividend Yield | 25th Percentile | 1.5% |
| United States of America Top 25% Dividend Yield | 75th Percentile | 3.8% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in $) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2021-12-31 | 1.33 | 3.00 |
| 2020-12-31 | 1.27 | 7.00 |
| 2019-12-31 | 1.24 | 6.00 |
| Date (Data in $) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2019-05-17 | 1.240 | 3.402 |
| 2019-02-28 | 1.240 | 3.079 |
| 2018-11-28 | 1.160 | 2.922 |
| 2018-08-23 | 1.160 | 2.652 |
| 2018-05-16 | 1.160 | 2.440 |
| 2018-02-22 | 1.160 | 2.672 |
| 2017-11-16 | 1.040 | 2.521 |
| 2017-08-24 | 1.040 | 2.623 |
| 2017-05-17 | 1.040 | 2.711 |
| 2017-02-23 | 1.040 | 2.681 |
| 2016-11-16 | 0.960 | 2.316 |
| 2016-08-26 | 0.960 | 2.894 |
| 2016-05-18 | 0.960 | 3.053 |
| 2016-02-18 | 0.960 | 3.186 |
| 2015-11-30 | 0.920 | 3.135 |
| 2015-08-28 | 0.920 | 2.857 |
| 2015-05-21 | 0.920 | 2.784 |
| 2015-02-20 | 0.920 | 2.842 |
| 2014-11-20 | 0.880 | 2.666 |
| 2014-08-29 | 0.880 | 2.743 |
| 2014-05-22 | 0.880 | 2.895 |
| 2014-02-20 | 0.880 | 2.907 |
| 2013-11-21 | 0.800 | 2.672 |
| 2013-08-22 | 0.800 | 2.706 |
| 2013-05-16 | 0.760 | 2.780 |
| 2013-02-28 | 0.760 | 3.161 |
| 2012-11-21 | 0.720 | 3.226 |
| 2012-08-23 | 0.720 | 3.439 |
| 2012-05-17 | 0.680 | 3.264 |
| 2012-02-23 | 0.680 | 3.405 |
| 2011-11-17 | 0.640 | 3.216 |
| 2011-08-26 | 0.640 | 3.426 |
| 2011-05-20 | 0.600 | 3.160 |
| 2011-02-24 | 0.600 | 2.980 |
| 2010-11-17 | 0.560 | 2.938 |
| 2010-08-26 | 0.560 | 3.359 |
| 2010-05-20 | 0.560 | 3.311 |
| 2010-02-26 | 0.560 | 3.252 |
| 2009-11-20 | 0.560 | 4.239 |
| 2009-08-27 | 0.560 | 3.823 |
| 2009-05-21 | 1.120 | 7.052 |
| 2009-02-27 | 1.120 | 5.769 |
| 2008-11-24 | 1.120 | 4.967 |
| 2008-08-29 | 1.120 | 4.403 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
- Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of
WesBanco's earnings are
paid
to the shareholders as a dividend.
- Dividends paid are well covered by earnings (2.5x coverage).
- Dividends after 3 years are expected to be well covered by earnings (2.6x coverage).
Income/ dividend checks
We assess WesBanco's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can WesBanco afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) WesBanco has a total score of 4/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
WSBC Management
CEO
| COMPENSATION | $1,894,631 |
| AGE | 57 |
| TENURE AS CEO | 5.3 years |
CEO Bio
Mr. Todd F. Clossin has been the Chief Executive Officer and President of WesBanco Inc., and its subsidiary Wesbanco Bank, Inc. since April 30, 2014. Mr. Clossin served as the Chief Operating Officer, Executive Vice President at WesBanco Inc. and its subsidiary Wesbanco Bank, Inc. since November 4, 2013. Prior to WesBanco, He served as the Chief Administrative Officer and Executive Vice President of Fifth Third BanCorp since December 2011. He served as the Chief Executive Officer and President of Fifth Third Bank (Northeastern Ohio) of Fifth Third Bancorp. He served as Regional President of Fifth Third Bancorp. At Fifth Third, Mr. Clossin had served in many retail and commercial capacities and was responsible for strategic planning, marketing, customer experience, distribution strategies, sourcing, facilities, sustainability, social media and analytics. His career with Fifth Third also includes serving as President and Chief Executive Officer at Fifth Third Bank Midwest and MidSouth Regions from 2010 to 2011; President and Chief Executive Officer of Fifth Third Bank Midwest and Florida Regions from 2009 to 2010; President and Chief Executive Officer of Fifth Third Bank Midwest Region from 2006 to 2009; President and Chief Executive Officer of Fifth Third Bank North Ohio Region from 2004 to 2006; and President and Chief Executive Officer of Fifth Third Bank Tennessee from 2001 to 2004. Prior to joining Fifth Third, Mr. Clossin was associated with Key Bank from 1987 to 2001 where he served in a variety of capacities including District President, Columbus, Ohio and Senior Vice President, Corporate Banking, Dayton, Ohio. He has been Chairman of Wesbanco Bank, Inc. since April 2018. He has been a Director of WesBanco Inc since 2014 and Secretary a Director at its subsidiary Wesbanco Bank, Inc. Mr. Clossin began his banking career with Society Bank, Canton, Ohio. He is a 1984 graduate of Mount Union College, Alliance, Ohio where he received a B.A. in Business Administration and a 1988 graduate of Akron University, Akron, Ohio where he received an MBA. He is a graduate of the Darden School of Business Advanced Commercial Lending program, Weatherhead School of Business Executive Leadership program, Center for Creative Leadership's Leadership at the Peak program and Stanford University's Strategy and Organization program.
