Wesbanco, Inc. Surveillance Report

Company Profile

Wesbanco, Inc. (NASDAQ: WSBC) or (“the company”) is a ~$28 billion asset bank holding company headquartered in Wheeling, WV, which, through its lead subsidiary, WesBanco Bank, Inc. (“the bank”), has 150+ years of operating history and 250+ financial centers and LPOs across WV, OH, MD, KY, Western PA, Southern IN, and Southeastern MI, TN, and Northern VA. As a relationship-driven community banking institution, WSBC’s competitive positioning within its footprint enables it to gather lower-cost deposits and lend into higher yielding urban areas at an attractive spread.
Historically, bank M&A has augmented organic growth, adding $18+ billion in assets since the GFC and diversifying geographically. Most recently, WSBC closed the acquisition of OH-based Premier Financial Corp. (“PFC”), adding ~$6 billion in loans, ~$7 billion in deposits, and 73 branches across Northern OH, Southeastern MI, and Northeastern IN.
The earnings profile includes a ~20%…

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