WesBanco
Market Cap
US$2.5b
Last Updated
2020/01/23 23:57 UTC
Data Sources
Company Financials +
Executive Summary
WesBanco, Inc. operates as the holding company for WesBanco Bank, Inc.
Rewards
Risk Analysis
Snowflake Analysis
Flawless balance sheet, undervalued and pays a dividend.
Similar Companies
Share Price & News
How has WesBanco's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: WSBC has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
-1.7%
WSBC
-1.0%
US Banks
-0.09%
US Market
1 Year Return
-8.0%
WSBC
14.7%
US Banks
23.9%
US Market
Return vs Industry: WSBC underperformed the US Banks industry which returned 21.7% over the past year.
Return vs Market: WSBC underperformed the US Market which returned 24.7% over the past year.
Shareholder returns
| WSBC | Industry | Market | |
|---|---|---|---|
| 7 Day | -1.7% | -1.0% | -0.09% |
| 30 Day | -5.0% | -3.0% | 3.1% |
| 90 Day | -2.0% | 4.5% | 10.4% |
| 1 Year | -4.8%-8.0% | 18.0%14.7% | 26.6%23.9% |
| 3 Year | -8.9%-16.5% | 28.6%19.4% | 50.9%41.2% |
| 5 Year | 35.8%17.6% | 86.7%65.8% | 78.1%58.5% |
Price Volatility Vs. Market
How volatile is WesBanco's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
Is It Too Late To Consider Buying WesBanco, Inc. (NASDAQ:WSBC)?1 month ago | Simply Wall St
Is It Smart To Buy WesBanco, Inc. (NASDAQ:WSBC) Before It Goes Ex-Dividend?1 month ago | Simply Wall St
Those Who Purchased WesBanco (NASDAQ:WSBC) Shares A Year Ago Have A 12% Loss To Show For ItValuation
Is WesBanco undervalued compared to its fair value and its price relative to the market?
19.8%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: WSBC ($36.44) is trading below our estimate of fair value ($46.03)
Significantly Below Fair Value: WSBC is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: WSBC is good value based on its PE Ratio (12x) compared to the Banks industry average (12.8x).
PE vs Market: WSBC is good value based on its PE Ratio (12x) compared to the US market (18.9x).
Price to Earnings Growth Ratio
PEG Ratio: WSBC is good value based on its PEG Ratio (0.7x)
Price to Book Ratio
PB vs Industry: WSBC is good value based on its PB Ratio (0.9x) compared to the US Banks industry average (1.2x).
Next Steps
Future Growth
How is WesBanco forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?
16.3%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: WSBC's forecast earnings growth (16.1% per year) is above the savings rate (1.7%).
Earnings vs Market: WSBC's earnings (16.1% per year) are forecast to grow faster than the US market (14.3% per year).
High Growth Earnings: WSBC's earnings are forecast to grow, but not significantly.
Revenue vs Market: WSBC's revenue (10.7% per year) is forecast to grow faster than the US market (7.5% per year).
High Growth Revenue: WSBC's revenue (10.7% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: WSBC's Return on Equity is forecast to be low in 3 years time (7.9%).
Next Steps
Past Performance
How has WesBanco performed over the past 5 years?
17.9%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: WSBC has high quality earnings.
Growing Profit Margin: WSBC's current net profit margins (33.6%) are higher than last year (28.2%).
Past Earnings Growth Analysis
Earnings Trend: WSBC's earnings have grown by 17.9% per year over the past 5 years.
Accelerating Growth: WSBC's earnings growth over the past year (44.6%) exceeds its 5-year average (17.9% per year).
Earnings vs Industry: WSBC earnings growth over the past year (44.6%) exceeded the Banks industry 27.1%.
Return on Equity
High ROE: WSBC's Return on Equity (7.9%) is considered low.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is WesBanco's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Inventory Level: WSBC has a low level of unsold assets or inventory.
Debt Coverage by Assets: WSBC's debt is not covered by short term assets (assets are 0.2x debt).
Financial Institutions Analysis
Asset Level: WSBC's level of assets compared to its equity is low.
Allowance for Bad Loans: WSBC has a sufficient allowance for bad loans.
Low Risk Liabilities: WSBC's liabilities are made up of primarily low risk sources of funding.
Loan Level: WSBC has an acceptable proportion of non-loan assets held.
Low Risk Deposits: WSBC's loans are broadly funded by customer deposits.
Level of Bad Loans: WSBC has an appropriate level of bad loans (0.52%)
Next Steps
Dividend
What is WesBanco's current dividend yield, its reliability and sustainability?
3.42%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: WSBC's dividend (3.4%) is higher than the bottom 25% of dividend payers in the US market (1.4%).
High Dividend: WSBC's dividend (3.4%) is low compared to the top 25% of dividend payers in the US market (3.66%).
Stability and Growth of Payments
Stable Dividend: WSBC's dividend payments have been volatile in the past 10 years.
