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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Here are 1-3 brief analogies for Wesbanco (WSBC):
- A regional PNC Bank, serving communities across West Virginia, Ohio, and neighboring states.
- Like a smaller, regional version of Bank of America or Wells Fargo, concentrated in the Mid-Atlantic.
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- Deposit Accounts: Offers various checking, savings, money market, and certificate of deposit accounts for individuals and businesses.
- Lending Services: Provides a range of loans including residential mortgages, commercial real estate, commercial and industrial, and consumer loans.
- Wealth Management: Delivers investment management, financial planning, trust and estate administration, and brokerage services.
- Treasury Management: Offers solutions like remote deposit capture, automated clearing house (ACH) services, and positive pay for business clients to manage their cash flow.
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Wesbanco (WSBC) is a financial holding company whose primary subsidiary is Wesbanco Bank, Inc. As a regional bank, it serves a broad and diversified customer base rather than having a few major corporate customers that represent a significant portion of its revenue. Its business model relies on serving a large volume of clients across different segments.
Wesbanco primarily sells its financial products and services to a wide range of individuals, businesses, and institutions. Therefore, the company serves the following categories of customers:
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Retail Customers (Individuals and Families): This category includes individuals and families seeking personal banking services such as checking accounts, savings accounts, money market accounts, certificates of deposit, credit cards, mortgages, home equity loans, personal loans, and wealth management services (through Wesbanco Trust and Investment Services).
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Small to Medium-Sized Businesses (SMBs): Wesbanco provides comprehensive commercial banking services to local and regional small to medium-sized enterprises. These services include business checking and savings accounts, commercial real estate loans, equipment financing, lines of credit, term loans, treasury management services, and merchant services.
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Corporate and Institutional Customers: This category encompasses larger corporations, non-profit organizations, and governmental entities. Wesbanco offers these clients more sophisticated financial solutions, including large commercial loans, specialized treasury management, and institutional trust and investment services.
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Jeffrey H. Jackson President and Chief Executive Officer
Jeffrey H. Jackson serves as the President and Chief Executive Officer of Wesbanco, having joined the company in August 2022 as Senior Executive Vice President and Chief Operating Officer, and was elected to the Board of Directors effective August 1, 2023. Before his tenure at Wesbanco, Mr. Jackson held various leadership roles at First Horizon Bank, including Executive Vice President and Chief Operating Officer of regional banking, Regional President for Florida, and Market President for Southeast Tennessee and Atlanta. Prior to his career in banking, he spent 15 years with IBM in diverse positions.
Daniel K. Weiss Senior Executive Vice President and Chief Financial Officer
Daniel K. Weiss has been the Senior Executive Vice President and Chief Financial Officer of Wesbanco since January 1, 2022. He joined Wesbanco in 2008 and has held several key positions, including Senior Vice President & Chief Accounting Officer since January 2021, and Senior Vice President and Corporate Controller. Before joining Wesbanco, Mr. Weiss gained diverse experience as a public accountant at Deloitte, where he worked in the audit practice across financial services, manufacturing, healthcare, and retail industries. He is a licensed Certified Public Accountant with 20 years of experience.
Jayson M. Zatta Senior Executive Vice President – Chief Banking Officer
Jayson M. Zatta has served as Senior Executive Vice President and Chief Banking Officer of Wesbanco since February 2020. His previous roles at Wesbanco include Executive Vice President – Chief Banking Officer (from April 2017) and Executive Vice President – Chief Lending Officer (from March 2015). Mr. Zatta joined Wesbanco in 2008. Prior to that, he was the President of the Ohio Valley Region at Huntington Bank and previously served as Executive Vice President and Senior Credit Officer at Sky Bank. He brings over 37 years of experience in various lending and leadership capacities to his role.
Jan Pattishall-Krupinski Senior Executive Vice President and Chief Administrative Officer
Jan Pattishall-Krupinski was appointed Senior Executive Vice President and Chief Administrative Officer in October 2024. She previously served as Executive Vice President and Director of Operations since 2019. Ms. Pattishall-Krupinski joined Wesbanco in 2011, holding various leadership positions in Information Technology, Project Management, and Risk Management. Prior to Wesbanco, she worked as a technical consultant in Pittsburgh, PA. She holds a Bachelor of Science in Marketing from Pennsylvania State University and is a graduate of Harvard Business School's Advanced Management program. She has played a key role in transformative initiatives, including multiple acquisitions and a core banking system transformation.
Michael L. Perkins Senior Executive Vice President and Chief Risk Officer
Michael L. Perkins is the Senior Executive Vice President and Chief Risk Officer of Wesbanco, having held enterprise risk management responsibilities since 2001. Before this, he served as Senior Vice President and Chief Auditor of the Corporation. Mr. Perkins possesses 35 years of experience in banking, and prior to joining Wesbanco in 1995, he worked in the financial services industry as a public accountant. He is a licensed Certified Public Accountant.
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The key risks to Wesbanco's business (symbol: WSBC) include:
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Merger Integration Risk: Wesbanco faces market uncertainty and a potential decline in its common stock price following its merger with Premier Financial. This risk stems from possible challenges in successfully integrating Premier Financial or failing to achieve the anticipated benefits, such as expected financial outcomes.
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Interest Rate Risk: Changes in interest rates can significantly impact Wesbanco's financial performance. For example, a higher interest rate environment in 2023 led to a decrease in net income because liabilities repriced faster than assets. Additionally, rising interest rates could cause a decline in the market values of the municipal bond portfolio, potentially leading to impairment charges.
