Vmbook Online ordering

Wesbanco Inc

WesBanco, Inc. is a diversified financial holding company based in Wheeling, West Virginia. The company provides a range of community banking, financial, trust, and insurance services to its customers through its subsidiary WesBanco Bank, Inc. and its affiliates.

WesBanco's stock is traded on the NASDAQ Global Select Market under the symbol "WSBC". As of February 2023, the company has a market capitalization of approximately $2.4 billion.

Regarding earnings, WesBanco's net income for the full year 2022 was $126.3 million, representing a 13.8% increase from the previous year. The company's basic and diluted earnings per share for the year were $2.33 and $2.30, respectively.

In terms of growth, WesBanco has a strong track record of expanding its footprint and increasing its assets, loans, and deposits. As of December 31, 2022, the company had total assets of $18.7 billion, an increase of 11.1% from the prior year. Net loans and leases held for investment increased by 11.7% to $12.2 billion, and total deposits grew by 9.6% to $14.4 billion.

WesBanco has also been active in acquiring other banks and thrifts to expand its presence in new markets. In 2022, the company completed the acquisition of Premier Financial Bancorp, Inc., which added $2.1 billion in assets and expanded WesBanco's presence in Ohio, Kentucky, and Indiana.

Overall, WesBanco's earnings and growth have been solid in recent years, driven by its focus on community banking and its expansion into new markets through strategic acquisitions.