Growing Dividend: WSBC's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (40.1%), WSBC's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: WSBC's dividends in 3 years are forecast to be well covered by earnings (41.8% payout ratio).
Next Steps
Management
What is the CEO of WesBanco's salary, the management and board of directors tenure and is there insider trading?
5.3yrs
Average management tenure
CEO
Todd Clossin (57yo)
5.8yrs
Tenure
US$1,894,631
Compensation
Mr. Todd F. Clossin has been the Chief Executive Officer and President of WesBanco Inc., and its subsidiary Wesbanco Bank, Inc. since April 30, 2014. Mr. Clossin served as the Chief Operating Officer, Exec ...
CEO Compensation Analysis
Compensation vs Market: Todd's total compensation ($USD1.89M) is below average for companies of similar size in the US market ($USD4.99M).
Compensation vs Earnings: Todd's compensation has been consistent with company performance over the past year.
Management Age and Tenure
5.3yrs
Average Tenure
59yo
Average Age
Experienced Management: WSBC's management team is seasoned and experienced (5.3 years average tenure).
Board Age and Tenure
9.0yrs
Average Tenure
60.5yo
Average Age
Experienced Board: WSBC's board of directors are considered experienced (9 years average tenure).
Insider Trading
Insider Buying: WSBC insiders have sold more shares than they have bought in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Role | Senior Key Executive Executive Vice President of Wealth Management |
| Shares | 4,504 |
| Max Price | US$38.10 |
| Entity | Individual |
| Shares | 10,000 |
| Max Price | US$37.51 |
| Entity | Individual |
| Role | Chief Executive Officer President |
| Shares | 7,500 |
| Max Price | US$36.46 |
| Entity | Individual |
| Shares | 7,000 |
| Max Price | US$33.79 |
| Entity | Individual |
| Shares | 5,323 |
| Max Price | US$36.53 |
| Entity | Individual |
| Shares | 1,183 |
| Max Price | US$37.75 |
| Entity | Individual |
| Shares | 1,343 |
| Max Price | US$37.67 |
| Entity | Individual |
| Shares | 675 |
| Max Price | US$42.36 |
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 18.2%.
Management Team
Bob Young (62yo)
Executive VP & CFO
- Tenure: 18.4yrs
- Compensation: US$746.98k
Jay Zatta (59yo)
Executive VP & Chief Banking Officer
- Tenure: 4.8yrs
- Compensation: US$816.99k
Stephen Lawrence (62yo)
Executive VP & Chief Internal Auditor
Mike Perkins (53yo)
Executive VP and Chief Risk & Administrative Officer
Todd Clossin (57yo)
President
- Tenure: 5.8yrs
- Compensation: US$1.89m
Jonathan Dargusch (61yo)
Executive Vice President of Wealth Management
- Tenure: 7.6yrs
- Compensation: US$620.14k
Anthony Pietranton (59yo)
Executive Vice President of Human Resources
- Compensation: US$578.04k
John Iannone
Senior Vice President of Investor & Public Relations
- Tenure: 4yrs
Jan Pattishall-Krupinski
Executive VP & Director of Operations
- Tenure: 0.2yrs
Jennifer Roth (44yo)
Chief Compliance Officer
Board Members
Charlotte Zuschlag (67yo)
Director
- Tenure: 4.9yrs
- Compensation: US$48.00k
D. Knox (58yo)
Independent Director
- Tenure: 12.2yrs
- Compensation: US$48.25k
Jay McCamic (63yo)
Independent Director
- Tenure: 17yrs
- Compensation: US$40.00k
Reed Tanner (65yo)
Independent Director
- Tenure: 23.1yrs
- Compensation: US$45.25k
Christopher Criss (63yo)
Chairman of the Board
- Tenure: 0.8yrs
- Compensation: US$70.75k
Abigail Feinknopf (51yo)
Independent Director
- Tenure: 17.8yrs
- Compensation: US$41.00k
Lisa Knutson (53yo)
Independent Director
- Tenure: 3.8yrs
- Compensation: US$34.00k
F. Nelson (58yo)
Independent Director
- Tenure: 12.8yrs
- Compensation: US$39.50k
Todd Clossin (57yo)
President
- Tenure: 5.8yrs
- Compensation: US$1.89m
Ronald Owen (69yo)
Independent Director
- Tenure: 4.9yrs
- Compensation: US$35.00k
Company Information
WesBanco, Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: WesBanco, Inc.
- Ticker: WSBC
- Exchange: NasdaqGS
- Founded: 1870
- Industry: Regional Banks
- Sector: Banks
- Market Cap: US$2.471b
- Shares outstanding: 68.25m
- Website: https://www.wesbanco.com
Number of Employees
Location
- WesBanco, Inc.
- 1 Bank Plaza
- Wheeling
- West Virginia
- 26003
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| WSBC | NasdaqGS (Nasdaq Global Select) | Yes | Common Stock | US | USD | Apr 1977 |
Biography
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.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/01/23 23:57 |
| End of Day Share Price | 2020/01/23 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2018/12/31 |
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.