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Credit Risk and Loan Defaults: Wesbanco is exposed to the risk that customers may default on the repayment of loans. Such defaults can significantly impact the company's results of operations through increases in the provision and allowance for credit losses.
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The clear emerging threats for Wesbanco (WSBC) are the rise of digital-only challenger banks (neobanks) and the increasing prevalence of non-bank digital lenders and embedded finance offerings from large technology companies. These entities directly compete for customer deposits, basic banking services, and specific lending segments by leveraging superior digital experiences, lower operating costs, and convenient, technology-driven solutions, thus eroding the traditional customer base and market share of regional banks like Wesbanco.
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Wesbanco, Inc. (WSBC) operates as a diversified financial services company primarily within the United States, offering a range of products and services including personal and business banking, various loan types, investments, mortgages, and wealth management.
The addressable markets for Wesbanco's main products and services in the U.S. are as follows:
- Commercial Banking/Lending: The U.S. commercial banking market size is estimated at USD 732.5 billion in 2025 and is projected to reach USD 915.45 billion by 2030. Other estimates place the commercial banking market in the U.S. at USD 1.5 trillion in 2024, growing to USD 1.6 trillion in 2025. The global commercial lending market was valued at USD 9.7 trillion in 2023 and is poised to grow to USD 23.06 trillion by 2032. The U.S. holds approximately 75% of the North American commercial lending market share.
- Retail Banking: The United States retail banking market is valued at USD 0.87 trillion in 2025 and is projected to reach USD 1.08 trillion by 2030.
- Mortgages (Purchase Mortgages): The market for purchase mortgages within the U.S. is currently valued at USD 1,145.4 billion. Residential mortgage debt in the U.S. totaled $11.92 trillion as of the fourth quarter of 2022, with Americans owing $12.94 trillion on mortgages as of the second quarter of 2025.
- Wealth Management: The global assets under management (AUM) reached $162 trillion in 2025, with the United States holding 54.2% of this total, representing an approximate addressable market of $87.8 trillion in AUM for wealth management services in the U.S. The U.S. private banking market, a component of wealth management, is valued at USD 59.54 billion in 2025 and is expected to reach USD 94.89 billion by 2030.
Market sizes for other products such as general insurance and credit cards are not readily available at a granular level relevant to Wesbanco's regional operations to provide a specific addressable market.
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Here are 3-5 expected drivers of future revenue growth for Wesbanco (WSBC) over the next 2-3 years:
- Loan Growth: Wesbanco anticipates continued strong loan growth, driven by both organic expansion through its commercial teams and the integration of acquired portfolios, such as that from Premier Financial. The company has reported record commercial gross loan production and has over $1 billion in unfunded land construction and development commitments expected to fund within the next 18 months.
- Net Interest Margin (NIM) Expansion: Improvement in Wesbanco's net interest margin is expected to contribute to revenue growth. This is attributed to a combination of higher loan and security yields, as well as reduced funding costs. The company's net interest margin has shown sequential and year-over-year improvements, with expectations for it to rebound in the near term.
- Growth in Fee Income and Non-Interest Income: The acquisition of Premier Financial has significantly bolstered Wesbanco's non-interest income. This growth is further supported by an increase in service charges on deposits, the introduction of new products and services, enhanced treasury management offerings, and higher volumes in digital banking fees.
- Expansion into New Markets: Wesbanco is strategically expanding its geographic footprint, particularly in Tennessee, by opening new commercial loan production offices in Knoxville and its first retail banking center in Chattanooga. This expansion into high-growth markets is a key part of its strategy to accelerate growth and strengthen revenue streams.
- Investment in Digital Banking and Treasury Management: Accelerated investment in digital banking capabilities and treasury management products is expected to boost fee-based income streams. This strategy aims to capitalize on the ongoing customer migration toward digital financial services, which is likely to improve both revenue mix and net margins.
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Wesbanco's capital allocation decisions over the last 3-5 years reflect a focus on strategic acquisitions, managing its capital structure through preferred stock offerings and redemptions, and consistent dividend payments.
Share Repurchases
Wesbanco has indicated that the repurchase of outstanding equity securities is among its general corporate purposes, to be funded by remaining proceeds from offerings such as the Series B preferred stock. However, specific dollar amounts of common share repurchases made or explicitly authorized for the future within the last 3-5 years are not detailed in the provided information.
Share Issuance
Wesbanco completed a public offering of Series B depositary shares on September 17, 2025, which raised $230 million. These shares represent interests in its 7.375% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series B. Additionally, Wesbanco's shareholders approved the issuance of common stock on December 11, 2024, as part of the merger agreement to acquire Premier Financial Corp. In 2024, the company raised $200 million of common equity, contributing to a 10.2% increase in total shareholders' equity.
Outbound Investments
Wesbanco completed the acquisition of Premier Financial Corp. (PFC) on February 28, 2025. This strategic acquisition significantly expanded Wesbanco's market presence and operational capacity in the Midwest region. The acquired loans from Premier Financial Corp. totaled $5.9 billion as of September 30, 2025. The merger is projected to create a regional financial services institution with approximately $27 billion in assets.
Capital Expenditures
The company has stated that the remaining net proceeds from the Series B preferred stock offering may be allocated towards general corporate purposes, including capital expenditures. However, specific dollar values for past capital expenditures or detailed projections and primary focuses for future capital expenditures within the last 3-5 years are not explicitly available in the provided information.