CEO Compensation
- Todd's compensation has been consistent with company performance over the past year, both up more than 20%.
- Todd's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure
Average tenure and age of the WesBanco management team in years:
- The tenure for the WesBanco management team is about average.
Management Team
Todd Clossin
President
$2M
57
5.3 yrs
Bob Young
Executive VP & CFO
$747K
62
18 yrs
Anthony Pietranton
Executive Vice President of Human Resources
$578K
59
Jonathan Dargusch
Executive Vice President of Wealth Management
$620K
61
7.2 yrs
Jay Zatta
Executive VP & Chief Banking Officer
$817K
59
4.4 yrs
Michael Perkins
Executive VP & Chief Risk and Administrative Officer
53
John Iannone
Senior Vice President of Investor & Public Relations
3.6 yrs
Stephen Lawrence
Executive VP & Chief Internal Auditor
62
Lynn Asensio
Executive Vice President & Retail Banking Officer
$637K
63
Ivan Burdine
Executive VP & Chief Credit Officer
62
4.1 yrs
Board of Directors Tenure
Average tenure and age of the WesBanco board of directors in years:
- The tenure for the WesBanco board of directors is about average.
Board of Directors
Christopher Criss
Chairman of the Board
$71K
63
0.3 yrs
Todd Clossin
President
$2M
57
5.3 yrs
Jay McCamic
Director
$40K
63
16.6 yrs
Reed Tanner
Director
$45K
65
22.7 yrs
Abigail Feinknopf
Director
$41K
51
17.4 yrs
F. Nelson
Director
$40K
58
12.3 yrs
D. Knox
Director
$48K
58
11.8 yrs
Charlotte Zuschlag
Director
$48K
67
4.5 yrs
Ronald Owen
Director
$35K
69
4.5 yrs
Lisa Knutson
Director
$34K
53
3.3 yrs
Who owns this company?
Recent Insider Trading
- More shares have been bought than sold by WesBanco individual insiders in the past 3 months.
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price ($) | Value ($) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 16. Aug 19 | Buy | Stephen Callen | Individual | 15. Aug 19 | 15. Aug 19 | 7,000 | $33.79 | $236,324 | ||
| 29. Jul 19 | Sell | Brent Richmond | Individual | 26. Jul 19 | 26. Jul 19 | -5,323 | $36.53 | $-194,423 | ||
| 22. Mar 19 | Buy | Kerry Stemler | Individual | 22. Mar 19 | 22. Mar 19 | 1,343 | $37.67 | $50,571 | ||
| 22. Mar 19 | Buy | Kerry Stemler | Individual | 22. Mar 19 | 22. Mar 19 | 1,183 | $37.75 | $44,652 | ||
| 22. Feb 19 | Buy | Denise Knouse-Snyder | Individual | 21. Feb 19 | 21. Feb 19 | 675 | $42.36 | $28,592 | ||
| 24. Sep 18 | Sell | Brent Richmond | Individual | 24. Sep 18 | 24. Sep 18 | -4,006 | $45.60 | $-182,674 | ||
Management checks
We assess WesBanco's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) WesBanco has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
WSBC News
Simply Wall St News
How Many WesBanco, Inc. (NASDAQ:WSBC) Shares Do Institutions Own?
We also tend to see lower insider ownership in companies that were previously publicly owned. … View our latest analysis for WesBanco NasdaqGS:WSBC Ownership Summary, July 29th 2019 What Does The Institutional Ownership Tell Us About WesBanco? … We can see that WesBanco does have institutional investors; and they hold 60% of the stock.
Simply Wall St - – Full articleShould We Worry About WesBanco, Inc.'s (NASDAQ:WSBC) P/E Ratio?
WesBanco has a price to earnings ratio of 12.93, based on the last twelve months. … Check out our latest analysis for WesBanco How Do I Calculate A Price To Earnings Ratio? … The formula for price to earnings is: Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS) Or for WesBanco: P/E of 12.93 = $37.61 ÷ $2.91 (Based on the trailing twelve months to March 2019.) Is A High P/E Ratio Good?
