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%…
Log in or Sign up for free access to this report.
KBRA is a global full-service rating agency with a mission to set a standard of excellence and integrity. Established in 2010, KBRA remains dedicated to the restoration of trust in credit ratings by creating new standards for assessing risk and by offering timely and transparent ratings. KBRA provides market participants with an alternative solution by delivering in-depth research across various sectors within the United States and European markets. We strive to provide the investment community with the products and tools needed to make informed investment decisions.