Company
WesBanco, Inc.
Headquarters: Wheeling, WV, United States
Founded: 1870
Employees: 2,389
CEO: Mr. Todd F. Clossin
Market Cap
$1.81 Billion
USD as of Jan. 1, 2024
WesBanco, Inc. Categories
United States Financials Banks—RegionalUnited States Financials United States Banks—Regional
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Industry: Banks—Regional
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Detailed Description
WesBanco, Inc. operates as the bank holding company for WesBanco Bank, Inc. that provides retail banking, corporate banking, personal and corporate trust, brokerage, and mortgage banking and insurance services. It operates in two segments, Community Banking, and Trust and Investment Services. The company offers commercial demand, individual demand, and time deposit accounts; money market accounts; interest bearing and non-interest bearing demand deposits, as well as savings deposits; and certificates of deposit. It also provides commercial real estate loans; commercial and industrial loans; residential real estate loans, including loans to purchase, construct, or refinance borrower's home; home equity lines of credit; installment loans to finance the purchase of automobiles, trucks, motorcycles, boats, and other recreational vehicles, as well as home equity installment loans, unsecured home improvement loans, and revolving lines of credit; and commercial, mortgage, and individual installment loans. In addition, the company offers trust and investment services, as well as various investment products comprising mutual funds and annuities; and securities brokerage services. Further, WesBanco, Inc., through its non-banking subsidiaries, acts as an agency that specializes in property, casualty, life, and title insurance, as well as benefit plan sales and administration to personal and commercial clients; provides broker dealer and discount brokerage services; holds investment securities and loans; and holds and leases commercial real estate properties, as well as acts as an investment adviser to a family of mutual funds. As of December 31, 2021, it operated 206 branches and 203 ATMs in West Virginia, Ohio, western Pennsylvania, Kentucky, southern Indiana, and Maryland, as well as seven loan production offices in West Virginia, Ohio, western Pennsylvania, Maryland, and northern Virginia. WesBanco, Inc. was founded in 1870 and is headquartered in Wheeling, West Virginia.
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Stocks & Indices
WesBanco, Inc. has the following listings and related stock indices.
Stock: NASDAQ: WSBC wb_incandescent
Stock: FSX: WEY wb_incandescent
Stock: NASDAQ: WSBCP wb_incandescent
Key People
James C. Gardill, Chairman Todd F. Clossin, CEO & President Robert H. Young, CFO
Financials
Revenue: $286 million (2016)
Net income: $0.086 billion (2016)
Total assets: $14.900 billion (2018)
Total equity: $1.341 billion (2016)