Simply Wall St - – Full articleDoes WesBanco, Inc.'s (NASDAQ:WSBC) CEO Salary Compare Well With Others?
Check out our latest analysis for WesBanco How Does Todd Clossin's Compensation Compare With Similar Sized Companies? … Most shareholders would consider it a positive that Todd Clossin takes less total compensation than the CEOs of most similar size companies, leaving more for shareholders. … Todd Clossin receives relatively low remuneration compared to similar sized companies.
Simply Wall St - – Full articleSome WesBanco (NASDAQ:WSBC) Shareholders Are Down 24%
One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS). … During the unfortunate twelve months during which the WesBanco share price fell, it actually saw its earnings per share (EPS) improve by 25%. … As well as measuring the share price return, investors should also consider the total shareholder return (TSR).
Simply Wall St - – Full articleDoes WesBanco, Inc. (NASDAQ:WSBC) Have A Particularly Volatile Share Price?
A stock with a beta below one is either less volatile than the market, or more volatile but not corellated with the overall market. … This is reasonably close to the market beta of 1, so the stock has in the past displayed similar levels of volatility to the overall market. … What this means for you: WesBanco has a beta value quite close to that of the overall market.
Simply Wall St - – Full articleWhat Does WesBanco, Inc.'s (NASDAQ:WSBC) Share Price Indicate?
It’s trading around 1.3% below my intrinsic value, which means if you buy WesBanco today, you’d be paying a reasonable price for it. … WSBC’s optimistic future growth appears to have been factored into the current share price, with shares trading around its fair value. … Will you have enough confidence to invest in the company should the price drop below its fair value?
Simply Wall St - – Full articleHere's Why I Think WesBanco (NASDAQ:WSBC) Might Deserve Your Attention Today
I like to take a look at earnings before interest and (EBIT) tax margins, as well as revenue growth, to get another take on the quality of the company's growth. … I note that WesBanco's revenue from operations was lower than its revenue in the last twelve months, so that could distort my analysis of its margins. … While we note WesBanco's EBIT margins were flat over the last year, revenue grew by a solid 25% to US$468m.
Simply Wall St - – Full articleShould You Buy WesBanco, Inc. (NASDAQ:WSBC) For Its Dividend?
Owning a strong dividend company and reinvesting the dividends is widely seen as an attractive way of growing your wealth. … Unfortunately, one common occurrence with dividend companies is for investors to be enticed in by the seemingly attractive yield, and lose money when the company has to cut its dividend payments. … When buying stocks for their dividends, you should always run through the checks below, to see if the dividend looks sustainable.
Simply Wall St - – Full articleWesBanco, Inc. (NASDAQ:WSBC) Insiders Have Been Selling
We've lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly. … So shareholders might well want to know whether insiders have been buying or selling shares in WesBanco, Inc. … All up, insiders sold more shares in WesBanco than they bought, over the last year
Simply Wall St - – Full articleWhat Kind Of Shareholder Owns Most WesBanco, Inc. (NASDAQ:WSBC) Stock?
Conversely, insiders often decrease their ownership over time. … We also tend to see lower insider ownership in companies that were previously publicly owned. … Taking a look at our data on the ownership groups (below), it's seems that.
Simply Wall St - – Full articleWSBC Company Info
Description
WesBanco, Inc. operates as the holding company for WesBanco Bank, Inc. that provides retail banking, corporate banking, personal and corporate trust, brokerage, and mortgage banking and insurance services in the United States. 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 purchases 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, 2018, the company operated through 209 branches and 202 ATMs in West Virginia, Ohio, western Pennsylvania, Kentucky, and southern Indiana, as well as 4 loan production offices in West Virginia, Ohio, and western Pennsylvania. WesBanco, Inc. was founded in 1870 and is headquartered in Wheeling, West Virginia.
Details
| Name: | WesBanco, Inc. |
| WSBC | |
| Exchange: | NasdaqGS |
| Founded: | 1870 |
| $1,877,207,869 | |
| 54,697,199 | |
| Website: | http://www.wesbanco.com |
| Address: |
WesBanco, Inc. 1 Bank Plaza, Wheeling, West Virginia, 26003, United States |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| NasdaqGS | WSBC | Common Stock | Nasdaq Global Select | US | USD | 15. Apr 1977 |
Number of employees
Current staff
Industry
| Regional Banks | |
| Banks |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/08/18 23:47 |
| End of day share price update: | 2019/08/16 00:00 |
| Last estimates confirmation: | 2019/07/29 |
| Last earnings filing: | 2019/07/31 |
| Last earnings reported: | 2019/06/30 |
| Last annual earnings reported: | 2018/12/31 |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
